According to Fortune Business Insights™, the global rocket and missile market size is projected to reach USD 84.77 billion by 2029, growing at a CAGR of 4.58% during the forecast period. The market expansion is primarily driven by the increasing adoption of 3D printing technology in the production of advanced weapon systems, enabling faster prototyping and cost-efficient manufacturing of rockets and missiles for both military and space applications.
The integration of additive manufacturing techniques has transformed the aerospace and defense sectors. Governments and private defense manufacturers are leveraging 3D printing to design and engineer rockets and missiles with complex geometries. For instance, Lockheed Martin announced plans to develop the U.S.’s next-generation intercontinental ballistic missiles (ICBMs) using 3D printing. Similarly, NASA and SpaceX are exploring additive manufacturing for rocket engines, further driving market growth.
The report profiles several prominent players, including:
https://www.fortunebusinessinsights.com/industry-reports/rocket-and-missiles-market-101822