Report Id: SNS/A&D/1158 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Missile Seekers Market size was valued at USD 2.26 billion in 2022, and expected to reach USD 3.45 billion by 2030, and grow at a CAGR of 5.4% over the forecast period 2023-2030.
The market for archers will be largely driven by the changing wars in the predicted year. Advances in technology have led to the development of new and improved defense systems, including air defense systems and missile launchers. The changing world situation of war has led to the acquisition of advanced missiles and defense capabilities by international military forces. These soldiers are increasingly engaging in low-level wars. Another example of the turning point was the Indian military response to the attack on Pulwama when Indian Air Force fighter planes destroyed a terrorist camp in Balakot (Pakistan) using guided missiles.
Advanced missile defense skills help countries protect themselves from rocket and missile attacks. For example, Israel’s Iron Dome Israeli air defense system has blocked more than 2,550 missiles and mudslides with a success rate of more than 91%. The missile detector in such a system plays a very important role in ensuring that the arrows fired by the defense system hit the targets accurately. This has led to the development of highly advanced wind protection systems, which use ground-based and arrow-fired missiles, with a success rate of over 91%. Thus, the changing nature of the war has led to an increase in the demand for highly sought-after archers from around the world.
US-China Naval war
This is included in the final report.
High demand for missiles.
Causes Higher impact
THE IMPACT OF COVID-19
COVID-19 is an unexpected global public health disaster that has impacted nearly every business, and the long-term impacts are expected to have an influence industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and relevant next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, estimates, and predictions based on the COVID-19 market effect.
With the existence of some major, well-established competitors, competition in the missile seeker industry is fierce. Heavy expenditures on R&D and new technology are a crucial development strategy for manufacturers in the missile seekers industry.
Large players are collaborating with research groups and government agencies to gain insights into necessary developments. Detailed conversations and presentations with the defense department aid in understanding how to increase the effect of missiles.
BAE Systems, Leonardo S.p.A, Raytheon Technologies, Northrop Grumman Corporation, Boeing, Safran Group, and Thales are among the leading firms in the missile seekers industry.
Key Market Players
The missile seekers market is largely fragmented. Established players in the market include BAE Systems, Leonardo S.p.A., Raytheon Technologies, Thales, Safran Group, Boeing, and Northrop Grumman Corporation.
KEY MARKET SEGMENT:
By Missile Type:
By Launch Mode
During the forecast period, North America is expected to have the highest regional share of the missile seekers market. The missile seekers market in North America is mostly divided between two countries: the United States and Canada. The United States is a market leader in the missile seeker business. Raytheon Technologies, Northrop Grumman Corporation, and Analog Devices, as well as small-scale private enterprises like Wxcelitas Technologies Ltd., Janos Tech, and MAROTTA controls, have their headquarters in the United States. The aforementioned big firms are constantly investing in the R&D of new and better missile seeker systems.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 2.26 Billion|
|Market Size by 2030||US$ 3.45 Billion|
|CAGR||CAGR of 5.4% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Technology (Active Radar, Semi-active Radar, Passive Radar, Infrared, Laser, Multi-mode)
• By Missile Type (Interceptor, Ballistic, Cruise, Conventional)
• By Launch Mode
|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, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Established players in the market include BAE Systems, Leonardo S.p.A., Raytheon Technologies, Thales, Safran Group, Boeing, and Northrop Grumman Corporation.|
|DRIVERS||• Geopolitical Instabilities.
• Nuclear warheads.
• High budget
|RESTRAINTS||• This is included in the final report.|
Frequently Asked Questions (FAQ) :
According to SNS insiders, the Missile Seekers Market size was USD 5.5 billion in 2021 and is expected to reach USD 7.94 billion by 2028 with a CAGR of 5.4% over the forecasted period.
The missile seekers market is largely fragmented. Established players in the market include BAE Systems, Leonardo S.p.A., Raytheon Technologies, Thales, Safran Group, Boeing , Northrop Grumman Corporation.
Regulations, Impacting civilian and Causes Higher impact
COVID-19 is an unexpected global public health disaster that has impacted nearly every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and relevant next steps.
North America is expected to have the highest regional share of the missile seekers market. The missile seekers market in North America is mostly divided between two countries: the United States and Canada.
Table of Contents:
1.1 Market Definition
1.2 Market Scope
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
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Missile Seekers Market, By Missile Type:
8.1 Interceptor Missile
8.2 Ballistic Missile
8.3 Cruise Missile
8.4 Conventional Missile
9. Missile Seekers Market, By Technology
9.1 Active Radar
9.2 Semi-active Radar
9.3 Passive Radar
10. Missile Seekers Market, By Launch Mode
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 HITACHI LTD.
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 AB VOLVO
12.3 CATTERPILLAR INC.
12.4 CNH INDUSTRIAL N.V
12.5 DEERE AND COMPANY
12.6 DOOSAN INFRACOE CO.LTD
12.7 J C BAMFORD EXCAVATORS. LTD.
12.8 KOMATSU LTD.
12.9 Liebherr-international AG
12.10 XCMG GROUP
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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