Rockets and Missiles Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

Rockets and Missiles Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027
Segmented By Product (Cruise Missiles, Ballistic Missiles, Rockets, Torpedoes), By Speed (Subsonic, Supersonic, Hypersonic) , By Guidance Mechanism (Guided, Unguided), By Platform (Airborne, Naval, Ground), By Launch Mode (Surface to Surface, Surface to Air, Air to Air, Air to Surface, Subsea to Surface), and By Region

The global rockets and missiles market is anticipated to grow at a robust CAGR in the forecast period, 2023-2027.Factors such as increasing defense expenditure by developing countries and ongoing military modernization programs are anticipated to boost the demand for the global rockets and missiles.

Besides, high-end investments by market players to expand their defense fleet and launch advanced rockets & missiles for counter-terrorism activities are expected to propel the global rockets and missiles market growth in the coming years.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 & missiles in the market are high-speed cruise missiles and new generation precision-guided missile defense systems.
The global rockets and missiles market is segmented into product, speed, guidance mechanism, platform, launch mode, regional distribution, and competitive landscape.Based on launch mode, the market is divided into the surface to surface, surface to air, air to air, air to surface, subsea to surface.

The surface-to-surface segment is expected to capture the highest market share in the forecast period, 2023-2027.Surface to surface rockets or missiles is also known as a ground-to-ground rockets or missiles fired from the ground or sea.

They are mostly utilized in land warfare operations that aim to hit the ground or maritime targets. They can be launched from hand-held or from fixed facilities.
The major market players operating in the global rockets and missiles market are Northrop Grumman Corporation, Lockheed Martin Corporation, BAE Systems, Thales Group, Raytheon Company, General Dynamics Corporation, and Rafael Advanced Defense Systems, MBDA Missiles Systems, The Boeing Company, Leonardo UK Ltd.

Years considered for this report:

Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027

Objective of the Study:

• To analyze the historical growth in the market size of the global rockets and missiles from 2017 to 2021.
• To estimate and forecast the market size of global rockets and missiles market from 2023 to 2027 and growth rate until 2027.
• To classify and forecast the global rockets and missiles market based on product, speed, platform, guidance mechanism, launch mode, region, and company.
• To identify the dominant region or segment in the global rockets and missiles market.
• To identify drivers and challenges for the global rockets and missiles market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global rockets and missiles market.
• To identify and analyze the profiles of leading players operating in the global rockets and missiles market.
• To identify key sustainable strategies adopted by market players in global rockets and missiles market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the country.

Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.

Through this technique, the analyst could include the manufacturers who could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the country.
The analyst calculated the market size of the Global rockets and missiles market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size.

Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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