The global rocket and missile market size was valued at USD 59.21 billion in 2021 and is projected to grow from USD 61.96 billion in 2022 to USD 84.77 billion by 2029, exhibiting a CAGR of 4.58% during the forecast period. The ongoing war between Russia and Ukraine has been unprecedented and staggering, with rockets and missiles experiencing higher-than-anticipated demand across all regions. Rockets and missiles are both vehicles that use propulsion to travel through the air or space, but they serve different purposes and have distinct characteristics.

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