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Global Cruise Missile Market: By Launch Platform: Air, Surface Combatants, Submarine, Land; By Range: Short-range Missiles, Medium-range Missiles, Long-range Missiles; By Speed; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Cruise Missile Market Outlook

The global cruise missile market is expected to grow in the forecast period of 2021-2026 at a CAGR of 13.5%.

 

North America to Continue Global Dominance Over the Forecast Period

Regionally, North America is expected to maintain its dominance over the global market registering highest CAGR during the forecast period owing to the growth of the US cruise missile industry. United States accounts for the largest investment in technology advanced weapons system to counter the increasing capabilities of China and Russia. Furthermore, the region’s growth is aided by the government’s budget allocation and the involvement of private sector in weapon manufacturing industry.

 

Global Cruise Missile Market

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By speed, the segment of supersonic cruise missile held the largest share in the market with a handful of nations capable enough to possess them. Major countries have been increasing their share of investments in all kinds of launch platforms for supersonic cruise missile which are predominantly in the long-range segment.

 

Cruise Missile: Industry Definition and Segmentation

Cruise missiles are guided and unmanned missiles designed to deliver large warheads with great precision. They can self-navigate, fly on a non-ballistic and low-altitude trajectory and travel at supersonic and hypersonic speeds. Modern cruise missiles utilise various technologies, such as terrain mapping, global positioning systems (GPS), and gyroscopes to maintain a pre-programmed flight path.

The market is segmented by launch platform into:

  • Air
  • Surface Combatants
  • Submarine
  • Land

The cruise missile industry can be broadly categorised based on its range into:

  • Short-range Missiles
  • Medium-range Missiles
  • Long-range Missiles

Based on speed, the market can be divided into:

  • Subsonic
  • Supersonic
  • Hypersonic

The regional markets for cruise missile include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Cross-Border Hostilities and Warfare Diplomacy to Aid the Market Growth for Cruise Missile

The global market for cruise missile is mainly propelled by the growing influence of missiles in modern warfare strategies. From a strategic outlook, countries, or entities with possession of such advanced missiles have higher potential to keep their adversaries at bay, which is a promising factor for robust growth of the industry in the years to come. In Addition, the increasing frequency of cross-border hostilities and terrorist activities across the globe is one of the significant factors driving the growth of the industry.

Moreover, integrating artificial intelligence technology in defence is paving the way for further advancement in its utility and aiding the market growth. The rapid modernisation of present defence systems, equipping missiles with angular thrusters, which provide horizontal repositioning feature, and the use of 3D printing technology to build components and structures for missiles are some of the other factors anticipated to drive the market growth during the forecast period.

 

Key Industry Players in the Global Cruise Missile Market

The report presents a detailed analysis of the following key players in the global cruise missile market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Lockheed Martin Corporation
  • Raytheon Technologies Corporation
  • Defense Research and Development Organization (DRDO)
  • The Boeing Company
  • MBDA Missile Systems Inc.
  • Roketsan Roket Sanayii ve Ticaret A.S.
  • Avibras Indústria Aeroespacial S/A
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Launch Platform, Range, Speed, Region
Breakup by Launch Platform Air, Surface Combatants, Submarine, Land
Breakup by Range Short-range Missiles, Medium-range Missiles, Long-range Missiles
Breakup by Speed Subsonic, Supersonic, Hypersonic
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Lockheed Martin Corporation, Raytheon Technologies Corporation,
Defense Research and Development Organization (DRDO), The Boeing Company,
MBDA Missile Systems Inc., Roketsan Roket Sanayii ve Ticaret A.S., Avibras Indústria Aeroespacial S/A, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Cruise Missile Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Cruise Missile Historical Market (2016-2020) 
    8.3    Global Cruise Missile Market Forecast (2021-2026)
    8.4    Global Cruise Missile Market by Launch Platform
        8.4.1    Air
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Surface Combatants
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Submarine
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Land
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
    8.5    Global Cruise Missile Market by Range
        8.5.1    Short-range Missiles
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Medium-range Missiles
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Long-range Missiles
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Cruise Missile Market by Speed
        8.6.1    Subsonic
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Supersonic
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Hypersonic
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
    8.7    Global Cruise Missile Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Lockheed Martin Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Raytheon Technologies Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Defense Research and Development Organization (DRDO)
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    The Boeing Company
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    MBDA Missile Systems Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Roketsan Roket Sanayii ve Ticaret A.S.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Avibras Indústria Aeroespacial S/A
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Cruise Missile Market: Key Industry Highlights, 2016 and 2026
2.    Global Cruise Missile Historical Market: Breakup by Launch Platform (USD Million), 2016-2020
3.    Global Cruise Missile Market Forecast: Breakup by Launch Platform (USD Million), 2021-2026
4.    Global Cruise Missile Historical Market: Breakup by Range (USD Million), 2016-2020
5.    Global Cruise Missile Market Forecast: Breakup by Range (USD Million), 2021-2026
6.    Global Cruise Missile Historical Market: Breakup by Speed (USD Million), 2016-2020
7.    Global Cruise Missile Market Forecast: Breakup by Speed (USD Million), 2021-2026
8.    Global Cruise Missile Historical Market: Breakup by Region (USD Million), 2016-2020
9.    Global Cruise Missile Market Forecast: Breakup by Region (USD Million), 2021-2026
10.    North America Cruise Missile Historical Market: Breakup by Country (USD Million), 2016-2020
11.    North America Cruise Missile Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Europe Cruise Missile Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Europe Cruise Missile Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Asia Pacific Cruise Missile Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Asia Pacific Cruise Missile Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Latin America Cruise Missile Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Latin America Cruise Missile Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Middle East and Africa Cruise Missile Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Middle East and Africa Cruise Missile Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Global Cruise Missile Market Structure

Key Questions Answered in the Report

The global cruise missile market is projected to grow at a CAGR of 13.5% between 2021 and 2026.

The market is being driven by the increasing investments in technologically advanced weapon system by various governments to enhance their military strength.

The industry is expected to be aided by the growing deployment of missiles in warfare, the increasing terrorist activities, and the integration of the latest technologies such as artificial intelligence (AI) and 3D printing.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major launch platforms of cruise missile in the industry are air, surface combatants, submarine, and land.

The significant ranges in the market are short-range missiles, medium-range missiles, and long-range missiles.

The various speed segments of cruise missile in the market are subsonic, supersonic, and hypersonic.

The major players in the industry are Lockheed Martin Corporation, Raytheon Technologies Corporation, Defense Research and Development Organization (DRDO), The Boeing Company, MBDA Missile Systems Inc., Roketsan Roket Sanayii ve Ticaret A.S., and Avibras Indústria Aeroespacial S/A, among others.

Analyst Review

The global cruise missile market is driven by the increasing investments in technologically advanced weapon system. Aided by the growing deployment of missiles in warfare, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 13.5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its launch platforms, the cruise missile industry can be segmented into air, surface combatants, submarine, and land. On the basis of ranges, the industry is divided into short-range missiles, medium-range missiles, and long-range missiles. By speed, the market is categorised into subsonic, supersonic, and hypersonic. The major regional markets for cruise missile are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Lockheed Martin Corporation, Raytheon Technologies Corporation, Defense Research and Development Organization (DRDO), The Boeing Company, MBDA Missile Systems Inc., Roketsan Roket Sanayii ve Ticaret A.S., and Avibras Indústria Aeroespacial S/A, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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