The rockets and missiles are mainly used for destroying the helicopters, tanks, submarine, artilleries, aircrafts, incoming rockets or missiles, ships, and armored vehicles. Rockets are self-propelled munitions and unguided powered by rocket motors or jet engines while the missiles are self-propelled weapons and guided mainly used for air to surface combat, surface to air combat and air to air combat. The major trend for rockets and missiles market to surge is the growing defense budget every year in the developing countries. Across the globe, the defense forces are continuously equipping their relevant troops with the advanced as well as enhanced rockets and missiles for strengthening their air force, armed forces, and naval force. Thus, the growing demand for strengthening of defense forces global is fueling the market for rockets and missiles.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the rocket and missile market. The scope of this report covers the rocket and missile market by its major segments, which include the types, applications, and the major geographic regions.
KEY BENEFITS OF THE REPORT
KEY PREMIUM INDUSTRY INSIGHTS
Regionally, the global market for rockets and missiles is segmented into Europe, North America, Asia-Pacific, Middle East & Africa and Latin America. Among these, the US is anticipated to dominate the global market for rockets and missiles over the forecast period. The rapid growth in this region is due to growing R&D activities undertaken for advanced technological design development of man portable warfare systems. In the coming years, the growth of rocket and missile market in China is anticipated to be very high. The reason behind this growth is that China has been heavily investing heavily in development and design of portable air defense systems. Several developing countries such as India and China, among other regions are investing heavily in ballistic missiles. Also, these countries are investing for doing advancement in technologies and focus on wide range production of offensive fighting vehicles.
The research methodology for Scalar Market Research’s rocket and missile market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
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This report analyzes the rocket and missile market by the following segments:
KEY MARKET PLAYERS
Key players in the rocket and missile market include:
GEOGRAPHIC COVERAGE AND ANALYSIS
This granular market research report covers the following geographic regions in great detail:
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