Product Code: ETC13150136 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Rocket & Missile Market was valued at USD 56 Billion in 2024 and is expected to reach USD 78 Billion by 2031, growing at a compound annual growth rate of 5.00% during the forecast period (2025-2031).
The global rocket and missile market is experiencing steady growth driven by increasing defense spending, geopolitical tensions, and advancements in technology. Countries around the world are investing in the development and acquisition of rocket and missile systems to enhance their defense capabilities, leading to a growing demand for various types of missiles such as ballistic, cruise, and anti-tank missiles. Additionally, the increasing focus on precision strike capabilities and the modernization of existing missile systems are further propelling market growth. Key players in the industry are focusing on research and development to introduce technologically advanced missiles with improved accuracy, range, and stealth capabilities. The market is expected to continue expanding, driven by ongoing military modernization efforts and the need for effective defense systems in a rapidly evolving security landscape.
The Global Rocket & Missile Market is experiencing significant growth driven by increasing defense spending, technological advancements in missile systems, and rising geopolitical tensions. Key trends include the development of hypersonic missiles, increased interest in precision-guided munitions, and the integration of artificial intelligence and autonomous capabilities in missile systems. Opportunities in the market lie in the growing demand for long-range precision strike capabilities, the modernization of aging missile systems, and the expansion of missile defense systems. Additionally, the commercial space industry is driving innovation and investment in small satellite launch vehicles, presenting new avenues for growth in the rocket segment of the market. Overall, the Global Rocket & Missile Market is poised for expansion as countries seek to enhance their defense capabilities in an increasingly complex global security environment.
The Global Rocket & Missile Market faces several challenges, including stringent regulatory frameworks, geopolitical tensions impacting export opportunities, and the high costs associated with research, development, and manufacturing. Additionally, technological advancements and the emergence of alternative defense systems are increasing competition in the market, requiring companies to continually innovate to stay ahead. Supply chain disruptions, such as delays in raw material procurement and transportation, also pose challenges to meeting production timelines. Furthermore, the market is highly sensitive to government budgets and defense spending, making it susceptible to fluctuations based on political priorities and economic conditions. Overall, navigating these challenges requires companies in the Global Rocket & Missile Market to maintain flexibility, adaptability, and a strong understanding of geopolitical dynamics.
The Global Rocket & Missile Market is primarily driven by increasing defense spending by various countries to enhance their military capabilities, especially in light of rising geopolitical tensions and security threats. Technological advancements in propulsion systems, guidance systems, and materials have also fueled market growth, leading to the development of more sophisticated and accurate rocket and missile systems. Additionally, the growing demand for precision strike capabilities and the proliferation of asymmetric warfare tactics have further stimulated market expansion. The need for modernization and replacement of aging missile systems, as well as the focus on developing hypersonic and long-range missiles, are key factors driving the growth of the Global Rocket & Missile Market.
Government policies related to the Global Rocket & Missile Market vary among countries, but generally focus on regulations for export control, technology transfer, and arms control agreements. Countries like the US have strict regulations through the International Traffic in Arms Regulations (ITAR) and the Arms Export Control Act (AECA) to prevent the proliferation of sensitive defense technologies. Additionally, arms control agreements such as the Missile Technology Control Regime (MTCR) aim to limit the spread of missile technology that could be used for weapons of mass destruction. Governments also prioritize national security by investing in research and development for missile defense systems and exploring partnerships with other countries to strengthen missile defense capabilities. Overall, government policies in the Rocket & Missile Market are aimed at balancing national security interests with international cooperation and non-proliferation efforts.
The Global Rocket & Missile Market is expected to witness steady growth in the coming years, driven by increasing defense expenditures worldwide, advancements in missile technologies, and rising geopolitical tensions. The market is likely to be influenced by a growing demand for long-range precision strike capabilities, anti-ship and anti-aircraft missile systems, and missile defense systems. Additionally, the development of hypersonic missiles and increased focus on modernizing missile defense systems are anticipated to further fuel market growth. However, challenges such as stringent regulatory frameworks, high costs associated with research and development, and geopolitical uncertainties could impact the market`s growth trajectory. Overall, the Global Rocket & Missile Market is projected to expand, with key players focusing on innovation and strategic partnerships to maintain a competitive edge in the market.
The global rocket and missile market is experiencing significant growth across regions, with Asia leading the market due to increasing defense spending by countries like China and India. North America holds a prominent position in the market owing to the presence of major defense contractors and technological advancements in missile systems. Europe is also a key market player with initiatives for developing next-generation missile defense systems. The Middle East and Africa region is witnessing growth driven by geopolitical tensions and the need for advanced defense capabilities. Latin America is showing potential for market growth with rising defense budgets and the procurement of missile systems to enhance national security. Overall, the global rocket and missile market is dynamic and competitive, offering opportunities for industry players across different regions.
Global Rocket & 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 & Missile Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Rocket & Missile Market Revenues & Volume, 2021 & 2031F |
3.3 Global Rocket & Missile Market - Industry Life Cycle |
3.4 Global Rocket & Missile Market - Porter's Five Forces |
3.5 Global Rocket & Missile Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Rocket & Missile Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Rocket & Missile Market Revenues & Volume Share, By Launch Mode, 2021 & 2031F |
3.8 Global Rocket & Missile Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
4 Global Rocket & Missile Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Rocket & Missile Market Trends |
6 Global Rocket & Missile Market, 2021 - 2031 |
6.1 Global Rocket & Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Rocket & Missile Market, Revenues & Volume, By Missile, 2021 - 2031 |
6.1.3 Global Rocket & Missile Market, Revenues & Volume, By Rocket, 2021 - 2031 |
6.2 Global Rocket & Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Rocket & Missile Market, Revenues & Volume, By Surface-to-Surface (SSM), 2021 - 2031 |
6.2.3 Global Rocket & Missile Market, Revenues & Volume, By Surface-to-Air (SAM), 2021 - 2031 |
6.2.4 Global Rocket & Missile Market, Revenues & Volume, By Air-to-Surface (ASM), 2021 - 2031 |
6.2.5 Global Rocket & Missile Market, Revenues & Volume, By Air-to-Air (AAM), 2021 - 2031 |
6.2.6 Global Rocket & Missile Market, Revenues & Volume, By Subsea-to-Surface (SuSM), 2021 - 2031 |
6.3 Global Rocket & Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Rocket & Missile Market, Revenues & Volume, By Solid Propulsion, 2021 - 2031 |
6.3.3 Global Rocket & Missile Market, Revenues & Volume, By Liquid Propulsion, 2021 - 2031 |
6.3.4 Global Rocket & Missile Market, Revenues & Volume, By Hybrid Propulsion, 2021 - 2031 |
6.3.5 Global Rocket & Missile Market, Revenues & Volume, By Ramjet, 2021 - 2031 |
6.3.6 Global Rocket & Missile Market, Revenues & Volume, By Turbojet, 2021 - 2031 |
6.3.7 Global Rocket & Missile Market, Revenues & Volume, By Scramjet, 2021 - 2031 |
7 North America Rocket & Missile Market, Overview & Analysis |
7.1 North America Rocket & Missile Market Revenues & Volume, 2021 - 2031 |
7.2 North America Rocket & Missile Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Rocket & Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Rocket & Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
7.5 North America Rocket & Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
8 Latin America (LATAM) Rocket & Missile Market, Overview & Analysis |
8.1 Latin America (LATAM) Rocket & Missile Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Rocket & Missile Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Rocket & Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Rocket & Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
8.5 Latin America (LATAM) Rocket & Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
9 Asia Rocket & Missile Market, Overview & Analysis |
9.1 Asia Rocket & Missile Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Rocket & Missile Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Rocket & Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Rocket & Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
9.5 Asia Rocket & Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
10 Africa Rocket & Missile Market, Overview & Analysis |
10.1 Africa Rocket & Missile Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Rocket & Missile Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Rocket & Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Rocket & Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
10.5 Africa Rocket & Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
11 Europe Rocket & Missile Market, Overview & Analysis |
11.1 Europe Rocket & Missile Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Rocket & Missile Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Rocket & Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Rocket & Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
11.5 Europe Rocket & Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
12 Middle East Rocket & Missile Market, Overview & Analysis |
12.1 Middle East Rocket & Missile Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Rocket & Missile Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Rocket & Missile Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Rocket & Missile Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Rocket & Missile Market, Revenues & Volume, By Launch Mode, 2021 - 2031 |
12.5 Middle East Rocket & Missile Market, Revenues & Volume, By Propulsion, 2021 - 2031 |
13 Global Rocket & Missile Market Key Performance Indicators |
14 Global Rocket & Missile Market - Export/Import By Countries Assessment |
15 Global Rocket & Missile Market - Opportunity Assessment |
15.1 Global Rocket & Missile Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Rocket & Missile Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Rocket & Missile Market Opportunity Assessment, By Launch Mode, 2021 & 2031F |
15.4 Global Rocket & Missile Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
16 Global Rocket & Missile Market - Competitive Landscape |
16.1 Global Rocket & Missile Market Revenue Share, By Companies, 2024 |
16.2 Global Rocket & Missile Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |