United States Naval Missiles And Missile Launch System Market Size and Share
| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 469 Million |
| Market Size (2030) | USD 574 Million |
| CAGR (2025 - 2030) | 4.12% |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Naval Missiles And Missile Launch System Market Analysis by Mordor Intelligence
The United States Naval Missiles And Missile Launch System Market size is estimated at USD 469 million in 2025, and is expected to reach USD 574 million by 2030, at a CAGR of 4.12% during the forecast period (2025-2030).
The US naval missile and missile launch system market is supported by increasing defense budgets and the urgent need for modernized naval defense capabilities amid escalating global tensions. The US Navy, pivotal in ensuring maritime security, has intensified its focus on advanced missile systems and launch platforms. This shift aims to counter emerging threats, including hypersonic missiles and advanced adversary fleets. Programs like the Aegis Ballistic Missile Defense (BMD) and the procurement of the Vertical Launch System (VLS) emphasize the integration of advanced technologies, such as precision targeting, stealth, and enhanced propulsion.
Investments are surging in upgrading naval vessels with advanced missile systems, such as the Tomahawk and SM-6. However, the market grapples with challenges like technological complexity, supply chain disruptions, and steep development costs. Continuous innovation in multi-mission missile systems, catering to anti-aircraft, anti-ship, and land-attack roles, ensures steady demand. As new-generation launch systems are developed to meet evolving mission needs and integrate with autonomous naval platforms, the market's growth trajectory remains strong.
United States Naval Missiles And Missile Launch System Market Trends and Insights
Missile Segment to Witness Highest Growth During the Forecast Period
As maritime security threats evolve, there's a growing emphasis on advanced missile capabilities. This focus has propelled the missile segment to register the highest CAGR during the forecast period. A significant driver of this growth is the substantial investment in modernizing existing missile systems and developing next-generation technologies. These innovations prioritize enhanced precision, extended range, and heightened effectiveness in naval operations. A notable trend fueling this momentum is the rising adoption of hypersonic missiles.
Among these, the Conventional Prompt Strike (CPS) program's hypersonic missiles are particularly noteworthy. They are designed for rapid responses and are proficient at evading enemy defenses. The Tomahawk Block V cruise missile, renowned for its versatility across multiple missions and accurate targeting, is experiencing a surge in demand.
Additionally, as naval forces adapt to countering sophisticated adversary fleets, anti-ship missiles like the Long-Range Anti-Ship Missile (LRASM) are gaining prominence. In a significant move, Raytheon, a subsidiary of RTX, clinched a USD 525 million contract with the US Navy. This contract covers the production of ESSM Block 2 missiles and their spares, benefiting both the US and its allied nations.
The ESSM Block 2, a ship-launched guided missile tailored for short to medium ranges, outperforms its Block 1 predecessor with superior maneuverability and performance. This latest ESSM variant reduces dependence on shipboard illumination, boasts compatibility with a wide array of combat systems and launchers, and ensures top-notch performance even in challenging marine environments. Moreover, its advanced digital processing margin enables adaptability to emerging threats through software upgrades.
Surface Vessels Segment to Dominate Market Share During the Forecast Period.
Advanced missile systems and launch platforms are increasingly being deployed on surface combatants, including destroyers, cruisers, frigates, and upcoming unmanned surface vessels. These vessels play a crucial role in multi-domain naval operations, providing the versatility to launch various missiles, from cruise and ballistic to anti-ship and air defense systems.
Programs like the modernization of the Arleigh Burke-class destroyer and the debut of the Constellation-class frigates highlight the emphasis on integrating advanced missile systems, including the Tomahawk, SM-6, and LRASM. The USD 177.8 million contract upgrade for the Arleigh Burke-class includes underwater hull preservation and enhancements to the Aegis combat system in conjunction with the Surface Electronic Warfare Improvement Program (Block 3). Equipped with Vertical Launch Systems (VLS) like the Mk 41, these surface vessels boast multi-mission capabilities, allowing for swift responses to emerging threats.
Growth in this segment is bolstered by heightened investments in modernizing naval forces, recognizing the strategic significance of surface vessels in achieving maritime dominance, and their role as integral components in unified naval defense networks. Consequently, surface vessels are set to play a central role in the US Navy's objective of expanded operational reach and heightened combat readiness, propelling their market share in the forecast period.
Competitive Landscape
The U.S. naval missile and missile launch system market is consolidated, with several major defense contractors vying for contracts. Leading players include RTX Corporation, Lockheed Martin Corporation, The Boeing Company, General Dynamics Mission Systems (General Dynamics), and Kongsberg Gruppen ASA, which dominate due to their extensive portfolios and strong relationships with the US Department of Defense (DoD).
The market type is largely government-driven, with procurement contracts awarded through programs like the Aegis BMD and Next-Generation Interceptor (NGI). Collaboration with government agencies, such as the US Navy and DARPA, drives technological advancements and innovation. The focus on research and development (R&D) and long-term contracts underpins the landscape, with a significant emphasis on delivering integrated, reliable, and advanced solutions to meet evolving naval defense requirements.
United States Naval Missiles And Missile Launch System Industry Leaders
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Lockheed Martin Corporation
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RTX Corporation
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Kongsberg Defence & Aerospace
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The Boeing Company
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General Dynamics Mission Systems (General Dynamics)
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- November 2024: Lockheed Martin secured a USD 83.3-million contract from the US Navy. The contract mandates logistics, supply, repair, and spare parts support for components linked to 161 Aegis MK-41 vertical launch systems. Spanning five years, the contract extends through November 2029, with all operations centralized at Lockheed Martin Rotary and Mission Systems. The MK-41 VLS, a cutting-edge shipborne system integral to the Aegis missile tracking and launch system, is tailored to provide rapid-fire missile canister launches, guaranteeing preparedness and a leading edge in maritime confrontations involving both offensive and defensive operations.
- November 2024: KONGSBERG was awarded a five-year contract worth up to NOK 12 billion (USD 1.05 billion) to supply Naval Strike Missiles to the US Navy and Marine Corps. KONGSBERG developed the NSM, an anti-ship missile boasting superior operational performance and heightened survivability against enemy defense systems. The Norwegian Navy first deployed the missile in 2012.
United States Naval Missiles And Missile Launch System Market Report Scope
The US naval missile and missile launch system market focuses on the development and deployment of advanced missile systems and launch platforms for naval use. These systems are integral to enhancing the US Navy's maritime security efforts, addressing threats from the air, surface, and underwater, and conducting both offensive and defensive operations. The market supports the modernization of current naval fleets and the integration of cutting-edge systems into next-generation vessels, highlighting this commitment to ensuring combat readiness and strategic dominance in maritime conflicts.
The United States naval missiles and missile launch system market has been segmented by system, application, and geography. By system, the market has been segmented into missiles and launch systems. By application, the market has been segmented into surface vessels and submarines. Furthermore, the report includes key statistics on the market status of leading market players. It provides key trends and opportunities in the United States naval missiles and missile launch system market. The market size is provided for each segment in terms of value (USD).
| Missiles |
| Launch Systems |
| Surface Vessels |
| Submarines |
| System | Missiles |
| Launch Systems | |
| Application | Surface Vessels |
| Submarines |
Key Questions Answered in the Report
How big is the United States Naval Missiles And Missile Launch System Market?
The United States Naval Missiles And Missile Launch System Market size is expected to reach USD 469 million in 2025 and grow at a CAGR of 4.12% to reach USD 574 million by 2030.
What is the current United States Naval Missiles And Missile Launch System Market size?
In 2025, the United States Naval Missiles And Missile Launch System Market size is expected to reach USD 469 million.
Who are the key players in United States Naval Missiles And Missile Launch System Market?
Lockheed Martin Corporation, RTX Corporation, Kongsberg Defence & Aerospace, The Boeing Company and General Dynamics Mission Systems (General Dynamics) are the major companies operating in the United States Naval Missiles And Missile Launch System Market.
What years does this United States Naval Missiles And Missile Launch System Market cover, and what was the market size in 2024?
In 2024, the United States Naval Missiles And Missile Launch System Market size was estimated at USD 449.68 million. The report covers the United States Naval Missiles And Missile Launch System Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United States Naval Missiles And Missile Launch System Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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United States Naval Missiles And Missile Launch System Market Report
Statistics for the 2025 United States Naval Missiles And Missile Launch System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Naval Missiles And Missile Launch System analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
