What is Missile and Rocket?
A rocket is a device that uses a rocket engine to drive itself at high speed. Rockets work more competently in space owing to this factor rockets are used for launch satellites, fireworks, space exploration, etc. Rockets are highly used typically creating a high-speed exhaust as well as space shuttles into space. The missile is designed to deliver an explosive warhead with great accuracy and high speed. Missiles are highly used for land attack missions.
The market study is broken down by Type (Rocket [Solid-Fuel Rocket, Liquid-Fuel Rocket, Ion Rocket, Plasma Rocket, ], Missile [Conventional guided missiles, Cruise missiles, Ballistic missiles and ]) and major geographies with country level break-up.
The Global Missile and Rocket is a fragmented market due to the presence of various players. The players are focusing on investing more in research & development activities and investing in it. These will boost new product launches and enhance their market presence. The companies are also planning n strategic activities like a merger, acquisitions, and partnerships, which will help sustain them in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lockheed Martin (United States), MBDA Holdings SAS (France), Rafael Advanced Defense Systems Ltd. (Israel), The Raytheon Company (United States), Saab AB (Sweden), Nammo as (Norway), Kongsberg Gruppen ASA (Norway), Thales Group (France), General Dynamics Corporation (United States) and Mesko S.A. (Poland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Denel Dynamics (South Africa) and Roketsan A.S. (Turkey).
AdvanceMarketAnalytics has segmented the market of Global Missile and Rocket market by Type, Application and Region.
On the basis of geography, the market of Missile and Rocket has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Propulsion, the sub-segment i.e. Chemical Propulsion will boost the Missile and Rocket market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Launch Mode, the sub-segment i.e. Air-to-air will boost the Missile and Rocket market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Range, the sub-segment i.e. Short will boost the Missile and Rocket market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 21st December 2020, Lockheed Martin acquire Aerojet Rocketdyne, a rocket engine and missile manufacturer, for USD 4.4 billion. This acquisition adds significant expertise in propulsion to Lockheed Martin's portfolio. With the acquisition, both companies bring advanced technologies together with their expertise and resources.
On 29th March 2021, Lockheed Martin received USD 1.12 billion contracts from the U.S. Army for the production of over 9,000 Guided Multiple Launch Rocket System (GMLRS) Unitary and Alternative-Warheads rockets. Lockheed Martin developing the extended range of GMLRS to provide the same accuracy and reliability.
- Missiles and Rockets Have More Ability to Defend Whole Regions of Territory
- Rising Usage of Missiles and Rockets in Warheads
- The rise in usage of Military Purposes
- Increasing Number of Satellite Launches
- Emerging Economies Including India and China Create Lucrative Opportunities
- Decrease in Military Activities Because of COVID-19
- Restrictions on Travelling
- Problems with the High material Cost for manufacturing purposes can hinder the Missiles and Rocket market
Key Target AudienceMissile and Rockets Manufacturers, Touchless Tubes Suppliers and Distributors, Potential Investors and Financial Institution, Research and Development Institutes, Regulatory Bodies, End Users and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Lockheed Martin (United States), MBDA Holdings SAS (France), Rafael Advanced Defense Systems Ltd. (Israel), The Raytheon Company (United States), Saab AB (Sweden), Nammo as (Norway), Kongsberg Gruppen ASA (Norway), Thales Group (France), General Dynamics Corporation (United States) and Mesko S.A. (Poland) etc.
2. Can we have customized study for Missile and Rocket Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Missile and Rocket Market by 2026?
Analysts at AMA estimates Missile and Rocket Market to reach USD Million by 2026.