MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Ballistic Missiles Market Research Report Forecast: (2025-2030). This report provides a detailed assessment of the Ballistic Missiles Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
Market Timeline Overview
- Historical Years: 2020–23
- Base Year: 2024
- Forecast Years: 2025–30
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
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Ballistic Missiles Market Outlook
According to the report, 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.
The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.
Ballistic Missiles Market Drivers:
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.
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Ballistic Missiles Market Trends:
Multi-Stage Ballistic Missiles Gaining Popularity – There is a continuous demand for missiles that can travel a longer distance and with a high speed, i.e., greater than Mach 5. This inclines makers to develop multi-stage ballistic missiles, that have more than one stage of propulsion. These missiles use the first propulsion while launching and others during the flight in the atmosphere. This helps them to achieve more speed as per the weight reduction and also aligns their path with their target. For instance, in 2022, Russia made the first test flight of the RS-28 Sarmat and it came into service in 2023. This missile has the longest distance traveling capability of around 18,000 kilometers, which is made possible by the 3-stage propulsion technique.
Ballistic Missiles Market Segmentation
The study categorizes the Ballistic Missiles Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
By Range
- Short-Range Ballistic Missiles
- Medium-Range Ballistic Missiles
- Intermediate-Range Ballistic Missiles
- Intercontinental Ballistic Missiles
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
Geographical Analysis
The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Leading Companies in Ballistic Missiles Market Worldwide: Players, Analysis & Future Outlook
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 are the top companies in the Ballistic Missiles Market.
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
- Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/ballistic-missiles-market.html
Frequently Asked Questions (FAQ)
- What is the projected growth rate of the Ballistic Missiles Market?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the Ballistic Missiles Market?
4. Who are the prominent players in the Ballistic Missiles Market?
5. How is the competition structured in this market?
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About Us
MarkNtel Advisors is a trusted market research and consulting firm with deep expertise in the aerospace and defense industry, covering space exploration, aircraft equipment, armed vehicles, avionics, and security & surveillance technologies. With a global presence across 80+ markets, we empower OEMs, defense contractors, and policymakers with actionable insights on modernization programs and technological innovation. Through our Consulting Services, we translate data into strategies that strengthen competitiveness, ensure operational readiness, and support informed decision-making within rapidly evolving global defense ecosystems.
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