Solid Rocket Motors Market Report 2026

The solid rocket motors market size has grown strongly in recent years. It will grow from $6.43 billion in 2025 to $6.97 billion in 2026 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to extensive use of solid rocket motors in military and space launch programs, advancements in high-energy propellant formulations, growth in satellite deployment and space exploration initiatives, development of reliable ignition and nozzle systems, increased defense and aerospace budget allocations for propulsion systems.

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.

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

Leading companies in the solid rocket motors market are concentrating on developing advanced propulsion systems with improved performance to support next-generation defense and space missions. Advanced propulsion systems are next-generation technologies designed to enhance rocket engine thrust, efficiency, and structural performance. These systems aid solid rocket motors by increasing payload capacity, reducing weight through composite materials, and improving reliability for defense and space applications. For example, in March 2025, L3Harris Technologies Inc., a US-based defense contractor, introduced its advanced eSR-19 solid rocket motor with a lighter filament-wound composite case to boost 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, reflecting the industry’s growing focus on next-generation propulsion systems to meet evolving defense and space mission requirements.

In June 2023, Anduril Industries, Inc., a US-based defense technology company, acquired Adranos for an undisclosed amount. Through this acquisition, Anduril Industries aims to strengthen the U.S. 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 manufacturer specializing in solid rocket motors and fuel.

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.

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 the solid rocket motors 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 on aerospace-grade metals, composite materials, and precision components have increased production costs for solid rocket motors, impacting affordability and delaying procurement projects. Defense and space launch segments in regions dependent on imported manufacturing inputs, such as Asia-Pacific and Europe, are most affected by these cost pressures. However, tariffs are also encouraging localization of supply chains and investments in domestic propellant and motor casing manufacturing, creating opportunities for regional industry growth and strategic independence.

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

Solid Rocket Motors (SRMs) are propulsion systems that utilize solid propellants - typically a blend of fuel and oxidizer - to generate thrust. Known for their simplicity, reliability, and high thrust-to-weight ratio, SRMs are commonly used in space exploration, military operations, and satellite launch missions.

The primary product types of solid rocket motors include missiles, rocket artillery, and space launch vehicles. Missiles are precision-guided weapons powered by rocket motors, engineered to deliver explosive payloads to distant targets from various launch platforms. Key components of SRMs include propellants, nozzles, igniters, and motor casings. These motors are employed by a range of end users, including government and defense agencies, as well as commercial operators.

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

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.

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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