About Rocket and Missile
Rocket is a large cylinder-shaped object that moves forward by forcing out burning gases at the backend. It can be used space travel or as a weapon. The missile is a rocket-propelled weapon. Rocket and missile system is a weapons system that delivers explosive warheads to their target by means of rocket propulsion. It contains some form of the guidance system and it can be guided by the ground-based command system.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Rocket and Missile market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
MBDA Inc. (United Kingdom), Lockheed Martin Corporation (United States), Saab AB (Sweden), Rafael Advanced Defense Systems Ltd (Israel), Raytheon Company (United States), General Dynamics Corporation (United States), Roketsan A.S. (Turkey), BAE Systems (United Kingdom), Northrop Grumman Corporation (United States) and Boeing (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Thales Group (France) and Leonardo S.p.A. (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Rocket and Missile market by Type (Ballistic Missile {Short Range, Medium Range, Intermediate Range and Intercontinental Range} and Cruise Missile {Short Range (less than 300 km), Medium Range (300-1000 km) and Long Range (Greater Than 1000 km)}), Application (Surface-to-Surface (SSM), Surface-to-Air (SAM), Air-to-Surface (ASM), Air-to-Air (AAM) and Subsea-to-Surface (SuSM)) and Region.
On the basis of geography, the market of Rocket and Missile has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Propulsion, the sub-segment i.e. Scramjet will boost the Rocket and Missile market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Technological Advanced Rockets and Missiles
Market Growth Drivers:
Growing Defense Budgets of the Developing Countries Due To Increase in Terrorist Activities, Changing Nature of Warfare Worldwide and High Accuracy and Precision in Targeting the Object by Rockets and Missiles
Challenges:
Issues Related To Integration of a Missile
Restraints:
High Cost of the Rocket and Missile System and Requirement of Maintenance of the System
Opportunities:
Increasing Demand for Rocket and Missile System Worldwide
Market Leaders and their expansionary development strategies
On 1st September 2017, defense and security company Saab and Indian infrastructure conglomerate Adani Group announced a collaboration plan within aerospace and defense in India.
On 23rd August 2018, Defense giant Rafael Advanced Defense Systems Ltd. selected to provide several weapon systems to the Australian Defense Force including the Spike LR2 fifth-generation anti-tank guided weapon and Trophy Active Protection System.
Key Target Audience
Rocket and Missile Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.