Missiles and Rocket Market - Forecast(2024 - 2030)

The missiles and rockets segment includes technologies for self-propelled guided weapons systems. The constant upgrade in the missiles and rockets technology is witnessing heavy investments from every country. Thus it can be said that the missile and rockets industry is experiencing high growth. Stealth mode is the key attribute while designing and developing missiles and rockets. Thus the smokeless missiles are gaining traction over other missiles because of the fact that it is very difficult to identify the launch location for smokeless missiles.

 

The global missile and rockets is driven by the factors such as national security, territorial integrity and sovereign state. National security is a concept that a government, along with its parliament(s), should protect the state and its citizens against all kind of "national" crises through a variety of power projections, such as political power, diplomacy, economic power, military might, and so on. Whereas Territorial integrity is the principle under international law that nation-states should not attempt to promote secessionist movements or to promote border changes in other nation-states. Conversely it states that imposition by force of a border change is an act of aggression.

Countries are constantly focused on upgrading their missile and rockets. The technology integrated in the conventional missile and rockets can now be easily dealt with advanced detection technologies. Thus countries needs to constantly focus on upgrading their technology, so that it will be difficult to identify in warfare. Thus missile and rockets is witnessing huge year on year investment to be ahead of the race.

High cost is one of the major challenge in procuring advanced missile and rockets technology. 

The report comprises of companies operating in the global missile and rockets market such as Lockheed Martin Corporation, MBDA, Rafael Advanced Defense System, Thales Group, Saab, Raytheon and others. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The missiles and rockets market is divided based on the launch and technology capabilities and it has been segmented as follows:

A missile or rocket designed to rapidly deliver an explosive warhead or homing torpedo, from the launch platform to the vicinity of a submarine; standoff weapon. Countries are focused on building vertical launch anti-submarine warfare system because it provides surface combatants in all-weather and provide 360-degree quick-reaction.

The quantitative and qualitative data collected for the missiles and rockets report is from a combination of secondary and primary sources. Research interviews were conducted with senior executives and/or mangers in the missile and rockets Industry. These Key Opinion Leaders (KOLs) were then provided a questionnaire to gather quantitative and qualitative inputs on their operations, performance, strategies and views on the overall market, including key developments and technology trends. Data from interviews is consolidated, checked for consistency and accuracy, and the final market numbers are again validated by experts. The global market was split by product types and geography based on different factors like primary and secondary sources, understanding of the number of companies operating in each segment and also KOL insights.

To understand the trend in research and development of missile and rockets segments, and their priorities, IndustryARC undertook exploratory patent analysis to lay an initial foundation for future research on development and use of missiles and rockets. The exploratory analysis focused on identifying development related to technology of ships based systems, with an emphasis on certain technology parameters which intended to understand the roles that various countries sees for naval systems. In addition analyzing trends in development of ships system and exploring how countries could deploy these systems; and identifying areas for further research and potential future developments. IndustryARC has analyzed patents in several different parameters in navy ships segment technologies. The patent analysis has also helped us to deduce and map the futuristic technologies in most efficient way. The technology roadmap is developed using bottom-up approach. The technology roadmap is categorized in three parts i.e. short term (less than 10 years), medium term (from 10 to 20 years) and long term from (more than 20 years). 

Key Secondary resources include Department of Defense websites from various countries and private companies’ website covered in this report.