Guided Missile and Space Vehicle

Global Guided Missile and Space Vehicle Market to Reach US$730.5 Billion by 2030

The global market for Guided Missile and Space Vehicle estimated at US$539.4 Billion in the year 2024, is expected to reach US$730.5 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2024-2030. Guided Missiles, one of the segments analyzed in the report, is expected to record a 5.6% CAGR and reach US$261.6 Billion by the end of the analysis period. Growth in the Rockets segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$147.3 Billion While China is Forecast to Grow at 4.8% CAGR

The Guided Missile and Space Vehicle market in the U.S. is estimated at US$147.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$113.8 Billion by the year 2030 trailing a CAGR of 4.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.6% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Global Guided Missile And Space Vehicle Market - Key Trends & Drivers Summarized

How Is The Rise In Geopolitical Tensions Influencing The Guided Missile And Space Vehicle Market?

The global guided missile and space vehicle market is experiencing robust growth, driven by rising geopolitical tensions and increasing defense budgets worldwide. Countries are investing heavily in advanced missile systems, space exploration, and satellite technologies to enhance their defense capabilities and ensure national security. The demand for guided missiles, including ballistic, cruise, and anti-ship missiles, is rising as nations seek to strengthen their deterrence and precision strike capabilities. Simultaneously, the space vehicle segment is expanding, driven by the increasing interest in space exploration, satellite deployment, and space defense initiatives. As geopolitical uncertainties continue to shape defense strategies, the guided missile and space vehicle market is poised for significant growth.

What Technological Innovations Are Shaping The Future Of Missiles And Space Vehicles?

Technological innovations are significantly shaping the future of guided missiles and space vehicles, enhancing their performance, reliability, and effectiveness. Advances in propulsion systems, such as scramjet and ramjet engines, are enabling the development of hypersonic missiles capable of traveling at speeds exceeding Mach 5, providing faster response times and greater maneuverability. In the space vehicle sector, innovations in reusable launch vehicles, miniaturized satellites (CubeSats), and autonomous space systems are reducing the cost of space exploration and expanding its accessibility. Additionally, the integration of artificial intelligence (AI), machine learning (ML), and advanced guidance systems is enhancing the accuracy, targeting, and decision-making capabilities of guided missiles and space vehicles. These technological developments are critical for meeting the evolving defense and space exploration needs of modern militaries and space agencies.

How Are Market Dynamics And Defense Strategies Shaping The Guided Missile And Space Vehicle Market?

Market dynamics, such as the increasing focus on modernizing military forces and developing space capabilities, are significantly shaping the guided missile and space vehicle market. The emphasis on missile defense systems, anti-satellite (ASAT) weapons, and space situational awareness (SSA) is driving demand for advanced guided missile systems and space vehicles. Regional tensions, such as those in the Asia-Pacific, Middle East, and Eastern Europe, are prompting countries to enhance their missile and space capabilities, influencing market growth. Additionally, defense strategies that prioritize asymmetric warfare, counter-terrorism, and space defense are encouraging the development and deployment of advanced missile and space vehicle technologies. These market dynamics underscore the strategic importance of guided missiles and space vehicles in modern defense and space exploration frameworks.

What Factors Are Driving The Growth Of The Guided Missile And Space Vehicle Market?

The growth in the guided missile and space vehicle market is driven by several factors, including rising defense budgets, technological advancements in missile and space systems, and the increasing focus on space defense and exploration. A key driver is the growing need for advanced missile systems that offer precision strike capabilities, enhanced range, and rapid response times. The expansion of space exploration activities, satellite deployment, and space tourism is also fueling demand for space vehicles. Additionally, the emphasis on developing reusable launch vehicles and hypersonic missile technologies is supporting market growth. These factors, coupled with ongoing innovations in propulsion, guidance, and AI integration, are driving the global guided missile and space vehicle market forward.

SCOPE OF STUDY:

The report analyzes the Guided Missile and Space Vehicle market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Guided Missiles, Rockets, Space Vehicles, Other Types)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 19 Featured) -

• 24sessions
• ABL Space Systems
• Ad Astra Rocket
• Advanced Blast & Ballistic Systems
• Advanced Rockets Corporation
• APT Asia Pacific
• ARCA Space
• ArianeGroup
• Bagaveev Corporation
• Beyond Earth

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.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

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.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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