Rockets & Missiles Market by Type, Speed, Platform, Guidance Mechanism, Application

List of Tables

[182 Pages Report] The Rockets & Missiles Market size was estimated at USD 62.43 billion in 2023 and expected to reach USD 67.33 billion in 2024, at a CAGR 7.85% to reach USD 105.97 billion by 2030.

The rockets and missiles market encompasses the design, manufacturing, sale, and application of projectiles designed for military defense, aerospace exploration, satellite launches, and other related fields. The surge in defense budgets by governments worldwide for the modernization of military resources are significantly contributing to the market growth. The rising number of conflicts amid the geopolitical tensions across the globe are also creating the surge in demand for rockets and missiles. Moreover, technological issues related to the integration of rockets & missiles are expected to limit the market growth. Additionally, stringent governmental regulations related to arms transfer are also posing a challenge for adoption of rockets and missiles. Furthermore, the development of new generation rocket & missile systems and technical advancements in warfare techniques are expected to attract lucrative opportunities for the market in the forecast period.

KEY MARKET STATISTICS
Base Year [2023]	USD 62.43 billion
Estimated Year [2024]	USD 67.33 billion
Forecast Year [2030]	USD 105.97 billion
CAGR (%)	7.85%

Speed: Types of rockets and missiles as per their speeds

Hypersonic missiles travel at speeds of 5 Mach or higher with advanced capabilities such as rapid response time, high maneuverability, and the ability to evade existing missile defense systems. Subsonic missiles travel at speeds below 1 Mach, typically generating lower amounts of noise and heat signatures, which enables them to maintain a stealthy profile. Moreover, their slower speeds require less advanced propulsion systems and materials, resulting in lower production costs. Supersonic missiles travel between Mach 1 and 5, providing several advantages including reduced time to target, greater penetration capabilities against hardened defenses, and a higher degree of survivability when facing interception attempts.

Platform: Significance of various launching platforms

Airborne launch platforms offer a unique combination of flexibility, mobility, and rapid response in the field of rocket and missile deployment. These platforms utilize aircraft as the primary mode of transport, allowing for quick positioning and versatile targeting options. Ground-based launch platforms encompass a wide variety of stationary or mobile systems used for deploying rockets and missiles. Naval launch platforms leverage the strategic advantages of maritime environments for deploying rockets and missiles. These platforms range from surface vessels like guided-missile destroyers or cruisers to submarines carrying ballistic missiles, providing unique benefits such as stealth capabilities, extended ranges, and autonomous operations.

Guidance Mechanism: Significance of guidance mechanism for accuracy & precision

Guided rockets and missiles employ sophisticated electronics, sensors, and control systems to navigate towards their target with a high level of precision. Guided systems offer significant advantages in terms of accuracy, flexibility, and adaptability to various combat mission scenarios. Unguided rockets and missiles rely on simplistic flight control mechanisms that do not adjust their trajectory once launched. The primary advantage of unguided systems is their relative simplicity and lower cost compared to guided counterparts.

Application: Diverse applications areas of rockets and missiles

Rockets and missiles have played a significant role in modern military operations, serving as effective tools for both offense and defense. In offensive operations, they provide long-range precision strike capabilities to neutralize enemy positions, suppress air defenses, and target critical infrastructure. Rockets play an essential part in space exploration by providing the necessary propulsion to lift payloads like satellites, probes, or manned spacecraft into orbit. Commercial rocket use has grown rapidly in recent years as private companies capitalize on technological advancements and increasing demand for satellite launches.

Regional Insights

The rockets and missiles market is a highly specialized, technical, and diverse industry across various regions worldwide. The United States plays a dominant role in the Americas region, given its heavy investments in the research and development of cutting-edge missile systems. Canada also contributes to the regional market with defense collaborations through programs like the Surface Combatant Program. In the European region, countries including France, Germany, Italy, and the United Kingdom are actively involved in collaborative efforts for missile systems development. Investment in research initiatives and projects showcases Europe's commitment to strengthening its defense capabilities. The Middle East region has witnessed a rise in demand for advanced rocket and missile systems due to geopolitical tensions and increasing military expenditure by countries such as Saudi Arabia, Israel, Iran, and Turkey. The Asia Pacific region is characterized by rapid economic growth coupled with rising military expenditures from major countries such as China, Japan, India, and South Korea. These countries are actively involved in collaborations with international partners to enhance their technological expertise.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Rockets & Missiles Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Rockets & Missiles Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Rockets & Missiles Market, highlighting leading vendors and their innovative profiles. These include AeroVironment, ASELSAN A.S., Astra Space, Inc., BAE Systems PLC, Bharat Dynamics Limited, Denel Dynamics, Elbit Systems Ltd., Firefly Aerospace Inc., Frontier Electronic Systems Corporation, General Dynamics Corporation, Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, Kratos Defense & Security Solutions, Inc., LIG Nex1 Co., Ltd., Lockheed Martin Corp., Mesko S.A., Nammo AS, Northrop Grumman, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Rocket Lab USA, Inc., Roketsan A.S., Saab AB, Thales Group, and The Boeing Company.

Market Segmentation & Coverage

This research report categorizes the Rockets & Missiles Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Missile
  - Ballistic Missile
  - Cruise Missile

Rocket
- Air-Launched Rocket
- Artillery Rocket

Speed
- Hypersonic
- Subsonic
- Supersonic

Platform
- Airborne
- Ground
- Naval

Guidance Mechanism
- Guided
- Unguided

Application
- Commercial
- Military
- Space Exploration

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Rockets & Missiles Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Rockets & Missiles Market?

3. What are the technology trends and regulatory frameworks in the Rockets & Missiles Market?

4. What is the market share of the leading vendors in the Rockets & Missiles Market?

5. Which modes and strategic moves are suitable for entering the Rockets & Missiles Market?

Product Code: MRR-3A2E844FCFFA

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increase in defense budget across the globe
  - 5.1.1.2. Rise in number of conflicts and need for efficient armed resources
  - 5.1.1.3. Growing modernization of military resources
- 5.1.2. Restraints
  - 5.1.2.1. Issues related to the integration of rockets & missiles
- 5.1.3. Opportunities
  - 5.1.3.1. Development of new generation rocket & missile systems
  - 5.1.3.2. Technological advancements in warfare techniques
- 5.1.4. Challenges
  - 5.1.4.1. Stringent regulations related to arms transfer
5.2. Market Segmentation Analysis
- 5.2.1. Speed: Types of rockets and missiles as per their speeds
- 5.2.2. Platform: Significance of various launching platforms
- 5.2.3. Guidance Mechanism: Significance of guidance mechanism for accuracy & precision
- 5.2.4. Application: Diverse applications areas of rockets and missiles
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Rockets & Missiles Market, by Type

6.1. Introduction
6.2. Missile
6.3. Rocket

7. Rockets & Missiles Market, by Speed

7.1. Introduction
7.2. Hypersonic
7.3. Subsonic
7.4. Supersonic

8. Rockets & Missiles Market, by Platform

8.1. Introduction
8.2. Airborne
8.3. Ground
8.4. Naval

9. Rockets & Missiles Market, by Guidance Mechanism

9.1. Introduction
9.2. Guided
9.3. Unguided

10. Rockets & Missiles Market, by Application

10.1. Introduction
10.2. Commercial
10.3. Military
10.4. Space Exploration

11. Americas Rockets & Missiles Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Rockets & Missiles Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Rockets & Missiles Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. L3harris Completes Aerojet Rocketdyne Acquisition
- 14.3.2. Anduril Moves into Hypersonics with Acquisition of Rocket Motor Maker
- 14.3.3. Lockheed, Rheinmetall Pair Up to Build Europe-Made Rocket Launcher
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio