Missile Defense System Market Size - By Type (Ground-based Missile Defense Systems, Sea-based Missile Defense Systems, Airborne Missile Defense Systems and Space-based Missile Defense Systems), by Range (Less than 100Km, 101-200Km, and 201-400Km) by Threat Type (Subsonic Missiles, Supersonic Missiles and Hypersonic Missiles) & Region – Global Forecasts 2024 - 2034
- PUBLISHED ON
- 2024-05-07
- NO OF PAGES
- 231
- CATEGORY
- Aerospace & Defense
Market Overview
The Missile Defense System market is predicted to develop at a compound annual growth rate (CAGR) of 3.1% from 2024 to 2034, when it is projected to reach USD 53,624.74 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 58278.54 Million in 2024.
SOURCE: We Market Research
The global missile
defense system market encompasses a wide range of technologies, systems, and
solutions aimed at detecting, intercepting, and neutralizing ballistic and
cruise missile threats. This market has been driven by increasing geopolitical
tensions, the proliferation of missile technologies, and growing investments in
defense capabilities by nations around the world.
A missile
defense system is a complex network of sensors, interceptors, command and
control systems, and other components designed to detect, track, and intercept
incoming ballistic or cruise missiles. The primary goal of a missile defense
system is to protect a territory, population, or critical assets from missile
threats by destroying or neutralizing them before they reach their intended target.
Missile defense
systems can be deployed in various configurations depending on the specific
threat environment and operational requirements. These systems can defend
against different types of missile threats.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 32,584.48 Million |
|
Market Forecast in 2034 |
USD 48,538.85 Million |
|
CAGR % 2024-2034 |
3.1% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2034 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
By Type, By Range, By Threat Type and By Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Missile Defense System Industry: Dynamics & Restrains
We Market Research: Missile Defense System Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Missile Defense System Segmentation
Market- By Type Analysis
By Type, the Missile
Defense System Market is Categories into Ground-based Missile Defense Systems,
Sea-based Missile Defense Systems, Airborne Missile Defense Systems and
Space-based Missile Defense Systems. The Ground-based Missile Defense Systems segment
currently dominates the Missile Defense System market share, accounting for
around 52% as of 2024. Ground-based missile defense systems typically include
land-based interceptors and radar systems deployed to detect, track, and
intercept incoming ballistic missiles. They are often stationed at strategic
locations to protect against missile threats targeting specific areas or
regions.
Ground-based
systems, such as the Terminal High Altitude Area Defense (THAAD) and
Ground-based Midcourse Defense (GMD) systems, have historically accounted for a
significant portion of the global missile defense market share due to their
effectiveness in countering ballistic missile threats.
Sea-based
missile defense systems consist of naval vessels equipped with missile
interceptors, radar systems, and command-and-control capabilities to defend
against missile threats in maritime environments. These systems offer
flexibility and mobility in protecting naval assets, coastal regions, and
allies.
Airborne missile
defense systems involve the use of aircraft, such as fighter jets and unmanned
aerial vehicles (UAVs), equipped with sensors and interceptors to engage and
neutralize missile threats during various phases of flight. These systems
provide flexibility and rapid response capabilities to protect assets and
airspace.
The
following segments are part of an in-depth analysis of the global Missile
Defense System market:
|
Market Segments |
|
|
By Type |
·
Ground-based Missile Defense Systems ·
Sea-based Missile Defense
Systems ·
Airborne Missile Defense
Systems ·
Space-based Missile Defense
Systems |
|
By Range |
·
Less than 100Km ·
101-200Km ·
201-400Km |
|
By Threat
Type |
·
Subsonic Missiles ·
Supersonic Missiles ·
Hypersonic Missiles |
Missile Defense System Industry: Regional Analysis
Asia Pacific Market Forecast
Asia Pacific dominate the Missile Defense System Market with the highest revenue generating market with share of more than 35%. The Asia Pacific region is characterized by growing security tensions and missile proliferation, leading to significant investments in missile defense systems. Countries like Japan, South Korea, and Australia have deployed Aegis BMD systems on naval vessels to counter regional threats, including those from North Korea. Other countries in the region, such as India and China, are also expanding their missile defense capabilities.
Europe Market Statistics
Europe has seen
increased investment in missile defense capabilities, driven by regional
security concerns and the evolving threat landscape. NATO member countries,
including those in Eastern Europe, have deployed missile defense systems such
as the Aegis Ashore sites in Romania and Poland as part of the European Phased
Adaptive Approach (EPAA). Additionally, countries like France and the United
Kingdom have their indigenous missile defense programs.
North America Market Forecasts
North America,
led by the United States, has one of the most advanced and extensive missile
defense systems globally. The United States invests heavily in missile defense
technologies and infrastructure to protect its territory, forces, and allies
against potential missile threats. This includes ground-based interceptors,
sea-based Aegis Ballistic Missile Defense (BMD) systems, and space-based sensors.
Key Market Players
The Missile Defense System Market is dominated by a
few large companies, such as
• Bae
Systems plc
• General
Dynamics Corporation
• Leonardo
Spa
• Lockheed
Martin Corporation
• MBDA
• Northrop
Grumman Corporation
• Raytheon
Technologies Corporation
• Rheinmetall
AG
• Thales
Group
• The
Boeing Company
• Other
1.
Global
Missile Defense System Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Missile Defense System
Market Scope and Market Estimation
1.2.1. Global Missile Defense System Overall
Market Size (US$ Bn), Market CAGR (%), Market forecast (2024 - 2034)
1.2.2. Global Missile Defense System
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Type of Global Missile Defense
System Market
1.3.2. Range of Global Missile Defense
System Market
1.3.3. Threat Type of Global Missile Defense
System Market
1.3.4. Region of Global Missile Defense
System Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.8. Cost Tear Down Analysis
2.9. Key Developments
2.10. Porter’s Five Forces Analysis
2.10.1. Bargaining Power of Suppliers
2.10.2. Bargaining Power of Buyers
2.10.3. Threat of Substitutes
2.10.4. Threat of New Entrants
2.10.5. Competitive Rivalry
2.11. PEST Analysis
2.11.1. Political Factors
2.11.2. Economic Factors
2.11.3. Social Factors
2.11.4. Technology Factors
2.12. Value Chain / Ecosystem Analysis
2.13. Key Regulation
2.14. Patent Overview
2.15. Production Process Overview
3.
Global Missile Defense System
Market Estimates & Historical Trend
Analysis (2019 - 2023)
4.
Global Missile Defense System
Market Estimates & Forecast Trend
Analysis, by Type
4.1. Global Missile Defense System
Market Revenue (US$ Bn) Estimates and Forecasts, Type, 2019 - 2034
4.1.1. Ground-based Missile Defense
Systems
4.1.2. Sea-based Missile Defense
Systems
4.1.3. Airborne Missile Defense Systems
4.1.4. Space-based Missile Defense
Systems
5.
Global Missile Defense System
Market Estimates & Forecast Trend
Analysis, by Range
5.1. Global Missile Defense System
Market Revenue (US$ Bn) Estimates and Forecasts, Range, 2019 - 2034
5.1.1. Less than 100Km
5.1.2. 101-200Km
5.1.3. 201-400Km
6.
Global Missile Defense System
Market Estimates & Forecast Trend
Analysis, by Threat Type
6.1. Global Missile Defense System
Market Revenue (US$ Bn) Estimates and Forecasts, Threat Type, 2019 - 2034
6.1.1. Subsonic Missiles
6.1.2. Supersonic Missiles
6.1.3. Hypersonic Missiles
7.
Global Missile Defense System
Market Estimates & Forecast Trend
Analysis, by Region
7.1. Global Missile Defense System
Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2019 - 2034
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Middle East & Africa
7.1.5. South America
8.
North
America Missile Defense System Market: Estimates & Forecast Trend Analysis
8.1.
North
America Missile Defense System Market Assessments & Key Findings
8.1.1. North America Missile Defense
System Market Introduction
8.1.2. North America Missile Defense
System Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
8.1.2.1. By Type
8.1.2.2. By Range
8.1.2.3. By Threat Type
8.1.2.4. By Country
8.1.2.4.1. The U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Western
Europe Missile Defense System Market: Estimates & Forecast Trend Analysis
9.1. Western Europe Missile Defense
System Market Assessments & Key Findings
9.1.1. Western Europe Missile Defense
System Market Introduction
9.1.2. Western Europe Missile Defense
System Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
9.1.2.1. By Type
9.1.2.2. By Range
9.1.2.3. By Threat Type
9.1.2.4.
By
Country
9.1.2.4.1.
Germany
9.1.2.4.2.
Italy
9.1.2.4.3.
U.K.
9.1.2.4.4.
France
9.1.2.4.5.
Spain
9.1.2.4.6.
Benelux
9.1.2.4.7.
Nordics
9.1.2.4.8. Rest
of W. Europe
10. Eastern Europe Missile
Defense System Market: Estimates &
Forecast Trend Analysis
10.1. Eastern Europe Missile Defense
System Market Assessments & Key Findings
10.1.1. Eastern Europe Missile Defense
System Market Introduction
10.1.2. Eastern Europe Missile Defense
System Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
10.1.2.1. By Type
10.1.2.2. By Range
10.1.2.3. By Threat Type
10.1.2.4. By Country
10.1.2.4.1.
Russia
10.1.2.4.2.
Hungary
10.1.2.4.3.
Poland
10.1.2.4.4.
Balkan & Baltics
10.1.2.4.5. Rest of E. Europe
11. Asia Pacific Missile
Defense System Market: Estimates &
Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Missile Defense
System Market Introduction
11.1.2. Asia Pacific Missile Defense
System Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
11.1.2.1. By Type
11.1.2.2. By Range
11.1.2.3. By Threat Type
11.1.2.4. By Country
11.1.2.4.1. China
11.1.2.4.2. Japan
11.1.2.4.3. India
11.1.2.4.4. Australia & New Zealand
11.1.2.4.5. South Korea
11.1.2.4.6. ASEAN
11.1.2.4.7. Rest of Asia Pacific
12. Middle East & Africa Missile
Defense System Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Missile
Defense System Market Introduction
12.1.2. Middle
East & Africa Missile
Defense System Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
12.1.2.1. By Type
12.1.2.2. By Range
12.1.2.3. By Threat Type
12.1.2.4. By Country
12.1.2.4.1. UAE
12.1.2.4.2. Saudi
Arabia
12.1.2.4.3. Turkey
12.1.2.4.4. South
Africa
12.1.2.4.5. Rest of
MEA
13. Latin America
Missile Defense System Market:
Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments
& Key Findings
13.1.1. Latin America Missile Defense
System Market Introduction
13.1.2. Latin America Missile Defense
System Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
13.1.2.1. By Type
13.1.2.2. By Range
13.1.2.3. By Threat Type
13.1.2.4. By Country
13.1.2.4.1. Brazil
13.1.2.4.2. Argentina
13.1.2.4.3. Colombia
13.1.2.4.4. Rest of
LATAM
14. Country Wise Market:
Introduction
15. Competition Landscape
15.1. Global Missile Defense System
Market Product Mapping
15.2. Global Missile Defense System Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players / New
Entrants
15.3. Global Missile Defense System
Market Tier Structure Analysis
15.4. Global Missile Defense System
Market Concentration & Company Market Shares (%) Analysis, 2023
16. Company Profiles
16.1.
Bae Systems plc
16.1.1. Company Overview & Key Stats
16.1.2. Financial Performance & KPIs
16.1.3. Product Portfolio
16.1.4. SWOT Analysis
16.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
16.2. General
Dynamics Corporation
16.3. Leonardo Spa
16.4. Lockheed
Martin Corporation
16.5. MBDA
16.6. Northrop
Grumman Corporation
16.7. Raytheon
Technologies Corporation
16.8. Rheinmetall AG
16.9. Thales Group
16.10. The Boeing
Company
16.11. Others
17. Research
Methodology
17.1. External Transportations /
Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research Findings & Conclusion
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Frequently Asked Questions
What is the market size of Missile Defense System Market in 2024?
Missile Defense System Market was valued at USD 32,584.48 Million in 2024.
What is the growth rate for the Missile Defense System Market?
Missile Defense System Market size will increase at approximate CAGR of 3.1% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the Missile Defense System Market are Bae Systems plc, General Dynamics Corporation, Leonardo Spa, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Raytheon Technologies Corporation and others.
Which region dominates the Missile Defense System Market?
Asia Pacific dominates the market with an active share of 35%.
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