Solid Rocket Booster Global Market Report 2026

A solid rocket booster (SRB) is a large rocket component that utilizes solid propellant to generate powerful thrust, primarily assisting the main engines during the initial stage of a spacecraft's launch. SRBs provide extra lift-off force, helping the vehicle overcome Earth's gravity and achieve the necessary velocity and altitude. They are commonly employed in launch systems like the space shuttle and various expendable launch vehicles.

The main categories of solid rocket boosters include reusable and expendable types. Reusable SRBs are engineered to be recovered and reused after launch, usually by detaching from the main vehicle and undergoing refurbishment. These boosters use different types of propellants, such as composite propellant, double-base propellant, and others. Their applications span space launch vehicles, military uses, research and development, and commercial launches, serving diverse end users including government bodies, private companies, defense contractors, and space agencies.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on aerospace-grade metals, solid propellant chemicals, and high-precision mechanical components have increased production costs and extended lead times across the solid rocket booster market, particularly affecting segments such as reusable booster systems, composite propellant manufacturing, and expendable military boosters. Regions dependent on imported alloys such as Europe and Asia-Pacific face the highest impact due to disrupted supply chains and elevated procurement costs. While these tariffs pressure global suppliers, they also encourage domestic manufacturing expansion, stimulate local sourcing of casings and nozzles, and drive investment into vertically integrated booster production capabilities.

The solid rocket boosters market research report is one of a series of new reports from The Business Research Company that provides solid rocket boosters market statistics, including solid rocket boosters industry global market size, regional shares, competitors with a solid rocket boosters market share, detailed solid rocket boosters market segments, market trends and opportunities, and any further data you may need to thrive in the solid rocket boosters industry. This solid rocket boosters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The solid rocket booster market size has grown strongly in recent years. It will grow from $3.56 billion in 2025 to $3.8 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increasing use of solid rocket boosters to provide high initial thrust in major launch systems, development of advanced solid propellant formulations improving energy density and burn stability, introduction of durable booster casings enabling higher structural resilience, advancements in nozzle design enhancing thrust efficiency and thermal resistance, adoption of thrust vector control systems improving launch vehicle steering capability.

The solid rocket booster market size is expected to see strong growth in the next few years. It will grow to $4.91 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to expansion of commercial and government space launch programs increasing demand for high-thrust boosters, innovation in reusable booster technologies reducing lifecycle costs and improving performance, advancements in automated booster assembly improving manufacturing precision, rising investment in heavy-lift launch vehicles requiring more powerful and scalable srb configurations, development of environmentally improved solid propellants supporting sustainability and regulatory compliance. Major trends in the forecast period include advancements in high-energy composite propellants, expansion of commercial launch providers, increasing shift toward reusable booster architectures, rising demand for precision thrust vector control technologies, growing government investment in national space programs.

The growth of the solid rocket booster market is expected to be driven by the increasing space exploration activities. Space exploration involves government and private missions beyond Earth's atmosphere, including satellite launches, lunar expeditions, and interplanetary travel that require advanced propulsion systems. The rise in space exploration is fueled by heightened interest in scientific discovery, which pushes technological and knowledge frontiers. Solid rocket boosters deliver the powerful initial thrust needed to propel spacecraft into orbit, overcoming Earth's gravity during these missions. For example, in November 2023, the U.S. International Trade Commission reported that global annual space launches peaked at 186 in 2022 and further increased to 197 in 2023. Thus, the expansion of space exploration is boosting the solid rocket booster market.

Leading companies in the solid rocket booster market are focusing on developing innovative solutions such as the next-generation Vulcan rocket to improve launch efficiency, increase payload capacity, and enhance overall mission reliability for both commercial and defense space operations. The next-generation Vulcan rocket is a heavy-lift launch vehicle developed by United Launch Alliance (ULA) that features advanced solid rocket boosters, a reusable first-stage engine system, and expanded payload capabilities to deliver stronger performance, cost efficiency, and mission versatility for space launches. For example, in August 2025, the United Launch Alliance (ULA), a U.S.-based launch services provider, successfully launched the USSF-106 mission for the United States Space Force using the Vulcan rocket equipped with advanced solid rocket boosters. The mission deployed the Navigation Technology Satellite-3 (NTS-3) and a classified payload into geosynchronous orbit for the U.S. Space Force. NTS-3 is an advanced navigation satellite designed to test resilient, reprogrammable signals, electronically steerable antennas, and next-generation timekeeping systems to improve satellite navigation accuracy and resistance to interference. This mission marked the first national security space launch using the Vulcan rocket, demonstrating its ability to support critical defense missions and reduce U.S. reliance on foreign engines, thereby strengthening national space security.

In January 2025, MBDA, a France-based missile manufacturer, acquired Roxel for an undisclosed sum. This strategic acquisition aims to increase MBDA's missile production capacity in response to growing global demand for advanced tactical weapons. Roxel is a France-based company specializing in solid rocket boosters, solid rocket motors, solid propulsion systems, and related technologies.

Major companies operating in the solid rocket booster market are The Boeing Company, Lockheed Martin Corporation, RTX Corporation, China Aerospace Science and Technology Corporation, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., Safran S.A., Thales S.A., Space Exploration Technologies Corp., Elbit Systems Ltd., Blue Origin LLC, Rafael Advanced Defense Systems Ltd., ArianeGroup SAS, Korea Aerospace Industries Ltd., Defence Research and Development Organisation, Sierra Nevada Corporation, Nammo AS, General Dynamics Ordnance and Tactical Systems Inc., United Launch Alliance LLC, Avio S.p.A., ISRO Propulsion Complex, Tata Advanced Systems Limited, Antrix Corporation Limited.

North America was the largest region in the solid rocket booster market in 2025. The regions covered in the solid rocket booster market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the solid rocket booster market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The solid rocket booster market includes sales of assembled boosters, solid propellants, booster casings, nozzles, ignition systems, and thrust vector control systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Solid Rocket Booster Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses solid rocket booster market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for solid rocket booster ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The solid rocket booster market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Reusable; Expendable
• 2) By Propellant Type: Composite Propellant; Double-Base Propellant; Other Propellants
• 3) By Application: Space Launch Vehicles; Military Applications; Research And Development; Commercial Launches
• 4) By End-User: Government; Private Sector; Defense Contractors; Space Agencies
• Subsegments:
• 1) By Reusable: Space Shuttle Boosters; Space Launch System Boosters; Commercial Reusable Boosters; Military Reusable Boosters
• 2) By Expendable: Satellite Launch Boosters; Ballistic Missile Boosters; Interplanetary Mission Boosters; Tactical Missile Boosters
• Companies Mentioned: The Boeing Company; Lockheed Martin Corporation; RTX Corporation; China Aerospace Science and Technology Corporation; Northrop Grumman Corporation; Mitsubishi Heavy Industries Ltd.; Safran S.A.; Thales S.A.; Space Exploration Technologies Corp.; Elbit Systems Ltd.; Blue Origin LLC; Rafael Advanced Defense Systems Ltd.; ArianeGroup SAS; Korea Aerospace Industries Ltd.; Defence Research and Development Organisation; Sierra Nevada Corporation; Nammo AS; General Dynamics Ordnance and Tactical Systems Inc.; United Launch Alliance LLC; Avio S.p.A.; ISRO Propulsion Complex; Tata Advanced Systems Limited; Antrix Corporation Limited.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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