Rocket Solid Propulsion Market Report 2026

The rocket solid propulsion market size has grown steadily in recent years. It will grow from $307.91 billion in 2025 to $320.61 billion in 2026 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to widespread use of solid propellants in military and space rockets, advancements in grain formulation and combustion stability, expansion of defense and space research programs, development of reliable ignition and control systems, increased production of solid propulsion motors for tactical and strategic applications.

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.

The increasing number of satellite launches is expected to drive the growth of the rocket solid propulsion market in the coming years. Satellite launches involve sending artificial satellites into space for applications such as communication, navigation, scientific research, and Earth observation. This rise in launch activity is largely fueled by the growing need for enhanced communication capabilities, as satellites improve global connectivity and support faster, more reliable data transmission for internet, television, and telecommunications - especially in remote or underserved regions. Solid rocket propulsion plays a critical role in satellite deployment by providing the necessary thrust, stability, and reliability required to accurately position satellites into their designated orbits. For example, according to the Government Accountability Office, a U.S.-based government agency, as of spring 2022, nearly 5,500 active satellites were in orbit, with projections indicating that an additional 58,000 could be launched by 2030. Therefore, the increasing volume of satellite launches is contributing significantly to the expansion of the rocket solid propulsion market.

Major companies in the rocket solid propulsion market are advancing innovative products such as solid propellant rockets to improve launch efficiency and reduce mission costs. A solid propellant rocket uses a pre-mixed solid fuel and oxidizer packed into the combustion chamber, which ignites to generate thrust during launch. 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. This achievement demonstrated enhanced launch efficiency and lower mission costs enabled by solid propulsion technology. The flight was the second mission for Lijian‑1, highlighting the growing reliability and maturity of its propulsion system. The rocket incorporated breakthroughs in six key technologies and utilized 13 domestic innovations for the first time, underscoring China’s progress in solid carrier rocket development.

In June 2023, Anduril Industries Inc., a U.S.-based defense and space manufacturing company, acquired Adranos for an undisclosed amount. This acquisition is intended to strengthen the U.S. solid rocket motor supply base by fostering competition, expanding the industrial supply chain, and accelerating the development and production of advanced solid propulsion systems for defense applications. Adranos Inc. is a U.S.-based manufacturer specializing in solid rocket motors and solid rocket propulsion technologies.

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.

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 the rocket solid propulsion market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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.

Tariffs have increased manufacturing costs in the rocket solid propulsion market by raising prices for imported materials such as composite casings, propellant chemicals, and precision ignition components, leading to delays in supply chains and higher procurement budgets. Defense and commercial launch operators in major aerospace regions including North America, Europe, and Asia-Pacific are the most affected. However, tariffs have also encouraged regional manufacturing expansion, fostering domestic supply chain development and technological self-reliance for solid propulsion systems.

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.

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.

The countries covered in the rocket solid propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, 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.

This product will be delivered within 1-3 business days.