The Global Missile Defense System Market to grow from USD 26.76 billion in 2022 to USD 55.82 billion by 2030, at a CAGR of 9.62%.
PUNE, MAHARASHTRA, INDIA, November 17, 2023 /EINPresswire.com/ — The “Missile Defense System Market by Product (Discrimination Systems, Pointing & Tracking Systems, Surveillance & Acquisition Systems), Technology (Command & Control System, Countermeasure System), Range, Threat Type, Engagement Phase, Speed, Domain – Global Forecast 2023-2030″ report has been added to 360iResearch.com’s offering.
The Global Missile Defense System Market to grow from USD 26.76 billion in 2022 to USD 55.82 billion by 2030, at a CAGR of 9.62%.
The missile defense system market encompasses developing, producing, and integrating advanced technologies for detecting, tracking, intercepting, and destroying incoming missiles. The missile defense system encompasses applications ranging from strategic deterrence to tactical battlefield operations, serving various end-users such as national military forces, international defense organizations, private security contractors, and government agencies responsible for homeland security. The growing range of emerging threats and the increased necessity for the accuracy of weapons countermeasures have intensified the need for advanced missile defense capabilities. In addition, growing military expenditure and spending by nations worldwide is expanding the market. Problems associated with missile defense systems to intercept nuclear threats on any part of trajectory and the high cost associated with research and development (R&D) activities required to develop state-of-the-art technologies capable of countering security threats limit the market. Increasing innovation and research in next-generation technologies such as advanced propulsion systems, hypersonic missiles, directed energy weapons (DEWs), and network-centric warfare for improved communication and data sharing among platforms within missile defense architectures are creating prospects for expansion of market. Moreover, leveraging satellite technology for enhanced early-warning systems against missile launches is crucial, along with space-based interceptor platforms expanding coverage area to develop potential opportunities for market expansion.
Product: Growing adoption of pointing and tracking systems for high accuracy in a dynamic battle environment
Discrimination systems are essential for discerning hostile targets from non-threats or decoys, particularly with the advent of advanced technologies such as stealth capabilities and multiple independently targetable reentry vehicles (MIRVs). Pointing and tracking systems enable precise targeting of enemy missiles and ensure effective interception by providing real-time guidance to interceptors. The necessity for these systems stems from the need for high accuracy in a dynamic battle environment where split-second decisions can save lives. Surveillance and acquisition systems detect, track, and issue early warnings against incoming threats. The need for these systems has grown due to the increasing number of countries developing ballistic missile capabilities. Target destruction systems intercept and neutralize incoming threats before reaching their intended targets, thereby reducing collateral damage and saving lives. The importance of target destruction systems is emphasized by the rapid proliferation of ballistic missiles and the emergence of hypersonic weapons.
Domain: Increasing use of missile defense system on air domain to excel at countering aerial threats
Air-based missile defense systems primarily focus on intercepting short- and long-range aerial threats such as aircraft, drones, and incoming missiles. Key subcategories within this domain include ground-based air defense systems and airborne platforms. Land-based missile defense systems play a crucial role in protecting strategic locations such as military bases and urban centers against ground-to-ground attacks. Subcategories in this domain include ballistic missile defenses and cruise missile defenses. Naval missile defense systems secure vital sea lines of communication and protect naval assets against threats above and below the water surface. Key subcategories include ship-based missile defenses and submarine-launched ballistic missiles. Space-based missile defense systems aim to enhance early warning capabilities and enable intercepting missiles during their boost phase. Notable subcategories include satellite-based early warning systems and space-based interceptors.
Range: Increasing development and investments in long-range missile defense systems
Long-range missile defense systems are designed to intercept intercontinental ballistic missiles (ICBMs) and other high-altitude threats with ranges exceeding 3,000 kilometers. These systems provide strategic protection against potential adversaries possessing advanced missile technologies. Medium-range missile defense systems target threats within 1,000 to 3,000 kilometers. These systems offer regional and extended area protection against ballistic missiles and other airborne threats. Short-range missile defense systems focus on protecting against threats with ranges below 1,000 kilometers. These systems are typically mobile, including point and battlefield air and missile defenses. Generally, long-range missiles are used for strategic defense, medium-range for theater defense, and short-range for tactical defense. Long-range missile defense systems serve to protect nations against the most significant threats posed by ICBMs; however, they may not be effective in intercepting shorter-range missiles. Medium-range systems provide robust regional protection but can still leave gaps in coverage against low-altitude threats. Short-range systems address these gaps by offering localized defense capabilities that can neutralize imminent threats close to their territories.
Threat Type: Rising use of missile defenses systems to reduce the threat of nuclear attacks
Conventional missile threats are characterized by non-nuclear warheads, typically high explosive or fragmentation payloads. These missiles can be short-range, medium-range, or long-range, depending on the distance they travel to reach their target. The need-based preference for addressing conventional missile threats is a multi-layered defense system that can intercept and destroy incoming missiles at various stages of their flight trajectory. Nuclear missile threats carry nuclear warheads capable of causing massive destruction upon impact. Intercontinental ballistic missiles (ICBMs) pose a significant threat due to their long ranges and high-speed re-entry vehicles carrying nuclear payloads. Addressing nuclear missile threats requires highly sophisticated early warning systems and advanced interceptor technologies capable of neutralizing the threat before it reaches its target. Conventional missile defenses focus on providing versatile solutions that can engage various types of non-nuclear missiles with differing ranges. However, nuclear missile defenses prioritize advanced technology to detect and neutralize long-range ICBMs carrying devastating payloads.
Technology: Increasing demand for command & control systems for timely and accurate information for effective decision-making
The command & control system is an integral part of a missile defense system, as it ensures that necessary information is collected, processed, and disseminated to facilitate effective decision-making. It encompasses various components such as sensors, communication networks, and data processing units. The need for this technology arises from its ability to enable rapid and accurate response in high-pressure situations. Combat management systems help in providing an integrated and efficient platform to manage defense-related operations. Fire control and radar tracking technologies contribute significantly to detecting, identifying, and tracking incoming threats including ballistic missiles or other airborne targets. A countermeasure system is essential to missile defense technology designed to protect military assets from incoming threats by deploying decoys or jamming guidance systems. The need for countermeasures arises primarily from their capacity to increase survivability by confusing enemy missiles or rendering them ineffective before they reach their targets. These countermeasures utilize various techniques to reduce the detectability or effectiveness of enemy sensors, such as jamming, deception, and even destruction. Countermeasures against enemy weapons span various domains, such as active protection systems (APS), directed energy weapons (DEW), and cyber operations. Command & control systems focus on providing timely and accurate information for effective decision-making, while countermeasure systems concentrate on protecting assets by neutralizing incoming threats.
Speed: Rapid advancements in technology of MDS leading toward increased interception of hypersonic systems
Hypersonic missiles are a cutting-edge class of weapons designed to travel at speeds surpassing Mach 5. These high-speed maneuverable projectiles exhibit unparalleled capabilities to penetrate advanced air defense systems due to their speed, agility, and low-altitude trajectory. As a result, they have garnered significant interest from several countries that aim to strengthen their national security infrastructure. Subsonic missiles have speeds below Mach 1, making them slower than supersonic and hypersonic counterparts. These missiles remain relevant in modern warfare scenarios as they offer advantages such as cost-effectiveness and stealthier operations. Supersonic missiles are those that travel at speeds between Mach 1 and Mach 5. Their high-speed profile offers improved penetration capabilities against enemy air defense systems compared to subsonic missiles while being more cost-effective than hypersonic alternatives. The hypersonic missiles represent the fastest-growing segment due to their ability to bypass conventional defenses. Moreover, subsonic and supersonic systems continue to hold value based on mission-specific requirements.
Engagement Phase: Development of MDS solutions with boost engagement phase for effectively countering missile threats
The boost phase starts when a missile is launched and lasts until it reaches its apex. During this period, the rocket engines of the missile are still active, making it highly visible and vulnerable to interception. The midcourse phase begins when the booster engines of the missile have burned out, and the trajectory has been established. In this phase, the warhead coasts through space and is vulnerable to interception. The terminal phase commences as a missile re-enters the Earth’s atmosphere before hitting its target. During this period, interceptors attempt to destroy incoming warheads just before impact and during atmospheric re-entry. Boost-phase interception is theoretically advantageous and poses challenges such as short response times and proximity to enemy territory. Therefore, few systems focus exclusively on this phase, and they provide multiple-layered protection, combining all engagement phases. Midcourse systems primarily rely on ground or sea-based radar and satellite sensors to track incoming missiles. Terminal phase interceptors face challenges such as a significantly shorter engagement window, high closing velocities, and warhead maneuverability. However, they remain an essential component of a comprehensive missile defense strategy.
In the Americas, the United States significantly contributes to the missile defense system market owing to its significant investments in research and development initiatives aimed at improving homeland security. The U.S. has deployed various sophisticated land-based systems, such as the ground-based midcourse defense (GMD) system and naval platforms, including the Aegis ballistic missile defense system (Aegis BMD). In Latin America, countries such as Brazil have started focusing on enhancing their military capabilities with investments in missile defense technology. Europe faced diverse threats, including traditional state adversaries such as Russia and emerging non-state actors involved in regional conflicts, including Syria and Libya. Major European countries have invested in robust missile defense systems to protect their territories and populations against these potential hostiles. Due to ongoing geopolitical conflicts, the Middle East is witnessing a significant increase in need for advanced missile defense capabilities. The APAC region witnesses rapid increase in need for missile defense systems due to increasing geopolitical tensions involving China, North Korea, the India-Pakistan conflict, and an ongoing arms race among major powers in the Asia-Pacific. Key players such as Japan, South Korea, Australia, and India are investing significantly in acquiring state-of-the-art missile defense capabilities to ensure regional stability and protect their territories against potential activities.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Missile Defense System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Missile Defense System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Missile Defense System Market, highlighting leading vendors and their innovative profiles. These include Airbus SE, ASELSAN Elektronik Sanayi ve Ticaret Anonim Şirketi’ne, BAE Systems PLC, Bechtel Corporation, Booz Allen Hamilton Holding Corporation, CACI International Inc., Defence R&D Organisation, General Dynamic Corporation, Hanwha Corporation, Huntington Ingalls Industries, Inc., Israel Aerospace Industries Ltd., KBR, Inc., Kongsberg Gruppen ASA, L3Harris Technologies, Inc., Leidos Holdings, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Mitsubishi Heavy Industries, Ltd., Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Rheinmetall AG, Roketsan A.Ş., RTX Corporation, Saab AB, Safran Group, Science Applications International Corporation, Tactical Missiles Corporation, Thales Group, and The Boeing Company.
Market Segmentation & Coverage:
This research report categorizes the Missile Defense System Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Discrimination Systems, Pointing & Tracking Systems, Surveillance & Acquisition Systems, and Target Destruction Systems. The Surveillance & Acquisition Systems commanded largest market share of 31.65% in 2022, followed by Discrimination Systems.
Based on Technology, market is studied across Command & Control System and Countermeasure System. The Command & Control System is further studied across Combat Management Systems and Fire Control & Radar Tracking. The Countermeasure System is further studied across Countermeasures to Sensors and Countermeasures to Weapons. The Command & Control System commanded largest market share of 58.88% in 2022, followed by Countermeasure System.
Based on Range, market is studied across Long, Medium, and Short. The Long commanded largest market share of 45.56% in 2022, followed by Medium.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Missile Defense System Market, by Product
7. Missile Defense System Market, by Technology
8. Missile Defense System Market, by Range
9. Missile Defense System Market, by Threat Type
10. Missile Defense System Market, by Engagement Phase
11. Missile Defense System Market, by Speed
12. Missile Defense System Market, by Domain
13. Americas Missile Defense System Market
14. Asia-Pacific Missile Defense System Market
15. Europe, Middle East & Africa Missile Defense System Market
16. Competitive Landscape
17. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Missile Defense System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Missile Defense System Market?
3. What is the competitive strategic window for opportunities in the Missile Defense System Market?
4. What are the technology trends and regulatory frameworks in the Missile Defense System Market?
5. What is the market share of the leading vendors in the Missile Defense System Market?
6. What modes and strategic moves are considered suitable for entering the Missile Defense System Market?