Missile Defense System Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis

 

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Missile Defense System Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Missile Defense System Industry (2025-2030):

According to the latest report, The Missile Defense System Market size is valued at USD 27.81 billion in 2024 and is projected to reach USD 33.60 billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 4.1% during the forecast period. The report demonstrates the prominent factors propelling the exponential growth of the Missile Defense System industry.

Key Takeaways: Beneficial for Stakeholders and Clients:

·       Historical Data:  2020-23

·       Base Year: 2024

·       Forecast Period: 2025-30

·       CAGR – 4.1%

·       Market Value in 2024: USD 27.81 Billion

·       Market Value (2030): USD 33.60 Billion

What are the major Driver the Missile Defense System industry?

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 their missile defense capability 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.

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Missile Defense System Market Segmentation

The Missile Defense System Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• 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
• 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

As per the regional aspect, the Missile Defense System Market is expected to be dominated by North America by capturing the potential market share.

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Top Companies in the Missile Defense System Market

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, among others

Global Missile Defense System Industry Recent Development:

In 2024: Raytheon was awarded around USD478 million contract from the NATO Support and Procurement Agency (NSPA) to supply additional GEM-T missiles to Germany.

In 2023: Leonardo S.p.A. launched new defence systems called the LIONFISH® 30 and the HITFIST® 30 UL for naval platforms and land vehicles.

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