The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm),Missile Defense System Marketcomprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Missile Defense System Industry Analytical Overview (2025-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report,Missile Defense System Marketsize is valued atUSD 27.81 billion in 2024and is projected to reachUSD 33.60 billion in 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2025 to 2030.
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What is Included in Missile Defense System MarketSegmentation?
The report has segmented the market into the following categories:
By Component
– Weapon System- Market Size & Forecast 2020-2030, USD Million
– – Turret System- Market Size & Forecast 2020-2030, USD Million
– – Missile Launcher- Market Size & Forecast 2020-2030, USD Million
– Fire Control System- Market Size & Forecast 2020-2030, USD Million
– Radar Systems- Market Size & Forecast 2020-2030, USD Million
– Command & Control System- Market Size & Forecast 2020-2030, USD Million
– Others (Combat System, Early Warning System, etc.)- Market Size & Forecast 2020-2030, USD Million
By Platform
– Airborne- Market Size & Forecast 2020-2030, USD Million
– Land- Market Size & Forecast 2020-2030, USD Million
– Naval- Market Size & Forecast 2020-2030, USD Million
Based on the platform, the land segment holds a substantial market share of the global market. The land-based missile defense systems are installed across different regions to protect strategic installations, cities, and military bases globally. This, in turn, is surging the demand for land-based missile defense systems worldwide. Land-based systems, such as the Ground-based Midcourse Defense (GMD) of the United States and Russia’s S-400, are tailored to cover large geographical territories, offering protection against ballistic missiles.
By Range
– Short Range- Market Size & Forecast 2020-2030, USD Million
– Medium Range- Market Size & Forecast 2020-2030, USD Million
– Long Range- Market Size & Forecast 2020-2030, USD Million
By Threat Type
– Subsonic Missile- Market Size & Forecast 2020-2030, USD Million
– Supersonic Missile- Market Size & Forecast 2020-2030, USD Million
– Hypersonic Missile- Market Size & Forecast 2020-2030, USD Million
By Region
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
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Key Factor Driver Missile Defense System Industry Growth by 2030
Rising Government Initiatives and Defense Budgets Surging Missile Defense Systems Demand– Governments all over the world are providing large amounts of defense budgets to power and strengthen their defense sector. With increasing geopolitical tensions and warfare situations, countries such as the US, India, China, Japan, etc., have been effectively focused on surging their defense sector. Moreover, national security concerns have been leading government bodies to adopt various defense systems which are leading military operations to purchase new, advanced, and efficient war supplies. This has drastically increased the defense spending focusing on developing and fielding complex missile defenses. For Instance,
- In 2023, India spent around USD83.6 billion in its defense budget to modernize a range of weapons and combat systems.
Further, developed countries, like the U.S., have allocated a sizable amount of their defense budget to their different missile defense programs, like the Ground-based Midcourse Defense system and the Aegis Ballistic Missile Defense program. Similarly, under the umbrella of NATO (The North Atlantic Treaty Organization), European nations have been trying to enhance theirmissile defensecapability due to the growing concerns about Russia’s military posture and the plausible threat of missile attacks. With these increasing budget allocations to the defense sector, the nations have been adopting highly efficient missile defense systems, which is increasing their demand and driving the growth of the Global Missile Defense System Market.
Who are the Key Players Operating in the Missile Defense SystemIndustry?
The top companies of the Missile Defense System market ruling the industry are:
- BAE Systems
- Leonardo S.p.A.
- Saab AB
- Israel Aerospace Industries Limited (IAI)
- Lockheed Martin Corporation
- Rheinmetall AG
- Thales Group
- Raytheon Technologies Corporation
- MBDA Inc.
- Northrop Grumman Corporation
- ASELSAN A.Ş.
- Kongsberg Defence & Aerospace
- Leidos
- Rafael Advanced Defense Systems
- China Aerospace Science and Technology Corporation
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FAQs (Frequently Ask Questions)
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- Which is the Leading segment in the market?
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