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Rocket and Missile Global Market Report 2025: Impressive Growth from $64.14 Billion to $68.6 Billion Predicted by 2025 at a CAGR of 6.9%
Rocket and Missile Global Market Trends
What Is The Projected Market Size Of The Global Rocket and Missile Global Market Report 2025 And Its Growth Rate?
• The rocket and missile market size has grown from $64.14 billion in 2024 to an estimated $68.6 billion in 2025 at a projected CAGR of 6.9%.
• These predictions are influenced by factors such as military and defense expenditure, geopolitical tensions, and arms race dynamics.
• Furthermore, the market is projected to reach $87.97 billion by 2029 at a CAGR of 6.4%, driven by emerging trends such as space tourism, lunar missions, and advancements in commercial satellite deployment.
What Is Driving The Growth In The Rocket and Missile Global Market Report 2025?
The rise in terrorism and geopolitical instabilities is expected to drive growth in the rocket and missile market. Threats and violence used by terrorists to incite fear and impose political or social goals leads to increased use of rockets and missiles, particularly at international borders, to combat illicit activities. As per the US Customs and Border Protection Enforcement Statistics 2022, total enforcement action escalated from 646,822 in 2020 to 2,493,721 in 2022. Therefore, the rise in terrorism and geopolitical instability significantly drives the rocket and missile market growth.
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Who Are the Key Players Driving Rocket and Missile Global Market Report 2025 Growth?
• Denel Dynamics (Pty) Ltd.
• General Dynamics Corporation
• Kongsberg Defence & Aerospace AS
• Lockheed Martin Corporation
• MBDA Incorporated
• Roketsan Roket Sanayii ve Ticaret A.S.
• Mesko S.A.
• Nordic Ammunition Company
• Rafael Advanced Defense Systems Ltd.
• Raytheon Technologies Corporation
• Saab AB
• Thales Group
• Bharat Dynamics Limited
• Aerojet Rocketdyne Holdings Inc.
• Hindustan Aeronautics Limited
• Larsen & Toubro Ltd.
• Rostec State Corporation
• Tactical Missiles Corporation
• Almaz-Antey Concern
• Novator Design Bureau
• JSC Makeyev Design Bureau
• Yuzhnoye Design Office
• YUZHMASH
• Pakistan Ordnance Factories
• Konstruktorskoye Byuro Radioelektronnykh Priborov
• NPO Mashinostroyenia
• The Boeing Company
• Northrop Grumman
• Defence Research and Development Organisation.
What Are The Key Trends In The Rocket and Missile Global Market Report 2025?
• Environmentally sustainable propulsion
• Artificial intelligence and autonomous systems
• Technological miniaturization
• AI-based technological solutions
What Are The Segments Of The Global Rocket and Missile Global Market Report 2025?
• 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
Which Region Leads The Rocket and Missile Global Market Report 2025?
North America was the largest region in the rocket and missile market in 2024, demonstrating significant growth in this sector. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Rocket and Missile Global Market Report 2025 Global Market Report?
Market Size Analysis: Analyze the Rocket and Missile Global Market Report 2025 size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Rocket and Missile Global Market Report 2025 for effective categorization.
Key Player Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Rocket and Missile Global Market Report 2025 growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Rocket and Missile Global Market Report 2025.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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