Nov 22, 2022   SOURCE: BusinessWire

Insights on the Rocket and Missiles Global Market to 2031 - by Speed, Product, Guidance, Platform and Region - ResearchAndMarkets.com

The "Rocket and Missiles Market By Speed, By Product, By Guidance, By Platform: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.

According to the report the rocket and missiles market was valued at $54.8 billion in 2021, and is estimated to reach $82.0 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.

Rockets and missiles are heavy weapon systems meant to destroy the missiles or rockets of any adversary or terrorist group, including planes, tanks, artilleries, ships, helicopters, armored vehicles, and any other adversary. In addition, rockets and missiles are designed to deliver an explosive warhead with great accuracy at high speed.

For the purpose of analysis, the rocket and missile market scope covers segmentation based on speed, product, guidance mechanism, platform, and region. The report provides information about different rocket and missiles depending on their speed, which include subsonic, supersonic, and hypersonic. Various product covered in the study include cruise missiles, ballistic missiles, rockets, and torpedoes.

In addition, the study emphasizes on different guidance mechanisms, including guided and unguided. Furthermore, ground, airborne, and naval are the key platforms covered in the study. Moreover, it analyzes the current market trends of rockets and missiles across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

Key Benefits

  • This study presents analytical depiction of the global rockets and missiles market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall rockets and missiles market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the global rockets and missiles market with a detailed impact analysis.
  • The current rockets and missiles market is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
  • Porter's five forces analysis illustrates the potency of buyers and suppliers in the industry.

Key Market Segments

By Speed

  • Subsonic
  • Supersonic
  • Hypersonic

By Product

  • Cruise Missiles
  • Ballistic Missiles
  • Rockets
  • Torpedoes

By Guidance

  • Guided
  • Unguided

ByPlatform

  • Naval
  • Ground
  • Airborne

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Russia
  • U.K.
  • Germany
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • BAE Systems plc
  • Elbit Systems Ltd
  • Israel Aerospace Industries Ltd
  • Kongsberg Gruppen
  • LIG Nex1
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • Saab AB
  • Thales Group
  • The Boeing Company

For more information about this report visit https://www.researchandmarkets.com/r/mjhht2