The Global Rockets and Missiles Market was valued at USD 58.3 Bn in 2021. The market is projected to grow USD 84.8 Bn in 2028, at a CAGR of 5.7%. The increased defense expenditure of emerging economies such as China and India is likely to drive the market for rockets and missiles. Furthermore, the market is expected to grow due to the changing nature of military technologies around the world. The development of superior autonomous missile technologies is one of the market's emerging opportunities. Terrorist attacks are becoming more common, as are territorial issues that lead to confrontations with neighboring countries. This has resulted in close quarter fighting scenarios. The electronics put into conventional missiles and rockets can now be tracked with ease thanks to enhanced detecting techniques. As a result, countries must constantly improve their technologies, making it impossible to discern between them during a fight. Governments of other emerging countries, such as India, are expanding military spending in order to purchase technologically superior rockets and missiles. These forces are driving up demand for rocket and missile production all across the world.
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The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future.
The Rockets and Missiles Market report has been curated after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological, and political status of the particular region. The report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Rockets and Missiles Market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research.
The report provides a comprehensive analysis of company profiles listed below:
BAE Systems
Lockheed Martin Corporation
Northrop Grumman
Rafael Advanced Defense Systems Ltd.
Raytheon Technologies Corporation
Boeing
Leonardo
Thales Group
MBDA Inc.
Global Rockets and Missiles Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
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Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Rockets and Missiles market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and carters, threat from new entrants and product substitutes, and the degree of competition prevailing in the market.
The report helps in providing a wider introduction to the market and also helps in dealing with the detailed methodology of research for the calculation of the size and forecasts of the market. The sources of secondary data are used and the primary inputs are taken for the validation of data. This section also helps in the outlines the several segments that have also been covered as being a part of the report. Additionally, the Research Methodology reviews tend of providing the calculation for determining the inclinations of the global market.
