What is Rocket and Missile Market?
Rocket is a large cylinder-shaped object that moves forward by forcing out burning gases at the backend. It can be used space travel or as a weapon. The missile is a rocket-propelled weapon. Rocket and missile system is a weapons system that delivers explosive warheads to their target by means of rocket propulsion. It contains some form of the guidance system and it can be guided by the ground-based command system.
Highlights from Rocket and Missile Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | MBDA Inc. (United Kingdom), Lockheed Martin Corporation (United States), Saab AB (Sweden), Rafael Advanced Defense Systems Ltd (Israel), Raytheon Company (United States), General Dynamics Corporation (United States), Roketsan A.S. (Turkey), BAE Systems (United Kingdom), Northrop Grumman Corporation (United States) and Boeing (United States) |
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Rocket and Missile market throughout the forecasted period.
MBDA Inc. (United Kingdom), Lockheed Martin Corporation (United States), Saab AB (Sweden), Rafael Advanced Defense Systems Ltd (Israel), Raytheon Company (United States), General Dynamics Corporation (United States), Roketsan A.S. (Turkey), BAE Systems (United Kingdom), Northrop Grumman Corporation (United States) and Boeing (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Thales Group (France) and Leonardo S.p.A. (Italy). Rocket and Missile Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Surface-to-Surface (SSM), Surface-to-Air (SAM), Air-to-Surface (ASM), Air-to-Air (AAM) and Subsea-to-Surface (SuSM) |
Type | Ballistic Missile {Short Range, Medium Range, Intermediate Range and Intercontinental Range} and Cruise Missile {Short Range (less than 300 km), Medium Range (300-1000 km) and Long Range (Greater Than 1000 km)} |
Propulsion | Scramjet,Ramjet,Liquid Propulsion,Hybrid Propulsion,Solid Propulsion |
On the basis of geography, the market of Rocket and Missile 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Technological Advanced Rockets and Missiles
Market Growth Drivers:
Growing Defense Budgets of the Developing Countries Due To Increase in Terrorist Activities, Changing Nature of Warfare Worldwide and High Accuracy and Precision in Targeting the Object by Rockets and Missiles
Challenges:
Issues Related To Integration of a Missile
Restraints:
High Cost of the Rocket and Missile System and Requirement of Maintenance of the System
Opportunities:
Increasing Demand for Rocket and Missile System Worldwide
Key Target Audience
Rocket and Missile Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Market Leaders & Development Strategies
On 1st September 2017, defense and security company Saab and Indian infrastructure conglomerate Adani Group announced a collaboration plan within aerospace and defense in India.
On 23rd August 2018, Defense giant Rafael Advanced Defense Systems Ltd. selected to provide several weapon systems to the Australian Defense Force including the Spike LR2 fifth-generation anti-tank guided weapon and Trophy Active Protection System.