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

List of Tables

The Rockets & Missiles Market was valued at USD 62.43 billion in 2023, expected to reach USD 67.33 billion in 2024, and is projected to grow at a CAGR of 7.85%, to USD 105.97 billion by 2030.

The Rockets & Missiles market encompasses the development, testing, deployment, and lifecycle management of guided and unguided weapons. This sector is pivotal for national defense and strategic operations, covering diverse applications such as air defense, ground attack, naval warfare, and space exploration. The growing necessity of advanced defense technologies to counter rising geopolitical tensions and the proliferation of cross-border conflicts has intensified demand. End-users primarily involve the government and military sectors, but space agencies and research institutions also play significant roles in exploring innovative propulsion and guidance systems. Key growth influencers include increased defense budgets worldwide, advancements in hypersonic technologies, and a growing emphasis on precision-targeting systems. The surge in unmanned aerial vehicles (UAVs) and the incorporation of AI in cybersecurity systems further expand potential opportunities, presenting avenues for enhanced operational effectiveness and rapid innovation. Notable opportunities lie in the integration of AI and machine learning to develop smart targeting systems and energy-efficient propulsion methods, alongside the advancement of missile defense shields utilizing cutting-edge radar and detection systems. However, the market faces limitations such as stringent regulatory environments, high development costs, and intensified competition among global players, which could impede growth. Technological obsolescence and complex supply chain management due to geopolitical instability also represent significant challenges. Innovation-wise, the market sees potential in research areas such as miniaturization of missile components, deployment of green propulsion technologies, and the development of modular systems for rapid adaptability to various mission requirements. The nature of the market is highly dynamic and competitive, driven by the need for nations to maintain strategic superiority and defense preparedness in an uncertain global landscape. Prioritizing collaborative R&D initiatives and cross-sector partnerships can provide businesses with valuable insights and a competitive edge in this evolving domain.

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%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Rockets & Missiles Market

The Rockets & Missiles Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increase in defense budget across the globe
- Rise in number of conflicts and need for efficient armed resources
- Growing modernization of military resources
Market Restraints
- Issues related to the integration of rockets & missiles
Market Opportunities
- Development of new generation rocket & missile systems
- Technological advancements in warfare techniques
Market Challenges
- Stringent regulations related to arms transfer

Porter's Five Forces: A Strategic Tool for Navigating the Rockets & Missiles Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Rockets & Missiles Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Rockets & Missiles Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Rockets & Missiles Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Rockets & Missiles Market

A detailed market share analysis in the Rockets & Missiles Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Rockets & Missiles Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Rockets & Missiles Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Rockets & Missiles Market

A strategic analysis of the Rockets & Missiles Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

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:

Based on Type, market is studied across Missile and Rocket. The Missile is further studied across Ballistic Missile and Cruise Missile. The Rocket is further studied across Air-Launched Rocket and Artillery Rocket.
Based on Speed, market is studied across Hypersonic, Subsonic, and Supersonic.
Based on Platform, market is studied across Airborne, Ground, and Naval.
Based on Guidance Mechanism, market is studied across Guided and Unguided.
Based on Application, market is studied across Commercial, Military, and Space Exploration.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

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. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Rockets & Missiles Market, by Type

6.1. Introduction
6.2. Missile
- 6.2.1. Ballistic Missile
- 6.2.2. Cruise Missile
6.3. Rocket
- 6.3.1. Air-Launched Rocket
- 6.3.2. Artillery 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

Companies Mentioned

1. AeroVironment
2. ASELSAN A.S.
3. Astra Space, Inc.
4. BAE Systems PLC
5. Bharat Dynamics Limited
6. Denel Dynamics
7. Elbit Systems Ltd.
8. Firefly Aerospace Inc.
9. Frontier Electronic Systems Corporation
10. General Dynamics Corporation
11. Israel Aerospace Industries Ltd.
12. Kongsberg Gruppen ASA
13. Kratos Defense & Security Solutions, Inc.
14. LIG Nex1 Co., Ltd.
15. Lockheed Martin Corp.
16. Mesko S.A.
17. Nammo AS
18. Northrop Grumman
19. Rafael Advanced Defense Systems Ltd.
20. Raytheon Technologies Corp.
21. Rocket Lab USA, Inc.
22. Roketsan A.S.
23. Saab AB
24. Thales Group
25. The Boeing Company