The Rocket and Missile Global Market Report 2023, provides comprehensive information on the rocket and missile market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Rocket and Missile Global Market Report 2023, the global rocket and missile market size is expected to grow from $56.84 billion in 2022 to $60.39 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the rocket and missile market is expected to reach $73.91 billion in 2027 at a CAGR of 5.1%.
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Technological advancements are a key trend in gaining popularity in the rockets and missiles market. Major companies operating in the rockets and missiles market are focused on radar seeker technologies solutions to strengthen their position in the market. For instance, in April 2020, Raytheon Missiles & Defense, a US-based aerospace and defense company, launched an SM-2™ missile. The SM-2TM missile tracks threats near the water’s surface, guarding against anti-ship missiles and aircraft for up to 90 nautical miles. It includes radar seeker technology in continuous wave and interrupted continuous waveguiding modes, tail controls, solid rocket motor propulsion to engage high-speed maneuvering threats, and upgraded radar targeting and directed warheads.
The rocket and missile market is segmented:
1) By Type: Missile, Rocket
2) By Guidance Type: Guided, Self-Guided
3) By Propulsion Type: Ramjet, Turbojet, Scramjet, Liquid Propulsion, Solid Propulsion, Hybrid Propulsion
4) By Platform: Air-to-Air, Air-to-Surface, Surface-to-Air, Surface-to-Surface, Air-to-Marine, Marine-to-Air
North America was the largest region in the rocket and missile market in 2022.
The table of contents in TBRC’s rocket and missile market report includes:
1. Executive Summary
2. Rocket and Missile Market Characteristics
3. Rocket and Missile Market Trends And Strategies
4. Rocket and Missile Market – Macro Economic Scenario
5. Rocket and Missile Market Size And Growth
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26. Africa Rocket and Missile Market
27. Rocket and Missile Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rocket and Missile Market
29. Rocket and Missile Market Future Outlook and Potential Analysis
30. Appendix
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