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Solid Rocket Motors Market Size & Forecast

Historic: 2022-2024 Base Year: 2025 Forecast: 2026–2033
US$ 6.71 Billion
Market Size 2025 · Base Year
US$ 13.55 Billion
Projected Market Size by 2033
9.18%
CAGR · 2026–2033
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BMIPUB00038102 56+ Countries Covered 10 Major Companies Profiled PEST & SWOT Analysis Competitive Heat Map
At a Glance

Report Coverage

56 +
Countries
56+ countries across North America, Europe, Asia-Pacific, South and Central America, Middle East and Africa
12
Year Assessment
Comprehensive Market Analysis Covering 3 Years of Historical Data (2022–2024), Base Year (2025), and 8-Year Forecast (2026–2033)
10 +
Major Players
Major companies profiled including Northrop Grumman Corp, Nammo AS, L3Harris Technologies Inc., Anduril, China Aerospace Science and Technology Corporation
350
Report Pages
Pages of deep-dive analysis with PEST, SWOT, competitive heat maps and datasets
What's Fueling Growth

Market Drivers

  • Rising demand for tactical missile propulsion systems

  • Growing space launch programs boost motor requirements

  • Defense modernization increases solid propulsion adoption

Where Growth Opportunities Exist

Key Opportunities

  • Commercial space launches create new propulsion demand

  • Lightweight motor designs can expand launch vehicle applications

  • Emerging nations offer defense propulsion expansion potential

What Could Slow It Down

Market Restraints

  • Strict controls limit solid propellant manufacturing activities

  • Complex production processes require specialized facilities

  • High testing costs constrain smaller propulsion manufacturers

Market Segmentation

Coverage by Segment

Platform

Missiles
Rocket Artillery
Space Launch Vehicle and Boosters

Stage

Single Stage
Multi Stage

Component

Propellant
Igniter
Thruster/Nozzle

End User

Space Agencies
Research Institutes
Defense
Geographic Breakdown

Regional Intelligence

NA North America
EU Europe
APAC Asia-Pacific
SCA South & Central America
MEA Middle East & Africa
Competitive Landscape

Major Market Players

Listed for reference — companies are not ranked in any particular order.

Northrop Grumman Corp
Nammo AS
L3Harris Technologies Inc.
Anduril
China Aerospace Science and Technology Corporation
IHI Corporation
Rafael Advanced Defense Systems Ltd
Avio S.p.A.
Bayern-Chemie
Ursa Major
What's Inside

Report Scope & Deliverables

Market Size 2025 US$ 6.71 Billion
Market Size 2033 US$ 13.55 Billion
CAGR 2026–2033 9.18%
Segments By Platform (Missiles, Rocket Artillery, Space Launch Vehicle and Boosters)  |  By Stage (Single Stage, Multi Stage)  |  By Component (Propellant, Igniter, Thruster/Nozzle)
Geographies North America (US, Canada, Mexico)  ·  Europe (Germany, Italy, France, U.K., Spain, Belgium, Netherlands, Luxembourg, Norway, Finland, Denmark, Sweden, Switzerland, Austria, Greece, Portugal, Russia, Poland, Romania, Czech Republic, Ukraine, Slovakia, Bulgaria)  ·  Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Taiwan, Bangladesh)  ·  South and Central America (Brazil, Argentina, Chile, Colombia, Peru)  ·  Middle East and Africa (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Qatar, Oman, Turkiye, South Africa, Egypt, Nigeria, Algeria)
Deliverables Historical analysis with CAGR · PEST & SWOT analysis · Market Size at Global, Regional, and Country Levels · Competitive heat map · Company profiles · Excel dataset
Report Code BMIPUB00038102
Lead Analyst Dhananjay Pawar — Analyst, Research · View Profile
With Full Report Access

Gain actionable insights with 350 pages of in-depth Solid Rocket Motors Market, including historical trends, 8-year market forecasts, SWOT analysis, competitive landscapes, and downloadable Excel datasets in a single comprehensive package.