Ballistic Missiles Market 2030: Key Companies, Player Strategies & Forecast

Amit Kumar
Oct 30
4 min read

Future Ballistic Missiles Market: Key Dynamics, Size & Share Analysis

The Global Ballistic Missiles Market size was valued at around USD 5.2 billion in 2024 and is projected to reach USD 7.3 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.8% during the forecast period, i.e., 2025-30. The main reason behind this growth is the increasing number of wars and conflicts across the globe. This pushes various nations to invest in ballistic missiles that can attack as well as defend against enemy missiles, drones, and aircraft.

Top Market Challenges Impacting the Ballistic Missiles Market Growth

High Speed & Long Range of Ballistic Missiles – Ballistic missiles are mainly popular due to their high speed and ability to travel a long distance, that too at cheaper investments as compared to targeted missiles. This is because, unlike targeted missiles, ballistic missiles use propellant during half of their journey until it reaches a high altitude in the atmosphere, it falls under gravity which allows it to travel farther and at a very high speed which makes it difficult for radars to sense them. For instance, China has a DF-41 ballistic missile that can travel from 12,000 kilometers to 15,000 kilometers, that too with a speed of around Mach 25, i.e., 25 times the speed of sound, which is impossible to do by some other types of missiles to date. Additionally, ballistic missiles are also highly accurate and precise. Therefore, due to the irreplaceable speed and range of ballistic missiles, they have been highly popular across the globe, and these properties are expected to evolve continuously in the future, thus showing the growth environment of this market.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Unlock exclusive insights into the Ballistic Missiles– request your free sample PDF now and explore key trends, growth drivers, and competitive strategies shaping the industry- https://www.marknteladvisors.com/query/request-sample/ballistic-missiles-market.html

Understanding the Core Segments in the Ballistic Missiles Market

Ballistic Missiles Market Size, Share & Industry Trends Analysis- By Range (Short-Range Ballistic Missiles, Medium-Range Ballistic Missiles, Intermediate-Range Ballistic Missiles, Intercontinental Ballistic Missiles), By Launch Mode (Surface to Surface, Surface to Air, Air to Air, Air to Surface, Subsea to Air), By Propulsion System (Solid Propellant, Liquid Propellant) and Others.

Geographical Analysis of the Ballistic Missiles Market

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

Who Dominates the Ballistic Missiles Market Insights on Key Industry Players?

Companies are strengthening their presence in the Ballistic Missiles market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

Northrop Grumman
General Dynamics
Israel Aerospace Industries
Safran
Ariane Group
Naval Group
Rosoboronexport
China Aerospace Corporation
Bharat Dynamics Limited
Korean People’s Army (KPA)
Korean Aerospace Industries
BAE Systems
Aerojet Rocketdyne
Raytheon Technologies
MBDA
Rostec
Thales Group
Hanwha Group
Roketsan Roket Sanayii ve Ticaret A.S.

Tap into future trends and opportunities shaping the Ballistic Missiles Download the complete report: https://www.marknteladvisors.com/research-library/ballistic-missiles-market.html

Why Choose This MarkNtel Advisors Research Report

Comprehensive Insights – Offers a 360° view of the market, combining qualitative and quantitative analysis for a deep understanding of trends, drivers, challenges, and opportunities.
Reliable Data Sources – Data is gathered through verified primary and secondary sources, ensuring accuracy and credibility.
Actionable Forecasts – Advanced predictive modeling and time-series analysis provide practical insights to guide strategic decisions and business planning.
Expert Analysis – Insights from industry experts help interpret complex market dynamics, delivering clarity beyond the numbers.
Customized & Strategic Reporting – The report includes detailed charts, graphs, and strategic recommendations tailored to support business growth and investment decisions.
Trusted Methodology – Built on rigorous research principles, including precise sampling, data validation, and forecasting techniques, reflecting the trust businesses place in MarkNtel Advisors.

"This report equips decision-makers with actionable intelligence, enabling them to navigate market complexities with confidence and foresight."

Gain exclusive access to our comprehensive insights on the Future of Ballistic Missiles Market. With tailored licensing options, including Mini Report Pack, Excel Data Pack, Single User, Multiuser, and Enterprise Packs, our research empowers organizations to navigate dynamic market trends effectively.

Select a License That Matches Your Business Requirements with Instant Offer - https://www.marknteladvisors.com/pricing/ballistic-missiles-market.html

About us:

MarkNtel Advisors is a trusted market research and consulting firm with deep expertise in the aerospace and defense industry, covering space exploration, aircraft equipment, armed vehicles, avionics, and security & surveillance technologies. With a global presence across 80+ markets, we empower OEMs, defense contractors, and policymakers with actionable insights on modernization programs and technological innovation. Through our Consulting Services, we translate data into strategies that strengthen competitiveness, ensure operational readiness, and support informed decision-making within rapidly evolving global defense ecosystems.

Trending blog: