Ballistic Missiles Market Size & Insights

As per recent study by MarkNtel Advisors 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.      

What are the Key DROs in the 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.

What are the Key Segments in the Ballistic Missiles Market?

The Ballistic Missiles is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

·       y Range

o   Short-Range Ballistic Missiles- Market Size & Forecast 2020-2030, USD Million

o   Medium-Range Ballistic Missiles- Market Size & Forecast 2020-2030, USD Million

o   Intermediate-Range Ballistic Missiles- Market Size & Forecast 2020-2030, USD Million

o   Intercontinental Ballistic Missiles- Market Size & Forecast 2020-2030, USD Million

·       By Launch Mode

o   Surface to Surface - Market Size & Forecast 2020-2030, USD Million

o   Surface to Air- Market Size & Forecast 2020-2030, USD Million

o   Air to Air- Market Size & Forecast 2020-2030, USD Million

o   Air to Surface- Market Size & Forecast 2020-2030, USD Million

o   Subsea to Air- Market Size & Forecast 2020-2030, USD Million

·       By Propulsion System

o   Solid Propellant- Market Size & Forecast 2020-2030, USD Million

o   Liquid Propellant- Market Size & Forecast 2020-2030, USD Million

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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%.

How does geographical analysis highlight in the Ballistic Missiles market?

Who are the Key Players in 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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Ballistic Missiles Market News

• 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.

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·       Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

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·       Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

·       Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

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Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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