Global Rocket and Missile Market is expected to be valued at USD 79.6 Billion and register a 4.2% CAGR between 2020 and 2026. The increasing defense expenditure and increasing cross border disputes are primarily driving the growth of the market. Additionally, the increasing development of advanced weapon systems is driving the growth of the market.
Development of guided missile systems
Growth Opportunities in the Market
The air-to-surface segment is expected to record the highest growth in the market: The air-to-surface segment is expected to register the highest CAGR during the review period. This is due to the increasing development of air to surface missiles that can be launched by fighter jets and helicopters.
The surface-to-surface segment accounted for the largest market share in 2019. This is due to the high demand for surface-to-surface missiles during warfare situations.
The solid propulsion segment accounted for the largest share in 2019: The solid propulsion segment accounted for the largest share of the global rocket and missile market in 2019 primarily due to the extensive use of solid-state propulsion in many rockets globally.
The turbojet segment is expected to register the highest CAGR during the forecast period due to the wide use of turbojet in missiles.
- 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)
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 @ https://www.marketresearchfuture.com/reports/rocket-missile-market-10321
The report provides insights on the following pointers:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Unattended Ground Sensor Market Competitor Landscape by Players
Chapter 4 Unattended Ground Sensor Market Size by Type and Application
Chapter 5 Global and Regional Analysis
Chapter 6 Company Profiles, recent developments, and investments
Chapter 7 Market Opportunities, Challenges, Risks and Influences Factors Analysis
Chapter 8 Value Chain and Sales Channels Analysis with breakthrough product developments
Chapter 9 Research Findings and Conclusion
Chapter 10 Methodology/Research Approach