Cruise Missiles Market Forecast 2030 with Charts, Data Visuals and Insights

Jackson Harris
4 days ago
4 min read

Future of Cruise Missiles Market: Key Dynamics, Size & Share Analysis

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. China, India, and the United States have all raised their defense budgets dramatically. The Financial Year 2025 Defense Appropriations Act allocates USD 851.7 billion to address global threats, support service members, and strengthen the defense industrial base in the United States. The increase in funding is a result of the increased need for long-range precision strike capabilities which are crucial for contemporary combat.

Top Challenges Impacting the Cruise Missiles Market Growth

High Development and Operational Costs Limiting Deployment – The extensive use of cruise missiles is severely hampered by their high development and operating costs. Research materials and technology must be heavily invested to design and manufacture sophisticated systems like; stealth and hypersonic missiles. For example, the U.S. development costs for a single Long-Range Standoff cruise missile are projected to exceed USD 10 billion indicating the strain on defense budgets.

Understanding the Core Segments in the Cruise Missiles Market

Cruise Missiles Market Size, Share & Industry Trends Analysis- 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.

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Geographical Analysis of the Cruise Missiles Market

North America
South America
Europe
The Middle East and Africa
Asia-Pacific

North America commands a 40% share of the Global Cruise Missile Market due to significant investments in advanced defense technologies and a robust military infrastructure.

Who Dominates the Cruise Missiles Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

Lockheed Martin Corporation
The Boeing Company
DRDO
Avibras Indstria 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.

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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.

MarkNtel Advisors is a globally recognized 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. Our studies provide global, regional, and country-level intelligence, helping clients assess modernization programs, procurement dynamics, and emerging defense technologies. Built on rigorous primary research, data modeling, and trend calibration, our insights empower stakeholders to anticipate technological shifts and evaluate long-term capability investments. Clients rely on our intelligence for competitive benchmarking, market entry, and defense readiness planning across 80+ countries. Through our Consulting Services, we translate complex data into strategic roadmaps—enabling defense contractors, policymakers, and OEMs to strengthen operational resilience and maintain a strategic edge in evolving defense ecosystems.