Intercontinental ballistic missile, commonly termed as ICBM, is a guided ballistic missile that can deliver one or more nuclear warheads. When compared to other ballistic missiles such as the Medium-Range Ballistic Missile (MRBM) and Intermediate-Range Ballistic Missiles (IRBM), it has a minimum range of 5,500 kilometers and is faster and covers a bigger range. Modern ICBMs support Multiple Independently Targetable Re-Entry Vehicles (MIRVs), which allow a single missile to carry multiple re-entry vehicles (warheads), each of which can hit a separate target. Only a few countries have the technology to launch such long-range weapons, making ICBMs important nuclear deterrents. They can be deployed from a variety of locations, including missile silos, trucks, and submarines. The global intercontinental ballistic missile market is anticipated to witness significant growth during the forecast period.
Countries like Russia and the United States are growing their missile arsenals in response to rising border threats, national security concerns, and the changing character of conflict. They're also focusing on upgrading their existing missiles with new propulsion systems and warheads. Several countries, including North Korea, have also joined the weapons race and are concentrating their efforts on constructing new and more destructive ICBMs. Despite nuclear prohibitions, countries in the Middle East are focusing on producing ICBMs. All these factors support the growth of the global Intercontinental Ballistic Missile market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Range, Payload, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Israel Aerospace Industries Ltd., Aerojet Rocketdyne Holdings, Inc., BAE Systems, Boeing, General Dynamics Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Orbital ATK, Inc. |
Covid-19 Impact on Intercontinental Ballistic Missile Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Intercontinental Ballistic Missile Market Segment Overview
Based on the type, the Land-Based segment is projected to hold the largest share of the market during the forecast period. According to Range, the above 10,000 km segment is anticipated to grow at the highest CAGR during the forecast period. The increasing number of territorial disputes is boosting the demand for intercontinental ballistic missiles across the world.
Intercontinental Ballistic Missile Market, By Type
· Land-Based
· Submarine-Based
Intercontinental Ballistic Missile Market, By Range
· Above 10,000 Km
· Below 10,000 Km
Intercontinental Ballistic Missile Market, By Payload
· Multiple Warheads
· Single Warhead
Intercontinental Ballistic Missile Regional Overview
Based on region, Europe grasps maximum share of the market. Further, North America and Asia-Pacific are also major regions for the Intercontinental Ballistic Missile market. Asia-Pacific has become a profitable region for firms that are engaged in developing intercontinental ballistic missiles and related systems, owing to the growing focus of countries, such as India and China, to develop long-range missiles.
Intercontinental Ballistic Missile Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Intercontinental Ballistic Missile Market, Key Players
· Israel Aerospace Industries Ltd.
· Aerojet Rocketdyne Holdings, Inc.
· BAE Systems
· Boeing
· General Dynamics Corporation
· Lockheed Martin Corporation
· Northrop Grumman Corporation
· Orbital ATK, Inc.
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Intercontinental Ballistic Missile market during the forecast period?
Q2. What are the driving factors for the Intercontinental Ballistic Missile market?
Q3. Which Segments are covered in the Intercontinental Ballistic Missile market report?
Q4. Which segment is projected to hold the largest share in the Intercontinental Ballistic Missile Market?
Q5. Which are the prominent players in the Intercontinental Ballistic Missile Market?
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Intercontinental Ballistic Missile Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Land-Based
- 5.2.2. Submarine-Based
- 5.3. Market Analysis, Insights and Forecast – By Range
- 5.3.1. Above 10,000 Km
- 5.3.2. Below 10,000 Km
- 5.4. Market Analysis, Insights and Forecast – By Payload
- 5.4.1. Multiple Warheads
- 5.4.2. Single Warhead
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Intercontinental Ballistic Missile Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Land-Based
- 6.2.2. Submarine-Based
- 6.3. Market Analysis, Insights and Forecast – By Range
- 6.3.1. Above 10,000 Km
- 6.3.2. Below 10,000 Km
- 6.4. Market Analysis, Insights and Forecast – By Payload
- 6.4.1. Multiple Warheads
- 6.4.2. Single Warhead
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Intercontinental Ballistic Missile Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Land-Based
- 7.2.2. Submarine-Based
- 7.3. Market Analysis, Insights and Forecast – By Range
- 7.3.1. Above 10,000 Km
- 7.3.2. Below 10,000 Km
- 7.4. Market Analysis, Insights and Forecast – By Payload
- 7.4.1. Multiple Warheads
- 7.4.2. Single Warhead
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Intercontinental Ballistic Missile Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Land-Based
- 8.2.2. Submarine-Based
- 8.3. Market Analysis, Insights and Forecast – By Range
- 8.3.1. Above 10,000 Km
- 8.3.2. Below 10,000 Km
- 8.4. Market Analysis, Insights and Forecast – By Payload
- 8.4.1. Multiple Warheads
- 8.4.2. Single Warhead
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Intercontinental Ballistic Missile Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Land-Based
- 9.2.2. Submarine-Based
- 9.3. Market Analysis, Insights and Forecast – By Range
- 9.3.1. Above 10,000 Km
- 9.3.2. Below 10,000 Km
- 9.4. Market Analysis, Insights and Forecast – By Payload
- 9.4.1. Multiple Warheads
- 9.4.2. Single Warhead
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Israel Aerospace Industries Ltd.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Aerojet Rocketdyne Holdings, Inc.
- 10.6. BAE Systems
- 10.7. Boeing
- 10.8. General Dynamics Corporation
- 10.9. Lockheed Martin Corporation
- 10.10. Northrop Grumman Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
