U.S. Rockets and Missiles Market Size Worth $34,338.18 Million By 2032 | CAGR: 5.9%

The U.S. rockets and missiles market size is expected to reach USD 34,338.18 million by 2032, according to a new study by Polaris Market Research. The report “U.S. Rockets and Missiles Market Share, Size, Trends, Industry Analysis Report, By Speed (Subsonic, Supersonic, And Hypersonic); By Product; By Propulsion Type; By Launch Mode; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The U.S. rockets and missiles market represents a cornerstone of the nation's defense industry, boasting advanced technology and robust capabilities. This sector encompasses a wide array of products, including intercontinental ballistic missiles (ICBMs), surface-to-air missiles (SAMs), cruise missiles, and space launch vehicles. The market's prominence is driven by several key factors. Firstly, ongoing national security concerns and the need for defense preparedness fuel sustained demand for cutting-edge missile systems. The U.S. military's emphasis on maintaining technological superiority drives continuous innovation and modernization efforts within the industry.

Additionally, geopolitical tensions and evolving threat landscapes worldwide contribute to a steady demand for advanced missile defense systems and offensive capabilities. Furthermore, the U.S. government's substantial defense budget allocations provide critical funding for research, development, and procurement initiatives, fostering growth and competitiveness in the market.

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Moreover, the growing significance of space exploration and commercial ventures amplifies demand for space launch vehicles, with private companies like SpaceX and United Launch Alliance (ULA) playing pivotal roles. These companies benefit from government contracts, as well as commercial satellite launches, contributing to the vibrancy of the U.S. rockets and missiles market. Overall, driven by national security imperatives, technological innovation, geopolitical dynamics, and space exploration endeavors, the U.S. rockets and missiles market remains a vital component of the nation's defense industrial base, poised for continued growth and advancement.

U.S. Rockets and Missiles Report Highlights

• The cruise missiles segment dominated the market in 2023. The United States possesses a diverse arsenal of cruise missiles, exemplified by the Tomahawk and the AGM-158 Joint Air-to-Surface Standoff Missile (JASSM). Launchable from submarines, ships, and aircraft, these missiles provide the U.S. military with a flexible and potent strategic capability. Cruise missiles play a pivotal role in modern warfare by offering precision targeting and minimizing collateral damage. Throughout the various branches of the U.S. military, an extensive deployment of cruise missiles, including the subsonic, turbofan-powered AGM-129A, underscores their significant role in contemporary military operations.
• The Surface-to-Surface segment led the market in 2023 and is expected to maintain its dominance. These missiles can be launched from hand-held devices, fixed ground installations or vehicles, or ships. The propulsion system typically involves a rocket engine or, alternately, an explosive charge, suitable for platforms that are either stationary or moving at slow speeds. To ensure stability and lift, these missiles are equipped with wings or fins, although hyper-velocity or short-range missiles may utilize body lift or follow a ballistic trajectory.
• The U.S. key market players include Lockheed Martin, Frontier Electronic Systems, L3Harris Technologies, Raytheon, Northrop Grumman Corporation.

Polaris Market Research has segmented the U.S. Rockets and Missiles report based on speed, product, propulsion type, and launch mode:

U.S. Rockets and Missiles, Speed Outlook (Revenue - USD Million, 2019 - 2032)

• Subsonic
• Supersonic
• Hypersonic

U.S. Rockets and Missiles, Product Outlook (Revenue - USD Million, 2019 - 2032)

• Cruise Missiles
• Ballistic
• Rockets
• Torpedoes

U.S. Rockets and Missiles, Propulsion Type Outlook (Revenue - USD Million, 2019 - 2032)

• Solid
• Hybrid
• Turbojet
• Others

U.S. Rockets and Missiles, Launch Mode Outlook (Revenue - USD Million, 2019 - 2032)

• Surface to Surface
• Surface to Air
• Air to Air
• Air to Surface
• Subsea to Surface

U.S. Rockets and Missiles Market Report Scope