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    US Rockets Missiles Market

    ID: MRFR/A&D/17573-HCR
    100 Pages
    Garvit Vyas
    October 2025

    US Rockets and Missiles Market Research Report: By Application (Defense, Space Exploration, Commercial Launch Services, Scientific Research), By Type (Ballistic Missiles, Cruise Missiles, Space Launch Vehicles, Tactical Missiles), By Launch Mode (Vertical Launch, Horizontal Launch, Suborbital Launch) and By Technology (Solid Propellant, Liquid Propellant, Hybrid Propellant) - Forecast to 2035

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    US Rockets Missiles Market Infographic
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    US Rockets Missiles Market Summary

    The United States of America US Rockets and Missiles market is projected to grow from 16.5 USD Billion in 2024 to 24 USD Billion by 2035.

    Key Market Trends & Highlights

    US Rockets and Missiles Key Trends and Highlights

    • The market is expected to witness a compound annual growth rate (CAGR) of 3.46 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 24 USD Billion, reflecting a robust growth trajectory.
    • In 2024, the market is valued at 16.5 USD Billion, indicating a strong foundation for future expansion.
    • Growing adoption of advanced missile technologies due to increasing defense budgets is a major market driver.

    Market Size & Forecast

    2024 Market Size 16.5 (USD Billion)
    2035 Market Size 24 (USD Billion)
    CAGR (2025-2035) 3.46%

    Major Players

    Raytheon Technologies, Boeing, Lockheed Martin, General Dynamics, Virgin Galactic, L3Harris Technologies, Aerojet Rocketdyne, Saab, Rocket Lab, Northrop Grumman, Blue Origin, Orbital Sciences Corporation, Hewlett Packard Enterprise, SpaceX

    US Rockets Missiles Market Trends

    The US Rockets and Missiles Market is experiencing significant growth driven by various key market drivers. One major factor is the increasing defense budget allocated by the US government, which aims to enhance military capabilities in response to evolving global threats. This uptick in funding allows for advancements in technology, driving the development of more sophisticated missile systems. Moreover, the US Department of Defense is focusing on modernization initiatives that prioritize upgrading existing missile systems and developing next-generation technologies, significantly influencing market dynamics.

    Opportunities in the market are also emerging as private companies collaborate with the government to develop innovative solutions in conjunction with traditional defense contractors.The growing number of public-private partnerships is fostering an environment where cutting-edge technologies, such as hypersonic missiles and advanced targeting systems, can be rapidly developed and deployed. The interest in missile defense systems continues to rise, particularly given the geopolitical tensions that may necessitate enhanced defensive capabilities. Trends in recent times indicate a shift towards integrating advanced technologies such as artificial intelligence and machine learning into missile systems, improving accuracy and reliability while reducing operational costs.

    Additionally, there is an increased emphasis on counter-unmanned aerial systems (C-UAS) and directed energy weapons, reflecting the changing landscape of warfare.Cybersecurity measures are also becoming a focal point, as ensuring the security of missile systems against cyber threats is paramount in maintaining operational integrity. Overall, the US Rockets and Missiles Market is poised for growth, with emerging technologies and strategic collaborations shaping its future.

    Market Segment Insights

    Rockets and Missiles Market Application Insights

    Rockets and Missiles Market Application Insights

    The US Rockets and Missiles Market, focused on various applications, encompasses critical areas such as Defense, Space Exploration, Commercial Launch Services, and Scientific Research, contributing significantly to the overall growth and innovation within the industry. In the realm of Defense, investments in advanced missile systems and rocket technologies play a vital role in national security, ensuring the US maintains a strategic advantage globally.

    The increasing geopolitical tensions and the emphasis on modernizing military capabilities drive this segment, where both government and private entities are seeking cutting-edge solutions to enhance defense mechanisms.Space Exploration is another pivotal application, as it fuels ambitions for interplanetary missions and satellite deployment, supported by governmental initiatives and partnerships with private space firms. With the growing interest in Mars and beyond, this sector is not only vital for national pride and scientific accomplishment but also opens new markets for technological advancements and satellite communications.

    The Commercial Launch Services segment represents a booming area due to the rising demand for satellite launches and space tourism.Increased participation from private companies has rapidly transformed this field, making it more accessible and cost-efficient for various stakeholders. Lastly, Scientific Research applications leverage rocket and missile technology for academic and government research, providing essential data for Earth sciences, climate monitoring, and atmospheric studies.

    As the US continues to invest in technology and infrastructure across these application areas, the market dynamics reflect a growing trend towards collaboration between government and private sectors, fostering innovation and opening pathways for advancements that benefit both military and civilian domains.Collectively, these segments highlight the multifaceted nature of the US Rockets and Missiles Market, where robust technological development and strategic investments are indispensable for maintaining leadership and addressing emerging challenges in both domestic and global contexts.

    Rockets and Missiles Market Type Insights

    Rockets and Missiles Market Type Insights

    The US Rockets and Missiles Market is divided into various types, each serving distinct purposes and holding significant importance in defense and aerospace sectors. Ballistic missiles remain crucial due to their strategic capabilities in defense and deterrence strategies, often viewed as key instruments in national security. Cruise missiles, known for their precision strike capabilities, dominate in modern military operations and are increasingly integrated with advanced guidance technologies, enhancing their effectiveness.

    Space launch vehicles play a significant role, supporting both military and commercial space missions, signifying the growing intersection of defense and space industries in the United States.Tactical missiles are vital for battlefield scenarios, offering quick response options and precision strikes, thus ensuring operational flexibility. This diverse segmentation reflects the multifaceted nature of the US Rockets and Missiles Market, driven by technological advancements, rising geopolitical tensions, and the need for enhanced defense systems, highlighting the opportunities and challenges within each segment as they adapt to evolving threats and innovations in warfare.

    Rockets and Missiles Market Launch Mode Insights

    Rockets and Missiles Market Launch Mode Insights

    The Launch Mode segment of the US Rockets and Missiles Market plays a crucial role in the overall functionality and efficiency of defense and aerospace operations. This segment primarily comprises three distinct types: Vertical Launch, Horizontal Launch, and Suborbital Launch, each serving unique purposes and applications. Vertical Launch systems, often preferred for their rapid deployment capabilities, are vital for naval applications due to their compact design and effective use of space, allowing for easy integration on defense vessels.

    Horizontal Launch systems, on the other hand, provide flexibility in operational deployment, making them suitable for various platforms, including ground-based and aerial delivery systems.Meanwhile, Suborbital Launch systems are essential for testing new technologies and conducting scientific research, providing a cost-effective means to access space without the complexities of orbital mechanics. The increasing demand for advanced military capabilities, driven by geopolitical tensions and the need for research and development in aerospace technology, highlights the significance of these launching methods in enhancing the operational readiness of the US defense system.

    Furthermore, the emphasis on developing next-generation missile systems indicates robust growth potential within the Launch Mode segment of the US Rockets and Missiles Market.

    Rockets and Missiles Market Technology Insights

    Rockets and Missiles Market Technology Insights

    The Technology segment of the US Rockets and Missiles Market plays a crucial role in shaping the capabilities and advancements within this industry. The market is characterized by three key types of propulsion systems: Solid Propellant, Liquid Propellant, and Hybrid Propellant. Solid Propellant technology is known for its simplicity and reliability, making it essential for military applications and space launch vehicles.

    Liquid Propellant, on the other hand, offers high performance and adjustable thrust, making it more suitable for missions requiring precise control.Hybrid Propellant combines elements of both, providing flexibility and efficiency, which has garnered interest for various applications including commercial spaceflight. Each of these propulsion types contributes significantly to the US Rockets and Missiles Market segmentation, catering to diverse operational needs and technological advancements.

    The demand for enhanced performance, coupled with government investment in defense and aerospace initiatives, continues to drive growth within the Technology segment, presenting opportunities for innovation amidst evolving challenges in national security and military operations.Overall, advancements in propulsion technologies are essential for maintaining the operational readiness and effectiveness of US defense capabilities, aligning with the broader national strategy for security and exploration.

    Get more detailed insights about US Rockets Missiles Market Research Report Forecast till 2034

    Key Players and Competitive Insights

    The US Rockets and Missiles Market is characterized by a high level of competition among leading defense contractors, driven by technological advancements, increased defense budgets, and a growing focus on national security. As ongoing geopolitical tensions continue to escalate, military contracts for missiles and rockets are multiplying, creating opportunities for both established and emerging players in this arena. The market dynamics are influenced by rapid innovations, robust research and development efforts, and collaborations with governmental defense agencies, all aiming to provide state-of-the-art missile systems and solutions capable of addressing current and future threats.

    Each company seeks to establish a strong foothold not only through product development but also through strategic alliances and agility in responding to changing market needs.Raytheon Technologies stands at the forefront of the US Rockets and Missiles Market, leveraging its extensive expertise in missile technology and systems. One of its primary strengths is its advanced engineering capabilities, which facilitate the development of cutting-edge missile systems like air-to-air, air-to-ground, and naval strike capabilities. Raytheon Technologies focuses on innovation and operational excellence, boasting a solid reputation in the defense sector.

    The company's commitment to research and development allows it to consistently bring high-performance solutions to the market, enhancing strategic operations for military forces. 

    Furthermore, Raytheon Technologies benefits from a robust supply chain and a strong portfolio of proprietary technologies, which enhance its competitive positioning and market presence in the U.S. defense landscape.Boeing holds a significant position in the US Rockets and Missiles Market, known for its wide-ranging expertise in aerospace and defense. The company's offerings include various missile systems, satellite technologies, and advanced strike weapons that cater to the U.S. military's needs. Boeing's strengths lie in its innovation-driven approach, leading-edge technologies, and ability to integrate complex systems, delivering comprehensive solutions for air and missile defense.

    The company's significant investment in research and development ensures that it remains competitive and responsive to the evolving requirements of defense strategies. Additionally, Boeing has pursued strategic mergers and acquisitions, bolstering its product portfolio and capabilities within the market. This proactive approach further solidifies Boeing's role as a key player while enhancing operational efficiencies and fostering collaboration with other defense entities in the U.S. region.

    Key Companies in the US Rockets Missiles Market market include

    Industry Developments

    The US Rockets and Missiles Market has witnessed significant developments recently, with increased demand for advanced defense systems. In September 2023, Lockheed Martin announced a contract with the US military for the production of advanced missile systems, enhancing its market position. Raytheon Technologies is also making strides by collaborating with the US government on next-gen missile defense systems. In terms of mergers, Aerojet Rocketdyne was acquired by L3Harris Technologies in June 2023, consolidating their capabilities in propulsion systems. The growth in the valuation of companies like Northrop Grumman reflects a broader trend of heightened defense spending, particularly amid geopolitical tensions.

    Additionally, SpaceX's successful launch of the Starship in May 2023 represents advancements in space launch capabilities, impacting the rockets segment. The overall market is benefiting from increased federal budgets for defense, highlighted by proposed spending of over $800 billion for the fiscal year 2024, which further supports modernization and innovation efforts among prominent players like Boeing and General Dynamics.

    Market Segmentation

    Outlook

    • Solid Propellant
    • Liquid Propellant
    • Hybrid Propellant

    Report Scope

    Report Scope:
    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 15.49(USD Billion)
    MARKET SIZE 2024 16.5(USD Billion)
    MARKET SIZE 2035 24.0(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 3.465% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Raytheon Technologies, Boeing, Lockheed Martin, General Dynamics, Virgin Galactic, L3Harris Technologies, Aerojet Rocketdyne, Saab, Rocket Lab, Northrop Grumman, Blue Origin, Orbital Sciences Corporation, Hewlett Packard Enterprise, SpaceX
    SEGMENTS COVERED Application, Type, Launch Mode, Technology
    KEY MARKET OPPORTUNITIES Increased defense budget allocations, Growing demand for advanced missile systems, Expansion of space launch capabilities, Rising geopolitical tensions and threats, Investment in hypersonic technology development
    KEY MARKET DYNAMICS technological advancements, increasing defense budgets, geopolitical tensions, modernization programs, growing military investments
    COUNTRIES COVERED US

    FAQs

    What is the expected market size of the US Rockets and Missiles Market in 2024?

    The US Rockets and Missiles Market is expected to be valued at 16.5 USD Billion in 2024.

    What is the projected market value for the US Rockets and Missiles Market by 2035?

    By 2035, the market is projected to reach a value of 24.0 USD Billion.

    What is the expected compound annual growth rate (CAGR) for the US Rockets and Missiles Market from 2025 to 2035?

    The market is expected to grow at a CAGR of 3.465% from 2025 to 2035.

    What is the market size for the Defense application segment in 2024?

    The Defense application segment is valued at 8.25 USD Billion in 2024.

    How much is the Space Exploration application segment expected to be worth in 2035?

    The Space Exploration application segment is expected to reach 6.5 USD Billion in 2035.

    Which companies are considered key players in the US Rockets and Missiles Market?

    Key players in the market include Raytheon Technologies, Boeing, Lockheed Martin, and Northrop Grumman among others.

    What is the projected market size for Commercial Launch Services in 2024?

    The Commercial Launch Services segment is anticipated to be valued at 2.75 USD Billion in 2024.

    What challenges does the US Rockets and Missiles Market face in the coming years?

    Challenges in the market may include geopolitical tensions and increasing competition among key players.

    What growth opportunities exist in the scientific research application of the market?

    The Scientific Research segment is projected to increase in value from 1.0 USD Billion in 2024 to 2.0 USD Billion in 2035.

    How is the current global scenario affecting the growth of the US Rockets and Missiles Market?

    The current global scenario is likely to drive increased investments in defense and space exploration sectors, positively influencing market growth.

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