The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Ballistic Missiles Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Ballistic Missiles Industry Analytical Overview (2025-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, 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. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2025 to 2030.
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What is Included in Ballistic Missiles Market Segmentation?
The report has segmented the market into the following categories:
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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Key Factor Driver Ballistic Missiles Industry Growth by 2030
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.
Who are the Key Players Operating in the Ballistic Missiles Industry?
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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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Ballistic Missiles Market?
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- Which geographical area dominates the Ballistic Missiles industry?
- Which is the Leading segment in the market?
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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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