Global Missiles and Missile Defense Systems Market 2023-2029

Global Missiles and Missile Defense Systems Market 2023-2029

According to the latest estimates, the global missiles and missile defense systems market is set to achieve an incremental growth of USD 4.6 billion, accelerating at a CAGR of almost 2.4% during the forecast period 2023-2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global missiles and missile defense systems market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, range, and region. The global market for missiles and missile defense systems can be segmented by product: missile defense systems, missiles. The missile defense systems segment was the largest contributor to the global missiles and missile defense systems market in 2022. Missiles and missile defense systems market is further segmented by range: short-range (up to 1000 km), medium-range (between 1000 km and 3000 km), intermediate-range (between 3000 km and 5500 km), intercontinental (more than 5500 km). According to the research, the short-range (up to 1000 km) segment had the largest share in the global missiles and missile defense systems market. Based on region, the missiles and missile defense systems market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America held the largest revenue share in 2022.

The missile type market is further segmented into anti-aircraft missiles, anti-ship missiles, anti-tank missiles. The anti-ship missiles segment is estimated to account for the largest share of the global missiles and missile defense systems market. Furthermore, the missile defense systems (by platform) market has been categorized into air-based platform, land-based platform, sea-based platform, space-based platform. The land-based platform segment held the largest share of the global missiles and missile defense systems market in 2022 and is anticipated to hold its share during the forecast period.

Market Segmentation

By product: missile defense systems, missiles

By range: short-range (up to 1000 km), medium-range (between 1000 km and 3000 km), intermediate-range (between 3000 km and 5500 km), intercontinental (more than 5500 km)

By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report also provides analysis of the key companies of the industry and their detailed company profiles including Almaz-Antey Corporation, Aselsan A.S., BAE Systems plc, Bharat Dynamic Ltd., Defence Research and Development Organisation - DRDO, General Dynamics Corporation, Hanwha Defense Co., Ltd., Israel Aerospace Industries Ltd. (IAI), JSC Tactical Missiles Corporation, Kongsberg Gruppen, Lockheed Martin Corporation, MBDA Incorporated, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Rheinmetall AG, Saab AB, Safran S.A., Thales S.A., The Boeing Company, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Scope of the Report

• To analyze and forecast the market size of the global missiles and missile defense systems market.
• To classify and forecast the global missiles and missile defense systems market based on product, range, region.
• To identify drivers and challenges for the global missiles and missile defense systems market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global missiles and missile defense systems market.
• To identify and analyze the profile of leading players operating in the global missiles and missile defense systems market.

• Gain a reliable outlook of the global missiles and missile defense systems market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.