Introduction , Intercontinental ballistic missile, commonly termed as ICBM, is a missile with the longest range. It is capable of delivering many types of weapons, namely, chemical, nuclear, and biological, and others. It is much faster than Medium-Range Ballistic Missile (MRBM) and Intermediate-Range Ballistic Missiles (IRBM). Nowadays, countries are aiming at developing new ICBMs with advanced propulsion systems that have greater range and high destructive power. For instance, modern ICBMs are being developed to support Multiple Independently Targetable Re-Entry Vehicles (MIRVs), enabling a single missile to carry multiple re-entry vehicles (warheads), each of which is capable of striking a different target. Presently, only a few nations possess the technology to launch such long-range weaponry. They can be deployed from multiple platforms, such as missile silos, trucks, and submarines., Due to factors such as increasing border threats, rising national security concerns, and changing dynamics of warfare, countries such as Russia, the U.S., are inclined towards enhancing their missile arsenal. They are also modernizing their old missiles with the new propulsion system and warheads. Concurrently, countries such as North Korea, have joined the arms race and are consistently focusing on developing new and more destructive ICBMs. Meanwhile, countries in the Middle East, such as Iran, are supposedly developing ICBM despite nuclear sanctions. Nowadays, possession of ICBMs has become a determining factor for evaluating the country’s military power and countries., , Regional Analysis, The global intercontinental ballistic missile market is estimated to witness a 5.89% CAGR during the forecast period of 2017-2023. In 2016, the market was led by Europe with 45.47% share, followed by North America and Asia Pacific with shares of 28.91% and 21.48%, respectively. Europe is the largest regional market for intercontinental ballistic missile. It houses countries such as Russia, U.K, and France, which have a huge reserve of weapons of mass destruction. Russia is investing heavily in the modernization of warheads and delivery systems. Recently, it has tested its latest and the most powerful intercontinental ballistic missile RS-28 Sarmat, and it claims that the missile can reach any point in the world. In addition, in 2015, U.K. had around 215 nuclear warheads. The country maintains a fleet of four nuclear-armed submarines in Scotland, each carrying 16 Trident missiles. This country also possesses a considerable stash of air and submarine-launched cruise and ballistic missiles respectively. Similarly, during the same period, the French Army had approximately 300 nuclear warheads, with most of them deployed on submarines equipped with M45 and M51 missiles. Therefore, the intercontinental ballistic missile market in Europe is projected to witness a CAGR of 5.76% during the forecast period.
Key Players: –
The key players of intercontinental ballistic missile market are Aerojet Rocketdyne Holdings, Inc. (U.S.), BAE Systems (U.K), Boeing (U.S.), General Dynamics Corporation (U.S.), Israel Aerospace Industries Ltd. (Israel), Lockheed Martin (U.S.), Northrop Grumman Corporation (U.S.), and Orbital ATK, Inc. (U.S.). Boeing, Lockheed Martin, and Northrop Grumman accounted for nearly 45% market share of the global market in 2016.
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- Intercontinental Ballistic Missile manufacturers
- Intercontinental Ballistic Missile Suppliers
- Intercontinental Ballistic Missile companies
- Key executive (CEO and COO) and strategy growth manager
To provide insights about factors, influencing and affecting the market growth.
To provide historically and forecast revenue of the market segments and sub-segments with respect to regional markets and their countries.
To provide historical and forecast revenue of the market segments based on types, application, end user and others.
To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market.
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Table of Contents:
1.2 Scope of Study
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 Primary Research
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
3.1.1 GROWING Demand for newly developed Intercontinental Ballistic Missile
3.1.2 Growing trend of Outsourcing
3.1.3 Growing Intercontinental Ballistic Missile Industry in developing nations
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 Porters Five forces Model
4.2 Bargaining power of suppliers
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 Threat of Substitutes
4.6 Intensity of Rivalry
5 global Intercontinental Ballistic Missile market, by Type
6 global Intercontinental Ballistic Missile market, By Application
7 global Intercontinental Ballistic Missile market, By Manufacturing Methods
7.1 In-House Manufacturing
7.2 Contract Manufacturing
8 Global Intercontinental Ballistic Missile market, by region
8.1 North America
8.4 Middle East & Africa
9 Competitive landscape
9.1 Major Strategies adopted by market players
9.1.1 STRATEGIC PARTNERSHIP
9.1.2 Merger & Acquisition
10 company profile
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