Product Code: PM2374
The global rockets and missiles market size is expected to reach USD 109.91 billion by 2034, according to a new study by Polaris Market Research. The report "Rockets and Missiles Market Size, Share, Trends, Industry Analysis Report: By Speed (Subsonic, Supersonic, and Hypersonic), By Product, By Propulsion Type, By Launch Mode, and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rockets and missiles market encompasses a broad range of guided and unguided weapons systems designed for precision strike, deterrence, and strategic defense applications across land, air, sea, and space domains. This market is undergoing rapid transformation driven by technological innovation, evolving military doctrines, and rising geopolitical volatility.
Key drivers contributing to the rockets and missiles industry expansion include increased investments in advanced propulsion systems, miniaturized guidance technologies, and hypersonic weapons development. The growing emphasis on force modernization and layered defense strategies across the global defense sector is intensifying demand for rockets and missiles, particularly for long-range precision strike capabilities and integrated missile defense systems.
The rising adoption of next-generation missile systems, such as loitering munitions and multi-role tactical missiles, underscores the shift toward agile, responsive combat systems. Emerging rockets and missiles market opportunities are linked to strategic defense collaborations, technology transfers, and increasing R&D activities focused on reusable launch vehicles, thermal shielding, and advanced warhead designs. Additionally, the privatization of space-access infrastructure and the convergence of commercial aerospace capabilities into defense supply chains are unlocking new frontiers for the rockets and missiles industry growth. Overall, the market is becoming more dynamic, innovation-led, and globally integrated, shaped by the dual imperatives of strategic deterrence and rapid capability deployment across both conventional and asymmetric warfare scenarios.
Rockets and Missiles Market Report Highlights
In terms of speed, in 2024, the subsonic segment accounted for the largest share of the rockets and missiles market due to its established integration across multiple defense platforms.
Based on launch mode, in 2024, the surface to surface segment accounted for more than 50% of the market share due to its central role in strategic deterrence and large-scale land-based operations.
In 2024, North America held the largest market share due to sustained defense expenditure, continuous R&D investments, and active deployment of advanced missile systems across multiple domains.
The Asia Pacific market is projected to experience the highest CAGR during the forecast period, driven by strategic rearrangement, rising defense budgets, and escalating cross-border tensions.
A few of the global key market players are BAE Systems, Bharat Dynamics Limited, Boeing, Denel Dynamics, L3Harris Technologies, Lockheed Martin, MBDA, Northrop Grumman Corporation, RTX, and Thales Group.
Polaris Market Research has segmented the market report based on type, component, deployment type, organization size, end use, and region:
By Speed Outlook (Revenue - USD Billion, 2020-2034)
Subsonic
Supersonic
Hypersonic
By Product Outlook (Revenue - USD Billion, 2020-2034)
Cruise Missiles
Ballistic
Rockets
Torpedoes
By Propulsion Type Outlook (Revenue - USD Billion, 2020-2034)
Solid
Hybrid
Turbojet
Others
By Launch Mode Outlook (Revenue - USD Billion, 2020-2034)
Surface to Surface
Surface to Air
Air to Air
Air to Surface
Subsea to Surface
By Regional Outlook (Revenue - USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Table of Contents
Chapter 1. Introduction
- 1.1 Report Description
- 1.1.1 Objective of the Study
- 1.1.2 Market Scope
- 1.1.3 Assumptions
- 1.2 Stakeholders
Chapter 2. Research Methodology
- 2.1 Research Methodology
- 2.2 Research Scope and Assumptions
- 2.3 Information Procurement
- 2.3.1 Purchased Database
- 2.3.2 Internal Database
- 2.3.3 Secondary Sources
- 2.3.4 Third Party Perspective
- 2.3.5 Primary Research
- 2.4 Information Analysis
- 2.4.1 Data Analysis Models
- 2.5 Market Formulation and Data Visualization
- 2.6 Data Validation and Publishing (Secondary Sources)
Chapter 3. Executive Summary
Chapter 4. Market Insights
- 4.1 Rockets and Missiles - Industry snapshot
- 4.2 Rockets and Missiles Market - Value Chain Analysis
- 4.2.1 Rockets and Missiles Market Dynamics
- 4.2.2 Drivers and Opportunities
- 4.2.2.1 Increasing military expenditure in developing nations:
- 4.2.2.2 Rising cross-border disputes and territorial conflicts is driving the growth for rockets and missiles market
- 4.2.3 Restraints and Challenges
- 4.2.3.1 Stringent Regulations
- 4.3 Rockets and Missiles Market - Porter's Five Forces
- 4.3.1 Threat of Substitutes: (Moderate to High)
- 4.3.2 Threat of New Entrants: (Moderate)
- 4.3.3 Bargaining power of buyers: (Moderate to High)
- 4.3.4 Bargaining power of suppliers: (High)
- 4.3.5 Competitive Rivalry: (High)
- 4.4 Rockets and Missiles Market - PESTLE Analysis
- 4.5 Covid-19 Impact Analysis & Industry Trends
Chapter 5. Rockets and Missiles Market Assessment by Speed
- 5.1 Introduction
- 5.2 Subsonic
- 5.3 Supersonic
- 5.4 Hypersonic
Chapter 6. Rockets and Missiles Market Assessment by Product
- 6.1 Introduction
- 6.2 Cruise Missiles
- 6.3 Ballistic
Chapter 7. Rockets and Missiles Market Assessment by Propulsion Type
- 7.1 Introduction
- 7.2 Solid
- 7.3 Hybrid
- 7.4 Turbojet
- 7.5 Others
Chapter 8. Rockets and Missiles Market Assessment by Launch Mode
- 8.1 Introduction
- 8.2 Surface to Surface
- 8.3 Surface to Air
- 8.4 Air to Air
- 8.5 Air to Surface
Chapter 9. Rockets and Missiles Market Assessment by Region
- 9.1 Introduction
- 9.2 Rockets and Missiles Market - North America
- 9.2.1 North America Rockets and Missiles, By Speed
- 9.2.2 North America Rockets and Missiles, By Product
- 9.2.3 North America Rockets and Missiles, By Propulsion Type
- 9.2.4 North America Rockets and Missiles, By Launch Mode
- 9.2.5 Rockets and Missiles Market - U.S.
- 9.2.5.1 U.S. Rockets and Missiles, By Speed
- 9.2.5.2 U.S. Rockets and Missiles, By Product
- 9.2.5.3 U.S. Rockets and Missiles, By Propulsion Type
- 9.2.5.4 U.S. Rockets and Missiles, By Launch Mode
- 9.2.6 Rockets and Missiles Market - Canada
- 9.2.6.1 Canada Rockets and Missiles, By Speed
- 9.2.6.2 Canada Rockets and Missiles, By Product
- 9.2.6.3 Canada Rockets and Missiles, By Propulsion Type
- 9.2.6.4 Canada Rockets and Missiles, By Launch Mode
- 9.3 Rockets and Missiles Market - Europe
- 9.3.1 Europe Rockets and Missiles, By Speed
- 9.3.2 Europe Rockets and Missiles, By Product
- 9.3.3 Europe Rockets and Missiles, By Propulsion Type
- 9.3.4 Europe Rockets and Missiles, By Launch Mode
- 9.3.5 Rockets and Missiles Market - UK
- 9.3.5.1 UK Rockets and Missiles, By Speed
- 9.3.5.2 UK Rockets and Missiles, By Product
- 9.3.5.3 UK Rockets and Missiles, By Propulsion Type
- 9.3.5.4 UK Rockets and Missiles, By Launch Mode
- 9.3.6 Rockets and Missiles Market - France
- 9.3.6.1 France Rockets and Missiles, By Speed
- 9.3.6.2 France Rockets and Missiles, By Product
- 9.3.6.3 France Rockets and Missiles, By Propulsion Type
- 9.3.6.4 France Rockets and Missiles, By Launch Mode
- 9.3.7 Rockets and Missiles Market - Germany
- 9.3.7.1 Germany Rockets and Missiles, By Speed
- 9.3.7.2 Germany Rockets and Missiles, By Product
- 9.3.7.3 Germany Rockets and Missiles, By Propulsion Type
- 9.3.7.4 Germany Rockets and Missiles, By Launch Mode
- 9.3.8 Rockets and Missiles Market - Italy
- 9.3.8.1 Italy Rockets and Missiles, By Speed
- 9.3.8.2 Italy Rockets and Missiles, By Product
- 9.3.8.3 Italy Rockets and Missiles, By Propulsion Type
- 9.3.8.4 Italy Rockets and Missiles, By Launch Mode
- 9.3.9 Rockets and Missiles Market - Spain
- 9.3.9.1 Spain Rockets and Missiles, By Speed
- 9.3.9.2 Spain Rockets and Missiles, By Product
- 9.3.9.3 Spain Rockets and Missiles, By Propulsion Type
- 9.3.9.4 Spain Rockets and Missiles, By Launch Mode
- 9.3.10 Rockets and Missiles Market - Netherlands
- 9.3.10.1 Netherlands Rockets and Missiles, By Speed
- 9.3.10.2 Netherlands Rockets and Missiles, By Product
- 9.3.10.3 Netherlands Rockets and Missiles, By Propulsion Type
- 9.3.10.4 Netherlands Rockets and Missiles, By Launch Mode
- 9.3.11 Rockets and Missiles Market - Russia
- 9.3.11.1 Russia Rockets and Missiles, By Speed
- 9.3.11.2 Russia Rockets and Missiles, By Product
- 9.3.11.3 Russia Rockets and Missiles, By Propulsion Type
- 9.3.11.4 Russia Rockets and Missiles, By Launch Mode
- 9.3.12 Rockets and Missiles Market - Turkey
- 9.3.12.1 Turkey Rockets and Missiles, By Speed
- 9.3.12.2 Turkey Rockets and Missiles, By Product
- 9.3.12.3 Turkey Rockets and Missiles, By Propulsion Type
- 9.3.12.4 Turkey Rockets and Missiles, By Launch Mode
- 9.3.13 Rockets and Missiles Market - Rest of Europe
- 9.3.13.1 Rest of Europe Rockets and Missiles, By Speed
- 9.3.13.2 Rest of Europe Rockets and Missiles, By Product
- 9.3.13.3 Rest of Europe Rockets and Missiles, By Propulsion Type
- 9.3.13.4 Rest of Europe Rockets and Missiles, By Launch Mode
- 9.4 Rockets and Missiles Market - Asia Pacific
- 9.4.1 Asia Pacific Rockets and Missiles, By Speed
- 9.4.2 Asia Pacific Rockets and Missiles, By Product
- 9.4.3 Asia Pacific Rockets and Missiles, By Propulsion Type
- 9.4.4 Asia Pacific Rockets and Missiles, By Launch Mode
- 9.4.5 Rockets and Missiles Market - China
- 9.4.5.1 China Rockets and Missiles, By Speed
- 9.4.5.2 China Rockets and Missiles, By Product
- 9.4.5.3 China Rockets and Missiles, By Propulsion Type
- 9.4.5.4 China Rockets and Missiles, By Launch Mode
- 9.4.6 Rockets and Missiles Market - India
- 9.4.6.1 India Rockets and Missiles, By Speed
- 9.4.6.2 India Rockets and Missiles, By Product
- 9.4.6.3 India Rockets and Missiles, By Propulsion Type
- 9.4.6.4 India Rockets and Missiles, By Launch Mode
- 9.4.7 Rockets and Missiles Market - Malaysia
- 9.4.7.1 Malaysia Rockets and Missiles, By Speed
- 9.4.7.2 Malaysia Rockets and Missiles, By Product
- 9.4.7.3 Malaysia Rockets and Missiles, By Propulsion Type
- 9.4.7.4 Malaysia Rockets and Missiles, By Launch Mode
- 9.4.8 Rockets and Missiles Market - Japan
- 9.4.8.1 Japan Rockets and Missiles, By Speed
- 9.4.8.2 Japan Rockets and Missiles, By Product
- 9.4.8.3 Japan Rockets and Missiles, By Propulsion Type
- 9.4.8.4 Japan Rockets and Missiles, By Launch Mode
- 9.4.9 Rockets and Missiles Market - Indonesia
- 9.4.9.1 Indonesia Rockets and Missiles, By Speed
- 9.4.9.2 Indonesia Rockets and Missiles, By Product
- 9.4.9.3 Indonesia Rockets and Missiles, By Propulsion Type
- 9.4.9.4 Indonesia Rockets and Missiles, By Launch Mode
- 9.4.10 Rockets and Missiles Market - South Korea
- 9.4.10.1 South Korea Rockets and Missiles, By Speed
- 9.4.10.2 South Korea Rockets and Missiles, By Product
- 9.4.10.3 South Korea Rockets and Missiles, By Propulsion Type
- 9.4.10.4 South Korea Rockets and Missiles, By Launch Mode
- 9.4.11 Rockets and Missiles Market - Australia
- 9.4.11.1 Australia Rockets and Missiles, By Speed
- 9.4.11.2 Australia Rockets and Missiles, By Product
- 9.4.11.3 Australia Rockets and Missiles, By Propulsion Type
- 9.4.11.4 Australia Rockets and Missiles, By Launch Mode
- 9.4.12 Rockets and Missiles Market - Rest of APAC
- 9.4.12.1 Rest of APAC Rockets and Missiles, By Speed
- 9.4.12.2 Rest of APAC Rockets and Missiles, By Product
- 9.4.12.3 Rest of APAC Rockets and Missiles, By Propulsion Type
- 9.4.12.4 Rest of APAC Rockets and Missiles, By Launch Mode
- 9.5 Rockets and Missiles Market - Latin America
- 9.5.1 Latin America Rockets and Missiles, By Speed
- 9.5.2 Latin America Rockets and Missiles, By Product
- 9.5.3 Latin America Rockets and Missiles, By Propulsion Type
- 9.5.4 Latin America Rockets and Missiles, By Launch Mode
- 9.5.5 Rockets and Missiles Market - Mexico
- 9.5.5.1 Mexico Rockets and Missiles, By Speed
- 9.5.5.2 Mexico Rockets and Missiles, By Product
- 9.5.5.3 Mexico Rockets and Missiles, By Propulsion Type
- 9.5.5.4 Mexico Rockets and Missiles, By Launch Mode
- 9.5.6 Rockets and Missiles Market - Brazil
- 9.5.6.1 Brazil Rockets and Missiles, By Speed
- 9.5.6.2 Brazil Rockets and Missiles, By Product
- 9.5.6.3 Brazil Rockets and Missiles, By Propulsion Type
- 9.5.6.4 Brazil Rockets and Missiles, By Launch Mode
- 9.5.7 Rockets and Missiles Market - Argentina
- 9.5.7.1 Argentina Rockets and Missiles, By Speed
- 9.5.7.2 Argentina Rockets and Missiles, By Product
- 9.5.7.3 Argentina Rockets and Missiles, By Propulsion Type
- 9.5.7.4 Argentina Rockets and Missiles, By Launch Mode
- 9.5.8 Rockets and Missiles Market - Rest of Latin America
- 9.5.8.1 Rest of Latin America Rockets and Missiles, By Speed
- 9.5.8.2 Rest of Latin America Rockets and Missiles, By Product
- 9.5.8.3 Rest of Latin America Rockets and Missiles, By Propulsion Type
- 9.5.8.4 Rest of Latin America Rockets and Missiles, By Launch Mode
- 9.6 Rockets and Missiles Market - Middle East & Africa
- 9.6.1 Middle East & Africa Rockets and Missiles, By Speed
- 9.6.2 Middle East & Africa Rockets and Missiles, By Product
- 9.6.3 Middle East & Africa Rockets and Missiles, By Propulsion Type
- 9.6.4 Middle East & Africa Rockets and Missiles, By Launch Mode
- 9.6.5 Rockets and Missiles Market - Saudi Arabia
- 9.6.5.1 Saudi Arabia Rockets and Missiles, By Speed
- 9.6.5.2 Saudi Arabia Rockets and Missiles, By Product
- 9.6.5.3 Saudi Arabia Rockets and Missiles, By Propulsion Type
- 9.6.5.4 Saudi Arabia Rockets and Missiles, By Launch Mode
- 9.6.6 Rockets and Missiles Market - UAE
- 9.6.6.1 UAE Rockets and Missiles, By Speed
- 9.6.6.2 UAE Rockets and Missiles, By Product
- 9.6.6.3 UAE Rockets and Missiles, By Propulsion Type
- 9.6.6.4 UAE Rockets and Missiles, By Launch Mode
- 9.6.7 Rockets and Missiles Market - Israel
- 9.6.7.1 Israel Rockets and Missiles, By Speed
- 9.6.7.2 Israel Rockets and Missiles, By Product
- 9.6.7.3 Israel Rockets and Missiles, By Propulsion Type
- 9.6.7.4 Israel Rockets and Missiles, By Launch Mode
- 9.6.8 Rockets and Missiles Market - Qatar
- 9.6.8.1 Qatar Rockets and Missiles, By Speed
- 9.6.8.2 Qatar Rockets and Missiles, By Product
- 9.6.8.3 Qatar Rockets and Missiles, By Propulsion Type
- 9.6.8.4 Qatar Rockets and Missiles, By Launch Mode
- 9.6.9 Rockets and Missiles Market - Algeria
- 9.6.9.1 Algeria Rockets and Missiles, By Speed
- 9.6.9.2 Algeria Rockets and Missiles, By Product
- 9.6.9.3 Algeria Rockets and Missiles, By Propulsion Type
- 9.6.9.4 Algeria Rockets and Missiles, By Launch Mode
- 9.6.10 Rockets and Missiles Market - Egypt
- 9.6.10.1 Egypt Rockets and Missiles, By Speed
- 9.6.10.2 Egypt Rockets and Missiles, By Product
- 9.6.10.3 Egypt Rockets and Missiles, By Propulsion Type
- 9.6.10.4 Egypt Rockets and Missiles, By Launch Mode
- 9.6.11 Rockets and Missiles Market - Libya
- 9.6.11.1 Libya Rockets and Missiles, By Speed
- 9.6.11.2 Libya Rockets and Missiles, By Product
- 9.6.11.3 Libya Rockets and Missiles, By Propulsion Type
- 9.6.11.4 Libya Rockets and Missiles, By Launch Mode
- 9.6.12 Rockets and Missiles Market - Rest of Middle East & Africa
- 9.6.12.1 Rest of MENA Rockets and Missiles, By Speed
- 9.6.12.2 Rest of MENA Rockets and Missiles, By Product
- 9.6.12.3 Rest of MENA Rockets and Missiles, By Propulsion Type
- 9.6.12.4 Rest of MENA Rockets and Missiles, By Launch Mode
Chapter 10. Competitive Landscape
- 10.1 Key Market Players: Categorization
- 10.2 Strategy Framework
- 10.3 Vendor Landscape
- 10.4 Strategies Categorization
- 10.4.1 Product Launch/Upgradation
- 10.4.2 Partnership/Collaboration
- 10.4.3 Agreement/Acquisition
Chapter 11. Company Profiles
- 11.1 Lockheed Martin
- 11.1.1 Business Overview
- 11.1.2 Financial Snapshot
- 11.1.2.1 Net Sales by Business Segments
- 11.1.2.2 Net Sales by Region
- 11.1.3 Products and Services
- 11.1.4 Recent Developments
- 11.2 L3Harris Technologies
- 11.2.1 Business Overview
- 11.2.2 Financial Snapshot
- 11.2.2.1 Revenue by Business Segments
- 11.2.3 Products and Services
- 11.2.4 Recent Developments
- 11.3 RTX
- 11.3.1 Business Overview
- 11.3.2 Financial Snapshot
- 11.3.2.1 Net Sales by Business Segments
- 11.3.2.2 Net Sales by Region
- 11.3.3 Products and Services
- 11.3.4 Recent Developments
- 11.4 Northrop Grumman Corporation
- 11.4.1 Business Overview
- 11.4.2 Financial Snapshot
- 11.4.2.1 Sales by Business Segments
- 11.4.2.2 Sales by Region
- 11.4.3 Products and Services
- 11.4.4 Recent Developments
- 11.5 BAE Systems
- 11.5.1 Business Overview
- 11.5.2 Financial Snapshot
- 11.5.2.1 Revenue by Market Segment
- 11.5.2.2 Revenue by Region
- 11.5.3 Products Benchmarking
- 11.6 Boeing
- 11.6.1 Business Overview
- 11.6.2 Financial Snapshot
- 11.6.2.1 Revenue by Market Segment
- 11.6.2.2 Revenue by Region
- 11.6.3 Products and Services
- 11.7 Bharat Dynamics Limited
- 11.7.1 Business Overview
- 11.7.2 Financial Snapshot
- 11.7.3 Products and Services
- 11.7.4 Recent Developments
- 11.8 Thales Group
- 11.8.1 Business Overview
- 11.8.2 Financial Snapshot
- 11.8.2.1 Sales by Market Segment
- 11.8.2.2 Sales by Region
- 11.8.3 Products Benchmarking
- 11.8.4 Recent Developments
- 11.9 MBDA
- 11.9.1 Business Overview
- 11.9.2 Financial Snapshot
- 11.9.3 Products and Services
- 11.9.4 Recent Developments
- 11.10 Denel Dynamics
- 11.10.1 Business Overview
- 11.10.2 Financial Snapshot
- 11.10.3 Products and Services