Rockets and Missiles Market Research Report and Forecast up to 2025 Rockets and Missiles Market - Global Industry Anal

Rockets and Missiles Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2017 - 2025
Global Rockets and Missiles Market: Snapshot
The global market for rockets and missiles is anticipated to witness a substantial
surge over the next few years, thanks to the increasing expenditure by various
governments on their respective defense and military sectors. The rise in the
defense budget will help in the uptake of technologically advanced rockets and
missiles required for the strengthening of the defense forces across the world.
Several nations, such as the U.S., the U.K., China, India, Russia, and Israel are likely
to invest a massive amounts of money in designing and manufacturing modern
rockets and missiles to equip their military forces and export them to other
countries in the near future, which is also projected to support this market over the
forthcoming years. However, the risk of malfunction of rockets and missiles
launchers may hinder the market’s growth in the near future. The global market for
rockets and missiles was worth US$32.10 bn in 2016. Rising at a CAGR of 3.40%
from 2017 to 2025, the opportunity in this market is anticipated to reach US$ 43.01
bn by the end of 2025.
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missiles-market.html
North America to Continue Leading Global Rockets and Missiles Market
Based on the geography, the global market for rockets and missiles is classified into
the Middle East and Africa, Europe, Asia Pacific, North America, and Latin America.
In 2016, North America dominated the market with a share of 30.1%. The extensive
researches for the development of technologically advanced rockets and missiles,
being carried out in this region to strengthen its defense forces, has been propelling
the North America market for rockets and missiles. Researchers expect this scenario
to remain so over the forthcoming years, with the U.S. emerging as the leading
domestic market for rockets and missiles in this region.
On the flip side, Asia Pacific is anticipated to surface as a promising market for
rockets and missiles in the years to come. Several countries, such as China and
India are investing a massive sum in designing, developing and manufacturing
modern rockets and missiles in order to equip their forces with the same. South
Korea, on the other hand, is in the process of procuring large numbers of rockets