Missile Segmentation
On the basis of product type, the missile market is segmented into cruise missile and ballistic missile, out of which, ballistic missile are estimated to grow at fastest rate owing to the rising internal and external security threats across the world. Additionally, in order to strengthen the destructive powers, accuracy and capabilities of ballistic missile, investments in research & development are increased significantly, which in turn, is accelerating the market growth. Further, initiatives taken by armed forces regarding modernization and development of nuclear ballistic missile are anticipated to create huge demand for ballistic missile.
Our in-depth analysis of the global market includes the following segments
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By Launch Mode |
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By Range
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By Propulsion Type
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By End Users
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of missile is assessed at USD 62.99 billion.
Missile Market size was valued at USD 59.36 billion in 2024 and is expected to reach USD 146.56 billion by 2037, expanding at around 7.2% CAGR during the forecast period i.e., between 2025-2037.
North America industry is estimated to account for largest revenue share by 2037, attributed to long term programs for defense systems, continuous demand from US military along with increased investments in technologically advanced missile systems.
The major players in the market are Lockheed Martin Corporation, Raytheon Technologies, Northrop Grumman Corporation, Boeing, Tactical Missiles Corporation, Aerojet Rocketdyne, Rafael Advanced Defense Systems Ltd, Avibras Industria Aeroespacial SA, Israel Aerospace Industries Limited, and others.
