The global Rocket and Missiles Market market is currently valued at 84.77 Billion USD as reported by 2027. It is projected to experience a Compound Annual Growth Rate (CAGR) of 4.58% during the 2023-2027 period. The primary objectives of this study are to establish the Rocket and Missiles Market market’s dimensions based on factors such as company, product type, end-users, and key regional markets.
This market research report offers an analysis of prominent manufacturers and geographical regions, delivering valuable insights into the major challenges affecting market expansion. It encompasses the definition, categorization, applications, industry chain structure, trends in development, competitive landscape analysis, and the assessment of distributors in pivotal regions. Furthermore, this report presents data on supply and demand, along with revenue and market share figures.
Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
Product Development/Innovation: Detailed insights into upcoming technologies, RandD activities, and product launches in the market
Competitiveness assessment: Detailed assessment of market strategy, geographic and business segments of market key players
Market Development: Comprehensive information on emerging markets. This report analyzes the market for various segments across regions.
Market Diversification: In-depth information on new products, greenfield territories, recent developments and market investments
This report is the result of extensive primary and secondary research and provides a comprehensive understanding of the current and future goals of the market. It includes a competitive analysis of the industry categorized by application, type and regional trends , as well as a dashboard overview of the historical and current performance of key players. Various methodologies and analyzes have been employed in this report to ensure accurate and comprehensive information on Rocket and Missiles Market.
Supply Chain Disruptions Caused by the COVID-19 Outbreak to Stall Market Growth
The rocket and missile market growth is likely to get hampered throughout 2020 by the outbreak of the COVID-19 contagion. The pandemic has led to unforeseen shocks to supply chains worldwide, crippling defense manufacturing activities around the globe. For instance, the Italian shipbuilding company, Fincantieri, was forced to halt its operations in March 2020 as the coronavirus spread like wildfire around the world. Accentuating these disruptions is the suspension of business development activities in the defense sector. For example, planned expos such as the EUROSATORY 2020, where procurement contracts are finalized, now face an uncertain future, further affecting this industry. Moreover, major players in rockets and missiles domain are also witnessing a sharp fall in their stock prices. For instance, between February and March, stock value of the Thales Group fell by 33%, while Leonardo’s declined by 55%. The cascading effect of the coronavirus pandemic is, therefore, expected to negative on this growth in the immediate future.
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North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East/Africa (Saudi Arabia, UAE) , Egypt, Nigeria, South Africa)
The Global Rocket and Missiles Market report provides a comprehensive overview of the competitive landscape, focusing on key players. Includes details on company strategy, qualifications, history, cost analysis , and general strategy. This report provides information on the total sales, total price and production of the players during the forecast period of #FFOKK# to help readers to determine their market presence. Competitive landscape is analyzed by examining various factors such as key manufacturers, price, and revenue.
- March 2020: Raytheon Company secured a USD 1 billion-worth agreement to buy propulsion systems for their standard missile products from Aerojet Rocketdyne. The agreement will span five years and is focused on optimizing supply chain dynamics between the two companies.
- April 2020: The US Army awarded a contract of estimated value of $6.07 billion to Lockheed Martin to produce and deliver Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement interceptors over three years till 2023. This will bolster US’s position as a major supplier of missile interceptors among other leading world economies.
Reasons to Buy This Report:
✤ Upgrade your market research resources with this comprehensive and accurate report on the global Rocket and Missiles Market.
✤ Thorough understanding of common market scenarios and future market conditions to prepare to overcome challenges and ensure strong growth
✤ This report provides an in-depth study and various trends of Rocket and Missiles Market globally.
✤ It provides an in-depth analysis of changing market trends, current and future technologies in use, and various strategies adopted by major Rocket and Missiles Market players globally.
✤ Providing recommendations and advice to new entrants to the global Rocket and Missiles Market and carefully guiding existing players towards further market growth
✤ Aside from the hottest tech advancements in the global Rocket and Missiles Market, the future plans of industry powerhouses are revealed
Rocket and Missiles Market Top Reasons to Buy Reports:
By purchasing Rocket and Missiles Market research studies, companies can gain accurate and comprehensive insight into industry trends , enabling them to make informed decisions and gain a competitive edge over the top companies. This report covers valuable vendors, industry trends and significant changes in demand over the forecast period 2023-2027.
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