アジア太平洋(APAC)ミサイル市場 – 2030年までの地域予測

Asia Pacific (APAC) Missile Market - Regional Forecast to 2030

アジア太平洋(APAC)ミサイル市場 - ミサイルタイプ (巡航ミサイル、弾道ミサイル、迎撃ミサイル、対戦車ミサイル、対艦ミサイル、潜水艦発射ミサイル)、コンポーネント(機体、誘導装置、航法装置、制御装置、推進装置、弾頭、バッテリー)、速度、エンドユーザー - 2030年までの地域予測
Asia-Pacific (APAC) Missile Market by (Cruise, Ballistic, Interceptors, Anti-Tank, Anti-Ship, Submarine Launched Missiles), Component (Airframe, Guidance, Navigation, Control, Propulsion, Warhead, Battery), Speed, End User - Regional Forecast to 2030

商品番号 : SMB-80101

出版社MarketsandMarkets
出版年月2025年6月
ページ数217
図表数210
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本調査レポートは、アジア太平洋(APAC)ミサイル市場を、種類(地対地、地対空、空対空、空対地、海底対地)、構成部品(ミサイル機体、誘導・航法・管制、推進システム、弾頭部、電源)、速度(亜音速、超音速、極超音速)、エンドユーザー(陸軍、海軍、空軍)に基づいて分類しています。これらのセグメントは、インド、日本、韓国、オーストラリア、台湾、シンガポール、インドネシア、ベトナム、その他アジア太平洋地域の主要地域にマッピングされています。本レポートは、アジア太平洋(APAC)ミサイル市場の成長に影響を与える推進要因、制約要因、課題、機会などの主要要因に関する詳細な情報を網羅しています。主要業界プレーヤーの詳細な分析により、この市場における各社の事業概要、ソリューションとサービス、主要戦略、契約、合弁事業、パートナーシップと合意、買収、製品発売に関する洞察が得られています。このレポートには、アジア太平洋 (APAC) ミサイル市場エコシステムにおける今後の新興企業の競合分析が含まれています。

The Asia-Pacific (APAC) missile market is estimated to be USD 3.69 billion in 2025. It is projected to reach USD 6.26 billion by 2030 at a CAGR of 11.1%. Rising geopolitical friction across Asia Pacific has compelled regional governments to overhaul their missile inventories and bolster layered air and maritime defenses against advanced threats. India and South Korea are expanding their domestic manufacturing capabilities—integrating indigenously developed seeker heads and propulsion units into home-grown missile platforms to reduce reliance on external suppliers. Concurrently, strategic alliances with top European and American defense firms accelerate technology transfer, enabling local manufacturers to shorten development cycles and rapidly field state-of-the-art precision-strike systems.

アジア太平洋(APAC)地域のミサイル市場は、2025年には36億9,000万米ドルに達すると推定されています。2030年には年平均成長率(CAGR)11.1%で62億6,000万米ドルに達すると予測されています。アジア太平洋地域における地政学的摩擦の高まりにより、地域政府はミサイル保有体制の見直しと、高度な脅威に対する多層的な航空防衛および海上防衛の強化を迫られています。インドと韓国は、自国で開発されたシーカーヘッドと推進ユニットを国産ミサイルプラットフォームに統合することで、外部サプライヤーへの依存を低減し、国内製造能力の拡大を図っています。同時に、欧米の主要防衛企業との戦略的提携により技術移転が加速し、現地メーカーは開発サイクルを短縮し、最先端の精密攻撃システムを迅速に配備することが可能になっています。

アジア太平洋(APAC)ミサイル市場 - 2030年までの地域予測
asia-pacific-apac-missile-market

“The supersonic segment is projected to lead the market during the forecast period”

By speed, the supersonic segment is projected to command the largest share of the market because supersonic missiles strike an optimal balance between cost, range, and survivability. They operate at Mach 1–Mach 5 speed—from coastal defense to medium-range strike—without the complexity and expense of hypersonic technology. Moreover, established production lines in India, South Korea, and Japan keep the unit costs of these missiles competitive. At the same time, propulsion subsystems ensure rapid fielding and interoperability with existing air‐ and naval-defense networks. This combination of affordability, maturity, and tactical flexibility has driven widespread procurement of supersonic systems across the region.

“The navy segment is estimated to account for the largest share in 2025”

Naval forces dominate Asia Pacific missile procurement because the region’s vital sea lanes, offshore resources, and island chains demand robust maritime strike and defense capabilities. Coastal states—from China and India to Australia and Indonesia—invest heavily in ship-launched anti-ship, land-attack, and anti-air missiles to protect trade routes, deter naval incursions, and secure exclusive economic zones. Moreover, modern surface combatants and submarines increasingly rely on versatile missile systems for offensive reach and layered air defense, driving up volumes and spurring economies of scale in naval-specific production lines. This convergence of strategic necessity, fleet modernization, and high-volume requirements has driven the growth of the navy segment in the Asia-Pacific (APAC) missile market, by end user.

“India is projected to be the dominant player in the Asia-Pacific (APAC) missile market during the forecast period”

India’s ascent as an Asia-Pacific (APAC) missile market powerhouse rests on its sustained investment in indigenous R&D, a burgeoning private-sector manufacturing ecosystem, and an ambitious export agenda. Backed by one of the region’s fastest-growing defense budgets, India has fielded a family of home-grown systems—from the Akash surface-to-air missile to the BrahMos-II scramjet cruise missile—while forging technology partnerships with global leaders to bridge capability gaps. Initiatives like “Project Kusha” and the upcoming hypersonics corridor underscore India’s drive for self-reliance, even as its skilled supply chain and competitive cost structure position it to win contracts across Southeast Asia and beyond. This combination of technical depth, production scale, and export-ready solutions makes India uniquely qualified to lead growth in the Asia-Pacific (APAC) missile market.

The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type: Tier 1–49%; Tier 2–37%; and Tier 3–14%
  • By Designation: C Level Executives–55%; Directors–27%; and Others–18%

RTX Corporation (US), Mitsubishi Heavy Industries Ltd. (Japan), LIG Nex1 (South Korea), MBDA (France), and Bharat Dynamics Limited (India) are some of the leading players operating in the Asia-Pacific (APAC) missile market.

アジア太平洋(APAC)ミサイル市場 - 2030年までの地域予測 ecosystem
asia-pacific-apac-missile-market-ecosystem

Research Coverage

This research report categorizes the Asia-Pacific (APAC) missile market based on type (surface-to-surface, surface-to-air, air-to-air, air-to-surface, subsea-to-surface), component (missile airframe; guidance, navigation & control; propulsion system; warhead section, power supply), speed (subsonic, supersonic and hypersonic), end user (Army, Navy, Airforce). These segments have been mapped across major regions: India, Japan, South Korea, Australia, Taiwan, Singapore, Indonesia, Vietnam, and the Rest of Asia Pacific. The report’s scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Asia-Pacific (APAC) missile market. A detailed analysis of the key industry players has provided insights into their business overviews, solutions & services, key strategies, contracts, joint ventures, partnerships & agreements, acquisitions, and product launches in this market. The report includes a competitive analysis of upcoming startups in the Asia-Pacific (APAC) missile market ecosystem.

Key Benefits of Buying this Report

This report will help market leaders/entrants with information on the closest approximations of the revenue numbers for the Asia-Pacific (APAC) missile market and its subsegments. It covers the entire market ecosystem and is expected to help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on missiles offered by top players
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches
  • Market Development: Comprehensive information about lucrative markets across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Asia-Pacific (APAC) missile market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the Asia-Pacific (APAC) missile market

Table of Contents

1               INTRODUCTION              22

1.1           STUDY OBJECTIVES       22

1.2           MARKET DEFINITION   22

1.3           STUDY SCOPE   23

1.3.1        MARKETS COVERED       23

1.3.2        INCLUSIONS & EXCLUSIONS       24

1.3.3        YEARS CONSIDERED      24

1.3.4        CURRENCY CONSIDERED            25

1.4           STAKEHOLDERS               25

2               RESEARCH METHODOLOGY       26

2.1           RESEARCH DATA              26

2.1.1        SECONDARY DATA          27

2.1.1.1    Secondary sources                27

2.1.1.2    Key data from secondary sources       28

2.1.2        PRIMARY DATA 28

2.1.2.1    Primary sources    28

2.1.2.2    Breakdown of primary interviews      29

2.1.2.3    Insights from industry experts            29

2.2           FACTOR ANALYSIS          29

2.2.1        INTRODUCTION              29

2.2.2        DEMAND-SIDE INDICATORS      30

2.2.3        SUPPLY-SIDE INDICATORS          30

2.3           MARKET SIZE ESTIMATION         30

2.3.1        BOTTOM-UP APPROACH              31

2.3.2        TOP-DOWN APPROACH                32

2.4           DATA TRIANGULATION                33

2.5           RESEARCH ASSUMPTIONS           34

2.6           RESEARCH LIMITATIONS AND RISK ASSESSMENT                 34

3               EXECUTIVE SUMMARY  35

4               PREMIUM INSIGHTS       38

4.1           APAC MISSILE MARKET, BY TYPE              38

4.2           APAC MISSILE MARKET, BY SPEED           38

4.3           APAC MISSILE MARKET, BY COMPONENT            39

4.4           APAC MISSILE MARKET, BY END USER   39

5               MARKET OVERVIEW       40

5.1           INTRODUCTION              40

5.2           MARKET DYNAMICS       41

5.2.1        DRIVERS               41

5.2.1.1    Escalating geopolitical tensions to prompt missile proliferation                 41

5.2.1.2    Technological advancements driving modernization of missile systems  42

5.2.1.3    Need for advanced air defense systems             42

5.2.1.4    Emergence of hypersonic missile technology   42

5.2.1.5    Indigenous development enhancing strategic autonomy                 43

5.2.2        RESTRAINTS      44

5.2.2.1    High development and procurement costs       44

5.2.2.2    Geopolitical complexities and export control regulations                 44

5.2.2.3    Technological challenges and integration complexity    44

5.2.3        OPPORTUNITIES              45

5.2.3.1    Strategic integration of hypersonic missiles into joint defense exercises 45

5.2.3.2    Advanced materials and additive manufacturing             45

5.2.3.3    Strengthening missile defense collaborations through trilateral partnerships           46

5.2.3.4    Dual-use missile technologies for civilian and military advancement         46

5.2.4        CHALLENGES    47

5.2.4.1    Export control regimes and MTCR compliance constraints                 47

5.2.4.2    Supply chain vulnerabilities in critical missile subsystems                 48

5.3           ECOSYSTEM ANALYSIS  48

5.3.1        PROMINENT COMPANIES            48

5.3.2        PRIVATE AND SMALL ENTERPRISES        48

5.3.3        END USERS         49

5.4           TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES       50

5.5           VALUE CHAIN ANALYSIS               51

5.6           PRICING ANALYSIS          52

5.6.1        INDICATIVE PRICING ANALYSIS, BY TYPE             52

5.6.2        INDICATIVE PRICING ANALYSIS, BY SPEED          53

5.7           BILL OF MATERIALS (BOM)         54

5.8           TECHNOLOGY ROADMAP            54

5.9           CASE STUDY ANALYSIS 56

5.9.1        CASE STUDY 1: INDIA RESPONDS TO PAKISTAN’S MISSILE BARRAGE           56

5.9.2        CASE STUDY 2: SOUTH CHINA SEA DISPUTES DRIVING PHILIPPINE COASTAL DEFENSE MODERNIZATION         57

5.9.3        CASE STUDY 3: JAPAN’S CHALLENGE OF INDIGENOUS MISSILE PRODUCTION AND REGIONAL THREATS            57

5.10         TRADE ANALYSIS             58

5.10.1      IMPORT DATA FOR HS 930690     58

5.10.2      EXPORT DATA FOR HS CODE 930690       59

5.11         KEY CONFERENCES AND EVENTS, 2024–2025        60

5.12         TARIFFS AND REGULATORY LANDSCAPE             60

5.12.1      TARIFF DATA    60

5.12.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             61

5.13         KEY STAKEHOLDERS AND BUYING CRITERIA     62

5.13.1      KEY STAKEHOLDERS IN BUYING PROCESS           62

5.13.2      BUYING CRITERIA           63

5.14         TECHNOLOGY ANALYSIS             64

5.14.1      KEY TECHNOLOGIES     64

5.14.1.1  Seeker and guidance systems              64

5.14.1.2  Hypersonic propulsion systems          64

5.14.2      ADJACENT TECHNOLOGIES       64

5.14.2.1  AI & ML 64

5.14.2.2  Satellite navigation and space-based ISR          65

5.14.3      COMPLEMENTARY TECHNOLOGIES       65

5.14.3.1  Electronic warfare (EW) systems       65

5.14.3.2  Unmanned aerial vehicles and loitering munitions         65

5.15         INVESTMENT AND FUNDING SCENARIO               66

5.16         IMPACT OF AI/GENERATIVE AI ON APAC MISSILE MARKET               66

5.16.1      ENHANCED TARGETING AND GUIDANCE            66

5.16.2      ACCELERATED DESIGN WITH GENERATIVE AI  67

5.16.3      AUTONOMOUS IN-FLIGHT DECISION-MAKING 67

5.16.4      AI-DRIVEN MAINTENANCE AND LOGISTICS        67

5.17         MACROECONOMIC OUTLOOK  68

5.17.1      INTRODUCTION              68

5.17.2      INDIA    68

5.17.3      JAPAN   68

5.17.4      SOUTH KOREA  68

5.17.5      AUSTRALIA         68

5.17.6      TAIWAN               68

5.17.7      SINGAPORE        68

5.17.8      INDONESIA        69

5.17.9      VIETNAM             69

5.18         IMPACT OF 2025 US TARIFFS—ASIA PACIFIC MISSILE MARKET               69

6               INDUSTRY TRENDS         70

6.1           INTRODUCTION              70

6.2           TECHNOLOGY TRENDS                70

6.2.1        HYPERSONIC PROPULSION         70

6.2.2        NETWORK-CENTRIC & DATALINK MISSILES        71

6.2.3        ADVANCED NAVIGATION AND ANTI-JAMMING SYSTEMS              71

6.2.4        MODULAR & PLUG-AND-PLAY ARCHITECTURE 71

6.3           TECHNOLOGY ROADMAP            72

6.3.1        IMPACT OF MEGA TRENDS         72

6.3.2        ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING                 72

6.3.3        MULTI-MODE SEEKER FUSION  73

6.3.4        COGNITIVE ELECTRONIC WARFARE INTEGRATION                 73

6.3.5        FLIGHT PATH OPTIMIZATION  73

6.3.6        DIGITAL TWIN & SIMULATION-LED MISSILE DESIGN                 73

6.4           SUPPLY CHAIN ANALYSIS             73

6.5           PATENT ANALYSIS          75

7               ASIA PACIFIC MISSILE MARKET, BY TYPE              79

7.1           INTRODUCTION              80

7.2           SURFACE-TO-SURFACE 81

7.2.1        CRUISE MISSILES              81

7.2.1.1    Emphasis on strike capabilities to propel cruise missile development          81

7.2.1.2    Short range            82

7.2.1.3    Medium range       82

7.2.1.4    Long range             82

7.2.2        BALLISTIC MISSILES       82

7.2.2.1    Ballistic missile programs advance with strategic focus and next-gen platforms        82

7.2.2.2    Tactical ballistic missiles (<300 KM)                82

7.2.2.3    Short-range ballistic missiles (300–1,000 KM)                82

7.2.2.4    Medium-range ballistic missiles (1,000–3,500 KM)       83

7.2.2.5    Intermediate-range ballistic missiles (3,500-5,500 KM)                 83

7.2.2.6    Intercontinental ballistic missiles (>5,500 KM)              83

7.3           SURFACE-TO-AIR             83

7.3.1        MOBILE AIR DEFENSE SYSTEMS                84

7.3.1.1    Technological advancements to offer opportunities for market growth    84

7.3.2        MAN-PORTABLE AIR DEFENCE SYSTEMS              84

7.3.2.1    MANPADS to gain traction as nations prioritize rapid-deploy systems  84

7.4           AIR-TO-AIR         85

7.4.1        WITHIN VISUAL RANGE AIR-TO-AIR MISSILES (<40 KM)                 85

7.4.1.1    Focus on agility and close-combat precision to drive demand                 85

7.4.2        BEYOND VISUAL RANGE AIR-TO-AIR MISSILE (> 40KM)                 86

7.4.2.1    High missile range and rising strategic partnerships to drive market    86

7.5           AIR-TO-SURFACE             86

7.5.1        GROUND ATTACK MISSILES       87

7.5.1.1    Need to strengthen ground attack arsenal through indigenous innovation and strategic enhancements            87

7.5.2        ANTI-TANK MISSILES     87

7.5.2.1    Advancing anti-tank missile capabilities with next-gen precision and multi-platform deployment         87

7.5.3        ANTI-SHIP MISSILES       87

7.5.3.1    Maritime strategies boost anti-ship deployments with focus on range and versatility             87

7.6           SUBSEA-TO-SURFACE    88

7.6.1        SUBMARINE-LAUNCHED BALLISTIC MISSILES   88

7.6.1.1    Advancement in SLBMs to strengthen strategic deterrence                 88

7.6.2        SUBMARINE-LAUNCHED CRUISE MISSILES          89

7.6.2.1    BrahMos to enhance India’s nuclear deterrent and defense readiness                89

8               APAC MISSILE MARKET, BY COMPONENT            90

8.1           INTRODUCTION              91

8.2           MISSILE AIRFRAMES       92

8.2.1        RADOME              92

8.2.2        BODY    92

8.2.3        CONTROL SURFACES     92

8.3           GUIDANCE, NAVIGATION, AND CONTROL           93

8.3.1        NAVIGATION SYSTEMS 93

8.3.1.1    Inertial navigation systems 94

8.3.1.2    GPS        94

8.3.1.3    SEEKER systems  94

8.3.1.4    Radar      94

8.3.1.5    Infrared  94

8.3.1.6    Radiofrequency     95

8.3.1.7    Laser       95

8.3.1.8    Multi-mode            95

8.3.2        COMMUNICATION LINKS             95

8.3.3        ONBOARD COMPUTERS & AVIONICS     95

8.3.4        MOTORS & ACTUATORS               96

8.4           PROPULSION SYSTEMS 97

8.4.1        SUSTAINERS      97

8.4.1.1    Rocket engine        97

8.4.1.1.1 Solid       98

8.4.1.1.2 Liquid     98

8.4.1.1.3 Hybrid    98

8.4.1.2    Gas turbine engine               98

8.4.1.2.1 Turbojet 98

8.4.1.2.2 Ramjet    99

8.4.2        BOOSTERS          99

8.4.3        IGNITERS             99

8.5           WARHEADS        99

8.5.1        WARHEADS        100

8.5.1.1    Blast warheads      100

8.5.1.2    Fragmentation warheads     100

8.5.1.3    Continuous rod warheads   101

8.5.1.4    Shaped charge warheads     101

8.5.1.5    HESH warheads   101

8.5.2        DETONATING MECHANISMS      101

8.5.3        SAFETY & ARMING MECHANISMS             101

8.6           POWER SUPPLIES            102

8.6.1        TURBO ALTERNATORS 102

8.6.2        BATTERIES         102

9               APAC MISSILE MARKET, BY SPEED           103

9.1           INTRODUCTION              104

9.2           SUBSONIC           105

9.2.1        APAC ENHANCES PRECISION STRIKE CAPABILITIES THROUGH ADVANCED SUBSONIC MISSILE DEPLOYMENT                 105

9.3           SUPERSONIC     105

9.3.1        REGIONAL DEMAND RISES FOR SUPERSONIC MISSILES AMID SHIFTING SECURITY DYNAMICS  105

9.4           HYPERSONIC     106

9.4.1        NATIONS INVEST IN HYPERSONIC TECHNOLOGY TO STRENGTHEN STRATEGIC DETERRENCE             106

10            APAC MISSILE MARKET, BY END USER   107

10.1         INTRODUCTION              108

10.2         ARMY    109

10.2.1      ARMIES ACCELERATE MISSILE INTEGRATION TO ENHANCE STRATEGIC AND TACTICAL RESPONSIVENESS                 109

10.3         NAVY     109

10.3.1      NAVIES EXPAND MISSILE CAPABILITIES TO REINFORCE MARITIME SUPREMACY AND DETERRENCE POSTURE   109

10.4         AIR FORCE          110

10.4.1      NEED TO STRENGTHEN MISSILE INVENTORIES TO SUPPORT HIGH-SPEED PRECISION ENGAGEMENT          110

11            APAC MISSILE MARKET, BY COUNTRY   111

11.1         ASIA PACIFIC     112

11.1.1      ASIA PACIFIC: PESTLE ANALYSIS               112

11.1.2      INDIA    115

11.1.2.1  Homegrown manufacturing, rising budget, and strategic ties to drive market          115

11.1.3      JAPAN   117

11.1.3.1  Security concerns and technological catch-up to drive market                 117

11.1.4      SOUTH KOREA  119

11.1.4.1  Ongoing tensions and strategic innovation to drive market                 119

11.1.5      AUSTRALIA         121

11.1.5.1  Increased defense spending and strategic partnerships to fuel market    121

11.1.6      TAIWAN               123

11.1.6.1  Elevated defense spending to fuel missile development initiatives                 123

11.1.7      SINGAPORE        125

11.1.7.1  Increased defense spending for advanced missile systems to fuel market    125

11.1.8      INDONESIA        127

11.1.8.1  Coastal defense with indigenous and imported missile assets to fuel market             127

11.1.9      VIETNAM             129

11.1.9.1  Indigenous efforts and strategic partnerships to drive market expansion               129

11.1.10   REST OF ASIA PACIFIC   131

12            COMPETITIVE LANDSCAPE         134

12.1         INTRODUCTION              134

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 134

12.3         REVENUE ANALYSIS, 2021–2024  136

12.4         MARKET SHARE ANALYSIS, 2024                 136

12.5         BRAND/PRODUCT COMPARISON             139

12.6         COMPANY VALUATION & FINANCIAL METRICS 140

12.6.1      FINANCIAL METRICS      140

12.6.2      COMPANY VALUATION 141

12.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 141

12.7.1      STARS   141

12.7.2      EMERGING LEADERS     141

12.7.3      PERVASIVE PLAYERS      142

12.7.4      PARTICIPANTS 142

12.7.5      COMPANY FOOTPRINT 143

12.7.5.1  Company footprint               143

12.7.5.2  Speed footprint     144

12.7.5.3  Type footprint       145

12.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        146

12.8.1      PROGRESSIVE COMPANIES         146

12.8.2      RESPONSIVE COMPANIES            146

12.8.3      DYNAMIC COMPANIES  146

12.8.4      STARTING BLOCKS         146

12.8.5      COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES              148

12.8.5.1  Detailed list of key startups/SMEs    148

12.8.5.2  Competitive benchmarking of startups/SMEs 148

12.9         COMPETITIVE SCENARIO             149

12.9.1      DEALS  149

12.9.2      EXPANSIONS     150

12.9.3      OTHER DEVELOPMENTS              152

13            COMPANY PROFILES      153

13.1         KEY PLAYERS     153

13.1.1      RTX        153

13.1.1.1  Business overview 153

13.1.1.2  Products offered   154

13.1.1.3  Recent developments           156

13.1.1.3.1                Other developments             156

13.1.1.4  MnM view              156

13.1.1.4.1                Right to win           156

13.1.1.4.2                Strategic choices   156

13.1.1.4.3                Weaknesses and competitive threats 156

13.1.2      MITSUBISHI HEAVY INDUSTRIES, LTD.  157

13.1.2.1  Business overview 157

13.1.2.2  Products offered   158

13.1.2.3  Recent developments           159

13.1.2.3.1                Other developments             159

13.1.2.4  MnM view              159

13.1.2.4.1                Right to win           159

13.1.2.4.2                Strategic choices   159

13.1.2.4.3                Weaknesses and competitive threats 159

13.1.3      LIG NEX1              160

13.1.3.1  Business overview 160

13.1.3.2  Products offered   161

13.1.3.3  Recent developments           161

13.1.3.3.1                Other developments             161

13.1.3.4  MnM view              162

13.1.3.4.1                Right to win           162

13.1.3.4.2                Strategic choices   162

13.1.3.4.3                Weaknesses and competitive threats 162

13.1.4      MBDA   163

13.1.4.1  Business overview 163

13.1.4.2  Products offered   163

13.1.4.3  Recent developments           167

13.1.4.3.1                Deals      167

13.1.4.4  MnM view              167

13.1.4.4.1                Right to win           167

13.1.4.4.2                Strategic choices   167

13.1.4.4.3                Weaknesses and competitive threats 167

13.1.5      BHARAT DYNAMICS LIMITED    168

13.1.5.1  Business overview 168

13.1.5.2  Products offered   169

13.1.5.3  Recent developments           170

13.1.5.3.1                Deals      170

13.1.5.3.2                Expansions             171

13.1.5.3.3                Other developments             171

13.1.5.4  MnM view              172

13.1.5.4.1                Right to win           172

13.1.5.4.2                Strategic choices   173

13.1.5.4.3                Weaknesses and competitive threats 173

13.1.6      BRAHMOS AEROSPACE PRIVATE LIMITED           174

13.1.6.1  Business overview 174

13.1.6.2  Products offered   174

13.1.6.3  Recent developments           175

13.1.6.3.1                Deals      175

13.1.6.3.2                Expansions             175

13.1.6.3.3                Other developments             176

13.1.7      VEM TECHNOLOGIES    177

13.1.7.1  Business overview 177

13.1.7.2  Products offered   177

13.1.7.3  Recent developments           178

13.1.7.3.1                Other developments             178

13.1.8      ADANI DEFENCE AND AEROSPACE          179

13.1.8.1  Business overview 179

13.1.8.2  Products offered   179

13.1.8.3  Recent developments           180

13.1.8.3.1                Deals      180

13.1.8.3.2                Expansions             180

13.1.9      KALYANI RAFAEL ADVANCED SYSTEMS PVT. LTD.                 181

13.1.9.1  Business overview 181

13.1.9.2  Products offered   181

13.1.9.3  Recent developments           182

13.1.9.3.1                Other developments             182

13.1.10   L&T MBDA MISSILE SYSTEMS     183

13.1.10.1                 Business overview 183

13.1.10.2                 Products offered   183

13.1.10.3                 Recent developments           184

13.1.10.3.1             Other developments             184

13.1.11   HANWHA GROUP             185

13.1.11.1                 Business overview 185

13.1.11.2                 Products offered   186

13.1.12   NCSIST 187

13.1.12.1                 Business overview 187

13.1.12.2                 Products offered   187

13.2         KEY GLOBAL PLAYERS  189

13.2.1      LOCKHEED MARTIN CORPORATION      189

13.2.1.1  Business overview 189

13.2.1.2  Products offered   190

13.2.1.3  Recent developments           191

13.2.1.3.1                Other developments             191

13.2.2      NORTHROP GRUMMAN                 192

13.2.2.1  Business overview 192

13.2.2.2  Products offered   193

13.2.2.3  Recent developments           195

13.2.2.3.1                Other developments             195

13.2.3      RAFAEL ADVANCED DEFENSE SYSTEMS LTD.     196

13.2.3.1  Business overview 196

13.2.3.2  Products offered   197

13.2.4      ROSOBORONEXPORT    198

13.2.4.1  Business overview 198

13.2.4.2  Products offered   198

13.2.4.3  Recent developments           200

13.2.4.3.1                Deals      200

13.2.4.3.2                Other developments             200

13.3         OTHER PLAYERS              201

13.3.1      BEML LIMITED 201

13.3.2      TATA ADVANCED SYSTEMS        202

13.3.3      ASTRA MICROWAVE PRODUCTS LTD     203

13.3.4      PARAS DEFENCE & SPACE TECHNOLOGIES         204

13.3.5      CORE CARBIDE TOOLS 204

13.3.6      GODREJ & BOYCE            205

13.3.7      APOLLO MICRO SYSTEMS LIMITED         206

13.3.8      IHI AEROSPACE CO., LTD.            206

13.3.9      DIEHL STIFTUNG & CO. KG         207

13.3.10   ROKETSAN          208

14            APPENDIX           209

14.1         DISCUSSION GUIDE        209

14.2         ANNEXURE         212

14.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                213

14.4         CUSTOMIZATION OPTIONS        215

14.5         RELATED REPORTS         215

14.6         AUTHOR DETAILS           216

LIST OF TABLES

TABLE 1                APAC MISSILE MARKET: INCLUSIONS & EXCLUSIONS      24

TABLE 2                USD EXCHANGE RATES 25

TABLE 3                BOTTOM-UP APPROACH FOR APAC MISSILE MARKET               31

TABLE 4                RISK ASSESSMENT OF RESEARCH LIMITATIONS                 34

TABLE 5                ASIA PACIFIC: ONGOING MISSILE R&D PROGRAMS         43

TABLE 6                ASIA PACIFIC: INDIGENOUS MISSILE PRODUCTION CAPABILITIES     44

TABLE 7                ASIA PACIFIC: TRILATERAL DEFENSE COLLABORATION MILESTONES IN MISSILE DOMAIN (2022–2025)      46

TABLE 8                ASIA PACIFIC: KEY DUAL-USE TECHNOLOGY INVESTMENT INITIATIVES (2020–2024)   47

TABLE 9                ROLE OF COMPANIES IN ECOSYSTEM    49

TABLE 10              INDICATIVE PRICING ANALYSIS OF MISSILES, BY TYPE (USD MILLION)               53

TABLE 11              INDICATIVE PRICING ANALYSIS, BY COMPONENT (USD MILLION)   53

TABLE 12              BILL OF MATERIALS (BOM) ANALYSIS FOR MISSILES              54

TABLE 13              ASIA PACIFIC: EVOLUTION OF MISSILE TECHNOLOGIES               55

TABLE 14              KEY CONFERENCES AND EVENTS, 2024−2026                 60

TABLE 15              TARIFFS FOR BOMBS, GRENADES, TORPEDOS, MINES, MISSILES, OTHER AMMUNITION AND PROJECTILES, AND PARTS (HS CODE: 930690)  61

TABLE 16              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  61

TABLE 17              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY SPEED (%)                62

TABLE 18              KEY BUYING CRITERIA FOR MISSILES, BY TYPE                 63

TABLE 19              US: IMPORTED MISSILE VOLUME, 2020―2024                 69

TABLE 20              ASIA PACIFIC MISSILE MARKET: LIST OF MAJOR PATENTS (2021–2025)      76

TABLE 21              APAC MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION) 80

TABLE 22              APAC MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION) 80

TABLE 23             APAC SURFACE-TO-SURFACE MISSILES MARKET, BY TYPE,

2021–2024 (USD MILLION)            81

TABLE 24             APAC SURFACE-TO-SURFACE MISSILES MARKET, BY TYPE,

2025–2030 (USD MILLION)            81

TABLE 25              APAC SURFACE-TO-AIR MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION)                83

TABLE 26              APAC SURFACE-TO-AIR MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION)                84

TABLE 27              APAC AIR-TO-AIR MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION)            85

TABLE 28              APAC AIR-TO-AIR MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION)            85

TABLE 29              APAC AIR-TO-SURFACE MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION)                86

TABLE 30              APAC AIR-TO-SURFACE MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION)                86

TABLE 31              APAC SUBSEA-TO-SURFACE MISSILE MARKET, BY TYPE,

2021–2024 (USD MILLION)            88

TABLE 32              APAC SUBSEA-TO-SURFACE MISSILE MARKET, BY TYPE,

2025–2030 (USD MILLION)            88

TABLE 33              APAC MISSILE MARKET, BY COMPONENT, 2021–2024 (USD MILLION)       91

TABLE 34              APAC MISSILE MARKET, BY COMPONENT, 2025–2030 (USD MILLION)       92

TABLE 35              APAC MISSILE GUIDANCE, NAVIGATION, AND CONTROL MARKET, BY COMPONENT, 2021–2024 (USD MILLION)            93

TABLE 36              APAC MISSILE GUIDANCE, NAVIGATION, AND CONTROL MARKET, BY COMPONENT, 2025–2030 (USD MILLION)            93

TABLE 37              APAC MISSILE PROPULSION SYSTEMS MARKET, BY COMPONENT,

2021–2024 (USD MILLION)            97

TABLE 38              APAC MISSILE PROPULSION SYSTEMS MARKET, BY COMPONENT,

2025–2030 (USD MILLION)            97

TABLE 39              APAC MISSILE WARHEADS MARKET, BY COMPONENT, 2021–2024 (USD MILLION)              99

TABLE 40              APAC MISSILE WARHEADS MARKET, BY COMPONENT, 2025–2030 (USD MILLION)              100

TABLE 41              APAC MISSILE POWER SUPPLY MARKET, BY TYPE, 2021–2024 (USD MILLION)                102

TABLE 42              APAC MISSILE POWER SUPPLY MARKET, BY TYPE, 2025–2030 (USD MILLION)                102

TABLE 43              APAC MISSILE MARKET, BY SPEED, 2021–2024 (USD MILLION) 104

TABLE 44              APAC MISSILE MARKET, BY SPEED, 2025–2030 (USD MILLION) 104

TABLE 45              APAC MISSILE MARKET, BY END USER, 2021–2024 (USD MILLION) 108

TABLE 46              APAC MISSILE MARKET, BY END USER, 2025–2030 (USD MILLION) 108

TABLE 47              ASIA PACIFIC MISSILE MARKET, BY COUNTRY, 2021–2024 (USD MILLION)            115

TABLE 48              ASIA PACIFIC MISSILE MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            115

TABLE 49              INDIA: MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION) 116

TABLE 50              INDIA: MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION) 116

TABLE 51              INDIA: MISSILE MARKET, BY SPEED, 2021–2024 (USD MILLION) 116

TABLE 52              INDIA: MISSILE MARKET, BY SPEED, 2025–2030 (USD MILLION) 117

TABLE 53              INDIA: MISSILE MARKET, BY END USER, 2021–2024 (USD MILLION)       117

TABLE 54              INDIA: MISSILE MARKET, BY END USER, 2025–2030 (USD MILLION)       117

TABLE 55              JAPAN: MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION) 118

TABLE 56              JAPAN: MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION) 118

TABLE 57              JAPAN: MISSILE MARKET, BY SPEED, 2021–2024 (USD MILLION) 118

TABLE 58              JAPAN: MISSILE MARKET, BY SPEED, 2025–2030 (USD MILLION) 118

TABLE 59              JAPAN: MISSILE MARKET, BY END USER, 2021–2024 (USD MILLION)       119

TABLE 60              JAPAN: MISSILE MARKET, BY END USER, 2025–2030 (USD MILLION)       119

TABLE 61              SOUTH KOREA: MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION)            120

TABLE 62              SOUTH KOREA: MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION)            120

TABLE 63              SOUTH KOREA: MISSILE MARKET, BY SPEED, 2021–2024 (USD MILLION)            120

TABLE 64              SOUTH KOREA: MISSILE MARKET, BY SPEED, 2025–2030 (USD MILLION)            120

TABLE 65              SOUTH KOREA: MISSILE MARKET, BY END USER, 2021–2024 (USD MILLION)            121

TABLE 66              SOUTH KOREA: MISSILE MARKET, BY END USER, 2025–2030 (USD MILLION)            121

TABLE 67              AUSTRALIA: MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION)       122

TABLE 68              AUSTRALIA: MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION)       122

TABLE 69              AUSTRALIA: MISSILE MARKET, BY SPEED, 2021–2024 (USD MILLION)       122

TABLE 70              AUSTRALIA: MISSILE MARKET, BY SPEED, 2025–2030 (USD MILLION)       122

TABLE 71              AUSTRALIA: MISSILE MARKET, BY END USER, 2021–2024 (USD MILLION)            123

TABLE 72              AUSTRALIA: MISSILE MARKET, BY END USER, 2025–2030 (USD MILLION)            123

TABLE 73              TAIWAN: MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION) 123

TABLE 74              TAIWAN: MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION) 124

TABLE 75              TAIWAN: MISSILE MARKET, BY SPEED, 2021–2024 (USD MILLION) 124

TABLE 76              TAIWAN: MISSILE MARKET, BY SPEED, 2025–2030 (USD MILLION) 124

TABLE 77              TAIWAN: MISSILE MARKET, BY END USER, 2021–2024 (USD MILLION)       124

TABLE 78              TAIWAN: MISSILE MARKET, BY END USER, 2025–2030 (USD MILLION)       125

TABLE 79              SINGAPORE: MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION)       125

TABLE 80              SINGAPORE: MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION)       126

TABLE 81              SINGAPORE: MISSILE MARKET, BY SPEED, 2021–2024 (USD MILLION)       126

TABLE 82              SINGAPORE: MISSILE MARKET, BY SPEED, 2025–2030 (USD MILLION)       126

TABLE 83              SINGAPORE: MISSILE MARKET, BY END USER, 2021–2024 (USD MILLION)            126

TABLE 84              SINGAPORE: MISSILE MARKET, BY END USER, 2025–2030 (USD MILLION)            127

TABLE 85              INDONESIA: MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION)       127

TABLE 86              INDONESIA: MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION)       128

TABLE 87              INDONESIA: MISSILE MARKET, BY SPEED, 2021–2024 (USD MILLION)       128

TABLE 88              INDONESIA: MISSILE MARKET, BY SPEED, 2025–2030 (USD MILLION)       128

TABLE 89              INDONESIA: MISSILE MARKET, BY END USER, 2021–2024 (USD MILLION)            128

TABLE 90              INDONESIA: MISSILE MARKET, BY END USER, 2025–2030 (USD MILLION)            129

TABLE 91              VIETNAM: MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION) 129

TABLE 92              VIETNAM: MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION) 130

TABLE 93              VIETNAM: MISSILE MARKET, BY SPEED, 2021–2024 (USD MILLION)       130

TABLE 94              VIETNAM: MISSILE MARKET, BY SPEED, 2025–2030 (USD MILLION)       130

TABLE 95              VIETNAM: MISSILE MARKET, BY END USER, 2021–2024 (USD MILLION)            130

TABLE 96              VIETNAM: MISSILE MARKET, BY END USER, 2025–2030 (USD MILLION)            131

TABLE 97              REST OF ASIA PACIFIC: MISSILE MARKET, BY TYPE, 2021–2024 (USD MILLION)                131

TABLE 98              REST OF ASIA PACIFIC: MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION)                132

TABLE 99              REST OF ASIA PACIFIC: MISSILE MARKET, BY SPEED, 2021–2024 (USD MILLION)             132

TABLE 100            REST OF ASIA PACIFIC: MISSILE MARKET, BY SPEED, 2025–2030 (USD MILLION)             132

TABLE 101            REST OF ASIA PACIFIC: MISSILE MARKET, BY END USER,

2021–2024 (USD MILLION)            132

TABLE 102            REST OF ASIA PACIFIC: MISSILE MARKET, BY END USER,

2025–2030 (USD MILLION)            133

TABLE 103            OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN ASIA PACIFIC MISSILE MARKET, 2020–2024   134

TABLE 104            ASIA PACIFIC MISSILE MARKET: DEGREE OF COMPETITION 137

TABLE 105            ASIA PACIFIC MISSILE MARKET: SPEED FOOTPRINT       144

TABLE 106            ASIA PACIFIC MISSILE MARKET: TYPE FOOTPRINT       145

TABLE 107            ASIA PACIFIC MISSILE MARKET: DETAILED LIST OF KEY STARTUPS/SMES              148

TABLE 108            ASIA PACIFIC MISSILE MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES   148

TABLE 109            ASIA PACIFIC MISSILE MARKET: DEALS, JANUARY 2021–MAY 2025               149

TABLE 110            ASIA PACIFIC MISSILE MARKET: EXPANSIONS, JANUARY 2021–MAY 2025               150

TABLE 111            ASIA PACIFIC MISSILE MARKET: OTHER DEVELOPMENTS,

JANUARY 2021–MAY 2025               152

TABLE 112            RTX: COMPANY OVERVIEW         153

TABLE 113            RTX: PRODUCTS OFFERED          154

TABLE 114            RTX: OTHER DEVELOPMENTS, JANUARY 2021–MAY 2025              156

TABLE 115            MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW   157

TABLE 116            MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED    158

TABLE 117            MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHER DEVELOPMENTS,

JANUARY 2021–MAY 2025               159

TABLE 118            LIG NEX1: COMPANY OVERVIEW              160

TABLE 119            LIG NEX1: PRODUCTS OFFERED               161

TABLE 120            LIG NEX1: OTHER DEVELOPMENTS, JANUARY 2021–MAY 2025   161

TABLE 121            MBDA: COMPANY OVERVIEW    163

TABLE 122            MBDA: PRODUCTS OFFERED     163

TABLE 123            MBDA: DEALS, JANUARY 2021–MAY 2025                 167

TABLE 124            BHARAT DYNAMICS LIMITED: COMPANY OVERVIEW          168

TABLE 125            BHARAT DYNAMICS LIMITED: PRODUCTS OFFERED             169

TABLE 126            BHARAT DYNAMICS LIMITED: DEALS, JANUARY 2021–MAY 2025   170

TABLE 127            BHARAT DYNAMICS LIMITED: EXPANSIONS, JANUARY 2021–MAY 2025               171

TABLE 128            BHARAT DYNAMICS LIMITED: OTHER DEVELOPMENTS, JANUARY 2021–MAY 2025          171

TABLE 129            BRAHMOS AEROSPACE PRIVATE LIMITED: COMPANY OVERVIEW   174

TABLE 130            BRAHMOS AEROSPACE PRIVATE LIMITED: PRODUCTS OFFERED    174

TABLE 131            BRAHMOS AEROSPACE PRIVATE LIMITED, JANUARY 2021–MAY 2025               175

TABLE 132            BRAHMOS AEROSPACE PRIVATE LIMITED: EXPANSIONS,

JANUARY 2021–MAY 2025               175

TABLE 133            BRAHMOS AEROSPACE PRIVATE LIMITED: OTHER DEVELOPMENTS, JANUARY 2021–MAY 2025          176

TABLE 134            VEM TECHNOLOGIES: COMPANY OVERVIEW                 177

TABLE 135            VEM TECHNOLOGIES: PRODUCTS OFFERED                 177

TABLE 136          VEM TECHNOLOGIES: OTHER DEVELOPMENTS, JANUARY 2021–MAY 2025               178

TABLE 137            ADANI DEFENCE AND AEROSPACE: COMPANY OVERVIEW          179

TABLE 138            ADANI DEFENCE AND AEROSPACE: PRODUCTS OFFERED             179

TABLE 139            ADANI DEFENCE AND AEROSPACE: DEALS, JANUARY 2021–MAY 2025               180

TABLE 140            ADANI DEFENCE AND AEROSPACE: EXPANSIONS, JANUARY 2021–MAY 2025  180

TABLE 141            KALYANI RAFAEL ADVANCED SYSTEMS PVT. LTD.: COMPANY OVERVIEW       181

TABLE 142            KALYANI RAFAEL ADVANCED SYSTEMS PVT. LTD.: PRODUCTS OFFERED        181

TABLE 143            KALYANI RAFAEL ADVANCED SYSTEMS PVT. LTD.: OTHER DEVELOPMENTS, JANUARY 2021–MAY 2025                 182

TABLE 144            L&T MBDA MISSILE SYSTEMS LIMITED: COMPANY OVERVIEW   183

TABLE 145            L&T MBDA MISSILE SYSTEMS LIMITED: PRODUCTS OFFERED    183

TABLE 146            L&T MBDA MISSILE SYSTEMS LIMITED: OTHER DEVELOPMENTS,

JANUARY 2021–MAY 2025               184

TABLE 147            HANWHA GROUP: COMPANY OVERVIEW                 185

TABLE 148            HANWHA GROUP: PRODUCTS OFFERED                 186

TABLE 149            NCSIST: COMPANY OVERVIEW  187

TABLE 150            NCSIST: PRODUCTS OFFERED   187

TABLE 151            LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW          189

TABLE 152            LOCKHEED MARTIN CORPORATION: PRODUCTS OFFERED    190

TABLE 153            LOCKHEED MARTIN CORPORATION: OTHER DEVELOPMENTS,

JANUARY 2021–MAY 2025               191

TABLE 154            NORTHROP GRUMMAN: COMPANY OVERVIEW                 192

TABLE 155            NORTHROP GRUMMAN: PRODUCTS OFFERED                 193

TABLE 156            NORTHROP GRUMMAN: OTHER DEVELOPMENTS, JANUARY 2021–MAY 2025          195

TABLE 157            RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: COMPANY OVERVIEW   196

TABLE 158            RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: PRODUCTS OFFERED    197

TABLE 159            ROSOBORONEXPORT: COMPANY OVERVIEW                 198

TABLE 160            ROSOBORONEXPORT: PRODUCTS OFFERED                 198

TABLE 161            ROSOBORONEXPORT: DEALS, JANUARY 2021–MAY 2025              200

TABLE 162          ROSOBORONEXPORT: OTHER DEVELOPMENTS, JANUARY 2021–MAY 2025               200

LIST OF FIGURES

FIGURE 1              APAC MISSILE MARKET: MARKETS & REGIONS COVERED            23

FIGURE 2              RESEARCH DESIGN MODEL         26

FIGURE 3              RESEARCH DESIGN         27

FIGURE 4              BOTTOM-UP APPROACH              32

FIGURE 5              TOP-DOWN APPROACH                32

FIGURE 6              DATA TRIANGULATION                33

FIGURE 7              SURFACE-TO-SURFACE TO HOLD LARGEST MARKET SHARE IN 2025 35

FIGURE 8              HYPERSONIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       36

FIGURE 9              ARMY TO SECURE LEADING POSITION DURING FORECAST PERIOD         36

FIGURE 10            GUIDANCE, NAVIGATION, AND CONTROL TO HOLD LARGEST SHARE OF COMPONENTS MARKET DURING FORECAST PERIOD         37

FIGURE 11            SURFACE-TO-SURFACE SEGMENT TO ACCOUNT FOR HIGHEST SHARE IN 2030                38

FIGURE 12            SUPERSONIC SEGMENT TO DOMINATE MARKET IN 2025                38

FIGURE 13            GUIDANCE, NAVIGATION, AND CONTROL TO RETAIN MARKET DOMINANCE DURING FORECAST PERIOD                 39

FIGURE 14            AIR FORCE TO REGISTER HIGHEST DEMAND FOR MISSILES AND MISSILE PARTS THROUGHOUT FORECAST PERIOD                39

FIGURE 15            ASIA PACIFIC MISSILE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, CHALLENGES   41

FIGURE 16            ASIA PACIFIC MISSILE MARKET: ECOSYSTEM ANALYSIS            49

FIGURE 17            ASIA PACIFIC MISSILE MARKET: TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES   50

FIGURE 18            ASIA PACIFIC MISSILE MARKET: VALUE CHAIN ANALYSIS            51

FIGURE 19            BILL OF MATERIALS FOR MISSILES          54

FIGURE 20            ASIA PACIFIC: ROADMAP FOR MISSILE TECHNOLOGIES               56

FIGURE 21            IMPORT DATA FOR HS CODE 930690, BY COUNTRY,

2020–2024 (USD THOUSAND)      58

FIGURE 22            EXPORT DATA OF HS CODE 930690, BY COUNTRY, 2020–2024 (USD THOUSAND)               59

FIGURE 23            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY SPEED       62

FIGURE 24            KEY BUYING CRITERIA FOR MISSILES, BY TYPE                 63

FIGURE 25            ASIA PACIFIC MISSILE MARKET: INVESTMENT AND FUNDING SCENARIO           66

FIGURE 26            ASIA PACIFIC MISSILE MARKET: SUPPLY CHAIN ANALYSIS            74

FIGURE 27            ASIA PACIFIC MISSILE MARKET: OVERVIEW OF PATENTS GRANTED       75

FIGURE 28            APAC MISSILE MARKET, BY TYPE, 2025–2030 (USD MILLION) 80

FIGURE 29            WARHEAD SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       91

FIGURE 30            HYPERSONIC SEGMENT TO REGISTER HIGHEST GROWTH             104

FIGURE 31            AIR FORCE TO LEAD MARKET DURING FORECAST PERIOD         108

FIGURE 32            ASIA PACIFIC MISSILE MARKET SNAPSHOT                 114

FIGURE 33            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2021–2024              136

FIGURE 34            ASIA PACIFIC MISSILE MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024               136

FIGURE 35            ASIA PACIFIC MISSILE MARKET: BRAND/PRODUCT COMPARATIVE ANALYSIS     139

FIGURE 36            FINANCIAL METRICS OF PROMINENT PLAYERS                 140

FIGURE 37            VALUATION OF PROMINENT PLAYERS  141

FIGURE 38            ASIA PACIFIC MISSILE MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       142

FIGURE 39            ASIA PACIFIC MISSILE MARKET: COMPANY FOOTPRINT       143

FIGURE 40            ASIA PACIFIC MISSILE MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 147

FIGURE 41            RTX: COMPANY SNAPSHOT        154

FIGURE 42            MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT   158

FIGURE 43            LIG NEX1: COMPANY SNAPSHOT              160

FIGURE 44            BHARAT DYNAMICS LIMITED: COMPANY SNAPSHOT          168

FIGURE 45            HANWHA AEROSPACE: COMPANY SNAPSHOT                 185

FIGURE 46            LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT          190

FIGURE 47            NORTHROP GRUMMAN: COMPANY SNAPSHOT                 193

FIGURE 48            RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: COMPANY SNAPSHOT   196