ID: MRFR/A&D/8843-HCR | January 2023 | Region: Global | 167 Pages
The Rocket And Missiles Market Is Estimated At $54 Billion In 2021 Growing At A CAGR Of 5% From 2022 To 2030
$54 Billion
5%
North America
2022-2030
Rocket and Missile Market Scenario
The Rocket And Missiles Market Is Estimated At $54 Billion In 2021 Growing At A CAGR Of 5% From 2022 To 2030. rockets and missiles are the self-propelling weapons that are fired from surface to air, air to surface, or air to air. Rockets and missiles can have solid, liquid, hybrid, turbojet, ramjet, and scramjet propulsion system. The rockets and missiles can travel to more than 1,000 kilometers. Moreover, the intercontinental ballistic missile can travel 5,500 kilometers. Hence the use of these weapons has been increasing from the last few years.
Market Synopsis
Global Rocket and Missile Market has witnessed high growth in recent years owing to the increasing defense expenditure, increasing cross border disputes, and increasing development of advanced weapon systems. However, the high development cost of rockets and missiles is expected to hinder the growth of the market to some extent.
Market USP
Development of guided missile systems
Market Drivers
Market Opportunities
Segmentation
By Launch Mode
By Propulsion
By Region
Key Players
Report Attribute/Metric | Details |
---|---|
Market Size | USD 54 Billion (2030) |
CAGR | 5% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2030 |
Historical Data | 2019 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Launch Mode, Propulsion |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Denel Dynamics (South Africa), General Dynamics Corporation (US), Kongsberg Gruppen ASA (Norway), Lockheed Martin Corporation (US), MBDA Holdings SAS (France), Mesko SA (Poland), Nammo AS (Norway), Rafael Advanced Defense Systems Ltd (Israel), Roketsan AS (Turkey), Saab, AB (Sweden), Thales Group (France), Raytheon Technologies Corporation (US) |
Key Market Opportunities | Growing Demand for Missiles and Rockets in Emerging Nations |
Key Market Drivers |
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global rocket and missile market is projected to acquire the market value of USD 54 Billion during the forecast period from 2022 to 2030
The global rocket and missile market is estimated at 5% during the forecast period from 2022 to 2030
Development of guided missile systems is the anticipated market USP of the rocket and missile market.
Denel Dynamics (South Africa), Mesko SA (Poland), Lockheed Martin Corporation (U.S.), and Roketsan AS (Turkey) are some of the renowned players in the global rocket and missile market.