Rocket and Missile Market Research Report - Global Forecast till 2027

Global Rocket and Missile Market Research Report: Information By Launch Mode (Surface-To-Surface, Surface-To-Air, Subsea-To-Surface, Air-To-Air and Air-To-Surface), Propulsion (Solid Propulsion, Liquid Propulsion, Hybrid Propulsion, Turbojet, Ramjet and Scramjet) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027

ID: MRFR/A&D/8843-HCR | February, 2021 | Region : Global

Market Scenario


Global Rocket and Missile Market is expected to be valued at USD 79.6 Billion and register a CAGR of 4.2% between 2020 and 2026. 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



  • Increasing Defense Expenditures: Globally, military spending has increased significantly in recent years. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure rose by 2.6% to approximately USD 1.82 trillion from 2017 to 2019. The increase in defense expenditure is expected to boost the demand for advanced weapon systems such as rockets and missiles. This is likely to drive the growth of the global rocket and missile market.

  • Increasing Cross Border Disputes

  • Increasing Development of Advance Weapon Systems


Market Opportunities



  • Growing Demand for Missiles and Rockets in Emerging Nations


Segmentation


By Launch Mode



  • Surface-To-Surface: This segment accounted for the largest market share in 2019 and is expected to register a steady CAGR during the forecast period. The surface-to-surface rockets and missiles are conventional weapons and thus are primarily used by the military forces.



  • Air-To-Surface: The segment is expected to register the highest CAGR during the review period. The increasing use of guided missiles that are launched by fighter jets and helicopters is expected to drive the growth of this segment.



  • Surface-To-Air: The segment accounted for the second-largest market share in 2019. This can be attributed to the increasing use of surface-to-air missiles for destroying enemy aircraft.


By Propulsion



  • Solid Propulsion: The segment dominated the rocket and missile market in 2019. This is due to the wide use of solid-state propulsion systems in rockets.



  • Hybrid Propulsion: The segment is expected to register the highest CAGR during the forecast period. This is due to the increasing demand for hybrid propulsion systems for intercontinental ballistic missiles.



  • Turbojet: The segment is expected to witness steady growth during the forecast period, 2019 to 2026. The turbojet propulsion systems are widely used in missiles.


By Region



  • North America: North America dominates the rocket and missile market and is projected to continue to do so throughout the forecast period. The increasing adoption of rocket and missile by the US and Canada for performing military missions are expected to drive the growth of the regional market.



  • Europe: Europe accounted for the second-largest market share in 2019 primarily due to the presence of prominent players, such as Kongsberg Gruppen ASA, Thales Group, MBDA Holdings SAS, and Saab AB, and increasing investments by these companies in developing advanced rockets and missiles.



  • Asia-Pacific: The market in this region is projected to expand at a high CAGR during the forecast period. Increasing defense expenditure and rising terrorist activities in India, Indonesia, and Australia are driving the growth of the regional market.



  • Middle East & Africa: The increasing defense expenditures by countries such as Saudi Arabia, the UAE, and Israel is driving the growth of the rocket and missile market in the Middle East & Africa.



  • Latin America: An increase in the use of advanced weapon systems by the defense organizations in Brazil and Mexico is also expected to boost the demand for rockets and missiles in the region.


Key Players



  • 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)

Table of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Rocket and Missile Market, by Launch Mode

1.1.2. Global Rocket and Missile Market, by Propulsion

1.1.3. Global Rocket and Missile Market, by Region

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.2.1. Increasing Defense Expenditure

5.2.2. Increasing Border Disputes

5.2.3. Drivers Impact Analysis

5.3. Restraints

5.3.1. High Development Cost of Rockets and Missiles

5.3.2. Restraint Impact Analysis

5.4. Opportunities

5.4.1. Growing Demand for Missiles and Rockets in Emerging Nations

5.5. Market/Technological Trends

5.6. Patent Trends

5.7. Regulatory Landscape/Standards

6. Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Segment Rivalry

6.2.5. Bargaining Power of Suppliers

7. Global Rocket and Missile Market, by Launch Mode

7.1. Introduction

7.2. Surface-To-Surface

7.3. Surface-To-Air

7.4. Subsea-To-Surface

7.5. Air-To-Air

7.6. Air-To-Surface

8. Global Rocket and Missile Market, by Propulsion

8.1. Introduction

8.2. Solid Propulsion

8.3. Liquid Propulsion

8.4. Hybrid Propulsion

8.5. Turbojet

8.6. Ramjet

8.7. Scramjet

9. Global Rocket and Missile Market, by Region

9.1. Introduction

9.2. North America

9.2.1. US

9.2.2. Canada

9.3. Europe

9.3.1. UK

9.3.2. Germany

9.3.3. France

9.3.4. Italy

9.3.5. Rest of Europe

9.4. Asia-Pacific

9.4.1. China

9.4.2. Japan

9.4.3. India

9.4.4. Australia

9.4.5. Rest of Asia-Pacific

9.5. Middle East & Africa

9.5.1. Saudi Arabia

9.5.2. UAE

9.5.3. Rest of Middle East & Africa

9.6. Latin America

9.6.1. Brazil

9.6.2. Rest of Latin America

10. Competitive Landscape

10.1. Competitive Overview

10.2. Competitor Dashboard

10.3. Major Growth Key Strategies in the Global Rocket and Missile Market

10.4. Competitive Benchmarking

10.5. Market Share Analysis

10.6. Leading Player in terms of the Number of Developments in the Global Rocket and Missile Market

10.7. Key Developments & Growth Strategies

10.7.1. New Product Launch/Service Propulsion

10.7.2. Merger & Acquisition

10.7.3. Joint Ventures

11. Company Profiles

(Company overview, financial updates, products & services offered, key developments, SWOT analysis, and key strategies to be provided for all the listed companies)

11.1.1. Denel Dynamics

11.1.2. General Dynamics Corporation

11.1.3. Kongsberg Gruppen ASA

11.1.4. Lockheed Martin Corporation

11.1.5. MBDA Holdings SAS

11.1.6. Mesko SA

11.1.7. Nammo AS

11.1.8. Rafael Advanced Defense Systems Ltd

11.1.9. Roketsan AS

11.1.10. Saab AB

11.1.11. Thales Group

11.1.12. The Raytheon Company

12. Appendix

12.1. References

12.2. Related Reports

12.3. List of Abbreviation 

List of Tables

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 MAJOR PATENTS GRANTED FOR ROCKET AND MISSILE (2020–2027)

TABLE 3 LAUNCH MODE: GLOBAL ROCKET AND MISSILE MARKET, 2020–2027 (USD MILLION)

TABLE 4 PROPULSION: GLOBAL ROCKET AND MISSILE MARKET, 2020–2027 (USD MILLION)

TABLE 5 GLOBAL ROCKET AND MISSILE MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 6 NORTH AMERICA: ROCKET AND MISSILE MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 7 NORTH AMERICA: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 8 NORTH AMERICA: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 9 US: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 10 US: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 11 CANADA: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 12 CANADA: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 13 EUROPE: ROCKET AND MISSILE MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 14 EUROPE: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 15 EUROPE: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 16 UK: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 17 UK: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 18 GERMANY: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 19 GERMANY: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 20 FRANCE: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 21 FRANCE: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 22 ITALY: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 23 ITALY: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 24 REST OF EUROPE: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 25 REST OF EUROPE: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 26 ASIA-PACIFIC: ROCKET AND MISSILE MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 27 ASIA-PACIFIC: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 28 ASIA-PACIFIC: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 29 CHINA: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 30 CHINA: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 31 INDIA: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 32 INDIA: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 33 JAPAN: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 34 JAPAN: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 35 AUSTRALIA: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 36 AUSTRALIA: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 37 REST OF ASIA-PACIFIC: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 38 REST OF ASIA-PACIFIC: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 39 MIDDLE EAST & AFRICA: ROCKET AND MISSILE MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 40 MIDDLE EAST & AFRICA: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 41 MIDDLE EAST & AFRICA: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 42 SAUDI ARABIA: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 43 SAUDI ARABIA: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 44 UAE: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 45 UAE: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 46 REST OF THE MIDDLE EAST & AFRICA: ROCKET AND MISSILE MARKET, BY INSTALLATION BASE, 2020–2027 (USD MILLION)

TABLE 47 REST OF THE MIDDLE EAST & AFRICA: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 48 LATIN AMERICA: ROCKET AND MISSILE MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 49 LATIN AMERICA: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 50 LATIN AMERICA: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 51 BRAZIL: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 52 BRAZIL: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 53 REST OF LATIN AMERICA: ROCKET AND MISSILE MARKET, BY LAUNCH MODE, 2020–2027 (USD MILLION)

TABLE 54 REST OF LATIN AMERICA: ROCKET AND MISSILE MARKET, BY PROPULSION, 2020–2027 (USD MILLION)

TABLE 55 REST OF LATIN AMERICA: ROCKET AND MISSILE MARKET, BY FREQUENCY- BAND, 2020–2027 (USD MILLION)

TABLE 56 THE MOST ACTIVE PLAYERS IN THE GLOBAL ROCKET AND MISSILE MARKET

TABLE 57 CONTRACTS AND AGREEMENTS

TABLE 58 MERGERS AND ACQUISITIONS

TABLE 59 PRODUCT DEVELOPMENTS

TABLE 60 EXPANSIONS AND INVESTMENTS

TABLE 61 JOINT VENTURES AND PARTNERSHIPS

List of Figures

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 GLOBAL ROCKET AND MISSILE MARKET: MARKET ATTRACTIVENESS ANALYSIS

FIGURE 3 GLOBAL ROCKET AND MISSILE MARKET ANALYSIS, BY LAUNCH MODE

FIGURE 4 GLOBAL ROCKET AND MISSILE MARKET ANALYSIS, BY PROPULSION

FIGURE 6 GLOBAL ROCKET AND MISSILE MARKET ANALYSIS, BY REGION

FIGURE 7 GLOBAL ROCKET AND MISSILE MARKET: MARKET STRUCTURE

FIGURE 8 KEY BUYING CRITERIA FOR ROCKET AND MISSILE LAUNCH MODES

FIGURE 9 RESEARCH PROCESS OF MRFR

FIGURE 10 NORTH AMERICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 11 EUROPE: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 12 ASIA-PACIFIC: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 13 MIDDLE EAST & AFRICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 14 LATIN AMERICA: MARKET SIZE & MARKET SHARE, BY REGION, 2020 VS 2027

FIGURE 15 MARKET DYNAMICS OVERVIEW

FIGURE 16 DRIVERS IMPACT ANALYSIS: GLOBAL ROCKET AND MISSILE MARKET

FIGURE 17 RESTRAINTS IMPACT ANALYSIS: GLOBAL ROCKET AND MISSILE MARKET

FIGURE 18 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL ROCKET AND MISSILE MARKET

FIGURE 19 SUPPLY CHAIN: GLOBAL ROCKET AND MISSILE MARKET

FIGURE 20 GLOBAL ROCKET AND MISSILE MARKET SHARE, BY LAUNCH MODE, 2020 (% SHARE)

FIGURE 23 GLOBAL ROCKET AND MISSILE MARKET SHARE, BY REGION, 2020 (% SHARE)

FIGURE 24 NORTH AMERICA: ROCKET AND MISSILE MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 25 EUROPE: ROCKET AND MISSILE MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 26 ASIA-PACIFIC: ROCKET AND MISSILE MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 27 MIDDLE EAST & AFRICA: ROCKET AND MISSILE MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 28 LATIN AMERICA: ROCKET AND MISSILE MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 29 COMPETITOR DASHBOARD: GLOBAL ROCKET AND MISSILE MARKET

FIGURE 30 CAPITAL MARKET RATIO AND FINANCIAL MATRIX

FIGURE 31 CONTRACTS & AGREEMENTS: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN THE GLOBAL ROCKET AND MISSILE MARKET

FIGURE 32 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 33 MAJOR MANUFACTURERS MARKET SHARE ANALYSIS, 2020

Rocket Missile Market