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Intercontinental Ballistic Missile Market Segmentation By Launch Mode (Surface to Surface, Surface to Air, Air to Air, Sea to Air and Air to Surface); By Payload (Single Warhead and Multiple Warheads); By Product (Land Based and Submarine Based) – Global Demand Analysis and Opportunity Outlook 2028

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Extensive insights into the Growth of Intercontinental Ballistic Missile Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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  • May 06, 2020: The Centre for Strategic and International Studies claimed a new facility near Pyongyang International Airport in North Korea is linked to its ballistic missile programme. It has the capacity to accommodate country’s largest intercontinental ballistic missiles which can strike anywhere in the United States. The buildings of the facility are connected by a wide road network to allow easy movement of trucks.  


An Intercontinental Ballistic Missile (ICBM) is a guided missile with the primary objective of delivery of nuclear warheads. Most designs allow a single missile to carry multiple warheads which could strike different targets. Currently, Russia, China, the United States, France, India, United Kingdom and North Korea are the only countries which have operational ICBMs. They are meant for long distance attacks. They are one amongst the four types of ballistic missiles. The other three are medium-range ballistic missiles, short-range ballistic missiles and tactical ballistic missiles. Their origins lie in World War II, when the first design of an ICBM was made from Germany’s V2 rocket program. Since then, there have been massive technological changes making it more efficient, lethal and accurate.

Market Size and Forecast

Recent developments in geo-politics have made every nation apprehensive about its security. Many countries are planning to revamp their security apparatus and invest in intercontinental ballistic missile technology to gain an upper hand over their neighbors and other hostile nations. Owing to these factors, the intercontinental ballistic missile market is expected to grow at a significant CAGR during the forecast period 2020-2028. The market is segmented by product into land based and submarine based. The land based segment is anticipated to hold the leading market share and grow at the fastest rate on the back of rising border disputes and national security concerns across the world. CLICK TO DOWNLOAD SAMPLE REPORT


Growth Drivers

Increasing Defense Budgets of Countries across the World

As a result of increase in Gross Domestic Product (GDP) of countries, their defense budget is also increasing which is anticipated to drive the market growth over the next few years. Concerns for national security and frequent border disputes have made governments across the world apprehensive. To mitigate these fears, they are heavily investing in intercontinental ballistic missile weaponry to defend themselves. Intercontinental ballistic missile technology has become increasingly reliable and efficient over the years upon usage of cutting edge technology. This is anticipated to drive the market growth during the forecast period.

Increasing Investments in Research and Development Initiatives

Increasing investment in Intercontinental ballistic missile research and development to invent sophisticated technology that helps in efficient and accurate operation would help increase the demand for these missiles. Intercontinental ballistic missile market is bound to grow exponentially during the forecast period. Hence, use of sophisticated business intelligence technology, strategic management and machine learning would be prevalent.

Development of Nuclear Ballistic Missile by Superpowers

Nuclear Intercontinental Ballistic Missiles are being developed by the military superpowers of the world, which is a major growth factor anticipated to drive the market growth during the forecast period. Countries around the world are investing heavily in submarine based intercontinental ballistic missile to ward off security threats from the sea. This is expected to boost the market growth during the forecast period further.


High Cost of Technology

When the technology involved in developing the intercontinental ballistic missile becomes increasingly developed, the cost of innovation may increase significantly. The cost of the skilled labor involved in developing such technologies may also increase in the coming years, which is predicted to negatively affect the market growth during the forecast period.

Intense Competition

Due to rise in the key players dominating the market, the intense competition may squeeze the profit margins forcing the mid-scale companies to adopt different strategies. It is estimated to negatively affect the market growth during the forecast period.

Market Segmentation

Our in-depth analysis of the intercontinental ballistic missile market includes the following segments:

By Launch Mode:

  • Surface to air
  • Surface to surface
  • Air to surface
  • Sea to air
  • Air to air

By Payload:

  • Single warhead
  • Multiple warhead

By Product:

  • Land based
  • Submarine based

By Region:

On the basis of regional analysis, the intercontinental ballistic missile market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region out of which, the market in Europe is anticipated to hold the largest market share on the back of high investments in the intercontinental ballistic missile technology and increased spending towards defense sector in the region. Moreover, the market in Asia Pacific is anticipated to record the highest CAGR on the back of rapidly growing investments in the defense sector and growing border disputes in the region.

The global intercontinental ballistic missile market is further classified on the basis of regions as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Top featured companies dominating the market

Lockheed Martin

  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis

Northrop Grumman

General Dynamics Corporation

Rafael Advanced Defense Systems


BAE Systems PLC

Defence Research and Development Organisation

Israel Aerospace Industries

Aerojet Rocketdyne Holdings Inc.

Makeyev Rocket Design Bureau


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