Intercontinental Ballistic Missile Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Launch Mode (Surface-to-Surface, Surface-to-Air, Air-to-Surface, Air-to-Air, Subsea-to-Air), By Range (Short-range, Medium-range, Intermediate-range, Intercontinental), By Region, Competition, 2018-2028

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 34 Billion

CAGR (2023-2028)

6.12%

Fastest Growing Segment

Subsea-to-Air

Largest Market

Asia Pacific


Market Overview

Global Intercontinental Ballistic Missile Market has valued at USD 34 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.12% through 2028. Intercontinental ballistic missiles (ICBMs) are guided ballistic missiles with a far greater range and speed than ordinary ballistic missiles. Intercontinental ballistic missiles are growing because governments are increasingly developing and testing new and advanced ballistic missiles, which are driven by their advantages of great precision at higher ranges compared to small, medium, and intermediate missiles. Furthermore, throughout the projection period, an increase in border threats and worries about national security will fuel demand for intercontinental ballistic missiles. The progressive missile system reduces the possibility of enemy strikes by making it impossible to identify the missiles' source. The market for intercontinental ballistic missiles is expected to have better growth possibilities in the upcoming years due to the increasing popularity of smokeless missiles.

Market Drivers

Geopolitical Tensions and National Security Concerns

One of the primary market drivers for ICBMs is the enduring presence of geopolitical tensions and national security concerns across the world. As countries seek to safeguard their sovereignty and protect their national interests, the acquisition and modernization of ICBMs are seen as crucial elements of their deterrence strategies. Geopolitical tensions often stem from territorial disputes, historical rivalries, ideological conflicts, and competition for scarce resources. In such an environment, countries view ICBMs as essential instruments of national security. These missiles act as a deterrent against potential adversaries, sending a clear signal that any aggression will be met with a powerful and devastating response. ICBMs offer a means of retaliation against adversaries in the event of a nuclear or conventional conflict. The ability to launch long-range missiles provides countries with the capability to strike distant targets, even those located on other continents. This enhances a nation's strategic posture, signaling its resolve and ability to defend itself effectively. In response to perceived threats or provocations, countries often seek to bolster their ICBM arsenals, invest in modernization efforts, and develop advanced capabilities to ensure the viability of their deterrence posture. These actions are motivated by the need to maintain a credible response capability in the face of evolving geopolitical dynamics. As geopolitical tensions persist and national security concerns remain at the forefront of international affairs, the global ICBM market continues to be driven by the imperative to secure and safeguard a country's strategic interests.

Nuclear Deterrence and the Triad Concept

Nuclear deterrence is a fundamental driver of the global ICBM market, and it is closely linked to the concept of the nuclear triad. The nuclear triad consists of three components: land-based ICBMs, submarine-launched ballistic missiles (SLBMs), and strategic bombers. Together, these components ensure a country's ability to deliver a nuclear strike from multiple platforms. The concept of the nuclear triad is grounded in the idea that diversifying the means of nuclear delivery enhances deterrence by making it more resilient and robust. Land-based ICBMs are a critical part of this triad, providing a reliable, rapid, and long-range delivery method for nuclear warheads. It reduces the risk that an adversary can launch a successful first strike to disarm a nation's nuclear capabilities. The redundancy of the triad ensures that even if one or two components are compromised, the third remains available. The triad enables a country to tailor its response to various scenarios, allowing for proportional or non-nuclear responses to different levels of aggression. The presence of the nuclear triad conveys a robust and diversified nuclear capability, enhancing the credibility of a nation's deterrence posture. As a result, countries with nuclear arsenals invest in the maintenance, modernization, and development of ICBMs to uphold their nuclear deterrence capabilities. The constant need to ensure the readiness and effectiveness of ICBMs is a driving force behind research and development activities in the global ICBM market. The nuclear triad and its role in nuclear deterrence are likely to remain fundamental drivers of the global ICBM market as countries continue to prioritize the modernization and sustainment of these critical systems.

Security and Defense Policy Changes

Changes in a country's security and defense policies can significantly influence the global ICBM market. These policy changes may involve shifts in national security strategies, defense postures, or arms control commitments, all of which can drive the development and deployment of ICBMs. One of the trends observed in the global ICBM market is the adaptation of security and defense policies in response to emerging threats and evolving strategic landscapes. Nations regularly assess their security challenges and update their defense policies to address new risks and challenges. For example, concerns about regional or global security may prompt a country to reevaluate its ICBM requirements. The emergence of potential adversaries with advanced military capabilities or nuclear ambitions can lead to a reinvigoration of ICBM programs. Additionally, the changing character of conflicts, such as an increased focus on precision strike capabilities, can drive adjustments in ICBM development. Conversely, diplomatic agreements or treaties related to arms control and disarmament may influence a country's ICBM programs. Commitments to reduce the number of deployed ICBMs, limit their modernization, or pursue disarmament initiatives can impact a nation's long-term strategic plans. Furthermore, changes in the leadership of a country can lead to shifts in defense policies and priorities. New leaders or administrations may have different perspectives on the role of ICBMs in their country's security strategy, potentially resulting in altered procurement and modernization strategies. As countries adapt their security and defense policies in response to evolving circumstances, the global ICBM market is influenced by these policy changes, either through increased investments in ICBMs or adjustments in arms control agreements.

Technological Advancements and Innovation

Technological advancements and innovation are pivotal drivers of the global ICBM market. The development and deployment of ICBMs depend on the integration of cutting-edge technologies that improve the missiles' performance, accuracy, survivability, and reliability. Advances in materials science, aerospace engineering, propulsion systems, and guidance and control technologies have a profound impact on ICBM development. For instance, improvements in solid or liquid propulsion systems can enhance a missile's range and payload capacity, while the integration of advanced materials can enhance its durability and stealth characteristics. Innovations in miniaturized and maneuverable re-entry vehicles allow for increased targeting precision and survivability against missile defenses. Advanced guidance systems, such as inertial navigation, stellar navigation, and satellite-based positioning, significantly enhance a missile's accuracy during flight. The development of multiple independently targetable re-entry vehicles (MIRVs) enables a single ICBM to carry multiple warheads, which enhances the missile's effectiveness by allowing it to strike multiple targets or deploy countermeasures. Additionally, research into countermeasures and stealth technologies can help ICBMs evade enemy missile defenses. These technological advancements enhance the survivability and credibility of ICBMs as a deterrent. The trend of technological advancements and innovation is further accelerated by the competition among nations to maintain or gain an edge in the ICBM market. Countries seek to leverage advances in science and technology to gain a strategic advantage in terms of both offensive and defensive capabilities, contributing to a dynamic and competitive global ICBM market.


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Key Market Challenges

International Arms Control and Non-Proliferation Agreements

One of the most significant challenges affecting the global ICBM market is the intricate web of international arms control and non-proliferation agreements. These agreements are designed to limit the spread of nuclear weapons and reduce the risk of nuclear conflict. They impose restrictions on the development, testing, deployment, and transfer of ICBMs and other delivery systems. The Treaty on the Non-Proliferation of nuclear weapons (NPT) is a cornerstone of international efforts to prevent the proliferation of nuclear weapons. Under the NPT, nuclear-armed states commit to nuclear disarmament, while non-nuclear-armed states pledge not to acquire nuclear weapons. ICBMs are central to the delivery of nuclear warheads, making their development and deployment subject to stringent arms control measures. Another important agreement is the Strategic Arms Reduction Treaty (START), which aims to reduce the number of deployed strategic nuclear weapons. The New START treaty, signed between the United States and Russia, imposes limits on the number of deployed ICBMs, submarine-launched ballistic missiles (SLBMs), and heavy bombers.

The Comprehensive Nuclear-Test-Ban Treaty (CTBT) is intended to prevent nuclear weapon states from conducting nuclear tests, including those related to ICBMs. Additionally, the Missile Technology Control Regime (MTCR) restricts the proliferation of missile technology that could be used in the development of ICBMs. These arms control agreements present a significant challenge to the global ICBM market because they limit the expansion and modernization of ICBM arsenals. Compliance with these agreements requires careful management of existing ICBMs, as well as efforts to reduce their numbers in line with treaty obligations. The challenge also lies in verifying compliance, as ICBM programs are often shrouded in secrecy, and countries may seek to conceal their actions to avoid international censure. Effective verification mechanisms are crucial, and the violation of arms control agreements can result in international tensions and diplomatic crises.

Resource and Financial Constraints

The development, deployment, and maintenance of ICBMs entail significant financial and resource commitments. Building and maintaining a robust ICBM arsenal requires substantial investment in research and development, manufacturing facilities, testing infrastructure, and personnel. The financial burden of ICBMs can strain a nation's defense budget. Smaller or economically challenged countries may find it difficult to allocate sufficient resources to support an ICBM program, especially when competing budgetary priorities exist, such as healthcare, education, and infrastructure development. For countries that already possess ICBMs, ongoing maintenance and modernization efforts represent a continuous financial challenge. ICBMs have a limited service life and require periodic refurbishment, upgrades, and replacements to ensure their reliability and effectiveness. The financial burden of these efforts can be substantial. Smaller countries that are interested in acquiring ICBMs may face obstacles related to funding and access to the necessary technological expertise. Developing an indigenous ICBM program often requires extensive financial resources, which can lead to a strain on national economies. Addressing the resource and financial constraints associated with ICBM programs requires careful planning and prioritization. Countries must weigh the strategic value of ICBMs against their financial capabilities and diplomatic considerations. In some cases, international partnerships and cooperation may be pursued to share the financial burden and pool resources.

Technological and Technological Challenges

Developing and maintaining ICBMs involve complex technological challenges that can be difficult to overcome. ICBMs are among the most technologically advanced weapons systems, requiring precision engineering, advanced materials, and cutting-edge propulsion and guidance systems. Achieving the necessary accuracy for an ICBM to hit a specific target thousands of kilometers away is a formidable technological challenge. Ensuring that the missile can withstand the stresses of launch, atmospheric re-entry, and terminal descent while maintaining its structural integrity is another key challenge. ICBM payloads, whether nuclear or conventional, must be designed to survive the rigors of re-entry into the Earth's atmosphere and deliver their warheads with precision. This requires sophisticated heat shields, guidance systems, and warhead release mechanisms. The propulsion systems of ICBMs must provide the necessary thrust to carry the missile to its intended target, and the engines must be reliable and efficient. Developing and testing these engines can be technologically demanding. Furthermore, the miniaturization of nuclear warheads to fit on ICBMs while maintaining their destructive power is a technical challenge in itself. Achieving the desired yield, safety features, and reliability while reducing the size and weight of warheads is an ongoing technological endeavor.

Global Security Concerns

The existence and proliferation of ICBMs present a significant global security concern. The possession of ICBMs capable of delivering nuclear warheads across continents is seen as a potential threat to international peace and stability. The mere presence of these missiles can escalate tensions between countries and regions. The development and deployment of ICBMs are often met with suspicion and concern from the international community. Countries that are perceived as pursuing ICBM programs may face diplomatic isolation, sanctions, and increased scrutiny from international organizations and watchdogs. The global security concerns associated with ICBMs are heightened when countries with political instability or conflicts acquire these weapons. The potential for miscalculation, accidents, or unauthorized use of ICBMs adds to the complexity of managing these missiles on the global stage. Additionally, the risk of proliferation to non-state actors or rogue nations is a persistent concern. The spread of ICBM technology and know-how can enable hostile actors to develop and deploy these missiles, which could threaten regional and global security.

Key Market Trends

Modernization and Development of Advanced ICBMs

A significant trend in the global ICBM market is the modernization and development of advanced ICBMs by both nuclear-armed states and emerging regional powers. These countries recognize the strategic importance of maintaining a credible and effective ICBM capability in their defense postures. Modernization efforts often involve upgrading existing ICBM systems to extend their service life, improve reliability, and enhance their capabilities. This may include the development of more advanced propulsion systems, miniaturized and maneuverable warheads, and improved guidance and targeting systems. Simultaneously, countries are investing in the development of next-generation ICBMs to replace aging systems and address emerging threats. These new ICBMs are designed to incorporate advanced technologies, such as improved re-entry vehicles, multiple independently targetable re-entry vehicles (MIRVs), and enhanced countermeasures to penetrate missile defenses. The modernization and development of advanced ICBMs reflect the evolving nature of global security challenges and the need for credible deterrence. These trends are driving research and development activities in the defense industry, spurring innovation, and contributing to the growth of the global ICBM market.

Increased Emphasis on Survivability and Penetrating Capabilities

Another notable trend in the global ICBM market is an increased emphasis on survivability and penetrating capabilities. As missile defense systems, such as ballistic missile interceptors, become more advanced and widespread, the need to ensure that ICBMs can overcome these defenses has grown.  Additionally, there is a focus on making ICBMs more maneuverable during the terminal phase of flight, which can make them more challenging targets for missile defense systems. Maneuverable re-entry vehicles and advanced guidance systems enable ICBMs to alter their trajectories and increase the difficulty of interception. MIRVs, which allow a single missile to carry multiple independently targetable warheads, enhance the ICBM's ability to saturate missile defenses. MIRVs can target different locations and create complex defense scenarios that are difficult to counter effectively. The emphasis on survivability and penetrating capabilities is driven by the recognition that the effectiveness of ICBMs as a deterrent relies on their ability to penetrate missile defenses and deliver their payloads. This trend shapes research and development efforts in the global ICBM market.

Improved Precision and Targeting Capabilities

Precision and targeting capabilities are essential components of modern ICBMs. Achieving accuracy in striking specific targets is crucial for the effectiveness of ICBMs, whether they are carrying nuclear or conventional warheads. The trend in the global ICBM market is the pursuit of improved precision and targeting capabilities. Advanced guidance systems, such as inertial navigation, stellar navigation, and satellite-based global positioning systems (GPS), enhance the accuracy of ICBMs during their flight. These systems enable ICBMs to adjust their trajectory and reach their intended targets with a high degree of precision. Moreover, the development of terminal homing and target discrimination technologies enables ICBMs to accurately identify and engage specific targets, even in complex and contested environments. These technologies are particularly relevant for conventional ICBMs that may be used for precision strike missions. The advancement of precision and targeting capabilities is driven by the desire to minimize collateral damage, reduce the risk of unintended escalation, and optimize the deterrence value of ICBMs. These trends contribute to the growth of the global ICBM market, as countries invest in technologies that enhance the effectiveness of their ICBM arsenals.

Diversification of ICBM Payloads

The global ICBM market is witnessing a trend toward the diversification of ICBM payloads. Traditionally, ICBMs have been associated primarily with nuclear warheads, serving as a key component of a country's nuclear triad. However, countries are now exploring the use of ICBMs to carry a wider range of payloads, including conventional warheads and advanced munitions. The diversification of ICBM payloads has several motivations. Conventional ICBMs can be employed in precision strike missions, providing a rapid and long-range means of targeting time-sensitive and high-value targets. This is particularly relevant in scenarios where a nuclear response may not be warranted, but a prompt and precise conventional strike is needed. Furthermore, the use of conventional warheads on ICBMs can enhance deterrence by demonstrating the versatility of a country's strategic capabilities. It can also provide an alternative option for responding to emerging threats and conflicts. Beyond conventional warheads, there is interest in exploring other payloads for ICBMs, such as anti-satellite (ASAT) weapons. ASAT capabilities enable countries to target and disrupt adversary satellite systems, which are crucial for modern military operations, communications, and reconnaissance. The ability to deploy ASAT payloads on ICBMs enhances a country's counterspace capabilities. The diversification of ICBM payloads reflects a broader trend in the global defense landscape, where countries seek to leverage their strategic assets for a wider range of missions and contingencies. It drives research and development activities in the ICBM market, as countries aim to adapt these missiles for various strategic roles.

Segmental Insights

Range Analysis

The segment with the highest projected growth during the forecast period is the intercontinental segment. Over the course of the projection period, the market's intercontinental sector is anticipated to grow at the fastest rate. Intercontinental ballistic missiles are being developed and tested by nations due to their superior accuracy at longer ranges when compared to small-, medium-, and intermediate-range missiles. This development could propel the segment's rise over the projection period. For example, the US Air Force is now developing the LGM-35A Sentinel weapon system, which is intended to replace the LGM-30G Minuteman III intercontinental ballistic missile system. Northrop Grumman was given a USD 13.3 billion contract in 2020 to develop this missile system.

 

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Regional Insights

Throughout the Forecast Period, Asia-Pacific is Expected to Record the Highest Growth. As a result of the tensions in the region, states have been boosting their defense spending in an effort to bolster their defense capacities, which should help the market expand. For example, the Ministry of Finance of China has declared that defense spending in the nation will total USD 230.16 billion in 2022, a 7.1% increase over the previous year, 2021. Instead of buying missiles from other countries, the majority of financially and technologically capable nations are now producing their own domestic missiles.

Recent Developments

  • September 2022: From the Vandenberg Space Force Base in California, the US Air Force declared that it had successfully launched an unarmed international ballistic missile outfitted with three test re-entry vehicles.
  • India conducted a nuclear-capable surface-to-surface intercontinental ballistic missile test in June 2022. It was launched from the island of Dr. APJ Abdul Kalam.

Key Market Players

  • BAE Systems PLC
  • General Dynamic Corporation
  • Lockheed Martin Corporation
  • Northrop Grumann Corporation
  • DRDO
  • The Boeing Company
  • MBDA Holdings SAS
  • Rafael Advanced Defense Systems Ltd
  • Saab AB
  • Kongsberg Gruppen ASA

By Launch Mode

By Range

By Region
  • Surface-to-Surface
  • Surface-to-Air
  • Air-to-Surface
  • Air-to-Air
  • Subsea-to-Air
  • Short-range
  • Medium-range
  • Intermediate range
  • Intercontinental
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Intercontinental Ballistic Missile Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Intercontinental Ballistic Missile Market, By Launch Mode:

o   Surface-to-Surface

o   Surface-to-Air

o   Air-to-Surface

o   Air-to-Air

o   Subsea-to-Air

  • Intercontinental Ballistic Missile Market, By Range:

o   Short-range

o   Medium-range

o   Intermediate range

o   Intercontinental

  • Intercontinental Ballistic Missile Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Intercontinental Ballistic Missile Market.

Available Customizations:

Global Intercontinental Ballistic Missile market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Intercontinental Ballistic Missile Market

5.    Global Intercontinental Ballistic Missile Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Launch Mode Market Share Analysis (Surface-to-Surface, Surface-to-Air, Air-to-Surface, Air-to-Air, and Subsea-to-Air)

5.2.2.     By Range Market Share Analysis (Short-range, Medium-range, Intermediate-range, Intercontinental)

5.2.3.     By Regional Market Share Analysis

5.2.3.1.         Asia-Pacific Market Share Analysis

5.2.3.2.         Europe & CIS Market Share Analysis

5.2.3.3.         North America Market Share Analysis

5.2.3.4.         South America Market Share Analysis

5.2.3.5.         Middle East & Africa Market Share Analysis

5.2.4.     By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Intercontinental Ballistic Missile Market Mapping & Opportunity Assessment

5.3.1.     By Launch Mode Market Mapping & Opportunity Assessment

5.3.2.     By Range Market Mapping & Opportunity Assessment

5.3.3.     By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Intercontinental Ballistic Missile Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value  

6.2.  Market Share & Forecast

6.2.1.     By Launch Mode Market Share Analysis

6.2.2.     By Range Market Share Analysis

6.2.3.     By Country Market Share Analysis

6.2.3.1.         China Market Share Analysis

6.2.3.2.         India Market Share Analysis

6.2.3.3.         Japan Market Share Analysis

6.2.3.4.         Indonesia Market Share Analysis

6.2.3.5.         Thailand Market Share Analysis

6.2.3.6.         South Korea Market Share Analysis

6.2.3.7.         Australia Market Share Analysis

6.2.3.8.         Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.     China Intercontinental Ballistic Missile Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value  

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Launch Mode Market Share Analysis

6.3.1.2.2.             By Range Market Share Analysis

6.3.2.     India Intercontinental Ballistic Missile Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value  

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Launch Mode Market Share Analysis

6.3.2.2.2.             By Range Market Share Analysis

6.3.3.     Japan Intercontinental Ballistic Missile Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value  

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Launch Mode Market Share Analysis

6.3.3.2.2.             By Range Market Share Analysis

6.3.4.     Indonesia Intercontinental Ballistic Missile Market Outlook

6.3.4.1.         Market Size & Forecast

6.3.4.1.1.             By Value  

6.3.4.2.         Market Share & Forecast

6.3.4.2.1.             By Launch Mode Market Share Analysis

6.3.4.2.2.             By Range Market Share Analysis

6.3.5.     Thailand Intercontinental Ballistic Missile Market Outlook

6.3.5.1.         Market Size & Forecast

6.3.5.1.1.             By Value  

6.3.5.2.         Market Share & Forecast

6.3.5.2.1.             By Launch Mode Market Share Analysis

6.3.5.2.2.             By Range Market Share Analysis

6.3.6.     South Korea Intercontinental Ballistic Missile Market Outlook

6.3.6.1.         Market Size & Forecast

6.3.6.1.1.             By Value  

6.3.6.2.         Market Share & Forecast

6.3.6.2.1.             By Launch Mode Market Share Analysis

6.3.6.2.2.             By Range Market Share Analysis

6.3.7.     Australia Intercontinental Ballistic Missile Market Outlook

6.3.7.1.         Market Size & Forecast

6.3.7.1.1.             By Value  

6.3.7.2.         Market Share & Forecast

6.3.7.2.1.             By Launch Mode Market Share Analysis

6.3.7.2.2.             By Range Market Share Analysis

7.    Europe & CIS Intercontinental Ballistic Missile Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value  

7.2.  Market Share & Forecast

7.2.1.     By Launch Mode Market Share Analysis

7.2.2.     By Range Market Share Analysis

7.2.3.     By Country Market Share Analysis

7.2.3.1.         Germany Market Share Analysis

7.2.3.2.         Spain Market Share Analysis

7.2.3.3.         France Market Share Analysis

7.2.3.4.         Russia Market Share Analysis

7.2.3.5.         Italy Market Share Analysis

7.2.3.6.         United Kingdom Market Share Analysis

7.2.3.7.         Belgium Market Share Analysis

7.2.3.8.         Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.     Germany Intercontinental Ballistic Missile Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value  

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Launch Mode Market Share Analysis

7.3.1.2.2.             By Range Market Share Analysis

7.3.2.     Spain Intercontinental Ballistic Missile Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value  

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Launch Mode Market Share Analysis

7.3.2.2.2.             By Range Market Share Analysis

7.3.3.     France Intercontinental Ballistic Missile Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value  

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Launch Mode Market Share Analysis

7.3.3.2.2.             By Range Market Share Analysis

7.3.4.     Russia Intercontinental Ballistic Missile Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value  

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Launch Mode Market Share Analysis

7.3.4.2.2.             By Range Market Share Analysis

7.3.5.     Italy Intercontinental Ballistic Missile Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value  

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Launch Mode Market Share Analysis

7.3.5.2.2.             By Range Market Share Analysis

7.3.6.     United Kingdom Intercontinental Ballistic Missile Market Outlook

7.3.6.1.         Market Size & Forecast

7.3.6.1.1.             By Value  

7.3.6.2.         Market Share & Forecast

7.3.6.2.1.             By Launch Mode Market Share Analysis

7.3.6.2.2.             By Range Market Share Analysis

7.3.7.     Belgium Intercontinental Ballistic Missile Market Outlook

7.3.7.1.         Market Size & Forecast

7.3.7.1.1.             By Value  

7.3.7.2.         Market Share & Forecast

7.3.7.2.1.             By Launch Mode Market Share Analysis

7.3.7.2.2.             By Range Market Share Analysis

8.    North America Intercontinental Ballistic Missile Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value  

8.2.  Market Share & Forecast

8.2.1.     By Launch Mode Market Share Analysis

8.2.2.     By Range Market Share Analysis

8.2.3.     By Country Market Share Analysis

8.2.3.1.         United States Market Share Analysis

8.2.3.2.         Mexico Market Share Analysis

8.2.3.3.         Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.     United States Intercontinental Ballistic Missile Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value  

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Launch Mode Market Share Analysis

8.3.1.2.2.             By Range Market Share Analysis

8.3.2.     Mexico Intercontinental Ballistic Missile Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value  

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Launch Mode Market Share Analysis

8.3.2.2.2.             By Range Market Share Analysis

8.3.3.     Canada Intercontinental Ballistic Missile Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value  

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Launch Mode Market Share Analysis

8.3.3.2.2.             By Range Market Share Analysis

9.    South America Intercontinental Ballistic Missile Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value  

9.2.  Market Share & Forecast

9.2.1.     By Launch Mode Market Share Analysis

9.2.2.     By Range Market Share Analysis

9.2.3.     By Country Market Share Analysis

9.2.3.1.         Brazil Market Share Analysis

9.2.3.2.         Argentina Market Share Analysis

9.2.3.3.         Colombia Market Share Analysis

9.2.3.4.         Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.     Brazil Intercontinental Ballistic Missile Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value  

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Launch Mode Market Share Analysis

9.3.1.2.2.             By Range Market Share Analysis

9.3.2.     Colombia Intercontinental Ballistic Missile Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value  

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Launch Mode Market Share Analysis

9.3.2.2.2.             By Range Market Share Analysis

9.3.3.     Argentina Intercontinental Ballistic Missile Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value  

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Launch Mode Market Share Analysis

9.3.3.2.2.             By Range Market Share Analysis

10.  Middle East & Africa Intercontinental Ballistic Missile Market Outlook

10.1.             Market Size & Forecast

10.1.1.  By Value   

10.2.             Market Share & Forecast

10.2.1.  By Launch Mode Market Share Analysis

10.2.2.  By Range Market Share Analysis

10.2.3.  By Country Market Share Analysis

10.2.3.1.      South Africa Market Share Analysis

10.2.3.2.      Turkey Market Share Analysis

10.2.3.3.      Saudi Arabia Market Share Analysis

10.2.3.4.      UAE Market Share Analysis

10.2.3.5.      Rest of Middle East & Africa Market Share Africa

10.3.             Middle East & Africa: Country Analysis

10.3.1.  South Africa Intercontinental Ballistic Missile Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value  

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Launch Mode Market Share Analysis

10.3.1.2.2.           By Range Market Share Analysis

10.3.2.  Turkey Intercontinental Ballistic Missile Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value  

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Launch Mode Market Share Analysis

10.3.2.2.2.           By Range Market Share Analysis

10.3.3.  Saudi Arabia Intercontinental Ballistic Missile Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value  

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Launch Mode Market Share Analysis

10.3.3.2.2.           By Range Market Share Analysis

10.3.4.  UAE Intercontinental Ballistic Missile Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value  

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Launch Mode Market Share Analysis

10.3.4.2.2.           By Range Market Share Analysis

11.  SWOT Analysis

11.1.             Strength

11.2.             Weakness

11.3.             Opportunities

11.4.             Threats

12.  Market Dynamics

12.1.             Market Drivers

12.2.             Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.             Company Profiles (Up to 10 Major Companies)

14.1.1.  DRDO

14.1.1.1.      Company Details

14.1.1.2.      Key Product Offered

14.1.1.3.      Financials (As Per Availability)

14.1.1.4.      Recent Developments

14.1.1.5.      Key Management Personnel

14.1.2.  Kongsberg Gruppen ASA.

14.1.2.1.      Company Details

14.1.2.2.      Key Product Offered

14.1.2.3.      Financials (As Per Availability)

14.1.2.4.      Recent Developments

14.1.2.5.      Key Management Personnel

14.1.3.  BAE Systems.

14.1.3.1.      Company Details

14.1.3.2.      Key Product Offered

14.1.3.3.      Financials (As Per Availability)

14.1.3.4.      Recent Developments

14.1.3.5.      Key Management Personnel

14.1.4.   General Dynamics Corporation.

14.1.4.1.      Company Details

14.1.4.2.      Key Product Offered

14.1.4.3.      Financials (As Per Availability)

14.1.4.4.      Recent Developments

14.1.4.5.      Key Management Personnel

14.1.5.  The Boeing Company.

14.1.5.1.      Company Details

14.1.5.2.      Key Product Offered

14.1.5.3.      Financials (As Per Availability)

14.1.5.4.      Recent Developments

14.1.5.5.      Key Management Personnel

14.1.6.  MBDA Holdings SAS.

14.1.6.1.      Company Details

14.1.6.2.      Key Product Offered

14.1.6.3.      Financials (As Per Availability)

14.1.6.4.      Recent Developments

14.1.6.5.      Key Management Personnel

14.1.7.  Lockheed Martin Corporation

14.1.7.1.      Company Details

14.1.7.2.      Key Product Offered

14.1.7.3.      Financials (As Per Availability)

14.1.7.4.      Recent Developments

14.1.7.5.      Key Management Personnel

14.1.8.  Northrop Grumman Corporation.

14.1.8.1.      Company Details

14.1.8.2.      Key Product Offered

14.1.8.3.      Financials (As Per Availability)

14.1.8.4.      Recent Developments

14.1.8.5.      Key Management Personnel

14.1.9.  Saab AB.

14.1.9.1.      Company Details

14.1.9.2.      Key Product Offered

14.1.9.3.      Financials (As Per Availability)

14.1.9.4.      Recent Developments

14.1.9.5.      Key Management Personnel

14.1.10.                Rafael Advanced Defense Systems Ltd.

14.1.10.1.    Company Details

14.1.10.2.    Key Product Offered

14.1.10.3.    Financials (As Per Availability)

14.1.10.4.    Recent Developments

14.1.10.5.    Key Management Personnel

15.  Strategic Recommendations

15.1.             Key Focus Areas

15.1.1.  Target Regions

15.1.2.  Target Launch Mode

15.1.3.  Target Range   

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Intercontinental Ballistic Missile Market was estimated to be USD 34 billion in 2022.

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The segment with the highest projected growth during the forecast period is the intercontinental segment. Over the course of the projection period, the market's intercontinental sector is anticipated to grow at the fastest rate. Intercontinental ballistic missiles are being developed and tested by nations due to their superior accuracy at longer ranges when compared to small-, medium-, and intermediate-range missiles. This development could propel the segment's rise over the projection period.

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Throughout the Forecast Period, Asia-Pacific is Expected to Record the Highest Growth. As a result of the tensions in the region, states have been boosting their defense spending in an effort to bolster their defense capacities, which should help the market expand. For example, the Ministry of Finance of China has declared that defense spending in the nation will total USD 230.16 billion in 2022, a 7.1% increase over the previous year, 2021. Instead of buying missiles from other countries, the majority of financially and technologically capable nations are now producing their own domestic missiles.

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Geopolitical Tensions and National Security Concerns, Nuclear Deterrence and the Triad Concept, and Security and Defense Policy Changes are the major drivers for the Global Intercontinental Ballistic Missile Market.

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Srishti Verma

Business Consultant
Press Release

Intercontinental Ballistic Missile Market to Grow with a CAGR of 6.12% Globally through to 2028

Dec, 2023

Geopolitical Tensions and National Security Concerns, Nuclear Deterrence and the Triad Concept, and Security and Defense Policy Changes are factors driving the Global Intercontinental Ballistic Missi

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