📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

US Intercontinental Ballistic Missile Market

ID: MRFR/A&D/12201-US | 100 Pages | Author: Garvit Vyas| December 2023
Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Intercontinental Ballistic Missile Market in North America: A Strategic Overview In the realm of intercontinental ballistic missiles (ICBMs), North America assumes a unique position, with the United States spearheading development endeavors in this region. The Stockholm International Peace Research Institute (SIPRI) underscores the U.S.'s dominant role, attributing over 35% of the global military expenditure to the country. This comprehensive analysis unravels the dynamics of the North American ICBM market, shedding light on key factors propelling its growth, substantial investments, and the strategic initiatives that underscore its trajectory. U.S. Dominance in ICBM Development: North America stands apart as the only region with active developments in intercontinental ballistic missiles, and at its helm is the United States. The U.S. has been a frontrunner in advancing ICBM capabilities, investing significantly in modernization projects and the replacement of aging missile systems. SIPRI's data underscores the U.S.'s preeminent position, reflecting not only its military prowess but also its commitment to fortifying its strategic deterrence capabilities. Strategic Investment and Military Expenditure: The United States, accounting for over 35% of global military expenditure, has allocated substantial resources to bolster its missile defense capabilities. Remarkably, the country has dedicated more than USD 40 billion to missile defense projects over the past 15 years. This staggering investment underscores the nation's unwavering commitment to advancing its defense capabilities, particularly in the realm of intercontinental ballistic missiles. Aging System Replacement and Nuclear Force Modernization: Two pivotal factors drive the growth of the ICBM market in North America — the replacement of aging intercontinental ballistic missile systems and the modernization of nuclear force capabilities. Recognizing the strategic imperative of maintaining a cutting-edge missile deterrent, the U.S. has undertaken significant initiatives in recent years. In a notable development in 2017, the U.S. Air Force awarded contracts to aerospace giants Boeing and Northrop Grumman. These contracts were earmarked for the critical task of replacing the aging Minuteman III intercontinental ballistic missile system, a testament to the nation's commitment to ensuring the reliability and effectiveness of its missile capabilities. Moreover, in 2016, Orbital ATK, Inc. entered into a contract with the U.S. Air Force, signaling a collaborative effort in researching design and development options for the intercontinental ballistic missile system. This strategic partnership highlights the collaborative approach adopted by industry leaders and government entities to stay at the forefront of missile technology. Sustained Research and Development Efforts: The commitment to advancing intercontinental ballistic missile capabilities is further underscored by sustained research and development efforts. In 2015, the U.S. Department of Defense awarded a substantial contract valued at USD 790 million. The objective was to support modifications and enhancements to the propulsion subsystems of intercontinental ballistic missiles. This investment demonstrates the U.S.'s dedication to staying ahead in technological innovation and ensuring the robustness of its missile systems. Market Projection for North America: The intercontinental ballistic missile market in North America is poised for robust growth, with a projected Compound Annual Growth Rate (CAGR) of 5.95% during the forecast period. This forecast reflects the region's strategic initiatives, substantial investments, and a commitment to maintaining a credible and formidable missile deterrent. Conclusion: As the sole active player in developing intercontinental ballistic missiles in the region, North America, led by the United States, stands at the forefront of missile technology. The substantial investments, strategic partnerships, and concerted efforts in aging system replacement and nuclear force modernization exemplify the region's commitment to ensuring the effectiveness of its missile capabilities. As the global landscape evolves, the intercontinental ballistic missile market in North America is not merely a reflection of military prowess but a testament to a proactive approach in safeguarding national security through cutting-edge missile technologies.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.