Missiles - Global Strategic Business Report

The global market for Missiles was estimated at US$193.0 Billion in 2024 and is projected to reach US$254.1 Billion by 2030, growing at a CAGR of 4.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Missiles market.

Global Missiles Market - Key Trends and Drivers Summarized

What Are Missiles and How Do They Work?

Missiles are sophisticated guided weapons designed to deliver a payload from a launch point to a target with precision. They can be classified based on their launch mode, range, or the type of payload they carry, including conventional and nuclear warheads. Missiles operate using a propulsion system - rocket motors or jet engines - that drives them to their targets at high speeds. Guidance systems are crucial, with missiles employing various methods such as inertial guidance, radar guidance, or GPS navigation to find and strike their targets accurately. The technology behind missiles is complex and involves aerodynamics, rocket science, electronics, and materials science to ensure functionality under extreme conditions.

How Are Missiles Used in Modern Warfare?

The use of missiles has revolutionized modern warfare, offering nations the ability to project power rapidly across great distances. In military contexts, missiles serve various roles, from anti-tank and anti-aircraft weapons to strategic ballistic missiles capable of carrying nuclear warheads over intercontinental distances. The strategic importance of missiles is evident in their deterrent capability, as they can deliver swift, retaliatory strikes that complicate enemy planning and operations. Moreover, the development of anti-missile defense systems like the Patriot and S-400 has become crucial in protecting nations from aerial threats, including incoming missiles and aircraft.

What Trends Are Shaping the Future of Missile Technology?

Emerging technologies are dramatically shaping the future of missile systems. The integration of artificial intelligence (AI) is enhancing the accuracy and decision-making capabilities of missile guidance systems, allowing for more autonomous operations and adaptability in dynamic combat environments. Additionally, hypersonic missiles, which travel at speeds greater than Mach 5, are becoming a significant focus of military investment due to their ability to evade traditional missile defense systems. Another trend is the miniaturization of technology, which allows for smaller, yet more powerful, missiles that can be deployed in greater numbers, enhancing their strategic utility in battlefields.

What Drives the Growth of the Missile Market?

The growth in the missile market is driven by several factors. Increasing geopolitical tensions and the need for national and regional security enhancements compel countries to invest heavily in advanced missile systems. Technological advancements, such as the development of stealth capabilities and electronic countermeasures, are critical in shaping procurement strategies as nations seek to maintain technological superiority. Additionally, shifts in military strategy towards asymmetric warfare and the increasing role of unmanned aerial vehicles (UAVs) necessitate the integration of missiles into these platforms. Consumer behavior, particularly the demand from governments for quick-reaction, high-precision weapons systems, also significantly influences market dynamics.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Surface-to-Surface segment, which is expected to reach US$63.6 Billion by 2030 with a CAGR of a 4.5%. The Air Defense segment is also set to grow at 4.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $51.7 Billion in 2024, and China, forecasted to grow at an impressive 7.8% CAGR to reach $53.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Missiles Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Missiles Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Missiles Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as BAE Systems Plc, Israel Aerospace Industries Ltd., Leonardo S.p.A., Lockheed Martin Corporation, MBDA Missile Systems and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 24 companies featured in this Missiles market report include:

• BAE Systems Plc
• Israel Aerospace Industries Ltd.
• Leonardo S.p.A.
• Lockheed Martin Corporation
• MBDA Missile Systems
• RUAG AG
• Safran SA
• Thales Group
• The Boeing Company

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.