Dublin, Jan. 23, 2026 (GLOBE NEWSWIRE) — The “Intercontinental Ballistic Missile Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031” has been added to ResearchAndMarkets.com’s offering.
The Global Intercontinental Ballistic Missile Market is projected to expand from USD 36.58 Billion in 2025 to USD 54.56 Billion by 2031, registering a CAGR of 6.89%.
The market is primarily propelled by the urgent necessity for major global powers to supersede antiquated Cold War-era delivery mechanisms, alongside rising geopolitical conflicts that demand strong deterrent capacities. As nations prioritize the advancement of systems featuring greater survivability and precision to ensure strategic balance, substantial capital is being directed into this sector; the International Campaign to Abolish Nuclear Weapons noted that in 2024, the nine nuclear-armed nations collectively invested over $100 billion in their arsenals.
Despite these strong growth indicators, the market confronts a major obstacle regarding exorbitant lifecycle expenses. The massive financial outlay necessary for the research, development, and continuous maintenance of these sophisticated weapon systems places a heavy strain on national defense budgets. In economic climates constrained by fiscal limitations, these high costs can precipitate program delays or reductions in procurement volume, thereby hindering market potential.
Market Drivers
The modernization of antiquated nuclear stockpiles serves as a primary engine for market growth, compelling nations to swap obsolete Cold War-era delivery systems for operational, digitized alternatives. This shift is motivated by the need to surmount the technological deficiencies of legacy hardware and guarantee reliability by incorporating digital engineering and modular open-system architectures.
Defense departments are dedicating significant funding to these long-term acquisitions, focusing on systems that provide enhanced maintainability and readiness. For instance, the U.S. Department of Defense’s ‘Fiscal Year 2025 Budget Estimates’ from March 2024 requested $3.7 billion explicitly for the engineering and manufacturing development of the LGM-35A Sentinel program, underlining the dedication to maintaining strategic deterrents through the renewal of land-based missile infrastructure.
Furthermore, intensifying geopolitical rivalries and regional friction are speeding up the procurement and deployment of intercontinental ballistic missiles. Major powers are enlarging their strategic forces to offset perceived threats and guarantee second-strike capabilities, resulting in the construction of new silo fields and mobile launcher units.
This competitive environment fuels a proliferation cycle wherein adversaries expand their inventories to circumvent evolving missile defense shields. According to the Stockholm International Peace Research Institute’s ‘SIPRI Yearbook 2024’ released in June 2024, China expanded its nuclear arsenal from 410 warheads in January 2023 to 500 by January 2024, a development requiring a proportional rise in delivery vehicles. Reuters reported in 2024 that the total estimated acquisition cost for the U.S. Sentinel program alone rose to roughly $141 billion, demonstrating the vast financial scale involved in addressing these strategic challenges.
Market Challenges
The prohibitive lifecycle costs tied to developing and maintaining strategic weapon systems represent a significant impediment to the expansion of the global intercontinental ballistic missile market. These programs demand massive capital expenditures, covering not just initial manufacturing but also the long-term infrastructure, testing, and sustainment required to guarantee operational readiness. In constrained fiscal environments, the immense scale of these financial commitments often compels governments to postpone modernization schedules or cut back on procurement volumes, effectively shrinking the potential market size.
This financial pressure introduces considerable uncertainty into long-term strategic planning. As expenses escalate, legislative bodies frequently insist on comprehensive programmatic reviews, which slow the momentum of existing contracts. According to the Arms Control Association in 2024, the projected acquisition cost for the U.S. Sentinel ICBM program climbed to nearly $141 billion, marking an 81 percent rise over initial estimates. Such severe budgetary variances demonstrate how financial volatility can directly obstruct market advancement by causing prolonged delays and forcing nations to reassess the scope of their investments in strategic deterrence.
Market Trends
The incorporation of Hypersonic Glide Vehicles (HGVs) for defense evasion is transforming the global intercontinental ballistic missile landscape by rendering conventional interception systems ineffective. Engineered to detach from the missile booster and maneuver at hypersonic velocities within the atmosphere, these vehicles generate unpredictable flight trajectories that bypass fixed radar and missile defense shields.
This technological evolution compels major powers to hasten their research and deployment of HGV-equipped systems to guarantee second-strike viability. As noted by Army Recognition in December 2024, in their report on ‘Russia Expands Strategic Nuclear Arsenal with Avangard Hypersonic Missile Deployment,’ the Russian Strategic Missile Forces have finalized the operational re-equipment of a missile division with Avangard hypersonic glide vehicles, vastly improving their capacity to breach modern defense networks.
Simultaneously, advancements in Multiple Independently Targetable Reentry Vehicles (MIRVs) are propelling market growth by optimizing the strike capabilities of individual launch platforms. By equipping a single missile with multiple warheads that can strike separate targets, nations are able to effectively saturate adversary defenses while enhancing the cost-efficiency of their strategic forces.
This trend is especially apparent in the swift enlargement of nuclear stockpiles among emerging strategic competitors moving beyond single-warhead capacities. According to the South China Morning Post in December 2024, in the report ‘China’s nuclear warheads total 600 and raise strategic stability concerns,’ Beijing has increased its operational arsenal to 600 warheads, a growth trajectory heavily supported by the deployment of advanced multi-warhead delivery systems.
Key Players Profiled in the Intercontinental Ballistic Missile Market:
- Lockheed Martin
- Northrop Grumman
- Boeing
- Raytheon
- BAE Systems
- LGM
- MBDA
- Russian Strategic Rocket Forces
- China Aerospace
- DRDO
Report Scope:
In this report, the Global Intercontinental Ballistic Missile Market has been segmented into the following categories:
Intercontinental Ballistic Missile Market, by Launch Mode:
- Surface-to-Surface
- Surface-to-Air
- Air-to-Surface
- Air-to-Air
- Subsea-to-Air
Intercontinental Ballistic Missile Market, by Range:
- Above 10,000 km
- Below 10,000 km
Intercontinental Ballistic Missile Market, by Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 180 |
| Forecast Period | 2025 – 2031 |
| Estimated Market Value (USD) in 2025 | $36.58 Billion |
| Forecasted Market Value (USD) by 2031 | $54.56 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/r49gmn
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- Intercontinental Ballistic Missile Market
