Product Code: ETC13324375 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Guided Rocket Market was valued at USD 7.4 Billion in 2024 and is expected to reach USD 10.79 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Guided Rocket Market is experiencing steady growth driven by increasing defense budgets, rising security threats, and advancements in rocket technology. The market is expected to witness significant demand from military forces worldwide seeking precision strike capabilities to enhance their operational efficiency. Key players in the market are focusing on developing technologically advanced guided rocket systems with improved accuracy, range, and lethality to meet the evolving defense requirements. Factors such as the growing adoption of unmanned aerial vehicles (UAVs) and the increasing focus on asymmetric warfare are also contributing to the market growth. North America and Europe are anticipated to dominate the market due to their significant defense expenditures, while the Asia-Pacific region is expected to witness rapid growth driven by escalating geopolitical tensions and modernization efforts by countries like China and India.
The Global Guided Rocket Market is experiencing significant growth due to increasing defense budgets worldwide and the rising demand for precision-guided munitions. Technological advancements such as the development of smart rockets with enhanced accuracy and target acquisition capabilities are driving market growth. Furthermore, the growing focus on counter-insurgency operations and the need for effective anti-armor weapons are creating opportunities for guided rocket manufacturers. The market is also witnessing a trend towards the integration of advanced guidance systems, such as GPS and laser guidance, to improve the overall effectiveness of guided rockets. With ongoing conflicts and geopolitical tensions driving the demand for advanced military capabilities, the Global Guided Rocket Market presents lucrative opportunities for companies operating in the defense industry.
The Global Guided Rocket Market faces several challenges, including technological complexities in developing advanced guidance systems that can accurately hit targets at extended ranges and in varied environments. Additionally, stringent regulations on the export and use of guided rocket technology pose obstacles for market expansion across different regions. Supply chain disruptions, particularly due to dependencies on critical components sourced from limited suppliers, also impact the market`s growth potential. Moreover, the increasing competition among key market players to enhance rocket performance while keeping costs low further intensifies the challenge of maintaining profitability and market share. Overall, navigating these challenges requires continuous innovation, strategic partnerships, and a deep understanding of evolving defense requirements to succeed in the Global Guided Rocket Market.
The Global Guided Rocket Market is being driven by several key factors, including increasing defense budgets in various countries, rising demand for precision strike capabilities, and the development of advanced guided rocket technologies. Growing geopolitical tensions and the need for more accurate and efficient weapon systems are also fueling market growth. Additionally, the proliferation of asymmetric warfare and the focus on reducing collateral damage are driving the adoption of guided rockets. Furthermore, advancements in guidance systems, such as GPS and laser guidance, are enhancing the accuracy and effectiveness of guided rockets, making them a preferred choice for modern military operations. Overall, these factors are expected to continue driving the growth of the Global Guided Rocket Market in the coming years.
Government policies related to the Global Guided Rocket Market focus on regulating the export and import of guided rocket technology to ensure national security and prevent unauthorized proliferation. Export controls are in place to manage the transfer of sensitive technology to other countries, with strict licensing requirements and oversight mechanisms. Additionally, governments often invest in research and development of guided rocket systems to enhance their military capabilities and maintain a competitive edge in the global defense market. Collaborative international agreements and alliances are also established to promote transparency, cooperation, and standardization in guided rocket technology. Overall, government policies aim to balance the need for innovation and technological advancement with national security interests in the Global Guided Rocket Market.
The Global Guided Rocket Market is expected to witness significant growth in the coming years, driven by increasing defense budgets around the world, ongoing military modernization efforts, and the rising demand for precision-guided munitions. The market is likely to be influenced by technological advancements in guidance systems, increased focus on reducing collateral damage, and the growing adoption of guided rockets in counter-terrorism operations. Additionally, the shift towards asymmetric warfare and the need for accurate and cost-effective munitions in various combat scenarios are expected to further propel the market growth. However, challenges such as regulatory hurdles, budget constraints, and geopolitical tensions may pose constraints to the market expansion. Overall, the Global Guided Rocket Market is poised for steady growth in the foreseeable future.
In the Global Guided Rocket Market, Asia Pacific is expected to witness significant growth due to increasing defense expenditure by countries like China and India. North America is projected to dominate the market, driven by technological advancements and high military spending in the US. Europe is also a key market, with countries like the UK, France, and Germany investing in guided rocket systems for defense purposes. The Middle East and Africa region is anticipated to experience steady growth, fueled by ongoing conflicts and the need for advanced military capabilities. Latin America is expected to show a moderate growth rate, with countries like Brazil and Mexico focusing on modernizing their defense capabilities with guided rocket systems.
Global Guided Rocket Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Guided Rocket Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Guided Rocket Market Revenues & Volume, 2021 & 2031F |
3.3 Global Guided Rocket Market - Industry Life Cycle |
3.4 Global Guided Rocket Market - Porter's Five Forces |
3.5 Global Guided Rocket Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Guided Rocket Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Guided Rocket Market Revenues & Volume Share, By Propulsion System, 2021 & 2031F |
3.8 Global Guided Rocket Market Revenues & Volume Share, By Guidance Technology, 2021 & 2031F |
3.9 Global Guided Rocket Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.10 Global Guided Rocket Market Revenues & Volume Share, By Certification, 2021 & 2031F |
4 Global Guided Rocket Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Guided Rocket Market Trends |
6 Global Guided Rocket Market, 2021 - 2031 |
6.1 Global Guided Rocket Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Guided Rocket Market, Revenues & Volume, By Surface-to-Surface, 2021 - 2031 |
6.1.3 Global Guided Rocket Market, Revenues & Volume, By Air-to-Ground, 2021 - 2031 |
6.1.4 Global Guided Rocket Market, Revenues & Volume, By Surface-to-Air, 2021 - 2031 |
6.2 Global Guided Rocket Market, Revenues & Volume, By Propulsion System, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Guided Rocket Market, Revenues & Volume, By Solid Fuel, 2021 - 2031 |
6.2.3 Global Guided Rocket Market, Revenues & Volume, By Liquid Fuel, 2021 - 2031 |
6.2.4 Global Guided Rocket Market, Revenues & Volume, By Hybrid Propulsion, 2021 - 2031 |
6.3 Global Guided Rocket Market, Revenues & Volume, By Guidance Technology, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Guided Rocket Market, Revenues & Volume, By GPS Navigation, 2021 - 2031 |
6.3.3 Global Guided Rocket Market, Revenues & Volume, By Laser-Guided, 2021 - 2031 |
6.3.4 Global Guided Rocket Market, Revenues & Volume, By Inertial Navigation, 2021 - 2031 |
6.4 Global Guided Rocket Market, Revenues & Volume, By End User, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Guided Rocket Market, Revenues & Volume, By Military, 2021 - 2031 |
6.4.3 Global Guided Rocket Market, Revenues & Volume, By Air Force, 2021 - 2031 |
6.4.4 Global Guided Rocket Market, Revenues & Volume, By Navy, 2021 - 2031 |
6.5 Global Guided Rocket Market, Revenues & Volume, By Certification, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Guided Rocket Market, Revenues & Volume, By NATO Standard, 2021 - 2031 |
6.5.3 Global Guided Rocket Market, Revenues & Volume, By MIL-STD-461, 2021 - 2031 |
6.5.4 Global Guided Rocket Market, Revenues & Volume, By ISO 9001, 2021 - 2031 |
7 North America Guided Rocket Market, Overview & Analysis |
7.1 North America Guided Rocket Market Revenues & Volume, 2021 - 2031 |
7.2 North America Guided Rocket Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Guided Rocket Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Guided Rocket Market, Revenues & Volume, By Propulsion System, 2021 - 2031 |
7.5 North America Guided Rocket Market, Revenues & Volume, By Guidance Technology, 2021 - 2031 |
7.6 North America Guided Rocket Market, Revenues & Volume, By End User, 2021 - 2031 |
7.7 North America Guided Rocket Market, Revenues & Volume, By Certification, 2021 - 2031 |
8 Latin America (LATAM) Guided Rocket Market, Overview & Analysis |
8.1 Latin America (LATAM) Guided Rocket Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Guided Rocket Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Guided Rocket Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Guided Rocket Market, Revenues & Volume, By Propulsion System, 2021 - 2031 |
8.5 Latin America (LATAM) Guided Rocket Market, Revenues & Volume, By Guidance Technology, 2021 - 2031 |
8.6 Latin America (LATAM) Guided Rocket Market, Revenues & Volume, By End User, 2021 - 2031 |
8.7 Latin America (LATAM) Guided Rocket Market, Revenues & Volume, By Certification, 2021 - 2031 |
9 Asia Guided Rocket Market, Overview & Analysis |
9.1 Asia Guided Rocket Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Guided Rocket Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Guided Rocket Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Guided Rocket Market, Revenues & Volume, By Propulsion System, 2021 - 2031 |
9.5 Asia Guided Rocket Market, Revenues & Volume, By Guidance Technology, 2021 - 2031 |
9.6 Asia Guided Rocket Market, Revenues & Volume, By End User, 2021 - 2031 |
9.7 Asia Guided Rocket Market, Revenues & Volume, By Certification, 2021 - 2031 |
10 Africa Guided Rocket Market, Overview & Analysis |
10.1 Africa Guided Rocket Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Guided Rocket Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Guided Rocket Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Guided Rocket Market, Revenues & Volume, By Propulsion System, 2021 - 2031 |
10.5 Africa Guided Rocket Market, Revenues & Volume, By Guidance Technology, 2021 - 2031 |
10.6 Africa Guided Rocket Market, Revenues & Volume, By End User, 2021 - 2031 |
10.7 Africa Guided Rocket Market, Revenues & Volume, By Certification, 2021 - 2031 |
11 Europe Guided Rocket Market, Overview & Analysis |
11.1 Europe Guided Rocket Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Guided Rocket Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Guided Rocket Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Guided Rocket Market, Revenues & Volume, By Propulsion System, 2021 - 2031 |
11.5 Europe Guided Rocket Market, Revenues & Volume, By Guidance Technology, 2021 - 2031 |
11.6 Europe Guided Rocket Market, Revenues & Volume, By End User, 2021 - 2031 |
11.7 Europe Guided Rocket Market, Revenues & Volume, By Certification, 2021 - 2031 |
12 Middle East Guided Rocket Market, Overview & Analysis |
12.1 Middle East Guided Rocket Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Guided Rocket Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Guided Rocket Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Guided Rocket Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Guided Rocket Market, Revenues & Volume, By Propulsion System, 2021 - 2031 |
12.5 Middle East Guided Rocket Market, Revenues & Volume, By Guidance Technology, 2021 - 2031 |
12.6 Middle East Guided Rocket Market, Revenues & Volume, By End User, 2021 - 2031 |
12.7 Middle East Guided Rocket Market, Revenues & Volume, By Certification, 2021 - 2031 |
13 Global Guided Rocket Market Key Performance Indicators |
14 Global Guided Rocket Market - Export/Import By Countries Assessment |
15 Global Guided Rocket Market - Opportunity Assessment |
15.1 Global Guided Rocket Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Guided Rocket Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Guided Rocket Market Opportunity Assessment, By Propulsion System, 2021 & 2031F |
15.4 Global Guided Rocket Market Opportunity Assessment, By Guidance Technology, 2021 & 2031F |
15.5 Global Guided Rocket Market Opportunity Assessment, By End User, 2021 & 2031F |
15.6 Global Guided Rocket Market Opportunity Assessment, By Certification, 2021 & 2031F |
16 Global Guided Rocket Market - Competitive Landscape |
16.1 Global Guided Rocket Market Revenue Share, By Companies, 2024 |
16.2 Global Guided Rocket Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |