Global Cruise Missile Market Growth 2025-2031

Global Cruise Missile Market Growth 2025-2031

The global Cruise Missile market size is predicted to grow from US$ 1810 million in 2025 to US$ 2789 million in 2031; it is expected to grow at a CAGR of 7.5% from 2025 to 2031.

A cruise missile is a guided missile used against terrestrial targets that remains in the atmosphere and flies the major portion of its flight path at approximately constant speed. Cruise missiles are designed to deliver a large warhead over long distances with high precision. Modern cruise missiles are capable of travelling at supersonic or high subsonic speeds, are self-navigating, and are able to fly on a non-ballistic, extremely low-altitude trajectory.

North America is the largest Cruise Missile market with about 51% market share. Russia is follower, accounting for about 29% market share.

The key players are Lockheed Martin, Raytheon, Tactical Missiles Corporation, CASIC, Roketsan A.S, Taurus Systems etc. Top 3 companies occupied about 80% market share.

LP Information, Inc. (LPI) ' newest research report, the “Cruise Missile Industry Forecast” looks at past sales and reviews total world Cruise Missile sales in 2024, providing a comprehensive analysis by region and market sector of projected Cruise Missile sales for 2025 through 2031. With Cruise Missile sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cruise Missile industry.

This Insight Report provides a comprehensive analysis of the global Cruise Missile landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cruise Missile portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cruise Missile market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cruise Missile and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cruise Missile.

This report presents a comprehensive overview, market shares, and growth opportunities of Cruise Missile market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Air-launched Cruise Missile
Land Attack Cruise Missile
Others

Segmentation by Application:
Defense
Homeland Security

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Lockheed Martin
Raytheon
Tactical Missiles Corporation
CASIC
Roketsan A.S
Taurus Systems

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cruise Missile market?

What factors are driving Cruise Missile market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cruise Missile market opportunities vary by end market size?

How does Cruise Missile break out by Type, by Application?