Rockets and Missiles Market

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 (2021-2026)

Report Code: AS 5301 Jan, 2022, by marketsandmarkets.com

[245 Pages Report] 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 rockets and missiles market is expected to witness growth due to consistent increase in defense budget across the globe and the need for advanced rockets and missiles to counter the modern combat around the country’s border. Furthermore, increasing number of conflicts, and high defense spending are some of the major factors driving the market globally. Governments of various countries, such as the US, China, India, and Russia, are spending heavily on modernizing their military resources. Thus, a large number of weapon manufacturers are shifting their focus towards developing rockets and missiles. However, issues related to the integration of missiles pose a challenge for rockets and missiles market growth.

Rockets and Missiles Market

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COVID-19 Impact on the Rockets and missiles Market

The COVID-19 outbreak has led to multiple challenges for the defense industry. Though the industry was not severely affected but still has faced many economic problems post the COVID-19 outbreak. Since the beginning of the outbreak, the defense industry has been hit globally.

The drying up of private financing, reduction of defense expenditure in 2020 across the globe, and postponement of scheduled contracts have somewhat impacted the defense industry. Hence, the research and development related activities to rockets and missiles been delayed, due to which the testing of some missile defense technology has been delayed. Moreover, with the slowdown of the supply chain of rockets and missiles due to COVID-19, many companies are expected to face slack in production. Thus, impacting the market growth.

Rockets and missiles Market Dynamics

Driver: Increasing need for defense programs to defend nations against various threats

The performance of US weapon systems is unmatched, ensuring that the US defense forces have a tactical combat advantage over any adversary in any weather condition. The Fiscal Year (FY) 2020 acquisition (Procurement and Research, Development, Test, and Evaluation (RDT&E)) funding requested by the US Department of Defense (DoD) totals USD 247.3 billion, which includes funding in the Base budget and the Overseas Contingency Operations (OCO) fund, totaling USD 143.1 billion for Procurement and USD 104.3 billion for RDT&E. The funding in the budget request represents a balanced portfolio approach to implement the military force objective established by the National Defense Strategy. Of the USD 247.3 billion in the request, USD 83.9 billion finances Major Defense Acquisition Programs (MDAPs), which are acquisition programs that exceed a cost threshold established by the Under Secretary of Defense for Acquisition and Sustainment.

According to the Missile Defense Agency, there has been an increase of over 1,200 additional ballistic missiles over the last 5 years. The total of ballistic missiles outside the US, the North Atlantic Treaty Organization, Russia, and China has risen to over 5,900. Hundreds of launchers and missiles are currently within the range of US deployed forces.

Hence, the increasing need for defense programs by nations to defend against various threats is driving the rockets and missiles market.

Restraints: Stringent regulations related to arms transfer

There are federal and legislative rules and regulations that the state-owned defense organizations must comply with, such as import-export control regimes, exchange controls, the Foreign Corrupt Practices Act, and the Export Administration Act. In many countries, manufacturers of munition are prohibited from exporting their products, thereby decreasing their chances of serving international customers. This hinders the manufacturers of munitions from accessing international markets.

The problem of transfer of technologies and weapons aggravated with terrorist organizations gaining access to various advanced weaponry, such as anti-tank guided weapons and advanced land mines. This has resulted in strict control over the transfer of technologies and weapons to other countries. This factor act as a restraint for the growth of the rockets and missiles market.

Opportunities: Development of new-generation air and missile defense systems

The development of new-generation missiles with high-end technologies is a major threat to strategic locations and platforms such as military airbases and ships. Some of these new developments include nuclear-capable ballistic missiles and high-speed cruise missiles. Various countries are developing such advanced weapons capable of defeating high-end air defense systems such as the medium extended air defense system (MEADS), the Patriot Advanced Capability-3 (PAC-3), and the S-400. Countries such as India, China, and Russia have developed hypersonic missiles that are difficult to intercept for missile shields. India and Russia have jointly developed the BrahMos missile, which is difficult to intercept by older missile defense shields. These developments have led to the requirement for new-generation high-speed air defense electronic warfare systems. Governments worldwide are focusing on the development of stealth aircraft, but, at the same time, they are also investing heavily in advanced surveillance systems to counter stealth technology.

The continuous development of new generation precision-guided air and missile defense systems is expected to fuel the demand for various technologies related to rockets and missiles. Some of these technologies are GPS, INS, laser, radar, etc.

Challenges: Issues related to integration of larger rockets and missiles

The integration of smaller precision-guided munitions involves a simpler process as compared to the larger ones. For instance, the integration of a missile occurs at three levels; first on the missile itself; second with the platform from which it is being fired; and third with the existing command and control network. The integration of various electronic equipment, sensors, warheads, kill vehicles, propulsion systems, and other subsystems is very complex. The difficulty increases in the case of Multiple Independent Re-entry Vehicle (MIRV) ballistic missiles that have multiple warheads designated for multiple targets. Furthermore, if the missile is to be loaded with a nuclear warhead, the integration process is very complex and requires skilled engineers to perform the task.

Integrating a missile with a launching platform offers advantages, such as compatibility with a broader range of platform carriage, unrestricted carriage envelope, safe and accurate store separation, and enhanced survivability for the platform. Assessment is required to check for launch platform compatibility, constraints, firepower, survivability, missile carriage, and launch compatibility.

The integration of a missile with the command, control, battle management, and communications systems is also a complicated task. It requires integrating individual sensors and weapons into the overall system by conducting simulations and launch platform integration. These integration issues can act as a challenge for the growth of this market.

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 of 5.7% during the forecast period.

The hypersonic segment is projected to register the highest CAGR of 6.6% 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 (31) 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 missile defense system.

Rockets and Missiles Market  by Region

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Key Market Players

The Rockets and missiles market is dominated by a few globally established players such as Northrop Grumman Corporation (US), Lockheed Martin Corporation (US), BAE Systems (UK), and Thales Group (France).

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2026

Base year considered

2020

Forecast period

2021-2026

Forecast units

Value (USD Million)

Segments covered

By Speed, By Product, By Propulsion Type, By Guidance Mechanism, By Launch Platform and By Region

Geographies covered

North America, Europe, Asia Pacific, and Rest of the World

Companies covered

Northrop Grumman Corporation (US), Lockheed Martin Corporation (US), BAE Systems (UK), and Thales Group (France)

The study categorizes the Rockets and Missiles market based on technology, speed, product, mode of operation, launch platforms and region

SEGMENT

INCLUSIONs

  • By Speed

Subsonic
Supersonic
Hypersonic

  • By Product

Cruise Missiles
Ballistic Missiles
Rockets
Torpedoes

  • By Propulsion Type

Solid
Liquid
Hybrid
Ramjet
Turbojet
Scramjet

  • By Guidance Mechanism

Guided
Unguided

  • By Launch Mode

Surface to Surface
Surface to Air
Air to Air
Air to Surface
Subsea to Surface

Recent Developments

  • In 2021 The US Army Contracting Command announced a contract with Lockheed Martin Missile and Fire Control segment to procure long-range Precision Strike Missile (PrSM) systems.
  • In 2020, The Huntsville operation of The Boeing Company was awarded a contract modification in support of the only operationally deployed missile defense capable of shielding the entire US against long-range ballistic missile attacks.
  • In 2019, BAE Systems has been awarded a contract to deliver additional Advanced Precision Kill Weapon System (APKWS) laser-guided rockets to the US Navy.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 24)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 ROCKETS AND MISSILES MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 INCLUSIONS AND EXCLUSIONS
           TABLE 1 ROCKETS AND MISSILES MARKET: INCLUSIONS AND EXCLUSIONS
    1.5 CURRENCY & PRICING
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS
    1.8 SUMMARY OF CHANGES
           1.8.1 ROCKETS AND MISSILES MARKET

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH FLOW
           FIGURE 3 ROCKETS AND MISSILES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION & REGION
                    2.1.2.2 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 MARKET DEFINITION & SCOPE
           2.2.2 EXCLUSIONS
    2.3 RESEARCH APPROACH & METHODOLOGY
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Evaluation of rockets and missiles market
                    2.3.1.2 Rockets and missiles market, by propulsion type
                    2.3.1.3 Rockets and missiles market, by speed
                    2.3.1.4 Rockets and missiles market, by product
                    2.3.1.5 Rockets and missiles market, by guidance mechanism
                    2.3.1.6 Rockets and missiles market, by launch mode
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
           2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH
    2.5 ASSUMPTIONS FOR RESEARCH STUDY
    2.6 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 38)
    FIGURE 8 MISSILES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    FIGURE 9 MEDIUM RANGE BALLISTIC MISSILES TO HOLD LARGEST SHARE DURING FORECAST PERIOD
    FIGURE 10 SURFACE TO SURFACE SEGMENT TO DOMINATE DURING FORECAST PERIOD
    FIGURE 11 ROCKETS AND MISSILES MARKET IN ASIA PACIFIC TO WITNESS FASTEST GROWTH

4 PREMIUM INSIGHTS (Page No. - 41)
    4.1 ATTRACTIVE OPPORTUNITIES IN ROCKETS AND MISSILES MARKET
           FIGURE 12 RISE IN GLOBAL DEFENSE EXPENDITURE TO DEVELOP SUPERSONIC AND HYPERSONIC MISSILES FUELS MARKET GROWTH
    4.2 ROCKETS AND MISSILES MARKET, BY PROPULSION TYPE
           FIGURE 13 SOLID SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.3 ROCKETS AND MISSILES MARKET, BY PRODUCT
           FIGURE 14 MISSILES SEGMENT PROJECTED TO COMMAND LARGEST SHARE FROM 2017 TO 2026
    4.4 ROCKETS AND MISSILES MARKET, BY LAUNCH MODE
           FIGURE 15 SURFACE TO SURFACE SEGMENT PROJECTED TO LEAD MARKET FROM 2017 TO 2026
    4.5 ROCKETS AND MISSILES MARKET, BY COUNTRY
           FIGURE 16 ROCKETS AND MISSILES MARKET IN RUSSIA AND INDIA TO HAVE HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 44)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 ROCKETS AND MISSILES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Defense programs to secure nations against various threats
                               TABLE 2 US ROCKETS AND MISSILES PROCUREMENT, 2018-2021
                    5.2.1.2 Increasing defense expenditure of emerging economies
                               FIGURE 18 MILITARY BUDGET OF EMERGING NATIONS, 2005-2020 (USD BILLION)
                    5.2.1.3 Heavy investments in indigenous missile defense systems
                    5.2.1.4 Increasing need for missile detection systems
                    5.2.1.5 Changing nature of warfare
           5.2.2 RESTRAINTS
                    5.2.2.1 Stringent regulations for arms transfer
                    5.2.2.2 High complexity and requirement of periodic maintenance of rockets and missiles
                    5.2.2.3 High development cost of missile systems
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Miniaturization of missiles and their components
                    5.2.3.2 Rising adoption of AI in military operations
                               5.2.3.2.1 AI in missile defense testing and operations
                    5.2.3.3 Development of new-generation air and missile defense systems
                    5.2.3.4 Development of hybrid rockets and missiles
           5.2.4 CHALLENGES
                    5.2.4.1 Integration issues of larger rockets and missiles
    5.3 COVID-19 IMPACT ON ROCKETS AND MISSILES MARKET
           FIGURE 19 COVID-19 IMPACT ON ROCKETS AND MISSILES MARKET
    5.4 RANGES AND SCENARIOS
           FIGURE 20 COVID-19 IMPACT ON ROCKETS AND MISSILES MARKET: 3 GLOBAL SCENARIOS
    5.5 VALUE CHAIN ANALYSIS OF ROCKETS AND MISSILES MARKET
           FIGURE 21 VALUE CHAIN ANALYSIS
    5.6 TRENDS/DISRUPTION IMPACTING CUSTOMER BUSINESS
           5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR ROCKETS AND MISSILES MANUFACTURERS
                    FIGURE 22 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
    5.7 ROCKETS AND MISSILES MARKET ECOSYSTEM
           5.7.1 PROMINENT COMPANIES
           5.7.2 PRIVATE AND SMALL ENTERPRISES
           5.7.3 ECOSYSTEM
                    FIGURE 23 ROCKETS AND MISSILES MARKET ECOSYSTEM MAP
                    FIGURE 24 ROCKETS AND MISSILES: MARKET ECOSYSTEM
                    TABLE 3 ROCKETS AND MISSILES MARKET ECOSYSTEM
           5.7.4 DEMAND-SIDE IMPACTS
                    5.7.4.1 Key developments from January 2020 to November 2020
                               TABLE 4 KEY DEVELOPMENTS IN ROCKETS AND MISSILES MARKET, JANUARY 2020 TO DECEMBER 2020
           5.7.5 SUPPLY-SIDE IMPACT
                    5.7.5.1 Key developments from January 2021 to December 2021
                               TABLE 5 KEY DEVELOPMENTS IN ROCKETS AND MISSILES MARKET, JANUARY 20221 TO DECEMBER 2021
    5.8 PRICING ANALYSIS
           TABLE 6 AVERAGE SELLING PRICE ANALYSIS OF ROCKETS AND MISSILES IN 2020
    5.9 PORTER’S FIVE FORCES ANALYSIS
           TABLE 7 ROCKETS AND MISSILES: PORTER’S FIVE FORCE ANALYSIS
           FIGURE 25 ROCKETS AND MISSILES MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.9.1 THREAT OF NEW ENTRANTS
           5.9.2 THREAT OF SUBSTITUTES
           5.9.3 BARGAINING POWER OF SUPPLIERS
           5.9.4 BARGAINING POWER OF BUYERS
           5.9.5 INTENSITY OF COMPETITIVE RIVALRY
    5.10 REGULATORY LANDSCAPE
           5.10.1 NORTH AMERICA
           5.10.2 EUROPE
           5.10.3 ASIA PACIFIC

6 INDUSTRY TRENDS (Page No. - 63)
    6.1 INTRODUCTION
    6.2 TECHNOLOGY ANALYSIS
           6.2.1 NEXT GENERATION INTERCEPTOR (NGI) PROGRAM
           6.2.2 HYPERSONIC DEFENSE SYSTEMS
           6.2.3 DEVELOPMENT OF DEFENSE TECHNOLOGY
           6.2.4 ANTI-SATELLITE MISSILES & WEAPONS
           6.2.5 SMART E-BOMBS & HYPERSONIC MUNITION
           6.2.6 ADVANCED TACTICAL DATA LINKS
           6.2.7 NEXT-GENERATION TARGET LOCKING TECHNOLOGY
           6.2.8 INFRARED TECHNOLOGY
           6.2.9 FIBER-OPTIC GUIDANCE SYSTEMS
           6.2.10 NETWORK-ENABLED WEAPONS
           6.2.11 HYBRID GUIDANCE SYSTEMS
           6.2.12 SEMI-ACTIVE LASER (SAL) GUIDANCE SYSTEMS
           6.2.13 AUTOMATIC TARGET RECOGNITION (ATR)
    6.3 USE CASE ANALYSIS
           6.3.1 USE CASE: MISSILE
    6.4 IMPACT OF MEGATRENDS
           6.4.1 NEXT-GENERATION MISSILE SEEKERS
           6.4.2 ACTIVE PHASED ARRAY RADAR (APAR)
    6.5 INNOVATIONS AND PATENT REGISTRATIONS
           TABLE 8 PATENT ANALYSIS

7 ROCKETS AND MISSILES MARKET, BY PRODUCT (Page No. - 71)
    7.1 INTRODUCTION
           FIGURE 26 MISSILES SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 9 ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
           TABLE 10 ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
    7.2 MISSILES
           TABLE 11 MISSILES MARKET, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 12 MISSILES MARKET, BY TYPE, 2021–2026 (USD MILLION)
           7.2.1 CRUISE MISSILES
           TABLE 13 CRUISE MISSILES MARKET, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 14 CRUISE MISSILES MARKET, BY TYPE, 2021–2026 (USD MILLION)
                    7.2.1.1 Short Range (<300 km)
                    7.2.1.2 Medium Range (300-1000 km)
                    7.2.1.3 Long Range (>1000 km)
           7.2.2 BALLISTIC MISSILES
                    TABLE 15 BALLISTIC MISSILES MARKET, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 16 BALLISTIC MISSILES MARKET, BY TYPE, 2021–2026 (USD MILLION)
                    7.2.2.1 Short range ballistic missiles (SRBM)
                               TABLE 17 SHORT RANGE BALLISTIC MISSILES (SRBM)
                    7.2.2.2 Medium range ballistic missiles (MRBM)
                               TABLE 18 MEDIUM RANGE BALLISTIC MISSILES (MRBM)
                    7.2.2.3 Intermediate range ballistic missiles (IRBM)
                               TABLE 19 INTERMEDIATE RANGE BALLISTIC MISSILES (IRBM)
                    7.2.2.4 Intercontinental ballistic missiles (ICBM)
                               TABLE 20 INTERCONTINENTAL BALLISTIC MISSILES (ICBM)
    7.3 ROCKETS
           7.3.1 INCREASING EFFECTIVENESS OF OVERALL COMBAT PLATFORM DRIVES MARKET
           7.3.2 ARTILLERY ROCKETS
                    7.3.2.1 Shoulder-fired rockets
                               TABLE 21 ROCKETS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                               TABLE 22 ROCKETS MARKET, BY TYPE, 2021–2026 (USD MILLION)
           7.3.3 MULTIPLE LAUNCH ROCKET SYSTEMS (MLRS)
    7.4 TORPEDOES
           7.4.1 MODERN AND ADVANCED SUBMARINE TORPEDOES INFLUENCE MARKET DEMAND

8 ROCKETS AND MISSILES MARKET, BY SPEED (Page No. - 79)
    8.1 INTRODUCTION
           FIGURE 27 SUBSONIC SEGMENT TO HOLD DOMINANT POSITION DURING FORECAST PERIOD
                    TABLE 23 ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                    TABLE 24 ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
    8.2 SUBSONIC
           8.2.1 SUBSONIC SPEED MUNITIONS PLAY KEY ROLE IN MODERN WARFARE
    8.3 SUPERSONIC
           8.3.1 INCREASED DEMAND AND INTEGRATION FOR SUPERSONIC MUNITIONS DUE TO HIGH CAPABILITIES
    8.4 HYPERSONIC
           8.4.1 HIGHLY ADVANCED HYPERSONIC WEAPONS IS EXPECTED TO BOOST THE MARKET
                    TABLE 25 HYPERSONIC MISSILES, BY COUNTRY

9 ROCKETS AND MISSILES MARKET, BY PROPULSION TYPE (Page No. - 83)
    9.1 INTRODUCTION
           FIGURE 28 SCRAMJET SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD (2021–2026)
           TABLE 26 ROCKETS AND MISSILES MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
           TABLE 27 ROCKETS AND MISSILES MARKET, BY PROPULSION TYPE, 2021–2026 (USD MILLION)
    9.2 SOLID PROPULSION
           9.2.1 LOWER OPERATIONAL COST AND HIGH THRUST DRIVES DEMAND FOR SOLID PROPULSION
    9.3 LIQUID PROPULSION
           9.3.1 PRITHVI, SCUD, RSM – WIDLEY PROCURED MISSILES THAT USE LIQUID PROPULSION
    9.4 HYBRID PROPULSION
           9.4.1 SAFER ATTRIBUTES OF HYBRID PROPULSION DISRUPT MARKET TRENDS
    9.5 RAMJET
           9.5.1 REQUIREMENT OF HIGH SPEED FOR ROCKETS AND MISSILES INCREASES DEMAND FOR RAMJET ENGINES
    9.6 TURBOJET
           9.6.1 SUPERSONIC SPEED OF AIRCRAFT AND MISSILES LEADS TO MORE DEMAND FOR TURBOJET ENGINES
    9.7 SCRAMJET
           9.7.1 SRAMJET TO PROVIDE AND MAINTAIN SUPERSONIC AND HYPERSONIC SPEED THROUGHOUT THE CRUISE PHASE

10 ROCKETS AND MISSILES MARKET, BY LAUNCH MODE (Page No. - 88)
     10.1 INTRODUCTION
               FIGURE 29 SURFACE TO SURFACE SEGMENT TO HOLD DOMINANT SHARE DURING FORECAST PERIOD
               TABLE 28 ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
               TABLE 29 ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
     10.2 SURFACE TO SURFACE
             10.2.1 VERSATILITY IN LAUNCHING DRIVES SURFACE TO SURFACE SEGMENT
     10.3 SURFACE TO AIR
             10.3.1 MAJORITY OF ANTI-AIRCRAFT SYSTEMS FOR ANTI-AIR WARFARE OPERATIONS INCREASES DEMAND FOR SURFACE TO AIR ROCKETS AND MISSILES
                       TABLE 30 SURFACE TO AIR MISSILES, BY COUNTRY
     10.4 AIR TO AIR
             10.4.1 DOMINANCE IN DOGFIGHT AND AERIAL COMBAT FUELS DEMAND FOR AIR TO AIR ROCKETS AND MISSILES
                       TABLE 31 AIR TO AIR MISSILES, BY KEY COUNTRY
     10.5 AIR TO SURFACE
             10.5.1 AIR TO SURFACE ROCKETS AND MISSILES MARKET DRIVEN BY NEED FOR OVERALL DOMINANCE OF SPACE
                       TABLE 32 AIR TO SURFACE, BY KEY COUNTRY
     10.6 SUBSEA TO SURFACE
             10.6.1 FORTIFICATION EFFORTS AT PORTS FOR BETTER SECURITY BOOST SUBSEA TO SURFACE ROCKET AND MISSILE DEMAND
                       TABLE 33 SURFACE TO SURFACE MISSILES, BY KEY COUNTRY

11 ROCKETS AND MISSILES MARKET, BY GUIDANCE MECHANISM (Page No. - 97)
     11.1 INTRODUCTION
               FIGURE 30 GUIDED SEGMENT PROJECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
               TABLE 34 ROCKETS AND MISSILES MARKET, BY GUIDANCE MECHANISM, 2017–2020 (USD MILLION)
               TABLE 35 ROCKETS AND MISSILES MARKET, BY GUIDANCE MECHANISM, 2021–2026 (USD MILLION)
     11.2 GUIDED
             11.2.1 DEVELOPMENT OF LONG-RANGE GUIDED MISSILES AND ROCKETS TO LEAD MARKET
     11.3 UNGUIDED
             11.3.1 MODERNIZATION AND TECHNOLOGICAL ADVANCEMENTS IN UNGUIDED ROCKETS TO BOOST DEMAND

12 REGIONAL ANALYSIS (Page No. - 100)
     12.1 INTRODUCTION
               FIGURE 31 ROCKETS AND MISSILES MARKET GROWTH: REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS, 2018 TO 2026
               FIGURE 32 NORTH AMERICA TO LEAD ROCKETS AND MISSILES MARKET IN 2021
               TABLE 36 ROCKETS AND MISSILES MARKET, BY REGION, 2017–2020 (USD MILLION)
               TABLE 37 ROCKETS AND MISSILES MARKET, BY REGION, 2021–2026 (USD MILLION)
     12.2 NORTH AMERICA
             12.2.1 COVID-19 IMPACT ON NORTH AMERICA
             12.2.2 PESTLE ANALYSIS: NORTH AMERICA
                       FIGURE 33 SNAPSHOT: ROCKETS AND MISSILES MARKET IN NORTH AMERICA
                       TABLE 38 NORTH AMERICA: ROCKETS AND MISSILES MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 39 NORTH AMERICA: ROCKETS AND MISSILES MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 40 NORTH AMERICA: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                       TABLE 41 NORTH AMERICA: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                       TABLE 42 NORTH AMERICA: ROCKETS AND MISSILES MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                       TABLE 43 NORTH AMERICA: ROCKETS AND MISSILES MARKET, BY PROPULSION TYPE, 2021–2026 (USD MILLION)
                       TABLE 44 NORTH AMERICA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                       TABLE 45 NORTH AMERICA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                       TABLE 46 NORTH AMERICA: ROCKETS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 47 NORTH AMERICA: ROCKETS MARKET, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 48 NORTH AMERICA: MISSILES MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 49 NORTH AMERICA: MISSILES MARKET, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 50 NORTH AMERICA: ROCKETS AND MISSILES MARKET, BY GUIDANCE MECHANISM, 2017–2020 (USD MILLION)
                       TABLE 51 NORTH AMERICA: ROCKETS AND MISSILES MARKET, BY GUIDANCE MECHANISM, 2021–2026 (USD MILLION)
                       TABLE 52 NORTH AMERICA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                       TABLE 53 NORTH AMERICA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.2.3 US
                       12.2.3.1 US market driven by increase in militants and rise in Taliban power in Afghanistan
                                   TABLE 54 US: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 55 US: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 56 US: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 57 US: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
                                   TABLE 58 US: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 59 US: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
             12.2.4 CANADA
                       12.2.4.1 Government support drives rockets and missiles market in Canada
                                   TABLE 60 CANADA: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 61 CANADA: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 62 CANADA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 63 CANADA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
                                   TABLE 64 CANADA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 65 CANADA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
     12.3 ASIA PACIFIC
             12.3.1 COVID-19 IMPACT ON ASIA PACIFIC
             12.3.2 PESTLE ANALYSIS: ASIA PACIFIC
                       FIGURE 34 SNAPSHOT: ROCKETS AND MISSILES MARKET IN ASIA PACIFIC
                       TABLE 66 ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 67 ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 68 ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                       TABLE 69 ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                       TABLE 70 ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY PROPULSION, 2017–2020 (USD MILLION)
                       TABLE 71 ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY PROPULSION TYPE, 2021–2026 (USD MILLION)
                       TABLE 72 ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                       TABLE 73 ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                       TABLE 74 ASIA PACIFIC: ROCKETS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 75 ASIA PACIFIC: ROCKETS MARKET, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 76 ASIA PACIFIC: MISSILES MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 77 ASIA PACIFIC: MISSILES MARKET, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 78 ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY GUIDANCE MECHANISM, 2017–2020 (USD MILLION)
                       TABLE 79 ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY GUIDANCE MECHANISM, 2021–2026 (USD MILLION)
                       TABLE 80 ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                       TABLE 81 ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.3.3 CHINA
                       12.3.3.1 Instability across China borders and neighboring countries drives demand
                                   TABLE 82 CHINA: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 83 CHINA: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 84 CHINA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 85 CHINA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 86 CHINA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 87 CHINA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.3.4 INDIA
                       12.3.4.1 Ongoing military modernization and ‘Self-reliant India’ campaign to fuel market growth
                                   TABLE 88 INDIA: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 89 INDIA: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 90 INDIA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 91 INDIA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 92 INDIA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 93 INDIA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.3.5 JAPAN
                       12.3.5.1 Development of new rockets and missiles and procurement of radars influence Japanese market
                                   TABLE 94 JAPAN: ROCKETS AND MISSILES MARKET, BY SPEED,  2017–2020 (USD MILLION)
                                   TABLE 95 JAPAN: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 96 JAPAN: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 97 JAPAN: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 98 JAPAN: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 99 JAPAN: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.3.6 SOUTH KOREA
                       12.3.6.1 South Korea focuses on rockets and missiles to improve defense capabilities
                                   TABLE 100 SOUTH KOREA: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 101 SOUTH KOREA: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 102 SOUTH KOREA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 103 SOUTH KOREA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 104 SOUTH KOREA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 105 SOUTH KOREA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.3.7 AUSTRALIA
                       12.3.7.1 Government keen on developing a sovereign guided weapon manufacturing for self-reliance
                                   TABLE 106 AUSTRALIA: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 107 AUSTRALIA: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 108 AUSTRALIA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 109 AUSTRALIA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 110 AUSTRALIA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 111 AUSTRALIA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.3.8 REST OF ASIA PACIFIC
                       12.3.8.1 Instability propels demand for rockets and missiles in Rest of Asia Pacific
                                   TABLE 112 REST OF ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 113 REST OF ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 114 REST OF ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 115 REST OF ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 116 REST OF ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 117 REST OF ASIA PACIFIC: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
     12.4 EUROPE
             12.4.1 COVID-19 IMPACT ON EUROPE
             12.4.2 PESTLE ANALYSIS: EUROPE
                       FIGURE 35 SNAPSHOT: ROCKETS AND MISSILES MARKET IN EUROPE
                       TABLE 118 EUROPE: ROCKETS AND MISSILES MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 119 EUROPE: ROCKETS AND MISSILES MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 120 EUROPE: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                       TABLE 121 EUROPE: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                       TABLE 122 EUROPE: ROCKETS AND MISSILES MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                       TABLE 123 EUROPE: ROCKETS AND MISSILES MARKET, BY PROPULSION TYPE, 2021–2026 (USD MILLION)
                       TABLE 124 EUROPE: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                       TABLE 125 EUROPE: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                       TABLE 126 EUROPE: ROCKETS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 127 EUROPE: ROCKETS MARKET, BY TYPE , 2021–2026 (USD MILLION)
                       TABLE 128 EUROPE: MISSILES MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 129 EUROPE: MISSILES MARKET, BY TYPE , 2021–2026 (USD MILLION)
                       TABLE 130 EUROPE: ROCKETS AND MISSILES MARKET, BY GUIDANCE MECHANISM, 2017–2020 (USD MILLION)
                       TABLE 131 EUROPE: ROCKETS AND MISSILES MARKET, BY GUIDANCE MECHANISM, 2021–2026 (USD MILLION)
                       TABLE 132 EUROPE: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                       TABLE 133 EUROPE: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.4.3 UK
                       12.4.3.1 Modernization programs of weapons strengthen UK market position
                                   TABLE 134 UK: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 135 UK: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 136 UK: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 137 UK: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 138 UK: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 139 UK: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.4.4 FRANCE
                       12.4.4.1 Internal security enhancement to be driving force for French market
                                   TABLE 140 FRANCE: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 141 FRANCE: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 142 FRANCE: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 143 FRANCE: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 144 FRANCE: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 145 FRANCE: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.4.5 GERMANY
                       12.4.5.1 Defense interests drive market in Germany
                                   TABLE 146 GERMANY: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 147 GERMANY: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 148 GERMANY: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 149 GERMANY: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 150 GERMANY: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 151 GERMANY: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.4.6 ITALY
                       12.4.6.1 Redeveloping defense systems to fuel Italian market
                                   TABLE 152 ITALY: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 153 ITALY: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 154 ITALY: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 155 ITALY: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 156 ITALY: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 157 ITALY: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.4.7 RUSSIA
                       12.4.7.1 Russian market driven by development in defense industry to meet international demand
                                   TABLE 158 RUSSIA: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 159 RUSSIA: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 160 RUSSIA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 161 RUSSIA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 162 RUSSIA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 163 GERMANY: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.4.8 REST OF EUROPE
                       12.4.8.1 Rising insecurity due to post-Brexit scenarios pushes demand in Rest of Europe
                                   TABLE 164 REST OF EUROPE: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 165 REST OF EUROPE: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 166 REST OF EUROPE: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 167 REST OF EUROPE: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 168 REST OF EUROPE : ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 169 REST OF EUROPE: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
     12.5 REST OF THE WORLD
             12.5.1 COVID-19 IMPACT ON REST OF THE WORLD
             12.5.2 PESTLE ANALYSIS: REST OF THE WORLD
                       TABLE 170 REST OF THE WORLD: ROCKETS AND MISSILES MARKET, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 171 REST OF THE WORLD: ROCKETS AND MISSILES MARKET, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 172 REST OF THE WORLD: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                       TABLE 173 REST OF THE WORLD: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                       TABLE 174 REST OF THE WORLD: ROCKETS AND MISSILES MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                       TABLE 175 REST OF THE WORLD: ROCKETS AND MISSILES MARKET, BY PROPULSION TYPE, 2021–2026 (USD MILLION)
                       TABLE 176 REST OF THE WORLD: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                       TABLE 177 REST OF THE WORLD: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                       TABLE 178 REST OF THE WORLD: ROCKETS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 179 REST OF THE WORLD: ROCKETS MARKET, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 180 REST OF THE WORLD: MISSILES MARKET, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 181 REST OF THE WORLD: MISSILES MARKET, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 182 REST OF THE WORLD: ROCKETS AND MISSILES MARKET, BY GUIDANCE MECHANISM, 2017–2020 (USD MILLION)
                       TABLE 183 REST OF THE WORLD: ROCKETS AND MISSILES MARKET, BY GUIDANCE MECHANISM, 2021–2026 (USD MILLION)
                       TABLE 184 REST OF THE WORLD: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                       TABLE 185 REST OF THE WORLD: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.5.3 LATIN AMERICA
                       12.5.3.1 Focus on strengthening combat capabilities boosts market in Latin America
                                   TABLE 186 LATIN AMERICA: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 187 LATIN AMERICA: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 188 LATIN AMERICA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 189 LATIN AMERICA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 190 LATIN AMERICA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 191 LATIN AMERICA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)
             12.5.4 MIDDLE EAST & AFRICA
                       12.5.4.1 Focus on securing borders and improving military capabilities contributes to market growth in Middle East & Africa
                                   TABLE 192 MIDDLE EAST & AFRICA: ROCKETS AND MISSILES MARKET, BY SPEED, 2017–2020 (USD MILLION)
                                   TABLE 193 MIDDLE EAST & AFRICA: ROCKETS AND MISSILES MARKET, BY SPEED, 2021–2026 (USD MILLION)
                                   TABLE 194 MIDDLE EAST & AFRICA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
                                   TABLE 195 MIDDLE EAST & AFRICA: ROCKETS AND MISSILES MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
                                   TABLE 196 MIDDLE EAST & AFRICA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2017–2020 (USD MILLION)
                                   TABLE 197 MIDDLE EAST & AFRICA: ROCKETS AND MISSILES MARKET, BY LAUNCH MODE, 2021–2026 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 164)
     13.1 INTRODUCTION
               TABLE 198 KEY DEVELOPMENTS IN ROCKETS AND MISSILES MARKET BETWEEN 2018 AND 2021
     13.2 MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2020
               TABLE 199 DEGREE OF COMPETITION
               FIGURE 36 SHARE OF TOP 5 PLAYERS IN ROCKETS AND MISSILES MARKET
               FIGURE 37 COLLECTIVE REVENUE SHARE OF TOP PLAYERS
     13.3 MARKET SHARE ANALYSIS, 2020
               TABLE 200 REVENUE GENERATED BY MAJOR PLAYERS IN ROCKETS AND MISSILES MARKET
               TABLE 201 COMPANY REGION FOOTPRINT
               TABLE 202 COMPANY PRODUCT FOOTPRINT
               TABLE 203 COMPANY APPLICATION FOOTPRINT
     13.4 COMPETITIVE EVALUATION QUADRANT
             13.4.1 STAR
             13.4.2 PERVASIVE
             13.4.3 EMERGING LEADERS
             13.4.4 PARTICIPANTS
                       FIGURE 38 ROCKETS AND MISSILES MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
     13.5 COMPETITIVE SCENARIO
             13.5.1 NEW PRODUCT LAUNCHES
                       TABLE 204 NEW PRODUCT LAUNCHES, JANUARY 2018–OCTOBER 2021
             13.5.2 DEALS
                       TABLE 205 DEALS, JANUARY 2018– OCTOBER 2021

14 COMPANY PROFILES (Page No. - 176)
(Business overview, Products/solution/services offered, Recent developments & MnM View)*
     14.1 NORTHROP GRUMMAN CORPORATION
               TABLE 206 NORTHROP GRUMMAN CORPORATION: BUSINESS OVERVIEW
               FIGURE 39 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
               TABLE 207 NORTHROP GRUMMAN CORPORATION: DEALS
     14.2 LOCKHEED MARTIN CORPORATION
               TABLE 208 LOCKHEED MARTIN CORPORATION: BUSINESS OVERVIEW
               FIGURE 40 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
               TABLE 209 LOCKHEED MARTIN CORPORATION: DEALS
     14.3 RAYTHEON TECHNOLOGIES CORPORATION
               TABLE 210 RAYTHEON TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW
               FIGURE 41 RAYTHEON TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
               TABLE 211 RAYTHEON TECHNOLOGIES CORPORATION: DEALS
     14.4 THE BOEING COMPANY
               TABLE 212 THE BOEING COMPANY: BUSINESS OVERVIEW
               FIGURE 42 THE BOEING COMPANY: COMPANY SNAPSHOT
               TABLE 213 THE BOEING COMPANY: PRODUCT LAUNCHES
               TABLE 214 THE BOEING COMPANY: DEALS
     14.5 GENERAL DYNAMICS CORPORATION
               TABLE 215 GENERAL DYNAMICS CORPORATION: BUSINESS OVERVIEW
               FIGURE 43 GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
               TABLE 216 GENERAL DYNAMICS CORPORATION: DEALS
     14.6 BAE SYSTEMS
               TABLE 217 BAE SYSTEMS: BUSINESS OVERVIEW
               FIGURE 44 BAE SYSTEMS: COMPANY SNAPSHOT
               TABLE 218 BAE SYSTEMS: DEALS
     14.7 ISRAEL AEROSPACE INDUSTRIES
               TABLE 219 ISRAEL AEROSPACE INDUSTRIES: BUSINESS OVERVIEW
               FIGURE 45 ISRAEL AEROSPACE INDUSTRIES: COMPANY SNAPSHOT
               TABLE 220 ISRAEL AEROSPACE INDUSTRIES: PRODUCT LAUNCHES
            TABLE 221 ISRAEL AEROSPACE INDUSTRIES: DEALS
     14.8 THALES
               TABLE 222 THALES: BUSINESS OVERVIEW
               FIGURE 46 THALES: COMPANY SNAPSHOT
               TABLE 223 THALES: DEALS
     14.9 LIG NEX1 CO. LTD.
               TABLE 224 LIG NEX1 CO LTD: BUSINESS OVERVIEW
               FIGURE 47 LIG NEX1 CO LTD COMPANY SNAPSHOT
     14.10 BHARAT DYNAMICS LIMITED
               TABLE 225 BHARAT DYNAMICS LIMITED: BUSINESS OVERVIEW
               FIGURE 48 BHARAT DYNAMICS LIMITED COMPANY SNAPSHOT
               TABLE 226 BHARAT DYNAMICS LIMITED: DEALS
     14.11 MBDA
               TABLE 227 MBDA: BUSINESS OVERVIEW
               TABLE 228 MBDA: DEALS
     14.12 ELBIT SYSTEMS
               TABLE 229 ELBIT SYSTEMS: BUSINESS OVERVIEW
               FIGURE 49 ELBIT SYSTEMS: COMPANY SNAPSHOT
     14.13 KONGSBERG
               TABLE 230 KONGSBERG: BUSINESS OVERVIEW
               FIGURE 50 KONGSBERG: COMPANY SNAPSHOT
               TABLE 231 KONGSBERG: DEALS
     14.14 SAAB AB
               TABLE 232 SAAB AB: BUSINESS OVERVIEW
               FIGURE 51 SAAB AB: COMPANY SNAPSHOT
               TABLE 233 SAAB AB: PRODUCT LAUNCHES
               TABLE 234 SAAB AB: DEALS
     14.15 DIEHL DEFENCE
               TABLE 235 DIEHL DEFENCE: BUSINESS OVERVIEW
     14.16 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.
               TABLE 236 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: BUSINESS OVERVIEW
               TABLE 237 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: DEALS
     14.17 HANWHA DEFENSE
               TABLE 238 HANWHA DEFENSE: BUSINESS OVERVIEW
     14.18 GENERAL ATOMICS
               TABLE 239 GENERAL ATOMICS: BUSINESS OVERVIEW
               TABLE 240 GENERAL ATOMICS: DEALS
     14.19 KBP INSTRUMENTS DESIGN BUREAU
               TABLE 241 KBP INSTRUMENTS DESIGN BUREAU: BUSINESS OVERVIEW
     14.20 DENEL DYNAMICS
               TABLE 242 DENEL DYNAMICS: BUSINESS OVERVIEW
     14.21 ALMAZ-ANTEY
                 TABLE 243 ALMAZ-ANTEY: BUSINESS OVERVIEW
     14.22 ROKETSAN
                 TABLE 244 ROKETSAN: BUSINESS OVERVIEW
                 TABLE 245 ROKETSAN: PRODUCT LAUNCHES
                 TABLE 246 ROKETSAN: DEALS
     14.23 SPETSTECHNOEXPORT (STE)
                 TABLE 247 SPETSTECHNOEXPORT (STE): BUSINESS OVERVIEW
                 TABLE 248 SPETSTECHNOEXPORT (STE): DEALS
     14.24 FRONTIER ELECTRONIC SYSTEMS CORP.
                 TABLE 249 FRONTIER ELECTRONIC SYSTEMS CORP.: BUSINESS OVERVIEW
     14.25 ARIANE GROUP
                 TABLE 250 ARIANE GROUP: BUSINESS OVERVIEW

*Details on Business overview, Products/solution/services offered, Recent developments & MnM View might not be captured in case of unlisted companies.

15 APPENDIX (Page No. - 239)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATION
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the Rockets and Missiles market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included government sources, such as Worldbank defense expenditure database; department of defense websites, corporate filings such as annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from Rockets and Missiles integrators; component providers; distributors; and key opinion leaders.

Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, threat type, range, domain, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using Rockets and Missiles were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of Rockets and Missiles and future outlook of their business which will affect the overall market.

Rockets and Missiles Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

ROCKETS AND MISSILES OEMS

Others

  • Lockheed Martin
  • BAE Systems
  • Raytheon Technologies
  • Kongsberg Gruppen
  • Northrop Grumman Corporation
  • Roketsan
  • Thales Group
  • MBDA

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Rockets and Missiles market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:

  • Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Rockets and Missiles Market Size: Bottom-Up Approach

Rockets and Missiles Market  Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall size of the Rockets and Missiles market using the market size estimation processes explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from demand as well as supply sides of the Rockets and Missiles market.

Report Objectives

  • To define, describe, segment, and forecast the size of the Rockets and Missiles market based on technology, speed, product, mode of operation, launch platforms and region
  • To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, and Rest of the World, along with major countries in each region
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the Rockets and Missiles market
  • To analyze technological advancements and product launches in the market
  • To strategically analyze micromarkets1, with respect to their growth trends, prospects, and their contribution to the market
  • To identify financial positions, key products, and key developments of leading companies in the market
  • To provide a detailed competitive landscape of the market, along with market share analysis
  • To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
  • To strategically profile key players in the market and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

Additional country-level analysis of the Rockets and Missiles Market

Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the Rockets and Missiles Market
Report Code
AS 5301
Published ON
Jan, 2022
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