固体ロケットモーター市場 – 2029年までの世界予測

Solid Rocket Motors Market - Global Forecast To 2029

固体ロケットモーター市場 - プラットフォーム (ミサイル、ロケット砲、宇宙打ち上げロケット)、エンドユーザー (政府および防衛、商業)、コンポーネント (推進剤、ノズル、点火装置、モーターケーシング) および地域別 - 2029年までの世界予測
Solid Rocket Motors Market by Platform (Missiles, Rocket Artillery, Space Launch Vehicles), End User (Government & Defense, Commercial), Component (Propellants, Nozzle, Igniter, Motor Casing) and Region - Global Forecast to 2029

商品番号 : SMB-71997

出版社MarketsandMarkets
出版年月2025年1月
ページ数233
図表数274
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

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.

固体ロケットモーター市場は、2024年に67億9,000万米ドルと評価され、2024年から2029年までのCAGRは8.1%で、2029年までに100億米ドルに達すると予測されています。

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.

固体ロケットモーターは、ミサイル、宇宙打上げロケット、および軍事用途における信頼性の高い推進システムに対する高い需要に用途があるため、航空宇宙および防衛産業の重要な分野の 1 つです。これらのロケットモーターは、コンパクトで堅牢、推力伝達効率が高いため、高速応答と高性能が要求される状況に非常に適しています。これらのモーターは固体推進剤を使用しており、固体推進剤は事前に混合されてモーター ケーシングに注入されるため、シンプルさ、長い保存寿命、最小限のメンテナンスが保証されます。

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.

固体ロケットモーター市場 - 2029年までの世界予測
solid-rocket-motors-market

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.

固体ロケットモーター市場 - 2029年までの世界予測 region
solid-rocket-motors-market-region

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.

固体ロケットモーター市場 - 2029年までの世界予測 ecosystem
solid-rocket-motors-market-ecosystem

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

Table of Contents

1               INTRODUCTION              24

1.1           STUDY OBJECTIVES       24

1.2           MARKET DEFINITION   24

1.3           STUDY SCOPE   25

1.3.1        MARKET SEGMENTATION           25

1.3.2        INCLUSIONS AND EXCLUSIONS 26

1.3.3        YEARS CONSIDERED      26

1.4           CURRENCY CONSIDERED            26

1.5           STAKEHOLDERS               27

2               RESEARCH METHODOLOGY       28

2.1           RESEARCH DATA              28

2.1.1        SECONDARY DATA          29

2.1.1.1    Key data from secondary sources       30

2.1.2        PRIMARY DATA 30

2.1.2.1    Primary sources    30

2.1.2.2    Key data from primary sources           31

2.1.3        BREAKDOWN OF PRIMARY INTERVIEWS               31

2.2           FACTOR ANALYSIS          32

2.2.1        INTRODUCTION              32

2.2.2        DEMAND-SIDE INDICATORS      32

2.2.3        SUPPLY-SIDE INDICATORS          32

2.3           MARKET SIZE ESTIMATION         33

2.3.1        BOTTOM-UP APPROACH              33

2.3.1.1    Market size estimation methodology (demand side)      33

2.3.1.2    Market size illustration– Indian space launch vehicle market size                 34

2.3.2        TOP-DOWN APPROACH                35

2.4           DATA TRIANGULATION                36

2.5           RESEARCH ASSUMPTIONS           37

2.6           RESEARCH LIMITATIONS             38

2.7           RISK ASSESSMENT           38

3               EXECUTIVE SUMMARY  39

4               PREMIUM INSIGHTS       42

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SOLID ROCKET MOTORS MARKET         42

4.2           SOLID ROCKET MOTORS MARKET, BY PLATFORM                 42

4.3           SOLID ROCKET MOTORS MARKET, BY COUNTRY                 43

5               MARKET OVERVIEW       44

5.1           INTRODUCTION              44

5.2           MARKET DYNAMICS       44

5.2.1        DRIVERS               45

5.2.1.1    Increasing number of space missions by government and private organizations         45

5.2.1.2    Increasing adoption of solid rocket motors for defense platforms and applications   46

5.2.1.3    Rising strategic investments in advanced solid rocket motor manufacturing to strengthen national security                47

5.2.2        RESTRAINTS      47

5.2.2.1    High development costs      47

5.2.2.2    Compliance with government policies              47

5.2.3        OPPORTUNITIES              48

5.2.3.1    Innovations in design of solid rocket motors and enhancement in specific impulse    48

5.2.3.2    Expanding space exploration and green propulsion adoption                 49

5.2.4        CHALLENGES    50

5.2.4.1    Dual-use technology, export restrictions, and environmental compliance impacting production and R&D    50

5.2.4.2    Supply chain management issues      50

5.3           PRICING ANALYSIS          51

5.3.1        INDICATIVE SELLING PRICE, BY REGION              51

5.3.2        INDICATIVE PRICING ANALYSIS, BY PLATFORM, 2023                 51

5.4           VALUE CHAIN ANALYSIS               52

5.5           ECOSYSTEM ANALYSIS  53

5.5.1        PROMINENT COMPANIES            53

5.5.2        PRIVATE AND SMALL ENTERPRISES        54

5.5.3        END USERS         54

5.6           TECHNOLOGY ANALYSIS             55

5.6.1        KEY TECHNOLOGIES     56

5.6.1.1    Advanced propellant formulations     56

5.6.1.2    Additive manufacturing (3D printing)              56

5.6.2        COMPLEMENTARY TECHNOLOGIES       56

5.6.2.1    Advanced nozzle technologies            56

5.6.2.2    Simulation and virtual testing             56

5.7           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            57

5.8           TRADE ANALYSIS             57

5.8.1        COUNTRY-WISE IMPORT, 2020–2023 (USD THOUSAND)                 57

5.8.2        COUNTRY-WISE EXPORT, 2020–2023 (USD THOUSAND)                 59

5.9           REGULATORY LANDSCAPE         60

5.10         CASE STUDY ANALYSIS 63

5.10.1      URSA MAJOR’S LYNX SOLUTION FOR SOLID ROCKET MOTORS              63

5.10.2      X-BOW SYSTEMS’ ADDITIVE MANUFACTURING FOR SOLID ROCKET MOTORS              63

5.10.3      NORTHROP GRUMMAN’S BOLE SOLID ROCKET MOTOR FOR NASA’S SLS PROGRAM          63

5.11         KEY STAKEHOLDERS AND BUYING CRITERIA     64

5.11.1      KEY STAKEHOLDERS IN BUYING PROCESS           64

5.11.2      BUYING CRITERIA           65

5.12         KEY CONFERENCES AND EVENTS, 2024–2025        66

5.13         INVESTMENT AND FUNDING SCENARIO               66

5.14         OPERATIONAL DATA     67

5.15         TECHNOLOGY ROADMAP            70

5.16         BUSINESS MODELS         72

5.16.1      SOLID ROCKET MOTORS: BUSINESS MODELS    72

5.17         BILL OF MATERIALS       73

5.18         MACROECONOMIC OUTLOOK  75

5.18.1      INTRODUCTION              75

5.18.2      NORTH AMERICA             76

5.18.3      EUROPE               76

5.18.4      ASIA PACIFIC     76

5.18.5      MIDDLE EAST   76

5.18.6      LATIN AMERICA AND AFRICA    77

5.19         IMPACT OF AI/GENERATIVE AI 78

5.19.1      IMPACT OF AI ON DEFENSE INDUSTRY 78

5.19.2      ADOPTION OF AI IN MILITARY, BY TOP COUNTRIES                 79

5.19.3      IMPACT OF AI ON SOLID ROCKET MOTORS MARKET                 80

6               INDUSTRY TRENDS         81

6.1           INTRODUCTION              81

6.2           TECHNOLOGY TRENDS                81

6.2.1        ADVANCED MATERIALS                82

6.2.2        CASE-ON-PROPELLANT PROCESSING    82

6.2.3        GREEN PROPELLANT MOTORS 82

6.3           IMPACT OF MEGA TRENDS         83

6.3.1        AUTOMATION  83

6.3.2        ADDITIVE MANUFACTURING    83

6.3.3        DIGITAL ENGINEERING AND SIMULATION          84

6.4           SUPPLY CHAIN ANALYSIS             84

6.5           PATENT ANALYSIS          86

7               SOLID ROCKET MOTORS MARKET, BY PLATFORM                 90

7.1           INTRODUCTION              91

7.2           MISSILES              94

7.2.1        CRUISE MISSILE                94

7.2.1.1    Growing global demand for next-generation cruise missiles to drive market          94

7.2.2        BALLISTIC MISSILE         95

7.2.2.1    Need for advanced defense and interception capabilities to lead market    95

7.2.3        OTHER MISSILES              95

7.3           ROCKET ARTILLERY       97

7.3.1        MULTI-LAUNCH ROCKET SYSTEM (MLRS)           97

7.3.1.1    Effectiveness of MLRSs in delivering precision-guided munitions over extended range to drive market 97

7.3.2        MAN-PORTABLE AIR DEFENSE SYSTEM (MANPADS)                 98

7.3.2.1    High portability offered by MANPADS to drive market                 98

7.4           SPACE LAUNCH VEHICLES           98

7.4.1        SMALL-LIFT LAUNCH VEHICLES               99

7.4.1.1    Demand for small satellites in commercial and defense applications to boost market               99

7.4.2        MEDIUM- AND HEAVY-LIFT LAUNCH VEHICLES                 99

7.4.2.1    Ongoing developments by prominent defense companies and governments to drive growth              99

8               SOLID ROCKET MOTORS MARKET, BY END USER                 102

8.1           INTRODUCTION              103

8.2           GOVERNMENT & DEFENSE         105

8.2.1        DIVERSIFIED GOVERNMENT & DEFENSE NEEDS TO DRIVE DEMAND FOR SOLID ROCKET MOTORS 105

8.3           COMMERCIAL OPERATORS         105

8.3.1        DEMAND FOR SOLID ROCKET MOTORS IN PRIVATE SPACE VENTURES TO BOOST MARKET  105

9               SOLID ROCKET MOTORS MARKET, BY COMPONENT                 106

9.1           INTRODUCTION              107

9.2           PROPELLANTS  108

9.2.1        SIMPLICITY AND QUICK DEPLOYMENT OF PROPELLANTS TO DRIVE MARKET          108

9.2.2        COMPOSITE PROPELLANTS        108

9.2.3        DOUBLE-BASE PROPELLANTS   108

9.2.4        OTHER PROPELLANTS  108

9.3           NOZZLES             110

9.3.1        ADVANCED NOZZLE DESIGNS REVOLUTIONIZE THRUST CONTROL AND EFFICIENCY IN SOLID ROCKET MOTORS              110

9.3.2        VECTORABLE    110

9.3.3        FIXED   110

9.4           IGNITERS             111

9.4.1        ADVANCED IGNITER TECHNOLOGIES TO DRIVE RELIABLE, PRECISE, AND EFFICIENT COMBUSTION INITIATION                 111

9.4.2        PYROGEN            112

9.4.3        PYROTECHNIC 112

9.5           MOTOR CASING               113

9.5.1        RISING NEED FOR ROBUST, HIGH-PRECISION MOTOR CASING TO DRIVE GROWTH       113

9.5.2        COMPOSITE       114

9.5.3        METALLIC           114

9.6           OTHER COMPONENTS  114

10            SOLID ROCKET MOTORS MARKET, BY REGION 115

10.1         INTRODUCTION              116

10.2         NORTH AMERICA             117

10.2.1      PESTLE ANALYSIS: NORTH AMERICA      117

10.2.2      US           121

10.2.2.1  New entrants and developments to drive market            121

10.2.3      CANADA               122

10.2.3.1  Supply chain resilience and technological competitiveness to boost market          122

10.3         EUROPE               123

10.3.1      PESTLE ANALYSIS: EUROPE        124

10.3.2      UK          127

10.3.2.1  Need for technological competitiveness and supply chain resilience to drive growth    127

10.3.3      RUSSIA 128

10.3.3.1  Rise in defense procurement programs to boost market                 128

10.3.4      FRANCE                129

10.3.4.1  Integration of VR and MR to modernize defense training programs to boost market   129

10.3.5      GERMANY           130

10.3.5.1  Demand for manufacturing solid propellants to drive market                 130

10.3.6      ITALY    131

10.3.6.1  Advancements in aerospace propulsion and strategic collaborations to drive growth            131

10.4         ASIA PACIFIC     133

10.4.1      ASIA PACIFIC: PESTLE ANALYSIS               133

10.4.2      CHINA  136

10.4.2.1  Innovations supporting military and space exploration goals to drive market          136

10.4.3      INDIA    138

10.4.3.1  Need for enhancements in solid rocket motor production to boost market    138

10.4.4      JAPAN   139

10.4.4.1  Focus on developing cost-efficient, reliable solid propulsion systems to drive growth       139

10.4.5      SOUTH KOREA  140

10.4.5.1  Strategic investments for missile development to propel growth                 140

10.4.6      AUSTRALIA         141

10.4.6.1  Partnerships between major industry players and growth in government investments to drive market         141

10.5         MIDDLE EAST   143

10.5.1      PESTLE ANALYSIS            143

10.5.2      GCC       146

10.5.2.1  KUWAIT               146

10.5.2.1.1                Need to enhance defense and aerospace sectors to drive growth    146

10.5.2.2  Saudi Arabia          148

10.5.2.2.1                Need to strengthen defense manufacturing capabilities to boost market     148

10.5.3      REST OF MIDDLE EAST 149

10.6         REST OF THE WORLD    150

10.6.1      LATIN AMERICA                153

10.6.1.1  Procurement of new missile technologies to propel growth                 153

10.6.2      AFRICA 154

10.6.2.1  Growth in investments in new missile technology to drive market                 154

11            COMPETITIVE LANDSCAPE         156

11.1         INTRODUCTION              156

11.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 156

11.3         REVENUE ANALYSIS, 2020–2023  159

11.4         MARKET SHARE ANALYSIS, 2023                 159

11.5         BRAND/PRODUCT COMPARISON             162

11.6         COMPANY VALUATION AND FINANCIAL METRICS                 163

11.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 164

11.7.1      STARS   164

11.7.2      EMERGING LEADERS     164

11.7.3      PERVASIVE PLAYERS      164

11.7.4      PARTICIPANTS 164

11.7.5      COMPANY FOOTPRINT: KEY PLAYERS   166

11.7.5.1  Company footprint               166

11.7.5.2  Region footprint   167

11.7.5.3  Platform footprint                 168

11.7.5.4  End user footprint                 169

11.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        170

11.8.1      PROGRESSIVE COMPANIES         170

11.8.2      RESPONSIVE COMPANIES            170

11.8.3      DYNAMIC COMPANIES  170

11.8.4      STARTING BLOCKS         170

11.8.5      COMPETITIVE BENCHMARKING               172

11.8.5.1  List of startups/SMEs          172

11.8.5.2  Competitive benchmarking of startups/SMEs 173

11.9         COMPETITIVE SCENARIO             174

11.9.1      PRODUCT LAUNCHES   174

11.9.2      EXPANSIONS     174

11.9.3      DEALS  175

11.9.4      OTHER DEVELOPMENTS              178

12            COMPANY PROFILES      180

12.1         KEY PLAYERS     180

12.1.1      NORTHROP GRUMMAN                 180

12.1.1.1  Business overview 180

12.1.1.2  Products offered   181

12.1.1.3  Recent developments           182

12.1.1.3.1                Other developments             182

12.1.1.4  MnM view              183

12.1.1.4.1                Right to win           183

12.1.1.4.2                Strategic choices   183

12.1.1.4.3                Weaknesses and competitive threats 183

12.1.2      L3HARRIS TECHNOLOGIES, INC.               184

12.1.2.1  Business overview 184

12.1.2.2  Products offered   185

12.1.2.3  Recent developments           186

12.1.2.3.1                Deals      186

12.1.2.3.2                Expansions             187

12.1.2.3.3                Other developments             187

12.1.2.4  MnM view              187

12.1.2.4.1                Right to win           187

12.1.2.4.2                Strategic choices   188

12.1.2.4.3                Weaknesses and competitive threats 188

12.1.3      CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORPORATION 189

12.1.3.1  Business overview 189

12.1.3.2  Products offered   189

12.1.3.3  Recent developments           190

12.1.3.3.1                Other developments             190

12.1.3.4  MnM view              190

12.1.3.4.1                Right to win           190

12.1.3.4.2                Strategic choices   190

12.1.3.4.3                Weaknesses and competitive threats 190

12.1.4      NAMMO AS         191

12.1.4.1  Business overview 191

12.1.4.2  Products offered   192

12.1.4.3  Recent developments           193

12.1.4.3.1                Expansions             193

12.1.4.3.2                Other developments             193

12.1.4.4  MnM view              193

12.1.4.4.1                Right to win           193

12.1.4.4.2                Strategic choices   193

12.1.4.4.3                Weaknesses and competitive threats 194

12.1.5      RAFAEL ADVANCED DEFENSE SYSTEMS LTD.     195

12.1.5.1  Business overview 195

12.1.5.2  Products offered   196

12.1.5.3  MnM view              197

12.1.5.3.1                Right to win           197

12.1.5.3.2                Strategic choices   197

12.1.5.3.3                Weaknesses and competitive threats 197

12.1.6      IHI CORPORATION          198

12.1.6.1  Business overview 198

12.1.6.2  Products offered   199

12.1.7      KRATOS DEFENSE & SECURITY SOLUTIONS, INC.                 200

12.1.7.1  Business overview 200

12.1.7.2  Products offered   201

12.1.7.3  Recent developments           201

12.1.7.3.1                Other developments             201

12.1.8      ANDURIL INDUSTRIES  202

12.1.8.1  Business overview 202

12.1.8.2  Products offered   202

12.1.8.3  Recent developments           203

12.1.8.3.1                Deals      203

12.1.8.3.2                Expansions             203

12.1.8.3.3                Other developments             204

12.1.9      UNITED LAUNCH ALLIANCE, LLC             205

12.1.9.1  Business overview 205

12.1.9.2  Products offered   205

12.1.10   MITSUBISHI HEAVY INDUSTRIES, LTD.  206

12.1.10.1                 Business overview 206

12.1.10.2                 Products offered   207

12.1.11   XBOW   208

12.1.11.1                 Business overview 208

12.1.11.2                 Products offered   208

12.1.11.3                 Recent developments           209

12.1.11.3.1             Deals      209

12.1.11.3.2             Other developments             209

12.1.12   URSA MAJOR TECHNOLOGIES INC           210

12.1.12.1                 Business overview 210

12.1.12.2                 Products offered   210

12.1.12.3                 Recent developments           211

12.1.12.3.1             Deals      211

12.1.12.3.2             Other developments             211

12.1.13   AVIO SPA             212

12.1.13.1                 Business overview 212

12.1.13.2                 Products offered   212

12.1.13.3                 Recent developments           213

12.1.13.3.1             Deals      213

12.1.13.3.2             Other developments             213

12.1.14   ROXEL GROUP  214

12.1.14.1                 Business overview 214

12.1.14.2                 Products offered   214

12.1.15   NOF CORPORATION       215

12.1.15.1                 Business overview 215

12.1.15.2                 Products offered   216

12.2         OTHER PLAYERS              217

12.2.1      BLACK SKY INDUSTRIES               217

12.2.2      EVOLUTION SPACE        217

12.2.3      ULTRAMET         218

12.2.4      KARMAN SPACE & DEFENSE       219

12.2.5      ESTES ENERGETICS        220

12.2.6      SPACEFIELDS PVT LTD.                 221

12.2.7      EDEPRO               222

12.2.8      ADVANCED STRUCTURAL TECHNOLOGIES        223

12.2.9      BAYERN-CHEMIE GMBH                224

12.2.10   FIREHAWK AEROSPACE INC.       225

13            APPENDIX           226

13.1         DISCUSSION GUIDE        226

13.2         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                228

13.3         ANNEXURE         230

13.4         CUSTOMIZATION OPTIONS        231

13.5         RELATED REPORTS         231

13.6         AUTHOR DETAILS           232

LIST OF TABLES

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

LIST OF FIGURES

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