Rocket and Missile Market Poised to Reach $77.4 Billion by 2028

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Rocket and Missile Market Poised to Reach
77.4 Billion by 2028 at a CAGR of 6.1
The Rocket and Missile Market is experiencing
significant growth, with projections indicating a
rise from USD 57.7 billion in 2023 to USD 77.4
billion by 2028, reflecting a Compound Annual
Growth Rate (CAGR) of 6.1. This
expansion attributed demand
is primarily to heightened for advanced
weaponry amidst increasing insurgency threats. The
for precision and minimizing
necessity attacks collateral
damage has

• underscored the importance of cutting-edge
  rockets and missiles.
• Key Market Players
• Prominent players in the market include
  Northrop
• Grumman Corporation, Lockheed Martin Corporation,
  BAE Systems, and Thales Group, with their
  operations spanning across regions including
  North America, Europe, Asia Pacific, and the Rest
  of the World.
• Download PDF Brochure _at_ https//www.marketsandmark
  ets.com/pdfdownloadNew.asp?id203298804 Key
  Market Insights
• Ballistic Missiles
• The ballistic missile segment is anticipated to
  exhibit the highest CAGR during the forecast
  period. These missiles possess the capability to
  deliver warheads over long distances, offering
  strategic advantages. Segmented into various
  ranges, they play a crucial role in achieving
  military objectives.
• Subsonic Speed Dominance
• Subsonic missiles accounted for the largest share
  in 2023. Characterized by speeds slower than the
  sound barrier, these munitions include well-known
  models like the US Tomahawk cruise missile and
  the French Exocet. Despite their slower pace,
  they provide strategic value, enabling efficient
  target loitering and decision-making.
• Scramjet Propulsion Growth
• The scramjet propulsion segment is forecasted to
  witness the highest CAGR from 2023 to 2028.
  Leveraging supersonic combustion, scramjet
  engines offer enhanced speed and efficiency, with
  successful developments recorded by major global
  players.

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• Surface-to-Surface Launch Dominance
• Surface-to-surface launch mode is estimated to
  hold the largest share in the rocket and missile
  market in 2023. This mode encompasses a variety
  of missiles launched from ground or sea-based
  platforms, catering to diverse military
  objectives.
• North America's Market Dominance
• North America emerged as the leading region in
  the rocket and missile market in 2023. Key
  players like Lockheed Martin Corporation and
  Raytheon Technologies Corporation contribute
  significantly to the region's dominance through
  continuous investment in cutting-edge defense
  solutions.
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  uyingNew.asp?id203298 804
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