DUBLIN--(BUSINESS WIRE )--The "Rockets and Missiles Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product, By Speed , By Guidance Mechanism, By Platform, By Launch Mode, and By Region" report has been added to ResearchAndMarkets.com's offering.
The global rockets and missiles market is anticipated to grow at a robust CAGR in the forecast period, 2023-2027. Factors such as increasing defense expenditure by developing countries and ongoing military modernization programs are anticipated to boost the demand for the global rockets and missiles.
Besides, high-end investments by market players to expand their defense fleet and launch advanced rockets & missiles for counter-terrorism activities are expected to propel the global rockets and missiles market growth in the coming years. Countries are actively investing in developing high-end air defense systems such as the Patriot Advanced Capability-3 and hypersonic missiles that are difficult to detect by missile shields. Market players are focusing on using stealth technology in rockets & missiles, which are undetectable by missile shields. Some of the newly launched rockets & missiles in the market are high-speed cruise missiles and new generation precision-guided missile defense systems.
The global rockets and missiles market is segmented into product, speed, guidance mechanism, platform, launch mode, regional distribution, and competitive landscape. Based on launch mode, the market is divided into the surface to surface, surface to air, air to air, air to surface, subsea to surface. The surface-to-surface segment is expected to capture the highest market share in the forecast period, 2023-2027. Surface to surface rockets or missiles is also known as a ground-to-ground rockets or missiles fired from the ground or sea. They are mostly utilized in land warfare operations that aim to hit the ground or maritime targets. They can be launched from hand-held or from fixed facilities.
In this report, global rockets and missiles market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Rockets and Missiles Market, By Product:
Rockets and Missiles Market, By Speed:
Rockets and Missiles Market, By Guidance Mechanism:
Rockets and Missiles Market, By Platform:
Rockets and Missiles Market, By Launch Mode:
Rockets and Missiles Market, By Region:
4. Impact of COVID-19 on Global Rockets and Missiles Market
5. Global Rockets and Missiles Market Outlook
6. North America Rockets and Missiles Market Outlook
7. Asia Pacific Rockets and Missiles Market Outlook
8. Europe & CIS Rockets and Missiles Market Outlook
9. South America Rockets and Missiles Market Outlook
10. Middle East and Africa Rockets and Missiles Market Outlook
For more information about this report visit https://www.researchandmarkets.com/r/fua0o
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900