Next-Generation Cruise Missiles in Japan | Technology, Deployment & Market Trends | Major Players like - Lockheed Martin, Raytheon Technologies, Northrop Grumman, Boeing, General Dynamics

Japan Cruise Missiles Market reached US$ 1.4 billion in 2023 and is expected to reach US$ 2.1 billion by 2031, growing with a CAGR of 5.20%during the forecast period 2024-2031.

The Japan Cruise Missiles Market, as analyzed by DataM Intelligence, offers a comprehensive overview of the industry, supported by in-depth insights, historical trends, and key statistics. The report delves into market dynamics and the competitive landscape, highlighting profiles of major companies, their product portfolios, pricing approaches, financial performance, growth strategies, and global presence.

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Japan cruise missiles refer to long-range, precision-guided missile systems developed or procured by Japan for defensive and strategic purposes. These missiles are designed to fly at low altitudes, follow a predetermined flight path, and strike specific targets with high accuracy, enhancing Japan's ability to defend against regional threats.

Japan Cruise Missiles Market Key Developments

In April 2025, Japan's Ministry of Defense awarded a ¥32.3 billion (approximately $219 million) contract to Mitsubishi Heavy Industries (MHI) for the development of a new Surface-to-Ship/Surface-to-Surface precision-guided missile. This missile is expected to enhance Japan's counterstrike capabilities and is scheduled to enter the development phase from fiscal year 2024 to 2032.

On June 24, 2025, Japan conducted its first missile test on its own territory. The Japan Ground Self-Defense Force launched a Type 88 surface-to-ship short-range missile at the Shizunai Anti-Air Firing Range on Hokkaido's northernmost main island. This test marks a significant step in Japan's military buildup to deter increasingly assertive regional threats.

Key Industry players in the Japan Cruise Missiles Market

The prominent players in Japan Cruise Missiles market research report are: Lockheed Martin, Raytheon Technologies, Northrop Grumman, Boeing, General Dynamics,l MBDA, Thales Group, Israel Aerospace Industries, BAE Systems plc and Aerojet Rocketdyne.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

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Market Segments

By Type: Subsonic cruise missile, Supersonic cruise missile, Hypersonic cruise missile

By Launch Platform: Air-launched, Land-launched, Sea-launched; Underwater-launched

By Range: Short-range, Medium-range, Long-range

By Warhead Type: Conventional Warheads, Nuclear Warheads

By Propulsion System: Solid Propulsion, Liquid Propulsion, Hybrid Propulsion, Cryogenic, Others

The Japan Cruise Missiles industry is experiencing rapid growth, driven by innovations in medical technology, rising demand for advanced therapies, and a stronger focus on patient-centered care. As the sector progresses, comprehensive market analysis becomes crucial for monitoring emerging trends, regulatory changes, and potential opportunities.

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FAQs:

➠ What are the global figures for sales, production, consumption, imports, and exports in the Japan Cruise Missiles market?

➠ Who are the key players in the global Japan Cruise Missiles industry, and what is their operational performance in terms of capacity, output, sales, pricing, costs, and overall revenue?

➠ What opportunities and challenges are vendors facing in the global Japan Cruise Missiles market?

➠ Which product types or end-user applications are likely to experience the most growth? What is the market share of each segment?

➠ What are the main strategic approaches and limitations influencing the growth of the Japan Cruise Missiles market?

➠ What are the various sales, marketing, and distribution strategies used across the global Japan Cruise Missiles industry?


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