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DUBLIN, Feb. 1, 2022 /PRNewswire/ -- The 'Rockets and Missiles Market by Speed (Subsonic, Supersonic, Hypersonic), Product, Propulsion Type (Solid, Liquid, Hybrid Propulsion, Ramjet, Turbojet and Scramjet), Guidance Mechanism (Guided and Unguided), Launch Platform & Region - Forecast to 2026' report has been added to ResearchAndMarkets.com's offering.
The global Rockets and Missiles market size is projected to grow from USD 58.3 billion in 2021 to USD 73.8 billion by 2026, at a CAGR of 4.8% from 2021 to 2026.
The missile segment is projected to grow at the highest CAGR rate for the rockets and missiles market during the forecast period
A missile plays an important role in rockets and missiles majorly for land, air, and marine platforms. The missile segment has been further sub-segmented further segmented into cruise missiles and ballistic missiles. The missile segment is projected to reach USD 57.1 billion by 2026. In the Asia Pacific region, this segment is projected to register the highest CAGR during the forecast period.
The hypersonic segment is projected to register the highest CAGR during the forecast period
Based on speed, the rockets and missiles market has been segmented into subsonic, supersonic, and hypersonic. Hypersonic rockets and missiles are equipped with a propulsion system to enable them to attain a speed of Mach 5 or higher, which is five times faster than the speed of sound. Hypersonic precision-guided weapons are difficult to counter due to their high speed. Currently, these weapons are in a development phase and are expected to be operational in the near future.
The solid propulsion segment is projected to grow at the highest CAGR rate for the rockets and missiles market during the forecast period
Based on propulsion type, the rockets and missiles market has been segmented into Solid, Liquid, Hybrid Propulsion, Ramjet, Turbojet and Scramjet. Solid propulsion uses solid propellants to boost missiles and rockets. Solid propellants consist of a homogenous mixture of various composites, which are easier to store and handle. These systems cost less and offer a large amount of thrust to the missiles. High-performance propellants and modified grains enhance the capability of solid propulsion.
By launch mode, the surface-to-surface segment is estimated to account for the largest share (21) of the rockets and missiles market in 2021
Based on launch mode, the rockets and missiles market has been segmented into surface to surface, surface to air, air to air, air to surface, and subsea to surface. Surface to surface rockets and missiles are fired from the ground or the sea. They can be launched from hand-held or vehicle-mounted devices or fixed installations. These missiles used in land warfare operations are designed to hit ground or sea targets. Hence, they are also known as ground to ground rockets and missiles.
The North American market is projected to contribute the largest share from 2021 to 2026
North America is projected to be the largest regional share of rockets and missiles market during the forecast period. Major companies such as Northrop Grumman Corporation, Lockheed Martin, Raytheon Technologies, and General Dynamics Corporation are based in the US. These players continuously invest in the R&D of new and advanced technology used in the missile defense system.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Rockets and Missiles Market4.2 Rockets and Missiles Market, by Propulsion Type4.3 Rockets and Missiles Market, by Product4.4 Rockets and Missiles Market, by Launch Mode4.5 Rockets and Missiles Market, by Country
5 Market Overview 5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Defense Programs to Secure Nations Against Various Threats5.2.1.2 Increasing Defense Expenditure of Emerging Economies5.2.1.3 Heavy Investments in Indigenous Missile Defense Systems5.2.1.4 Increasing Need for Missile Detection Systems5.2.1.5 Changing Nature of Warfare5.2.2 Restraints5.2.2.1 Stringent Regulations for Arms Transfer5.2.2.2 High Complexity and Requirement of Periodic Maintenance of Rockets and Missiles5.2.2.3 High Development Cost of Missile Systems5.2.3 Opportunities5.2.3.1 Miniaturization of Missiles and Their Components5.2.3.2 Rising Adoption of Ai in Military Operations5.2.3.2.1 Ai in Missile Defense Testing and Operations5.2.3.3 Development of New-Generation Air and Missile Defense Systems5.2.3.4 Development of Hybrid Rockets and Missiles5.2.4 Challenges5.2.4.1 Integration Issues of Larger Rockets and Missiles5.3 Covid-19 Impact on Rockets and Missiles Market5.4 Ranges and Scenarios5.5 Value Chain Analysis of Rockets and Missiles Market5.6 Trends/Disruption Impacting Customer Business5.6.1 Revenue Shift and New Revenue Pockets for Rockets and Missiles Manufacturers5.7 Rockets and Missiles Market Ecosystem5.7.1 Prominent Companies5.7.2 Private and Small Enterprises5.7.3 Ecosystem5.7.4 Demand-Side Impacts5.7.4.1 Key Developments from January 2020 to November5.7.5 Supply-Side Impact5.7.5.1 Key Developments from January 2021 to December5.8 Pricing Analysis5.9 Porter'S Five Forces Analysis5.9.1 Threat of New Entrants5.9.2 Threat of Substitutes5.9.3 Bargaining Power of Suppliers5.9.4 Bargaining Power of Buyers5.9.5 Intensity of Competitive Rivalry5.10 Regulatory Landscape5.10.1 North America5.10.2 Europe5.10.3 Asia-Pacific
6 Industry Trends 6.1 Introduction6.2 Technology Analysis6.2.1 Next Generation Interceptor (Ngi) Program6.2.2 Hypersonic Defense Systems6.2.3 Development of Defense Technology6.2.4 Anti-Satellite Missiles & Weapons6.2.5 Smart E-Bombs & Hypersonic Munition6.2.6 Advanced Tactical Data Links6.2.7 Next-Generation Target Locking Technology6.2.8 Infrared Technology6.2.9 Fiber-Optic Guidance Systems6.2.10 Network-Enabled Weapons6.2.11 Hybrid Guidance Systems6.2.12 Semi-Active Laser (Sal) Guidance Systems6.2.13 Automatic Target Recognition (Atr)6.3 Use Case Analysis6.3.1 Use Case: Missile6.4 Impact of Megatrends6.4.1 Next-Generation Missile Seekers6.4.2 Active Phased Array Radar (Apar)6.5 Innovations and Patent Registrations
7 Rockets and Missiles Market, by Product 7.1 Introduction7.2 Missiles7.2.1 Cruise Missiles7.2.1.1 Short Range (<_00 />7.2.1.2 Medium Range (300-1000 Km)7.2.1.3 Long Range (>1000 Km)7.2.2 Ballistic Missiles7.2.2.1 Short Range Ballistic Missiles (Srbm)7.2.2.2 Medium Range Ballistic Missiles (Mrbm)7.2.2.3 Intermediate Range Ballistic Missiles (Irbm)7.2.2.4 Intercontinental Ballistic Missiles (Icbm)7.3 Rockets7.3.1 Increasing Effectiveness of Overall Combat Platform Drives Market7.3.2 Artillery Rockets7.3.2.1 Shoulder-Fired Rockets7.3.3 Multiple Launch Rocket Systems (Mlrs)7.4 Torpedoes7.4.1 Modern and Advanced Submarine Torpedoes Influence Market Demand
8 Rockets and Missiles Market, by Speed 8.1 Introduction8.2 Subsonic8.2.1 Subsonic Speed Munitions Play Key Role in Modern Warfare8.3 Supersonic8.3.1 Increased Demand and Integration for Supersonic Munitions Due to High Capabilities8.4 Hypersonic8.4.1 Highly Advanced Hypersonic Weapons is Expected to Boost the Market
9 Rockets and Missiles Market, by Propulsion Type 9.1 Introduction9.2 Solid Propulsion9.2.1 Lower Operational Cost and High Thrust Drives Demand for Solid Propulsion9.3 Liquid Propulsion9.3.1 Prithvi, Scud, Rsm - Widley Procured Missiles That Use Liquid Propulsion9.4 Hybrid Propulsion9.4.1 Safer Attributes of Hybrid Propulsion Disrupt Market Trends9.5 Ramjet9.5.1 Requirement of High Speed for Rockets and Missiles Increases Demand for Ramjet Engines9.6 Turbojet9.6.1 Supersonic Speed of Aircraft and Missiles Leads to More Demand for Turbojet Engines9.7 Scramjet9.7.1 Scramjet to Provide and Maintain Supersonic and Hypersonic Speed Throughout the Cruise Phase
10 Rockets and Missiles Market, by Launch Mode 10.1 Introduction10.2 Surface to Surface10.2.1 Versatility in Launching Drives Surface to Surface Segment10.3 Surface to Air10.3.1 Majority of Anti-Aircraft Systems for Anti-Air Warfare Operations Increases Demand for Surface to Air Rockets and Missiles10.4 Air to Air10.4.1 Dominance in Dogfight and Aerial Combat Fuels Demand for Air to Air Rockets and Missiles10.5 Air to Surface10.5.1 Air to Surface Rockets and Missiles Market Driven by Need for Overall Dominance of Space10.6 Subsea to Surface10.6.1 Fortification Efforts at Ports for Better Security Boost Subsea to Surface Rocket and Missile Demand
11 Rockets and Missiles Market, by Guidance Mechanism 11.1 Introduction11.2 Guided11.2.1 Development of Long-Range Guided Missiles and Rockets to Lead Market11.3 Unguided11.3.1 Modernization and Technological Advancements in Unguided Rockets to Boost Demand
12 Regional Analysis
13 Competitive Landscape 13.1 Introduction13.2 Market Share Analysis of Leading Players,13.3 Market Share Analysis,13.4 Competitive Evaluation Quadrant13.4.1 Star13.4.2 Pervasive13.4.3 Emerging Leaders13.4.4 Participants13.5 Competitive Scenario13.5.1 New Product Launches13.5.2 Deals
14 Company Profiles 14.1 Northrop Grumman Corporation14.2 Lockheed Martin Corporation14.3 Raytheon Technologies Corporation14.4 the Boeing Company14.5 General Dynamics Corporation14.6 Bae Systems14.7 Israel Aerospace Industries14.8 Thales14.9 Lig Nex1 Co. Ltd.14.10 Bharat Dynamics Limited14.11 Mbda14.12 Elbit Systems14.13 Kongsberg14.14 Saab Ab14.15 Diehl Defence14.16 Rafael Advanced Defense Systems Ltd.14.17 Hanwha Defense14.18 General Atomics14.19 Kbp Instruments Design Bureau14.20 Denel Dynamics14.21 Almaz-Antey14.22 Roketsan14.23 Spetstechnoexport (Ste)14.24 Frontier Electronic Systems Corp.14.25 Ariane Group
15 Appendix
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