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.

Market Analysis and Insights: Global Cruise Missile Market
The global Cruise Missile market is valued at US$ 1405.4 million in 2019. The market size will reach US$ 2298.8 million by the end of 2026, growing at a CAGR of 7.2% during 2021-2026.

Global Cruise Missile Scope and Segment
Cruise Missile market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Cruise Missile market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Air-launched Cruise Missile
Land Attack Cruise Missile
Others
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.

Segment by Application
Defense
Homeland Security

By Company
Lockheed Martin
Raytheon
Tactical Missiles Corporation
CASIC
Roketsan A.S
Taurus Systems

Production by Region
North America
EU
China
Russia
Turkey

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E