Press release
Rocket and Missiles Market Expected to Reach $82.0 Billion by 2031
Rocket and Missiles Market
North America was the highest revenue contributor. The U.S. dominated the global rockets and missile market Size share in North America in 2021, owing to increase in R&D activities; technological developments by key players; and rapid adoption of innovative technologies in making advanced, reliable, precise, and efficient warfare, security, and defense systems. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in procurement and development of advanced missile and rocket systems across several Asian nations, for instance, China, India, Japan, and South Korea.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/10000
Rockets and missiles are heavy weapon systems designed to destroy any adversary's or terrorist group's missiles or rockets, including planes, tanks, artillery, ships, helicopters, armored vehicles, and other adversaries. Furthermore, rockets and missiles are designed to deliver an explosive warhead with high speed and accuracy. Such weapons are mostly used in military activities, particularly to defend their countries from any enemy assaults. The fundamental difference between a missile and a rocket is that missiles are self-propelled.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐จ๐๐ค๐๐ญ๐ฌ ๐๐ง๐ ๐ฆ๐ข๐ฌ๐ฌ๐ข๐ฅ๐๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
BAE Systems Plc,
Elbit Systems Ltd.,
Israel Aerospace Industries Ltd. (IAI),
Kongsberg Gruppen,
LIG Nex1,
Lockheed Martin Corporation,
Northrop Grumman Corporation,
Raytheon Technologies Corporation,
Saab AB,
Thales Group,
Boeing Company.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/10000
The rockets and missiles market has witnessed significant growth in recent years, owing to rise in border disputes and the consequent increase in procurement and development of state of the art rockets & missiles to strengthen the modern combat capabilities. For instance, in April 2022, Russia expanded the scale of its missile strikes on Kyiv in response to Ukrainian forces' attacks or sabotage on Russian territory. In addition, in September 2020, the conflict between Armenia and Azerbaijan over the disputed Nagorno-Karabakh region included the heavy use of missiles, drones, and rocket artillery.
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
โ By speed, the hypersonic segment is expected to register a significant growth during the forecast period.
โ On the basis of product, the cruise missiles segment is anticipated to exhibit significant growth in future.
โ According to guidance, the guided segment is projected to lead the global rockets and missiles market.
โ According to platform, the airborne segment is projected to lead the global rockets and missiles market.
โ Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ - https://www.alliedmarketresearch.com/rocket-and-missiles-market/purchase-options
๐๐ญ๐ก๐๐ซ ๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ
Missile Guidance System Market - https://www.alliedmarketresearch.com/missile-guidance-system-market-A06204
C5ISR Market - https://www.alliedmarketresearch.com/c5isr-market
Ballistic Protection Market - https://www.alliedmarketresearch.com/ballistic-protection-market-A09053
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