Global Rockets Missiles
Market Report
2025
The global rockets missiles market size will be USD 72814.5 million in 2025. Growing use of 3D-printed missile components are expected to boost sales to USD 116055.2 million by 2033, with a Compound Annual Growth Rate (CAGR) of 6.00% from 2025 to 2033.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Rockets missiles market size will be USD 72814.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2025 to 2033.
2021 | 2025 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 |
Middle East Market Size | 121212 | 121212 | 121212 | 121212 |
Africa Market Size | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Rockets Missiles Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Rockets and missiles are a type of military weapon system that use rocket propulsion to deliver explosive warheads to their targets. Rockets are primarily used to transport scientific equipment or humans to areas inaccessible by conventional modes of transportation, rather than as weapons. Furthermore, a missile is an unmanned rocket that can deliver a payload to a specific location and destroy the object/target. The global rocket and missile market is expanding rapidly, driven by a variety of factors that highlight the growing importance of advanced defense technologies in modern warfare. One key driver of this growth is the development of next-generation air and missile defense systems, which are being pursued by both the military and defense industries around the world. These systems aim to improve defense capabilities against evolving threats such as missile attacks and aerial threats, resulting in increased demand for rockets and missiles with advanced guidance and interception capabilities
In September 2022, Astrobotic Technology, a space robotics technology company based in the United States, paid an undisclosed amount for Masten Space Systems. This acquisition will allow Masten to continue suborbital flight operations at its Mojave test sites in the future, with the goal of continuing to provide the space industry with a major testing site for hot-fire rocket experiments. Masten Space Systems, based in the United States, is developing a line of vertical takeoff and landing rockets. https://www.therobotreport.com/astrobotic-acquires-masten-space-systems-for-4-5m/
The rising defense budget is expected to drive future growth in the rocket and missile markets. A defense budget is a financial plan or allocation of funds established by a government or nation to cover the costs of military and defense-related activities. Increased defense budgets provide the financial resources required for robust research, development, procurement, and maintenance of advanced rocket and missile systems, thereby strengthening a country's defense capabilities and propelling the rocket and missile market. For instance, according to a report published in April 2023 by the Stockholm International Peace Research Institute, a Swedish-based international institute, global military spending increased by 3.7% in real terms in 2022, reaching an all-time high of $2,240 billion. Notably, military spending in Europe increased by 13% over the past year. The United States, with 39% of global military spending in 2022, and China, with 13%, remained the top two spenders. As a result, rising defense budgets are driving growth in the rocket and missile markets
The rise of terrorism and geopolitical instability is expected to drive future growth in the rockets and missiles market. Terrorism uses threats or violence to instill fear in people in order to intimidate or coerce governments and citizens into supporting specific political or social goals. These conflict and political extremism activities encourage the widespread use of rockets and missiles for border security by protecting international land borders from illegal activities. For instance, US Customs and Border Protection Enforcement Statistics 2022 show that total enforcement action increased from 646, 822 in 2020 to 2, 493, 721 in 2022. As a result, the rise in terrorism and geopolitical instability propels the rocket and missile market forward
The development and production of rocket and missile systems necessitates significant financial investment, which limits market growth. These systems require advanced materials, precision engineering, and cutting-edge technology, making production expensive. Furthermore, complex testing, regulatory compliance, and extensive research and development stages all contribute to the total cost. This is especially difficult for smaller countries and companies looking to enter the market. High operational and maintenance costs add to the financial burden, limiting the use of these systems. Despite cost-cutting efforts through reusability and technological advancements, the financial barrier remains a significant challenge
The development of advanced missile defense systems remains a major trend in the defense industry. With the growing threat of ballistic missiles, governments are investing in cutting-edge defense systems capable of intercepting and neutralizing incoming threats. Technologies like directed energy weapons, advanced radar systems, and integrated missile defense networks are rapidly developing. These defense systems are designed to counter not only conventional missiles, but also emerging threats such as hypersonic and cruise missiles. The demand for increasingly sophisticated defense technologies is influencing investment and driving growth in the rocket and missile industry
Major rocket and missile companies are forming strategic partnerships to provide guided rocket solutions. Strategic partnerships are a process in which companies use each other's strengths and resources to achieve mutual benefit and success. For instance, in February 2023, Thales, a French technology company, formed a partnership with Bharat Dynamics Limited (BDL), an Indian manufacturer of ammunition and missile systems. BDL will join the FZ275 LGR global supply chain, allowing components manufactured in India to be exported to both current and prospective 70mm laser-guided rocket customers. This partnership also paves the way for BDL to present a Make in India solution for 70mm laser-guided rockets, catering specifically to the Indian Government's existing helicopter fleet, which includes advanced light helicopters (WSI) and light combat helicopters
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The Rockets missiles market is highly competitive, characterised by the presence of several global and regional players offering a wide range of products. Key companies in the market, such as Northrop Grumman Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, LIG Nex1, The Boeing Company, dominate through their extensive product portfolios, strong distribution networks, and focus on innovation.
In December 2022, The US Army awarded Lockheed Martin Corporation a contract worth approximately $430 million for full-rate production of high mobility artillery rocket systems M142 launchers to support the Army and various US Foreign Military Sales Partners. https://www.army.mil/article/262457/army_awards_431_million_contract_for_himars In February 2023, Thales collaborated with Bharat Dynamics Limited (BDL) to establish manufacturing facilities in India for precision-strike 70mm laser-guided rockets (FZ275 LGR). https://m.economictimes.com/news/defence/bdl-to-partner-with-thales-for-precision-strike-70-mm-laser-guided-rockets/articleshow/97922994.cms In June 2023, Northrop Grumman Corporation announced the successful production of 2,000 solid rocket motors for the US Navy's Trident II D5 submarine-launched ballistic missile (SLBM) system. https://news.northropgrumman.com/news/releases/northrop-grumman-manufactures-two-thousandth-solid-rocket-motor-for-us-navys-trident-ii-d5-program
Top Companies Market Share in Rockets Missiles Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America had the highest revenue share in the global market. The United States and Canada are working together on a number of initiatives and collaborations to protect the region from rockets and missile attacks. The North American Aerospace Defense Command (NORAD) is responsible for aerospace warning, control, and maritime warning in North America. Furthermore, the United States has a robust nuclear triad that includes land-, sea-, and air-based assets such as the LGM-30G Minuteman III intercontinental ballistic missiles (ICBMs), and the Ground Based Strategic Deterrent (GBSD) program aims to replace the current Minuteman III missiles
Asia Pacific is expected to have the highest CAGR over the forecast period. The People's Liberation Army Navy (CHINA) and the Japan Maritime Self-Defense Force (MIRV) use multiple independent re-entry vehicles more frequently, which promotes industry growth. In April 2022, Australia announced plans to spend USD 2.6 billion to upgrade its defense system
The current report Scope analyzes Rockets Missiles Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Rockets missiles market size was estimated at USD 72814.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 26941.37 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2025 to 2033.
According to Cognitive Market Research, the US had a major share in the Rockets missiles market with a market size of USD 21256.74 million in 2025 and is projected to grow at a CAGR of 4.6% during the forecast period. The U.S. Market's demand for long-term defense solutions
The Canadian Rockets missiles market had a market share of USD 3232.96 million in 2025 and is projected to grow at a CAGR of 5.6% during the forecast period. Canada’s government support for innovation.
The Mexico Rockets missiles market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 2451.66 million in 2025..
According to Cognitive Market Research, the global Rockets missiles market size was estimated at USD 72814.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 21116.21 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.1% from 2025 to 2033.
The United Kingdom Rockets missiles market had a market share of USD 3547.52 million in 2025 and is projected to grow at a CAGR of 5.9% during the forecast period. In the UK, Rockets missiles sales witnessed an upswing due to increased demand for precision-guided and automatic target recognition technology.
The France Rockets missiles market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 1942.69 million in 2025.
According to Cognitive Market Research, the German Rockets missiles market size was valued at USD 4181.01 million in 2025 and is projected to grow at a CAGR of 5.3% during the forecast period. In Germany, technological advancements
The Italy Rockets missiles market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 1815.99 million in 2025.
The Russia Rockets missiles market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 3273.01 million in 2025
The Spain Rockets missiles market is projected to witness growth at a CAGR of 4,2% during the forecast period with a market size of USD 1731.53 million in 2025
The Sweden Rockets missiles market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 654.60 million in 2025.
The Denmark Rockets missiles market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 443.44 million in 2025
The Switzerland Rockets missiles market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 316.74 million in 2025.
The Luxembourg Rockets missiles market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 253.39 million in 2025.
The Rest of Europe's Rockets missiles market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 2956.27 million in 2025.
According to Cognitive Market Research, the global Rockets missiles market size was estimated at USD 72814.5 Million, out of which APAC held the market share of around 23% of the global revenue with a market size of USD 17475.48 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2025 to 2033.
According to Cognitive Market Research, the China Rockets missiles market size was valued at USD 2411.62 million in 2025 and is projected to grow at a CAGR of 8.0% during the forecast period. Rockets missiles surged in China due to rising technological advancements.
The Japan Rockets missiles market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 2411.62 million in 2025
The South Korea Rockets missiles market had a market share of USD 2097.06 million in 2025 and is projected to grow at a CAGR of 7.6% during the forecast period. India's strong defense infrastructures
The Indian Rockets missiles market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 1747.55 million in 2025.
The Australian Rockets missiles market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 908.72 million in 2025.
The Singapore Rockets missiles market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 349.51 million in 2025.
The Taiwan Rockets missiles market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 681.54 million in 2025.
The South East Asia Rockets missiles market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 1153.38 million in 2025.
The Rest of APAC Rockets missiles market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 786.40 million in 2025.
According to Cognitive Market Research, the global Rockets missiles market size was estimated at USD 72814.5 Million, out of which South America held the market share of around 5% of the global revenue with a market size of USD 2766.95 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2025 to 2033.
According to Cognitive Market Research, the Brazil Rockets missiles market size was valued at USD 1184.26 million in 2025 and is projected to grow at a CAGR of 6.9% during the forecast period. Rockets missiles flourished in Brazil due to advanced manufacturing technologies.
Argentina's Rockets missiles market had a market share of USD 464.85 million in 2025 and is projected to grow at a CAGR of 7.2% during the forecast period. Argentina's increased emphasis on missiles for counter-terrorism
Colombia Rockets missiles market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 246.26 million in 2025
Peru Rockets missiles market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 226.89 million in 2025.
Chile Rockets missiles market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 199.22 million in 2025
The Rest of South America's Rockets missiles market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 445.48 million in 2025.
According to Cognitive Market Research, the global Rockets missiles market size was estimated at USD 72814.5 Million, out of which the Middle East held the major market share of around 2% of the global revenue with a market size of USD 2912.58 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033..
The Qatar Rockets missiles market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 233.01 million in 2025. Rockets missiles sales flourish due to the increased military spending .
The Saudi Arabia Rockets missiles market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 1025.23 million in 2025.
The Turkey Rockets missiles market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 233.01 million in 2025. Rockets missiles sales flourished in Turkey due to adoption of advanced manufacturing technologies.
The UAE Rockets missiles market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 599.99 million in 2025.
The Egypt Rockets missiles market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 174.75 million in 2025.
The Rest of the Middle East Rockets missiles market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 646.59 million in 2025
According to Cognitive Market Research, the global Rockets missiles market size was estimated at USD 72814.5 Million, out of which the Africa held the major market share of around 2% of the global revenue with a market size of USD 1601.92 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2033..
The Nigeria Rockets missiles market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 128.15 million in 2025. Rockets missiles sales flourish due to the growing security threats
The South Africa Rockets missiles market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 563.88 million in 2025.
The Rest of Africa Rockets missiles market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 909.89 million in 2025.
Global Rockets Missiles Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Rockets Missiles Industry growth. Rockets Missiles market has been segmented with the help of its Product Outlook:, , and others. Rockets Missiles market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Rockets missiles Market?
According to Cognitive Market Research, Cruise missiles are expected to have the largest market share in 2024. Cruise missiles are unmanned, self-propelled guided missiles intended for precise strikes on specific targets. They are primarily powered throughout their flight and can be launched from a variety of platforms, including the sea, land, and air. It is used for a variety of missions, including anti-shipping, land-based attacks, and strategic strikes. They are known for their ability to fly at low altitudes while avoiding enemy radar, making them ideal for stealthy and precise strikes
The ballistic missile is expected to grow at the fastest rate during the projected period. Ballistic missiles are guided or unguided missiles that travel in a ballistic trajectory and are initially powered by rocket engines before falling under the influence of gravity. They are classified primarily by their range and purpose, with categories including short-range, intermediate-range, medium-range, and intercontinental ballistic missiles. It has strategic and tactical applications. Short- and medium-range ballistic missiles can be used in theater-level conflicts, whereas ICBMs can deliver nuclear or conventional warheads over long distances
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The aerospace and defense industry is one of the most dynamic sectors, driven by cutting-edge technologies, evolving defense strategies, and regulatory compliance. In this chapter, we have included the Rockets Missiles market size, revenue share, and growth rate for each segment at both global and regional levels.
Additionally, we offer a qualitative analysis of the key drivers and restraints shaping the growth of the Rockets Missiles market. This section provides valuable insights into aerospace and defense industry trends, challenges, and technological advancements. By utilizing this analysis, all types of manufacturing, R&D, and defense operations can develop strategic plans and make well-informed decisions to maintain a competitive edge in a rapidly evolving market.
Some of the key of Rockets Missiles are:
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Senior Research Associate at Cognitive Market Research
A results driven Market Research Senior Associate with 4 years of experience delivering actionable insights across diverse industries including consumer goods, healthcare, technology, and industrial sectors. Skilled in designing and executing both qualitative and quantitative research methodologies, competitive benchmarking, and data-driven strategy development. Adept at transforming complex market data into clear, strategic recommendations for product development, go-to-market planning, and business expansion.
A results driven Market Research Senior Associate with 4 years of experience delivering actionable insights across diverse industries including consumer goods, healthcare, technology, and industrial sectors. Skilled in designing and executing both qualitative and quantitative research methodologies, competitive benchmarking, and data-driven strategy development. Adept at transforming complex market data into clear, strategic recommendations for product development, go-to-market planning, and business expansion.
Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Outlook: | Missile, Cruise Missile, Surface-to-air Missile, Anti-ship Missile, Anti-tank Missile, Anti-submarine Missile, Others, Ballistic Missile, Rocket, Artillery Rocket, Air-to-ground Rocket |
List of Competitors | Saab AB, Elbit Systems Ltd, Northrop Grumman Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, LIG Nex1, The Boeing Company, Kongsberg Gruppen, Israel Aerospace Industries Ltd, BAE Systems plc, Thales Group |
This chapter will help you gain GLOBAL Market Analysis of Rockets Missiles. Further deep in this chapter, you will be able to review Global Rockets Missiles Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Rockets Missiles. Further deep in this chapter, you will be able to review North America Rockets Missiles Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Rockets Missiles. Further deep in this chapter, you will be able to review Europe Rockets Missiles Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Rockets Missiles. Further deep in this chapter, you will be able to review Asia Pacific Rockets Missiles Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Rockets Missiles. Further deep in this chapter, you will be able to review South America Rockets Missiles Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Rockets Missiles. Further deep in this chapter, you will be able to review Middle East Rockets Missiles Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Rockets Missiles. Further deep in this chapter, you will be able to review Middle East Rockets Missiles Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Rockets Missiles. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Outlook: Analysis 2019 -2031, will provide market size split by Product Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Rockets Missiles market
Chapter 11 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 12 Research Methodology and Sources
Why Missile have a significant impact on Rockets Missiles market? |
What are the key factors affecting the Missile and Cruise Missile of Rockets Missiles Market? |
What is the CAGR/Growth Rate of during the forecast period? |
By type, which segment accounted for largest share of the global Rockets Missiles Market? |
Which region is expected to dominate the global Rockets Missiles Market within the forecast period? |