Solid Rocket Booster Market Report 2026

Solid Rocket Booster Market Overview

• Solid Rocket Booster market size has reached to $3.56 billion in 2025 • Expected to grow to $4.91 billion in 2030 at a compound annual growth rate (CAGR) of 6.6% • Growth Driver: Surge In Space Exploration Is Fueling The Growth Of The Market Due To Rising Interest In Scientific Discovery • Market Trend: Advancements In Next-Generation Launch Systems For Enhanced Space Security • North America was the largest region in 2025.

What Is Covered Under Solid Rocket Booster Market?

A solid rocket booster (SRB) is a large rocket component that uses solid propellant to provide powerful thrust, typically used to assist the main engines during the initial phase of a spacecraft’s launch. SRBs deliver additional lift-off force, enabling the vehicle to overcome Earth’s gravity and reach the desired velocity and altitude. They are commonly used in launch systems such as the space shuttle and various expendable launch vehicles. The main types of solid rocket boosters are reusable and expendable. Reusable solid rocket boosters are designed to be recovered and used again after a launch, typically by being detached from the main vehicle and retrieved for refurbishment. It has various propellant types, including composite propellant, double-base propellant, and others. It is used for various applications, which include space launch vehicles, military applications, research and development, and commercial launches for varied end users such as government, the private sector, defense contractors, and space agencies.

What Is The Solid Rocket Booster Market Growth Forecast?

The solid rocket booster market size is expected to see strong growth in the next few years. It will grow to $4.91 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to expansion of commercial and government space launch programs increasing demand for high-thrust boosters, innovation in reusable booster technologies reducing lifecycle costs and improving performance, advancements in automated booster assembly improving manufacturing precision, rising investment in heavy-lift launch vehicles requiring more powerful and scalable srb configurations, development of environmentally improved solid propellants supporting sustainability and regulatory compliance. Major trends in the forecast period include advancements in high-energy composite propellants, expansion of commercial launch providers, increasing shift toward reusable booster architectures, rising demand for precision thrust vector control technologies, growing government investment in national space programs.

What Is Driver Of The Solid Rocket Booster Market?

The increasing space exploration is expected to propel the growth of the solid rocket booster market going forward. Space exploration refers to government and private operations outside Earth’s atmosphere, such as satellite deployments, lunar missions, and interplanetary voyages that require sophisticated propulsion systems. The space exploration missions are increasing due to the growing interest in scientific discovery that pushes the boundaries of knowledge and technology. Solid rocket boosters provide powerful initial thrust to launch spacecraft into orbit, overcoming Earth’s gravitational pull in space exploration. For instance, in November 2023, according to the US International Trade Commission, a US-based federal government agency, the number of annual global space launches peaked at 186 in 2022 and increased in 2023 with a total of 197 launches. Therefore, the increasing space exploration is driving the growth of the solid rocket booster industry.

Key Players In The Global Solid Rocket Booster Market

Major companies operating in the solid rocket booster market are The Boeing Company, Lockheed Martin Corporation, RTX Corporation, China Aerospace Science and Technology Corporation, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., Safran S.A., Thales S.A., Space Exploration Technologies Corp., Elbit Systems Ltd., Blue Origin LLC, Rafael Advanced Defense Systems Ltd., ArianeGroup SAS, Korea Aerospace Industries Ltd., Defence Research and Development Organisation, Sierra Nevada Corporation, Nammo AS, General Dynamics Ordnance and Tactical Systems Inc., United Launch Alliance LLC, Avio S.p.A., ISRO Propulsion Complex, Tata Advanced Systems Limited, Antrix Corporation Limited.

Global Solid Rocket Booster Market Trends and Insights

Major companies operating in the Solid Rocket Booster market are focusing on developing innovative solutions such as the next-generation Vulcan rocket to enhance launch efficiency, increase payload capacity, and improve overall mission reliability for commercial and defense space operations. The next-generation Vulcan rocket refers to a heavy-lift launch vehicle developed by United Launch Alliance (ULA) that incorporates advanced solid rocket boosters, a reusable first-stage engine system, and expanded payload capabilities to deliver superior performance, cost efficiency, and mission flexibility for space launches. For instance, in August 2025, the United Launch Alliance (ULA), a US-based launch services provider, successfully launched the USSF-106 mission for the United States Space Force using the Vulcan rocket equipped with advanced solid rocket boosters. The mission placed the Navigation Technology Satellite-3 (NTS-3) and a classified payload into geosynchronous orbit for the U.S. Space Force. NTS-3 is an advanced navigation satellite designed to test resilient, reprogrammable signals, electronically steerable antennas, and next-generation timekeeping technologies to enhance satellite navigation accuracy and resistance to interference. This mission marked the first national security space launch utilizing the Vulcan rocket, demonstrating its capability to support critical defense operations and reduce U.S. dependence on foreign engines, thereby strengthening national space security.

What Are Latest Mergers And Acquisitions In The Solid Rocket Booster Market? MBDA Acquired Roxel To Boost Missile Production And Solid Propulsion Capabilities

In January 2025, MBDA, a France-based missile manufacturing company, acquired Roxel for an undisclosed amount. This strategic acquisition is aimed at enhancing MBDA’s missile production capacity amid growing global demand for advanced tactical weaponry. Roxel is a France-based company that specializes in solid rocket boosters (SRB), solid rocket motors, solid propulsion systems, and related equipment.

What Defines the Solid Rocket Booster Market?

The solid rocket booster market includes sales of assembled boosters, solid propellants, booster casings, nozzles, ignition systems, and thrust vector 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 Solid Rocket Booster Market Report 2026?

The solid rocket booster 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 solid rocket booster 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.