Press release
Exploring the Growth Trajectory of the Global Rocket and Missiles Market Towards $82.0 Billion Globally, by 2031
Rocket and Missiles Market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A09635
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.
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ฒ ๐๐๐๐
Based on region, North America held the highest market share in terms of revenue 2021, accounting for around two-fifths of the global rocket and missiles market. This is 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. However, the Asia-Pacific region is expected to witness the fastest ๐๐๐๐ ๐จ๐ ๐.๐% from 2022 to 2031, 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.
๐๐ก๐ ๐๐ซ๐ฎ๐ข๐ฌ๐ ๐ฆ๐ข๐ฌ๐ฌ๐ข๐ฅ๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on product, the cruise missiles segment held the highest market share in 2021, accounting for nearly half of the global rocket and missiles market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, this segment is projected to manifest the highest ๐๐๐๐ ๐จ๐ ๐.๐% from 2022 to 2031, owing to rise in demand and development of cruise missiles throughout the world.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ - https://www.alliedmarketresearch.com/rocket-and-missiles-market/purchase-options
๐๐ก๐ ๐ ๐ซ๐จ๐ฎ๐ง๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on platform, the ground segment accounted for the largest share in 2021, contributing to nearly half of the global rocket and missiles market, and is projected to maintain its lead position during the forecast period. This is owing to high demand for ground-based rockets and missiles systems globally. However, the airborne segment is expected to portray the largest ๐๐๐๐ ๐จ๐ ๐.๐% from 2022 to 2031, owing to rise in investments to develop fast and accurate air-deployed rockets and missiles globally.
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.
๐๐ซ๐ข๐ฆ๐ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐๐ง๐ญ๐ฌ ๐จ๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
The increase in territorial conflicts, the rise in need for advanced rockets and missiles to counter the modern combat around the country's border, and the surge in defense budget of emerging economies drive the growth of the global rocket and missiles market. However, strict regulations related to arms use & transfer and high-cost associated with rocket and missile technology are the factors that are anticipated to hamper the market growth. Contrarily, the rise in the adoption of hypersonic missile systems and the preference for automatic target recognition (ATR) missile systems present new opportunities in the coming years.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A09635
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.
๐๐ญ๐ก๐๐ซ ๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ
Nuclear Bombs and Missiles Market - https://www.alliedmarketresearch.com/nuclear-missiles-and-bombs-market-A10717
Hypersonic Missiles Market - https://www.alliedmarketresearch.com/hypersonic-missile-market-A14493
Missile Launching Systems Market - https://www.alliedmarketresearch.com/missile-launching-systems-market-A09626
Ballistic Missile Market - https://www.alliedmarketresearch.com/ballistic-missile-market-A10695
Rocket Launchpad Market - https://www.alliedmarketresearch.com/rocket-launchpad-market-A10831
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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