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. 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. Key Industry players in the Japan Cruise Missiles Market include Lockheed Martin, Raytheon Technologies, Northrop Grumman, Boeing, General Dynamics, 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. 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. 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. The Japan Cruise Missiles industry is experiencing rapid growth, driven by innovations in missile technology, rising demand for advanced defense systems, and a stronger focus on strategic deterrence. As the sector progresses, comprehensive market analysis becomes crucial for monitoring emerging trends, regulatory changes, and potential opportunities.

Next-Generation Cruise Missiles in Japan | Technology

The Japan Cruise Missiles Market is projected to grow from $1.4 billion in 2023 to $2.1 billion by 2031, with a CAGR of 5.20% from 2024 to 2031. The market includes long-range, precision-guided missile systems developed or procured by Japan for defense and strategic purposes. Key players include Lockheed Martin, Raytheon Technologies, Northrop Grumman, Boeing, General Dynamics, MBDA, Thales Group, Israel Aerospace Industries, BAE Systems plc, and Aerojet Rocketdyne. In April 2025, Japan's Ministry of Defense awarded a ¥32.3 billion ($219 million) contract to Mitsubishi Heavy Industries for the development of a new Surface-to-Ship/Surface-to-Surface precision-guided missile, with development scheduled from fiscal year 2024 to 2032. On June 24, 2025, Japan conducted its first domestic missile test using a Type 88 surface-to-ship short-range missile at the Shizunai Anti-Air Firing Range in Hokkaido, marking a significant advancement in its military capabilities and strategic deterrence posture.