Rocket Solid Propulsion Global Market Report 2025

The rocket solid propulsion market size has grown steadily in recent years. It will grow from $296.61 billion in 2024 to $307.91 billion in 2025 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to rising defense budgets, increasing space exploration efforts, growing geopolitical tensions, growth in satellite launches, and increasing reliance on ICBMs and SLBMs.

The rocket solid propulsion market size is expected to see steady growth in the next few years. It will grow to $361.7 billion in 2029 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to rising demand for small satellite launches, growth in private spaceflight initiatives, increasing adoption of hypersonic missiles, growing investments in space defense systems, and an increase in reusable launch vehicle technologies. Major trends in the forecast period include advanced sensors and control systems, development of green propellants, development of advanced propellant compositions, thermal management innovations, reusability, and propulsion system lifecycle extension.

The forecast of 4.1% growth over the next five years indicates a slight reduction of 0.1% from the previous projection for this market.This marginal decrease is influenced by ongoing tariff-related uncertainties between the U.S. and its trade partners.This is likely to directly affect the US through supply chain disruptions for ammonium perchlorate oxidizers, sourced from key regions such as Ukraine, China, and Israel, which could disrupt solid rocket motor production.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The increasing number of satellite launches is expected to drive the growth of the rocket solid propulsion market. Satellite launches involve sending artificial satellites into space using rockets for purposes such as communication, navigation, research, and earth observation. This surge in launches is largely driven by the growing demand for enhanced communication, as satellites are crucial for improving connectivity and enabling faster, more reliable data transmission for internet, television, and telecommunication services, especially in remote and underserved regions. Rocket solid propulsion plays a vital role in these deployments by providing the necessary thrust and reliability to accurately position satellites in their designated orbits. For example, according to the U.S. Government Accountability Office, as of spring 2022, there were nearly 5,500 active satellites in orbit, with projections indicating an additional 58,000 could be launched by 2030. Thus, the growing number of satellite launches is fueling the expansion of the rocket solid propulsion market.

Key players in the rocket solid propulsion market are focusing on innovative developments such as solid propellant rockets to improve launch efficiency and lower mission costs. A solid propellant rocket uses a pre-mixed combination of fuel and oxidizer in solid form, packed into the combustion chamber and ignited to generate thrust. For instance, in June 2023, Guangzhou Zhongke Aerospace Exploration Technology Co., Ltd., a commercial space launch company based in China, successfully launched its largest solid propellant rocket, Lijian-1. The rocket deployed 26 satellites into orbit in a single mission, showcasing improved launch efficiency and reduced mission costs. This was the second flight of Lijian-1, highlighting the increasing reliability and technological advancement of solid propulsion systems. The rocket integrated breakthroughs in six core technologies and utilized 13 domestic innovations for the first time, demonstrating China's progress in solid carrier rocket development.

In June 2023, Anduril Industries Inc., a U.S.-based defense and space manufacturing firm, acquired Adranos for an undisclosed sum. The acquisition aims to strengthen the U.S. solid rocket motor supply chain by increasing competition, expanding industrial capacity, and accelerating the development and production of vital propulsion systems for defense purposes. Adranos Inc., a U.S.-based manufacturer, specializes in solid rocket motors and solid rocket propulsion systems.

Rocket solid propulsion refers to a propulsion system that uses solid propellant, where the fuel and oxidizer are combined into a solid grain. Upon ignition, the solid propellant burns from the inside out, generating high-pressure gas that is expelled through a nozzle to produce thrust.

The primary types of rocket solid propulsion include boosters, upper stages, and in-space propulsion systems. Boosters are high-thrust rocket engines, typically solid-fueled, that provide the initial thrust to launch a rocket and are discarded once their fuel is exhausted. Rocket types include launch vehicles, spacecraft propulsion, and military rockets, with common propellant types such as ammonium perchlorate composite propellant (APCP), hydroxyl-terminated polybutadiene (HTPB), and polyurethane (PU). These systems are employed in a wide range of applications, including earth observation, navigation, communication, and space exploration, and are used by government agencies, commercial companies, and research institutions.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp increase in U.S. tariffs and resulting trade disputes in spring 2025 are significantly affecting the aerospace and defense sector. Prices for key materials such as titanium, carbon fiber composites, and avionics primarily sourced from international suppliers have surged. Defense contractors, constrained by fixed-price government contracts, are forced to absorb these rising costs. Meanwhile, commercial aerospace companies are encountering resistance from airlines over increased aircraft prices. In addition, customs delays are disrupting already tight production timelines for jets and satellites. In response, the industry is stockpiling essential materials, pursuing import waivers for defense-related goods, and working with allied nations to diversify supply chains.

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

Major players 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., and Thiokol Propulsion.

North America was the largest region in the rocket solid propulsion market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in rocket solid propulsion report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the rocket solid propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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.

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