Market Overview:
The latest report published by VynZ Research, Global Rocket and Missile Market - Analysis and Forecast (2025-2030), offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The Global Rocket and Missile Market is expected to grow at a 6.8% CAGR during the forecast period to reach USD 80.5 billion by 2030 from USD 60 billion in 2023.
A rocket is a machine with a high-tech reaction motor. It transports its oxidant to boost a launch vehicle. While, a missile is an unmanned vehicle that includes a guiding mechanism which is united with an explosive material.
The budget allocated for the research and development activities specifically in aerospace and defense sectors for better advanced missiles is a notable trend. The demand for sophisticated rockets and missiles is rising from developing countries like South Korea and India.
In advanced countries like the United States, the budget allocation for defense sector is rising which is the major growth driver of the global rocket and missiles market. Growing interest in indulging in arms race with countries interested in procuring more missiles and the rising tension among neighboring countries is too responsible for the market growth. Furthermore, the growth of the market is contributed by the international collaboration for global security and space exploration.
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Rocket and Missile Market 2025-2030 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the Rocket and Missile Market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Kongsberg Gruppen ASA
Lockheed Martin Corporation
Saab
Northrop Grumman Corporation
Raytheon Technologies Corporation
Thales
MBDA
Leonardo S.p.A.
BAE Systems
Denel Dynamics
Key Market Segmentation:
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
Explore Full Report with TOC & List of Figure:
Key Highlights of the Report:
Market Performance (2018-2023)
Base Year 2024
Market Outlook (2025-2030)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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