Solid Rocket Engine Research: CAGR of 4.6% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Solid Rocket Engine- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Solid Rocket Engine market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Solid Rocket Engine was estimated to be worth US$ 8,714.6 million in 2024 and is forecast to a readjusted size of US$ 12,109.8 million by 2031 with a CAGR of 4.59% during the forecast period 2025-2031.

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Solid Rocket Engine Product Introduction

A solid rocket engine is a type of rocket engine that uses solid propellants-typically a mixture of fuel and oxidizer-packed into a rigid casing. Once ignited, the propellant burns to produce high-pressure gas, which is expelled through a nozzle to generate thrust. Solid rocket motors are known for their simplicity, reliability, and rapid response time, making them ideal for applications such as missiles, launch vehicle boosters, and space propulsion systems.

Solid Rocket Engine Market Summary

According to the new market research report "Global Solid Rocket Engine Market Report 2025-2031", published by QYResearch, the global Solid Rocket Engine market size is projected to reach USD 12.11 billion by 2031, at a CAGR of 4.6% during the forecast period.

Solid Rocket Engine Market Dynamics

Market Drivers:

Defense modernization & missile procurement:Growing defense budgets and modernization programs (tactical missiles, air-defense, ballistic and cruise missiles) keep demand for solid rocket engines high, as solids remain the dominant propulsion choice for many missile classes due to simplicity, storability and rapid launch readiness.

Space access for small payloads:Proliferation of small satellites, defense payloads, and responsive launch concepts supports use of solid-propellant boosters and small launchers where low cost, fast response and simple ground infrastructure are prioritized over maximum performance.

High readiness & logistic advantages:Solid rocket engines can be stored for years with propellant loaded, require minimal pre-launch preparation and support mobile/shipborne platforms, which is critical for second-strike capability, air-defense systems and "launch-on-demand" concepts.

Restraint:

Environmental, safety & regulatory pressure:Solid propellants often use ingredients (e.g., ammonium perchlorate, aluminum powder, energetic binders) that raise concerns around toxicity, emissions and production safety, driving stricter environmental and occupational regulations and increasing compliance costs.

Competition from liquid & reusable systems:In the commercial space market, high-performance liquid engines and reusable launch vehicles are attracting investment and customers, limiting growth of solid-only launchers and putting price pressure on expendable solid stages.

High initial capital & long qualification cycles:Propellant plants, casting facilities, and test infrastructure require large upfront investment, while qualification and certification cycles for strategic and space applications are long and conservative, raising barriers for new entrants and slowing technology turnover.

Opportunity:

Hypersonic weapons & advanced tactical systems:Rapid global investment in hypersonic glide vehicles, air-breathing/scramjet demonstrators and advanced surface-to-air / surface-to-surface missiles opens new demand for high-thrust booster motors, throttleable solids, and advanced grain designs.

Responsive / tactical space launch:Military and government interest in "tactically responsive space" and rapid replacement of damaged satellites favors solid-propellant small launchers and strap-on boosters that can be stored and launched on short notice with minimal infrastructure.

Green & next-generation solid propellants:R&D on perchlorate-free, low-signature, low-toxicity solid propellants and new binders creates room for differentiation and for meeting tighter environmental rules, potentially unlocking new civil and dual-use applications.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Solid Rocket Engine market is segmented as below:
By Company
Rostec
CASC
L3Harris Technologies
Northrop Grumman
Nammo
Avio
Roxel
Anduril
IHI Corporation
Rafael Advanced Defense Systems
Indian Space Research Organisation

Segment by Type
Monolithic
Segmented

Segment by Application
Military
Civilian

Each chapter of the report provides detailed information for readers to further understand the Solid Rocket Engine market:

Chapter 1: Introduces the report scope of the Solid Rocket Engine report, global total market size (valve, volume and price). This chapter also provides 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. (2021-2032)
Chapter 2: Detailed analysis of Solid Rocket Engine manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various Solid Rocket Engine 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. (2021-2032)
Chapter 4: 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.(2021-2032)
Chapter 5: Sales, revenue of Solid Rocket Engine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2021-2032)
Chapter 6: Sales, revenue of Solid Rocket Engine in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Solid Rocket Engine competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Solid Rocket Engine comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Solid Rocket Engine market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Customized Version - Solid Rocket Engine - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Solid Rocket Engine Market Outlook, In‐Depth Analysis & Forecast to 2031
Global Solid Rocket Engine Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Solid Rocket Engine Market Research Report 2025

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