Missile Guidance System Market By Launch Platform (Air-to-air, Air-to-surface, Surface-to-air, Anti-ship, Anti-tank), By Type (Command Guidance System, Beam Rider Guidance System, Homing Guidance System, Inertial Guidance System), By End User (Ground Vehi

Missile Guidance System Market By Launch Platform (Air-to-air, Air-to-surface, Surface-to-air, Anti-ship, Anti-tank), By Type (Command Guidance System, Beam Rider Guidance System, Homing Guidance System, Inertial Guidance System), By End User (Ground Vehicles, Combat Aircrafts, Ships, Submarines, UAVs): Global Opportunity Analysis and Industry Forecast, 2021-2031

The missile guidance system is a missile control system which evaluates flight information, correlates it with target data, determines the missile's target trajectory, and sends the necessary commands to the missile's flight control system. The guidance system uses appropriate techniques such as global positioning system (GPS), a laser guidance beam, or an integrated inertial navigation system to locate a moving target in space and track that target until it hits the target accurately. The probability of destroying the missile in one shot increases when using guidance technology (SSKP). These components are found in anti-air, anti-ship, anti-submarine, anti-radiation and anti-aircraft missiles.

An anti-tank guided missile system whose primary purpose is to destroy tanks and other armored vehicles. Anti-tank missile systems incapacitate armored vehicles by penetrating and destroying thick armor. This missile guidance system allows infantry to overrun even main battle tanks (MBTs) with reactive armor, assembling armor from a distance without endangering the operator's life.

Ground-launched anti-tank missiles are designed to be launched from the ground onto armored vehicles or soldiers. These missiles can efficiently hit and defeat ground targets such as heavily armored tanks and other armored combat vehicles. Several governments have initiated development of advanced anti-tank missile systems which is expected to drive the growth of the segment during the forecast period. For instance, in April 2022, India carried out a successful flight test of the anti-tank guided missile Helina in Pokhran. The missile is guided by an Infrared Imaging Seeker (IIR) operating in the “lock on before launch” mode.

In February 2022, Bharat Dynamics Limited (BDL) signed a contract with the Indian Army for the manufacturing and supply of Konkurs-M anti-tank guided missiles to the Indian Army.

The missile guidance system market is segmented on the basis of launch platform, type, end use, and region. By launch platform, it is segmented into air-to-air, air-to-surface, surface-to-air, anti-ship and anti-tank. By type, it is classified into command guidance system, beam rider guidance system, homing guidance system and inertial guidance system. By end use, it is categorized into ground vehicles, combat aircrafts, ships, submarines and UAV’s. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some major companies operating in the market include BAE System PLC, ELBIT SYSTEM LTD., Leonardo S.P.A, General Dynamic Corporations, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, Safran S.A., Thales Group, The Boeing Company, DRDOS (Defense Research and Development Organization).

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the missile guidance system market analysis from 2021 to 2031 to identify the prevailing missile guidance system market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the missile guidance system market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global missile guidance system market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Launch Platform

Air-to-air
Air-to-surface
Surface-to-air
Anti-ship
Anti-tank

By Type

Command Guidance System
Beam Rider Guidance System
Homing Guidance System
Inertial Guidance System

By End User

UAVs
Ground Vehicles
Combat Aircrafts
Ships
Submarines

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Corporation
Saab AB
The Boeing Company
DRDO
Thales Group
General Dynamics Corporation
Leonardo S.P.A.
BAE Systems plc
Elbit Systems Ltd.
Safran S.A.

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