Market Dynamics:

The Rockets and Missiles Market is expected to promise high growth owing to the increasing demand for advanced rockets and missiles by emerging economies in recent years. An increase in the number of terrorist activities across the globe is expected to drive the growth of rockets and missiles market. This market has witnessed a number of key developments by major companies including  Rafael Advanced Defense Systems, Boeing, Thales Group, Lockheed Martin Corporation, and others with a focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

Rockets and missiles are mainly used by our defense forces to protect our countries from any kind of enemy threats. It is used to demolish tanks, submarines, aircraft, helicopters, armored vehicles, artilleries, and incoming rockets or missiles from any other enemy country or from any terrorist association. Rockets are powered by rocket motors or jet engines and they usually are self-propelled and unguided weapons. Hand missiles are self-propelled and guided weapons used for air-to-air, air-to-ground, and ground-to-air combats. With technological advancements and rising interests in emerging economies, countries are investing in these rockets and missiles. Thus, the market is expected to grow during the forecast period.

Key Factors Impacting Market Growth:

• Increase in the number of territorial conflicts
• Rising procurement of advanced rockets and missiles by emerging economies
• Increase in the number of terrorist activities across the globe

Regional Analysis:

The Rockets and Missiles Market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for rockets and missiles market during the forecast period. Major countries in these regions include US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. 

The Asia Pacific is estimated to be the fastest growing region with increasing expenditure on defense and space research. With presence of some of fastest growing economies including India and China, this region is projected to be a major market for rockets and missiles market during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for rockets and missiles market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the world is an emerging market for rockets and missiles market with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Companies Covered: Rafael Advanced Defense Systems, Boeing, Thales Group, Lockheed Martin Corporation, BAE Systems, Northrop Grumman Corporation, General Dynamics Corporation, Leonardo, MBDA Missiles Systems, Raytheon Company, and Roketsan A.S…

Market Segmentation:

By Type:

• Rocket
• Missile

By Rocket Type:

• Air to Ground Rockets
• Artillery Rockets
• Shoulder Fired Rocket
• Multiple Launch Rocket System

By Missile Type:

• Ballistic Missile
• Intercontinental Ballistic Missile
• Intermediate Range Ballistic Missile
• Medium Range Ballistic Missile
• Short Range Ballistic Missile
• Cruise Missile
• Long Range (Above 1000 km)
• Medium Range (From 300-1000 km)
• Short Range (Upto 300 km)

By Propulsion Type:

• Ramjet
• Scramjet
• Turbojet
• Liquid Propulsion
• Solid Propulsion
• Hybrid Propulsion

By Launch Mode:

• Air-to-Air
• Air-to-Surface
• Surface-to-Surface
• Surface-to-Air
• Subsea-to-Surface

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Type
  • By Rocket Type
  • By Missile Type
  • By Propulsion Type
  • By Launch Mode
• Eastern Europe
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Type
  • By Rocket Type
  • By Missile Type
  • By Propulsion Type
  • By Launch Mode
• Western Europe
  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Type
  • By Rocket Type
  • By Missile Type
  • By Propulsion Type
  • By Launch Mode
• Asia Pacific
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Type
  • By Rocket Type
  • By Missile Type
  • By Propulsion Type
  • By Launch Mode
• Middle East
  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Type
  • By Rocket Type
  • By Missile Type
  • By Propulsion Type
  • By Launch Mode
• Rest of the World
  • By Region (South America, Africa)
  • By Type
  • By Rocket Type
  • By Missile Type
  • By Propulsion Type
  • By Launch Mode

Reasons To Buy This Report:

• Market size estimation of the global rockets and missiles market on a regional and global basis
• Unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

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