Rockets and Missiles Market, By Product Type (Missiles, Rockets/Rocket Artilleries, and Torpedoes), By Application (Defense, Space Exploration, Commercial Launch, and Scientific Research), By Geography (North America, Latin America, Europe, Asia Pacific,

The Global Rockets and Missiles Market is estimated to be valued at USD 61.72 billion in 2025 and is expected to reach USD 94.04 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2025 to 2032. The market has seen promising growth in recent years, as geopolitical tensions are rising worldwide. Also, technological advancements and the modernization of military forces worldwide is adding to this growth. Rockets and missiles are essential components of a country's defense system, providing critical capabilities for air-to-surface, surface-to-air, and surface-to-surface missions. The market includes many products, including ballistic missiles, cruise missiles, interceptor missiles, and rocket systems. As nations focus on strengthening their defense capabilities and deterrence strategies, the demand for advanced rockets and missiles is expected to remain robust in the coming years.

Market Dynamics:

The world is seeing a lot of geopolitical tensions, be it the Middle East, Asia Pacific, and Eastern Europe. These tensions have led to a heightened focus on military modernization and the acquisition of advanced rocket and missile systems. Also, major economies, such as the U.S., China, and Russia, have raised their defense budgets. This has increased investments in research and development, leading to the introduction of cutting-edge technologies in the market. However, the market also faces certain restraints, including the high costs associated with the development and production of rockets and missiles. Despite these challenges, the market presents significant opportunities for growth, driven by the increasing adoption of precision-guided munitions, the emergence of hypersonic missiles, and the integration of artificial intelligence and machine learning technologies in missile guidance systems.

Key Features of the Study:

• This report provides in-depth analysis of the global rockets and missiles market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global rockets and missiles market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Lockheed Martin, Raytheon Technologies (RTX), Boeing, Northrop Grumman, BAE Systems, General Dynamics, Rafael Advanced Defense Systems, Airbus Defence & Space, L3Harris (Aerojet Rocketdyne), Rocket Lab, General Atomics, Rheinmetall, MBDA, Thales, and Saab
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global rockets and missiles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global rockets and missiles market

• Product Type Insights (Revenue, USD Bn, 2020 - 2032)
• Missiles
• Rockets/Rocket Artilleries
• Torpedoes
• Application Insights (Revenue, USD Bn, 2020 - 2032)
• Defense
• Space Exploration
• Commercial Launch
• Scientific Research
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• GCC Countries
• Israel
• Rest of Middle East
• Africa
• South Africa
• North Africa
• Central Africa
• Key Players Insights
• Lockheed Martin
• Raytheon Technologies (RTX)
• Boeing
• Northrop Grumman
• BAE Systems
• General Dynamics
• Rafael Advanced Defense Systems
• Airbus Defence & Space
• L3Harris (Aerojet Rocketdyne)
• Rocket Lab
• General Atomics
• Rheinmetall
• MBDA
• Thales
• Saab