Europe Cruise Missile Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Europe Cruise Missile Market Report is Segmented by Launch Platform (Air, Sea, Land), Range (Short-Range Missiles, Medium-Range Missiles, Long-Range Missiles), and Geography (United Kingdom, France, Germany, Italy, Russia, and the Rest of Europe). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Europe Cruise Missile Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Cruise Missile Market Size

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Europe Cruise Missile Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 1.29 Billion
Market Size (2030) USD 2.05 Billion
CAGR (2025 - 2030) 9.65 %
Market Concentration Medium

Major Players

Europe Cruise Missile Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Cruise Missile Market Analysis

The Europe Cruise Missile Market size is estimated at USD 1.29 billion in 2025, and is expected to reach USD 2.05 billion by 2030, at a CAGR of 9.65% during the forecast period (2025-2030).

The increased defense spending on missile and missile defense systems by European countries is driving the growth of the market. Countries like Poland, Finland, etc have increased the budget for the procurement of missile defense systems from foreign countries. Additionally, the focus on the indigenous development of missiles has increased, due to the increasing cybersecurity breaches aimed at gaining the technological know-how of military technologies. As the militaries emphasize keeping the technologies used in the missile systems intact, in order to maintain technological superiority, they also emphasize indigenous missile development. In addition, countries started developing their own missiles to reduce their dependence on foreign technologies. Furthermore, indigenous development helps countries both strategically and economically, by opening new prospects for exports. Countries like France, the United Kingdom, Germany, etc. are spending a lot of money on the research and development of supersonic and hypersonic cruise missiles which is expected to propel the missile market growth in Europe during the forecast period.

A modern missile is a result of years of R&D activities conducted on a component-level basis. To deliver the best results, such development activities are carried out for an extensive period, and they include years of rigorous testing and documentation before releasing a new variant for military use. Till then, the R&D costs of new technologies, especially new concepts, are expected to be high and economically straining to the budgets. The missile development programs take years and, sometimes, decades for their induction into the military from the date of their announcement. In the meantime, several factors may influence the governments and the militaries to either cancel or delay the development programs.

Europe Cruise Missile Industry Overview

The Europe cruise missile market is semi-consolidated at the moment but more consolidation is expected during the forecast period as the leading players, including RTX Corporation, MBDA, Rafael Advanced Defense Systems Ltd., JSC Tactical Missiles Corporation, and Kongsberg Gruppen ASA, release new products to gain market share and restrict the entry of small players. The market is witnessing a significant investment in research and development of advanced missiles, like hypersonic cruise missiles. Several missile manufacturers are collaborating, forming joint ventures for the sharing of technology and expertise which will help them develop sophisticated cruise missile systems in the future, which, in turn, will help them attract new customers and increase their market presence and share. For instance, in January 2021, the UK MoD awarded a USD 750 million contract to MBDA for equipping its F-35 fleet with SPEAR3 cruise missiles. As per the development plan, the SPEAR3 missile will achieve initial operation capability on the aircraft in 2025, which will make it the primary air-to-ground weapon for the F-35 jets in service with the Royal Navy and Royal Air Force.

Europe Cruise Missile Market Leaders

  1. Kongsberg Gruppen ASA

  2. RTX Corporation

  3. Lockheed Martin Corporation

  4. Rafael Advanced Defense Systems Ltd.

  5. MBDA

  6. *Disclaimer: Major Players sorted in no particular order
Europe Cruise Missile Market Concentration
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Europe Cruise Missile Market News

In November 2023, MBDA signed a sub-contract with PGZ (Poland) for enhanced ground-based air defence system capable of launching missiles to engage air threats. As per the deal, MBDA will develop more than 1,000 Common Anti-Air Modular Missiles Extended Range (CAMM-ER) and over 100 launchers. In April, MBDA and PGZ struck a similar USD 2.4 billion deal for short-range air defense.

In July 2022, the European Commission announced the Hypersonic Defence Interceptor Study (HYDEF) project with a funding of USD 106 million. The consortium consists of total 13 companies from seven European nations. Spanish Missile Systems (SMS) is responsible for project management. Meanwhile, Diehl Defence manages the technical implementation, from the development of the overall system to the interceptor itself. Hensoldt and Airbus are involved as national partners in the HYDEF project. 

Europe Cruise Missile Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Launch Platform
    • 5.1.1 Air
    • 5.1.2 Sea
    • 5.1.3 Land
  • 5.2 Range
    • 5.2.1 Short-range Missiles
    • 5.2.2 Medium-range Missiles
    • 5.2.3 Long-range Missiles
  • 5.3 Country
    • 5.3.1 United Kingdom
    • 5.3.2 France
    • 5.3.3 Germany
    • 5.3.4 Italy
    • 5.3.5 Russia
    • 5.3.6 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 JSC Tactical Missiles Corporation
    • 6.1.2 Rafael Advanced Defense Systems Ltd.
    • 6.1.3 IAI (Israel Aerospace Industries)
    • 6.1.4 RTX Corporation
    • 6.1.5 Lockheed Martin Corporation
    • 6.1.6 MBDA
    • 6.1.7 The Boeing Company
    • 6.1.8 Kongsberg Gruppen ASA
    • 6.1.9 L3Harris Technologies, Inc.
    • 6.1.10 THALES
    • 6.1.11 Saab AB
    • 6.1.12 BAE Systems plc
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Cruise Missile Industry Segmentation

A cruise missile is a guided missile used against hostile targets to deliver a conventional or nuclear warhead through low-altitude flight to evade radar detection. Short-range missiles have a range of less than 300 km, while medium-range missiles have a range between 300 km and 1,000 km. On the other hand, the long-range missiles have a range exceeding 1,000 km.

The Europe cruise missile market is segmented by launch platform, range, and geography. By launch platform, the market has been segmented into air, sea, and land. By range, the market has been segmented into short-range missiles, medium-range missiles, and long-range missiles. The report also covers the market sizes and forecasts in 5 countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).

Launch Platform Air
Sea
Land
Range Short-range Missiles
Medium-range Missiles
Long-range Missiles
Country United Kingdom
France
Germany
Italy
Russia
Rest of Europe
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Europe Cruise Missile Market Research FAQs

How big is the Europe Cruise Missile Market?

The Europe Cruise Missile Market size is expected to reach USD 1.29 billion in 2025 and grow at a CAGR of 9.65% to reach USD 2.05 billion by 2030.

What is the current Europe Cruise Missile Market size?

In 2025, the Europe Cruise Missile Market size is expected to reach USD 1.29 billion.

Who are the key players in Europe Cruise Missile Market?

Kongsberg Gruppen ASA, RTX Corporation, Lockheed Martin Corporation, Rafael Advanced Defense Systems Ltd. and MBDA are the major companies operating in the Europe Cruise Missile Market.

What years does this Europe Cruise Missile Market cover, and what was the market size in 2024?

In 2024, the Europe Cruise Missile Market size was estimated at USD 1.17 billion. The report covers the Europe Cruise Missile Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Cruise Missile Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Cruise Missile Industry Report

Statistics for the 2025 Europe Cruise Missile market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Cruise Missile 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.