Growth Opportunities in European Missile Defense, 2024–2029

Growth Opportunities in European Missile Defense, 2024–2029

The Regional Conflict Landscape Ensures Future Growth Potential

In this research service, Frost & Sullivan overviews the European missile defense market, highlighting trends, challenges, drivers, restraints, and growth opportunities. The study provides an outlook on regional conflicts and recent developments in the field and contains an analysis of the market’s competitive environment.

The demand for military equipment in the region because of the war in Ukraine has led to an increase in production by the European defense industry. Several countries require cutting-edge technology, particularly missiles, to maintain their military strength and protect their national security against adversaries.

In the last 5 years, organizations, such as the European Union and national governments, have launched defense-related funding programs and strategies to boost European defense companies, especially for small businesses, positively impacting the regional missile defense industry.

Several countries, however, have diverted resources from missile defense to send equipment to Ukraine, resulting in missile shortages, especially long-range strike capabilities, which are crucial in modern warfare.