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 rocket and missile market is a dynamic and technologically advanced sector within the broader defense industry. Rockets and missiles are crucial components of modern military arsenals, serving various purposes such as strategic deterrence, tactical operations, and air defense. The market is driven by geopolitical tensions, military modernization efforts, and advancements in technology.

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