A cruise missile is a guided missile used against terrestrial targets that remains in the atmosphere and flies the major portion of its flight path at approximately constant speed. Cruise missiles are designed to deliver a large warhead over long distances with high precision. Modern cruise missiles are capable of travelling at supersonic or high subsonic speeds, are self-navigating, and are able to fly on a non-ballistic, extremely low-altitude trajectory.
North America has the largest global export quantity and manufacturers in Cruise Missile market, while the Russia is the second sales volume market for Cruise Missile in 2018. Cruise Missile is a high-end weaponry. Many countries restrict exports. For example, the United States restricts the export of Tomahawk Cruise Missile and is currently sold only to the UK.In the industry, Lockheed Martin profits most in 2018 and recent years, while Tactical Missiles Corporation and Raytheon ranked 2 and 3.The market share of them is 33.90%, 29.06% and 18.01% in 2018.The gap of market share is keep on enlarged due to different strategy. The reason for the smaller share of Raytheon is that the US government has reduced its purchases of Tomahawk Cruise Missile in recent years.Nowadays, there are three mainly types of Cruise Missile, including Air-launched Cruise Missile, Land Attack Cruise Missile and Others. And Air-launched Cruise Missile is the main type for Cruise Missile, and the Air-launched Cruise Missile reached a sales volume of approximately 745 Unit in 2018, with 61.77% of global sales volume.
The Cruise Missile market was valued at 1302.2 Million US$ in 2018 and is projected to reach 2145.3 Million US$ by 2025, at a CAGR of 7.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Cruise Missile.
This report presents the worldwide Cruise Missile market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter\'s Five Forces Analysis.
The following manufacturers are covered in this report:
Tactical Missiles Corporation
Cruise Missile Breakdown Data by Type
Air-launched Cruise Missile
Land Attack Cruise Missile
In 2018, Air-launched Cruise Missile accounted for a major share of 61.77% the global Cruise Missile market. And this product segment is poised to reach 1824 Units by 2025 from 745 Units in 2018.
Cruise Missile Breakdown Data by Application
In Cruise Missile market, the Homeland Security holds an important share in terms of application，and it is expected to reach a volume of 2573 (Units) by 2025, at a CAGR of 12.59% during 2019 and 2025.
Cruise Missile Production by Region
Cruise Missile Consumption by Region
Central & South America
Middle East & Africa
The study objectives are:
To analyze and research the global Cruise Missile status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Cruise Missile manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Cruise Missile :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Cruise Missile market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.