Global Ballistic Missiles Market Research Report Forecast: (2025-2030)

Ballistic Missiles Market - By Range (Short-Range Ballistic Missiles, Medium-Range Ballistic Missiles, Intermediate-Range Ballistic Missiles, Intercontinental Ballistic Missiles), By Launch Mode (Surf... ... 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 Read more

  • Aerospace & Defense
  • Jan 2025
  • 200
  • PDF, Excel, PPT

Market Definition

Ballistic missiles follow a ball-like trajectory. Initially, these missiles are launched using propellant. After reaching a certain height, they fall due to the action of gravity. This whole motion creates a parabola (projectile motion).

Market Insights & Analysis: Global Ballistic Missiles Market (2025-30):

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.

Report Coverage Details
  Historical Years   2020-23
  Base Years
  2024
  Forecast Years
  2025-30
  Market Value in 2024   USD 5.2 Billion
  Market Value in 2030   USD 7.3 Billion
  CAGR (2025-30)   5.8%
  Leading Region   Asia-Pacific
  Top Key Players 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
  Key Report Highlights
  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

 

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For instance, the war between Ukraine and Russia has increased the demand for such missiles in Ukraine for restocking various defense equipment. In 2024, the USA provided Ukraine with a defense package worth around USD 988 million, which consisted of munitions for HIMARS, a missile and rocket launch vehicle. As this vehicle can launch various ballistic missiles such as ATACMS, this deal most probably included such missiles. Moreover, various countries are investing in making or purchasing highly functional defense systems that can sense and destroy enemy missiles, aircraft, and drones. These systems first detect the speed, location, and other parameters of the incoming object using satellites, and then launch a guided missile with precise calculations such that it can hit the target before any damage is done by it.

For instance, Japan presented two contracts for making Aegis, a Ballistic Missile Defense (BMD) system. This deal is worth around USD 1.89 billion. The attack of such systems can be countered by launching multiple robust ballistic missiles that can move with high speed and can carry various warheads This is because the defense system cannot tackle all drops together as it can launch limited missiles only. Therefore, the high demand for ballistic missiles has been seen in the past years and this demand is expected to continue in the forecast period as well amid the increasing wars & conflicts, and the investments of countries in strengthening their attack and defense capabilities.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Ballistic Missiles Market Trends & Developments
  5. Global Ballistic Missiles Start-Up Ecosystem
  6. Global Ballistic Missiles Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Ballistic Missiles Market Regulations, Policies & Standards
  8. Global Ballistic Missiles Market Hotspot & Opportunities
  9. Global Ballistic Missiles Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Range
        1. Short-Range Ballistic Missiles- Market Size & Forecast 2020-2030, USD Million
        2. Medium-Range Ballistic Missiles- Market Size & Forecast 2020-2030, USD Million
        3. Intermediate-Range Ballistic Missiles- Market Size & Forecast 2020-2030, USD Million
        4. Intercontinental Ballistic Missiles- Market Size & Forecast 2020-2030, USD Million
      2. By Launch Mode
        1. Surface to Surface - Market Size & Forecast 2020-2030, USD Million
        2. Surface to Air- Market Size & Forecast 2020-2030, USD Million
        3. Air to Air- Market Size & Forecast 2020-2030, USD Million
        4. Air to Surface- Market Size & Forecast 2020-2030, USD Million
        5. Subsea to Air- Market Size & Forecast 2020-2030, USD Million
      3. By Propulsion System
        1. Solid Propellant- Market Size & Forecast 2020-2030, USD Million
        2. Liquid Propellant- Market Size & Forecast 2020-2030, USD Million
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      5. By Competition
        1. Competition Characteristics
        2. Market Share Analysis
  10. North America Ballistic Missiles Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Range- Market Size & Forecast 2020-2030, USD Million
      2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
      3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
      4. By Country
        1. The US
        2. Canada
    3. The US Ballistic Missiles Market, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
    4. Canada Ballistic Missiles Market, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
  11. South America Ballistic Missiles Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Range- Market Size & Forecast 2020-2030, USD Million
      2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
      3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
      4. By Country
        1. Brazil
        2. Rest of South America
    3. Brazil Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
  12. Europe Ballistic Missiles Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Range- Market Size & Forecast 2020-2030, USD Million
      2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
      3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
      4. By Country
        1. The UK
        2. Russia
        3. France
        4. Sweden
        5. Germany
        6. Rest of Europe
    3. The UK Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
    4. Russia Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
    5. France Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
    6. Sweden Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
    7. Germany Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
  13. The Middle East and Africa Ballistic Missiles Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Range- Market Size & Forecast 2020-2030, USD Million
      2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
      3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
      4. By Country
        1. Iran
        2. Israel
        3. Saudi Arabia
        4. Rest of Middle East & Africa
    3. Iran Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
    4. Israel Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
    5. Saudi Arabia Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
  14. Asia-Pacific Ballistic Missiles Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Range- Market Size & Forecast 2020-2030, USD Million
      2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
      3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
      4. By Country
        1. China
        2. India
        3. Japan
        4. North Korea
        5. South Korea
        6. Pakistan
        7. Rest of Asia Pacific
    3. China Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
    4. India Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
    5. Japan Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
    6. North Korea Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
    7. South Korea Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
    8. Pakistan Ballistic Missiles Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Range- Market Size & Forecast 2020-2030, USD Million
        2. By Launch Mode- Market Size & Forecast 2020-2030, USD Million
        3. By Propulsion System- Market Size & Forecast 2020-2030, USD Million
  15. Global Ballistic Missiles Market Key Strategic Imperatives for Success & Growth
  16. Competitive Outlook
    1. Company Profiles 
      1. Lockheed Martin
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Northrop Grumman
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. General Dynamics
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Israel Aerospace Industries
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Safran
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Ariane Group
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Naval Group
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Rosoboronexport
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. China Aerospace Corporation
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Bharat Dynamics Limited
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Korean People’s Army (KPA)
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Korean Aerospace Industries
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. BAE Systems
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Aerojet Rocketdyne
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Raytheon Technologies
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. MBDA
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      17. Rostec
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      18. Thales Group
        1.  Business Description
        2.  Operation Portfolio
        3.  Strategic Alliances or Partnerships
        4.  Recent Developments
        5.  Financial Details
        6.  Others
      19. Hanwha Group
        1.  Business Description
        2.  Operation Portfolio
        3.  Strategic Alliances or Partnerships
        4.  Recent Developments
        5.  Financial Details
        6.    Others
      20.   Roketsan Roket Sanayii ve Ticaret A.S.
        1. Business Description
        2. Operation Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      21. Others
  1. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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