The Global Rockets and missiles industry are both types of projectiles that are designed to be propelled through the air. However, there are some differences between the two. A rocket is a type of projectile that is propelled by the ejection of matter from the rear of the rocket. This matter, which is usually a gas or liquid, is expelled from the rocket at high speed, creating a reaction force that propels the rocket forward. Rockets are commonly used in space exploration, as well as for military and scientific purposes.

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Rocket and Missile Market Size, Share, Growth | Forecast [2029]
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Rocket and Missile Market Size, Share, Growth | Forecast [2029]

The global rocket and missile market is projected to grow from $61.96 billion in 2022 to $84.77 billion by 2029, at a CAGR of 4.58% in forecast period