The global rockets and missiles market is anticipated to register an impressive CAGR in the forecast period, 2023-2027. The increasing defense fund allocation by the leading authorities of different economies to upgrade, modernize and purchase advanced rockets and missiles to become ready for any combat is driving the global rockets and missiles market demand. Also, high-end investments by the key market players in research and development activities to develop a new generation of air and missile systems are expected to create lucrative growth opportunities for the global rockets and missiles market over the next five years.

Continuous Increase in Defense Fund Allocation Drives the Market Growth

Countries prefer to keep themselves ready for war in any combat situation to provide security to their citizens. In the United States, the Defense Department has asked Congress to allocate $715 billion in its fiscal 2022 budget, funding weapons programs and national major security priorities with an additional $38 billion for different defense-related programs. The government of the United States also wants to develop its layered missile defense system and move towards a new age of missile systems having advanced space sensors, hypersonic and cruise missile defense systems, and next-generation technologies. Similarly, the Indian government spent ₹1,14,910 crore on the defense sector, which ₹75,140 on local weapons and systems to support the domestic market. They also collaborated with the Russian government to develop the BrahMos missile, which is difficult to intercept using the old missile shields. The rise in the investments by the leading authorities of several economies and the use of advanced technologies and materials by market players to develop rockets & missiles is expected to boost the market growth in the next five years. 

Launch of Advanced Rockets & Missiles Supports High Market Demand

The key market players are working on upgrading and modernizing the rockets & missiles to make them capable of any warfare situation. The development and manufacturing of advanced rockets & missiles integrated with novel technologies are considered a severe threat and an asset during the war. Countries are actively investing in developing high-end air defense systems such as the Patriot Advanced Capability-3 and hypersonic missiles that are difficult to detect by missile shields. Market players are focusing on using stealth technology in rockets & missiles, which are undetectable by missile shields. Some of the newly launched rockets & missies in the market are high-speed cruise missiles and new generation precision-guided missile defense systems. Therefore, continuous evolution in technology and the introduction of advanced rockets & missiles are expected to create new growth avenues for the global rockets & missiles market over the forecast period.


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Market Segmentation

The global rockets and missiles market is segmented into product, speed, guidance mechanism, platform, launch mode, regional distribution, and competitive landscape. Based on product, the market is divided into cruise missiles, ballistic missiles, rockets, and torpedoes. Based on speed, the market is divided into subsonic, supersonic, hypersonic. Based on guidance mechanism, the market is bifurcated into guided and unguided. Based on platform, the market is divided into airborne, naval, ground. Based on launch mode, the market is divided into surface to surface, surface to air, air to air, air to surface, subsea to surface. To analyze the market based on the region, the global rockets and missiles market is studied in major regions namely North America, Asia-pacific, Europe & CIS, South America, Middle East and Africa. In terms of country, United States is anticipated to be a promising market as the defense sector is unparalleled due to heavy amounts by government to upgrade the existing system.

Market Players

Northrop Grumman Corporation, Lockheed Martin Corporation, BAE Systems, Thales Group, Raytheon Company, General Dynamics Corporation, Rafael Advanced Defense Systems, MBDA Missiles Systems, The Boeing Company, Leonardo UK Ltd, are the major market players operating in the global rockets and missiles market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Product

·         Speed

·         Guidance Mechanism

·         Platform

·         Launch Mode

Regional scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China, India, Japan, Thailand, Indonesia, Australia, South Korea; Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland; Brazil, Argentina; Saudi Arabia, Iran, Israel, UAE, Turkey

Key companies profiled

Northrop Grumman Corporation, Lockheed Martin Corporation, BAE Systems, Thales Group, Raytheon Company, General Dynamics Corporation, Rafael Advanced Defense Systems, MBDA Missiles Systems, The Boeing Company, Leonardo UK Ltd

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global rockets and missiles market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Rockets and Missiles Market, By Product:
    • Cruise Missiles
    • Ballistic Missiles
    • Rockets
    • Torpedoes
  • Rockets and Missiles Market, By Speed:
    • Subsonic
    • Supersonic
    • Hypersonic
  • Rockets and Missiles Market, By Guidance Mechanism:
    • Guided
    • Unguided
  • Rockets and Missiles Market, By Platform:
    • Airborne
    • Naval
    • Ground
  • Rockets and Missiles Market, By Launch Mode:
    • Surface to Surface
    • Surface to Air
    • Air to Air
    • Air to Surface
    • Subsea to Surface
  • Rockets and Missiles Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • Thailand
      • Indonesia
      • Australia
      • South Korea
    • Europe & CIS
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
      • Netherlands
      • Russia
      • Poland
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • Iran
      • Israel
      • UAE
      • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global rockets and missiles market.

Available Customizations:

With the given market data, TechSci 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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1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Rockets and Missiles Market

5.    Global Rockets and Missiles Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Product (Cruise Missiles, Ballistic Missiles, Rockets, Torpedoes)

5.2.2.     By Speed (Subsonic, Supersonic, Hypersonic)

5.2.3.     By Guidance Mechanism (Guided, Unguided)

5.2.4.     By Platform (Airborne, Naval, Ground)

5.2.5.     By Launch Mode (Surface to Surface, Surface to Air, Air to Air, Air to Surface, Subsea to Surface)

5.2.6.     By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

5.2.7.     By Company (2021)

5.3.  Product Market Map (By Product, By Region)

6.    North America Rockets and Missiles Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product

6.2.2.     By Speed

6.2.3.     By Guidance Mechanism

6.2.4.     By Platform

6.2.5.     By Launch Mode

6.2.6.     By Country (United States; Canada; Mexico)

6.3.  Product Market Map (By Product, By Country)

6.4.  North America: Country Analysis

6.4.1.     United States Rockets and Missiles Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Value

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Product

6.4.1.2.2.             By Speed

6.4.1.2.3.             By Guidance Mechanism

6.4.1.2.4.             By Platform

6.4.1.2.5.             By Launch Mode

6.4.2.     Canada Rockets and Missiles Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Value

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Product

6.4.2.2.2.             By Speed

6.4.2.2.3.             By Guidance Mechanism

6.4.2.2.4.             By Platform

6.4.2.2.5.             By Launch Mode

6.4.3.     Mexico Rockets and Missiles Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Value

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Product

6.4.3.2.2.             By Speed

6.4.3.2.3.             By Guidance Mechanism

6.4.3.2.4.             By Platform

6.4.3.2.5.             By Launch Mode

7.    Asia Pacific Rockets and Missiles Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product

7.2.2.     By Speed

7.2.3.     By Guidance Mechanism

7.2.4.     By Platform

7.2.5.     By Launch Mode

7.2.6.     By Country (China, India, Japan, Thailand, Indonesia, Australia, South Korea)

7.2.7.     Product Market Map (By Product, By Country)

7.3.  Asia Pacific: Country Analysis

7.3.1.     China Rockets and Missiles Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Product

7.3.1.2.2.             By Speed

7.3.1.2.3.             By Guidance Mechanism

7.3.1.2.4.             By Platform

7.3.1.2.5.             By Launch Mode

7.3.2.     India Rockets and Missiles Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Product

7.3.2.2.2.             By Speed

7.3.2.2.3.             By Guidance Mechanism

7.3.2.2.4.             By Platform

7.3.2.2.5.             By Launch Mode

7.3.3.     Japan Rockets and Missiles Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Product

7.3.3.2.2.             By Speed

7.3.3.2.3.             By Guidance Mechanism

7.3.3.2.4.             By Platform

7.3.3.2.5.             By Launch Mode

7.3.4.     Thailand Rockets and Missiles Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Product

7.3.4.2.2.             By Speed

7.3.4.2.3.             By Guidance Mechanism

7.3.4.2.4.             By Platform

7.3.4.2.5.             By Launch Mode

7.3.5.     Indonesia Rockets and Missiles Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Product

7.3.5.2.2.             By Speed

7.3.5.2.3.             By Guidance Mechanism

7.3.5.2.4.             By Platform

7.3.5.2.5.             By Launch Mode

7.3.6.     Australia Rockets and Missiles Market Outlook

7.3.6.1.         Market Size & Forecast

7.3.6.1.1.             By Value

7.3.6.2.         Market Share & Forecast

7.3.6.2.1.             By Product

7.3.6.2.2.             By Speed

7.3.6.2.3.             By Guidance Mechanism

7.3.6.2.4.             By Platform

7.3.6.2.5.             By Launch Mode

7.3.7.     South Korea Rockets and Missiles Market Outlook

7.3.7.1.         Market Size & Forecast

7.3.7.1.1.             By Value

7.3.7.2.         Market Share & Forecast

7.3.7.2.1.             By Product

7.3.7.2.2.             By Speed

7.3.7.2.3.             By Guidance Mechanism

7.3.7.2.4.             By Platform

7.3.7.2.5.             By Launch Mode

8.    Europe & CIS Rockets and Missiles Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product

8.2.2.     By Speed

8.2.3.     By Guidance Mechanism

8.2.4.     By Platform

8.2.5.     By Launch Mode

8.2.6.     By Country (Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland)

8.3.  Product Market Map (By Product, By Country)

8.4.  Europe & CIS: Country Analysis

8.4.1.     Germany Rockets and Missiles Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Product

8.4.1.2.2.             By Speed

8.4.1.2.3.             By Guidance Mechanism

8.4.1.2.4.             By Platform

8.4.1.2.5.             By Launch Mode

8.4.2.     France Rockets and Missiles Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Product

8.4.2.2.2.             By Speed

8.4.2.2.3.             By Guidance Mechanism

8.4.2.2.4.             By Platform

8.4.2.2.5.             By Launch Mode

8.4.3.     United Kingdom Rockets and Missiles Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Product

8.4.3.2.2.             By Speed

8.4.3.2.3.             By Guidance Mechanism

8.4.3.2.4.             By Platform

8.4.3.2.5.             By Launch Mode

8.4.4.     Spain Rockets and Missiles Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Product

8.4.4.2.2.             By Speed

8.4.4.2.3.             By Guidance Mechanism

8.4.4.2.4.             By Platform

8.4.4.2.5.             By Launch Mode

8.4.5.     Italy Rockets and Missiles Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Product

8.4.5.2.2.             By Speed

8.4.5.2.3.             By Guidance Mechanism

8.4.5.2.4.             By Platform

8.4.5.2.5.             By Launch Mode

8.4.6.     Netherlands Rockets and Missiles Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Value

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Product

8.4.6.2.2.             By Speed

8.4.6.2.3.             By Guidance Mechanism

8.4.6.2.4.             By Platform

8.4.6.2.5.             By Launch Mode

8.4.7.     Russia Rockets and Missiles Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Value

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Product

8.4.7.2.2.             By Speed

8.4.7.2.3.             By Guidance Mechanism

8.4.7.2.4.             By Platform

8.4.7.2.5.             By Launch Mode

8.4.8.     Poland Rockets and Missiles Market Outlook

8.4.8.1.         Market Size & Forecast

8.4.8.1.1.             By Value

8.4.8.2.         Market Share & Forecast

8.4.8.2.1.             By Product

8.4.8.2.2.             By Speed

8.4.8.2.3.             By Guidance Mechanis