Ballistic Missiles Market Volume, Growth and Strategic Review 2030

 Future of Executive Summary Ballistic Missiles Market: Key Dynamics, Size & Share Analysis

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. The main reason behind this growth is the increasing number of wars and conflicts across the globe. This pushes various nations to invest in ballistic missiles that can attack as well as defend against enemy missiles, drones, and aircraft.


Top Market Challenges Impacting the Ballistic Missiles Market Growth

Launching Ballistic Missiles without Precise Calculations – As traditional ballistic missiles cannot be controlled once launched, it is highly important to launch them with accurate and precise calculations so that they can reach their target without any collateral damage. If a missile is not accurate, it can lose the trust of various nations which can also shift them towards targeted cruise missiles that can be maneuvered during flight to reach the target. For instance, Iran launched the Emad missile, a variant of the Shahab-3 ballistic missile, on Israel’s Nevatim Airbase. The missile falls around 65 kilometers away from the target. As it was claimed by Iran that the missile was highly accurate and would fall within a radius of 1.2 kilometers of the target, it became a questionable circumstance among global organizations. Therefore, if a missile is not launched precisely, it can cause collateral damage and affect the country’s image, thus reducing the use of ballistic missiles and hence limiting the market’s growth.

Understanding the Core Segments in the Ballistic Missiles Market

Ballistic Missiles Market Size, Share & Industry Trends Analysis- By Range (Short-Range Ballistic Missiles, Medium-Range Ballistic Missiles, Intermediate-Range Ballistic Missiles, Intercontinental Ballistic Missiles), 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) and Others

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Geographical Analysis of the Ballistic Missiles Market

  • 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%. This is because the countries in this region have high conflicts with each other which inclines them towards investing in strengthening their defense, which would increase the adoption of robust ballistic missiles as well. 

Who Dominates the Ballistic Missiles Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

  • 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.

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