Is The Hypersonic Rocket Engine Market Expected To Reach $13.4 Billion While Growing At 12.06% CAGR By 2030?

What Market Size Is Projected For The Hypersonic Rocket Engine Market By 2029?
The hypersonic rocket engine market size has grown rapidly in recent years. It will grow from $7.59 billion in 2025 to $8.51 billion in 2026 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to development of early high-speed and rocket propulsion technologies, research in solid-fuel and liquid-fuel rocket engines for hypersonic applications, government-funded military and space programs driving engine innovation, advancements in materials capable of withstanding extreme heat and pressure, experimental testing of turbo-ramjet and boost-glide propulsion systems.

The hypersonic rocket engine market size is expected to see rapid growth in the next few years. It will grow to $13.42 billion in 2030 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to rising demand for hypersonic engines for next-generation missiles and defense systems, growth in space exploration and commercial high-speed transportation programs, advancements in hybrid and air-turbo rocket propulsion technologies, increasing investment in rotating detonation and combined cycle engines, integration of AI and simulation for engine design optimization and performance enhancement. Major trends in the forecast period include advanced thermal management systems, high-temperature composite materials adoption, boost-glide vehicle propulsion innovations, reusable hypersonic engine development, multi-mode propulsion system integration.

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Which Primary Market Drivers Are Fueling Momentum In The Hypersonic Rocket Engine Market?
The increasing interest in space tourism is expected to propel the growth of the hypersonic rocket engine market going forward. Space tourism refers to the commercial activity of sending private individuals into space for recreational, leisure, or adventure purposes rather than for scientific or governmental missions. The demand for space tourism is increasing due to technological advancements that reduce the cost and improve the safety of space travel by enabling innovations such as reusable rockets and advanced propulsion systems, making them more affordable and reliable for commercial use. Hypersonic rocket engines support space tourism by allowing faster and more efficient space travel, reducing travel time significantly. They enhance the feasibility of commercial space flights, making space tourism more accessible and convenient for private individuals. For instance, in July 2023, according to a survey study among 10,329 U.S. adults from May 30 to June 4 2023, by the Pew Research Center, a US-based research organization, 55% of Americans expect that space tourism will become routine by 2073, with 35% personally interested in going to space. Therefore, the increasing interest in space tourism is driving the growth of the hypersonic rocket engine market.

What Major Market Segments Contribute To Shaping The Overall Framework Of The Hypersonic Rocket Engine Market?
The hypersonic rocket engine market covered in this report is segmented –

1) By Type: Scramjet, Ramjet, Dual-Mode Propulsion, Other Types
2) By Application: Military And Defense, Space Exploration, Commercial, Other Applications
3) By End-User: Government, Commercial, Other End-Users

Subsegments:
1) By Scramjet: Hydrogen-Fueled Scramjets, Hydrocarbon-Fueled Scramjets, Active Cooling Scramjets, Integrally Built Airframe-Engine Designs
2) By Ramjet: Solid-Fuel Ramjets, Liquid-Fuel Ramjets, Ducted Rocket Ramjets, Variable Geometry Ramjets
3) By Dual-Mode Propulsion: Turbo-Ramjet Engines, Ramjet-Scramjet Combined Cycle Engines, Air-Turbo Rocket Engines, Dual-Mode Transition Control Systems
4) By Other Types: Solid Rocket Engines, Liquid Rocket Engines, Hybrid Propulsion Engines, Rotating Detonation Engines

What Trends Are Driving Change Across The Hypersonic Rocket Engine Market Landscape?
Major companies operating in the hypersonic rocket engine market are focusing on engaging in innovative programs, such as the hypersonic test launch platform, to enhance performance, improve testing accuracy, and accelerate the development of next-generation propulsion systems. A hypersonic test launch platform is a specialized system or vehicle designed to test and evaluate the performance of hypersonic weapons or vehicles traveling at speeds exceeding Mach 5 under controlled test conditions. For instance, in December 2024, Rocket Lab USA Inc., a US-based space technology company, launched a suborbital hypersonic mission as a part of the Department of Defense’s Multi-Service Advanced Capability Hypersonics Test Bed (MACH-TB) initiative. The mission featured Rocket Lab’s Hypersonic Accelerator Suborbital Test Electron (HASTE) vehicle, which is specifically engineered to deliver rapid, cost-effective hypersonic flight testing. This launch demonstrated advanced payload integration capabilities and accelerated manufacturing timelines, reinforcing the company’s role in supporting national defense priorities and advancing next-generation hypersonic technologies.

Who Are The Established And Emerging Players Expanding Their Footprint In The Hypersonic Rocket Engine Market?
Major companies operating in the hypersonic rocket engine market are RTX Corporation, The Boeing Company, Lockheed Martin, Northrop Grumman, General Electric Aviation, BAE Systems, National Aeronautics and Space Administration (NASA), Thales Group, L3Harris Technologies Inc., Leidos Holdings, Israel Aerospace Industries (IAI), MBDA Holdings SAS (MBDA), SpaceX, Kratos Defense And Security Solutions, Ursa Major Technologies, Hermeus Corporation, Venus Aerospace, Reaction Engines, HyImpulse Technologies, Space Engine Systems (SES)

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Which Regional Clusters Are Forecasted To Outperform Others In The Hypersonic Rocket Engine Market?
North America was the largest region in the hypersonic rocket engine market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hypersonic rocket engine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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