Missiles

Global Missiles Market to Reach US$254.1 Billion by 2030

The global market for Missiles estimated at US$193.0 Billion in the year 2024, is expected to reach US$254.1 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2024-2030. Surface-to-Surface Missiles, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$63.6 Billion by the end of the analysis period. Growth in the Air Defense Missiles segment is estimated at 4.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$51.7 Billion While China is Forecast to Grow at 7.8% CAGR

The Missiles market in the U.S. is estimated at US$51.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$53.9 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.4% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.0% CAGR.

Global Missiles Market - Key Trends and Drivers Summarized

What Are Missiles and How Do They Work?

Missiles are sophisticated guided weapons designed to deliver a payload from a launch point to a target with precision. They can be classified based on their launch mode, range, or the type of payload they carry, including conventional and nuclear warheads. Missiles operate using a propulsion system—rocket motors or jet engines—that drives them to their targets at high speeds. Guidance systems are crucial, with missiles employing various methods such as inertial guidance, radar guidance, or GPS navigation to find and strike their targets accurately. The technology behind missiles is complex and involves aerodynamics, rocket science, electronics, and materials science to ensure functionality under extreme conditions.

How Are Missiles Used in Modern Warfare?

The use of missiles has revolutionized modern warfare, offering nations the ability to project power rapidly across great distances. In military contexts, missiles serve various roles, from anti-tank and anti-aircraft weapons to strategic ballistic missiles capable of carrying nuclear warheads over intercontinental distances. The strategic importance of missiles is evident in their deterrent capability, as they can deliver swift, retaliatory strikes that complicate enemy planning and operations. Moreover, the development of anti-missile defense systems like the Patriot and S-400 has become crucial in protecting nations from aerial threats, including incoming missiles and aircraft.

What Trends Are Shaping the Future of Missile Technology?

Emerging technologies are dramatically shaping the future of missile systems. The integration of artificial intelligence (AI) is enhancing the accuracy and decision-making capabilities of missile guidance systems, allowing for more autonomous operations and adaptability in dynamic combat environments. Additionally, hypersonic missiles, which travel at speeds greater than Mach 5, are becoming a significant focus of military investment due to their ability to evade traditional missile defense systems. Another trend is the miniaturization of technology, which allows for smaller, yet more powerful, missiles that can be deployed in greater numbers, enhancing their strategic utility in battlefields.

What Drives the Growth of the Missile Market?

The growth in the missile market is driven by several factors. Increasing geopolitical tensions and the need for national and regional security enhancements compel countries to invest heavily in advanced missile systems. Technological advancements, such as the development of stealth capabilities and electronic countermeasures, are critical in shaping procurement strategies as nations seek to maintain technological superiority. Additionally, shifts in military strategy towards asymmetric warfare and the increasing role of unmanned aerial vehicles (UAVs) necessitate the integration of missiles into these platforms. Consumer behavior, particularly the demand from governments for quick-reaction, high-precision weapons systems, also significantly influences market dynamics.

SCOPE OF STUDY:

The report analyzes the Missiles market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Surface-to-Surface, Air Defense, Air-to-Surface, Air-to-Air, Antitank, Bombs (Guided), Antiship, Intelligent Munitions, Other Types)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 24 Featured) -

• BAE Systems Plc
• Israel Aerospace Industries Ltd.
• Leonardo S.p.A.
• Lockheed Martin Corporation
• MBDA Missile Systems
• RUAG AG
• Safran SA
• Thales Group
• The Boeing Company

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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