Showing posts with label Global Missiles Defense Systems Industry. Show all posts
Showing posts with label Global Missiles Defense Systems Industry. Show all posts

Monday, December 5, 2022

Missile Defense System Market Size, Share, Industry Report 2022-2028: Ken Research

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Stand-off weaponry, bombers, helicopters, unmanned aerial vehicles (UAVs), and combat aircraft are all attacked with missile defense systems. Systems for missile defense are made to deal with aerial threats over a variety of lengths, from short to extend to long. Additionally, countries are raising their military budgets in response to escalating geopolitical tensions and worries about terrorism, which is driving up spending on missile defense systems along land and marine borders. This is expected to be the main factor driving the market's expansion over the forecast timeframe.

According to Ken Research Analysis, the Global Missiles and Missile Defense Systems Market was valued at ~US$ 20 billion in 2017. The market for Missiles and Missile Defense Systems will be driven by government spending on missiles and missile defense systems across national land and water borders is being driven by rising military budgets in response to rising geopolitical tensions among various countries and fears about terrorism.

It is estimated to be ~US$ 26 billion in 2022 and is expected to reach a market size of ~US$ 40 billion by 2028 growing at a CAGR of ~7% during 2022-2028.

Global Missiles and Missile Defense Systems Market

  • Governments are boosting their military spending as a result of escalating geopolitical tensions and worries about terrorism, which is leading to significant investments in missile defense systems (and accompanying missiles) across its land and water borders.
  • Government agencies and the private sector are collaborating to develop hypersonic missiles and missile defense systems that are technologically cutting edge. The application of artificial intelligence to missile systems is anticipated to hasten the market's future growth.
  • The rising expenses of creating missile defense systems and worldwide ambitions to transport such systems and weapons across other nations are the two most important variables that could restrain the market's expansion.
  • Due to the COVID-19 pandemic and the implementation of lockdown by governments, major Missiles and Missile Defense Systems manufacturing companies were partially or completely shut down and were unable to sort operations while working remotely as the area requires the on-site presence of an expert workforce.

Key Trends by Market Segment

By Range - The Short (Up to 1,000 kms) segment dominated the market in 202. It is employed in regional conflicts in the past and in the future because of the close proximity of some nations, as well as its affordability and simplicity of configuration.

  • The need for short-range missiles to protect against close, short-range threats from adversary attacks has been fueled by military conflicts involving numerous nations.
  • In January 2022, the Indian navy, in partnership with the DRDO, successfully tested the Vertical Launch Short Range Surface to Air Missile (VL-SRSAM), which will be outfitted with Indian naval warships.

Global Missiles and Missile Defense Systems Market

By Missile Type - The Anti-Aircraft Missiles segment is expected to be the fastest growing market during the forecast period owing to the adoption of the anti-aircraft missile by various countries worldwide.

  • Anti-aircraft missiles are guided weapons intended to harm or kill airplanes and include surface-to-air missiles, air-to-air missiles, and subsurface-to-air missiles.
  • In June 2022, Germany promised to provide Ukraine with cutting-edge anti-aircraft systems.

By Missile Defence system – The Surface-To-Surface Missiles segment accounted for the highest market share in 2021 in the Global Missile And Missile Defense System Market.

  • The growth is primarily due to Surface-to-air missiles (SAMs) of any type can be launched from the ground using missile launchers to combat incoming enemy missiles.
  • In December 22, 2021, the Defence Research and Development Organization (DRDO), India successfully carried out the first flight test of the home-grown surface-to-surface missile "Pralay" from Dr. A P J Abdul Kalam Island off the coast of Odisha, India.

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By Geography: North America accounted for the largest market share among all regions in 2021 owing to the rise in investments for defense and military systems in USA.

  • According to the U.S. Missile Defense Agency (MDA), in November 2020 a Standard Missile 3 (SM-3) Block IIA interceptor successfully destroyed an intercontinental-range ballistic missile (ICBM) target in a test for the first time. The SM-3 Block IIA is now the second American interceptor type to demonstrate this capability, a significant accomplishment. The effects for future weapons control and geopolitical stability are grave.
  • Major companies such as Boeing, General Electric, Lockheed Martin Corporation, Northrop Grumman, and many more are based in USA

Global Missiles and Missile Defense Systems Market

Competitive Landscape

The Global Missiles and Missile Defense Systems Market are fragmented with ~260 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Missiles and Missile Defense Systems. Large global players represent the largest number ~50% of competitors, while country niche players constitute ~20% of competitors. Enhancing defenses against drones is a priority for the industry players related to the field. Government agencies and business entities are working together to develop technologically advanced missiles and missile defense systems, such as hypersonic missiles. Some of the major players in the market include MBDA Inc., BAE Systems., Boeing, General Electric, Lockheed Martin Corporation., Northrop Grumman, Kongsberg, Bharat Dynamics Limited, L3Harris Technologies, Inc., Israel Aerospace Industries Ltd, and others.

Global Missiles and Missile Defense Systems Market

Recent Developments Related to Major Players

  • In July 2022, L3Harris Technologies has been awarded a contract to build the Tranche 1 Tracking Layer satellite programme for the Space Development Agency (SDA), which will serve as "eyes in the sky" detecting, identifying, and tracking advanced missile threats. The contract could be worth US$700 million in total.
  • In March 2019, the United States Army awarded a US$713 million contract to Northrop Grumman Corporation for the production of an Integrated Air and Missile Defense (IAMD) Battle Command System (IBCS) for the first phase of Poland's WISA air and defense program.

Key Topics Covered in the Report

  • Snapshot of Missiles and Missile Defense Systems Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Missiles and Missile Defense Systems Market
  • Historic Growth of the Overall Missiles and Missile Defense Systems Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Missiles and Missile Defense Systems Market Industry
  • Overview, Disorder Offerings, and Strengths & Weaknesses of Key Competitors
  • COVID-19 Impact on the Overall Missiles and Missile Defense Systems Market
  • Future Market Forecast and Growth Rates of the Total Missiles and Missile Defense Systems Market and by Segments
  • Market Size of Segments with Historical CAGR and Future Forecasts
  • Analysis of the Missiles and Missile Defense Systems Market in Global Regions
  • Major Missiles and Missile Defense Systems Type/Supply and Consumption/Demand Hubs in the Region
  • Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within the Region

Notable Key Players Mentioned in the Report

  • MBDA Inc.
  • BAE Systems.
  • Boeing
  • General Electric
  • Lockheed Martin Corporation
  • Northrop Grumman
  • Kongsberg
  • Bharat Dynamics Limited
  • L3Harris Technologies, Inc.
  • Israel Aerospace Industries Ltd

Notable Emerging Companies Mentioned in the Report

  • lvlAlpha
  • ESSI Security and Defence
  • TechEagle Innovations
  • Chara Technologies
  • Evigway Technologies

Key Target Audience – Organizations and Entities Who Can be benefited by Subscribing This Report

  • Missiles and Missile Defense Systems Manufacturers
  • Missiles and Missile Defense Systems Product Assemblers
  • Missiles and Missile Defense Systems Component suppliers
  • Raw Material Suppliers for Missiles and Missile Defense Systems
  • Potential Investors in Missiles and Missile Defense Systems Companies
  • Value Added Resellers
  • Industrial OEMs of Missiles and Missile Defense Systems
  • Industrial Guidance Mechanism Solutions Providers
  • Missiles and Missile Defense Systems Companies
  • Missiles and Missile Defense Systems Industry Associations
  • Missiles and Missile Defense Systems Research Groups
  • Ministries of Arms and Defense

Time Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below: –

Global Missiles and Missile Defense Systems Market: Ken Research

Friday, November 25, 2022

3 Key Insights on Competitive Landscape in the Global Missiles and Missile Defense Systems Market: Ken Research

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Global Players Dominate the Market Holding ~55% Share Despite the Presence of about ~ 260 Competitors Comprising a Significant Number of Regional Players and Country-Niche, finds a recent market study on the Global Missiles and Missile Defense Systems Market

As geopolitical tensions between various nations and fears about terrorism expand, countries' military budgets are increasing, which is driving government expenditures in missile defense systems (and related missiles) across their land and water borders. The market's growth is anticipated to be primarily boosted by it throughout the forecast period. At the moment, government organizations and businesses work together to create technologically sophisticated missiles and missile defense systems, such as hypersonic missile

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Global Players Dominate Representing ~50% of the Total Number of Competitors, While Country-Niche Players Constitute ~20% of Total Competitors.

Competitive Analysis by the Ken Research Study found that the Global Missiles and Missile Defense Systems Market is highly competitive with ~ 260 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in Missiles and Missile Defense Systems. The global players comprise about ~50% in terms of the number of companies, followed by regional players accounting for ~30% in terms of the number of companies.

For instance, in March 2019, the Polish government awarded Northrop Grumman Corporation a contract of USD 350 million in to create two combat management systems to help Polish military authorities deal with ambiguous information about prospective air and missile assaults.

Global Missiles and Missile Defense Systems Market

Leading Global Specialists' Ongoing Efforts To Provide Missiles and Missile Defense Systems To A Variety Of Missile Types Such as Missile Defense Systems, Anti-aircraft Missiles, Anti-ship Missiles, and Anti-tank Missiles are Likely To Boost The Market

Detailed comparative analysis of key competitors available within the Research Study shows that specialist players like MBDA Inc., BAE Systems.,  Lockheed Martin Corporation, Kongsberg, and Bharat Dynamics Limited are strongly focused on Missiles and Missile Defense Systems.

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The global market for Missiles and Missile Defense Systems is highly concentrated, with a significant number of large, small, and medium-sized organizations accounting for the majority of revenue shares. Numerous organizations are focusing an emphasis on organic growth initiatives, like new launches, product approvals, and others such as patents and events. Acquisitions, partnerships, and collaborations were examples of inorganic growth tactics that were observed in the market. These actions have made it possible for market players to increase its client and revenue.

  • In August 2022 Lockheed Martin assigned BAE Systems a contract to develop and produce next-generation infrared seeker technology for the THAAD interceptor missile. The THAAD seeker offers vital sensing and guidance capabilities that support ballistic missile defense for the United States and its partners across the world.
  • In August 2022, Northrop Grumman's SBIRS GEO-6 Payload launched as part of the sixth and final mission of the Space Based Infrared System Geosynchronous Earth Orbit (SBIRS GEO)-6 program series for the US Space Force.

Global Missiles and Missile Defense Systems Market Size

Government Initiatives to Encourage the Expansion of the Global Missiles and Missile Defense Systems Market

  • In October 2022, the Canadian National Defense stated that Canada is 'comprehensively looking' into joining the American ballistic missile defense system.
  • In April 2022, the Minister of Defense, Norway announced that Approximately 100 Mistral air defense missiles and several launchers are sent to Ukraine together with an air defense system. Navy minesweepers and corvettes are protected from aerial attack by the Mistral air defense system.

Key Topics Covered in the Report

  • Snapshot of Missiles and Missile Defense Systems Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Missiles and Missile Defense Systems Market
  • Historic Growth of the Overall Missiles and Missile Defense Systems Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Missiles and Missile Defense Systems Market Industry
  • Overview, Disorder Offerings, and Strengths & Weaknesses of Key Competitors
  • COVID-19 Impact on the Overall Missiles and Missile Defense Systems Market
  • Future Market Forecast and Growth Rates of the Total Missiles and Missile Defense Systems Market and by Segments
  • Market Size of Segments with Historical CAGR and Future Forecasts
  • Analysis of the Missiles and Missile Defense Systems Market in Global Regions
  • Major Missiles and Missile Defense Systems Type/Supply and Consumption/Demand Hubs in the Region
  • Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within the Region

Notable Key Players Mentioned in the Report

  • MBDA Inc.
  • BAE Systems.
  • Boeing
  • General Electric
  • Lockheed Martin Corporation
  • Northrop Grumman
  • Kongsberg
  • Bharat Dynamics Limited
  • L3Harris Technologies, Inc.
  • Israel Aerospace Industries Ltd

Notable Emerging Companies Mentioned in the Report

  • lvlAlpha
  • ESSI Security and Defence
  • TechEagle Innovations
  • Chara Technologies
  • Evigway Technologies

For more insights on the market intelligence, refer to the link below: –

Global Missiles and Missile Defense Systems Market: Ken Research

Wednesday, November 23, 2022

3 Key Insights on ~US$ 40 Bn Opportunity in the Global Missiles and Missile Defense Systems Market: Ken Research

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The Rising Geopolitical Tensions and Concerns about Terrorism, Governments Are Increasing Its Military Budget are the Primary Drivers of the Expansion of the Global Missiles and Missile Defense Systems Market, which is forecasted to Cross ~US$ 40 Bn by 2028 says Ken Research Study.

Stand-off weapons, bombers, helicopters, unmanned aerial vehicles (UAVs), and combat aircraft are all targeted with missile defense systems. Systems for missile defense are made to deal with aerial threats over a variety of lengths, from short to extend to long.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study

  1. Missiles and Missile Defense Systems Market Growth Is Fueled by the Advancement in Technology and Various Types of Enemy Airborne Forces.

Various enemy airborne forces, including aircraft, unmanned aerial vehicles (UAVs), and ballistic and cruise missiles, are monitored by air and missile defense systems. For surveillance, such systems often employ long-range L-band radars and satellites. The technologies give command and control systems the ability to track and receive early warning signals. Intercontinental ballistic missiles have been developed and are being worked on by nations like the US, Russia, China, India, and North Korea. In order to properly defend against airborne threats, early warning systems are necessary. As a result, numerous nations are making significant investments in the creation of defense systems which is boosting the growth of the Missiles and Missile Defense Systems market.

According to Ken Research estimates, the Global Missiles and Missile Defense Systems Market – valued at around ~US$ 20 billion in 2017 and estimated to reach nearly ~US$ 26 billion in 2022 – is further expected to grow to around ~US$ 40 billion opportunity by 2028.

Global Missiles and Missile Defense Systems Market  

  1. Increasing Military Budget Disorders is Propelling Market Expansion.

Due to rising geopolitical tensions and concerns regarding terrorism, governments are increasing its military budget, which is driving major investments in missile defense systems (and related missiles) across its land and water boundaries. The market's growth is anticipated to be primarily boosted by this throughout the forecast period. To create technologically cutting-edge missiles and missile defense systems like hypersonic missiles, government agencies and industries currently work together. The future expansion of the market is projected to be accelerated by the use of artificial intelligence in missile systems.

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For instance, In September 2022, Japan’s Ministry of Defense is advocating for the highest defense budget ever, which would total US $58.7 billion for the fiscal year ending in March 2024. In November 2021, Japan’s Ministry of Defense budget for 2021 accounted for US$ 6.8 billion.

Global Missiles and Missile Defense Systems Market

  1. Market Expansion Is Constrained by The Cost of Missile and Missile Defense Systems.

The most significant factors that could limit the growth of the Missile Defense System Market are the rising costs associated with developing missile defense systems and international plans to move such systems and weapons across other nations. The construction or acquisition of missile defense systems is essential in the current context of an increase in conflicts and warlike circumstances being observed throughout the world to protect national borders. However, due to its high price, only a few countries throughout the world are able to purchase missile defense systems.

For Instance, In January 2021, Arms Control and Non-Proliferation stated that about 35% of the entire amount estimated by the Congressional Budget Office, CBO $61 billion, will go toward systems primarily used for Homeland Ballistic Missile Defense, 40%, or US$69 billion, will go toward systems primarily used for Regional Ballistic Missile Defense, and the remaining 25%, or US$46 billion, will go toward systems used for Cruise Missile Defense.

Global Missiles and Missile Defense Systems Market

Key Topics Covered in the Report

  • Snapshot of Missiles and Missile Defense Systems Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Missiles and Missile Defense Systems Market
  • Historic Growth of the Overall Missiles and Missile Defense Systems Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Missiles and Missile Defense Systems Market Industry
  • Overview, Disorder Offerings, and Strengths & Weaknesses of Key Competitors
  • COVID-19 Impact on the Overall Missiles and Missile Defense Systems Market
  • Future Market Forecast and Growth Rates of the Total Missiles and Missile Defense Systems Market and by Segments
  • Market Size of Segments with Historical CAGR and Future Forecasts
  • Analysis of the Missiles and Missile Defense Systems Market in Global Regions
  • Major Missiles and Missile Defense Systems Type/Supply and Consumption/Demand Hubs in the Region
  • Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within the Region

Notable Key Players Mentioned in the Report

  • MBDA Inc.
  • BAE Systems.
  • Boeing
  • General Electric
  • Lockheed Martin Corporation
  • Northrop Grumman
  • Kongsberg
  • Bharat Dynamics Limited
  • L3Harris Technologies, Inc.
  • Israel Aerospace Industries Ltd

Notable Emerging Companies Mentioned in the Report

  • lvlAlpha
  • ESSI Security and Defence
  • TechEagle Innovations
  • Chara Technologies
  • Evigway Technologies

For more insights on the market intelligence, refer to the link below: –

Global Missiles and Missile Defense Systems Market: Ken Research