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Rocket and Missile Market

Rocket and Missile Market Size by Type (Missiles, & Rockets), Propulsion Type (Ramjet, Turbojet, Scramjet, Liquid Propulsion, Solid Propulsion, & Hybrid Propulsion), Platform, Launch Mode, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12766
  • Published Date: May, 2022
  • Pages: 234
  • Category: Aerospace & Defence
  • Format: PDF
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The global rocket and missile market are expected to reach USD 92.75 billion by 2030, at a CAGR of 4.61% from 2022 to 2030. Rocket and missile market growth would be driven by the rising number of cross-border conflicts, which has heightened the concerns about national security across the globe. The national security concerns have led to increased military and defense expenditure mainly targeted towards developing high-end rockets and missiles to target adversaries in case of aggression. The increased spending on research and development of new advanced technologies with enhanced performance, speed, accuracy, and ability to intercept targets without being detected by defense systems will also contribute to the growth of the global rocket and missile market. The Russian invasion of Ukraine has highlighted the need to have robust national defense apparatus in place equipped with the latest technologies to protect one's country and defend its sovereignty. The security crisis in Europe has created a need to advance the military, army, artillery, tanks, ships, and aircraft, which will aid in developing the rocket and missile market.

Market Overview:

An aircraft, vehicle, projectile, and spacecraft that utilizes a rocket engine's propulsion to gain speed is termed a rocket. Rockets use liquid or solid propulsion systems that provide the thrust required for a flight. Rockets vary in size, from a size that fits  in one’s backyard to a rocket that goes into space. Rockets are utilized in fireworks, as launch vehicles, and as a commute for human spaceflight. They usually work more efficiently in space rather in the earth's atmosphere. The simplicity, low cost, safety, and thrust throttling make rockets ideal for applications in launch vehicle propulsion, sounding rockets, and space explorations. Missiles are a niche segment for the rocket category, built especially to use in combat to deliver warheads and explosives. Missiles are highly sophisticated weaponry of striking targets with the highest precision and effectiveness. Missiles can be bifurcated into guided and unguided missiles. Their speeds can reach up to 5 times the speed of sound. With new technological developments, missiles now can target sites based on another continent with precision. They are difficult to intercept, and recent advancements make it challenging for old surveillance systems to intercept and destroy them. Missiles are categorized into ballistic and cruise missiles. Ballistic missiles follow a projectile and are powered only at the beginning of the flight, unlike cruise missiles. Missiles are unmanned, reducing the collateral damage, and accompanied by low maintenance, logistical, and training costs compared to manned weaponry.

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Market Dynamics:

Drivers:
  • Increasing territorial conflicts

The contemporary wars, and post-colonization have left many nations with concrete border lines. Strategic borders are constantly contested bilateral/multilateral issues among countries. For example, the Indo-Sino border is not defined on the northern frontier of India. It is left to be dealt with in the future by the post-independence governments. The Israel Palestine conflict is growing in intensity with each passing year to the atrocities carried out by both sides. Armenia-Azerbaijan fought a brief war on the contested land of Nagorno-Karabakh. Russia annexed Crimea in 2014 and launched a full-scale invasion of Ukraine in 2022. Turkey is contesting a part of the Mediterranean Sea with Greece and Cyprus. China is contesting all South China sea islands with ASEAN nations. The increased conflicts tend to blow out into a full-fledged war in case of misadventures, aggression, blatant disregard for border peace agreements, heightened emotions, and poor diplomacy, as the Russia-Ukraine has depicted. Each nation needs a strong military and defense standing to safeguard national interests; countries worldwide are increasing their defense budget to achieve national security. The increase in the defense budget is primarily focused on developing rockets and cruise missiles that effectively deliver national security, contributing to the growth of the market.

Restraints:
  • High capital expenditure

Rocket and missile market growth would be hampered by the extensive capital expenditure required for development and production. Rockets and missiles are sophisticated weaponry developed to achieve defined objectives. Manufacturing the components of these systems and their assemblage requires skilled engineers and other experts. Furthermore, each defense weaponry must undergo various trials before being officially inducted into the army's arsenal. All these factors increase the production costs of the rockets and missiles exponentially and restrict the market's growth.

Opportunities:
  • Increased funding for research and development of better and advanced rockets and missiles

With increased defense expenditure globally, the research and development of high-end rockets and missile systems will gain traction. Governments are granting contracts to private defense manufacturers with the most advanced weaponry and defense systems to bolster their national security apparatus. To win such grants, private manufacturers invest heavily in developing better systems. Growing collaborations between countries and private players to manufacture anti-defense and naval and air defense systems will provide lucrative opportunities for the global rocket and missile markets. The effectiveness of unmanned guided missiles with long ranges contributes to the growing popularity of developing indigenous missile systems with surprise elements to gain leverage in close-quarter combats.

Challenges:
  • Integration with the conventional launch and communications systems

The newly developed advanced and high-end rocket and missile systems have to be integrated into the conventional army defenses for its operation. They need to be compatible with the existing sensors, killing machines, command control, communications systems, and battle management control to deliver their objectives effectively. Such processes are complex and must be performed with the utmost care by experts. The risks increase when nuclear-capable warheads are integrated, proving to be a challenge for the said market.

Segmentation Analysis:

The global rocket and missile market has been segmented based on type, propulsion type, platform, launch mode, and regions.

  • The type segment is divided into missiles & rockets. The missiles segment dominated the market, with a market share of around 62% in 2021. With increasing conflicts and a growing polarized world, nations are focusing on developing advanced precision-guided missiles to protect their national assets and infrastructure. The need to build interceptor missiles for enemy targets and the destruction of enemy missiles contributes to the growth of this segment in the rockets and missiles market. The development of missiles with advanced high-tech of navigation, ensured interception and destruction with increased attack range and payload capacity will ensure that missiles remain the largest segment in the type category of this market. Paramount importance of national security and increased defense expenditure are primary factors in the development of missiles.
  • The propulsion type segment is divided into ramjet, turbojet, scramjet, liquid propulsion, solid propulsion, & hybrid propulsion. Over the forecast period, the solid propulsion segment is expected to grow at the fastest CAGR of 5.57%. The simplicity and safety of a solid propulsion system owed to its homogeneous mixture will contribute to its growing popularity. The homogenous nature of the mixture makes solid propulsion-based rockets and missiles easy to handle. Solid propellants are easy to store and can be compressed into compact sizes. All these factors will aid in the growth of the solid propulsion segment.
  • The platform segment is divided into ground, airborne, & naval. In 2021, the ground segment dominated the market, accounting for around 45% of global revenue. The growing production of land-attack cruise missiles with increased range, robust propulsion systems, and precision strike capabilities contributes to the largest market share of the ground platform.
  • The launch mode segment is divided into surface-to-surface, air-to-air, surface-to-air, air-to-surface, and subsea-to-surface. The surface-to-surface missiles segment dominated the market, with a market share of around 42% in 2021. Surface to surface missiles can intercept enemy missiles launched from sea, land, and air. They are compatible with conventional military systems and are available in various ranges, payload capacities, and customized objectives. They aid a nation in gaining strategic deterrence and allow leverage in close-quarter combats. The changing nature of modern warfare has made surface-surface missiles a necessity in the defense arsenal of every nation, thereby contributing to the dominance of this segment in the market. 
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North American region emerged as the largest market for the global rocket and missile market, with a 39.81% share of the market revenue in 2021.

  • North America currently dominates the rocket and missile market due to the massive capital spending undertaken by the United States federal government. The defense and strategic alliances with other countries have led to defense collaborations resulting in the developing of the most advanced and high-end military weaponry and systems. The presence of significant private defense manufacturers who supply their military-grade materials, components, and other systems to the world also contributes to the prevalent dominance of North America in the rockets and missiles market. The rising Chinese and Russian threats have increased the military spending of the NATO countries to protect their borders and their citizens, which will aid in developing rocket and missile market in the North American region.

North America Region Rocket and Missile Market Share in 2021 - 39.81%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global rocket and missile industry.

Lockheed Martin Missiles and Fire Control were awarded a contract by the Department of Defense's Army Contracting Command. The contract is regarding the procurement of long-range precision strike missile systems for the United States military.

List of Key Market Players:

  • Rafael Advanced Defense Systems Ltd.
  • Lockheed Martin Corporation
  • Raytheon Technologies Corporation
  • Thales Group
  • Northrop Grumman Corporation
  • BAE Systems
  • General Dynamics Corporation
  • MBDA Missiles Systems
  • Denel Dynamics
  • Saab AB

Key Target Audience

  • Original Equipment Manufacturers
  • Defense Manufacturers
  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)

Report Description:

  • Global Rocket and missile market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered the historic years and 2022 to 2030 are the forecast years. The global rocket and missile market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each segment, region, and country catering to the global rocket and missile market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of rocket and missile-based on type, propulsion type, platform, launch mode, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to the global rocket and missile market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global rocket and missile market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter's five forces analysis coupled with SWOT analysis to provide business related data and information. Porter's five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company's growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related, i.e., global rocket and missile market) is covered to comprehend the adoption rate and evaluate the market size. 

Frequesntly Asked Questions

As per The Brainy Insights, the size of the rocket and missile market was valued at USD 61.83 billion in 2021 to USD 92.75 billion by 2030.

Global rocket and missile market is growing at a CAGR of 4.61% during the forecast period 2022-2030.

The global rocket and missile market has been segmented based on type, propulsion type, platform, launch mode, and regions. The missiles segment led the market in 2021. The ground segment led the market in 2021.

North America region emerged as the largest market for the rocket and missile.

The market's growth will be influenced by the growing territorial conflicts.

High capital expenditure could hamper the market growth.

Increased funding for research and development of better and advanced rockets and missiles will provide huge opportunities to the market.

Key players are Rafael Advanced Defense Systems Ltd., Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group, Northrop Grumman Corporation, BAE Systems, General Dynamics Corporation, MBDA Missiles Systems, Denel Dynamics, and Saab AB.

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Type
          4.3.2. Market Attractiveness Analysis by Propulsion Type
          4.3.3. Market Attractiveness Analysis by Platform
          4.3.4. Market Attractiveness Analysis by Launch Mode
          4.3.5. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing territorial conflicts
    5.3. Restraints
          5.3.1. High capital investment
    5.4. Opportunities
          5.4.1. Increased funding for research and development of better and advanced rockets and missiles
    5.5. Challenges
          5.5.1. Integration with conventional launch and communications systems

6. Global Rocket and Missile Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Rockets
    6.3. Missiles

7. Global Rocket and Missile Market Analysis and Forecast, By Propulsion Type
    7.1. Segment Overview
    7.2. Ramjet
    7.3. Turbojet
    7.4. Scramjet
    7.5. Liquid Propulsion
    7.6. Solid Propulsion
    7.7. Hybrid Propulsion

8. Global Rocket and Missile Market Analysis and Forecast, By Platform
    8.1. Segment Overview
    8.2. Ground
    8.3. Air Borne
    8.4. Naval

9. Global Rocket and Missile Market Analysis and Forecast, By Launch Mode
    9.1. Segment Overview
    9.2. Surface-to-Surface
    9.3. Air-to-Air
    9.4. Surface-to-Air
    9.5. Air-to-Surface
    9.6. Subsea-to-Surface

10. Global Rocket and Missile Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Rocket and Missile Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Rocket and Missile Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Rafael Advanced Defense Systems Ltd.
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Lockheed Martin Corporation
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Raytheon Technologies Corporation
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Thales Group
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Northrop Grumman Corporation
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. BAE Systems
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. General Dynamics Corporation
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. MBDA Missiles Systems
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Denel Dynamics
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Saab AB
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
 

List of Table

1. Global Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

2. Global Rockets Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

3. Global Missiles Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

4. Global Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

5. Global Ramjet Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

6. Global Turbojet Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

7. Global Scramjet Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

8. Global Liquid Propulsion Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

9. Global Solid Propulsion Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

10. Global Hybrid Propulsion Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

11. Global Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

12. Global Ground Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

13. Global Air Borne Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

14. Global Naval Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

15. Global Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

16. Global Surface-to-Surface Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

17. Global Air-to-Air Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

18. Global Surface-to-Air Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

19. Global Air-to-Surface Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

20. Global Subsea-to-Surface Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

21. Global Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

22. North America Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

23. North America Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

24. North America Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

25. North America Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

26. U.S. Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

27. U.S. Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

28. U.S. Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

29. U.S. Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

30. Canada Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

31. Canada Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

32. Canada Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

33. Canada Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

34. Mexico Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

35. Mexico Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

36. Mexico Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

37. Mexico Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

38. Europe Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

39. Europe Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

40. Europe Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

41. Europe Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

42. Germany Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

43. Germany Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

44. Germany Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

45. Germany Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

46. France Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

47. France Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

48. France Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

49. France Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

50. U.K. Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

51. U.K. Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

52. U.K. Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

53. U.K. Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

54. Italy Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

55. Italy Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

56. Italy Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

57. Italy Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

58. Spain Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

59. Spain Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

60. Spain Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

61. Spain Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

62. Asia Pacific Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

63. Asia Pacific Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

64. Asia Pacific Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

65. Asia Pacific Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

66. Japan Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

67. Japan Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

68. Japan Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

69. Japan Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

70. China Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

71. China Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

72. China Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

73. China Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

74. India Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

75. India Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

76. India Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

77. India Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

78. South America Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

79. South America Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

80. South America Rocket and Missile Market, By Platform, 2019-2030 (USD Billion)

81. South America Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion)

82. Brazil Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

83. Brazil Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

84. Brazil Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

85. Brazil Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion)

86. Middle East and Africa Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

87. Middle East and Africa Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

88. Middle East and Africa Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

89. Middle East and Africa Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion)

90. UAE Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

91. UAE Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

92. UAE Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

93. UAE Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion)

94. South Africa Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

95. South Africa Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

96. South Africa Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

97. South Africa Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

List of Figures 

1. Global Rocket and Missile Market Segmentation

2. Rocket and Missile Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Rocket and Missile Market Attractiveness Analysis by Type

9. Global Rocket and Missile Market Attractiveness Analysis by Propulsion Type

10. Global Rocket and Missile Market Attractiveness Analysis by Platform

11. Global Rocket and Missile Market Attractiveness Analysis by Launch Mode

12. Global Rocket and Missile Market Attractiveness Analysis by Region

13. Global Rocket and Missile Market: Dynamics

14. Global Rocket and Missile Market Share by Type (2022 & 2030)

15. Global Rocket and Missile Market Share by Propulsion Type (2022 & 2030)

16. Global Rocket and Missile Market Share by Platform (2022 & 2030)

17. Global Rocket and Missile Market Share by Regions (2022 & 2030)

18. Global Rocket and Missile Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global rocket and missile market based on below mentioned segments:

Global Rocket and Missile Market by Type:

  • Rockets
  • Missiles

Global Rocket and Missile Market by Propulsion Type:

  • Ramjet
  • Turbojet
  • Scramjet
  • Liquid Propulsion
  • Solid Propulsion
  • Hybrid Propulsion

Global Rocket and Missile Market by Platform:

  • Ground
  • Airborne
  • Naval

Global Rocket and Missile Market by Launch Mode:

  • Surface-to-Surface
  • Air-to-Air
  • Surface-to-Air
  • Air-to-Surface
  • Subsea-to-Surface

Global Rocket and Missile Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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