Solid Rocket Motors Market 2025 – Strategic Data for Aerospace & Defense Expansion

 This report is designed for companies and decision-makers seeking actionable insights on market size, growth, trends, and competitive strategies to drive expansion and success in the Solid Rocket Motors industry.

What is the anticipated market size of the solid rocket motors industry over the next few years?
The solid rocket motors market size has grown strongly in recent years. It will grow from $5.95 billion in 2024 to $6.47 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing demand for space exploration, growing military applications, growing budget allocations for space programs, growing demand for satellite launch services, and increasing numbers of space missions.

The solid rocket motors market size is expected to see strong growth in the next few years. It will grow to $8.91 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to the growing miniaturization of aerospace technology, growing demand for high-energy propulsion, rising focus on long-term space missions, rising geopolitical tensions, and growing demand for hypersonic weapons systems. Major trends in the forecast period include developing high-thrust solid boosters, integration into multi-stage launch vehicles, integration into rapid-response military platforms, innovation in case-bonding techniques, and innovation in nozzle design for thrust vectoring.

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What emerging drivers are expected to shape the future 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 UK Parliament's House of Commons Library, a UK-based government administration, in 2022, the UK secured defense contracts totaling £12.0 billion (approximately USD 15.0 billion) in real terms, marking an increase of £4.6 billion (approximately USD 5.8 billion) compared to the previous year. Therefore, the increasing demand for defense systems is driving the growth of the solid rocket motors market.

What emerging segments are shaping the future landscape of the solid rocket motors industry?
The solid rocket motors market covered in this report is segmented –

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

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What are the top market trends driving innovation in the solid rocket motors industry?
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.

How are key players in the solid rocket motors market strengthening their market position?
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., Karman Holdings Inc., URSA Space Systems 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

Which geographic areas are contributing significantly to the growth of the solid rocket motors sector?
North America was the largest region in the solid rocket motors market in 2024. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Can Companies Use The Solid Rocket Motors Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.

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