Rocket and Missile Market: What are the factors affecting the Market?

One of the prominent factors supporting the growth of this market in North America is the consistently high levels of military spending in the US. This coupled with the rapid adoption of advanced military technologies in the US and Canada will aid the region command the rocket and missile market share in the foreseeable future. In 2019, the region's market size was at USD 15.03 billion. The global rocket and missile market size is projected to reach USD 71.79 billion by 2027, exhibiting a CAGR of 4.52% during the forecast period.

The rocket and missile market growth are likely to get hampered throughout 2020 by the outbreak of the COVID-19 contagion.The pandemic has led to unforeseen shocks to supply chains worldwide, crippling defense manufacturing activities around the globe.

List of Companies Profiled in the Rocket and Missile Market Report:

Thales Group (France)
ROKETSAN AS (Turkey)
Rafael Advanced Defense Systems Ltd. (Israel)
MESKO (Poland)
Lockheed Martin Corporation (The US)
General Dynamics Corporation (The US)
Saab AB (Sweden)
Raytheon Technologies Corporation (The US)
Nammo AS (Norway)
MBDA (France)
KONGSBERG (Norway)
Denel Dynamics (South Africa)

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