Markntel Advisors’ report, Cruise Missiles Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Cruise Missiles presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Cruise Missiles Market Research Report & Market Summary:
The Global Cruise Missiles Market size was valued at around USD 2.3 billion in 2024 and is projected to reach USD 3.4 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7% during the forecast period, i.e., 2025-30. Growing defense budgets and military modernization initiatives drive significant growth in the cruise missiles global market. China, India, and the United States have all raised their defense budgets dramatically. The Financial Year 2025 Defense Appropriations Act allocates USD 851.7 billion to address global threats, support service members, and strengthen the defense industrial base in the United States. The increase in funding is a result of the increased need for long-range precision strike capabilities which are crucial for contemporary combat.
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/cruise-missiles-market.html
Cruise Missiles Market Dynamics:
Key Driver-
Increased Geopolitical Tensions Driving Demand for Advanced Missiles – These days’ countries around the globe are prioritizing their defense capabilities as geopolitical tensions are rising and this has been fueling the demand for sophisticated weapons such as cruise missiles. Precision strike systems are in huge demand due to ongoing conflicts and territorial disputes, especially in areas like the South China Sea, Eastern Europe, and the Middle East. For instance, the ongoing Russia-Ukraine conflict has highlighted the importance of cruise missiles strategically especially in contemporary warfare. Russia has deployed more than 11,466 missiles from September 2022 to 2024.
Moreover, the U.S. is also getting aligned with worldwide trends of warfare. The U.S. Department of Defense spent 2023, more than USD 142 billion on the procurement of advanced war weapons including sophisticated cruise missile systems. Given the fact that cruise missiles provide precision long-range capabilities and strategic deterrence, thus these developments demonstrate the effect of geopolitical instability that drives up investments in these weapons worldwide.
Cruise Missiles Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Launch Type
- Air – Market Size & Forecast 2020-2030, (USD Million)
- Surface Combatants – Market Size & Forecast 2020-2030, (USD Million)
- Submarine – Market Size & Forecast 2020-2030, (USD Million)
- Land – Market Size & Forecast 2020-2030, (USD Million)
By Range
- Short-Range Missiles – Market Size & Forecast 2020-2030, (USD Million)
- Medium-Range Missiles – Market Size & Forecast 2020-2030, (USD Million)
- Long-Range Missiles – Market Size & Forecast 2020-2030, (USD Million)
Long-range missiles dominate the Global Cruise Missile Market with roughly 45% market share. These systems are preferred because of their strategic significance in contemporary defense providing the ability to precisely strike valuable targets over great distances. Missiles with a long range like;
By Speed
- Subsonic – Market Size & Forecast 2020-2030, (USD Million)
- Supersonic – Market Size & Forecast 2020-2030, (USD Million)
- Hypersonic – Market Size & Forecast 2020-2030, (USD Million)
Subsonic cruise missiles command a market share of roughly 50% worldwide because of their widespread deployment, cost-effectiveness, and demonstrated dependability.
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
North America commands a 40% share of the Global Cruise Missile Market due to significant investments in advanced defense technologies and a robust military infrastructure.
As indicated in the latest market research report published by Markntel Advisors, “Cruise Missiles Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Cruise Missiles industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/cruise-missiles-market.html
Top Companies Operating in the Cruise Missiles Market:
- Lockheed Martin Corporation
- The Boeing Company
- DRDO
- Avibras Indstria Aeroespacial S/A
- MBDA Inc.
- RTX Corporation
- Raytheon Technologies Corporation
- Tactical Missiles Corporation
- Kongsberg Gruppen ASA
- Roketsan Roket Sanayii ve Ticaret AS
- Bharat Dynamics Limited
- China Aerospace Science and Technology Corporation
- Aerojet Rocketdyne Inc.
- NORINCO
- Denel Dynamics
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Cruise Missiles Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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