Rocket Solid Propulsion Market Report 2026

Rocket Solid Propulsion Market Overview

• Rocket Solid Propulsion market size has reached to $307.91 billion in 2025 • Expected to grow to $376.37 billion in 2030 at a compound annual growth rate (CAGR) of 4.1% • Growth Driver: The Increasing Number Of Satellite Launches Is Fueling The Market Growth Due To The Rising Demand For Reliable Thrust Systems In Satellite Deployment • Market Trend: The Role Of Solid Propulsion In Small Satellite Launch Services • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Rocket Solid Propulsion Market?

Rocket solid propulsion refers to a propulsion system in which the propellant used is in solid form, and both the fuel and oxidizer are mixed together into a solid grain. When ignited, the solid propellant burns from the inside out, producing high-pressure gas that is expelled through a nozzle to generate thrust. The main types of the rocket solid propulsion include boosters, upper stages, and in-space propulsion. Boosters refer to solid propulsion systems designed to provide high initial thrust at launch, enabling rockets to overcome gravitational forces, stabilize ascent, and deliver payloads to the required altitude or velocity during the early phase of flight. The major rocket types include launch vehicles, spacecraft propulsion systems, and military rockets. The key propellant types include ammonium perchlorate composite propellant (APCP), hydroxyl-terminated polybutadiene (HTPB), and polyurethane (PU). The primary applications include earth observation, navigation, communication, and space exploration, and they are used by several end users such as government, commercial entities, and research institutions.

What Is The Rocket Solid Propulsion Market Growth Forecast?

The rocket solid propulsion market size is expected to see steady growth in the next few years. It will grow to $376.37 billion in 2030 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to rising demand for high-thrust solid rocket motors in defense and aerospace, focus on environmentally safer and stable propellant compositions, integration of advanced guidance and control systems, growth in commercial space launch activities using solid propulsion, development of modular and versatile solid rocket motor designs. Major trends in the forecast period include advancements in high-energy solid propellants, adoption of lightweight composite motor casings, increased demand for multi-stage solid boosters, growth in commercial satellite launch services, enhanced safety and quality assurance standards.

Global Rocket Solid Propulsion Market Segmentation

1) By Type: Boosters, Upper Stages, In-Space Propulsion 2) By Rocket Type: Launch Vehicles, Spacecraft Propulsion, Military Rockets 3) By Propellant Type: Ammonium Perchlorate Composite Propellant (APCP), Hydroxyl-Terminated Polybutadiene (HTPB), Polyurethane (PU) 4) By Application: Earth Observation, Navigation, Communication, Space Exploration 5) By End User: Government, Commercial, Research Institutions Subsegments: 1) By Boosters: Strap-On Boosters, First Stage Boosters, Dual Thrust Boosters, Tandem Boosters 2) By Upper Stages: Single-Stage Upper Modules, Multi-Stage Upper Modules, Restartable Upper Stages, Kick Stages 3) By In-Space Propulsion: Apogee Kick Motors (AKM), Orbit Insertion Motors,

What Is Driver Of The Rocket Solid Propulsion Market?

The increasing number of satellite launches is expected to propel the growth of the rocket solid propulsion market going forward. Satellite launches refer to the process of sending artificial satellites into space using rockets for purposes such as communication, navigation, research, or earth observation. The increasing number of satellite launches is primarily due to the growing demand for communication, as satellites play a crucial role in enhancing connectivity, enabling faster and more reliable data transmission for internet, television, and telecommunications services, especially in remote and underserved areas. Rocket solid propulsion is essential for satellite deployment, delivering the required thrust and reliability to accurately place satellites into their intended orbits. For instance, according to the Government Accountability Office, a US-based government agency, as of spring 2022, there are nearly 5,500 active satellites in orbit, with projections suggesting the launch of an additional 58,000 by 2030. Therefore, the increasing number of satellite launches is driving the growth of the rocket solid propulsion industry.

Key Players In The Global Rocket Solid Propulsion Market

Major companies operating in the rocket solid propulsion market are The Boeing Company, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., Safran S.A., Aerojet Rocketdyne Holdings Inc., L3Harris Technologies Inc., Rolls-Royce Holdings plc, Aerojet Rocketdyne Holdings Inc., Airbus SE, Sierra Nevada Corporation, Arianespace SA, Anduril Industries Inc., Firefly Aerospace Inc., Avio S.p.A., Gilmour Space Technologies Pty Ltd., EDePro – Engine Development and Production d.o.o., Skyroot Aerospace Private Limited, Firehawk Aerospace Inc., Virgin Galactic Holdings Inc., Thiokol Propulsion.

Global Rocket Solid Propulsion Market Trends and Insights

Major companies operating in the rocket solid propulsion market are focusing on developing innovative products, such as solid propellant rockets, to enhance launch efficiency and reduce mission costs. A solid propellant rocket refers to a type of rocket that uses a solid mixture of fuel and oxidizer as its propellant, which is pre-packed into the combustion chamber and ignites to produce thrust when launched. For instance, in June 2023, Guangzhou Zhongke Aerospace Exploration Technology Co., Ltd., a China-based commercial space launch provider, successfully launched its largest solid propellant rocket, Lijian-1, deploying 26 satellites into orbit in a single mission, thereby demonstrating enhanced launch efficiency and reduced mission costs through the use of solid propulsion technology. The launch marked the second flight of Lijian-1, indicating growing reliability and technological maturity of the solid propellant system. The rocket incorporated breakthroughs in six key technologies and utilized 13 domestic innovations for the first time, showcasing China's advancements in solid carrier rocket development.

What Are Latest Mergers And Acquisitions In The Rocket Solid Propulsion Market? Anduril Industries Acquires Adranos To Strengthen U.S. Solid Rocket Motor Supply Chain

In June 2023, Anduril Industries Inc., a US-based defense and space manufacturing company, acquired Adranos for an undisclosed amount. With this acquisition, Anduril Industries aims to strengthen the United States' solid rocket motor supply base by increasing competition, expanding the industrial supply chain, and accelerating the development and production of critical propulsion systems for defense applications. Adranos Inc. is a US-based manufacturing company that specializes in providing solid rocket motors and solid rocket propulsion.

Regional Insights

North America was the largest region in the rocket solid propulsion market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Rocket Solid Propulsion Market?

The rocket solid propulsion market consists of sales of solid propellants, propulsion motors, casings and nozzles, ignition systems, and control systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Rocket Solid Propulsion Market Report 2026?

The rocket solid propulsion market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the rocket solid propulsion industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.