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Intercontinental Ballistic Missile - Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Intercontinental Ballistic Missile - Market SizeThe global Intercontinental Ballistic Missile market size is expected to reach US$ 11200 million by 2029, growing at a CAGR of 3.9% from 2023 to 2029.
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Intercontinental Ballistic Missile - Market
An intercontinental ballistic missile (ICBM) is a guided ballistic missile with a minimum range of 5,500 kilometres (3,400 mi) primarily designed for nuclear weapons delivery (delivering one or more thermonuclear warheads). Similarly, conventional, chemical, and biological weapons can also be delivered with varying effectiveness, but have never been deployed on ICBMs.
The market is mainly driven by the significant applications of Intercontinental Ballistic Missile in various end use industries. The expanding demands from the Ocean Military Defense and Land Military Defense, are propelling Intercontinental Ballistic Missile market. Land-based ICBM, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Submarine-based ICBM segment is estimated at % CAGR for the next seven-year period.
ICBMs are differentiated by having greater range and speed than other ballistic missiles: intermediate-range ballistic missiles (IRBMs), medium-range ballistic missiles (MRBMs), short-range ballistic missiles(SRBMs) and tactical ballistic missiles (TBMs).ICBMs can be deployed from multiple platforms. Some are land-based and submarine-based.
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Company Profiles:
• BAE Systems
• Boeing
• General Dynamics
• Lockheed Martin
• Northrop Grumman
Segment by Type:
• Land-based ICBM
• Submarine-based ICBM
by Application
• Ocean Military Defense
• Land Military Defense
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