Press Releases

The report "Rocket and Missile Market by Speed (Subsonic, Supersonic, and Hypersonic), by Propulsion Type (Solid, Liquid, Hybrid, Scramjet, Turbojet, and Ramjet), by Launch Mode (Surface to Surface, Surface to Air, Air to Air, Air to Surface, and Subsea to Surface), by Product (Cruise Missiles, Ballistic Missiles, Rockets, and Torpedoes) - Global Forecast to 2030", The global rocket and missile market is expected to grow at a 6% CAGR during the forecast period. Rockets are unguided, self-propelled weapons that are driven by rocket motors or jet engines. Missiles are self-propelled, guided weapons that are employed in air-to-air, surface-to-air, and air-to-surface combat. Due to their versatility as long-range, medium-range, or short-range missiles, rockets and missiles are essential in every fight. Thus, the defense forces in the developed and emerging economies are having huge market demand for technologically developed rockets and missiles to combat war situations. Moreover, the upsurge in geopolitical instabilities globally is one of the primary factors that is propelling the market growth of the global rocket and missile industry.  The market expansion is further accelerated by the increase in defense spending by developing countries like China and India and the rising miniaturization of missiles and their components as well as the advancement in military technology. Various governments, including the United States, China, India, and Russia, are investing heavily in modernizing their military forces. As a result, many weapon manufacturers are shifting their focus to designing rockets and missiles.

On August 30, 2022, Saab announced that it had recently conducted the first test firing of the advanced Meteor Beyond Visual Range Air-to-Air Missile (BVRAAM) on its all-new Gripen E, with "a successful end-to-end target result."

Global Missile Defense System Market Segmentation and Key Players

Browse 63 market data Tables and 40 Figures spread through 200 Pages and in-depth TOC on " Rocket and Missile Market by Speed (Subsonic, Supersonic, and Hypersonic), by Propulsion Type (Solid, Liquid, Hybrid, Scramjet, Turbojet, and Ramjet), by Launch Mode (Surface to Surface, Surface to Air, Air to Air, Air to Surface, and Subsea to Surface), by Product (Cruise Missiles, Ballistic Missiles, Rockets, and Torpedoes), and Region - Global Forecast to 2030"

By launch mode, the Air to Surface segment is projected to have a high CAGR during the forecast period.

The global rocket and missile market are divided into Surface to Surface, Surface to Air, Air to Air, Air to Surface, and Subsea to Surface categories based on launch mode. The Air to Surface is anticipated to have a high CAGR during the forecast period owing to the increased adoption of guided missiles launched from fighter jets and helicopters.

“Asia-Pacific is anticipated to have the high CAGR in the Rocket and Missile Market during the forecast period.”

Asia-Pacific is anticipated to have a high CAGR during the forecast period owing to the increased expenditure on the defense budget and mounting terrorist activities in countries like India, Australia, and Indonesia, thereby fueling the market development of the rocket and missile industry.

Some of the major players in the global Rocket and Missile industry include Kongsberg Gruppen ASA, Lockheed Martin Corporation, Saab, Northrop Grumman Corporation, Raytheon Technologies Corporation, Thales, MBDA, Leonardo S.p.A., BAE Systems, and Denel Dynamics.

Global Rocket and Missile Market Coverage

Speed Insight and Forecast 2025-2030

• Subsonic
• Supersonic
• Hypersonic

Propulsion Type Insight and Forecast 2025-2030

• Solid
• Liquid
• Hybrid
• Scramjet
• Turbojet
• Ramjet

Launch Mode Insight and Forecast 2025-2030

• Surface to Surface
• Surface to Air
• Air to Air
• Air to Surface
• Subsea to Surface

Product Insight and Forecast 2025-2030

• Cruise Missiles
• Ballistic Missiles
• Rockets
• Torpedoes

Geographical Segmentation

Rocket and Missile Market by Region

North America

• By Speed
• By Propulsion Type
• By Launch Mode
• By Product
• By Country – U.S., Canada, and Mexico

Europe

• By Speed
• By Propulsion Type
• By Launch Mode
• By Product
• By Country – Germany, U.K., France, Italy, Spain, Russia, and the Rest of Europe

Asia-Pacific (APAC)

• By Speed
• By Propulsion Type
• By Launch Mode
• By Product
• By Country – China, Japan, India, South Korea, and the Rest of Asia-Pacific

Rest of the World (RoW)

• By Speed
• By Propulsion Type
• By Launch Mode
• By Product
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries