Last Updated: 01-08-2025 | Format: PDF | Report ID:20682 | Author: Abhishek
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | $46,200 Million |
| What is the projected market size by 2035? | $71,600 Million |
| What is the market CAGR from 2025 to 2035? | 4.5% |
| Which region dominates the market? | Southeast (31%) |
| Which product/service type dominates the market? | Ballistic Missiles (32%) |
| Which application leads the market? | Defense (54%) |
| Who are the major buyers? | Department of Defense (62%), NASA/Agencies (17%) |
| What are the key market growth drivers? | Rising Defense Expenditure: In 2025; Advancements in Hypersonic Technology: US initiatives to maintain technological edge have led to robust investments in hypersonic missile programs |
| What are the major market challenges? | Supply Chain Disruptions: Global supply chain turbulence post-pandemic and due to geopolitical events is impacting component availability and timelines; High R&D Costs: Substantial capital investment required for developing next-gen systems strains mid-size and new entrants |
| What is the forecast period? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| 2026–2035 |
| Who are the key market players? | Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corporation, Boeing Company, General Dynamics Corporation, BAE Systems plc, Aerojet Rocketdyne Holdings Inc., L3Harris Technologies Inc., Northrop Grumman Innovation Systems, Thales Group, Rafael Advanced Defense Systems Ltd., MBDA Inc., Leonardo S.p.A, Saab AB, Kongsberg Gruppen ASA |
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