Market Overview:
The global missile defence system market is expected to grow from USD 9.8 billion in 2018 to USD 23.5 billion by 2030, at a CAGR of 10.9% from 2018 to 2030. The growth of the global missile defence system market can be attributed to the increasing incidences of cross-border conflicts and terrorist attacks, and rising investments by countries in missile defence systems. Based on type, the radar segment is projected to lead the global missile defence system market during the forecast period.
Product Definition:
A missile defence system (MDS) is a system that is designed to protect a territory from attack by ballistic missiles. The most common type of MDS is composed of two or more radar systems, infrared sensors, and anti-ballistic missiles (ABMs). The purpose of the MDS is to detect incoming ballistic missiles and destroy them before they can reach their target.
Radar:
Radar is a device that emits and receives radio-frequency electromagnetic radiation. The term is commonly used for specifically designed systems, which detect and track objects using microwaves or infrared light. It differs from television cameras in the way it operates; they both use electromagnetic radiation to send and receive signals but a radar sets focuses on specific frequencies whereas a television camera's focus is on the visible light spectrum.
Missile interceptor:
A missile is a device used to deliver explosive or combustible material into a high atmosphere in order to achieve an intended goal such as destruction of another aircraft or spacecraft. In case of war, missiles are used for attack purposes by land-based, air and naval forces. Missile Defence System (MDS) is the set of equipment and technologies that are designed to detect, identify, characterise and destroy ballistic missiles during their flight phase using one or more interception attempts.
Application Insights:
The market is segmented by application into software and hardware. The software segment dominated the overall industry in terms of revenue in 2017, with over 60% share of the total market. This high share is attributable to the growing need for developing effective missile defence systems against evolving threats from ballistic missiles. Moreover, a rise in global tension due to North Korea¢â‚¬â„¢s nuclear ambitions has increased demand for MDA capabilities worldwide.
Software-based MDA solutions are considered more affordable than their counterparts as they require fewer resources and personnel on board to operate them effectively.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016 at over 35.0%. The U.S., which is the largest contributor to the regional market, has a strong military-industrial complex and hence contributes significantly to funding for research & development activities and procurement of advanced systems. Moreover, technological advancements coupled with high demand for cost-effective solutions are expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness significant growth owing to increasing tensions between nuclear powers such as India and Pakistan; China and Taiwan; North Korea and South Korea etc., necessitating deployment of effective missile defence systems against ballistic missiles attacks from neighbouring countries or rogue states (e.g., Iran).
Growth Factors:
- Increasing demand for missile defence systems from the military and homeland security sectors due to rising global security threats.
- Proliferation of ballistic and cruise missiles by countries such as North Korea, Iran, and Syria is driving the demand for missile defence systems.
- Growing investments by governments in advanced missile defence systems to protect their territories from potential attacks is propelling the market growth.
- Rising number of cross-border conflicts and terrorist activities are fuelling the demand for missile defence systems worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Missile Defence System Market Research Report
By Type
Radar, Missile interceptor
By Application
Software, Hardware
By Companies
BAE, General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon, Leonardo, MBDA, Rafael Advanced Defense Systems, Saab AB, Thales
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Missile Defence System Market Report Segments:
The global Missile Defence System market is segmented on the basis of:
Types
Radar, Missile interceptor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Software, Hardware
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BAE
- General Dynamics
- Lockheed Martin
- Northrop Grumman
- Raytheon
- Leonardo
- MBDA
- Rafael Advanced Defense Systems
- Saab AB
- Thales
Highlights of The Missile Defence System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Radar
- Missile interceptor
- By Application:
- Software
- Hardware
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Missile Defence System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A missile defence system is a type of defensive weapon used to protect against incoming missiles.
Some of the major players in the missile defence system market are BAE, General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon, Leonardo, MBDA, Rafael Advanced Defense Systems, Saab AB, Thales.
The missile defence system market is expected to register a CAGR of 10.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Missile Defence System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Missile Defence System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Missile Defence System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Missile Defence System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Missile Defence System Market Size & Forecast, 2018-2028
4.5.1 Missile Defence System Market Size and Y-o-Y Growth
4.5.2 Missile Defence System Market Absolute $ Opportunity
Chapter 5 Global Missile Defence System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Missile Defence System Market Size Forecast by Type
5.2.1 Radar
5.2.2 Missile interceptor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Missile Defence System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Missile Defence System Market Size Forecast by Applications
6.2.1 Software
6.2.2 Hardware
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Missile Defence System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Missile Defence System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Missile Defence System Analysis and Forecast
9.1 Introduction
9.2 North America Missile Defence System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Missile Defence System Market Size Forecast by Type
9.6.1 Radar
9.6.2 Missile interceptor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Missile Defence System Market Size Forecast by Applications
9.10.1 Software
9.10.2 Hardware
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Missile Defence System Analysis and Forecast
10.1 Introduction
10.2 Europe Missile Defence System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Missile Defence System Market Size Forecast by Type
10.6.1 Radar
10.6.2 Missile interceptor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Missile Defence System Market Size Forecast by Applications
10.10.1 Software
10.10.2 Hardware
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Missile Defence System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Missile Defence System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Missile Defence System Market Size Forecast by Type
11.6.1 Radar
11.6.2 Missile interceptor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Missile Defence System Market Size Forecast by Applications
11.10.1 Software
11.10.2 Hardware
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Missile Defence System Analysis and Forecast
12.1 Introduction
12.2 Latin America Missile Defence System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Missile Defence System Market Size Forecast by Type
12.6.1 Radar
12.6.2 Missile interceptor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Missile Defence System Market Size Forecast by Applications
12.10.1 Software
12.10.2 Hardware
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Missile Defence System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Missile Defence System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Missile Defence System Market Size Forecast by Type
13.6.1 Radar
13.6.2 Missile interceptor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Missile Defence System Market Size Forecast by Applications
13.10.1 Software
13.10.2 Hardware
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Missile Defence System Market: Competitive Dashboard
14.2 Global Missile Defence System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BAE
14.3.2 General Dynamics
14.3.3 Lockheed Martin
14.3.4 Northrop Grumman
14.3.5 Raytheon
14.3.6 Leonardo
14.3.7 MBDA
14.3.8 Rafael Advanced Defense Systems
14.3.9 Saab AB
14.3.10 Thales
