
The global rocket and missile industry is evolving rapidly, driven by technological advancements, shifting military strategies, and increasing geopolitical tensions. Projected to reach USD 85.22 billion by 2029, up from USD 62.50 billion in 2024, at a CAGR of 6.4%, the market is experiencing significant growth as nations prioritize defense modernization and strategic deterrence capabilities.
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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203298804 Key Market Drivers Growing Defense Budgets: Governments worldwide are increasing military spending to strengthen national security. Emerging Warfare Strategies: Rising demand for precision-strike weapons for targeted military engagements. Breakthroughs in Missile Technology: Advancements in hypersonic missiles, AI-driven guidance systems, and stealth capabilities. Enhanced Missile Defense Systems: Rising investments in anti-missile technologies, including laser-based interceptors and AI-powered defense networks. Market Segmentation & Key Insights By Product Missiles: Dominating market share due to their adaptability and effectiveness. Rocket Artilleries: Increasing adoption for cost-effective strategic deterrence. Torpedoes: Continued demand in naval defense applications. By Speed Subsonic Missiles: Designed for stealth and low-cost operational efficiency. Supersonic Missiles: Balancing speed and precision for enhanced battlefield capabilities. Hypersonic Missiles: The future of warfare, offering unparalleled speed and unpredictability. By Propulsion Type Solid, Liquid & Hybrid Propulsion: Advancements improving efficiency, range, and adaptability. Ramjet & Turbojet Technologies: Enhancing missile speed and maneuverability. By Launch Mode Surface-to-Surface & Air-to-Surface Missiles: Leading due to versatility and cost-effectiveness. Submarine-Launched Missiles: Strategic naval assets for stealth missions. Surface-to-Air Systems: Crucial for missile defense infrastructure. Regional Analysis North America: Market leader with strong investments in cutting-edge missile technology. Europe: Rising collaborations and increased spending in defense modernization. Asia-Pacific: Rapid growth driven by territorial disputes and military advancements. Middle East & Rest of the World: High demand for missile defense amid regional conflicts. Competitive Landscape Leading defense contractors shaping the future of the market include: Lockheed Martin (US), RTX (US), Northrop Grumman (US), BAE Systems (UK), Boeing (US) Israel Aerospace Industries (Israel), Thales (France), MBDA (France), Saab AB (Norway), KONGSBERG (Norway) Hanwha Aerospace (South Korea), LIG Nex1 (South Korea), RAFAEL Advanced Defense Systems (Israel), Elbit Systems (Israel) Ask for Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=203298804 As warfare technology advances, the rocket and missile market is poised for transformative growth. Hypersonic missiles, AI-powered guidance, and next-gen propulsion systems will continue to shape the battlefield of the future. With nations heavily investing in defense preparedness and modernization, the industry is set for sustained expansion, ensuring superior strategic capabilities and national security enhancements worldwide.