Future Projections: Key Trends Shaping the Nuclear Missiles and Bombs Market Up to 2030

The nuclear missiles and bombs sector is poised for consistent growth as global defense priorities evolve amid shifting geopolitical dynamics. With technological advancements and modernization efforts underway, this market is set to experience notable expansion through 2030. Below, we explore the market's size projections, key players, emerging trends, and segmentation to provide a comprehensive overview.

Projected Expansion of the Nuclear Missiles and Bombs Market Size Through 2030
The nuclear missiles and bombs market is forecasted to expand steadily, reaching a valuation of $11.85 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 4.8% during the forecast period. Factors contributing to this increase include escalating geopolitical tensions, advancements in hypersonic weapon technology, ongoing modernization of nuclear arsenals, heightened competition in missile defense, and sustained investments in strategic deterrence. Prominent trends shaping the market involve updating nuclear deterrence systems, developing hypersonic delivery vehicles, enhancing missile precision, broadening submarine-launched missile capabilities, and integrating sophisticated command and control systems.

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Leading Organizations Driving the Nuclear Missiles and Bombs Market
Key players dominating the nuclear missiles and bombs industry include Lockheed Martin Corporation, Northrop Grumman Corporation, The Boeing Company, General Dynamics Corporation, RTX Corporation, BAE Systems plc, Thales Group, MBDA Missile Systems, Huntington Ingalls Industries Inc., Naval Group S.A., BWX Technologies Inc., Honeywell International Inc., L3Harris Technologies Inc., Leonardo S.p.A., Safran S.A., China Aerospace Science and Technology Corporation (CASC), Rostec State Corporation, Israel Aerospace Industries Ltd., Mitsubishi Heavy Industries Ltd., and Bharat Dynamics Limited.
A significant development took place in July 2023 when L3Harris Technologies acquired Aerojet Rocketdyne, a U.S.-based aerospace and defense firm specializing in land- and sea-based nuclear ballistic missile systems. This move is intended to bolster L3Harris's defense capabilities, fuel innovation in propulsion and missile technologies, and enhance competitiveness to better respond to emerging security threats.

Key Factors Propelling Growth in the Nuclear Missiles and Bombs Market
Leading companies in this market are concentrating on innovative nuclear cruise missile technologies to strengthen strategic deterrence, improve targeting precision, and extend operational reach. Nuclear cruise missiles are jet-powered, long-range weapons equipped with nuclear warheads that fly at low altitudes and can maneuver mid-flight, making interception and detection challenging.
For example, in June 2025, the United States Air Force introduced the AGM-181A Long-Range Standoff (LRSO) nuclear cruise missile. Designed by Raytheon, the LRSO will equip the B-21 Raider and modernized B-52 Stratofortress bombers as part of America's nuclear triad modernization efforts. This missile replaces the older AGM-86B Air Launched Cruise Missile and features advanced stealth capabilities, a range exceeding 1,500 miles, and the ability to bypass sophisticated air defense systems. Its trapezoidal body, wedge-shaped nose, and folding wings ensure survivability in GPS-denied and electronically contested environments.

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The Main Segments Defining the Nuclear Missiles and Bombs Market
This market is segmented based on several criteria:
1) By Type, including Intercontinental Ballistic Missiles (ICBMs), Submarine-Launched Ballistic Missiles (SLBMs), and Tactical Nuclear Weapons.
2) By Propulsion Type, including Solid Propellant, Liquid Propellant, and Boost-Glide Propulsion Systems.
3) By Missile Range, categorized as 1000km - 5000km and Greater Than 5000km.
4) By End-User Application, such as Strategic Military Forces, Tactical Military Forces, Naval Strategic Forces, and Air Force Strategic Strike Forces.

Further sub-classifications include:
- Intercontinental Ballistic Missiles divided into Land-Based ICBMs, Mobile ICBMs, and MIRV-Capable ICBMs.
- Submarine-Launched Ballistic Missiles broken down into Ballistic Missiles for Nuclear Submarines (SSBNs), MIRV-Equipped SLBMs, Next-Generation SLBMs, and Long-Range SLBMs.
- Tactical Nuclear Weapons split into Short-Range Ballistic Missiles (SRBMs) and Nuclear Gravity Bombs.

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This release was published on openPR.