Ballistic Missile Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Launch Mode (Surface-to-Surface, Surface-to-Air, Air-to-Surface, Air-to-Air, Subsea-to-Air), By Range (Short-Range, Medium-Range, Intermediate-Range, Intercontinental), and By Region
Published Date: March - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationBallistic Missile Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Launch Mode (Surface-to-Surface, Surface-to-Air, Air-to-Surface, Air-to-Air, Subsea-to-Air), By Range (Short-Range, Medium-Range, Intermediate-Range, Intercontinental), and By Region
The worldwide ballistic Missile market, valued at approximately USD 5.2 billion in 2024, is expected to reach USD 7.3 billion by 2030, growing at a CAGR of approximately 5.8% during 2025-2030.
The worldwide ballistic Missile market is expected to witness a consistent CAGR during the forecast period. Rising security threats and cross-border concerns and increasing attention and investments by prominent authorities on enhancing border security are the major driving forces for the global ballistic missile market. Further, the ongoing research work and development of nuclear ballistic missiles and modernization of the military are the other significant factors that are likely to boost the demand for ballistic missiles globally.
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The surge in Investments in Defense Equipment Fuels the Market Demand
Nine nuclear powers spent $72.6 billion on their nuclear Automatic in 2020, as stated by International Campaign to Abolish Nuclear Automatic (ICAN). The United States was the largest nation that spent $37.4 billion, being the highest spent amount in developing its nuclear Automatic and equipment, followed by China. The rest of the countries that trailed these nations were Russia, the United Kingdom, France, India, Israel, Pakistan, and subsequently North Korea. Ongoing growth in the gross domestic product of various nations enhances the capacity of nations to invest in various sectors, including military and defense. Defense forces are the most vital component of any nation since they assist in creating peace within the nation. They counter-terrorism operations and facilitate settlement of inter-border conflicts and internal issues. Governments all over the world are striving to establish defense forces having cutting-edge technology and equipment so that they could become capable to respond to any scenario. Particularly, the authorities of developed nations are raising defense spending to increase their defense force strength to remain superior all around the world. The increase in the national security concerns is driving the deployment of ballistic missiles for combat operations and border disputes. Thus, the rise in the government's expenditure on equipment procurement and R&D operations is likely to drive the growth of the global ballistic missile market during the next five years.
Advancements in Technology Support the Market Growth
Due to their increased focus on nuclear weapons, ballistic missiles are gaining popularity across the globe. They are in high demand for military applications as they have the capability for a range of deployments for different purposes. Market players are improving the accuracy and effect of ballistic missiles on the target and are spending exorbitant amounts on upgrading the existing structure of the ballistic missiles. Combing technology with rocket-propulsion system ballistic missiles can transform the ballistic missiles into Concrete-Market' target='_blank'>self-guided missiles for the desired target. Also, ballistic missiles can carry high-risk explosives such as nuclear, biological, and chemical munitions. The advancements in technology and the launch of advanced ballistic missiles are expected to propel the growth of the global ballistic missiles market through the forecast period.
Market Segmentation
Market Players
Rafael Advanced Defense Systems, BAE Systems PLC, Lockheed Martin Corporation., Northrop Grumman Corporation, Rockwell Collins, Thales Group, General Dynamic Corporation, DRDO, Raytheon Company, MBDA Inc., are the major market players operating in the global ballistic missile market.
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Attribute |
Details |
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Base Year |
2021 |
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Historic Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Launch Mode · Range |
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Regional scope |
North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
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Country scope |
United States; Canada; Mexico; China, India, Japan, Thailand, Indonesia, Australia, South Korea; Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland; Brazil, Argentina; Saudi Arabia, Iran, Israel, UAE, Turkey |
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Key companies profiled |
Rafael Advanced Defense Systems, BAE Systems PLC, Lockheed Martin Corporation., Northrop Grumman Corporation, Rockwell Collins, Thales Group, General Dynamic Corporation, DRDO, Raytheon Company, MBDA Inc. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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