Global Intercontinental Ballistic Missile Market, By Type (Land- Based and Submarine- Based), Launch Mode (Surface-to-Surface, Surface-to-Air, Air-to-Air, Air-to-Surface, and Subsea-to-Air), Range (Above 10,000 km and below 10,000 km), Payload (Multiple Warheads and Single Warhead), Application (Ocean Military Defense and Land Military Defense), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Intercontinental Ballistic Missile Market
Data Bridge Market Research analyses that the intercontinental ballistic missile market would exhibit a CAGR of 5.10% for the forecast period. Growing expenditure to strengthen the position of defense sector, increased focus on equipping all kinds of weapons with advanced technologies, growth and expansion of security and surveillance industry and growing number of satellite communications are the major factors attributable to the growth of intercontinental ballistic missile market. Therefore, the intercontinental ballistic missile market value, which was USD 6,378.20 million in 2020, would rocket up to USD 9,495.54 million by 2028.
Intercontinental ballistic missiles are the guided ballistic missiles that exhibit a greater degree of accuracy and speed as compared to other ballistic missiles. These are capable of declaring warheads and can target a large chunk at the same time. Intercontinental ballistic missiles can be operated from various platforms such as missile silos, trucks, and submarines.
Growth in the number of border threats across the globe and rising national security concerns have resulted in growth in the intercontinental ballistic missile market value. The global focus to free the world of terrorism coupled with rising number of terrorist activities especially in the Middle East will also create lucrative growth opportunities for the intercontinental ballistic missile market. Increased government investments in the state-owned companies for the development of advanced ballistic missiles and rising technological advancements in the security and surveillance systems will also foster the intercontinental ballistic missile market growth. Rising geo-political tensions around the world and increasing partnerships between players in various fields such propulsion systems will further carve the way for the growth of the intercontinental ballistic missile market.
However, lack of technological expertise in the developing and underdeveloped economies will pose a major challenge to the intercontinental ballistic missile market growth rate. High costs involved with technological innovations will hamper the intercontinental ballistic missile market growth rate. Further, lack of a strong military budget in some economies, political volatility, trade wars and economic uncertainty will also restrict the scope of growth for the intercontinental ballistic missile market.
This intercontinental ballistic missile market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on intercontinental ballistic missile market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Intercontinental Ballistic Missile Market Scope and Market Size
The global intercontinental ballistic missile market is segmented on the basis of type, launch mode, range, payload and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the intercontinental ballistic missile market is segmented into land- based and submarine- based.
- On the basis of launch mode, the intercontinental ballistic missile market is segmented into surface-to-surface, surface-to-air, air-to-air, air-to-surface, and subsea-to-air.
- On the basis of range, the intercontinental ballistic missile market is segmented into above 10,000 km and below 10,000 km.
- On the basis of payload, the intercontinental ballistic missile market is segmented into multiple warheads and single warhead.
- On the basis of application, the intercontinental ballistic missile market is segmented into ocean military defense and land military defense.
Intercontinental Ballistic Missile Market Country Level Analysis
The global intercontinental ballistic missile market is analysed and market size insights and trends are provided by country, type, launch mode, range, payload and application as referenced above.
The countries covered in the intercontinental ballistic missile market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the intercontinental ballistic missile market and will continue to flourish its trend of dominance during the forecast period owing to the increasing sophisticated technology for business development and increasing investment in intercontinental ballistic missile technology. Asia-Pacific region is set to witness unprecedented growth during the forecast period. This is because of the increasing investment in defense sector and rising regional tensions.
The country section of the intercontinental ballistic missile market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Intercontinental Ballistic Missile Market Share Analysis
The intercontinental ballistic missile market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to intercontinental ballistic missile market.
The major players operating in the intercontinental ballistic missile market report are Lockheed Martin Corporation., Raytheon Technologies Corporation, MBDA Inc., General Dynamics Corporation, BAE Systems., Boeing., L3Harris Technologies, Inc., Thales Group, Textron Inc., Rheinmetall AG, Alliant Techsystems, IAI, Denel Dynamics, Northrop Grumman., Saab, Airbus S.A.S., Aselsan, Rafael Advanced Defense Systems Ltd., Diehl Stiftung & Co. KG, and Leonardo S.p.A. among others.
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