Intercontinental Ballistic Missile market, to witness a11.7% CAGR during the forecast period

April, 2020 - Market Research Future Published a Report on Intercontinental Ballistic Missile (ICBM ) Market

Intercontinental Ballistic Missile Market Highlights

Intercontinental Ballistic Missile (ICBM ) Market Size Is Anticipated To Grow At A Usd $12.90 At 11.7% CAGR By 2021-2030.

The global intercontinental ballistic missile market is segmented into type, payload, range, and region. In case of range segment, the market is classified as above 10,000 km, and below 10,000 km This segment covers the intercontinental ballistic missiles that can hit targets beyond the range of 10,000 km. Countries such as US, Russia, among others are pioneers in long-range missiles while countries in the Asia Pacific regions, such as North Korea and China, are recently developing such missiles.

In case of technological development, thermal management of missile systems is the increasing demand for the ICBMs in several countries, across the globe, has resulted in the innovation of superior quality Thermal Protection System (TPS) to protect missile airframe from strength deterioration and malfunctioning of electronic packages due to severe aerodynamic heating. Therefore, the primary goal of TPS is to keep excessive heat away from the destruction or damage of the space vehicle and the components within it.

There is a high growth potential of Intercontinental ballistic missile market, factors such as the requirement of high investments, technical expertise, and regulatory acceptance required in the market deter the entry of new vendors. Moreover, the market has well-established players with wide geographic reach. It is difficult for the new entrants to attain the economies of scale, which the leading players already possess. Therefore, the new entrants present a very low threat to the major stakeholders of the market.

There is intense competition among the existing players in the market with the vendors investing extensively and using advanced technology to develop modern ICBMs. Therefore, the intensity of the competitive rivalry is high. As a result, it is expected that the global market would grow at a significant pace during the forecast period.

Market Research Analysis

The global intercontinental ballistic missile market comprises many global as well as regional players. The market is dominated by a few key players who have wide geographic coverage and possess superior technologies. These players try to grow and sustain in the market by adopting a mix of both organic and inorganic growth strategies. Intense competition, rapid advances in technology, and launch of new products and services are the key factors that fuel the market growth. Vendors compete on cost, product quality, range, and reliability. It is vital for these players to offer cost-effective and high technology ICBM to succeed in the competitive market environment.

Europe is the largest regional market for intercontinental ballistic missiles. It houses countries such as Russia, the U.K, and France, which has a huge reserve of weapons of mass destruction. Russia is investing heavily in modernization of warheads and delivery systems.

Scope of the Report

This study provides an overview of the global intercontinental ballistic missile market, tracking three market segments across four regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific, and the Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global intercontinental ballistic missile market by type, payloads, range, and region.

Global Intercontinental Ballistic Missile Market, By Type

• Land Based


• Submarine Based

Global Intercontinental Ballistic Missile Market, By Payload

• Multiple warheads


• Single Warhead

Intercontinental Ballistic Missile Market, By Range

• Above 10,000 km


• Below 10,000 km

Global Intercontinental Ballistic Missile Market, By Region

• North America


• Europe


• Asia Pacific


• Middle East & Africa

Key Players

The key players of the in-flight entertainment market are Aerojet Rocketdyne Holdings, Inc. (U.S.), BAE Systems (U.K), Boeing (U.S.), General Dynamics Corporation (U.S.), Israel Aerospace Industries Ltd. (Israel), Lockheed Martin (U.S.), Northrop Grumman Corporation (U.S.), and Orbital ATK, Inc. (U.S.).