Selected research
Industry Growth & Trends
Global Aerospace Propulsion System Industry Growth and Trends Forecast to 2032
Market perspective
The global Aerospace Propulsion System market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Aerospace Propulsion System is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for Aerospace Propulsion System is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Aerospace Propulsion System is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Aerospace Propulsion System include Northrop Grumman Corporation, IHI Aerospace, Rafael Advanced Defense Systems Ltd., GKN Aerospace, OHB System AG, Dassault Systèmes, Safran S.A., CU Aerospace and GE Aerospace, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Aerospace Propulsion System market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Aerospace Propulsion System market size, estimates, and forecasts are presented in terms of sales volume (units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Aerospace Propulsion System market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Aerospace Propulsion System.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Aerospace Propulsion System market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Aerospace Propulsion System Market by Company
Northrop Grumman Corporation
IHI Aerospace
Rafael Advanced Defense Systems Ltd.
GKN Aerospace
OHB System AG
Dassault Systèmes
Safran S.A.
CU Aerospace
GE Aerospace
Moog Inc.
Solvay S.A
Dawn Aerospace
Honeywell Aerospace
Lockheed Martin
Busek Co. Inc
Aerojet Rocketdyne Holdings
Aerospace Propulsion System Segment by Type
Electric Propulsion
Solid Propulsion
Liquid Propulsion
Others
Aerospace Propulsion System Segment by Application
Solid Rocket
Satellite
Airplane
Aircraft
Others
Aerospace Propulsion System Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Aerospace Propulsion System market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Aerospace Propulsion System and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Aerospace Propulsion System.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Aerospace Propulsion System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Aerospace Propulsion System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Electric Propulsion
- Solid Propulsion
- Liquid Propulsion
- Others
Applications
- Solid Rocket
- Satellite
- Airplane
- Aircraft
- Others
Companies covered
- Northrop Grumman Corporation
- IHI Aerospace
- Rafael Advanced Defense Systems Ltd.
- GKN Aerospace
- OHB System AG
- Dassault Systèmes
- Safran S.A.
- CU Aerospace
- GE Aerospace
- Moog Inc.
- Solvay S.A
- Dawn Aerospace
- Honeywell Aerospace
- Lockheed Martin
- Busek Co. Inc
- Aerojet Rocketdyne Holdings
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Aerospace Propulsion System Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Aerospace Propulsion System Sales Estimates and Forecasts (2021-2032)
- 1.3 Aerospace Propulsion System Market by Type
- 1.3.1 Electric Propulsion
- 1.3.2 Solid Propulsion
- 1.3.3 Liquid Propulsion
- 1.3.4 Others
- 1.4 Global Aerospace Propulsion System Market Size by Type
- 1.4.1 Global Aerospace Propulsion System Market Size Overview by Type (2021-2032)
- 1.4.2 Global Aerospace Propulsion System Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Aerospace Propulsion System Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Aerospace Propulsion System Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Aerospace Propulsion System Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Aerospace Propulsion System Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Aerospace Propulsion System Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Aerospace Propulsion System Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Aerospace Propulsion System Industry Trends
- 2.2 Aerospace Propulsion System Industry Drivers
- 2.3 Aerospace Propulsion System Industry Opportunities and Challenges
- 2.4 Aerospace Propulsion System Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Aerospace Propulsion System Revenue (2021-2026)
- 3.2 Global Top Players by Aerospace Propulsion System Sales (2021-2026)
- 3.3 Global Top Players by Aerospace Propulsion System Price (2021-2026)
- 3.4 Global Aerospace Propulsion System Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Aerospace Propulsion System Major Company Production Sites & Headquarters
- 3.6 Global Aerospace Propulsion System Company, Product Type & Application
- 3.7 Global Aerospace Propulsion System Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Aerospace Propulsion System Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Aerospace Propulsion System Players Market Share by Revenue in 2025
- 3.8.3 2025 Aerospace Propulsion System Tier 1, Tier 2, and Tier 3
4 Aerospace Propulsion System Regional Status and Outlook
- 4.1 Global Aerospace Propulsion System Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Aerospace Propulsion System Historic Market Size by Region
- 4.2.1 Global Aerospace Propulsion System Sales in Volume by Region (2021-2026)
- 4.2.2 Global Aerospace Propulsion System Sales in Value by Region (2021-2026)
- 4.2.3 Global Aerospace Propulsion System Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Aerospace Propulsion System Forecasted Market Size by Region
- 4.3.1 Global Aerospace Propulsion System Sales in Volume by Region (2027-2032)
- 4.3.2 Global Aerospace Propulsion System Sales in Value by Region (2027-2032)
- 4.3.3 Global Aerospace Propulsion System Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Aerospace Propulsion System by Application
- 5.1 Aerospace Propulsion System Market by Application
- 5.1.1 Solid Rocket
- 5.1.2 Satellite
- 5.1.3 Airplane
- 5.1.4 Aircraft
- 5.1.5 Others
- 5.2 Global Aerospace Propulsion System Market Size by Application
- 5.2.1 Global Aerospace Propulsion System Market Size Overview by Application (2021-2032)
- 5.2.2 Global Aerospace Propulsion System Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Aerospace Propulsion System Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Aerospace Propulsion System Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Aerospace Propulsion System Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Aerospace Propulsion System Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Aerospace Propulsion System Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Aerospace Propulsion System Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Northrop Grumman Corporation
- 6.1.1 Northrop Grumman Corporation Company Information
- 6.1.2 Northrop Grumman Corporation Business Overview
- 6.1.3 Northrop Grumman Corporation Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Northrop Grumman Corporation Aerospace Propulsion System Product Portfolio
- 6.1.5 Northrop Grumman Corporation Recent Developments
- 6.2 IHI Aerospace
- 6.2.1 IHI Aerospace Company Information
- 6.2.2 IHI Aerospace Business Overview
- 6.2.3 IHI Aerospace Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 IHI Aerospace Aerospace Propulsion System Product Portfolio
- 6.2.5 IHI Aerospace Recent Developments
- 6.3 Rafael Advanced Defense Systems Ltd.
- 6.3.1 Rafael Advanced Defense Systems Ltd. Company Information
- 6.3.2 Rafael Advanced Defense Systems Ltd. Business Overview
- 6.3.3 Rafael Advanced Defense Systems Ltd. Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Rafael Advanced Defense Systems Ltd. Aerospace Propulsion System Product Portfolio
- 6.3.5 Rafael Advanced Defense Systems Ltd. Recent Developments
- 6.4 GKN Aerospace
- 6.4.1 GKN Aerospace Company Information
- 6.4.2 GKN Aerospace Business Overview
- 6.4.3 GKN Aerospace Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 GKN Aerospace Aerospace Propulsion System Product Portfolio
- 6.4.5 GKN Aerospace Recent Developments
- 6.5 OHB System AG
- 6.5.1 OHB System AG Company Information
- 6.5.2 OHB System AG Business Overview
- 6.5.3 OHB System AG Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 OHB System AG Aerospace Propulsion System Product Portfolio
- 6.5.5 OHB System AG Recent Developments
- 6.6 Dassault Systèmes
- 6.6.1 Dassault Systèmes Company Information
- 6.6.2 Dassault Systèmes Business Overview
- 6.6.3 Dassault Systèmes Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Dassault Systèmes Aerospace Propulsion System Product Portfolio
- 6.6.5 Dassault Systèmes Recent Developments
- 6.7 Safran S.A.
- 6.7.1 Safran S.A. Company Information
- 6.7.2 Safran S.A. Business Overview
- 6.7.3 Safran S.A. Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Safran S.A. Aerospace Propulsion System Product Portfolio
- 6.7.5 Safran S.A. Recent Developments
- 6.8 CU Aerospace
- 6.8.1 CU Aerospace Company Information
- 6.8.2 CU Aerospace Business Overview
- 6.8.3 CU Aerospace Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 CU Aerospace Aerospace Propulsion System Product Portfolio
- 6.8.5 CU Aerospace Recent Developments
- 6.9 GE Aerospace
- 6.9.1 GE Aerospace Company Information
- 6.9.2 GE Aerospace Business Overview
- 6.9.3 GE Aerospace Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 GE Aerospace Aerospace Propulsion System Product Portfolio
- 6.9.5 GE Aerospace Recent Developments
- 6.10 Moog Inc.
- 6.10.1 Moog Inc. Company Information
- 6.10.2 Moog Inc. Business Overview
- 6.10.3 Moog Inc. Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Moog Inc. Aerospace Propulsion System Product Portfolio
- 6.10.5 Moog Inc. Recent Developments
- 6.11 Solvay S.A
- 6.11.1 Solvay S.A Company Information
- 6.11.2 Solvay S.A Business Overview
- 6.11.3 Solvay S.A Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Solvay S.A Aerospace Propulsion System Product Portfolio
- 6.11.5 Solvay S.A Recent Developments
- 6.12 Dawn Aerospace
- 6.12.1 Dawn Aerospace Company Information
- 6.12.2 Dawn Aerospace Business Overview
- 6.12.3 Dawn Aerospace Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Dawn Aerospace Aerospace Propulsion System Product Portfolio
- 6.12.5 Dawn Aerospace Recent Developments
- 6.13 Honeywell Aerospace
- 6.13.1 Honeywell Aerospace Company Information
- 6.13.2 Honeywell Aerospace Business Overview
- 6.13.3 Honeywell Aerospace Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Honeywell Aerospace Aerospace Propulsion System Product Portfolio
- 6.13.5 Honeywell Aerospace Recent Developments
- 6.14 Lockheed Martin
- 6.14.1 Lockheed Martin Company Information
- 6.14.2 Lockheed Martin Business Overview
- 6.14.3 Lockheed Martin Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Lockheed Martin Aerospace Propulsion System Product Portfolio
- 6.14.5 Lockheed Martin Recent Developments
- 6.15 Busek Co. Inc
- 6.15.1 Busek Co. Inc Company Information
- 6.15.2 Busek Co. Inc Business Overview
- 6.15.3 Busek Co. Inc Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Busek Co. Inc Aerospace Propulsion System Product Portfolio
- 6.15.5 Busek Co. Inc Recent Developments
- 6.16 Aerojet Rocketdyne Holdings
- 6.16.1 Aerojet Rocketdyne Holdings Company Information
- 6.16.2 Aerojet Rocketdyne Holdings Business Overview
- 6.16.3 Aerojet Rocketdyne Holdings Aerospace Propulsion System Sales, Revenue and Gross Margin (2021-2026)
- 6.16.4 Aerojet Rocketdyne Holdings Aerospace Propulsion System Product Portfolio
- 6.16.5 Aerojet Rocketdyne Holdings Recent Developments
7 North America by Country
- 7.1 North America Aerospace Propulsion System Sales by Country
- 7.1.1 North America Aerospace Propulsion System Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Aerospace Propulsion System Sales by Country (2021-2026)
- 7.1.3 North America Aerospace Propulsion System Sales Forecast by Country (2027-2032)
- 7.2 North America Aerospace Propulsion System Market Size by Country
- 7.2.1 North America Aerospace Propulsion System Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Aerospace Propulsion System Market Size by Country (2021-2026)
- 7.2.3 North America Aerospace Propulsion System Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Aerospace Propulsion System Sales by Country
- 8.1.1 Europe Aerospace Propulsion System Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Aerospace Propulsion System Sales by Country (2021-2026)
- 8.1.3 Europe Aerospace Propulsion System Sales Forecast by Country (2027-2032)
- 8.2 Europe Aerospace Propulsion System Market Size by Country
- 8.2.1 Europe Aerospace Propulsion System Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Aerospace Propulsion System Market Size by Country (2021-2026)
- 8.2.3 Europe Aerospace Propulsion System Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Aerospace Propulsion System Sales by Country
- 9.1.1 Asia-Pacific Aerospace Propulsion System Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Aerospace Propulsion System Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Aerospace Propulsion System Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Aerospace Propulsion System Market Size by Country
- 9.2.1 Asia-Pacific Aerospace Propulsion System Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Aerospace Propulsion System Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Aerospace Propulsion System Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Aerospace Propulsion System Sales by Country
- 10.1.1 South America Aerospace Propulsion System Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Aerospace Propulsion System Sales by Country (2021-2026)
- 10.1.3 South America Aerospace Propulsion System Sales Forecast by Country (2027-2032)
- 10.2 South America Aerospace Propulsion System Market Size by Country
- 10.2.1 South America Aerospace Propulsion System Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Aerospace Propulsion System Market Size by Country (2021-2026)
- 10.2.3 South America Aerospace Propulsion System Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Aerospace Propulsion System Sales by Country
- 11.1.1 Middle East and Africa Aerospace Propulsion System Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Aerospace Propulsion System Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Aerospace Propulsion System Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Aerospace Propulsion System Market Size by Country
- 11.2.1 Middle East and Africa Aerospace Propulsion System Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Aerospace Propulsion System Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Aerospace Propulsion System Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Aerospace Propulsion System Value Chain Analysis
- 12.1.1 Aerospace Propulsion System Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Aerospace Propulsion System Production Mode & Process
- 12.2 Aerospace Propulsion System Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Aerospace Propulsion System Distributors
- 12.2.3 Aerospace Propulsion System Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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