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Cruise Missile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 143 pages | ID: C0F01D9828EDEN
IMARC Group

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The global cruise missile market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.34% during 2022-2028.

Cruise missile refers to an unmanned, self-propelled and guided missile used for delivering targeted warheads with enhanced precision. It can self-navigate, fly on a non-ballistic and low-altitude trajectory and travel at supersonic and hypersonic speeds. Cruise missiles consist of a guidance, payload and aircraft propulsion system that is enclosed in an airframe and can be launched using land, sea and air-based platforms. They use various technologies, such as terrain mapping, global positioning systems (GPS), inertial guidance, motion sensors and gyroscopes to maintain a pre-programmed flight path. The missiles are also programmed for surface-to-surface, surface-to-air, air-to-air, air-to-surface and subsea to surface launch modes. They use solid, liquid, hybrid, ramjet, turbojet and scramjet propulsion systems.

Cruise Missile Market Trends:
The rising incidence of cross-border agitations and terrorist activities across the globe is one of the key factors driving the growth of the market. Cruise missiles are crucial for enforcing defense strategies and countering terrorist threats and political and territorial issues. Moreover, the integration of artificial intelligence (AI) technology in defense systems for enhanced situational awareness and target precision is providing a thrust to the market growth. Various technological advancements, such as the development of innovative hypersonic cruise missiles that can travel faster than the speed of sound, are acting as other growth-inducing factors. These missiles are highly powerful and can be used for delivering long-range strategic nuclear strikes. Novel variants are also resistant to electronic countermeasures and are equipped with angular thrusters to reposition the missile horizontally and maneuver against airstrikes. Other factors, including the rapid modernization of existing defense systems, along with the widespread adoption of 3D printed missile components and structures, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cruise missile market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on launch platform, speed, range and application.

Breakup by Launch Platform:

Air
Surface Combatants
Land
Submarine

Breakup by Speed:

Subsonic
Supersonic
Hypersonic

Breakup by Range:

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

Breakup by Application:

Attack
Defensive

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerojet Rocketdyne Inc., Avibras Industria Aeroespacial SA, China Aerospace Science and Industry Corporation Limited, Defence Research and Development Organisation, Kongsberg Gruppen, Lockheed Martin Corporation, MBDA, Raytheon Technologies Corporation, Roketsan Roket Sanayii ve Ticaret AS and The Boeing Company.

Key Questions Answered in This Report
1. How big is the global cruise missile market?
2. What is the expected growth rate of the global cruise missile market during 2023-2028?
3. What are the key factors driving the global cruise missile market?
4. What has been the impact of COVID-19 on the global cruise missile market?
5. What is the breakup of the global cruise missile market based on the launch platform?
6. What is the breakup of the global cruise missile market based on the speed?
7. What are the key regions in the global cruise missile market?
8. Who are the key players/companies in the global cruise missile market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL CRUISE MISSILE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY LAUNCH PLATFORM

6.1 Air
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Surface Combatants
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Land
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Submarine
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY SPEED

7.1 Subsonic
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Supersonic
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Hypersonic
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY RANGE

8.1 Short-range Missiles
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Medium-range Missiles
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Long-range Missiles
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Attack
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Defensive
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Aerojet Rocketdyne Inc.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 Avibras Industria Aeroespacial SA
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 China Aerospace Science and Industry Corporation Limited
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Defence Research and Development Organisation
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 Kongsberg Gruppen
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
  15.3.6 Lockheed Martin Corporation
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 MBDA
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Raytheon Technologies Corporation
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Roketsan Roket Sanayii ve Ticaret AS
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 The Boeing Company
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Cruise Missile Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Cruise Missile Market Forecast: Breakup by Launch Platform (in Million US$), 2023-2028
Table 3: Global: Cruise Missile Market Forecast: Breakup by Speed (in Million US$), 2023-2028
Table 4: Global: Cruise Missile Market Forecast: Breakup by Range (in Million US$), 2023-2028
Table 5: Global: Cruise Missile Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Cruise Missile Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Cruise Missile Market: Competitive Structure
Table 8: Global: Cruise Missile Market: Key Players

LIST OF FIGURES

Figure 1: Global: Cruise Missile Market: Major Drivers and Challenges
Figure 2: Global: Cruise Missile Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Cruise Missile Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Cruise Missile Market: Breakup by Launch Platform (in %), 2022
Figure 5: Global: Cruise Missile Market: Breakup by Speed (in %), 2022
Figure 6: Global: Cruise Missile Market: Breakup by Range (in %), 2022
Figure 7: Global: Cruise Missile Market: Breakup by Application (in %), 2022
Figure 8: Global: Cruise Missile Market: Breakup by Region (in %), 2022
Figure 9: Global: Cruise Missile (Air) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Cruise Missile (Air) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Cruise Missile (Surface Combatants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Cruise Missile (Surface Combatants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Cruise Missile (Land) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Cruise Missile (Land) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Cruise Missile (Submarine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Cruise Missile (Submarine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Cruise Missile (Subsonic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Cruise Missile (Subsonic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Cruise Missile (Supersonic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Cruise Missile (Supersonic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Cruise Missile (Hypersonic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Cruise Missile (Hypersonic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Cruise Missile (Short-range Missiles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Cruise Missile (Short-range Missiles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Cruise Missile (Medium-range Missiles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Cruise Missile (Medium-range Missiles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Cruise Missile (Long-range Missiles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Cruise Missile (Long-range Missiles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Cruise Missile (Attack) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Cruise Missile (Attack) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Cruise Missile (Defensive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Cruise Missile (Defensive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia-Pacific: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia-Pacific: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Cruise Missile Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Cruise Missile Market: Breakup by Country (in %), 2022
Figure 81: Middle East and Africa: Cruise Missile Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Global: Cruise Missile Industry: SWOT Analysis
Figure 83: Global: Cruise Missile Industry: Value Chain Analysis
Figure 84: Global: Cruise Missile Industry: Porter's Five Forces Analysis


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