Global Rocket and Missile Market

A rocket engine is a component of a propulsion system that uses the combustion of reactive chemicals to supply the necessary energy to run the rocket. The rocket engine uses fuel and a source of oxygen to produce hot exhaust and accelerates the flow and produces thrust. The main types of rocket engines are physically powered, chemically powered, electrically powered, thermal, and nuclear. Electrically powered rocket engines employ electricity to accelerate a propellant using various electrical and/or magnetic techniques. The various products include liquid rocket engines and solid rocket engines that are used in spacecraft, ballistic missiles, and others. The rocket engines market research report is one of a series of new reports from The Business Research Company that provides rocket engine market statistics, including rocket engine industry global market size, regional shares, competitors with a rocket engine market share, detailed rocket engine market segments, market trends and opportunities, and any further data you may need to thrive in the rocket engine industry. This rocket engine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global rocket engines market size will grow from $2.77 billion in 2022 to $2.71 billion in 2023 at a compound annual growth rate (CAGR) of -2.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rocket engines market size is expected to grow to $3.17 billion in 2027 at a CAGR of 3.9%. Increasing rocket launches are expected to drive the growth of the rocket engine market in the forecast period. Over the next decade, hundreds of corporations and government agencies around the world are planning to launch rockets and place tens of thousands of satellites in large low-Earth orbit constellations. In 2019, there were 102 orbital launch attempts worldwide, with 97 of them reaching orbit. By 2025, the U.S. launch rate alone will double to around 200 launches each year, even if half of the strategies are successful. Therefore, the increasing rocket launches propel the growth of the rocket engine market. The high investment required for producing and procuring rocket engines is expected to hinder the growth of the rocket engine market in the forecast period. Rocket engines, which are extremely complex machines, require the most efficient combustion systems to move a spacecraft that requires extensive research and development and expensive components to manufacture. For instance, in May 2020, NASA awarded a contract to the U.S.-based rocket engine manufacturer, Aerojet Rocketdyne, to develop 18 Space Launch System (SLS) RS-25 rocket engines to support its Artemis Moon missions. This cost around $1.79 billion, including the amount required to develop and test these engines. Therefore, the high investment required for producing and procuring rocket engines restrains the growth of the rocket engine market. 3D printing technology is the key trend gaining popularity in the rocket engine market. Space organizations and private companies are designing 3D-printed rocket engines to reduce costs and speed up production. For instance, in September 2020, NASA's Rapid Analysis and Manufacturing Propulsion Technology (RAMPT) project is developing the production of an additive manufacturing methodology utilizing metal powder and lasers to 3D print rocket engine components. This technology is expected to reduce the cost of manufacturing complex combustion parts and also reduce the lead time of production. In February 2020, Skyrora, a US-based rocket start-up company, successfully tested its 3D-printed rocket engines. In December 2020, Lockheed Martin, a US-based defense contractor, acquired Aerojet Rocketdyne for an amount of $4.4 billion. The acquisition expands Lockheed Martin's propulsion expertise, and Aerojet Rocketdyne's technologies were already 'key components' of Lockheed's supply chain. Aerojet Rocketdyne is a US-based rocket engine and missile manufacturer. Major players in the rocket engines market are Aerojet Rocketdyne, Space X, Roscosmos, Mitsubishi Heavy Industries, Northrop Grumman, Safran, China Aerospace Science, and Technology Corporation (CASC), NASA, Blue Origin, Lockheed Martin, The Boeing Company and Rocket Lab. North America was the largest region in the rocket engines market in 2022. North America is expected to be the fastest-growing region in the global rocket engines market during the forecast period. The regions covered in the global rocket engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the rocket engines market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The rocket engine market consists of sales of rocket engines of various types to run the rockets. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD (cash), unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global rocket engines market is segmented - 1) By Type: Physically Powered, Chemically Powered, Electrically Powered, Thermal, Nuclear 2) By Product Type: Liquid Rocket Engine, Solid Rocket Engine 3) By Application: Spacecraft, Ballistic Missiles, Others

Rocket propulsion refers to the act of pushing a rocket forward with force in order to launch it into the atmosphere. The rocket propulsion is used to produce thrust, the force which moves a rocket through the air and through space. Rockets require a solid or liquid propellant, which consists of a fuel source and an oxidizer which provides the oxygen required to burn the fuel. The main types of rocket propulsion markets are solid propulsion, liquid propulsion, and hybrid propulsion. Solid propulsion refers to a type of propulsion system in which, the fuel and oxidizer are mixed together into a solid propellant and used as boosters for launch. The orbits in rocket propulsion include LEO, MEO, GEO, and beyond GEO. The different launch vehicle types utilizing in rocket propulsion systems include manned and unmanned. The various end-users of rocket propulsion systems include civil and commercial, and military. The rocket propulsion market research report is one of a series of new reports from The Business Research Company that provides rocket propulsion market statistics, including rocket propulsion industry global market size, regional shares, competitors with a rocket propulsion market share, detailed rocket propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the rocket propulsion industry. This rocket propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global rocket propulsion market size grew from $5.21 billion in 2022 to $5.64 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The rocket propulsion market size is expected to grow to $7.86 billion in 2027 at a CAGR of 8.6%. Increased spending and capital investment by government bodies and space companies are significantly driving the rocket propulsion market. Capital investment refers to the acquisition of physical assets by a company for use in furthering its long-term business goals and objectives. Industries are investing huge capital in space exploration, and product innovation for technological advancements, and government agencies also taking initiatives and allowing them to spend more on research and development and produce more efficient and creative technology. For instance, according to Space Capital LP, a US-based venture capital firm that invests in space-based technologies, with another $7.2 billion invested in the Q1 2022, venture capital invested $17.1 billion into 328 space companies in 2021, accounting for 3% of total global venture capital flows. According to USAspending, a US-based official open data source of federal spending information, in FY 2022, the National Aeronautics and Space Administration (NASA) had $30.44 bn in available budgetary resources distributed among its 1 agency sub-components to drive advances in technology, aeronautics, and space exploration to enhance knowledge and innovation. Therefore, increasing spending and capital investment by government bodies and space companies is predicted to boost demand for rocket propulsion systems during the forecast period. Technological advancements and innovations are the key trends gaining popularity in the rocket propulsion market. Many research institutes and companies are developing innovative products to meet industry demands and strengthen their business presence in the rocket propulsion systems sector. For instance, according to Science Daily, a US-based press release that publishes about science, in 2020, researchers from the University of Central Florida invented a new rocket propulsion system, known as a rotating detonation rocket engine, that allows upper-stage rockets for space missions to become lighter, travel farther, and burn more cleanly. This technique increases the efficiency of rocket engines, allowing greater power to be created while consuming less fuel than typical rocket energy, decreasing the rocket's load, costs, and pollutants. In August 2021, Phantom Space Corporation, a US-based space transportation and rocket manufacturing company, acquired Micro Aerospace Solutions for an undisclosed amount. This deal is expected to help Phantom Space Corporation expand space access by mass-producing launch vehicles, satellites, and space propulsion technologies. Micro Aerospace Solutions is a US-based company, that manufactures space propulsion systems and specializes in thruster design and propulsion systems. Major players in the rocket propulsion market are Aerojet Rocketdyne, Mitsubishi Heavy Industries, Space Exploration Technologies Corp., Safran S.A., Blue Origin, JSC Kuznetsov, Yuzhmash, Rocket Lab, NPO Energomash, Orbital ATK, Lockheed Martin, Thales Group, Kongsberg Gruppen ASA, The Raytheon Company, and Roketsan A.S. Asia-Pacific was the largest region in the rocket propulsion market in 2022, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the rocket propulsion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the rocket propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The rocket propulsion market consists of sales of cryogenic propulsion, electric propulsion system and nuclear propulsion. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global rocket propulsion market is segmented - 1) By Propulsion Type: Solid, Liquid, Hybrid 2) By Orbit Type: LEO, MEO, GEO, Beyond GEO 3) By Launch Vehicle Type: Manned, Unmanned 4) By End User Type: Civil and Commercial, Military

A missile is a guided airborne ranged weapon designed to deliver an explosive warhead at high speed with great accuracy. The components of missiles include the targeting system, guidance system, flight system, engine, and warhead. The main product types in the missile market are cruise missiles and ballistic missiles. A cruise missile is a guided missile used against terrestrial targets that stays in the atmosphere and travels the majority of its flight path at a constant speed. Cruise missiles are built to deliver a large warhead over long distances with pinpoint accuracy. The various ranges of missiles include short-range missiles, medium-range missiles, and intermediate-range missiles, and the types of propulsion used are ramjets, scramjets, turbojets, liquid propulsion, solid propulsion, and hybrid propulsion. The missiles are used in defence and homeland security. The missile market research report is one of a series of new reports from The Business Research Company that provides missile market statistics, including industry global market size, regional shares, competitors with a missile market share, detailed missile market segments, market trends and opportunities, and any further data you may need to thrive in the missile industry. This missile market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global missiles market size will grow from $28.84 billion in 2022 to $31.42 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global missiles market is expected to reach $40.2 billion by 2027, growing at a 6.4% CAGR. Increased defence spending is expected to fuel the growth of the missile market. Countries around the world are investing in defence to protect their territories. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers, and non-proliferation, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh straight year that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world's second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China's military spending has increased for the past 27 years. Therefore, increased defence spending drives the growth of the missile market.  Artificial intelligence is a key trend gaining popularity in the missile market. Countries across the world are designing artificial intelligence missiles to hit targets that humans cannot reach. Artificial intelligence gives missiles the potential to strike moving targets and also provides greater accuracy than other technologies. For instance, in July 2021, Rafael Advanced Defense Systems Ltd., an Israel-based defense technology company, unveiled its new Sea Breaker maritime and land-based long-range missile, a fifth-generation weapon system that combines artificial intelligence and decision-making algorithms. Up to 300 km away, Sea Breaker can deliver surgical, pinpoint precision strikes. It has an advanced IIR (imaging infrared) seeker that makes it perfect for engagements with stationary or moving maritime and land targets in advanced Anti Access/Area Denial (A2/AD) arenas, as well as in littoral or brown water, including archipelagos, as well as for engagements where earlier RF-seeker-based missiles are ineffective.    In April 2020, United Technologies, a US-based company that provides equipment and services to the aerospace and building industries, acquired Raytheon Company. Through this acquisition, both companies have become part of Raytheon Technologies with the aim of combining strengths and capabilities that make them distinctively armed to support our customers and partners in this unprecedented period. It also intends to introduce cutting-edge technologies at an accelerated rate across high-value sectors such as hypersonics, targeted energy, avionics, and cybersecurity. Raytheon Company, a US-based expert in aerospace and defense technologies, for an undisclosed amount. Major players in the missile market are BAE Systems, Lockheed Martin Corporation, Raytheon Technologies, Northrop Grumman Corporation, Boeing, Tactical Missiles Corporation, Aerojet Rocketdyne, Rafael Advanced Defense Systems Ltd., Avibras Industrial Aerospecial SA, Israel Aerospace Industries, China Aerospace Science and Technology Corporation, and General Dynamic. Asia-Pacific was the largest region in the missiles market in 2022. Western Europe is expected to be the fastest-growing region in the global missiles market during the forecast period. The regions covered in the global missile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the missiles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The missile market consists of sales of guided missiles or rockets to deliver an explosive warhead with precision at high speed. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global missiles market 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 

Missile defense system refer to the technology or weapon that is involved in tracking, detection, and destruction of the attacking missiles. Missile defense systems are designed specifically to target threats quickly, while other forward-based missile defense systems will be able to carry out missions against rival aircraft and air-launched cruise missiles. The main types of technologies used in missile defense system are fire control system, weapon system, countermeasure system and command and control system. The fire control system are the missile defense systems that refers to a group of components that work together to assist the weapon system in tracking and targeting a target. The various domains using missile defense system includes ground, air, marine and space and have ranges such as short, medium and long. Various threat type of missile defense system are subsonic missiles, supersonic missiles and hypersonic missiles. The missile defense system market research report is one of a series of new reports from The Business Research Company that provides missile defense system market statistics, including missile defense system industry global market size, regional shares, competitors with a missile defense system market share, detailed missile defense system market segments, market trends and opportunities, and any further data you may need to thrive in the missile defense system industry. This missile defense system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global missile defense system market size grew from $25.65 billion in 2022 to $28.73 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The missile defense system market size is expected to grow to $43.84 billion in 2027 at a CAGR of 11.1%. The surge in defense spending globally is expected to drive the growth of the missile defense system market in the forecast period. The surge in defense expenditure facilitates the implementation of expensive but necessary missile defense system technologies. The advancements in weapons and attacking capabilities worldwide have created the demand for the installation of defense technologies by governments to prevent threats from foreign countries. For instance, according to Stockholm International Peace Research Institute (SIPRI), total global military expenditure has increased to $1,981 billion in 2020 with an increase of 2.6% from 2019. The United States being the world’s largest military spender, accounted for 39% of total military expenditure in 2020. Therefore, the surge in defense spending globally drove the market. The rise in developments and increasing use of artificial intelligence is a key trend gaining popularity in the missile defense system market. Artificial intelligence is computer intelligence or intelligence demonstrated by a machine to help perform simple tasks more efficiently or tasks that couldn’t be performed otherwise. Developments in artificial intelligence are the discovery of knowledge that helps in developing products using AI or machine learning. For instance, in 2021, Rafael Advanced Defense Systems, an Israel-based company launched a new sea breaker maritime and land-based long-range missile that mixes artificial intelligence and decision-making algorithms to create a fifth-generation weapon system. The sea breaker helps in providing exact strikes from the standoff place up to 300km. In July 2020, BAE Systems, a UK-based company acquired Collins Aerospace’s military global positioning system (GPS) business, for an undisclosed amount. This acquisition is expected to help in technology-based business and bring new discriminating capabilities to the U.S. Department of Defense. Collins Aerospace was founded in 2018 and is a US-based manufacturer of components related to military and defense and commercial aviation. Major players in the missile defense system market are BAE Systems, General Dynamics, Lockheed Martin, MBDA, Northrop Grumman, Raytheon Technologies, Rheinmetall, Boeing, Saab AB, Aerojet Rocketdyne, BrahMos Aerospace and Israel Aerospace Industries. North America was the largest region in the missile defense system market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the missile defense system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the missile defense system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The missile defense system market consists of sales of missile defense system components including satellite sensors, interceptors, and command and control. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global missile defense system market is segmented - 1) By Technology: Fire Control System, Weapon System, Countermeasure System, Command And Control System 2) By Domain: Ground, Air, Marine, Space 3) By Range: Short, Medium, Long 4) By Threat Type: Subsonic Missiles, Supersonic Missiles, Hypersonic Missiles

Missile seekers are small systems that are used in missiles to keep them on a fixed trajectory towards the target. Missile seekers locate a target and guide the missile towards it using radar technology as it picks up heat emissions and radar radio reflections from the target. The main types of missile seekers are cruise missiles, ballistic missiles, interceptor missiles, and conventional missiles. The term "cruise missiles" refers to a type of missile that travels at lower altitudes and remains in the earth’s atmosphere throughout its journey. Cruise missiles are used to deliver lethal payloads rapidly to the target while destroying it from a remote location. The technologies adopted are active radar, semi-active radar, passive radar, infrared, laser, and multi-mode that have launch modes such as surface-to-surface, surface-to-air, air-to-surface, and air-to-air. The missile seekers market research report is one of a series of new reports from The Business Research Company that provides missile seekers market statistics, including missile seekers industry global market size, regional shares, competitors with a missile seekers market share, detailed missile seekers market segments, market trends and opportunities, and any further data you may need to thrive in the missile seekers industry. This missile seekers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global missile seekers market size is expected to grow from $4.61 billion in 2022 to $4.96 billion in 2023, at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The missile seekers market size is expected to grow to $6.49 billion in 2027 at a CAGR of 7.0%. Growing demand for missile defense systems from around the world will drive the missile seekers market going forward. Amid the rising tensions around the world, countries are looking to secure their territories from aerial attack with missile defense systems. Missile defense systems make use of missile seekers to accurately hit the target and destroy the incoming missiles or aircraft. For instance, in December 2021, India signed a $5.4 billion deal to buy Russia’s S-400 missile defense systems. In May 2022, South Korea also approved a $605 million project to upgrade its PAC-2 missile defense system to a PAC-3 system from the USA. Furthermore, in April 2022, USA’s largest weapons maker Lockheed Martin’s chief executive Jim Taiclet said that they were having demand for THAAD and PAC-3 missile defense systems from all over the world. Therefore, the increasing demand for a missile defense system is propelling the missile seekers market forward. Technological advancements in the missile seekers market are a key trend gaining popularity. Major companies and defense organizations in the missile seekers market are coming up with new seeker technologies for improving the target accuracy of missiles. Such advancements enable key players to gain a competitive edge in the market. For instance, in July 2021, the India-based Defense Research and Development Organization (DRDO) successfully tested its new generation surface-to-air missile, Akash NG, which was fitted with Radio Frequency Seeker developed at DRDO’s facility in Hyderabad, India. The new missile can lock onto any enemy aircraft until it is destroyed. In December 2021, System High Corp., a US-based engineering, cyber security, security, and intelligence company, acquired Booz Allen Hamilton Corp.’s technical, engineering, advisory, and management support businesses for an undisclosed sum. The acquisition will help System High’s goal to improve and preserve national security. Booz Allen Hamilton Corp is a US-based engineering, R&D, and advisory company that worked by assisting the missile defense agency (MDA) and contracting work from the MDA. Major players in the missile seekers market are BAE Systems plc, Leonardo SpA, Raytheon Technologies Corporation, Northrop Grumman Corporation, The Boeing Company, Safran Group, Thales Group, Diehl Defence GmbH & Co KG, Kongsberg Defence & Aerospace, MBDA Missile Systems Inc., Rafael Advanced Defense Systems Limited, Adani Defence And Aerospace, Defence Research & Development Organisation, Koda Technologies Inc., and Vem Technologies Private Limited. North America was the largest region in the missile seekers market in 2022. The regions covered in the missile seekers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the missile seekers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The missile seekers market consists of sales of missile seekers that are used to guide the missile on the right path of the target. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global missile seekers market is segmented - 1) By Missile Type: Cruise Missile, Ballistic Missile, Interceptor Missile, Conventional 2) By Technology: Active Radar, Semi-active Radar, Passive Radar, Infrared, laser, multimode 3) By Launch Mode: Surface-to-Surface, Surface-to-Air, Air-to-Surface, Air-to-Air

Hypersonic missiles refer to missiles powered by high-speed, air-breathing engines, or scramjets. The hypersonic missiles travel five times faster than sound, which is roughly 1 mile per second, and can reach speeds of up to 7672 miles per hour or more. Hypersonic weapons reduce the time it takes to pursue a target, the time warnings are available to an enemy, and the time defense systems have to deal with an imminent threat. The main types of products in hypersonic missiles are hypersonic glide vehicles and hypersonic cruise missiles. The hypersonic glide vehicles are a type of hypersonic missile that utilizes a re-entry vehicle to breach the speed of sound which is enough to overcome existing missile defense systems. It is used in wire guidance, command guidance, terrain contour matching, terrestrial guidance, inertial guidance, beam rider guidance, laser guidance, and radiofrequency, and GPS reference and is implemented in various verticals such as military and civil. The hypersonic missiles market research report is one of a series of new reports from The Business Research Company that provides hypersonic missiles market statistics, including hypersonic missiles industry global market size, regional shares, competitors with a hypersonic missiles market share, detailed hypersonic missiles market segments, market trends and opportunities, and any further data you may need to thrive in the hypersonic missiles industry. This hypersonic missile market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global hypersonic missiles market size grew from $112.02 million in 2022 to $125.04 million in 2023, at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hypersonic missiles market size is expected to grow to $181.87 million in 2027 at a CAGR of 9.8%. The increase in initiatives and funding from the governments and defense forces is contributing to the growth of the hypersonic missiles market. Governments and defense sectors started funding the research on the hypersonic area to strengthen the forces. For instance, the Pentagon, the headquarters building of the United States Department of Defense, requested a $3.8 billion budget for hypersonic research for the fiscal year 2022. Furthermore, according to the Stockholm International Peace Research Institute report in 2021, global military spending increased to $2 trillion in 2020, a 2.6% increase over 2019. Therefore, the increase in initiatives and funding from governments and defense forces is expected to drive the growth of the hypersonic missiles market over the coming years. The development of new hypersonic cruise missiles is a key trend gaining popularity in the hypersonic missiles market. Major companies operating in the hypersonic missiles sector are focused on developing hypersonic missiles to strengthen their position. For example, Boeing, Lockheed Martin, and Raytheon announced plans in August 2020 to develop a new solid-rocket air-breathing hypersonic standard cruise missile for launch from current fighter-bomber aircraft. According to Air Force authorities, these businesses are the only reliable sources of hypersonic cruise missiles. Hypersonic weapons move at speeds ranging from Mach 5 to Mach 10 — or 3,840 to 7,680 miles per hour. In December 2020, Lockheed Martin, a US-based aerospace company, acquired Aerojet Rocketdyne for a deal amount of $4.4 billion. The acquisition is expected to enhance Lockheed Martin’s allied security missions, space, and hypersonic technology. Aerojet Rocketdyne is a US-based rocket and missile, propulsion manufacturer. Major players in the hypersonic missiles market are Lockheed Martin, Raytheon Technologies, Northrop Grumman, Boeing, Saab AB, Systima Technologies, Mitsubishi Heavy Industries Ltd., Tactical Missiles Corporation, China Aerospace Science and Industry Corporation, Thales Group, and Denel Dynamics. North America was the largest region in the hypersonic missiles market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hypersonic missiles report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hypersonic missiles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The hypersonic missiles market consists of sales of hypersonic missiles such as aero-ballistic missiles.  Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hypersonic missiles market is segmented - 1) By Product: Hypersonic Glide Vehicle, Hypersonic Crusie Missile 2) By Application: Wire Guidance, Command Guidance, Terrain Comparision Guidance, Terrestial Guidance, Inertial Guidance, Beam Rider Guidance, Laser Guidance, Radio Frequencey (RF) And GPS Reference 3) By End-Users: Military, Civil

The land-based defense equipment refers to support and auxiliary equipment used for land-based defense operations such as weapons. The land-based defense equipment includes components and subcomponents such as turrets and ROWS, cannons and missiles, armor packages, and active protection systems. The main types of land-based defense equipment are armored vehicles, missiles, tanks, small arms, and light weapons. An armored fighting vehicle (AFV) is an armored battle vehicle that combines operational flexibility with attacking and protective capabilities. The different operations include autonomous land-based defense equipment, which is manual and is used in various applications such as military and law enforcement. The land-based defense equipment market research report is one of a series of new reports from The Business Research Company that provides land-based defense equipment market statistics, including land-based defense equipment industry global market size, regional shares, competitors with a land-based defense equipment market share, detailed land-based defense equipment market segments, market trends and opportunities, and any further data you may need to thrive in the land-based defense equipment industry. This land-based defense equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global land based defense equipment mro services market grew from $13.79 billion in 2022 to $14.73 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The land based defense equipment mro services market is expected to grow to $17.65 billion in 2027 at a CAGR of 4.6%. The overall economic growth of the emerging economies is expected to positively impact the sea-based defense equipment manufacturing market. Rising disposable income, a result of economic growth in emerging markets, had a positive impact on the demand for defense equipment. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Stable economic growth is expected to increase investments in the nation's security, thereby driving the sea-based defense equipment manufacturing market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the land-based defense equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing was affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Defense equipment manufacturers depend on the supply of raw materials and parts from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the land-based defense equipment manufacturing market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. CornerShot rifles are increasingly being used in the defense industry. CornerShot weapons have a steel hinge that allows the gun’s frame to bend around the corner to attack the target without exposing themselves. These rifles help shooters navigate around corners via a high-resolution camera and LCD monitor. The corner-shot rifles are widely used inside armored vehicles and tanks, on a turret up top, which will allow for a full 360-degree field of cover while the triggerman remains safely inside the vehicle. The weapon is accurate and effective up to 100 to 200 meters, depending on the type of weapon. Corner Shot removes the need for this initial exposure. Major companies in the land-based defense equipment market include BAE Systems, Raytheon Co, Northrop Grumman Corp, General Dynamics Corp, and Lockheed Martin Corporation. Asia-Pacific was the largest region in the land-based defense equipment market in 2022. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the land-based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the land-based defense equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The land-based defense equipment market consists of sales of land-based defense equipment including battle vehicles, small weapons, radars, satellites, and sonars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global land based defense equipment market is segmented - 1) By Type: Armored Vehicles, Missiles, Tanks, Small Arms and Light Weapons 2) By Operation: Autonomous Land based Defense Equipment, Manual 3) By Application: Military, Law Enforcement Subsegments Covered: Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles, Short Range, Medium Range, Intermediate Range, Intercontinental, Light, Medium, Heavy, Small Arms, Light Weapons

Autonomous military weapons refer to automated military weapons that,  when activated, search, detect, evaluate the threat, track, and attack enemy targets based on sophisticated algorithms without further intervention by a human operator. It requires the integration of several core elements, like a mobile combat platform such as a drone aircraft, ship, or ground vehicle; various types of sensors to scrutinize the surroundings; processing systems to classify objects discovered by the sensors; and algorithms directing the platform to initiate an attack when an allowable target is detected. The main types of autonomous military weapons are autonomous and semi-autonomous. Autonomous weapons are weapons that choose and engage targets without the need for human involvement. The different products include missiles, rockets, guided bombs, target pods, and others and involve various platforms such as land, airborne, and naval. The autonomous military weapons market research report is one of a series of new reports from The Business Research Company that provides autonomous military weapons market statistics, including global market size, regional shares, competitors with an autonomous military weapons market share, detailed autonomous military weapons market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous military weapons industry. This autonomous military weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global autonomous military weapons market size will grow from $13.3 billion in 2022 to $14.68 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global autonomous military weapons market size is expected to grow to $21.81 billion in 2027 at a CAGR of 10.4%. The ability to perform dangerous tasks with precision has contributed to the growth of the autonomous military weapons market. Autonomy in weapons enables us to keep army personnel away from dangerous tasks or any imminent risk to human life. Besides this, increased reaction speed in decision making and eyes on the target will potentially increase accuracy. It has access to a larger amount of information, greater accuracy, and greater predictability for certain functions, freeing humans from dull or repetitive tasks and permitting access to environments that are inaccessible to remote control technologies. Major countries such as the USA, China, and Russia are significantly investing in artificial intelligence (AI) for weapons and are competing for superiority in this segment. For instance, Russia is investing $719 million until 2021 in AI research and development for weapons. The ability to hit the target without human involvement, along with minimizing risk to human life, increased the demand for the autonomous military weapons market. The risk posed by autonomous weapons compelled the researchers and designers to decide against manufacturing them, hampering the growth of the market. For instance, around 240 organizations involved in artificial intelligence and nearly 3,100 individuals vowed not to be involved in the development of autonomous weapon systems. The strong objection from around the world to manufacturing autonomous military weapons is a hindrance to the market's growth. IMI Systems, a state-owned weapons maker in Israel, was sold to Elbit for $522 million. IMI systems are the manufacturers of the Uzi sub-machine gun and the Galil assault rifle. It manufactures armored vehicles and also trains security agents. The deal will create a company with a heavy emphasis on research and development and whose product range will extend from IMI’s shoulder-launched missiles, precision-guided mortar munitions, and rocket-propulsion systems to Elbit’s portfolio of avionic systems, drones, and intelligence and cybertechnology. Elbit would also relocate the IMI facilities from central Israel to the southern Negev area. Major players in the autonomous military weapons market are Lockheed Martin, Boeing, Raytheon, AVIC, CASC, Rostec, Israel Aerospace Industries, Elbit Systems, Rafael, and STM. Asia-Pacific was the largest region in the autonomous military weapons market in 2022. Western Europe is expected to be the fastest-growing region in the global autonomous military weapons market during the forecast period. The regions covered in the global autonomous military weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the autonomous military weapons market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The autonomous military weapons market consists of sales of auto-operated weapons such as autonomous explosives, and missiles. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global autonomous military weapons market is segmented - 1) By Type: Autonomous, Semi-autonomous 2) By Product: Missiles, Rockets, Guided Bombs, Target Pods, Others 3) By Platform: Land, Airborne, Naval