This research study involved the extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva, to identify and collect information relevant to the Solid Rocket Motors market. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain. All primary sources were interviewed to obtain and verify critical qualitative and quantitative information and assess prospects for market growth during the forecast period.
Secondary Research
The share of companies in the Solid Rocket Motors market was determined using secondary data made available through paid and unpaid sources and analyzing product portfolios of major companies in the Airport Information Systems market. These companies were rated based on the performance and quality of their products. These data points were further validated by primary sources.
Secondary sources referred to for this research study on the Solid Rocket Motors market included financial statements of companies offering and developing Solid Rocket Motors and information from various trade, business, and professional associations, among others. Secondary data was collected and analyzed to determine the total size of the Solid Rocket motors market, which primary respondents further validated.
Primary Research
Extensive primary research was conducted after obtaining information about the current scenario of the Solid Rocket Motors market through secondary research. Several primary interviews were conducted with market experts from the demand and supply sides across North America, Europe, Asia Pacific, the Middle East, and Latin America. This primary data was collected through questionnaires, emails, and telephonic interviews. In the primary research process, varied primary sources from the supply and demand sides were interviewed to get qualitative and quantitative information on the market. Primary sources from the supply side include different industry experts like vice presidents, directors, regional managers, technology providers, product development teams, distributors, and end users.
Primary research has been done through interviews to get information that includes market statistics, revenue collection data from the products and services, and market breakups, size estimations, market forecasting, and data triangulation. Through primary research, the trends of technology, application, platform, and region were also understood. Demand-side stakeholders, such as CXOs, production managers, engineers, and installation teams of end users of Solid Rocket Motors, were interviewed to understand the buyer’s perspective on the suppliers, products, service providers, and their current usage and future outlook of their business, which could affect the Solid Rocket Motors market.
Note: C-level Executives include the CEO, COO, and CTO, among others.
Others include Sales Managers, Marketing Managers, and Product Managers. The tiers of the companies have been defined based on their total revenue as of 2022. Tier 1 = > USD 1 billion, Tier 2 = USD 100 million to USD 1 billion, and Tier 3 = < USD 100 million
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the Solid Rocket Motors market. The research methodology used to estimate the market size includes the following details:
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Key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of annual and financial reports of the top market players and extensive interviews of leaders, including CEOs, directors, and marketing executives.
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All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Solid Rocket Motors Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall size of the Solid Rocket Motors market from the market size estimation process explained above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for various market segments and sub-segments, the data triangulation and market breakdown procedures explained below were implemented, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.
Market Definition
A solid rocket motor (SRM) or solid rocket booster is a device that propels rockets forward by burning a solid propellant and releasing the resulting hot gases through a nozzle. These motors consist of a rigid casing, typically metallic, filled with a solid mixture of fuel and oxidizer, nozzle, igniter, and other small components. SRMs are reliable and cost-effective, making them indispensable in various applications including missile systems and launch vehicles. Commonly used in military, aerospace, and commercial applications, solid rocket motors offer a cost-effective solution for generating thrust in various aerospace and defense missions.
Key Stakeholders
Various stakeholders of the market are listed below:
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Manufacturers
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Component Suppliers
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Defense Contractors
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Government Defense Agencies
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Space Agencies
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Commercial Space Companies
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R&D Institutions
Report Objectives
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To define, describe, segment, and forecast the size of the solid rocket motors market based on platform, component, end-user, and region
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To forecast the size of market segments based on five regions: North America, Europe, Asia Pacific, Middle East, and Rest of the World, along with key countries in each region
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To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
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To identify industry trends, market trends, and technology trends prevailing in the market
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To analyze micromarkets1 with respect to individual technological trends, prospects, and their contribution to the overall market
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To strategically profile key market players and comprehensively analyze their market ranking and core competencies2
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To provide a detailed competitive landscape of the market and analyze competitive growth strategies, such as product developments, contracts, partnerships, MOU’s, agreements, and collaborations adopted by key players in the market
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To identify the detailed financial position, key products, unique selling points, and key developments of leading companies in the market
1 Micromarkets are referred to as the segments and subsegments of the Solid Rocket Motors market included in the report.
2 Core competencies of companies were captured in terms of their key developments and key strategies adopted to sustain their positions in the market.
Available Customizations
Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Product Analysis
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Product matrix, which gives a detailed comparison of the product portfolio of each company.
Regional Analysis
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Further breakdown of the market segments at the country level
Company Information
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Detailed analysis and profiling of additional market players (up to 5)
LARGEST MARKET SHARE IN 2024
SOUTH KOREA FASTER-GROWING MARKET IN REGION
Growth opportunities and latent adjacency in Solid Rocket Motors Market