Zion Market Research Global Rockets and Missiles Market, 2016–2024 | Page 2

Rockets and Missiles Market
Global Rockets and Missiles Market: Overview
Rockets and missiles are usually used to wipe out the enemy helicopters, aircraft, tanks,
incoming missiles or rockets, ships, armored vehicles, submarine, artilleries, and so on.
Rockets are self-propelled, unguided weapons, and powered by rocket motors or jet
engines. On the other hand, missiles are self-propelled, guided weaponry that are used for
air-to-surface combat, surface-to-air combat, and air-to-air combat. The rising year-on-year
defense budget in the developing economies is the key factor for the growth of the global
rockets and missiles market.
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missiles-market
Global Rockets and Missiles Market: Growth Factors
The defense forces all around the world are continuously equipping their individual troops
with the enhanced and latest rockets and missiles so as to fortify their air force, armed
forces, and naval force. Therefore, there is a high demand for enhancing the defense forces
worldwide, which in turn is boosting the global market growth. In addition, the demand for
advanced weapons in terms of technology is gaining pace in the defense sector all around
the world. Rockets and missiles play a crucial role in any war mainly due to their availability
in long-range, mid-range, or short-range rockets and missiles. Due to this, the defense
forces in developed economies and developing economies are a having high demand for
advanced rockets and missiles in terms of technology in order to protect the country during