The Missiles Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Missiles Market?
The missiles market has experienced significant expansion lately, increasing from $24.96 billion in 2024 to expected $27.21 billion in 2025. The compound annual growth rate (CAGR) during this period is 9.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Missiles Industry?
The size of the missiles market is predicted to increase significantly in the upcoming years, reaching a value of $36.11 billion in 2029. The forecasted compound annual growth rate (CAGR) for this period is 7.3%.
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What are the Key Growth Drivers Fueling the Missiles Market?
The key drivers in the missiles market are:
• Emergence of new threats and security challenges
• Evolution of modern warfare tactics
• Development of deterrent and defense strategies
• Changes in global arms control agreements and military doctrine
Global Market Segmentation: Identifying Major Missiles Industry Segments
The missiles market covered in this report is segmented –
1) By Product Type: Cruise Missiles, Ballistic Missiles
2) By Range: Short Range Missile, Medium Range Missile, Intermediate Range Missile
3) By Propulsion Type: Ramjet, Scramjet, Turbojet, Liquid Propulsion, Solid Propulsion, Hybrid Propulsion
4) By Application: Defense, Homeland Security
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What are the Emerging Trends Shaping the Future of the Missiles Market?
The key trends in the missiles market are:
• Electromagnetic pulse (EMP) resilience is a major trend shaping the future of the missiles market.
• There is an increased focus on developing long-range strike capabilities.
• The market is experiencing a trend towards the miniaturization of missile technology.
• Collaborative development and international partnerships are emerging as important trends in the industry.
Who Are the Top Competitors & Leading Players in the Missiles Market?
Major companies in the missiles market are:
• Raytheon Technologies Corporation
• Boeing International Holdings Ltd.
• Lockheed Martin Corporation
• Airbus SE
• Hanwha Corporation
• China Aerospace Science and Technology Corporation
• General Dynamics Corporation
• Northrop Grumman Corporation
• BAE Systems plc
• L3Harris Technologies Inc.
• Textron Inc.
• JSC Rosoboronexport
• Leonardo SpA
• Rheinmetall AG
• Israel Aerospace Industries
• Saab AB
• Roketsan Roket Sanayii ve Ticaret AS
• MBDA Incorporated
• Rafael Advanced Defense Systems Ltd.
• Kongsberg Gruppen ASA
• Aerojet Rocketdyne Holdings Inc.
• ASELSAN A.S.
• Bharat Dynamics Limited
• Ukroboronprom State Concern
• Avibras Industrial Aerospecial SA
• Tactical Missiles Corporation
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the missiles market in 2024
