Cruise Missile Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Launch Platform (Air, Surface Combatants, Submarine, and Land), By Range (Short-Range Missiles, Medium-Range Missiles, and Long-Range Missiles), By Speed (Subsonic, Supersonic, and Hypersonic), By Region and By Competition, 2018-2028

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 5.37 billion

CAGR (2023-2028)

7.33%

Fastest Growing Segment

Air

Largest Market

North America





Market Overview

The Global Cruise Missile Market size reached USD 5.37 billion in 2022 and is expected to grow with a CAGR of 7.33% in the forecast period. The global cruise missile market is a vital and continuously evolving component of the defense and military industry. Cruise missiles are unmanned, guided weapons designed for precision strikes against a wide range of targets, including land-based infrastructure, naval vessels, and even high-value enemy assets. Several key factors contribute to the complex and dynamic nature of this market. One of the primary drivers of the global cruise missile market is the prevailing geopolitical landscape. Heightened security concerns, regional tensions, and the need to maintain military readiness have led many nations to invest significantly in the development, acquisition, and modernization of cruise missile systems. This demand for advanced cruise missiles is expected to continue to drive market growth as countries seek to bolster their defensive and offensive capabilities. Technological advancements play a pivotal role in shaping the cruise missile market. Continuous innovations in guidance systems, propulsion, and stealth capabilities have led to enhanced precision, range, and versatility in cruise missiles. These advancements make them indispensable for modern military operations, where accuracy and reliability are of paramount importance. Another significant trend in the cruise missile market is the development of missiles with extended operational ranges. This extension allows militaries to strike targets from a safer distance, reducing the risk to their own assets. Additionally, the proliferation of supersonic and hypersonic cruise missile variants is transforming the landscape. These high-speed missiles offer greater unpredictability and shorter response times, making them formidable challenges for defense systems. The global cruise missile market is also influenced by the continuous research and development efforts of nations and defense contractors. Ongoing technological innovations, including improved guidance and targeting systems, propulsion technologies, and cost-effective manufacturing techniques, keep the market dynamic and competitive. International defense contracts and alliances further shape the cruise missile market. As countries seek to augment their capabilities, they often enter into agreements with other nations or collaborate with established defense manufacturers to access advanced missile technology. These partnerships contribute to the growth and global reach of the market. In conclusion, the global cruise missile market remains a pivotal and rapidly evolving segment of the defense industry. Driven by geopolitical tensions, technological advancements, extended operational ranges, and international collaborations, this market is expected to continue its growth trajectory, playing a significant role in modern military strategies and security measures.

Key Market Drivers

Geopolitical Tensions and Security Concerns

Heightened geopolitical tensions and the evolving global security landscape are key drivers of the cruise missile market. Nations invest in advanced cruise missile systems to safeguard their interests, deter potential adversaries, and maintain a credible defense posture. Regional conflicts and territorial disputes further fuel the demand for these precision weapons.

Technological Advancements

Continuous advancements in guidance systems, propulsion technology, and stealth capabilities significantly contribute to the market's growth. Advanced navigation systems, such as GPS and inertial guidance, enhance the accuracy and reliability of cruise missiles. Stealth features, including low radar cross-section and radar-absorbing materials, improve their survivability and effectiveness.

Extended Operational Range

Cruise missiles with extended operational ranges have become a dominant driver in the market. These extended-range missiles enable militaries to strike targets from safer distances, reducing the risk to their own assets. They offer greater flexibility and strategic reach, making them highly sought-after by defense forces.

Supersonic and Hypersonic Capabilities

The proliferation of supersonic and hypersonic cruise missiles represents a significant trend in the market. These high-speed missiles pose formidable challenges to enemy air defense systems, given their shorter response times and unpredictability. Hypersonic technology, in particular, has captured the attention of military forces worldwide, as it offers unparalleled speed and maneuverability.

Research and Development Efforts

The continuous research and development efforts in the field of cruise missiles keep the market dynamic. These initiatives focus on improving guidance and targeting systems, propulsion technologies, miniaturization, and cost-effective manufacturing processes. The pursuit of innovative solutions ensures that cruise missiles remain at the forefront of modern warfare.

International Defense Contracts and Alliances

International defense contracts and alliances play a significant role in the cruise missile market. Collaborations between nations and established defense manufacturers allow for the sharing of advanced missile technology. Joint development programs, co-production agreements, and export of cruise missiles foster a global market presence, ensuring wider access to advanced weapon systems.

Diversification of Payloads

The diversification of cruise missile payloads is another driving factor. Cruise missiles are being equipped with a variety of warheads, including conventional, nuclear, electromagnetic pulse (EMP), and submunitions. This versatility enables militaries to tailor their cruise missile arsenal to address specific mission objectives, ranging from precision strikes to strategic deterrence.

Naval and Airborne Platforms

Cruise missiles are increasingly integrated into naval and airborne platforms, expanding their operational versatility. These missiles are deployed on submarines, surface ships, and aircraft, contributing to their adaptability in various theaters of operation. The integration of cruise missiles into multiple platforms enhances the overall military capabilities of a nation's armed forces.

In conclusion, the global cruise missile market is driven by a complex interplay of geopolitical factors, technological advancements, extended operational ranges, international cooperation, and the quest for versatile and high-speed missile systems. These drivers reflect the evolving nature of modern warfare and the growing importance of cruise missiles in military strategies and defense capabilities.

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Key Market Challenges

Proliferation and Arms Control

The proliferation of cruise missile technology raises concerns about its potential use by non-state actors or in conflict zones. This proliferation challenges international arms control efforts, requiring nations to strike a balance between defense and non-proliferation goals. Achieving effective arms control and non-proliferation agreements remains a significant challenge.

Defense Against Cruise Missiles

As cruise missiles become more advanced and diversified, developing effective countermeasures becomes increasingly challenging. Defense systems must contend with faster, stealthier, and more maneuverable missiles. This necessitates substantial investments in anti-cruise missile capabilities and technology.

Technological Advancements

While technological advancements are a driver, they also present challenges. The rapid evolution of guidance systems, propulsion, and stealth technology requires continuous research and development to stay ahead. This can strain defense budgets and necessitate frequent updates to existing missile defense systems.

Cost Constraints

Developing, producing, and maintaining advanced cruise missiles is expensive. Many nations face budgetary constraints, making it challenging to invest in cutting-edge cruise missile technology while maintaining other essential defense capabilities. Finding a balance between cost-effectiveness and technological superiority is a persistent challenge.

Covert Deployment and Use

Cruise missiles' relatively small size and ability to be launched covertly pose a challenge for defense forces. They can be deployed from multiple platforms, including submarines and mobile launchers, making them difficult to detect and intercept. Covert use of cruise missiles can significantly impact strategic stability and response times.

Integration with Existing Defense Systems

Integrating advanced cruise missile systems with existing defense systems and networks can be complex and costly. Compatibility issues, interoperability, and the need for seamless communication and coordination pose challenges. Smooth integration is crucial for effective defense and response strategies.

Cybersecurity Risks

Cruise missiles are becoming more reliant on advanced electronics and digital systems. This makes them vulnerable to cyberattacks that can disrupt or compromise their operations. Protecting these systems from cyber threats is a growing challenge in the cruise missile market.

Ethical and Legal Concerns

The use of cruise missiles in armed conflicts raises ethical and legal questions, particularly regarding collateral damage, proportionality, and adherence to international humanitarian law. Balancing the military advantage of using cruise missiles with minimizing harm to civilians and civilian infrastructure is an ongoing challenge.

In conclusion, the global cruise missile market confronts a range of challenges, including issues related to arms control, defense against advanced threats, technological advancements, cost constraints, covert deployment, systems integration, cybersecurity risks, and ethical and legal considerations. Addressing these challenges requires a holistic and multifaceted approach, involving international cooperation, research and development, and ethical considerations in the development and use of cruise missile technology.

Key Market Trends

Technological Advancements

Continuous advancements in guidance systems, propulsion, and materials are driving the development of more capable and versatile cruise missiles. Miniaturization, improved targeting, and enhanced stealth features are key areas of focus. These advancements enhance the precision, range, and survivability of cruise missiles.

Supersonic and Hypersonic Missiles

The proliferation of supersonic and hypersonic missiles is a major trend. These high-speed missiles offer rapid response times and increased maneuverability, making them challenging for defense systems to intercept. Hypersonic technology, in particular, has gained significant attention due to its unmatched speed and agility.

Extended Operational Range

Cruise missiles with extended operational ranges have become highly sought-after. These extended-range missiles enable militaries to engage targets from safer distances, reducing the risk to their own assets. This trend enhances the strategic reach and flexibility of cruise missile systems.

Diversification of Payloads

The diversification of cruise missile payloads is another significant trend. Cruise missiles can now be equipped with a range of warheads, including conventional, nuclear, electromagnetic pulse (EMP), and submunitions. This versatility allows militaries to tailor their missiles for specific mission objectives, from precision strikes to strategic deterrence.

Covert and Mobile Launch Platforms

Covert deployment and the use of mobile launch platforms are growing trends. Cruise missiles can be launched from submarines, surface ships, aircraft, and mobile ground vehicles, making them difficult to detect and intercept. These covert and mobile launch capabilities enhance their operational versatility.

Integration with Defense Systems

Integrating advanced cruise missile systems with existing defense systems is a critical trend. Ensuring compatibility, interoperability, and seamless communication and coordination is essential for effective defense and response strategies. This trend is driven by the need for holistic defense solutions.

Dual-Use Technology

Dual-use technology refers to the application of cruise missile technology in both military and civilian domains. This trend is exemplified by the increasing use of cruise missile technology in space exploration, aerial reconnaissance, and autonomous drone development. It reflects the cross-pollination of defense and civilian technology.

Global Collaboration and Export

International collaboration and the export of cruise missile technology are expanding trends. Countries are increasingly partnering on joint development programs and co-production agreements. Defense manufacturers are exporting advanced cruise missiles to meet global demand, contributing to the market's global reach.

In conclusion, the global cruise missile market is characterized by technological advancements, the proliferation of high-speed missiles, extended operational ranges, payload diversification, covert deployment, integration with defense systems, dual-use technology, and international collaboration and export. These trends reflect the ever-evolving nature of modern warfare and the growing importance of cruise missiles in military strategies and defense capabilities.

Segmental Insights

By Launch Platform

Submarines have long been a critical launch platform for cruise missiles. They offer covert deployment capabilities, allowing submarines to remain hidden beneath the ocean's surface until they launch their SLCMs. These missiles can strike both naval and land-based targets, making them versatile assets in maritime and strategic operations. Trends in this segment include the development of advanced SLCMs with extended range, improved target discrimination, and faster speeds, which pose challenges for anti-submarine warfare and missile defense systems.

Surface ships, including destroyers, cruisers, and frigates, often carry SLCMs as part of their armament. They provide a visible presence and contribute to maritime security, as SLCMs can engage naval and land-based targets. Modern trends involve the integration of SLCMs with the Aegis Combat System, which enhances their precision, range, and interoperability. There is also a growing emphasis on multi-mission surface combatants capable of carrying various missile types to address evolving threats.

Aircraft, such as bombers and fighter jets, serve as launch platforms for ALCMs. These missiles are characterized by their ability to strike distant targets, sometimes with the added flexibility of mid-flight redirection. Trends include the development of stealthy ALCMs and hypersonic ALCMs that offer greater range and penetration capabilities. The integration of these missiles into a nation's air force arsenal is a key trend, reflecting their importance in modern aerial warfare.

Ground-based launch platforms provide flexibility in deploying cruise missiles in various theaters of operation. These can include fixed or mobile launchers, such as truck-mounted systems, offering rapid response and adaptability. Trends in this segment involve the development of land-attack cruise missiles (LACMs) with enhanced precision, extended ranges, and improved loitering capabilities. Ground-based launchers are often integrated into a country's defense infrastructure to bolster deterrence and defense capabilities.

Unmanned systems, including UAVs and UGVs, have gained prominence as launch platforms for cruise missiles. These platforms provide reconnaissance and surveillance capabilities, allowing for real-time target identification and engagement. Trends in this segment focus on miniaturization and the integration of cruise missiles into smaller UAVs and UGVs, making them more agile and versatile for both military and non-military applications.

Each launch platform segment in the cruise missile market is influenced by evolving technologies and operational requirements. Trends in these segments highlight the ongoing pursuit of enhanced precision, extended range, and adaptability to meet the diverse challenges presented by modern defense and security scenarios. These trends reflect the critical role of cruise missiles in military strategies and their importance in maintaining national security..

By Range

Short-range cruise missiles typically have a range of up to 500 kilometers. They are designed for use in relatively close-quarters combat scenarios, including targeting enemy military installations, command and control centers, or ships within a confined geographic area. Trends in this segment focus on improving the precision and lethality of SR-CMs, making them valuable assets for quick, tactical strikes.

Medium-range cruise missiles have a range that typically spans from 500 to 1,000 kilometers. They are well-suited for a variety of missions, including striking key enemy assets and infrastructure located deeper within enemy territory. Trends in MR-CMs involve enhanced targeting and guidance systems, increased range, and improved survivability features. These missiles are pivotal in both offensive and defensive military operations.

Long-range cruise missiles are characterized by their extended range, often exceeding 1,000 kilometers. They are designed for deep-strike missions against high-value targets, including strategic installations and fortified enemy positions. Trends in this segment are strongly influenced by advancements in propulsion and guidance technologies, enabling LR-CMs to reach their targets with exceptional precision and efficiency. The integration of stealth features also plays a vital role in this category, enhancing the missiles' ability to penetrate enemy defenses.

The extended-range cruise missile segment encompasses missiles with a range between 1,000 to 5,000 kilometers. These missiles are highly versatile, capable of engaging a wide array of targets and providing strategic flexibility. Trends in this category include the development of hypersonic ER-CMs, which offer even greater speed and precision, presenting a challenge for existing defense systems.

Intercontinental cruise missiles have an exceptional range, often exceeding 5,000 kilometers. They are designed for strategic purposes, including deterrence and the ability to strike targets across continents. The trends in this segment revolve around achieving extreme range capabilities, further enhancing guidance systems, and the development of nuclear-armed IC-CMs as part of a nation's strategic triad.

Each range segment in the cruise missile market is influenced by advances in propulsion, guidance, and stealth technology, as well as the evolving requirements of military forces. These trends reflect the significance of cruise missiles in modern military strategies and the diverse range of scenarios they can address, from tactical operations to strategic deterrence.

By Speed

Subsonic cruise missiles fly at speeds less than the speed of sound (approximately 343 meters per second or 1,235 kilometers per hour). While they are slower compared to other categories, they remain valuable assets due to their precision and the ability to loiter over a target area. Trends in subsonic cruise missiles focus on improving guidance systems, stealth features, and payload versatility, allowing them to better evade enemy defenses and conduct precise strikes.

Supersonic cruise missiles fly at speeds exceeding the speed of sound but typically below Mach 5 (1,715 meters per second or 6,174 kilometers per hour). These missiles offer rapid response times, enhanced target penetration, and maneuverability. Trends in this segment involve the development of advanced propulsion systems, such as scramjet engines, which increase speed and range. Enhanced guidance systems and the incorporation of stealth features are also critical to their performance.

Hypersonic cruise missiles travel at speeds significantly exceeding the speed of sound, often reaching Mach 5 or higher. These missiles are characterized by their exceptional speed and maneuverability, making them extremely challenging to intercept. Trends in hypersonic cruise missiles center on further increasing speed, precision, and range. Advanced thermal protection systems are necessary to withstand the extreme heat generated during hypersonic flight. The development of hypersonic glide vehicles (HGVs) is also a key trend, allowing for flexible targeting and responsiveness.

Supercruise-capable missiles are those that can sustain supersonic speeds without the need for afterburners. This characteristic provides them with extended endurance, operational flexibility, and reduced radar detectability. Trends in this segment emphasize enhancing the efficiency of supercruise-capable propulsion systems, resulting in improved range and mission endurance. Improved materials and aerodynamics further contribute to their effectiveness.

Each speed segment in the cruise missile market caters to specific mission requirements and operational scenarios. Advancements in propulsion technologies, guidance systems, stealth features, and materials continue to shape these trends. Cruise missiles with diverse speed characteristics offer military forces the ability to address a wide range of targets and situations, from tactical precision strikes to strategic deterrence.

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Regional Insights

North America, led by the United States, is a dominant force in the global cruise missile market. The U.S., with its advanced military capabilities and significant defense investments, serves as a key driver for market trends and innovations. The United States has a well-established defense industry, including major players like Lockheed Martin and Raytheon, which continually develop and enhance cruise missile technology. Geopolitical tensions and the U.S. military's strong presence drive investments in cruise missile systems, both for defense and strategic deterrence.

Europe is a notable contributor to the global cruise missile market, with countries like France and the United Kingdom playing pivotal roles. The region benefits from a collaborative approach through the European Union's Common Foreign and Security Policy (CFSP) and the European Defense Agency (EDA). European defense manufacturers, including MBDA and Safran, are known for their expertise in missile technology. Europe's cruise missile market focuses on innovations related to precision, extended range, and integration into various platforms, serving the diverse defense needs of the region.

The Asia-Pacific region is witnessing substantial growth in the cruise missile market, primarily driven by the rapid expansion of military capabilities in countries such as China and India. Rising geopolitical tensions, territorial disputes, and increased defense budgets contribute to the demand for advanced cruise missile systems. Asian nations are actively investing in research and development to improve their cruise missile technology, focusing on enhancing precision and range. The region is also a significant manufacturing hub for cruise missile components, reflecting its growing influence in the global market.

The Middle East, particularly the Gulf states such as the United Arab Emirates and Saudi Arabia, holds prominence in the cruise missile market. These countries possess modern and well-equipped military fleets and invest in advanced avionics technology to bolster their defense capabilities. Middle Eastern airlines are also exploring the use of cruise missiles for unmanned aerial vehicles (UAVs) in defense and surveillance applications. While the region has defense capabilities, it also faces challenges related to infrastructure development, making it an interesting mix of opportunities and constraints in the cruise missile market.

Latin America's contribution to the global cruise missile market is gradually expanding, with countries like Brazil, Mexico, and Argentina at the forefront. These nations are acquiring more advanced cruise missile systems to meet the growing demand for modernization and security. Latin American airlines and defense forces focus on improving their operational efficiency, surveillance capabilities, and precision strikes. Economic and political factors in certain Latin American countries can influence the pace of cruise missile adoption, but the market's potential is evident.

In conclusion, regional insights provide a comprehensive view of how different parts of the world contribute to the global cruise missile market. Each region has its unique factors and priorities, but collectively, they drive the market's growth and shape its future dynamics.

Recent Developments

  • In November 2022, The Indian Army conducted a successful test of an extended-range BrahMos supersonic cruise missile from the Andaman and Nicobar (A&N) Islands. The Western Command of the Army oversaw the test, demonstrating the missile's enhanced capabilities. As per the Indian Army, the tested BrahMos cruise missile has the capacity to effectively strike targets at a range exceeding 450 kilometers.

Key Market Players

  • Lockheed Martin Corporation
  • Raytheon Technologies Corporation
  • DRDO
  • The Boeing Company
  • MBDA Inc.
  • Tactical Missiles Corporation
  • Kongsberg Gruppen
  • Roketsan
  • Avibras Indstria Aeroespacial S/A
  • China Aerospace Science and Technology Corporation

By Launch Platform

By Range

By Speed

By Region
  • Air
  • Surface Combatants
  • Submarine
  • Land
  • Short-Range Missiles
  • Medium-Range Missiles
  • Long-Range Missiles
  • Subsonic
  • Supersonic
  • Hypersonic
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Cruise Missile Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Cruise Missile Market, By Launch Platform:

o   Air

o   Surface Combatants

o   Submarine

o   Land

  • Cruise Missile Market, By Range:

o   Short-Range Missiles

o   Medium-Range Missiles

o   Long-Range Missiles

  • Cruise Missile Market, By Speed:

o   Subsonic

o   Supersonic

o   Hypersonic

  • Cruise Missile Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Turkey

§  Iran

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Cruise Missile Market.

Available Customizations:

Global Cruise Missile Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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Table of content

1.     Introduction

1.1.  Market Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Cruise Missile Market

5.    Global Cruise Missile Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Volume & Value

5.2.  Market Share & Forecast

5.2.1.     By Launch Platform Market Share Analysis (Air, Surface Combatants, Submarine, and Land)

5.2.2.     By Range Market Share Analysis (Short-Range Missiles, Medium-Range Missiles, and Long-Range Missiles)

5.2.3.     By Speed Market Share Analysis (Subsonic, Supersonic, and Hypersonic)

5.2.4.     By Regional Market Share Analysis

5.2.4.1.         Asia-Pacific Market Share Analysis

5.2.4.2.         Europe & CIS Market Share Analysis

5.2.4.3.         North America Market Share Analysis

5.2.4.4.         South America Market Share Analysis

5.2.4.5.         Middle East & Africa Market Share Analysis

5.2.5.     By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Cruise Missile Market Mapping & Opportunity Assessment

5.3.1.     By Launch Platform Market Mapping & Opportunity Assessment

5.3.2.     By Range Market Mapping & Opportunity Assessment

5.3.3.     By Speed Market Mapping & Opportunity Assessment

5.3.4.     By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Cruise Missile Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume & Value

6.2.  Market Share & Forecast

6.2.1.     By Launch Platform Market Share Analysis

6.2.2.     By Range Market Share Analysis

6.2.3.     By Speed Market Share Analysis

6.2.4.     By Country Market Share Analysis

6.2.4.1.         China Market Share Analysis

6.2.4.2.         India Market Share Analysis

6.2.4.3.         Japan Market Share Analysis

6.2.4.4.         Indonesia Market Share Analysis

6.2.4.5.         Thailand Market Share Analysis

6.2.4.6.         South Korea Market Share Analysis

6.2.4.7.         Australia Market Share Analysis

6.2.4.8.         Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.     China Cruise Missile Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Volume & Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Launch Platform Market Share Analysis

6.3.1.2.2.             By Range Market Share Analysis

6.3.1.2.3.             By Speed Market Share Analysis

6.3.2.     India Cruise Missile Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Volume & Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Launch Platform Market Share Analysis

6.3.2.2.2.             By Range Market Share Analysis

6.3.2.2.3.             By Speed Market Share Analysis

6.3.3.     Japan Cruise Missile Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Volume & Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Launch Platform Market Share Analysis

6.3.3.2.2.             By Range Market Share Analysis

6.3.3.2.3.             By Speed Market Share Analysis

6.3.4.     Indonesia Cruise Missile Market Outlook

6.3.4.1.         Market Size & Forecast

6.3.4.1.1.             By Volume & Value

6.3.4.2.         Market Share & Forecast

6.3.4.2.1.             By Launch Platform Market Share Analysis

6.3.4.2.2.             By Range Market Share Analysis

6.3.4.2.3.             By Speed Market Share Analysis

6.3.5.     Thailand Cruise Missile Market Outlook

6.3.5.1.         Market Size & Forecast

6.3.5.1.1.             By Volume & Value

6.3.5.2.         Market Share & Forecast

6.3.5.2.1.             By Launch Platform Market Share Analysis

6.3.5.2.2.             By Range Market Share Analysis

6.3.5.2.3.             By Speed Market Share Analysis

6.3.6.     South Korea Cruise Missile Market Outlook

6.3.6.1.         Market Size & Forecast

6.3.6.1.1.             By Volume & Value

6.3.6.2.         Market Share & Forecast

6.3.6.2.1.             By Launch Platform Market Share Analysis

6.3.6.2.2.             By Range Market Share Analysis

6.3.6.2.3.             By Speed Market Share Analysis

6.3.7.     Australia Cruise Missile Market Outlook

6.3.7.1.         Market Size & Forecast

6.3.7.1.1.             By Volume & Value

6.3.7.2.         Market Share & Forecast

6.3.7.2.1.             By Launch Platform Market Share Analysis

6.3.7.2.2.             By Range Market Share Analysis

6.3.7.2.3.             By Speed Market Share Analysis

7.    Europe & CIS Cruise Missile Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume & Value

7.2.  Market Share & Forecast

7.2.1.     By Launch Platform Market Share Analysis

7.2.2.     By Range Market Share Analysis

7.2.3.     By Speed Market Share Analysis

7.2.4.     By Country Market Share Analysis

7.2.4.1.         Germany Market Share Analysis

7.2.4.2.         Spain Market Share Analysis

7.2.4.3.         France Market Share Analysis

7.2.4.4.         Russia Market Share Analysis

7.2.4.5.         Italy Market Share Analysis

7.2.4.6.         United Kingdom Market Share Analysis

7.2.4.7.         Belgium Market Share Analysis

7.2.4.8.         Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.     Germany Cruise Missile Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Volume & Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Launch Platform Market Share Analysis

7.3.1.2.2.             By Range Market Share Analysis

7.3.1.2.3.             By Speed Market Share Analysis

7.3.2.     Spain Cruise Missile Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Volume & Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Launch Platform Market Share Analysis

7.3.2.2.2.             By Range Market Share Analysis

7.3.2.2.3.             By Speed Market Share Analysis

7.3.3.     France Cruise Missile Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Volume & Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Launch Platform Market Share Analysis

7.3.3.2.2.             By Range Market Share Analysis

7.3.3.2.3.             By Speed Market Share Analysis

7.3.4.     Russia Cruise Missile Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Volume & Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Launch Platform Market Share Analysis

7.3.4.2.2.             By Range Market Share Analysis

7.3.4.2.3.             By Speed Market Share Analysis

7.3.5.     Italy Cruise Missile Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Volume & Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Launch Platform Market Share Analysis

7.3.5.2.2.             By Range Market Share Analysis

7.3.5.2.3.             By Speed Market Share Analysis

7.3.6.     United Kingdom Cruise Missile Market Outlook

7.3.6.1.         Market Size & Forecast

7.3.6.1.1.             By Volume & Value

7.3.6.2.         Market Share & Forecast

7.3.6.2.1.             By Launch Platform Market Share Analysis

7.3.6.2.2.             By Range Market Share Analysis

7.3.6.2.3.             By Speed Market Share Analysis

7.3.7.     Belgium Cruise Missile Market Outlook

7.3.7.1.         Market Size & Forecast

7.3.7.1.1.             By Volume & Value

7.3.7.2.         Market Share & Forecast

7.3.7.2.1.             By Launch Platform Market Share Analysis

7.3.7.2.2.             By RangeMarket Share Analysis

7.3.7.2.3.             By Speed Market Share Analysis

8.    North America Cruise Missile Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume & Value

8.2.  Market Share & Forecast

8.2.1.     By Launch Platform Market Share Analysis

8.2.2.     By Range Market Share Analysis

8.2.3.     By Speed Market Share Analysis

8.2.4.     By Country Market Share Analysis

8.2.4.1.         United States Market Share Analysis

8.2.4.2.         Mexico Market Share Analysis

8.2.4.3.         Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.     United States Cruise Missile Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Volume & Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Launch Platform Market Share Analysis

8.3.1.2.2.             By Range Market Share Analysis

8.3.1.2.3.             By Speed Market Share Analysis

8.3.2.     Mexico Cruise Missile Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Volume & Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Launch Platform Market Share Analysis

8.3.2.2.2.             By Range Market Share Analysis

8.3.2.2.3.             By Speed Market Share Analysis

8.3.3.     Canada Cruise Missile Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Volume & Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Launch Platform Market Share Analysis

8.3.3.2.2.             By Range Market Share Analysis

8.3.3.2.3.             By Speed Market Share Analysis

9.    South America Cruise Missile Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume & Value

9.2.  Market Share & Forecast

9.2.1.     By Launch Platform Market Share Analysis

9.2.2.     By Range Market Share Analysis

9.2.3.     By Speed Market Share Analysis

9.2.4.     By Country Market Share Analysis

9.2.4.1.         Brazil Market Share Analysis

9.2.4.2.         Argentina Market Share Analysis

9.2.4.3.         Colombia Market Share Analysis

9.2.4.4.         Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.     Brazil Cruise Missile Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Volume & Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Launch Platform Market Share Analysis

9.3.1.2.2.             By Range Market Share Analysis

9.3.1.2.3.             By Speed Market Share Analysis

9.3.2.     Colombia Cruise Missile Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Volume & Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Launch Platform Market Share Analysis

9.3.2.2.2.             By Range Market Share Analysis

9.3.2.2.3.             By Speed Market Share Analysis

9.3.3.     Argentina Cruise Missile Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Volume & Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Launch Platform Market Share Analysis

9.3.3.2.2.             By Range Market Share Analysis

9.3.3.2.3.             By Speed Market Share Analysis

10.  Middle East & Africa Cruise Missile Market Outlook

10.1.            Market Size & Forecast

10.1.1.  By Volume & Value

10.2.            Market Share & Forecast

10.2.1.  By Launch Platform Market Share Analysis

10.2.2.  By Range Market Share Analysis

10.2.3.  By Speed Market Share Analysis

10.2.4.  By Country Market Share Analysis

10.2.4.1.      Turkey Market Share Analysis

10.2.4.2.      Iran Market Share Analysis

10.2.4.3.      Saudi Arabia Market Share Analysis

10.2.4.4.      UAE Market Share Analysis

10.2.4.5.      Rest of Middle East & Africa Market Share Africa

10.3.            Middle East & Africa: Country Analysis

10.3.1.  Turkey Cruise Missile Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Volume & Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Launch Platform Market Share Analysis

10.3.1.2.2.           By Range Market Share Analysis

10.3.1.2.3.           By Speed Market Share Analysis

10.3.2.  Iran Cruise Missile Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Volume & Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Launch Platform Market Share Analysis

10.3.2.2.2.           By Range Market Share Analysis

10.3.2.2.3.           By Speed Market Share Analysis

10.3.3.  Saudi Arabia Cruise Missile Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Volume & Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Launch Platform Market Share Analysis

10.3.3.2.2.           By Range Market Share Analysis

10.3.3.2.3.           By Speed Market Share Analysis

10.3.4.  UAE Cruise Missile Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Volume & Value

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Launch Platform Market Share Analysis

10.3.4.2.2.           By Range Market Share Analysis

10.3.4.2.3.           By Speed Market Share Analysis

11.  SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12.  Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1.  Lockheed Martin Corporation

14.1.1.1.      Company Details

14.1.1.2.      Key Product Offered

14.1.1.3.      Financials (As Per Availability)

14.1.1.4.      Recent Developments

14.1.1.5.      Key Management Personnel

14.1.2.  Raytheon Technologies Corporation

14.1.2.1.      Company Details

14.1.2.2.      Key Product Offered

14.1.2.3.      Financials (As Per Availability)

14.1.2.4.      Recent Developments

14.1.2.5.      Key Management Personnel

14.1.3.  DRDO

14.1.3.1.      Company Details

14.1.3.2.      Key Product Offered

14.1.3.3.      Financials (As Per Availability)

14.1.3.4.      Recent Developments

14.1.3.5.      Key Management Personnel

14.1.4.   The Boeing Company

14.1.4.1.      Company Details

14.1.4.2.      Key Product Offered

14.1.4.3.      Financials (As Per Availability)

14.1.4.4.      Recent Developments

14.1.4.5.      Key Management Personnel

14.1.5.  MBDA Inc

14.1.5.1.      Company Details

14.1.5.2.      Key Product Offered

14.1.5.3.      Financials (As Per Availability)

14.1.5.4.      Recent Developments

14.1.5.5.      Key Management Personnel

14.1.6.  Kongsberg Gruppen

14.1.6.1.      Company Details

14.1.6.2.      Key Product Offered

14.1.6.3.      Financials (As Per Availability)

14.1.6.4.      Recent Developments

14.1.6.5.      Key Management Personnel

14.1.7.  Roketsan

14.1.7.1.      Company Details

14.1.7.2.      Key Product Offered

14.1.7.3.      Financials (As Per Availability)

14.1.7.4.      Recent Developments

14.1.7.5.      Key Management Personnel

14.1.8.  Avibras Indstria Aeroespacial S/A

14.1.8.1.      Company Details

14.1.8.2.      Key Product Offered

14.1.8.3.      Financials (As Per Availability)

14.1.8.4.      Recent Developments

14.1.8.5.      Key Management Personnel

14.1.9.  Tactical Missiles Corporation

14.1.9.1.      Company Details

14.1.9.2.      Key Product Offered

14.1.9.3.      Financials (As Per Availability)

14.1.9.4.      Recent Developments

14.1.9.5.      Key Management Personnel

14.1.10.                China Aerospace Science and Technology Corporation

14.1.10.1.    Company Details

14.1.10.2.    Key Product Offered

14.1.10.3.    Financials (As Per Availability)

14.1.10.4.    Recent Developments

14.1.10.5.    Key Management Personnel

15.  Strategic Recommendations

15.1.            Key Focus Areas

15.1.1.  Target Regions

15.1.2.  Target Launch Platform

15.1.3.  Target Range

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The Global Cruise Missile Market size reached USD 5.37 billion in 2022

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The dominating platform segment in the Cruise Missile Market is Air-based systems. Airborne Cruise Missile, including those on commercial and military aircraft, play a pivotal role in navigation, communication, surveillance, and mission-critical functions. These systems are at the forefront of technological advancements and innovation, given their significance in modern aviation, defense, and global transportation networks. Surface combatants, submarines, and land-based platforms also hold importance, but air-based avionics continue to lead in terms of scope, complexity, and market influence.

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North America stands as the dominant region in the global cruise missile market. The United States, with its advanced military capabilities and significant defense investments, plays a central role in driving market trends and innovations. The presence of major defense contractors and ongoing technological advancements in the region further solidify North America's leadership in the global cruise missile market.

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The global cruise missile market is propelled by several key drivers. Geopolitical tensions and security concerns prompt nations to invest in advanced cruise missile systems, enhancing market growth. Continuous technological advancements in guidance, propulsion, and stealth features, along with the development of extended-range and hypersonic cruise missiles, further fuel the market's expansion. International defense contracts and alliances, diversification of missile payloads, and integration into various platforms also contribute to the market's growth and evolution.

Related Reports

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Srishti Verma

Business Consultant
Press Release

Global Cruise Missile Market to Grow with a CAGR of 7.33% through 2028

Nov, 2023

Geopolitical tensions and security concerns prompt nations to invest in advanced cruise missile systems, enhancing market growth and all these factors driving market in the forecast period 2024-2028

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