5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
India
Ballistic Missile Market - Growth, Trends, and Forecast (2020 - 2025)
The Market is Segmented by Launch Mode (Surface-to-surface, Surface-to-air, Air-to-surface, Air-to-air, Subsea-to-air), Range (Short-Range, Medium-Range, Intermediate-Range, Intercontinental), and Geography.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2024
Base Year:
2018
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
Major Players:
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
Market Overview
The ballistic missile market is anticipated to grow at a CAGR of above 6% during the forecast period.
- The increasing GDP and consequent growth in defense spending of countries across the globe are both expected to result in an increase in investments for the development and procurement of ballistic missiles, during the forecast period.
- The increasing national security concerns and border threats are driving the demand for the ballistic missile market during the forecast period.
- The development of nuclear ballistic missiles by major military superpowers is expected generate huge demand for ballistic missiles in the coming future.
Scope of the Report
The market studied is segmented by launch mode, range, and geography. By range, the ballistic missiles are classified into Short-range, Medium-range, Intermediate-range, and Intercontinental Ballistic Missiles.
- The short-range ballistic missiles are the missiles that have a range between about 150 km and 300 km.
- The medium-range ballistic missiles are the missiles that have a range between about 300 km and 3,500 km.
- The intermediate-range ballistic missiles are the missiles that have a range between about 3,500 km and 5,500 km.
- The intercontinental ballistic missiles are the missiles that have a range greater than 5,500 km.
| Launch Mode | |
| Surface-to-surface | |
| Surface-to-air | |
| Air-to-surface | |
| Air-to-air | |
| Subsea-to-air |
| Range | |
| Short-range | |
| Medium-range | |
| Intermediate-range | |
| Intercontinental |
| Geography | ||||||
| ||||||
| ||||||
| ||||||
| Rest of the World |
Report scope can be customized per your requirements. Click here.
Key Market Trends
Intercontinental Segment is Projected to Have the Highest Growth During the Forecast Period
Intercontinental segment of the market is expected to grow at the highest CAGR during the forecast period. Due to their advantages of high accuracy at higher ranges compared to small, medium and intermediate missiles, countries are now developing and test new and advanced ballistic missiles which are driving the growth of this segment during the forecast period. For, instance, Russia tested Topol MR intercontinental-range ballistic missile in February 2019 and Sarmat missile intercontinental ballistic missile in March 2018. Also, in Asia-Pacific, India successfully test-fired a long-range intercontinental ballistic missile (ICBM), Agni-V from the eastern state coast of Odisha. Such intensified development and testing of new intercontinental ballistic missiles is largely contributing to the growth of the market of the ballistic missiles.
To understand key trends, Download Sample Report
Asia-Pacific Region is Projected to Have the Highest Growth During the Forecast Period
Asia-Pacific is anticipated to have the highest growth during the forecast period. China is investing heavily in ballistic missile-related technologies, to deter incursions into the Chinese territory, by both aircraft and potential long-range strike weapons. Ballistic missile developments in North Korea also act as a key missile procurement driver for Japan and South Korea. India has undertaken a Ballistic Missile Defence Program to develop and deploy a multi-layered ballistic missile defense system to protect from rising ballistic missile threats from China and Pakistan.
To understand geography trends, Download Sample Report.
Competitive Landscape
The market concentration of players in the ballistic missiles market is high. The prominent players in the market are BAE Systems, General Dynamic Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, and DRDO. The government investments in the state-owned companies for the development of advanced ballistic missiles are helping the regional players increase their presence in the market. Also, partnerships between players in various fields like propulsion system, warhead design, body design, etc., are likely to help companies develop advanced missile systems, due to the sharing of technology.
Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Launch Mode
5.1.1 Surface-to-surface
5.1.2 Surface-to-air
5.1.3 Air-to-surface
5.1.4 Air-to-air
5.1.5 Subsea-to-air
5.2 Range
5.2.1 Short-range
5.2.2 Medium-range
5.2.3 Intermediate-range
5.2.4 Intercontinental
5.3 Geography
5.3.1 North America
5.3.1.1 US
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 UK
5.3.2.2 France
5.3.2.3 Russia
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 South Korea
5.3.3.4 Rest of Asia-Pacific
5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Vendor Market Share
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 BAE Systems
6.4.2 General Dynamic Corporation
6.4.3 Lockheed Martin Corporation
6.4.4 Northrop Grumann Corporation
6.4.5 DRDO
6.4.6 The Boeing Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
LINKS
JOIN US
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination.
Interested? Please email us
[email protected]© 2020. All Rights Reserved to Mordor Intelligence.