![]() The missile segment is projected to grow at the highest CAGR rate for the rockets and missiles market during the forecast period.Ī missile plays an important role in ROCKETS AND MISSILES majorly for land, air, and marine platforms. These companies secure contracts from governments of different countries to carry out various Rockets and Missiles programs. Northrop Grumman Corporation (US), Lockheed Martin Corporation (US), BAE Systems (UK), and Thales Group (France) are some of the leading players operating in the Rockets and Missiles market. However, issues related to the integration of missiles pose a challenge for Rockets and Missilesmarket growth. Thus, a large number of weapon manufacturers are shifting their focus towards developing precision-guided munitions. Governments of various countries, such as the US, China, India, and Russia, are spending heavily on modernizing their military resources. Furthermore, increasing number of conflicts, and high defense spending are some of the major factors driving the market globally. ![]() The Rockets and Missiles market is expected to witness growth due to consistent increase in defense budget across the globe and the need for advanced Rockets and Missiles to counter the modern combat around the country’s border. The global Rockets and Missiles market size is projected to grow from USD 58.3 billion in 2021 to USD 73.8 billion by 2026, at a CAGR of 4.8% from 2021 to 2026. Rocket and Missile Market - Global Forecast to 2026 ![]()
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