Report Scope & Overview:
The Missile Defense System Market Size was valued at USD 25.10 billion in 2022 and is expected to reach USD 35.97 billion by 2030 and grow at a CAGR of 4.6% over the forecast period 2023-2030.
The expression & quote Missile Defense System" extensively implies a framework that gives any guard against any missile type (traditional or atomic) by any country. Any instrument that can distinguish and afterward annihilate a rocket before it can inflict any kind of damage is known as a Missile Defense System (MDS). The Missile Defense System incorporates land and marine-based innovations utilized by the protection powers to make preparations for an assortment of missiles, including voyage and long-range missiles. In the midst of a rise in clashes and war-like circumstances across various areas of the planet, the interest in the Missile Defense System has developed at a huge rate. The Missile Defense System guarantees the security of public resources and residents against missile assaults. Because of the expanded military spending by created and created economies across the world, missile innovation is seeing quick development. In this manner, it becomes essential for countries to protect their ground resources like ordered army installations, and so forth from an approaching missile danger. Moreover, expanding interests in Missile Defense systems by the states of a few nations, like India, the US, and China, Saudi Arabia, among others are likewise expected to offer learning experiences for the market player.
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Growing demand for the battlespace
Enhanced missile technology
Rising geopolitical instabilities
Blooming New-generation missiles
Forming Nuclear-capable ballistic missiles
Advancing weapon capabilities
Inability to intercept threats
Boost-phase intercept capabilities
Counter a missile threat
THE IMPACT OF COVID-19:
The impact of COVID-19 on the missile Defense system industry is uncertain, and it is likely to be in effect for a few years.
The COVID-19 outbreak compelled governments throughout the world to impose strict lockdowns and restrict the import-export of raw materials for the majority of 2020 and a few months in 2021. This resulted in a rapid decrease in the availability of critical raw materials used in the manufacture of ground defense equipment. Furthermore, the countrywide lockdown compelled component manufacturing plants to shut down partially or fully.
The negative effects of the COVID-19 epidemic have caused widespread delays in actions and projects aimed at developing contemporary missile defense systems.
The ground-based Aircraft and Missile Defense Systems Market is integrated, with major players, such as Lockheed Martin Corporation, Israel Aerospace Industries, Raytheon Technologies Corporation, Thales Group, and Boeing Company, which owns the market.
Many key players adopt automatic production to speed up the production of aircraft and parts of the arrow protection system. Raytheon Technologies Corporation uses robots to generate LTAMDS radar for airborne and missile systems, such as the Patriot, quickly.
Market players also focus on working together to increase productivity and facilitate the flow of technology and knowledge. Boeing, Raytheon, and Lockheed Martin are reportedly working with the US Missile Defense Agency (MDA) to develop future Multi-Object Kill Vehicle (MOKV) technology to protect ballistic missiles.
KEY MARKET SEGMENTS
Less than 100Km
Fire Control System
Command & Control System
By Threat Type
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Asia-Pacific is expected to lead part of the arrow defense programs between 2022 and 2028. In the Asia-Pacific region, ongoing MDS procurement programs in countries such as India, Australia, and China are responsible for partial growth. During the forecast period, the growth of the MDS component in India will be driven by the purchase of an S-400 medium-range surface-to-air missile system, as well as a short-range launch in the short-range.
In the Asia-Pacific region, important plans for the acquisition of arrows in countries such as India, Taiwan, Australia, and Japan are responsible for partial growth. In December 2022, Taiwan announced plans to purchase 300 Patriot Advanced Capability 3, missiles worth $ 6 billion in the US. Throughout 2022-2028, the US will invest heavily in the North American missile market. Investment during the forecast period is due to SSN-related benefits compared to more powerful submarines.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The leading players in the Global Missile Defense System Market are BAE System, Leonardo S.p. A, Saab AB, IAI, Lockheed Martin Corporation, Rheinmetall AG, Thales Group, Raytheon Technologies Corporation, MBDA, KONGSBERG, Northrop Grumman Corporation, ASELSAN A.S, and other players.
|Market Size in 2022||USD 25.10 Billion|
|Market Size by 2030||USD 35.97 Billion|
|CAGR||CAGR 4.6% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Technology (Fire Control System, Weapon System, Countermeasure System, and Command and Control System)
• by Range (Short, Medium, and Long)
• by Threat type
• by Domain (Ground, Air, Marine, and Space)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||BAE System, Leonardo S.p. A, Saab AB, IAI, Lockheed Martin Corporation, Rheinmetall AG, Thales Group, Raytheon Technologies Corporation, MBDA, KONGSBERG, Northrop Grumman Corporation, ASELSAN A.S, and other players.|
|Key Drivers||•Growing demand for the battlespace.
•Enhanced missile technology.
•Rising geopolitical instabilities
|Market OPPORTUNITIES:||•Blooming New-generation missiles.
•Forming Nuclear-capable ballistic missiles
•Advancing weapon capabilities.
Ans: The Missile Defense System Market is growing at a CAGR of 4.6% from 2023 to 2030.
Blooming New-generation missiles and Forming Nuclear-capable ballistic missiles and Advancing weapon capabilities.
North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America are the major region cover.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Yes, this report cover top down , bottom up Quantitative Research. Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Missile Defense System Market, By Range
8.1 Less than 100Km
9. Missile Defense System Market, By Domain
10. Missile Defense System Market, By Technology
10.1 Fire Control System
10.2 Weapon System
10.3 Countermeasure System
10.4 Command & Control System
11. Missile Defense System Market, By Threat Type
11.1 Subsonic Missiles
11.2 Supersonic Missiles
11.3 Hypersonic Missiles
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13.1 HITACHI LTD.
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 AB VOLVO
13.3 CATTERPILLAR INC.
13.4 CNH INDUSTRIAL N.V
13.5 DEERE AND COMPANY
13.6 DOOSAN INFRACOE CO.LTD
13.7 J C BAMFORD EXCAVATORS. LTD.
13.8 KOMATSU LTD.
13.9 Liebherr-international AG
13.10 XCMG GROUP
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
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