Press release
Japan Cruise Missiles Market: Type 12 Missile Deployment & Regional Security By 2024-2031| Top Most Keyplayers - Lockheed Martin, Raytheon Technologies, Northrop Grumman, Boeing, General Dynamics
Market Size and Forecast:Japan Cruise Missiles Market reached US$ 1.4 billion in 2023 and is expected to reach US$ 2.1 billion by 2031, growing with a CAGR of 5.20%during the forecast period 2024-2031.
According to DataM Intelligence Comprehensive Report has released its latest report on the "Japan Cruise Missiles Market Size 2025," providing a detailed analysis of market trends, key growth drivers, competitive landscape, and regional insights. The report includes market size (value and volume), CAGR projections, and emerging opportunities that help businesses identify growth areas and build effective strategies. Backed by data-driven insights and future outlook, this study serves as a valuable resource for companies looking to stay competitive and capitalize on market potential.
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Industry Developments:
Japan Cruise Missiles: Recent Industry Developments
✅ In October 2025, Mitsubishi Heavy Industries was awarded a contract by the Ministry of Defense of Japan to mass-produce a submarine-launched cruise missile alongside an improved version of the Type 12 surface-to-ship missile, strengthening Japan's undersea and surface strike capabilities.
✅ In October 2025, Kawasaki Heavy Industries entered talks with Germany to co-develop a new turbofan engine for the Taurus cruise missile family, marking a strategic defense-technology partnership and enhancing Japan's export potential in precision weapons.
✅ In September 2025, the defense budget submitted by Japan included mass-production funding for the long-range, ship-launched improved Type 12 missile, along with plans to acquire submarine-launched cruise missiles for the country's latest submarines.
✅ In August 2025, Japan accelerated deployment timelines for the Type 12 surface-to-ship missile, announcing that deployment would be moved forward to March 2026 in response to rising regional security threats.
Latest M & A:
✅ The JMSDF's guided-missile destroyer JS Chokai is undergoing modifications in the U.S. to be equipped with Tomahawk cruise missiles, enabling strikes up to 1,000 miles targeting China and North Korea, with live-fire testing planned for next summer.
✅ Contracts also include development of new submarine-launched cruise missiles designed for discrete operations, expected to enter service in the latter half of the 2020s, likely based on a modified Type 12 missile with extended range.
✅ The improved Type 12 missile variant will have an extended range of up to 930 miles, land-attack capability, and reduced radar cross-section for enhanced survivability.
✅ Japan plans to transition its submarine fleet from current Harpoon missiles to the advanced long-range cruise missiles, significantly enhancing strike capabilities against naval and land targets including sites in China and North Korea.
✅ Kawasaki Heavy Industries is in discussions to co-develop engines for Germany's Taurus cruise missiles, indicating international collaboration in missile technology development.
✅ Japan aims to have Tomahawk missile capability installed on all eight of its Aegis destroyers, with around 200 Tomahawk Block V missiles slated for delivery between 2025 and 2027.
✅ The push for indigenous cruise missile production and enhanced standoff capabilities is a central element of Japan's defense strategy to counter threats from China and North Korea.
Major Key Player:
Lockheed Martin, Raytheon Technologies, Northrop Grumman, Boeing, General Dynamics, MBDA, Thales Group, Israel Aerospace Industries, BAE Systems plc and Aerojet Rocketdyne.
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Key Segments:
By Type:
Subsonic cruise missiles (largest share) - Retain dominance because they are cost-effective, widely deployed, and versatile across platforms.
Supersonic cruise missiles (second highest) - Growing significantly as militaries balance speed, cost and performance in next-gen systems.
By Launch Platform:
Air-launched platforms (largest share) - Lead due to flexibility, strategic reach and ease of deployment from aircraft.
Sea-launched platforms (second highest) - Strong share given the stealth, mobility and global strike capabilities of naval deployment.
By Range:
Long-range missiles (largest share ~45%) - Command the market as strategic reach and standoff capability become key priorities.
Medium-range missiles (next highest) - Hold significant share offering operational flexibility at lower cost and complexity.
By Warhead Type:
Conventional warheads (largest share) - Lead because most modern cruise missile deployments favour conventional payloads due to treaty/regulation constraints and tactical use.
Nuclear warheads (second highest) - Represent a smaller but strategic segment focused on deterrence and state-level capability.
By Propulsion System:
Solid propulsion (largest share) - Dominate due to maturity, reliability, and ease of storage/handling in missile systems.
Liquid or hybrid propulsion (next highest) - Gaining share as advanced systems (especially hypersonic) require higher performance even if more complex.
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