Product Code: ETC13304392 | 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 Rocket and Missile Market was valued at USD 66.1 Billion in 2024 and is expected to reach USD 89.4 Billion by 2031, growing at a compound annual growth rate of 5.43% during the forecast period (2025-2031).
The global rocket and missile market is experiencing steady growth driven by increasing defense spending, technological advancements, and geopolitical tensions. Key players in the market include Lockheed Martin Corporation, Raytheon Technologies, Northrop Grumman Corporation, and BAE Systems. The market is segmented into various categories such as ballistic missiles, cruise missiles, anti-tank missiles, and surface-to-air missiles. Factors such as the modernization of military arsenals, the development of hypersonic missiles, and the rising demand for precision-guided munitions are expected to fuel market growth. Additionally, the increasing focus on counter-terrorism operations and the need for enhanced border security are further driving the demand for rockets and missiles. Geopolitical conflicts and territorial disputes in regions like the Middle East, Asia-Pacific, and Eastern Europe are also driving market growth.
The Global Rocket and Missile Market is experiencing significant growth driven by increasing defense spending, technological advancements, and geopolitical tensions. The demand for precision-guided munitions, hypersonic weapons, and ballistic missiles is on the rise, driving opportunities for market players to innovate and expand their product offerings. Additionally, the commercial space industry is witnessing a surge in satellite launches and space exploration missions, further boosting the demand for rockets and missiles. Key trends in the market include the development of reusable rockets, advancements in propulsion technologies, and the increasing focus on autonomous and network-centric warfare capabilities. Market players can capitalize on these trends by investing in research and development, forging strategic partnerships, and offering cost-effective solutions to meet the evolving needs of defense and space exploration sectors.
The Global Rocket and Missile Market faces several challenges, including regulatory restrictions on missile development and testing, geopolitical tensions affecting demand and supply chains, and technological advancements leading to rapid obsolescence of existing products. Additionally, cost limitations in defense budgets and the increasing complexity of missile systems pose challenges for manufacturers to keep up with evolving requirements and specifications. Competition among market players also intensifies as countries seek to enhance their military capabilities, leading to pricing pressures and the need for continuous innovation. Moreover, concerns over proliferation and arms control agreements further impact market dynamics, requiring companies to navigate stringent export controls and compliance measures to ensure market growth and sustainability.
The global rocket and missile market is primarily driven by increasing defense spending by various countries to strengthen their military capabilities, as well as ongoing geopolitical tensions and conflicts around the world. Technological advancements leading to the development of more sophisticated and precise rocket and missile systems are also fueling market growth. Additionally, the growing emphasis on border security, counter-terrorism operations, and the need to safeguard national interests are key factors boosting the demand for rockets and missiles in the global market. Furthermore, the rise of asymmetric warfare and the increasing adoption of unmanned aerial vehicles (UAVs) for military applications are expected to further drive the market for rocket and missile systems in the coming years.
Government policies related to the Global Rocket and Missile Market are primarily focused on regulating arms exports, ensuring national security, and promoting domestic defense industries. Countries often have strict controls in place to prevent the proliferation of advanced missile technology, with export licenses required for the transfer of missile systems. Governments also invest heavily in research and development to advance their own missile capabilities, frequently collaborating with defense contractors. Additionally, international agreements such as the Missile Technology Control Regime (MTCR) aim to prevent the spread of ballistic missile technology to non-participating countries. Overall, government policies in the rocket and missile market are shaped by national security concerns, defense industry competitiveness, and efforts to maintain strategic balance among nations.
The Global Rocket and Missile Market is poised for steady growth in the coming years, driven by increasing defense budgets worldwide and the escalating arms race among major countries. Technological advancements in missile systems, such as hypersonic missiles and precision-guided munitions, are expected to fuel market expansion. Additionally, the rising demand for missile defense systems to counter evolving threats like ballistic missiles and unmanned aerial vehicles will contribute to market growth. The market is also likely to benefit from the growing focus on space exploration and satellite launches. However, regulatory challenges and geopolitical tensions could pose risks to market development. Overall, the Global Rocket and Missile Market is anticipated to experience robust growth in the future, with innovation and defense modernization driving demand for advanced missile technologies.
In the global rocket and missile market, Asia is expected to witness significant growth driven by increasing defense spending in countries like China and India. North America is likely to maintain its dominant position due to ongoing modernization programs by the US military. Europe is experiencing a rise in investments in missile defense systems and precision-guided munitions. The Middle East and Africa region is anticipated to see steady growth, with countries like Saudi Arabia and the UAE investing in missile defense capabilities. Latin America is also showing potential for market growth with countries like Brazil and Mexico upgrading their missile systems. Overall, the global rocket and missile market is dynamic, with diverse regional trends shaping the industry landscape.
Global Rocket and Missile 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 Rocket and Missile Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Rocket and Missile Market Revenues & Volume, 2021 & 2031F |
3.3 Global Rocket and Missile Market - Industry Life Cycle |
3.4 Global Rocket and Missile Market - Porter's Five Forces |
3.5 Global Rocket and Missile Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Rocket and Missile Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Rocket and Missile Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.8 Global Rocket and Missile Market Revenues & Volume Share, By Launch Mode, 2021 & 2031F |
3.9 Global Rocket and Missile Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
4 Global Rocket and Missile Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Rocket and Missile Market Trends |
6 Global Rocket and Missile Market, 2021 - 2031 |
6.1 Global Rocket and Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Rocket and Missile Market, Revenues & Volume, By Missile, 2021 - 2031 |
6.1.3 Global Rocket and Missile Market, Revenues & Volume, By Rocket, 2021 - 2031 |
6.2 Global Rocket and Missile Market, Revenues & Volume, By Platform, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Rocket and Missile Market, Revenues & Volume, By Airborne, 2021 - 2031 |
6.2.3 Global Rocket and Missile Market, Revenues & Volume, By Naval, 2021 - 2031 |
6.2.4 Global Rocket and Missile Market, Revenues & Volume, By Ground, 2021 - 2031 |
6.3 Global Rocket and Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Rocket and Missile Market, Revenues & Volume, By Surface-to-Surface, 2021 - 2031 |
6.3.3 Global Rocket and Missile Market, Revenues & Volume, By Surface-to-Air, 2021 - 2031 |
6.3.4 Global Rocket and Missile Market, Revenues & Volume, By Air-to-Air, 2021 - 2031 |
6.3.5 Global Rocket and Missile Market, Revenues & Volume, By Air-to-Surface, 2021 - 2031 |
6.3.6 Global Rocket and Missile Market, Revenues & Volume, By Subsea-to-Surface, 2021 - 2031 |
6.4 Global Rocket and Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Rocket and Missile Market, Revenues & Volume, By Solid, 2021 - 2031 |
6.4.3 Global Rocket and Missile Market, Revenues & Volume, By Liquid, 2021 - 2031 |
6.4.4 Global Rocket and Missile Market, Revenues & Volume, By Hybrid, 2021 - 2031 |
6.4.5 Global Rocket and Missile Market, Revenues & Volume, By Scramjet, 2021 - 2031 |
6.4.6 Global Rocket and Missile Market, Revenues & Volume, By Cryogenic, 2021 - 2031 |
6.4.7 Global Rocket and Missile Market, Revenues & Volume, By Ramjet, 2021 - 2031 |
7 North America Rocket and Missile Market, Overview & Analysis |
7.1 North America Rocket and Missile Market Revenues & Volume, 2021 - 2031 |
7.2 North America Rocket and Missile Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Rocket and Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Rocket and Missile Market, Revenues & Volume, By Platform, 2021 - 2031 |
7.5 North America Rocket and Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
7.6 North America Rocket and Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
8 Latin America (LATAM) Rocket and Missile Market, Overview & Analysis |
8.1 Latin America (LATAM) Rocket and Missile Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Rocket and Missile Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Rocket and Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Rocket and Missile Market, Revenues & Volume, By Platform, 2021 - 2031 |
8.5 Latin America (LATAM) Rocket and Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
8.6 Latin America (LATAM) Rocket and Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
9 Asia Rocket and Missile Market, Overview & Analysis |
9.1 Asia Rocket and Missile Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Rocket and Missile Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Rocket and Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Rocket and Missile Market, Revenues & Volume, By Platform, 2021 - 2031 |
9.5 Asia Rocket and Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
9.6 Asia Rocket and Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
10 Africa Rocket and Missile Market, Overview & Analysis |
10.1 Africa Rocket and Missile Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Rocket and Missile Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Rocket and Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Rocket and Missile Market, Revenues & Volume, By Platform, 2021 - 2031 |
10.5 Africa Rocket and Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
10.6 Africa Rocket and Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
11 Europe Rocket and Missile Market, Overview & Analysis |
11.1 Europe Rocket and Missile Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Rocket and Missile Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Rocket and Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Rocket and Missile Market, Revenues & Volume, By Platform, 2021 - 2031 |
11.5 Europe Rocket and Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
11.6 Europe Rocket and Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
12 Middle East Rocket and Missile Market, Overview & Analysis |
12.1 Middle East Rocket and Missile Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Rocket and Missile Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Rocket and Missile Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Rocket and Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Rocket and Missile Market, Revenues & Volume, By Platform, 2021 - 2031 |
12.5 Middle East Rocket and Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
12.6 Middle East Rocket and Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
13 Global Rocket and Missile Market Key Performance Indicators |
14 Global Rocket and Missile Market - Export/Import By Countries Assessment |
15 Global Rocket and Missile Market - Opportunity Assessment |
15.1 Global Rocket and Missile Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Rocket and Missile Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Rocket and Missile Market Opportunity Assessment, By Platform, 2021 & 2031F |
15.4 Global Rocket and Missile Market Opportunity Assessment, By Launch Mode, 2021 & 2031F |
15.5 Global Rocket and Missile Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
16 Global Rocket and Missile Market - Competitive Landscape |
16.1 Global Rocket and Missile Market Revenue Share, By Companies, 2024 |
16.2 Global Rocket and Missile Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |