Ballistic Missile Market Is Going to Boom | Lockheed Martin, Northrop Grumman, Boeing, Raytheon Technologies, MBDA

HTF MI just released the Global Ballistic Missile Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.

Major Giants in Ballistic Missile Market are:
Lockheed Martin, Northrop Grumman, Boeing, Raytheon Technologies, General Dynamics, BAE Systems, Thales Group, Rafael Advanced Defense Systems, MBDA, Aerojet Rocketdyne, Leonardo, L3Harris Technologies, Mitsubishi Heavy Industries, Safran, Kongsberg Gruppen, Bharat Dynamics, DRDO, China Aerospace Science and Technology Corporation, Rostec, Israel Aerospace Industries

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HTF Market Intelligence projects that the global Ballistic Missile market will expand at a CAGR of 7.6% from 2025 to 2032, from USD 44.7 Billion in 2025 to USD 81.3 Billion by 2032.

Our Report Covers the Following Important Topics:

By Type:
Intercontinental ballistic missiles (ICBMs), Medium-range ballistic missiles (MRBMs), Short-range ballistic missiles (SRBMs), Submarine-launched ballistic missiles (SLBMs), Tactical ballistic missiles

By Application:
National defense, Strategic deterrence, Naval forces, Air forces, Homeland security

The ballistic missile market involves the design, production, and deployment of guided missiles capable of carrying conventional or nuclear warheads over short, medium, and long ranges. These systems play a key role in national defense and strategic deterrence. Dominated by North America due to defense spending and technological leadership, the market is expanding rapidly in Asia-Pacific amid rising military modernization. Trends include hypersonic propulsion, AI-based guidance, and mobile launch systems. Challenges such as high costs, arms control treaties, and political concerns restrain growth. However, opportunities in hypersonic programs, defense exports, and integration with missile defense systems are driving strong demand.

Dominating Region:
North America

Fastest-Growing Region:
Asia-Pacific

Market Trends:
• Hypersonic missile development is a major trend.
• Integration of AI and advanced guidance systems is increasing.
• Mobile launch platforms are expanding in adoption.
• Defense collaboration programs between countries are rising.
• Miniaturized warhead technologies are advancing.

Market Drivers:
• Rising geopolitical tensions are driving demand for ballistic missile systems.
• National defense modernization programs are expanding procurement.
• Technological advancements in propulsion and guidance enhance missile capabilities.
• Growing investments in deterrence strategies sustain market growth.
• Increasing partnerships among defense contractors strengthen supply chains.

Market Challenges:
• High development and procurement costs limit adoption in smaller nations.
• Stringent arms control treaties create restrictions.
• Political backlash and ethical concerns hinder exports.
• Supply chain complexities slow deployment.
• Maintenance and lifecycle costs are high.

Market Opportunities:
• Growth in hypersonic missile programs creates opportunities.
• Export opportunities in developing defense markets expand revenue streams.
• Integration with missile defense systems enhances market potential.
• Increased R&D investments in advanced materials support innovation.
• Rising naval modernization programs fuel demand for SLBMs.

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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Ballistic Missile market segments by Types: Intercontinental ballistic missiles (ICBMs), Medium-range ballistic missiles (MRBMs), Short-range ballistic missiles (SRBMs), Submarine-launched ballistic missiles (SLBMs), Tactical ballistic missiles
Detailed analysis of Ballistic Missile market segments by Applications: National defense, Strategic deterrence, Naval forces, Air forces, Homeland security

Industry Insights
In August 2025, India successfully tested its Agni Prime ballistic missile, marking a major advancement in the nation's strategic deterrence capabilities. The trial was notable for using a rail-based mobile launcher, integrated directly with India's railway network, offering rapid deployment and enhanced concealment for the missile platform. This innovation enables quick response strategies and regional coverage, contributing to India's missile mobility initiative and acting as a key component in its multi-layered defense architecture.
In March 2024, India became one of the few countries globally to successfully test a ballistic missile with Multiple Independently Targetable Re-entry Vehicle (MIRV) technology. The Agni-5 MIRV test, conducted under Mission Divyastra, allows a single missile to deliver several warheads to distinct locations, which significantly strengthens India's strategic deterrence posture and puts it alongside countries like the United States, Russia, China, France, and the United Kingdom in possessing advanced MIRV capability.

M&A Activities
Thales made a strategic acquisition by purchasing RUAG's composites business in January 2024 to enhance its missile manufacturing and defense integration capabilities. This move strengthens Thales' vertical integration in the ballistic missile supply chain through advanced material technologies, bolstering its ability to deliver modern missile systems and maintain competitiveness in the growing market.

Global Ballistic Missile Market -Regional Analysis

• North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia, and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, Nordics, BALTIC Countries, Russia, Austria, and the Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam, etc.) & Rest
• Oceania: Australia & New Zealand

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Ballistic Missile Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
Five forces analysis-the threat of new entrants, the threat of substitutes, the threat of competition, and the bargaining power of suppliers and buyers-are carried out to better understand market circumstances.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Points Covered in Table of Content of Global Ballistic Missile Market:

Chapter 01 - Ballistic Missile Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Ballistic Missile Market - Pricing Analysis
Chapter 05 - Global Ballistic Missile Market Background or History
Chapter 06 - Global Ballistic Missile Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Ballistic Missile Market
Chapter 08 - Global Ballistic Missile Market Structure & worth Analysis
Chapter 09 - Global Ballistic Missile Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Ballistic Missile Market Research Method Ballistic Missile

Thank you for reading this post. You may also obtain report versions by area, such as North America, LATAM, Europe, Japan, Australia, or Southeast Asia, or by chapter.

Nidhi Bhawsar (PR & Marketing Manager)
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