Rocket and Missile Market to Hit USD 84.77 Billion by 2029 | At a CAGR of 4.58% Pune, India, Sept. 26, 2022 (GLOBE NEWSWIRE) -- The global rocket and missile market size was valued at USD 59.21 billion in 2021. The market is expected to grow from USD 61.96 billion in 2022 to USD 84.77 billion by 2029, exhibiting a CAGR of 4.58% during the forecast period. Rapidly changing military technology and increasing adoption of 3D printed missile components are expected to foster the industry''s growth. Fortune Business Insights ™ provides this information in its report titled " Rocket and Missile Market, 2022-2029. " Russia-Ukraine War Impact Changing Procurement Priorities to Reshape the Defense Sector Positively The Russia-Ukraine war is expected to affect several sectors due to changing procurement priorities. Further, the deployment of novel Russian electronic warfare equipment in Ukraine in 2014 and later in Syria is expected to enhance the demand for rockets and missiles. Furthermore, the expansion of UCAV fleets in the region elevated the industry''s growth. Segments Missile Segment to Grow Exponentially Backed by Rising Self -propelled Guided Missiles By type, the market is segmented into missile and rocket.