Revenue, 2025
USD 118.55 Bn
Forecast Year, 2034
USD 118.55 Bn
CAGR, 2025 - 2034
5.13%
Report Coverage
Worldwide
The global rockets and missiles market, valued at USD 75.62B in 2025, is projected to reach USD 118.55B by 2034, growing at a CAGR of 5.13%, driven by rising defense modernization, strategic military investments, and advanced missile technologies.
Rockets And Missiles Market Size Analysis
Rockets And Missiles Market Size By Speed 2025 to 2034 (USD Billion)
| Speed | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Subsonic | 15.12 | 15.90 | 16.72 | 17.57 | 18.47 | 19.42 | 20.42 | 21.47 | 22.57 | 23.73 |
| Supersonic | 28.74 | 30.21 | 31.76 | 33.39 | 35.10 | 36.90 | 38.80 | 40.79 | 42.88 | 45.08 |
| Hypersonic | 31.76 | 33.39 | 35.10 | 36.90 | 38.80 | 40.79 | 42.88 | 45.08 | 47.39 | 49.82 |
Rockets And Missiles Market Size By Product 2025 to 2034 (USD Billion)
| Product | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cruise Missiles | 7.56 | 7.95 | 8.36 | 8.79 | 9.24 | 9.71 | 10.21 | 10.73 | 11.28 | 11.86 |
| Rockets | 21.17 | 22.26 | 23.40 | 24.60 | 25.86 | 27.19 | 28.59 | 30.05 | 31.59 | 33.21 |
| Ballistic Missiles | 22.69 | 23.85 | 25.07 | 26.36 | 27.71 | 29.13 | 30.63 | 32.20 | 33.85 | 35.59 |
| Torpedoes | 24.20 | 25.44 | 26.74 | 28.12 | 29.56 | 31.08 | 32.67 | 34.35 | 36.11 | 37.96 |
Rockets And Missiles Market Size By Guidance 2025 to 2034 (USD Billion)
| Guidance | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Unguided | 26.47 | 27.82 | 29.25 | 30.75 | 32.33 | 33.99 | 35.73 | 37.57 | 39.49 | 41.52 |
| Guided | 49.15 | 51.67 | 54.33 | 57.11 | 60.04 | 63.12 | 66.36 | 69.76 | 73.34 | 77.11 |
Rockets And Missiles Market Size By Platform 2025 to 2034 (USD Billion)
| Platform | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Naval | 18.91 | 19.87 | 20.89 | 21.97 | 23.09 | 24.28 | 25.52 | 26.83 | 28.21 | 29.66 |
| Ground | 25.71 | 27.03 | 28.42 | 29.87 | 31.41 | 33.02 | 34.71 | 36.49 | 38.36 | 40.33 |
| Airborne | 31.00 | 32.59 | 34.27 | 36.02 | 37.87 | 39.82 | 41.86 | 44.01 | 46.26 | 48.64 |
Rockets And Missiles Market Size By Region 2025 to 2034 (USD Billion)
| Region | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4.54 | 4.77 | 5.01 | 5.27 | 5.54 | 5.83 | 6.13 | 6.44 | 6.77 | 7.12 |
| Europe | 6.05 | 6.36 | 6.69 | 7.03 | 7.39 | 7.77 | 8.17 | 8.59 | 9.03 | 9.49 |
| Asia Pacific | 18.15 | 19.08 | 20.06 | 21.09 | 22.17 | 23.31 | 24.50 | 25.76 | 27.08 | 28.47 |
| Latin America | 19.66 | 20.67 | 21.73 | 22.84 | 24.02 | 25.25 | 26.54 | 27.91 | 29.34 | 30.84 |
| Middle East and Africa | 27.22 | 28.62 | 30.09 | 31.63 | 33.25 | 34.96 | 36.75 | 38.64 | 40.62 | 42.70 |
Rockets And Missiles Market Size to Touch USD 118.55 Billion by 2034
The global rockets and missiles market size accounted for USD 75.62 billion in 2025 and is predicted to touch around USD 118.55 billion by 2034 a CAGR of 5.13%.
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