Nuclear Missile And Bomb Market By Type (Nuclear Missiles, Gravity Bomb), By Missile Range (Short-range missiles, Medium-range missiles, Intermediate-range missiles, Intercontinental missiles), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2028

The global Nuclear Missile And Bomb Market was valued at xx.x million in 2020 and projected to grow at a CAGR of xx.x% in the forecast period. Nuclear warheads can be delivered by means of either dropped by gravity or by nuclear missiles. Any missile that is capable of carrying a nuclear warhead can be termed as a nuclear missile, and gravity bombs are dropped either by an aircraft or by a UAV. The global increase in military expenditure drives the need for nuclear missiles and bomb market.

The main reason for this growth of the market is expenditure is the conflicts among various countries and various security threats imposed externally and internally. The increasing threats of invasion, the quests of some nations for universal dominance, the volatile relations among the nations, and various technological advancements in the defence field are anticipated to drive the market growth in the forecast period.

There has been a gradual increase in the money spent to obtain modernized weaponry from all the countries across the world. This demands the countries allocate more budget for the defence sector in the near future. Military powerhouses, such as United Kingdom, United States, India, and China, are focused on augmenting their defensive capabilities and military firepower, in the wake of the growing threats from other nations.

The doubts in territorial rights and the nations’ rising quest for global governance are among the key causes disturbing the geopolitical climates. The most common reaction of governments to counter the treats is to surge military expenditure, in order to improve the security state in their particular economies.

As per the Stockholm International Peace Research Institute (SIPRI), the global military spending reached USD 1917 billion in 2019, surge of 3.6% from 2018, which is the largest annual development in spending since 2010. In 2019, United States, India, China, Saudi Arabia, and Russia were the five largest spenders. The development in defence budgets will support the nations to progress their combat involvements and help them perform their defence strategies as planned.

As nuclear weapons play a key role in the defence policies of all global nuclear powerhouses, a certain amount is being assigned in the defence budget for the development of nuclear missiles or weapons that are capable of delivering nuclear warheads. Thus, the growth in defence budgets will support the growth of the market in the forecast period.

Regional market:

The nuclear missile and bomb market has been segmented into key regions to understand the global demand and development patterns of this market. For the nuclear missile and bomb market, the segments by region are North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America, Western Europe, and Asia Pacific are anticipated to be key regions of the nuclear missile and bomb market. North America and Western Europe have been dominant players in this market with the presence of major companies, which have a strong infrastructure to boost the aerospace & defence sector.

In addition, some of the major countries like the US, France, UK, and Canada have been global exporters of aerospace & defence technologies due to established research & development centers, and others. Also, some of the major companies operating in the nuclear missile and bomb market are headquartered in these regions.

The Asia Pacific region is estimated to register the fastest-growing nuclear missile and bomb market since some of the major economies like China, India, and South Korea are present in the region. In recent decades, these economies have observed strong government expenditure on defence infrastructure, as well as supporting space research and air transport.

During the forecast period, the Middle East region is estimated to be a potential region for the nuclear missile and bomb market in the aerospace and defence sector. It is expected that Eastern Europe will have steady demand in the forecast period.

Market Segmentation:

By Type: 

  • Nuclear Missiles
  • Gravity Bomb

By Missile Range: 

  • Short-range missiles
  • Medium-range missiles
  • Intermediate-range missile
  • Intercontinental missiles

By Region:

North America Nuclear Missile And Bomb Market

  • North America, by Country 
    • S.
    • Canada 
    • Mexico 
  • North America, By Type
  • North America, By Missile Range

Europe Nuclear Missile And Bomb Market

  • Europe, by Country
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe
  • Europe, by Type
  • Europe, by Missile Range

Asia Pacific Nuclear Missile And Bomb Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific
  • Asia Pacific, by Type
  • Asia Pacific, by Missile Range

Middle East & Africa Nuclear Missile And Bomb Market

  • Middle East & Africa, by Country
    • UAE
    • Saudi Arabia
    • Qatar
    • Iran
    • Rest of Middle East & Africa
  • Middle East & Africa, by Type
  • Middle East & Africa, by Missile Range

South America Nuclear Missile And Bomb Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Rest of South America
  • South America, by Type
  • South America, by Missile range

The key players in the nuclear missile and bomb market are MBDA, Lockheed Martin Corporation, Thales Group, Raytheon Technologies Corporation, and Northrop Grumman Corporation. Companies in the market are focusing on developed missiles with lethality and higher speeds, which will assist them to gain new contracts with the militaries.

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