Market Size of Nuclear Missiles And Bombs Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 92.21 Billion |
| Market Size (2029) | USD 117.44 Billion |
| CAGR (2024 - 2029) | 4.96 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Nuclear Missiles And Bombs Market Analysis
The Nuclear Missiles And Bombs Market size is estimated at USD 92.21 billion in 2024, and is expected to reach USD 117.44 billion by 2029, growing at a CAGR of 4.96% during the forecast period (2024-2029).
The increasing military expenditure and the rising threats for various nations due to border security issues and the growing terrorism, along with the advancements in hypersonic missile technologies are the major factors anticipated to drive the growth of the market. Companies have adopted collaboration, long-term agreements, joint ventures, and associations with the Atlantic Council, Brookings Institution, and Carnegie Endowment for International Peace as their key development strategies in the nuclear bombs and missiles market. However, the treaty on the prohibition of nuclear arms, which is intended to prohibit the use of nuclear weapons, may restrain the market growth during the forecast period.
Nuclear Missiles And Bombs Industry Segmentation
Nuclear missiles and bombs are nuclear weapons that are designed to release energy explosively as a result of nuclear fission, nuclear fusion, or a combination of the two processes. Nuclear warheads can be delivered by means of either nuclear missiles or can be dropped by gravity in the form of bombs.
The nuclear missiles and bombs market is segmented by type, missile range, and geography. By type, the market is segmented by nuclear missiles and nuclear bombs. By missile range, the market is segmented into less than 1000km, 1000km - 5000km, and greater than 5000km. The report also covers the sizes and forecasts for the market across different regions.
For each segment, the market sizing and forecasts have been provided in value (USD).
| Type | |
| Nuclear Missiles | |
| Gravity Bombs |
| Missile Range | |
| Less than 1000km | |
| 1000km - 5000km | |
| Greater than 5000km |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World |
Nuclear Missiles And Bombs Market Size Summary
The nuclear missiles and bombs market is poised for significant growth over the forecast period, driven by increasing military expenditures and the need for enhanced border security amid rising global threats. The advancements in hypersonic missile technologies are also contributing to this growth trajectory. Companies in the sector are engaging in strategic collaborations and partnerships with influential organizations to bolster their market presence. Despite these growth drivers, the market faces potential constraints from international treaties aimed at prohibiting nuclear weapons use. The nuclear missiles segment is expected to dominate the market due to their operational advantages over bombs, such as extended range and remote operation capabilities, which align with the rising defense budgets of various nations.
North America is anticipated to lead the market expansion, primarily due to the substantial budget allocations for nuclear weapons programs in the United States. The U.S. is actively modernizing its nuclear arsenal through initiatives like the NNSA’s Life Extension Program, ensuring the safety and reliability of its stockpile. The market is semi-consolidated, with key players such as MBDA, RTX Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, and THALES focusing on developing advanced, hypersonic nuclear-capable missiles. These developments are expected to secure new military contracts and facilitate technology transfer through strategic partnerships, further propelling market growth during the forecast period.
Nuclear Missiles And Bombs Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Nuclear Missiles
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2.1.2 Gravity Bombs
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2.2 Missile Range
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2.2.1 Less than 1000km
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2.2.2 1000km - 5000km
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2.2.3 Greater than 5000km
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Rest of the World
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Nuclear Missiles And Bombs Market Size FAQs
How big is the Nuclear Missiles And Bombs Market?
The Nuclear Missiles And Bombs Market size is expected to reach USD 92.21 billion in 2024 and grow at a CAGR of 4.96% to reach USD 117.44 billion by 2029.
What is the current Nuclear Missiles And Bombs Market size?
In 2024, the Nuclear Missiles And Bombs Market size is expected to reach USD 92.21 billion.
