Industry Background:
Guided Rocket are missile systems which are equipped with computer on board which is responsible for steering missile on to the prescribed target. Guided rockets can be controlled either by human assistance or through on board autonomous computer system. Guided Rockets are majorly replacing the conventional rockets because of its higher accuracy, higher kill ratios and lower warhead required. Such Rocket systems are getting integrated with advanced radars such as AESA, as well as satellite navigation technology, along with other modern navigation technologies. The rising hostilities around the world, and increased research and development involved has led to steady growth of this industry even during the pandemic. Hypersonic Technology is the new hot trend in the development of guided rockets with Russia currently leading, and Other Major Defence Powers such as United States, China and India following. Naval Segment is expected to remain popular over the coming decades because of countries obsession in securing their maritime boundaries and rising naval threats. Geographically, North America and Asia Pacific will witness the highest spending the Guided Rocket Market.
According to AMA Research, the market for Guided Rocket is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Increasing Research and Development in Aerospace and Defence
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Aerospace & Defense sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as MBDA Systems (France), Rafael Advanced Defense Systems Ltd. (Israel), BAE Systems plc (United Kingdom), BrahMos Aerospace Limited (India), Boeing Company (United Systems), Lockheed Martin Corporation (United States), Raytheon Company (United States), JSC Tactical Missiles Corporation (Russia), Northrop Grumman Corporation (United Systems) and Sequa Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2024,Pakistan’s indigenous Guided Multi-barrel Launched Rocket System Fatah-II could provide the country with a significant leap in its missile capabilities, enabling precision strikes at distances ranging from 250km to 400km.
Influencing Trend:
Major Military Powers of World be it Russia, US, China or India are Focused on Developing Hypersonic Missiles
Market Growth Drivers:
Increasing Research and Development in Aerospace and Defence, Increasing Military Spending my Countries and Rising Hostilities among Countries
Challenges:
Complex Engineering and Long Research and Development Cycles and Huge Initial Investments Required for Prototype Building and Testing
Restraints:
Cyber Attacks and Technology Theft is a Huge Hampering Factor for the Development of New Missiles
Opportunities:
Naval Sector is expected to Boom Owing to Rising Maritime Conflicts
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Guided Rocket Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Guided Rocket Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Guided Rocket players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Guided Rocket Study Sheds Light on
The Guided Rocket Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Guided Rocket industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Guided Rocket industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.