Asia-Pacific (APAC) Missile Market

The Asia-Pacific (APAC) missile market is estimated to be valued at USD 3.69 billion (in terms of market size) in 2025. It is projected to reach USD 6.26 billion by 2030 at a CAGR of 11.1%. Market growth is supported by the rising cross-border conflicts and geopolitical tensions, comprehensive modernization programs, breakthroughs in hypersonic and precision guidance technology, and growth in defense budgets across emerging economies, which drive the demand for missiles in the APAC region.

RTX Corporation (US), Mitsubishi Heavy Industries Ltd. (Japan), LIG Nex1 (South Korea), MBDA (France), and Bharat Dynamics Limited (India) are some of the leading companies in the Asia-Pacific (APAC) missile market. These companies have leveraged various growth strategies, including product developments, contracts, collaborations, expansion, agreements, and R&D activities. These organic and inorganic strategies have allowed market players to expand across the APAC region by offering their missile products.

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Major Asia-Pacific (APAC) Missile Companies Include:

• RTX Corporation (US)
• Mitsubishi Heavy Industries Ltd. (Japan)
• LIG Nex1 (South Korea)
• MBDA (France)
• Bharat Dynamics Limited (India)
• Lockheed Martin (US)
• Northrop Grumman (US)
• Elbit Systems Ltd. (Israel)
• KONGSBERG (Norway)
• Rafael Advanced Defense Systems (Israel)

RTX Corporation (US)

RTX’s broad portfolio spans aircraft propulsion, flight-critical electronics, cybersecurity, space systems, and tactical weapons. The company is a Tier-1 supplier to key APAC countries, with government contracts representing a significant proportion of annual revenue. Flagship defense programs include the Patriot and NASAMS surface-to-air systems, AMRAAM, and Javelin precision weapons.

Mitsubishi Heavy Industries Ltd. (Japan)

Mitsubishi Heavy Industries Ltd. (MHI) draws on decades of experience in aerospace, energy systems, and heavy engineering to support Japan’s missile programs. As the prime industrial partner of the Japan Self-Defense Forces, the company designs, manufactures, and sustains surface-to-air interceptors, anti-ship missiles, and other tactical weapons, keeping each system mission-ready over its whole life cycle. Missile production has become a steady, high-margin contributor within MHI’s broader technology portfolio and will likely remain central to the group’s earnings and research priorities.

LIG Nex1 (South Korea)

LIG Nex1 has emerged as South Korea’s principal missile house, steering several flagship programs from concept to fleet integration. Its Haeseong series of sea-skimming cruise missiles equips Korean destroyers and submarines with long-range anti-ship reach. On the air defense layer, the company co-developed the network-enabled KM-SAM “Cheongung,” a medium-range interceptor designed to defeat both aircraft and limited ballistic threats.

MBDA (France)

MBDA is a dedicated European missile group owned by Airbus SE (37.5 %), BAE Systems plc (37.5 %), and Leonardo S.p.A. (25 %). MBDA acts as a niche, multi-domain supplier whose systems are already fielded by key APAC customers. Its Meteor, MICA, and ASRAAM equip frontline fighter fleets in India, Singapore, and Australia. At the same time, its Exocet anti-ship family and CAMM/Sea Ceptor air-defense missiles protect Malaysian, Indonesian, and New Zealand naval platforms. Land-based variants of CAMM are also being promoted to several Southeast Asian armies.

Bharat Dynamics Limited (India)

Bharat Dynamics Limited (BDL) anchors India’s guided-weapon supply chain, converting Defence R&D Organisation prototypes into serial production for the Army, Navy, and Air Force. From the Akash and Astra surface- and air defense families to the Nag anti-tank missile and the ship-launched Varunastra rocket torpedo, BDL’s catalog spans every primary operational domain. The company’s Hyderabad complexes integrate propulsion, seekers, and warheads under a single roof, allowing rapid scale-up once a system clears user trials.

Related Reports:

Asia-Pacific (APAC) Missile Market by (Cruise, Ballistic, Interceptors, Anti-Tank, Anti-Ship, Submarine Launched Missiles), Component (Airframe, Guidance, Navigation, Control, Propulsion, Warhead, Battery), Speed, End User - Regional Forecast to 2030

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