About Missile Defence System
A Missile Defence System provides a shield against a missile attack, which is integrated by high-performance sensors, command control, communications, and fire control systems based layered air defence concept. It is designed to defend against intercontinental ballistic missile threats. Army and military systems are continuously investing in this particular market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.52% |
The companies are enhancing their market in new geographical regions by adopting business growth strategies including mergers & acquisitions, expansions, investments, new product launches, and many others. There are various new market players are entering this market, although this industry required a huge investment in market entrants, is becoming a barrier for new market players. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Missile Defence System market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Raytheon (United States), MBDA (United Kingdom), Rafael Advanced Defense Systems (Israel), Lockheed Martin (United States), Boeing (United States), Kongsberg Defense Systems (Norway), Saab (Sweden), BAE Systems (United Kingdom), Northrop Grumman (United States) and Rheinmetall Defense (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Missile Defence System market by Type (Surface-To-Air Missiles, Surface-To-Surface Missiles, Air-To-Surface Missiles, Air-To-Air Missiles, Anti-Tank Missiles and Anti-Ship Missiles), Application (Software and Hardware) and Region.
On the basis of geography, the market of Missile Defence System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Land Based Defense will boost the Missile Defence System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Strong Demand in Short-Range Air-Defence Missile System in Army
Market Growth Drivers:
Increasing Threat of Radical Institutions
Challenges:
Technological Developments and a Detailed Analysis of the Changing Preferences of Military Aircraft Segments around the World
Opportunities:
Strong Opportunity in Countries like United States, Who Is Continuously Focusing on Missile Defence System and Other Countries Also Based on Them
Market Leaders and their expansionary development strategies
In September 2023, INTRACOM DEFENSE (IDE) announced the contract award by RAYTHEON TECHNOLOGIES for the production of electronic modules for the support and sustainment of the surface-to-air Rolling Airframe Missile (RAM). The contract valued at 4.16 million USD, signifies an expansion of the long-lasting successful cooperation between the two companies and solidifies IDE’s position as a key supplier in the global supply chain of RAYTHEON TECHNOLOGIES.
In December 2023, Launch and space systems company Rocket Lab USA Inc. (Long Beach, Calif., U.S.) has revealed new details concerning the design, materials, propulsion and reusability architecture for its next-generation composite Neutron launch vehicle in a virtual event streamed via Rocket Lab’s
Key Target Audience
Market Research & Consultancy Firm, Potential Investors, Government & Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.