Intercontinental Ballistic Missile Global Market Report 2025

The intercontinental ballistic missile market size has grown strongly in recent years. It will grow from $11.32 billion in 2024 to $12.02 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period is driven by the implementation of defense modernization plans, the increase in terrorist activities, the formation of strategic military alliances, escalating global security threats, and a growing emphasis on power projection capabilities.

The intercontinental ballistic missile market size is expected to see strong growth in the next few years. It will grow to $15.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period results from increasing focus on strategic deterrence, increasing complex global security environment, increasing emphasis on long range strike readiness, rising geopolitical rivalries, and increasing defense expenditures and regional security concerns. Major trends in the forecast period include advancement in missile propulsion systems, development of hypersonic glide vehicles, innovation in multi warhead deployment capabilities, advancement in stealth and countermeasure technologies, and development of AI driven command and control systems.

The expansion of missile manufacturing is expected to accelerate the growth of the intercontinental ballistic missile market going forward. Missile manufacturing refers to the process of designing, producing, and assembling missiles, including engines, guidance systems, and warheads, to create fully functional weapons for defense and military applications. Missile manufacturing is increasing due to rising defense budgets, as nations allocate greater funding to strengthen military capabilities and enhance national security. The expansion of missile manufacturing enhances intercontinental ballistic missile capabilities by advancing propulsion systems, guidance technologies, and warhead integration, ensuring improved reliability, extended range, and higher precision in strategic long range deterrence. For instance, in July 2025, according to Deloitte (Energy and Industrials), a UK based multinational professional services network, the U.S. Department of Defense procurement and research and development budget for missiles and munitions rose 340 percent to 30.6 billion dollars in fiscal year 2024, indicating continued expansion in the global solid rocket market. Therefore, the expansion of missile manufacturing is accelerating the growth of the intercontinental ballistic missile market.

Key companies operating in the intercontinental ballistic missile market are focusing on developing innovative solutions such as land based intercontinental ballistic missiles to enhance strategic deterrence and improve rapid response capabilities. Land based intercontinental ballistic missiles are long range missiles launched from land platforms that can deliver warheads across continents with high precision for strategic deterrence. For instance, in May 2025, the United States Air Force, a U.S. based government department, launched its second unarmed Minuteman III, a land based intercontinental ballistic missile used as a strategic nuclear deterrent. It is a three stage, solid fuel missile standing about 18.2 meters tall, weighing roughly 79,432 pounds, and capable of traveling over 6,000 miles at speeds of approximately 15,000 mph. Originally designed to carry up to three nuclear warheads, current versions are configured to carry a single warhead in compliance with arms control agreements. The missile is housed in hardened underground silos and is supported by a network of launch control centers and airborne launch control systems to ensure readiness and command reliability.

In May 2025, the Cyber Innovation Center (CIC), a US-based research foundation, partnered with the U.S. Air Force Global Strike Command (AFGSC) and awarded a contract to Stottler Henke Associates to enhance software that assists missileers in managing intercontinental ballistic missile (ICBM) operations. This collaboration is designed to accelerate the development and deployment of advanced technological solutions by fostering collaboration among government, industry, academic, and military sectors. The initiative focuses on closing critical technology gaps and strengthening warfighter effectiveness. Stottler Henke Associates Inc. is a US-based software development company specializing in artificial intelligence (AI)-driven scheduling, decision-support, and training systems.

Major players operating in the intercontinental ballistic missile market are Lockheed Martin Corporation, The Boeing Company, Raytheon Technologies Inc., China Aerospace Science and Technology Corporation (CASC), L3Harris Technologies Inc., Northrop Grumman Corporation, ArianeGroup, Israel Aerospace Industries, General Dynamics Corporation, Bharat Dynamics Limited (BDL), NPO Mashinostroyeniya, Moscow Institute of Thermal Technology (MITT), Roscosmos State Corporation, China Academy of Space Technology (CAST), State Rocket Center Makeyev (Makeyev Rocket Design Bureau)

North America was the largest region in the intercontinental ballistic missile market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intercontinental ballistic missile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

The intercontinental ballistic missile market research report is one of a series of new reports that provides intercontinental ballistic missile market statistics, including intercontinental ballistic missile industry global market size, regional shares, competitors with a intercontinental ballistic missile market share, detailed intercontinental ballistic missile market segments, market trends and opportunities, and any further data you may need to thrive in the intercontinental ballistic missile industry. This intercontinental ballistic missile market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

An intercontinental ballistic missile (ICBM) refer to a long-range missile engineered to travel extremely long distances, typically exceeding 5,500 kilometers, by following a high-arching ballistic trajectory that carries it into space before re-entering the atmosphere to strike its target. It is equipped with advanced propulsion and navigation technologies that enable it to traverse intercontinental distances with high speed and precision, making it a sophisticated strategic weapon.

The key types of intercontinental ballistic missiles include land-based intercontinental ballistic missiles, submarine-launched intercontinental ballistic missiles, and air-launched intercontinental ballistic missiles. Land-based intercontinental ballistic missiles are long-range weapons launched from fixed silos or underground sites on land, intended to deliver nuclear or conventional warheads across continents. They employ various propulsion systems such as solid propulsion, liquid propulsion, and hybrid propulsion, and can carry different payload configurations, including a single warhead or multiple independently targetable reentry vehicles (MIRV). They are deployed for various range categories, including short range, medium range, intermediate range, and intercontinental range, and are used in applications such as naval military defense and land military defense.

The countries covered in the intercontinental ballistic missile market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The intercontinental ballistic missile market consists of sales of missile launch systems, guidance systems, propulsion systems, reentry vehicles, warheads, command and control systems, and fuzes and arming mechanisms. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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