The global market for Solid Rocket Motors was valued at US$ 823 million in the year 2024 and is projected to reach a revised size of US$ 1183 million by 2031, growing at a CAGR of 5.2% during the forecast period.
Solid Rocket Motors (SRMs) are a type of rocket engine that use solid propellants to generate thrust. Unlike liquid rocket engines, which rely on the combustion of liquid fuels and oxidizers, solid rocket motors use a solid mixture of fuel and oxidizer that burns in a controlled manner to produce the energy required for propulsion. The combination of fuel and oxidizer in solid propellant is chemically designed to release a large amount of energy when ignited.
North American market for Solid Rocket Motors is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Solid Rocket Motors is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Solid Rocket Motors include Northrop Grumman, Nammo AS, L3Harris Technologies, China Aerospace Science and Technology, IHI Corporation, Rafael Advanced Systems, Kratos Defense & Security Solutions, Anduril Industries, United Launch Alliance, Mitsubishi Heavy Industries, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Solid Rocket Motors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solid Rocket Motors.
The Solid Rocket Motors market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Solid Rocket Motors market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solid Rocket Motors manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Northrop Grumman
Nammo AS
L3Harris Technologies
China Aerospace Science and Technology
IHI Corporation
Rafael Advanced Systems
Kratos Defense & Security Solutions
Anduril Industries
United Launch Alliance
Mitsubishi Heavy Industries
URSA
Avio spa
Roxel Group
NOF Corporation
by Type
Missiles
Rockets
Space Launch Vehicles
by Application
Government and Defense
Commercial
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Solid Rocket Motors manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Solid Rocket Motors by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Solid Rocket Motors in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Solid Rocket Motors Market Overview
1.1 Product Definition
1.2 Solid Rocket Motors by Type
1.2.1 Global Solid Rocket Motors Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Missiles
1.2.3 Rockets
1.2.4 Space Launch Vehicles
1.3 Solid Rocket Motors by Application
1.3.1 Global Solid Rocket Motors Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Government and Defense
1.3.3 Commercial
1.4 Global Market Growth Prospects
1.4.1 Global Solid Rocket Motors Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Solid Rocket Motors Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Solid Rocket Motors Production Estimates and Forecasts (2020-2031)
1.4.4 Global Solid Rocket Motors Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Solid Rocket Motors Production Market Share by Manufacturers (2020-2025)
2.2 Global Solid Rocket Motors Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Solid Rocket Motors, Industry Ranking, 2023 VS 2024
2.4 Global Solid Rocket Motors Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Solid Rocket Motors Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Solid Rocket Motors, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Solid Rocket Motors, Product Offered and Application
2.8 Global Key Manufacturers of Solid Rocket Motors, Date of Enter into This Industry
2.9 Solid Rocket Motors Market Competitive Situation and Trends
2.9.1 Solid Rocket Motors Market Concentration Rate
2.9.2 Global 5 and 10 Largest Solid Rocket Motors Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Solid Rocket Motors Production by Region
3.1 Global Solid Rocket Motors Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Solid Rocket Motors Production Value by Region (2020-2031)
3.2.1 Global Solid Rocket Motors Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Solid Rocket Motors by Region (2026-2031)
3.3 Global Solid Rocket Motors Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Solid Rocket Motors Production Volume by Region (2020-2031)
3.4.1 Global Solid Rocket Motors Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Solid Rocket Motors by Region (2026-2031)
3.5 Global Solid Rocket Motors Market Price Analysis by Region (2020-2025)
3.6 Global Solid Rocket Motors Production and Value, Year-over-Year Growth
3.6.1 North America Solid Rocket Motors Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Solid Rocket Motors Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Solid Rocket Motors Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Solid Rocket Motors Production Value Estimates and Forecasts (2020-2031)
4 Solid Rocket Motors Consumption by Region
4.1 Global Solid Rocket Motors Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Solid Rocket Motors Consumption by Region (2020-2031)
4.2.1 Global Solid Rocket Motors Consumption by Region (2020-2025)
4.2.2 Global Solid Rocket Motors Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Solid Rocket Motors Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Solid Rocket Motors Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Solid Rocket Motors Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Solid Rocket Motors Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Solid Rocket Motors Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Solid Rocket Motors Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Solid Rocket Motors Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Solid Rocket Motors Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Solid Rocket Motors Production by Type (2020-2031)
5.1.1 Global Solid Rocket Motors Production by Type (2020-2025)
5.1.2 Global Solid Rocket Motors Production by Type (2026-2031)
5.1.3 Global Solid Rocket Motors Production Market Share by Type (2020-2031)
5.2 Global Solid Rocket Motors Production Value by Type (2020-2031)
5.2.1 Global Solid Rocket Motors Production Value by Type (2020-2025)
5.2.2 Global Solid Rocket Motors Production Value by Type (2026-2031)
5.2.3 Global Solid Rocket Motors Production Value Market Share by Type (2020-2031)
5.3 Global Solid Rocket Motors Price by Type (2020-2031)
6 Segment by Application
6.1 Global Solid Rocket Motors Production by Application (2020-2031)
6.1.1 Global Solid Rocket Motors Production by Application (2020-2025)
6.1.2 Global Solid Rocket Motors Production by Application (2026-2031)
6.1.3 Global Solid Rocket Motors Production Market Share by Application (2020-2031)
6.2 Global Solid Rocket Motors Production Value by Application (2020-2031)
6.2.1 Global Solid Rocket Motors Production Value by Application (2020-2025)
6.2.2 Global Solid Rocket Motors Production Value by Application (2026-2031)
6.2.3 Global Solid Rocket Motors Production Value Market Share by Application (2020-2031)
6.3 Global Solid Rocket Motors Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Northrop Grumman
7.1.1 Northrop Grumman Solid Rocket Motors Company Information
7.1.2 Northrop Grumman Solid Rocket Motors Product Portfolio
7.1.3 Northrop Grumman Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Northrop Grumman Main Business and Markets Served
7.1.5 Northrop Grumman Recent Developments/Updates
7.2 Nammo AS
7.2.1 Nammo AS Solid Rocket Motors Company Information
7.2.2 Nammo AS Solid Rocket Motors Product Portfolio
7.2.3 Nammo AS Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Nammo AS Main Business and Markets Served
7.2.5 Nammo AS Recent Developments/Updates
7.3 L3Harris Technologies
7.3.1 L3Harris Technologies Solid Rocket Motors Company Information
7.3.2 L3Harris Technologies Solid Rocket Motors Product Portfolio
7.3.3 L3Harris Technologies Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.3.4 L3Harris Technologies Main Business and Markets Served
7.3.5 L3Harris Technologies Recent Developments/Updates
7.4 China Aerospace Science and Technology
7.4.1 China Aerospace Science and Technology Solid Rocket Motors Company Information
7.4.2 China Aerospace Science and Technology Solid Rocket Motors Product Portfolio
7.4.3 China Aerospace Science and Technology Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.4.4 China Aerospace Science and Technology Main Business and Markets Served
7.4.5 China Aerospace Science and Technology Recent Developments/Updates
7.5 IHI Corporation
7.5.1 IHI Corporation Solid Rocket Motors Company Information
7.5.2 IHI Corporation Solid Rocket Motors Product Portfolio
7.5.3 IHI Corporation Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.5.4 IHI Corporation Main Business and Markets Served
7.5.5 IHI Corporation Recent Developments/Updates
7.6 Rafael Advanced Systems
7.6.1 Rafael Advanced Systems Solid Rocket Motors Company Information
7.6.2 Rafael Advanced Systems Solid Rocket Motors Product Portfolio
7.6.3 Rafael Advanced Systems Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Rafael Advanced Systems Main Business and Markets Served
7.6.5 Rafael Advanced Systems Recent Developments/Updates
7.7 Kratos Defense & Security Solutions
7.7.1 Kratos Defense & Security Solutions Solid Rocket Motors Company Information
7.7.2 Kratos Defense & Security Solutions Solid Rocket Motors Product Portfolio
7.7.3 Kratos Defense & Security Solutions Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Kratos Defense & Security Solutions Main Business and Markets Served
7.7.5 Kratos Defense & Security Solutions Recent Developments/Updates
7.8 Anduril Industries
7.8.1 Anduril Industries Solid Rocket Motors Company Information
7.8.2 Anduril Industries Solid Rocket Motors Product Portfolio
7.8.3 Anduril Industries Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Anduril Industries Main Business and Markets Served
7.8.5 Anduril Industries Recent Developments/Updates
7.9 United Launch Alliance
7.9.1 United Launch Alliance Solid Rocket Motors Company Information
7.9.2 United Launch Alliance Solid Rocket Motors Product Portfolio
7.9.3 United Launch Alliance Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.9.4 United Launch Alliance Main Business and Markets Served
7.9.5 United Launch Alliance Recent Developments/Updates
7.10 Mitsubishi Heavy Industries
7.10.1 Mitsubishi Heavy Industries Solid Rocket Motors Company Information
7.10.2 Mitsubishi Heavy Industries Solid Rocket Motors Product Portfolio
7.10.3 Mitsubishi Heavy Industries Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Mitsubishi Heavy Industries Main Business and Markets Served
7.10.5 Mitsubishi Heavy Industries Recent Developments/Updates
7.11 URSA
7.11.1 URSA Solid Rocket Motors Company Information
7.11.2 URSA Solid Rocket Motors Product Portfolio
7.11.3 URSA Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.11.4 URSA Main Business and Markets Served
7.11.5 URSA Recent Developments/Updates
7.12 Avio spa
7.12.1 Avio spa Solid Rocket Motors Company Information
7.12.2 Avio spa Solid Rocket Motors Product Portfolio
7.12.3 Avio spa Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Avio spa Main Business and Markets Served
7.12.5 Avio spa Recent Developments/Updates
7.13 Roxel Group
7.13.1 Roxel Group Solid Rocket Motors Company Information
7.13.2 Roxel Group Solid Rocket Motors Product Portfolio
7.13.3 Roxel Group Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Roxel Group Main Business and Markets Served
7.13.5 Roxel Group Recent Developments/Updates
7.14 NOF Corporation
7.14.1 NOF Corporation Solid Rocket Motors Company Information
7.14.2 NOF Corporation Solid Rocket Motors Product Portfolio
7.14.3 NOF Corporation Solid Rocket Motors Production, Value, Price and Gross Margin (2020-2025)
7.14.4 NOF Corporation Main Business and Markets Served
7.14.5 NOF Corporation Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Solid Rocket Motors Industry Chain Analysis
8.2 Solid Rocket Motors Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Solid Rocket Motors Production Mode & Process Analysis
8.4 Solid Rocket Motors Sales and Marketing
8.4.1 Solid Rocket Motors Sales Channels
8.4.2 Solid Rocket Motors Distributors
8.5 Solid Rocket Motors Customer Analysis
9 Solid Rocket Motors Market Dynamics
9.1 Solid Rocket Motors Industry Trends
9.2 Solid Rocket Motors Market Drivers
9.3 Solid Rocket Motors Market Challenges
9.4 Solid Rocket Motors Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Northrop Grumman
Nammo AS
L3Harris Technologies
China Aerospace Science and Technology
IHI Corporation
Rafael Advanced Systems
Kratos Defense & Security Solutions
Anduril Industries
United Launch Alliance
Mitsubishi Heavy Industries
URSA
Avio spa
Roxel Group
NOF Corporation
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*If Applicable.