Prominent Rocket and Missile Market Trend for 2025: Strategic Innovations In The Rocket And Missile Market

What market dynamics are playing a key role in accelerating the growth of the rocket and missile market?
The increase in terrorist activities and geopolitical uncertainties is anticipated to propel the expansion of the rockets and missiles market. Terrorism, characterized by employing threat or violent acts to instill fear, aims to manipulate or compel a government and its citizens to advocate specific political or societal objectives. Such conflict and extreme political activities stimulate the widespread use of rockets and missiles to ensure border safety, protecting international land borders from any illegal activities. For example, the US Customs and Border Protection Enforcement Statistics 2022 reported a significant escalation in total enforcement action, up from 646, 822 in 2020 to 2, 493, 721 in 2022. Consequently, the upswing in terrorism and geopolitical instabilities fuels the growth of the rocket and missile market.

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How will the growth rate of the rocket and missile market shape industry trends by 2034?
The size of the rocket and missile market has experienced substantial growth in the past few years. The growth is projected to continue, with the market size ballooning from $64.14 billion in 2024 to $68.6 billion in 2025, resulting in a compound annual growth rate (CAGR) of 6.9%. Reasons behind the growth in the historic period include factors such as military and defense spending, geopolitical unrest, the dynamics of the arms race, programs related to space exploration, changes in warfare approaches, and initiatives towards defense modernization.

In the coming years, the market size for rockets and missiles is anticipated to experience robust growth. The market is projected to expand to $87.97 billion by 2029, with a compound annual growth rate (CAGR) of 6.4%. This growth in the projection period can be credited to factors such as space tourism and lunar expeditions, the advent of new threats, an increase in the deployment of commercial satellites, and space commercialization. The major trends anticipated during the forecast period encompass environmentally friendly propulsion, AI and autonomous systems, technology miniaturization, and AI-driven technology solutions.

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What trends are poised to drive the future success of the rocket and missile market?
Major enterprises in the missile and rocket market are innovating with cutting-edge technologies like air missiles to extend their customer reach, multiply their sales, and enhance their revenue stream. An air missile, otherwise known as a guided missile or simply 'missile' is a precision-engineered projectile designed to navigate through the air to a particular target. A concrete example is Bharat Dynamics Limited (BDL), an Indian company specializing in missile and ammunition manufacturing. In February 2023, BDL unveiled the Vertical Launched VL SR SAM, a Semi-Active Laser Seeker Homing Anti-Tank Guided Missile and Drone Delivered Missile. This VL SR SAM distinguishes itself as an advanced, all-weather air defense system to be employed on ships, swiftly responding and defending against supersonic sea-skimming threats. This next-gen system houses a canisterized missile, Weapon Control System (WCS), Vertical Launcher Unit (VLU), Multi-Function Radar (MFR), Launcher Control System (LCS), Data Link Transceiver (DLX), and Inertial Navigation System (INS), providing an all-encompassing defense mechanism. The Semi-Active Laser Seeker Homing Anti-Tank Guided Missile, characterized as subsonic, covers a range of 4000 meters and takes 25 seconds to reach its destination. Its versatility allows for deployment from a tripod or a BMP, providing adaptability in various situations. The Drone Delivered Missile, appealing for its lightweight and miniaturized design, is specifically built to engage soft-skinned targets. With a range of 1.5 km and an efficient flight time of 9 seconds, it can efficiently and accurately counter threats posed by drones.

Which primary segments of the rocket and missile market are driving growth and industry transformations?
The rocket and missile market covered in this report is segmented -

1) By Type: Missile, Rocket
2) By Guidance Type: Guided, Self-Guided
3) By Propulsion Type: Ramjet, Turbojet, Scramjet, Liquid Propulsion, Solid Propulsion, Hybrid Propulsion
4) By Platform: Air-To-Air, Air-To-Surface, Surface-To-Air, Surface-To-Surface, Air-To-Marine, Marine-To-Air

Subsegments:
1) By Missile: Tactical Missiles, Strategic Missiles, Cruise Missiles, Ballistic Missiles, Air-To-Air Missiles, Surface-To-Air Missiles
2) By Rocket: Launch Vehicles, Space Rockets, Sounding Rockets, Military Rockets, Propellant Rockets

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Which geographical regions are pioneering growth in the rocket and missile market?
North America was the largest region in the rocket and missile market analysis in 2024. The regions covered in the rocket and missile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the influential players reshaping the rocket and missile market landscape?
Major companies operating in the rocket and missile market are 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

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What Is Covered In The Rocket and Missile Global Market Report?

• Market Size Forecast: Examine the rocket and missile market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the rocket and missile market for a structured understanding.
• Key Players Overview: Analyze major players in the rocket and missile market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the rocket and missile market.
• Segment Contributions: Evaluate how different segments drive overall growth in the rocket and missile market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the rocket and missile market.
• Industry Challenges: Identify potential risks and obstacles affecting the rocket and missile market.
• Competitive Landscape: Review strategic developments in the rocket and missile market, including expansions, agreements, and new product launches.

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