Intercontinental Ballistic Missile Market Size

Intercontinental Ballistic Missile Market size is projected to grow at around 11.6% CAGR during the forecast period i.e., between 2025-2037.

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.