Global Sounding Rocket Market Size was USD 98.70 Million in 2022, this report covers Market growth, trend, opportunity and forecast 2023-2030

The Sounding Rocket Market is expected to grow from USD 98.70 Million in 2022 to USD 187.50 Million by 2030, at a CAGR of 9.60% during the forecast period.

The global sounding rocket market is expected to grow at a CAGR of 9.60% during the forecast period (2022-2030). The increasing demand for research, defense, and commercial applications is driving the market growth. Moreover, the rising investments in space exploration programs, technological advancements, and increasing government initiatives are expected to fuel the growth of the market. North America holds the largest market share due to the high demand for commercial and military applications in the region. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to the increasing investments in space exploration programs. The market size is expected to reach USD 187.50 Million by 2030.