Global Ballistic Missile Market Valued at USD 81.2 Billion in 2022, Expected to Grow at a CAGR of 7.2% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Ballistic Missile market size accounted for USD 81.2 Billion in 2022, growing at a CAGR of 7.2% from 2023 to 2033. The ballistic missile market refers to the global industry involved in the development, production, and deployment of ballistic missiles. Ballistic missiles are long-range missiles that follow a parabolic trajectory once launched, typically powered by rocket engines. They are designed to carry and deliver warheads to specific targets, whether military installations, population centers, or other strategic locations. The market for ballistic missiles is influenced by various factors, including geopolitical tensions, national defense strategies, arms control agreements, and technological advancements. Demand for ballistic missiles is primarily driven by the need to modernize or expand existing military capabilities, ensure deterrence, and maintain a strategic edge.
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Key Highlights:
• The global Ballistic Missile Market size was valued at USD 81.2 billion in 2022 growing at a CAGR of 7.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Ballistic Missile Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Ballistic Missile market report also includes the following data points:
• COVID19 Impact on Ballistic Missile market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Ballistic Missile market
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Key Players
Some of the major Ballistic Missile players holding high market share include BAE Systems PLC, General Dynamic Corporation, Lockheed Martin Corporation, and Northrop Grumman Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• BAE Systems PLC
• General Dynamic Corporation
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• DRDO
• The Boeing Company
• MBDA Holdings SAS
• Rafael Advanced Defense Systems Ltd.
• Saab AB
• Kongsberg Gruppen ASA
Segmental Analysis
Market Segment By Launch Mode with focus on market share, consumption trend, and growth rate of Ballistic Missile Market:
o Surface-to-Surface
o Surface-to-Air
o Air-to-Surface
o Air-to-Air
o Subsea-to-Air
Market Segment By Range with focus on market share, consumption trend, and growth rate of Ballistic Missile Market:
o Short-range
o Medium-range
o Intermediate-range
o Intercontinental
Parameters Details
Market Size (2022) $ 81.2 Billion
CAGR (2023 to 2033) 7.2%
Market Segmentation Launch Mode, range
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Ballistic Missile Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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