Ballistic Missile Market by Launch Mode, Range, Application

List of Tables

[186 Pages Report] The Ballistic Missile Market size was estimated at USD 5.10 billion in 2023 and expected to reach USD 5.38 billion in 2024, at a CAGR 5.76% to reach USD 7.56 billion by 2030.

A ballistic missile is a type of missile that follows a ballistic trajectory to deliver one or more warheads on a predetermined target. Rocket engines propel these weapons into the upper atmosphere, and then they follow an unpowered arc to reach their target. The expansion in the use of ballistic missiles is driven by several factors, including advancements in missile technology, increasing defense budgets, and the desire of nations to enhance their strategic military capabilities and deter potential threats. However, the proliferation of ballistic missiles can increase tensions and instability in international relations, as countries may feel threatened by others' capabilities and take preemptive measures. Moreover, developing and maintaining ballistic missile arsenals are costly, diverting resources from potentially beneficial economic investments. Addressing these challenges requires international cooperation to establish and enforce arms control agreements that limit the development, deployment, and proliferation of ballistic missiles while promoting diplomacy to resolve conflicts. The future opportunities in the ballistic missile market are expected to be shaped by technological advancements that enhance the effectiveness, accuracy, and survivability of these weapons systems. This includes the development of hypersonic missiles, which travel at speeds greater than Mach 5 and can maneuver to evade missile defense systems, and the integration of artificial intelligence for improved targeting and decision-making processes.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.10 billion
Estimated Year [2024]	USD 5.38 billion
Forecast Year [2030]	USD 7.56 billion
CAGR (%)	5.76%

Launch Mode: High adoption of air-to-air ballistic missiles, suitable for a wide range of mission objectives

Air-to-air ballistic missiles are launched from aircraft towards another aerial target. This mode is characterized by the flexibility and mobility provided by the carrier aircraft, allowing the missile to be brought close to the target area before launch. The primary advantage of this mode is the ability to engage targets at high altitudes and at a significant distance, reducing the risk to the launching platform. In the Air-to-surface launch mode, missiles are deployed from aircraft towards ground targets. This allows for precise strikes against enemy installations or assets with minimal exposure to the launching aircraft. These types of missiles can be equipped with various warheads, making them suitable for multiple mission objectives, from neutralizing specific targets to causing broader infrastructural damage. Subsea-to-air launch mode involves the deployment of missiles from submarines or underwater platforms toward aerial targets. This mode is exceptionally stealthy, as the launch platform can remain hidden below the water's surface, making it difficult for enemies to detect the launch in advance. These missiles typically transition from underwater to aerial flight and require sophisticated technology to navigate and maintain accuracy after breaking the water's surface. Surface-to-air missiles are launched from the ground or sea surface towards airborne targets. This mode is crucial for defensive operations, including protecting valuable assets and population centers from aerial attacks. The effectiveness of surface-to-air missiles depends on their radar and tracking systems, which enable them to detect, track, and intercept fast-moving targets at various altitudes. Surface-to-surface missiles are launched from land or ship platforms towards ground or sea targets. This model is versatile and applicable in tactical and strategic operations, depending on the missile's range and payload. Surface-to-surface missiles can be used for direct attack missions, strategic asset destruction, or delivering payloads to specific locations without the need for air superiority or ground forces penetration.

Application: Growing need for ballistic missiles to tackle evolving threats in ocean military defense

Ballistic missiles have a significant role in modern land military defense strategies. Their primary use in land defense is to deter potential aggressions by providing the capability for a retaliatory strike, thus contributing to a concept known as "mutual assured destruction" in nuclear deterrence theory. They can be launched from various platforms, including silos, trucks, or trailers, allowing for mobility and strategic deployment within land-based military operations. Ballistic missiles targeted for land defense can reach enemy targets swiftly, often within minutes, making them critical in neutralizing threats before they can cause substantial damage. In ocean military defense, ballistic missiles are pivotal for naval forces, reinforcing a country's deterrence posture and operational capabilities on the high seas. These missiles can be launched from submarines (SLBMs - Submarine-Launched Ballistic Missiles) or surface ships, providing a stealthy and secure second-strike capability that is difficult for opponents to detect and counteract in advance. Using ballistic missiles in ocean defense enables forces to secure vast maritime areas, protect sea lanes of communication, deter maritime aggression, and support allies in regional security operations. Deployed from underwater platforms, SLBMs enhance a nation's nuclear triad by ensuring survivability and retaliation potential, which are crucial components in nuclear strategy.

Regional Insights

In the Americas, the ballistic missile market is robust, supported by significant defense budgets and a high level of technological advancement. The United States places a strong emphasis on missile defense systems owing to its strategic military posture and global security commitments. Programs to develop and enhance ballistic missile capabilities are well-funded, reflecting the region's focus on maintaining a technological edge in defense. Countries in Latin America have smaller markets, with activities mainly centered around procurement and upgrades of existing systems rather than the development of new technologies. European NATO members actively invest in missile defense systems in response to perceived regional threats, leading to moderate market growth. These investments often involve collaborations on multilateral defense projects, reflecting the region's interconnected security concerns. The Middle East, owing to ongoing regional tensions and the desire for military self-reliance, shows significant market activity. Countries such as Saudi Arabia and Israel are notable for their investments in advanced missile systems and defense capabilities. Asia-Pacific is witnessing rapid growth in the ballistic missile market, driven by escalating security tensions and an arms race among major countries. The region's diverse security concerns and rising defense budgets indicate a dynamic and expanding market for ballistic missiles and related technologies.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Ballistic Missile Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Ballistic Missile Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Ballistic Missile Market, highlighting leading vendors and their innovative profiles. These include Airbus SAS, Aselsan A.S., BAE Systems, Boeing Company, Denel SOC Ltd., Diehl Stiftung & Co. KG, General Dynamic Corporation, Israel Aerospace Industries, L3Harris Technologies Company, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Rheinmetall AG, Saab AB, Textron Inc, and Thales Group.

Market Segmentation & Coverage

This research report categorizes the Ballistic Missile Market to forecast the revenues and analyze trends in each of the following sub-markets:

Launch Mode
- Air-to-Air
- Air-to-Surface
- Subsea-to-Air
- Surface-to-Air
- Surface-to-Surface

Range
- Intercontinental
- Intermediate-Range
- Medium-Range
- Short-Range

Application
- Land Military Defense
- Ocean Military Defense

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Ballistic Missile Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Ballistic Missile Market?

3. What are the technology trends and regulatory frameworks in the Ballistic Missile Market?

4. What is the market share of the leading vendors in the Ballistic Missile Market?

5. Which modes and strategic moves are suitable for entering the Ballistic Missile Market?

Product Code: MRR-CA100284D121

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing number of border threats and rising national security concerns
  - 5.1.1.2. Rising defense expenditure and increasing investment in the development of ballistic missile
- 5.1.2. Restraints
  - 5.1.2.1. High cost of developing and deploying ballistic missiles
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in the design and features of ballistic missiles
  - 5.1.3.2. Strategic contracts for the deployment of new-age ballistic missiles
- 5.1.4. Challenges
  - 5.1.4.1. Performance limitations associated with limited deterrence and vulnerability
5.2. Market Segmentation Analysis
- 5.2.1. Launch Mode: High adoption of air-to-air ballistic missiles, suitable for a wide range of mission objectives
- 5.2.2. Application: Growing need for ballistic missiles to tackle evolving threats in ocean military defense
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Ballistic Missile Market, by Launch Mode

6.1. Introduction
6.2. Air-to-Air
6.3. Air-to-Surface
6.4. Subsea-to-Air
6.5. Surface-to-Air
6.6. Surface-to-Surface

7. Ballistic Missile Market, by Range

7.1. Introduction
7.2. Intercontinental
7.3. Intermediate-Range
7.4. Medium-Range
7.5. Short-Range

8. Ballistic Missile Market, by Application

8.1. Introduction
8.2. Land Military Defense
8.3. Ocean Military Defense

9. Americas Ballistic Missile Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Ballistic Missile Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Ballistic Missile Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. South Korea Embarks on Pioneering Development of Ship-Launched Ballistic Missile Program
- 12.3.2. Germany Invests in Enhanced National Defense with Raytheon's Patriot System
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio