Ballistic Missiles Market Breakdown By Size, Share, Growth, Trends, and Industry 2030- MarkNtel Advisors

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Summary

The global ballistic missiles market is projected to grow from approximately USD 5.2 billion in 2024 to USD 7.3 billion by 2030, exhibiting a compound annual growth rate (CAGR) of around 5.8% during the forecast period of 2025-2030.

This growth is primarily driven by the increasing number of wars and conflicts worldwide, prompting nations to enhance their offensive and defensive missile capabilities.

Industry Trends and Drivers

  • High Speed and Long Range: Ballistic missiles are favored for their ability to travel long distances at high speeds with relatively lower investment compared to targeted missiles. For example, China's DF-41 ballistic missile can travel between 12,000 to 15,000 kilometers at speeds around Mach 25, making it challenging for radar systems to detect.
  • Demand for Hypersonic Missiles: The deployment of advanced missile defense systems like THAAD, Aegis, and S-400 has increased the demand for hypersonic ballistic missiles capable of evading these defenses. Innovations in propulsion systems and multi-stage technology are being pursued to meet this demand.
  • Challenges in Precision: The inability to control traditional ballistic missiles post-launch necessitates precise calculations to avoid collateral damage. Inaccuracies, such as Iran's Emad missile missing its target by 65 kilometers, highlight the importance of precision to maintain credibility and effectiveness.

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Segmentation and Region

  • By Range:
    • Short-Range Ballistic Missiles
    • Medium-Range Ballistic Missiles
    • Intermediate-Range Ballistic Missiles
    • Intercontinental Ballistic Missiles (ICBMs): Dominated the market with a 59% share due to their extended range and high-speed capabilities.
  • By Launch Mode:
    • Surface to Surface
    • Surface to Air
    • Air to Air
    • Air to Surface
    • Subsea to Air
  • By Propulsion System:
    • Solid Propellant
    • Liquid Propellant
  • By Region:
    • Asia-Pacific: Expected to dominate the market with a projected share of around 38%, driven by increased defense spending in countries like China and India.
Related Reports:

Market Leaders

Leading companies in the ballistic missiles market include:

  • Lockheed Martin
  • Northrop Grumman
  • General Dynamics
  • Israel Aerospace Industries
  • Safran
  • Ariane Group
  • Naval Group
  • Rosoboronexport
  • China Aerospace Corporation
  • Bharat Dynamics Limited
  • Korean Aerospace Industries
  • BAE Systems
  • Aerojet Rocketdyne
  • Raytheon Technologies
  • MBDA
  • Rostec
  • Thales Group
  • Hanwha Group
  • Roketsan Roket Sanayii ve Ticaret A.S

Full Report: https://www.marknteladvisors.com/research-library/ballistic-missiles-market.html

About Us

MarkNtel Advisors is a leading market research and consulting firm dedicated to providing in-depth analyses and strategic insights across various industries. Our team of experts leverages extensive data and industry knowledge to assist clients in making informed business decisions and achieving sustainable growth.

Contact Us

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  • Phone: +1 628 895 8081, +91 120 4278433
  • Email: [email protected]
  • Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh - 201301, India

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