Rocket And Missile Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Rocket And Missile Global Market Report 2023 identifies rise in terrorism and geopolitical instabilities as the major driver for the Rocket And Missile market's growth in the forecast period. Terrorism uses threat or violence to instill fear in people to intimidate or force a government and citizens into supporting specific political or social goals. These conflict and political extremism activities promote the mass use of rockets and missiles for border safety by ensuring the security of international land borders from unlawful activities.

The global rocket and missile market size is expected to grow from $56.84 billion in 2022 to $60.39 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the rocket and missile market is expected to reach $73.91 billion in 2027 at a CAGR of 5.1%.

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Major competitors in the Rocket And Missile market are Denel Dynamics, General Dynamics Corporation, Kongsberg Defence and Aerospace, Lockheed Martin Corporation, MBDA Missile Systems Inc.

A key trend in the Rocket And Missile market includes technological advancements. Major companies operating in the rockets and missiles market are focused on radar seeker technologies solutions to strengthen their position in the market. For instance, in April 2020, Raytheon Missiles & Defense, a US-based aerospace and defense company, launched an SM-2™ missile. The SM-2TM missile tracks threats near the water's surface, guarding against anti-ship missiles and aircraft for up to 90 nautical miles. It includes radar seeker technology in continuous wave and interrupted continuous waveguiding modes, tail controls, solid rocket motor propulsion to engage high-speed maneuvering threats, and upgraded radar targeting and directed warheads.

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The Rocket And Missile market is segmented -
• By Type: Missile, Rocket
• By Guidance Type: Guided, Self-Guided
• By Propulsion Type: Ramjet, Turbojet, Scramjet, Liquid Propulsion, Solid Propulsion, Hybrid Propulsion
• By Platform: Air-to-Air, Air-to-Surface, Surface-to-Air, Surface-to-Surface, Air-to-Marine, Marine-to-Air
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Rocket And Missile market.

The Business Research Company's "Global Rocket And Missile Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Rocket And Missile Market Include:

1. Executive Summary
2. Rocket and Missile Market Characteristics
3. Rocket and Missile Market Trends And Strategies
4. Rocket and Missile Market - Macro Economic Scenario
5. Rocket and Missile Market Size And Growth
……………………………………………………………
26. Africa Rocket and Missile Market
27. Rocket and Missile Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rocket and Missile Market
29. Rocket and Missile Market Future Outlook and Potential Analysis
30. Appendix

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