Rocket and missile market to reach $91.76 billion by 2030

The global rocket and missile market is projected to grow from $68.26 billion in 2025 to $72.99 billion in 2026, then climb to $91.76 billion by 2030, driven by higher defense spending, hypersonic weapons investment and modular missile design. North America held the largest share in 2025, while the market report flags precision guidance, lightweight materials and electronic countermeasures as key trends.

Why it matters: - Higher defense budgets are expanding demand for rocket and missile systems, propulsion components and related subsystems. - Growth in precision-guided weapons, hypersonic technology and modular architectures is reshaping how militaries buy and build missile platforms. - The market also reflects broader use cases, including scientific exploration and payload delivery, not just weapons deployment.

What happened: - The rocket and missile market is projected to rise from $68.26 billion in 2025 to $72.99 billion in 2026. - The forecast implies a 6.9% compound annual growth rate in 2026. - The market is expected to reach $91.76 billion by 2030, with a 5.9% CAGR over the forecast period. - The Business Research Company released a market report covering rocket and missile trends, size, regional dynamics and growth drivers. - North America held the largest market share in 2025.

The details: - Increased military procurement has supported demand for offensive and defensive rocket and missile capabilities. - Advances in rocket motors and propulsion systems have improved range and performance. - Guided missile deployments have increased demand for advanced control actuator components. - Defense modernization programs have lifted demand for subsystems such as gas generators and pumps. - Precision-guided missiles are gaining traction because of improved targeting accuracy. - Hypersonic weapons investment is increasing demand for advanced propulsion systems. - Modular missile architectures are becoming more common because they can speed production and simplify customization. - Lightweight materials are helping improve missile speed and maneuverability. - The report highlights miniaturized guidance and actuator systems, dual-use missile capabilities, subsystem modularization, indigenous propulsion and solid motor programs, and stronger electronic countermeasures and decoys as notable trends. - The report says global security concerns continue to support procurement of multi-role rockets and missiles. - The market report also covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa. - The report includes market attractiveness scoring, TAM analysis, company scoring matrices, Excel forecasting dashboards, market hotspot infographics, key technologies and future trend analysis, plus updated graphics and tables.

Between the lines: - The market’s growth is being driven by a mix of near-term defense spending and longer-term technology shifts. - Modular design and subsystem miniaturization point to an industry that is trying to cut production time while increasing performance and customization. - The emphasis on ECM, decoys and survivability suggests missile makers are responding to more advanced air-defense environments. - The UK’s defense spending outlook illustrates the kind of budget growth supporting this market, with the House of Commons Library projecting spending to reach USD 83.3 billion in 2025/26 and USD 98.2 billion by 2028/29.

What’s next: - Continued investment in hypersonic propulsion, precision guidance and solid motor manufacturing is likely to remain a central theme. - The report points to more indigenous production programs as governments seek supply-chain control and strategic autonomy. - Further demand is likely if defense budgets keep rising and militaries continue replacing older systems with more flexible platforms.

The bottom line: - The rocket and missile market is moving from broad defense expansion to a technology race centered on precision, speed, survivability and modular production. - More information is available in the full report and a free sample report.