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.

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.

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

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.

  

2. 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.

3. 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.

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