The fortifying progress of market players and manufacturers pushes the Cruise Missiles industry toward exponential growth and development. The industry is witnessing a huge upsurge in growth owing to the increased geopolitical tension. In addition to this, the Middle East and Asia-Pacific are driving growth in the global defense markets. The region’s growth is motivated by worries about regional security, especially in nations like Saudi Arabia and Japan, making significant investments in missile technologies to strengthen their strategic defense capabilities. A leading market research company Markntel Advisors published a report description titled “Global Cruise Missiles Market Research Report: By Launch Type (Air, Surface Combatants, Submarine, Land), By Range (Short-Range Missiles, Medium-Range Missiles, Long-Range Missiles), By Speed (Subsonic, Supersonic, Hypersonic) and others Forecast (2025-2030)”. According to the report, the cruise missiles global market size was valued at around USD 4.5 billion in 2024 and is projected to reach USD 5.9 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2025-30.
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Established in 1995, the headquarters is in Bethesda, Maryland, United States
The Lockheed Martin Corporation is an American defense and aerospace manufacturer with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland. Lockheed Martin employs approximately 115,000 employees worldwide, including about 60,000 engineers and scientists. Lockheed Martin is one of the largest companies in the aerospace, military support, security, and technologies industry.
Established in 1916, headquarters is in Crystal City, Virginia, U.S.
The Boeing Company, or simply Boeing is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is considered as the fourth-largest defense contractor in the world. The company is organized into three primary divisions: Boeing Commercial Airplanes (BCA), Boeing Defense, Space & Security (BDS), and Boeing Global Services (BGS).
Established in 1958, the headquarters is in DRDO Bhavan, New Delhi, India
The Defense Research and Development Organization (DRDO) is an agency under the Department of Defense Research and Development in the Ministry of Defense of the Government of India, charged with the military's research and development, headquartered in Delhi, India. With a network of 52 laboratories that are engaged in developing defense technologies covering various fields like aeronautics, armaments, electronics, land combat engineering, life sciences, materials, missiles, and naval systems, DRDO is India's largest and most diverse research organization.
Established in 1961, the headquarters is in São José dos Campos, Brazil
Avibrás Indústria Aeroespacial, based in Jacareí, São José dos Campos, Brazil, is a diversified Brazilian company that designs, develops, and manufactures defense products and services. Its range of products encompasses artillery and aircraft defense systems, rockets, and missiles such as air-to-ground and surface-to-surface weapon systems, including artillery rocket systems; 70 mm air-to-ground systems, and fiber optic multi-purpose guided missiles.
Established in 2001, the headquarters is in Le Plessis-Robinson, France
MBDA is a European multinational corporation specializing in the design, development, and manufacturing of missiles and related systems. Headquartered in Le Plessis-Robinson, France, the company was founded in December 2001 via the merger of three of the most prominent European missile systems companies: French Aérospatiale Matra Missiles, the Anglo-French Matra BAe Dynamics and the missile division of the Anglo-Italian Alenia Marconi Systems.
The blog comprises Global market players in the cruise missiles industry, with market product information. This blog entails details regarding the prominent factors behind the surging demand for futuristic growth and new opportunities that facilitate market development. Market players such as Lockheed Martin Corporation, The Boeing Company, DRDO, Avibras Industria 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, and Others leading companies, facilitate revolutionizing the global market and promoting a secure future for the cruise missiles market.