Ballistic Missiles Market Set for Rapid Growth, Estimated to Reach USD 7.3 billion by 2030 at 5.8% CAGR: MarkNtel Adviso

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Ballistic Missiles Market, The Global Ballistic Missiles Market size was valued at around USD 5.2 billion in 2024 and is projected to reach USD 7.3 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.8% during the forecast period, i.e., 2025-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Ballistic Missiles Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

Forecast Period: 2025-2030
Market Size in 2024: USD 5.2 billion
CAGR (2025-2030): 5.8%

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Global Ballistic Missiles Market Segmentation Breakdown:

By Range
- Short-Range Ballistic Missiles- Market Size Forecast 2020-2030, USD Million
- Medium-Range Ballistic Missiles- Market Size Forecast 2020-2030, USD Million
- Intermediate-Range Ballistic Missiles- Market Size Forecast 2020-2030, USD Million
- Intercontinental Ballistic Missiles- Market Size Forecast 2020-2030, USD Million

Based on the range of ballistic missiles, the intercontinental ballistic missiles hold the largest share of the market around 59%.

By Launch Mode
- Surface to Surface - Market Size Forecast 2020-2030, USD Million
- Surface to Air- Market Size Forecast 2020-2030, USD Million
- Air to Air- Market Size Forecast 2020-2030, USD Million
- Air to Surface- Market Size Forecast 2020-2030, USD Million
- Subsea to Air- Market Size Forecast 2020-2030, USD Million
By Propulsion System
- Solid Propellant- Market Size Forecast 2020-2030, USD Million
- Liquid Propellant- Market Size Forecast 2020-2030, USD Million

Based on the type of propellant used, the ballistic missiles fueled by solid propellant dominate the market with a share of around 75%.

Geographical Growth Insights:

By Region

North America
South America
Europe
The Middle East Africa
Asia-Pacific

Regionally, the Asia-Pacific region is expected to dominate the market during the forecast period with a market share of around 38%.

MarkNtel Advisors Highlights Key Market Drivers for Ballistic Missiles Market:

High Speed Long Range of Ballistic Missiles – Ballistic missiles are mainly popular due to their high speed and ability to travel a long distance, that too at cheaper investments as compared to targeted missiles. This is because, unlike targeted missiles, ballistic missiles use propellant during half of their journey until it reaches a high altitude in the atmosphere, it falls under gravity which allows it to travel farther and at a very high speed which makes it difficult for radars to sense them. For instance, China has a DF-41 ballistic missile that can travel from 12,000 kilometers to 15,000 kilometers, that too with a speed of around Mach 25, i.e., 25 times the speed of sound, which is impossible to do by some other types of missiles to date. Additionally, ballistic missiles are also highly accurate and precise. Therefore, due to the irreplaceable speed and range of ballistic missiles, they have been highly popular across the globe, and these properties are expected to evolve continuously in the future, thus showing the growth environment of this market.

A Comprehensive Analysis of Leading Companies in Global Ballistic Missiles Market

Lockheed Martin, Northrop Grumman, General Dynamics, Israel Aerospace Industries, Safran, Ariane Group, Naval Group, Rosoboronexport, China Aerospace Corporation, Bharat Dynamics Limited, Korean People’s Army (KPA), Korean Aerospace Industries, Bae Systems, Aerojet Rocketdyne, Raytheon Technologies, MBDA, Rostec, Thales Group, Hanwha Group, Roketsan Roket Sanayii ve Ticaret A.S, Others

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Global Ballistic Missiles Industry Recent Development:

2023: Northrop Grumman has opened a Hypersonic Capability Center (HCC) in Elkton, Maryland. This facility aims to produce advanced propulsion systems that can power the hypersonic ballistic missiles at a speed more than Mach 5.
2023: Lockheed Martin signed a deal with the US Navy worth around USD 1.2 billion to modify Trident 2 as per the navy’s requirement. For this purpose, the company has also expanded the capacity of its facilities in California and Alabama.

What are the growth Opportunity driving the Global Ballistic Missiles Market?

Demand for Hypersonic Missiles Amid Deployment of Robust Defense Systems – Various nations have deployed highly effective missile defense systems that can sense ballistic missiles using advanced technologies and can destroy them in their path, mainly while entering the atmosphere from space. Some of the most prominent missile defense systems are THAAD, Aegis, S-400, Patriot (PAC-3), and so on. As a result, there is a continuously increasing demand for ballistic missiles, that can travel at high speed and make it difficult for defense systems to handle and counter them. This can be achieved by innovating the propulsion systems, using multi-stage technology, making lighter parts using 3D printing, using the boost-glide system, and so on. Therefore, due to the deployment of advanced missile defense systems, high-speed ballistic missiles are required to complete their purpose without getting in attention of any defense system.

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key subsegments, benefiting both market leaders and new entrants.

Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.

Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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