What Is The Size Of Missile And Missile Defense Systems Industry?
Global Missiles and Missile Defence Systems market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.
The Missiles and Missile Defense Systems Market is largely driven by government spending on missiles and missile defense systems across national land and water borders is being driven by rising military budgets in response to rising geopolitical tensions among various countries and fears about terrorism.
Governments are boosting their military spending as a result of escalating geopolitical tensions and worries about terrorism, which is leading to significant investments in missile defense systems (and accompanying missiles) across its land and water borders.
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Global Missiles and Missile Defense Systems market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.
The Missiles and Missile Defense Systems Market is largely driven by government spending on missiles and missile defense systems across national land and water borders is being driven by rising military budgets in response to rising geopolitical tensions among various countries and fears about terrorism.
Governments are boosting their military spending as a result of escalating geopolitical tensions and worries about terrorism, which is leading to significant investments in missile defense systems (and accompanying missiles) across its land and water borders.
Global Missile And Missile Defense Systems Market By Range
The Global Missiles and Missile Defense Systems market is segmented by Cable Range into Short (Up to 1,000 kms), Medium (Between 1,000 kms and 3,000 kms), Intermediate (Between 3,000 kms and 5,500 kms) and Intercontinental (More than 5,500 kms).
The Short (Up to 1,000 kms) segment dominated the market in 2022. It is employed in regional conflicts in the past and in the future because of the close proximity of some nations, as well as its affordability and simplicity of configuration. The need for short-range missiles to protect against close, short-range threats from adversary attacks has been fueled by military conflicts involving numerous nations.
Global Missile And Missile Defense Systems Market By Missile Type
The Global Missiles and Missile Defense Systems Market is segmented by Missile type into Anti-aircraft Missiles, Anti-ship Missiles and Anti-tank Missiles.
The Anti-aircraft Missiles segment is expected to be the fastest growing market during the forecast period owing to the adoption of the anti-aircraft missile by various countries worldwide.
Anti-aircraft missiles are guided weapons intended to harm or kill airplanes and include surface-to-air missiles, air-to-air missiles, and subsurface-to-air missiles.
In June 2022, Germany promised to provide Ukraine with cutting-edge anti-aircraft systems.
Global Missile And Missile Defense Systems Market By Missile Defense System
The Global Missiles and Missile Defense Systems market is segmented by Missile Defense System into Surface-To-Surface Missiles, Surface-To-Air Missile, Air-To-Surface Missiles, Air-To-Air Missiles, Anti-Ship Missiles and Anti-Tank Missiles.
The Surface-To-Surface Missiles segment accounted for the highest market share in 2022 in the global missile and missile defense system market.
The growth is primarily due to Surface-to-air missiles (SAMs) of any type can be launched from the ground using missile launchers to combat incoming enemy missiles.
Global Missile And Missile Defense Systems Market By Geography
The Global Missiles and Missile Defense Systems market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.
North America accounted for the largest market share among all regions in 2022 owing to the rise in investments for defense and military systems in USA.
According to the U.S. Missile Defense Agency (MDA), in November 2020 a Standard Missile 3 (SM-3) Block IIA interceptor successfully destroyed an intercontinental-range ballistic missile (ICBM) target in a test for the first time. The SM-3 Block IIA is now the second American interceptor type to demonstrate this capability, a significant accomplishment. The effects for future weapons control and geopolitical stability are grave.
Key Topics Covered in the Report
- Snapshot of Missiles and Missile Defense Systems Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Missiles and Missile Defense Systems Market
- Historic Growth of the Overall Missiles and Missile Defense Systems Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Missiles and Missile Defense Systems Market Industry
- Overview, Disorder Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Missiles and Missile Defense Systems Market
- Future Market Forecast and Growth Rates of the Total Missiles and Missile Defense Systems Market and by Segments
- Market Size of Segments with Historical CAGR and Future Forecasts
- Analysis of the Missiles and Missile Defense Systems Market in Global Regions
- Major Missiles and Missile Defense Systems Type/Supply and Consumption/Demand Hubs in the Region
- Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within the Region
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Notable Key Players Mentioned in the Report
- MBDA Inc.
- BAE Systems.
- Boeing
- General Electric
- Lockheed Martin Corporation
- Northrop Grumman
- Kongsberg
- Bharat Dynamics Limited
- L3Harris Technologies, Inc.
- Israel Aerospace Industries Ltd
Notable Emerging Companies Mentioned in the Report
- lvlAlpha
- ESSI Security and Defence
- TechEagle Innovations
- Chara Technologies
- Evigway Technologies
Key Target Audience – Organizations and Entities Who Can be benefited by Subscribing This Report
- Missiles and Missile Defense Systems Manufacturers
- Missiles and Missile Defense Systems Product Assemblers
- Missiles and Missile Defense Systems Component suppliers
- Raw Material Suppliers for Missiles and Missile Defense Systems
- Potential Investors in Missiles and Missile Defense Systems Companies
- Value Added Resellers
- Industrial OEMs of Missiles and Missile Defense Systems
- Industrial Guidance Mechanism Solutions Providers
- Missiles and Missile Defense Systems Companies
- Missiles and Missile Defense Systems Industry Associations
- Missiles and Missile Defense Systems Research Groups
- Ministries of Arms and Defense
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
For more insights on the market intelligence, refer to the link below
Global Missiles Defense Systems Market
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