MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Cruise Missiles Market Research Report Forecast: (2025-2030). This report provides a detailed assessment of the Cruise Missiles Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
Market Timeline Overview
- Historical Years: 2020–23
- Base Year: 2024
- Forecast Years: 2025–30
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
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Cruise Missiles Market Outlook
According to the report, The Global Cruise Missiles Market size was valued at around USD 2.3 billion in 2024 and is projected to reach USD 3.4 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7% during the forecast period, i.e., 2025-30. Growing defense budgets and military modernization initiatives drive significant growth in the cruise missiles global market.
The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.
Cruise Missiles Market Drivers:
Increased Geopolitical Tensions Driving Demand for Advanced Missiles – These days’ countries around the globe are prioritizing their defense capabilities as geopolitical tensions are rising and this has been fueling the demand for sophisticated weapons such as cruise missiles. Precision strike systems are in huge demand due to ongoing conflicts and territorial disputes, especially in areas like the South China Sea, Eastern Europe, and the Middle East. For instance, the ongoing Russia-Ukraine conflict has highlighted the importance of cruise missiles strategically especially in contemporary warfare. Russia has deployed more than 11,466 missiles from September 2022 to 2024.
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Cruise Missiles Market Trends:
Shift Towards Autonomous & AI-Enabled Missile Systems – Modern warfare demands more precision and operational efficiency which is driving a shift toward autonomous and AI-enabled systems in the Global Cruise Missile Market. These cutting-edge systems greatly increase mission success rates by utilizing artificial intelligence for target identification route optimization and real-time decision-making. The Department of Defense in the U.S. prioritized this trend by allocating more than USD 1 billion to the integration of AI capabilities into missile systems. Additionally, autonomous capabilities lessen the need for human intervention enabling faster reaction times and lowering employee risks. To further maintain some strategic edge countries like China and Russia are making significant investments in AI-powered hypersonic missiles. Because of the way that technology is changing the cruise missile market, defense agencies around the world are placing a high priority on integrating AI.
Cruise Missiles Market Segmentation
The study categorizes the Cruise Missiles Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
By Launch Type
- Air
- Surface Combatants
- Submarine
- Land
By Range
- Short-Range Missiles
- Medium-Range Missiles
- Long-Range Missiles
By Speed
- Subsonic
- Supersonic
- Hypersonic
Geographical Analysis
The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Talk to Our Industry Analyst: https://www.marknteladvisors.com/query/talk-to-our-consultant/cruise-missiles-market.html Get personalized insights into company strategies and regional market dynamics.)
Leading Companies in Cruise Missiles Market Worldwide: Players, Analysis & Future Outlook
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 are the top companies in the Cruise Missiles Market.
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
- Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/cruise-missiles-market.html
Frequently Asked Questions (FAQ)
- What is the projected growth rate of the Cruise Missiles Market?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the Cruise Missiles Market?
4. Who are the prominent players in the Cruise Missiles Market?
5. How is the competition structured in this market?
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About Us
MarkNtel Advisors is a trusted market research and consulting firm with deep expertise in the aerospace and defense industry, covering space exploration, aircraft equipment, armed vehicles, avionics, and security & surveillance technologies. With a global presence across 80+ markets, we empower OEMs, defense contractors, and policymakers with actionable insights on modernization programs and technological innovation. Through our Consulting Services, we translate data into strategies that strengthen competitiveness, ensure operational readiness, and support informed decision-making within rapidly evolving global defense ecosystems.
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