Global Market Size, Forecast, and Trend Highlights Over 2025-2037
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. In the year 2025, the industry size of missile is assessed at USD 62.99 billion.
The key factors driving the growth of the market including the spending of emerging economies into defense sector and surge in the investments for the procurement of missile. Further, increasing border threats and improvement in the national security concerns is enhancing the defense forces globally. Missile play an important role in any war owing to their range offering. On the account of this, the demand for technologically enhanced missile is propelling the market growth. Moreover, in order to protect the country during war situations, defense forces are having high demand for latest missile to secure their armed forces. Hence, these factors are estimated to drive the growth of the market.
