According to Markntel Advisors Report, Ballistic Missiles Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Ballistic missiles follow a ball-like trajectory. Initially, these missiles are launched using propellant. After reaching a certain height, they fall due to the action of gravity. This whole motion creates a parabola (projectile motion).
Ballistic Missiles Market Research Report & Summary:
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.
Time Period Captured in the Report:
- Historical Years: 2020-2023
- Base Years: 2024
- Forecast Years: 2025-2030
Who are the Key Players Operating in the Ballistic Missiles Market?
The top companies of the Ballistic Missiles Market ruling the industry are:
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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What is included in Ballistic Missiles Market Segmentation?
The Ballistic Missiles Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- 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
- 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
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Ballistic Missiles Market Driver:
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.
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