The Solid Rocket Motors market is valued at USD 6.79 billion in 2024 and is projected to reach USD 10.00 billion by 2029, at a CAGR of 8.1% from 2024 to 2029. Solid rocket motors represent one of the critical sectors within the aerospace and defense industries because they find applications in the high demands for reliable propulsion systems within missiles, space launch vehicles, and military applications. These rocket motors are compact, robust, and highly efficient in thrust delivery and hence highly suited to situations demanding fast response and high performance. These motors use solid propellants, which are pre-mixed and cast into the motor casing, ensuring simplicity, long shelf life, and minimal maintenance.
Solid rocket motors are integral to all tactical and strategic missile systems, from intercontinental ballistic missiles to surface-to-air missiles and cruise missiles. The increasing geopolitical tensions and modernization efforts by the military forces of the world are in turn driving the demand for advanced solid rocket motors that provide greater accuracy, range, and reliability.
In the space sector, solid rocket motors are used widely as boosters in launch vehicles for an initial thrust that allows payloads to reach orbit; their growth has accelerated for satellite constellations, commercial space exploration, and government-led missions.
Changes in materials, green propellants, and additive manufacturing shape the market, enhance motor performance, and reduce costs. The increasing defense and space exploration investments bode well for solid rocket motors around the globe to gain strength during forecast years.
Based on missiles platform, the ballistic missiles segment is projected to register the highest during the forecast period 2024-2029.
Based on missiles platform, the Solid Rocket Motors market has been segmented into Ballistic missile, Cruise missile, other missiles. The ballistic missiles segment is projected to register the second highest CAGR during the forecast period 2024-2029. Ballistic missiles are showing the fastest growth rate in solid rocket motors due to increasing global defense spending and the strategic significance of missile systems in contemporary warfare. Ballistic missiles specifically require solid rocket motors since these provide high thrust, a long range, and high response time. These motors are also quite reliable, require minimum maintenance, and can be safely stored for long periods, making them very suitable for mass immediate deployment in defense situations.
Based on component, propellant segment is to lead the market during the forecast period 2024-2029.
Based on component, the propellant segment in solid rocket motor market is expected to have the highest growth rate due to because they play a critical role in determining the performance, efficiency, and capabilities of rocket motors. As modern aerospace and defense systems continue to evolve, propellant technology becomes the primary source of energy for propulsion. Increased thrust, longer ranges, and higher accuracy for missiles have become the driving factors in solid propellant innovation. Higher burn rates and energy density are the advanced formulations developed with composite propellants for more stringent requirements of the next-generation missiles and space launch vehicles. Innovations thus enhance mission performance by optimizing payload capacity while keeping costs low.
The ever-increasing number of satellite launches and interplanetary missions have necessitated the need for environmentally friendly efficient propellants in the space sector. Low-toxicity and Green solid propellants are turning out to be a major priority for R&D investments in order to reduce emissions while enhancing storability.
The North America market is projected to contribute the 2nd most significant share from 2024 to 2029 in the Solid Rocket Motors market.
North America is to account for the second highest market share in the solid rocket motor market due to advanced aerospace and defense industries, a significant investment by the government, and a strong private sector ecosystem of innovation. The global market is dominated by the United States due to its simultaneous focus on modernizing military and space exploration.
The U.S. Department of Defense heavily depends upon solid rocket motors for nearly all its missile systems, intercontinental ballistic missiles, tactical missiles, and missile defense system such as THAAD (Terminal High Altitude Area Defense) and Patriot System. The Ground-Based Strategic Deterrent (GBSD), which is replacing aged Minuteman III intercontinental ballistic missiles, is such a program that depicts the commitment of the country to upgrade its solid-propelled arsenal. These efforts are encouraged by big defense contractors like Northrop Grumman and Aerojet Rocketdyne, who continue to invest in the cutting-edge solid rocket motor technologies.
A primary driver of solid rocket motor demand in space exploration is NASA's Artemis program. The Space Launch System (SLS), designed to take the Artemis mission to the Moon and farther, utilizes advanced solid rocket boosters to provide needed thrust at liftoff. Other private companies also have their contributions in place by incorporating solid rocket motors into hybrid propulsion systems for other specific applications.
The break-up of the profile of primary participants in the Solid Rocket Motors market:
• By Company Type: Tier 1 – 49%, Tier 2 – 37%, and Tier 3 – 14%
• By Designation: C Level – 55%, Director Level – 27%, and Others – 18%
• By Region: North America – 32%, Europe – 32%, Asia Pacific – 16%, Middle East & Africa – 10%, Latin America – 10%
Major companies profiled in the report include Northrop Grumman (US), Nammo AS (Norway), China Aerospace and Technology corporation (China), IHI Corporation (Japan), Rafael Advanced Defense Systems Ltd ( France), Kratos Defense & Security Solutions ( US), Anduril Industries (US), United Launch Alliance (US), Mitsubishi Heavy Industries Ltd. (Japan), URSA Major Technologies Inc (US), Avio spa (Italy), Roxel Group (France), NOF Corporation ( Japan), among others.
Research Coverage:
This market study covers the Solid Rocket Motors market across various segments and subsegments. It aims to estimate this market's size and growth potential across different parts based on Platform (Missiles, Rocket Artillery, Launch Vehicles) Component ( Propellant, Nozzle, Igniter, Motor Casing, Others), End User ( Government & Defense, Commercial) and Region (North America, Europe, Asia Pacific, Middle East, Rest of the World).
This study also includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies they adopted.
Reasons to buy this report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Solid Rocket Motors market. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market Drivers (Increasing Space Missions by Government and Private Organizations, Increasing Adoption of Solid Rocket Motors for Defense Platforms and Applications, Rising Strategic Investments in Advanced SRM Manufacturing to Strengthen National Security), Restraints ( High Development Cost, Complex Government Frameworks and Stringent Policies) , Challenges (Innovations In Reusable Solid Rocket Motor (RSRM) For Robust Performance By Launch Vehicles In Critical Aerospace Missions, Expanding Space Exploration and Green Propulsion Adoption Drive Growth Opportunities in Solid Rocket Motor Markets) , and opportunities (Regulatory Hurdles due to Dual-Use Technology, Export Restrictions, and Environmental Compliance Impacting Production and R&D , Supply Chain Management Issues).
The report provides insights on the following pointers:
Rising demand for ballistic missile systems and growing space launches to drive the market.
.
• Market Penetration: Comprehensive information on Solid Rocket Motors offered by the top players in the market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Solid Rocket Motors market
• Market Development: Comprehensive information about lucrative markets – the report analyses the Solid Rocket Motors market across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Solid Rocket Motors market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the Solid Rocket Motors market
圖表清單 List of Tables & Figures
TABLE 1 INCLUSIONS AND EXCLUSIONS 26
TABLE 2 USD EXCHANGE RATES, 2019–2023 27
TABLE 3 SPACE LAUNCH VEHICLES AND MISSILES AND THEIR RESPECTIVE SOLID
ROCKET MOTORS 45
TABLE 4 SOLID ROCKET MOTORS IN DEFENSE APPLICATIONS 46
TABLE 5 MAIN BARRIERS TO COPERNICUS PROJECT 48
TABLE 6 INDICATIVE PRICING ANALYSIS OF SOLID ROCKET MOTORS, BY PLATFORM,
2023 (USD MILLION) 52
TABLE 7 SOLID ROCKET MOTORS MARKET: ROLE OF COMPANIES IN ECOSYSTEM 54
TABLE 8 IMPORT DATA FOR HS CODE 841280-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2023 (USD THOUSAND) 58
TABLE 9 EXPORT DATA FOR HS CODE 841280-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2023 (USD THOUSAND) 59
TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 60
TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 60
TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 61
TABLE 13 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62
TABLE 14 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62
TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PLATFORM (%) 64
TABLE 16 KEY BUYING CRITERIA, BY PLATFORM 65
TABLE 17 KEY CONFERENCES AND EVENTS, 2025 66
TABLE 18 BALLISTIC MISSILE INVENTORY, BY KEY COUNTRY, 2023 67
TABLE 19 SPACE LAUNCH VEHICLES UTILIZING SOLID ROCKET MOTORS,
BY KEY COUNTRY, 2023 69
TABLE 20 COMPARISON BETWEEN BUSINESS MODELS 73
TABLE 21 BILL OF MATERIALS ANALYSIS FOR SOLID ROCKET MOTORS 73
TABLE 22 LIST OF MAJOR PATENTS IN SOLID ROCKET MOTORS MARKET, 2020–2024 87
TABLE 23 SOLID ROCKET MOTORS MARKET, BY PLATFORM, 2020–2023 (USD MILLION) 91
TABLE 24 SOLID ROCKET MOTORS MARKET, BY PLATFORM, 2024–2029 (USD MILLION) 92
TABLE 25 SOLID ROCKET MOTORS MARKET, BY PLATFORM, 2020–2023 (UNITS) 92
TABLE 26 SOLID ROCKET MOTORS MARKET, BY PLATFORM, 2024–2029 (UNITS) 92
TABLE 27 COMPETITIVE ANALYSIS OF SOLID AND LIQUID ROCKET MOTOR APPLICATIONS 92
TABLE 28 SOLID ROCKET MOTORS MARKET, BY MISSILE, 2020–2023 (USD MILLION) 94
TABLE 29 SOLID ROCKET MOTORS MARKET, BY MISSILE, 2024–2029 (USD MILLION) 94
TABLE 30 SOLID ROCKET MOTORS USED IN MISSILES 95
TABLE 31 USE OF SOLID ROCKET MOTORS IN GMLRS 98
TABLE 32 SOLID ROCKET MOTORS MARKET, BY SPACE LAUNCH VEHICLE,
2020–2023 (USD MILLION) 99
TABLE 33 SOLID ROCKET MOTORS MARKET, BY SPACE LAUNCH VEHICLE,
2024–2029 (USD MILLION) 99
TABLE 34 USE OF SOLID ROCKET MOTORS IN PSLVS 100
TABLE 35 SOLID ROCKET MOTORS MARKET, BY END USER, 2020–2023 (USD MILLION) 103
TABLE 36 SOLID ROCKET MOTORS MARKET, BY END USER, 2024–2029 (USD MILLION) 103
TABLE 37 PREFERENCES FOR SOLID ROCKET MOTORS AND KEY SEGMENT DRIVERS 104
TABLE 38 SOLID ROCKET MOTORS MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 107
TABLE 39 SOLID ROCKET MOTORS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 107
TABLE 40 ANALYSIS OF SOLID ROCKET MOTOR PROPELLANTS 109
TABLE 41 COMPARATIVE ANALYSIS OF ROCKET MOTOR NOZZLES MANUFACTURED
BY NORTHROP GRUMMAN 110
TABLE 42 CHARACTERISTICS OF SOLID ROCKET MOTOR IGNITERS MANUFACTURED
BY NAMMO 112
TABLE 43 SOLID ROCKET MOTORS MARKET, BY REGION, 2020–2023 (USD MILLION) 116
TABLE 44 SOLID ROCKET MOTORS MARKET, BY REGION, 2024–2029 (USD MILLION) 117
TABLE 45 NORTH AMERICA: SOLID ROCKET MOTORS MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 119
TABLE 46 NORTH AMERICA: SOLID ROCKET MOTORS MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 120
TABLE 47 NORTH AMERICA: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 120
TABLE 48 NORTH AMERICA: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 120
TABLE 49 NORTH AMERICA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 120
TABLE 50 NORTH AMERICA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 121
TABLE 51 US: SOLID ROCKET MOTORS MARKET, BY END USER, 2020–2023 (USD MILLION) 121
TABLE 52 US: SOLID ROCKET MOTORS MARKET, BY END USER, 2024–2029 (USD MILLION) 122
TABLE 53 US: SOLID ROCKET MOTORS MARKET, BY PLATFORM, 2020–2023 (USD MILLION) 122
TABLE 54 US: SOLID ROCKET MOTORS MARKET, BY PLATFORM, 2024–2029 (USD MILLION) 122
TABLE 55 CANADA: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 123
TABLE 56 CANADA: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 123
TABLE 57 CANADA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 123
TABLE 58 CANADA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 123
TABLE 59 EUROPE: SOLID ROCKET MOTORS MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 126
TABLE 60 EUROPE: SOLID ROCKET MOTORS MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 126
TABLE 61 EUROPE: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 126
TABLE 62 EUROPE: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 126
TABLE 63 EUROPE: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 127
TABLE 64 EUROPE: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 127
TABLE 65 UK: SOLID ROCKET MOTORS MARKET, BY END USER, 2020–2023 (USD MILLION) 127
TABLE 66 UK: SOLID ROCKET MOTORS MARKET, BY END USER, 2024–2029 (USD MILLION) 127
TABLE 67 UK: SOLID ROCKET MOTORS MARKET, BY PLATFORM, 2020–2023 (USD MILLION) 128
TABLE 68 UK: SOLID ROCKET MOTORS MARKET, BY PLATFORM, 2024–2029 (USD MILLION) 128
TABLE 69 RUSSIA: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 128
TABLE 70 RUSSIA: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 129
TABLE 71 RUSSIA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 129
TABLE 72 RUSSIA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 129
TABLE 73 FRANCE: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 130
TABLE 74 FRANCE: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 130
TABLE 75 FRANCE: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 130
TABLE 76 FRANCE: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 130
TABLE 77 GERMANY: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 131
TABLE 78 GERMANY: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 131
TABLE 79 GERMANY: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 131
TABLE 80 GERMANY: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 131
TABLE 81 ITALY: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 132
TABLE 82 ITALY: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 132
TABLE 83 ITALY: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 132
TABLE 84 ITALY: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 132
TABLE 85 ASIA PACIFIC: SOLID ROCKET MOTORS MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 135
TABLE 86 ASIA PACIFIC: SOLID ROCKET MOTORS MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 135
TABLE 87 ASIA PACIFIC: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 135
TABLE 88 ASIA PACIFIC: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 135
TABLE 89 ASIA PACIFIC: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 136
TABLE 90 ASIA PACIFIC: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 136
TABLE 91 CHINA: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 137
TABLE 92 CHINA: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 137
TABLE 93 CHINA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 137
TABLE 94 CHINA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 137
TABLE 95 INDIA: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 138
TABLE 96 INDIA: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 138
TABLE 97 INDIA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 138
TABLE 98 INDIA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 139
TABLE 99 JAPAN: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 139
TABLE 100 JAPAN: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 139
TABLE 101 JAPAN: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 140
TABLE 102 JAPAN: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 140
TABLE 103 SOUTH KOREA: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 140
TABLE 104 SOUTH KOREA: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 141
TABLE 105 SOUTH KOREA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 141
TABLE 106 SOUTH KOREA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 141
TABLE 107 AUSTRALIA: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 142
TABLE 108 AUSTRALIA: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 142
TABLE 109 AUSTRALIA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 142
TABLE 110 AUSTRALIA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 142
TABLE 111 MIDDLE EAST: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 145
TABLE 112 MIDDLE EAST: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 145
TABLE 113 MIDDLE EAST: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 145
TABLE 114 MIDDLE EAST: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 145
TABLE 115 MIDDLE EAST: SOLID ROCKET MOTORS MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 146
TABLE 116 MIDDLE EAST: SOLID ROCKET MOTORS MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 146
TABLE 117 KUWAIT: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 147
TABLE 118 KUWAIT: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 147
TABLE 119 KUWAIT: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 147
TABLE 120 KUWAIT: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 147
TABLE 121 SAUDI ARABIA: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 148
TABLE 122 SAUDI ARABIA: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 148
TABLE 123 SAUDI ARABIA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 148
TABLE 124 SAUDI ARABIA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 149
TABLE 125 REST OF MIDDLE EAST: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 149
TABLE 126 REST OF MIDDLE EAST: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 149
TABLE 127 REST OF MIDDLE EAST: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 150
TABLE 128 REST OF MIDDLE EAST: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 150
TABLE 129 REST OF THE WORLD: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 151
TABLE 130 REST OF THE WORLD: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 152
TABLE 131 REST OF THE WORLD: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 152
TABLE 132 REST OF THE WORLD: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 152
TABLE 133 REST OF THE WORLD: SOLID ROCKET MOTORS MARKET, BY REGION,
2020–2023 (USD MILLION) 152
TABLE 134 REST OF THE WORLD: SOLID ROCKET MOTORS MARKET, BY REGION,
2024–2029 (USD MILLION) 153
TABLE 135 LATIN AMERICA: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 153
TABLE 136 LATIN AMERICA: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 153
TABLE 137 LATIN AMERICA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 154
TABLE 138 LATIN AMERICA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 154
TABLE 139 AFRICA: SOLID ROCKET MOTORS MARKET, BY END USER,
2020–2023 (USD MILLION) 154
TABLE 140 AFRICA: SOLID ROCKET MOTORS MARKET, BY END USER,
2024–2029 (USD MILLION) 155
TABLE 141 AFRICA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2020–2023 (USD MILLION) 155
TABLE 142 AFRICA: SOLID ROCKET MOTORS MARKET, BY PLATFORM,
2024–2029 (USD MILLION) 155
TABLE 143 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 156
TABLE 144 SOLID ROCKET MOTORS MARKET: DEGREE OF COMPETITION 160
TABLE 145 SOLID ROCKET MOTORS MARKET: REGION FOOTPRINT 167
TABLE 146 SOLID ROCKET MOTORS MARKET: PLATFORM FOOTPRINT 168
TABLE 147 SOLID ROCKET MOTORS MARKET: END USER FOOTPRINT 169
TABLE 148 SOLID ROCKET MOTORS MARKET: LIST OF STARTUPS/SMES 172
TABLE 149 SOLID ROCKET MOTORS MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 173
TABLE 150 SOLID ROCKET MOTORS MARKET: PRODUCT LAUNCHES,
JANUARY 2020–SEPTEMBER 2024 174
TABLE 151 SOLID ROCKET MOTORS MARKET: EXPANSIONS, JANUARY 2020–
SEPTEMBER 2024 174
TABLE 152 SOLID ROCKET MOTORS MARKET: DEALS, JANUARY 2020–SEPTEMBER 2024 175
TABLE 153 SOLID ROCKET MOTORS MARKET: OTHER DEVELOPMENTS,
JANUARY 2020– SEPTEMBER 2024 178
TABLE 154 NORTHROP GRUMMAN: COMPANY OVERVIEW 180
TABLE 155 NORTHROP GRUMMAN: PRODUCTS OFFERED 181
TABLE 156 NORTHROP GRUMMAN: PRODUCT LAUNCHES 182
TABLE 157 NORTHROP GRUMMAN: OTHER DEVELOPMENTS 182
TABLE 158 L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW 184
TABLE 159 L3HARRIS TECHNOLOGIES, INC.: PRODUCTS OFFERED 185
TABLE 160 L3HARRIS TECHNOLOGIES, INC.: DEALS 186
TABLE 161 L3HARRIS TECHNOLOGIES, INC.: EXPANSIONS 187
TABLE 162 L3HARRIS TECHNOLOGIES, INC.: OTHER DEVELOPMENTS 187
TABLE 163 CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORPORATION:
COMPANY OVERVIEW 189
TABLE 164 CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORPORATION:
PRODUCTS OFFERED 189
TABLE 165 CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORPORATION:
OTHER DEVELOPMENTS 190
TABLE 166 NAMMO AS: COMPANY OVERVIEW 191
TABLE 167 NAMMO AS: PRODUCTS OFFERED 192
TABLE 168 NAMMO AS: EXPANSIONS 193
TABLE 169 NAMMO AS: OTHER DEVELOPMENTS 193
TABLE 170 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: COMPANY OVERVIEW 195
TABLE 171 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: PRODUCTS OFFERED 196
TABLE 172 IHI CORPORATION: COMPANY OVERVIEW 198
TABLE 173 IHI CORPORATION: PRODUCTS OFFERED 199
TABLE 174 KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: COMPANY OVERVIEW 200
TABLE 175 KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: PRODUCTS OFFERED 201
TABLE 176 KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: OTHER DEVELOPMENTS 201
TABLE 177 ANDURIL INDUSTRIES: COMPANY OVERVIEW 202
TABLE 178 ANDURIL INDUSTRIES: PRODUCTS OFFERED 202
TABLE 179 ANDURIL INDUSTRIES: DEALS 203
TABLE 180 ANDURIL INDUSTRIES: EXPANSIONS 203
TABLE 181 ANDURIL INDUSTRIES: OTHER DEVELOPMENTS 204
TABLE 182 UNITED LAUNCH ALLIANCE LLC: COMPANY OVERVIEW 205
TABLE 183 UNITED LAUNCH ALLIANCE LLC: PRODUCTS OFFERED 205
TABLE 184 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW 206
TABLE 185 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED 207
TABLE 186 XBOW: COMPANY OVERVIEW 208
TABLE 187 XBOW: PRODUCTS OFFERED 208
TABLE 188 XBOW: DEALS 209
TABLE 189 XBOW: OTHER DEVELOPMENTS 209
TABLE 190 URSA MAJOR TECHNOLOGIES INC: COMPANY OVERVIEW 210
TABLE 191 URSA MAJOR TECHNOLOGIES INC: PRODUCTS OFFERED 210
TABLE 192 URSA MAJOR TECHNOLOGIES INC: DEALS 211
TABLE 193 URSA MAJOR TECHNOLOGIES INC: OTHER DEVELOPMENTS 211
TABLE 194 AVIO SPA: COMPANY OVERVIEW 212
TABLE 195 AVIO SPA: PRODUCTS OFFERED 212
TABLE 196 AVIO SPA: DEALS 213
TABLE 197 AVIO SPA: OTHER DEVELOPMENTS 213
TABLE 198 ROXEL GROUP: COMPANY OVERVIEW 214
TABLE 199 ROXEL GROUP: PRODUCTS OFFERED 214
TABLE 200 NOF CORPORATION: COMPANY OVERVIEW 215
TABLE 201 NOF CORPORATION: PRODUCTS OFFERED 216
TABLE 202 BLACK SKY INDUSTRIES: COMPANY OVERVIEW 217
TABLE 203 EVOLUTION SPACE: COMPANY OVERVIEW 217
TABLE 204 ULTRAMET: COMPANY OVERVIEW 218
TABLE 205 KARMAN SPACE & DEFENSE: COMPANY OVERVIEW 219
TABLE 206 ESTES ENERGETICS: COMPANY OVERVIEW 220
TABLE 207 SPACEFIELDS PVT LTD.: COMPANY OVERVIEW 221
TABLE 208 EDEPRO: COMPANY OVERVIEW 222
TABLE 209 ADVANCED STRUCTURAL TECHNOLOGIES: COMPANY OVERVIEW 223
TABLE 210 BAYERN-CHEMIE GMBH: COMPANY OVERVIEW 224
TABLE 211 FIREHAWK AEROSPACE INC.: COMPANY OVERVIEW 225
TABLE 212 SOLID ROCKET MOTORS MARKET: OTHER MAPPED COMPANIES 230
_
FIGURE 1 RESEARCH DESIGN MODEL 28
FIGURE 2 RESEARCH DESIGN 29
FIGURE 3 BOTTOM-UP APPROACH 34
FIGURE 4 TOP-DOWN APPROACH 35
FIGURE 5 DATA TRIANGULATION 36
FIGURE 6 MISSILES SEGMENT TO LEAD MARKET BY 2029 39
FIGURE 7 GOVERNMENT & DEFENSE SEGMENT TO LEAD MARKET BY 2029 40
FIGURE 8 MOTOR CASING SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2029 40
FIGURE 9 ASIA PACIFIC TO BE LARGEST MARKET FOR SOLID ROCKET MOTORS IN 2024 41
FIGURE 10 INCREASING USE OF SOLID ROCKET MOTORS FOR MISSILES AND
ROCKETS TO DRIVE MARKET 42
FIGURE 11 MISSILES SEGMENT TO LEAD MARKET IN 2024 42
FIGURE 12 SOUTH KOREA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 43
FIGURE 13 SOLID ROCKET MOTORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 44
FIGURE 14 INNOVATIVE TECHNOLOGIES FOR SOLID ROCKET MOTORS 49
FIGURE 15 INDICATIVE SELLING PRICE, BY REGION, 2023 (USD MILLION) 51
FIGURE 16 INDICATIVE PRICING ANALYSIS OF SOLID ROCKET MOTORS,
BY PLATFORM, 2023 (USD MILLION) 51
FIGURE 17 VALUE CHAIN ANALYSIS OF SOLID ROCKET MOTORS MARKET 52
FIGURE 18 ECOSYSTEM ANALYSIS OF SOLID ROCKET MOTORS MARKET 54
FIGURE 19 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 57
FIGURE 20 IMPORT DATA FOR HS CODE 841280-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2023 (USD THOUSAND) 58
FIGURE 21 EXPORT DATA FOR HS CODE 841280-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2023 (USD THOUSAND) 59
FIGURE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PLATFORM 64
FIGURE 23 KEY BUYING CRITERIA, BY PLATFORM 65
FIGURE 24 VENTURE CAPITAL DEALS AND INVESTMENT ACTIVITY AMONG STARTUPS FOR SPACE TECH, 2020–2023 (USD BILLION) 66
FIGURE 26 EVOLUTION OF SOLID ROCKET MOTORS 71
FIGURE 27 BUSINESS MODELS OF SOLID ROCKET MOTORS 72
FIGURE 28 BILL OF MATERIALS FOR SOLID ROCKET MOTORS 74
FIGURE 29 NORTH AMERICA, EUROPE, ASIA PACIFIC, MIDDLE EAST: MACROECONOMIC OUTLOOK 75
FIGURE 30 LATIN AMERICA AND AFRICA: MACROECONOMIC OUTLOOK 77
FIGURE 33 TECHNOLOGY TRENDS IN SOLID ROCKET MOTORS MARKET 81
FIGURE 34 SUPPLY CHAIN ANALYSIS OF SOLID ROCKET MOTORS MARKET 85
FIGURE 35 LIST OF MAJOR PATENTS RELATED TO SOLID ROCKET MOTORS 86
FIGURE 36 MISSILES SEGMENT TO LEAD MARKET BY 2029 91
FIGURE 37 COMPETITIVE ANALYSIS OF SOLID AND LIQUID ROCKET MOTOR APPLICATIONS ACROSS PLATFORMS 93
FIGURE 38 GOVERNMENT & DEFENSE SEGMENT TO LEAD MARKET DURING
FORECAST PERIOD 103
FIGURE 39 DEFENSE PROGRAMS FOR SOLID ROCKET MOTORS, BY KEY OEM 104
FIGURE 40 MOTOR CASING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 107
FIGURE 41 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 116
FIGURE 42 NORTH AMERICA: SOLID ROCKET MOTORS MARKET SNAPSHOT 119
FIGURE 43 EUROPE: SOLID ROCKET MOTORS MARKET SNAPSHOT 125
FIGURE 44 ASIA PACIFIC: SOLID ROCKET MOTORS MARKET SNAPSHOT 134
FIGURE 45 MIDDLE EAST: SOLID ROCKET MOTORS MARKET SNAPSHOT 144
FIGURE 46 REST OF THE WORLD: SOLID ROCKET MOTORS MARKET SNAPSHOT 151
FIGURE 47 REVENUE ANALYSIS OF TOP 4 PLAYERS, 2020–2023 (USD BILLION) 159
FIGURE 48 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023 159
FIGURE 49 BRAND/PRODUCT COMPARISON 162
FIGURE 50 FINANCIAL METRICS OF PROMINENT PLAYERS: EV/EBITDA 163
FIGURE 51 VALUATION OF PROMINENT PLAYERS (USD BILLION) 163
FIGURE 52 SOLID ROCKET MOTORS MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2023 165
FIGURE 53 SOLID ROCKET MOTORS MARKET: COMPANY FOOTPRINT 166
FIGURE 54 SOLID ROCKET MOTORS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 171
FIGURE 55 NORTHROP GRUMMAN: COMPANY SNAPSHOT 181
FIGURE 56 L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT 185
FIGURE 57 NAMMO AS: COMPANY SNAPSHOT 192
FIGURE 58 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: COMPANY SNAPSHOT 196
FIGURE 59 IHI CORPORATION: COMPANY SNAPSHOT 199
FIGURE 60 KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: COMPANY SNAPSHOT 200
FIGURE 61 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT 207
FIGURE 62 NOF CORPORATION: COMPANY SNAPSHOT 216