Solid Rocket Motors Market Report 2026

Solid Rocket Motors Market Overview

• Solid Rocket Motors market size has reached to $6.43 billion in 2025 • Expected to grow to $9.57 billion in 2030 at a compound annual growth rate (CAGR) of 8.3% • Growth Driver: The Increasing Demand From Defense Systems Is Fueling The Market Growth Due To The Need For Advanced Missile Technology And High-Performance Propulsion Systems. • Market Trend: Advancements In Solid Rocket Motors For Next-Generation Defense And Space Missions • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Solid Rocket Motors Market?

Solid Rocket Motors (SRMs) are propulsion devices that use solid propellants to produce thrust, typically consisting of a mixture of fuel and oxidizer. They are widely used in space exploration, military applications, and satellite launches due to their simplicity, reliability, and high thrust-to-weight ratio. The main product types of solid rocket motors include missiles, rocket artillery, and space launch vehicles. Missiles are precision-guided weapons powered by rocket motors, designed to deliver explosive payloads to distant targets from various launch platforms. The main components include propellants, nozzles, igniters, and motor casings. These motors are used by various end users, such as government and defense organizations, as well as commercial operators.

What Is The Solid Rocket Motors Market Growth Forecast?

The solid rocket motors market size is expected to see strong growth in the next few years. It will grow to $9.57 billion in 2030 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to rising demand for high-thrust solid rocket motors in commercial and defense space missions, focus on environmentally safer and high-efficiency propellants, integration of advanced control thrusters and guidance systems, expansion of production capacities to support growing satellite and launch vehicle programs, development of modular and reusable solid rocket booster technologies. Major trends in the forecast period include advanced solid propellant formulations, lightweight composite motor casings, increased adoption in commercial space launches, enhanced reliability and shelf-life improvements, growth in defense modernization programs.

Global Solid Rocket Motors Market Segmentation

1) By Product Type: Missiles, Rocket Artillery, Space Launch Vehicles 2) By Component: Propellants, Nozzles, Igniters, Motor Casing 3) By End User: Government And Defense, Commercial Operators Subsegments: 1) By Missiles: Air-To-Air Missiles, Surface-To-Air Missiles, Surface-To-Surface Missiles, Anti-Ship Missiles, Anti-Tank Missiles 2) By Rocket Artillery: Tactical Rockets, Long-Range Rockets, Short-Range Rockets, Multiple Launch Rocket Systems (MLRS) 3) By Space Launch Vehicles: Small-Lift Launch Vehicles, Medium-Lift Launch Vehicles, Heavy-Lift Launch Vehicles, Reusable Launch Vehicles

What Is Driver Of The Solid Rocket Motors Market?

The increasing demand for defense systems is expected to propel the growth of the solid rocket motors market going forward. Defense systems refer to integrated technologies, equipment, and strategies to protect a nation or organization from threats such as military attacks, cyber intrusions, or missile strikes. The increasing demand for solid rocket motors in defense systems is primarily due to the rising need for advanced surveillance, as modern defense strategies rely heavily on real-time intelligence, monitoring, and situational awareness to ensure national security and military effectiveness. Solid rocket motors are integral to defense systems, offering high thrust, reliability, and versatility, enabling advanced missile technology for precise and rapid deployment in various combat scenarios For instance, in December 2023, according to the House of Commons Library, a UK-based library, in the 2023/24 fiscal year, the UK Ministry of Defence allocated £37.6 billion ($50.2 billion) to UK and foreign organizations, including defence suppliers and intermediate bodies. This represents a nominal increase of £4.6 billion ($6.1 billion) from the previous year. Therefore, the increasing demand for defense systems is driving the growth of the solid rocket motors industry.

Key Players In The Global Solid Rocket Motors Market

Major companies operating in the solid rocket motors market are Avio S.p.A., Black Sky Industries Ltd, Bayern-Chemie GmbH, China Aerospace Science and Technology Corporation, Mitsubishi Heavy Industries Ltd., BAE Systems plc, L3Harris Technologies Inc., IHI Corporation, MBDA Incorporated, Aerojet Rocketdyne Holdings Inc., NOF Corporation, Kratos Defense & Security Solutions Inc., Nammo AS, Anduril Industries Inc., Ultramet, EDePro d.o.o., Estes Energetics LLC, Evolution Space Inc., Firehawk Aerospace Inc., Advanced Structural Technologies Inc., X-Bow Systems Inc., Spacefields Private Limited

Global Solid Rocket Motors Market Trends and Insights

Major companies operating in the solid rocket motors market are focusing on developing advanced propulsion systems with enhanced performance to support next-generation defense and space missions. Advanced propulsion systems refer to next-generation technologies designed to improve rocket engine thrust, efficiency, and structural performance. These systems help solid rocket motors by increasing payload capacity, reducing weight with composite materials, and enhancing reliability for defense and space applications. For instance, in March 2025, L3Harris Technologies Inc., a US-based defense contact company, introduced its advanced eSR-19 solid rocket motor with a lighter filament-wound composite case to enhance performance. During the missile defense agency's stellar banshee test, the motor powered the first and second stages of an air-launched medium-range ballistic Missile (MRBM). Launched from a C-17 aircraft, the USS Pinckney tracked the missile using an upgraded Standard Missile 6 system. This marked L3Harris' 39th launch in support of U.S. missile defense efforts. The development reflects a growing industry focus on next-generation propulsion systems to address evolving defense and space mission requirements.

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

In June 2023, Anduril Industries, Inc., a US-based defense technology 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 specializing in providing solid rocket motors and fuel.

Regional Insights

North America was the largest region in the solid rocket motors 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 Solid Rocket Motors Market?

The solid rocket motors market consists of sales of products including boosters, strap-on boosters, propellant, nozzles, and control thrusters. 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 Motors Market Report 2026?

The solid rocket motors 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 motors 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.