Intercontinental Ballistic Missile Market Projected to Reach USD 10,409.8 Million by 2023 at a Cagr of 5.89% | Global Key Players - Rocketdyne Holdings, BAE Systems, Boeing, General Dynamics, Israel Aerospace Industries, Lockheed Martin, Northrop Grumman

Global Intercontinental Ballistic Missile Market by Type (Land Based & Submarine Based), by Payload (Multiple warheads & Single Warhead), by Range (Above 10,000 km & below 10,000 km), and by Region - Forecast to 2023

The Intercontinental Ballistic Missile market is expected to grow at the CAGR of 5.89% during the period 2017 to 2023.

Get Sample Report @ https://www.marketresearchfuture.com/sample_request/5927

Market Highlights

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. Thus, the above 10,000 km range based intercontinental ballistic missile market segment is projected to grow at a higher CAGR of 5.97% during the forecast period.

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.

Browse Complete Report@ https://www.marketresearchfuture.com/reports/intercontinental-ballistic-missile-market-5927

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.).

Press Release Available @ https://www.marketresearchfuture.com/press-release/intercontinental-ballistic-missile-market

Competitive Landscape

Various growth strategies are being adopted by the key players to retain and/or expand their market share. 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.

Industry News

February 2018, The European Commission approved the acquisition of Orbital ATK by Northrop Grumman Corporation.

Aug-2017, Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. was selected by Northrop Grumman providing propulsion system support to Northrop Grumman's ground based strategic deterrent program.

Feb-2016, Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. was awarded a contract worth USD 3 million by Hill Air Force Base to evaluate various advanced technology propulsion systems for the Intercontinental Ballistic Missile (ICBM) Demonstration and Validation Post Boost Program.

February 2015, Orbital Sciences merged their operations with ATK Alliant Techsystems at USD 5 billion to provide support to the military assets globally.

Hence, intercontinental ballistic missile market is projected to reach USD 10,409.8 million by 2023 at a CAGR of 5.89% throughout the review period, 2017-2023.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Market Research Future
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.