Technological advancements play a pivotal role in the refinement of nuclear weapons and missile systems, enhancing precision and accuracy. These advancements significantly improve the reliability of these weapons, ensuring they are more effective in achieving strategic objectives. For instance, in November 2023, Russia announced test launch of an intercontinental ballistic missile (ICBM), the Bulava, from one of its submarines. The submarine, named Emperor Alexander the Third, is part of Russia's Borei-class nuclear submarines and is designed to carry 16 Bulava missiles. According to the Federation of American Scientists, the Bulava is designed to carry up to six nuclear warheads. This capability allows a single missile to deliver multiple warheads to different targets or locations.
The progress in technology facilitates the expansion of both the range and payload capacity of nuclear missiles and is expected to drive the growth of the market. Extended ranges offer nations greater flexibility in deploying their nuclear capabilities, while increased payload capacity enables the delivery of more potent warheads. The developments in propulsion systems and guidance technologies contribute to the creation of more sophisticated and dependable delivery systems for nuclear missiles. This encompasses enhancements in propulsion efficiency, missile maneuverability, and the capability to evade anti-missile defenses.
Active nuclear bombs and missiles refer to those currently in operational deployment, maintained for immediate use as part of a nation's strategic defense. According to the Stockholm International Peace Research Institute, as of the beginning of 2022, nine countries-the U.S., Russia, the UK, France, China, India, Pakistan, Israel, and the Democratic People’s Republic of Korea (DPRK or North Korea)-had an aggregate of approximately 12,705 nuclear weapons. Among these, an estimated 9,440 were held in military stockpiles for potential use. Approximately 3,732 of these warheads were thought to be deployed with operational forces, with around 2,000 maintained in a state of high operational alert. Active weapons are regularly maintained, upgraded, and form a crucial part of a nation's strategic deterrent. Immediate readiness provides a deterrent effect and quick response capability in the face of potential threats. The growth of active arsenals is influenced by evolving geopolitical threats and the need for modernization to counter emerging challenges. Collectively, Russia and the U.S. account for more than 90 %of the world's nuclear weapons. Moreover, together, the U.S. and Russia collectively represent nearly two-thirds of the total expenditure in nuclear weapons worldwide. Notably, China is undergoing a significant expansion of its nuclear arsenal. Such factors are expected to drive the demand for active nuclear bombs and missiles.
Reserve and retired nuclear bombs and missiles are those placed in reserve storage or formally decommissioned after being withdrawn from active service. The arms reduction agreements, technological advancements, and diplomatic efforts to reduce the overall number of nuclear weapons in the world contribute to the rise in the number of reserve and retired nuclear bombs and missiles. Internationally, the total warheads of nuclear weapons are on a downward trend, although at a slower rate than observed over the past three decades. Notably, this reduction is driven by the ongoing dismantling of retired warheads by the U.S and Russia. In contrast, the count of warheads within global military stockpiles, specifically those allocated to operational forces, is experiencing a resurgence. While the U.S continues a gradual reduction of its nuclear arsenal, France and Israel maintain relatively steady inventories. Importantly, the deployed strategic nuclear forces of both countries adhered to the stipulated limits outlined in the bilateral nuclear arms reduction treaty known as the 2010 Treaty on Measures for the Further Reduction and Limitation of Strategic Offensive Arms, commonly referred to as New START.
The nuclear bombs and missiles market is segmented on the basis of type, range, status, and region. Based on type, it is segmented into aircraft bombers and land base missiles, inter-continental ballistic missiles (ICBM), submarine-launched ballistic missiles (SLBM), and others. On the basis of range, it is classified into less than 1,000km, 1,000Km to 5,000km, and greater than 5,000km. By status, it is categorized into active, and reserve and retired. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Airbus, ArianeGroup SAS, BAE Systems, Brahmos Aerospace, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corporation, and Boeing.
The progress in technology facilitates the expansion of both the range and payload capacity of nuclear missiles and is expected to drive the growth of the market. Extended ranges offer nations greater flexibility in deploying their nuclear capabilities, while increased payload capacity enables the delivery of more potent warheads. The developments in propulsion systems and guidance technologies contribute to the creation of more sophisticated and dependable delivery systems for nuclear missiles. This encompasses enhancements in propulsion efficiency, missile maneuverability, and the capability to evade anti-missile defenses.
Active nuclear bombs and missiles refer to those currently in operational deployment, maintained for immediate use as part of a nation's strategic defense. According to the Stockholm International Peace Research Institute, as of the beginning of 2022, nine countries-the U.S., Russia, the UK, France, China, India, Pakistan, Israel, and the Democratic People’s Republic of Korea (DPRK or North Korea)-had an aggregate of approximately 12,705 nuclear weapons. Among these, an estimated 9,440 were held in military stockpiles for potential use. Approximately 3,732 of these warheads were thought to be deployed with operational forces, with around 2,000 maintained in a state of high operational alert. Active weapons are regularly maintained, upgraded, and form a crucial part of a nation's strategic deterrent. Immediate readiness provides a deterrent effect and quick response capability in the face of potential threats. The growth of active arsenals is influenced by evolving geopolitical threats and the need for modernization to counter emerging challenges. Collectively, Russia and the U.S. account for more than 90 %of the world's nuclear weapons. Moreover, together, the U.S. and Russia collectively represent nearly two-thirds of the total expenditure in nuclear weapons worldwide. Notably, China is undergoing a significant expansion of its nuclear arsenal. Such factors are expected to drive the demand for active nuclear bombs and missiles.
Reserve and retired nuclear bombs and missiles are those placed in reserve storage or formally decommissioned after being withdrawn from active service. The arms reduction agreements, technological advancements, and diplomatic efforts to reduce the overall number of nuclear weapons in the world contribute to the rise in the number of reserve and retired nuclear bombs and missiles. Internationally, the total warheads of nuclear weapons are on a downward trend, although at a slower rate than observed over the past three decades. Notably, this reduction is driven by the ongoing dismantling of retired warheads by the U.S and Russia. In contrast, the count of warheads within global military stockpiles, specifically those allocated to operational forces, is experiencing a resurgence. While the U.S continues a gradual reduction of its nuclear arsenal, France and Israel maintain relatively steady inventories. Importantly, the deployed strategic nuclear forces of both countries adhered to the stipulated limits outlined in the bilateral nuclear arms reduction treaty known as the 2010 Treaty on Measures for the Further Reduction and Limitation of Strategic Offensive Arms, commonly referred to as New START.
The nuclear bombs and missiles market is segmented on the basis of type, range, status, and region. Based on type, it is segmented into aircraft bombers and land base missiles, inter-continental ballistic missiles (ICBM), submarine-launched ballistic missiles (SLBM), and others. On the basis of range, it is classified into less than 1,000km, 1,000Km to 5,000km, and greater than 5,000km. By status, it is categorized into active, and reserve and retired. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Airbus, ArianeGroup SAS, BAE Systems, Brahmos Aerospace, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corporation, and Boeing.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nuclear bombs and missiles market analysis from 2022 to 2032 to identify the prevailing nuclear bombs and missiles market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the nuclear bombs and missiles market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global nuclear bombs and missiles market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Aircraft Bomber and Land based missiles
- Inter-Continental Ballistic Missile (ICBM)
- Submarine-Launched Ballistic Missile (SLBM)
- Others
By Range
- Less Than 1,000km
- 1,000Km to 5,000km
- Greater than 5,000km
By Status
- Active
- Reserve and Retired
By Region
- North America
- U.S.
- Europe
- UK
- France
- Russia
- Asia-Pacific
- China
- India
- Pakistan
- North Korea
- LAMEA
- Israel
- MBDA
- Northrop Grumman Corporation
- BrahMos Aerospace
- Lockheed Martin Corporation
- Airbus
- BAE Systems
- Rafael Advanced Defense Systems Ltd.
- ArianeGroup SAS
- Boeing
- Raytheon Technologies Corporation
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NUCLEAR BOMBS AND MISSILES MARKET, BY TYPE
CHAPTER 5: NUCLEAR BOMBS AND MISSILES MARKET, BY RANGE
CHAPTER 6: NUCLEAR BOMBS AND MISSILES MARKET, BY STATUS
CHAPTER 7: NUCLEAR BOMBS AND MISSILES MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report titled, 'Nuclear Bombs and Missiles Market,' the nuclear bombs and missiles market was valued at $72.64 billion in 2020, and is estimated to reach $126.34 billion by 2030, growing at a CAGR of 5.4% from 2021 to 2030.Asia-Pacific dominates the market in terms of growth, followed by Europe, North America and LAMEA. U.S. dominated the global nuclear bombs and missiles market share in 2020, whereas China is expected to witness growth at a significant rate in the market during the forecast period.
Asia-Pacific dominates the market in terms of growth, followed by Europe, North America and LAMEA. U.S. dominated the global nuclear bombs and missiles market share in 2020, whereas China is expected to witness growth at a significant rate in the market during the forecast period.
The nuclear bombs and missiles industry holds great potential in the near future to change the scenario of global dominance and cross-border conflicts. Though nuclear weapons are not considered as a primary line of defense and first reaction weapons, they hold utmost importance during political conflicts and negotiations. Nations having nuclear capacities are releasing policies, allowing them to use nuclear weapons as they feel the need in case of disputes. Such establishments will give notable growth to the nuclear bombs and missiles market.
In addition, the nuclear bombs and missiles market is highly regulated by investment offered by government bodies, research organizations, corporate conglomerates, and think tanks. Think tanks are research and analytical bodies that demonstrate future needs and reasons to have nuclear arsenals. These think tanks often receive funding from several sources to continue their research work. The advisory boards of these think tanks often constitute former CXOs and top management members of companies manufacturing nuclear weapons. Twelve think tanks across the globe have disclosed funding of5.5 million to10.2 million in 2020 from corporate giants who are manufacturing nuclear weapons.
By type, the market is categorized into aircraft bomber and land-based missiles, intercontinental ballistic missile (ICBM), submarine-launched ballistic missile (SLBM), and others. The others segment includes all nuclear bombs and missiles that are retired or awaiting disarmament. The SLBM segment garnered the highest market share in 2020 and is projected to lead the market within the forecast timeframe. By range, the nuclear bombs and missiles market is categorized as less than 1,000km, 1,000Km to 5,000km, and greater than 5,000km. The North American and European region will have a higher market share within the 1,000km to 5,000km and greater than 5,000km range, whereas the Asia-Pacific will have a higher market share within the less than 1,000km range. The status segment accounted for active and retired/passive. The active segment is expected to dominate the market in terms of value whereas the retired/passive segment will exhibit an elevated growth rate within the forecast timeframe.
Factors such as the rise in geopolitical conflicts and increase in defense budget allocation toward nuclear expenditure, are expected to support the nuclear bombs and missiles market growth. For instance, the U.S. allocated 5.7% of the total defense budget toward nuclear weapon spending in 2021, which is expected to rise to 8.0% of the total defense spending in 2030. The nuclear arms acquisition race by superpowers such as the U.S. and Russia to accelerate business opportunism within the coming years. In 2021, the U.S. and Russia had 5,550 and 6,255 nuclear warheads and are expected to reach 6,380 and 6,734 by 2030 respectively. The expenditure by major companies such as Lockheed Martin, BAE Systems, Airbus, and Boeing, toward research, development, management, conducting exhibitions and seminars to conduct importance and feasibility of nuclear weapons will encourage nations to increase their budget allocation. In 2021, the lobbyists engaged in conducting seminars, exhibitions, and business meetings along with think tanks responsible for future planning and management received around120 million from corporate bodies and defense organizations, supporting business potential over the coming years.
Key findings of the Study
- By type, the submarine-launched ballistic missile (SLBM) segment leads the market during the forecast period.
- By range, the greater than 5,000km segment leads the market during the forecast period.
- By status, the active segment is expected to grow at a lucrative growth rate during the forecast period (2021-2030).
- Asia Pacific is anticipated to exhibit the highest CAGR during the forecast period.
Companies Mentioned
- MBDA
- Northrop Grumman Corporation
- BrahMos Aerospace
- Lockheed Martin Corporation
- Airbus
- BAE Systems
- Rafael Advanced Defense Systems Ltd.
- ArianeGroup SAS
- Boeing
- Raytheon Technologies Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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