Missiles and Missile Defense Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Missiles and Missile Defense Systems Market is Segmented by Range (Short, Medium, Intermediate, and Intercontinental), Missile Type (Missile Defense Systems, Anti-aircraft Missiles, Anti-ship Missiles, and Anti-tank Missiles), and Geography.

Market Snapshot

Missiles and Missile Defense Systems Market over
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >10 %

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Market Overview

The missiles and missile defense systems market is estimated to register a CAGR of over 10%, during the forecast period (2020-2025).

  • The growing conflicts between various countries and the increasing number of investments on missile defense systems being made by different countries worldwide are the major factors driving the market.
  • Technological advancements, in terms of missiles and missile defense systems, may lead to various countries procuring advanced missile defense systems, which may propel the growth in the near future. 
  • Additionally, fight against terrorism is also expected to support the growth of the missiles and missile defense systems, worldwide.

Scope of the Report

The missiles and missile defense systems market encompasses the traditional aspects of defense forces categorization, including the procurement, upgrade, and modernization plans for capability enhancement of global defense forces. The market is segmented on range into short (up to 1,000 km), medium (between 1,000 km and 3,000 km), intermediate (between 3,000 and 5,500 km), and intercontinental (more than 5500 km); and missile type into missile defense systems, anti-aircraft missiles, anti-ship missiles, and anti-tank missiles. The study assimilates data from annual defense budget allocations of the various countries to develop a comprehensively detailed overview of the current missile defense capabilities of the nations. Furthermore, the study also analyses emerging trends, such as Network-Centric Warfare (NCW), development of joint-strike capabilities that would promote the rapid adoption of the sophisticated missile launch and defense systems for detecting, tracking, and neutralizing incoming threats. The report also includes an overview of the efforts divested by the countries toward enhancing their defense capabilities against evolving weaponry systems, such as stealth missiles and hypersonic missiles.

Range
Short (Up to 1,000 kms)
Medium (Between 1,000 kms and 3,000 kms)
Intermediate (Between 3,000 kms and 5,500 kms)
Intercontinental (More than 5,500 kms)
Type
Missile Defense Systems
Anti-aircraft Missiles
Anti-ship Missiles
Anti-tank Missiles
Geography
North America
United States
Canada
Latin America
Mexico
Brazil
Rest of Latin America
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Europe
United Kingdom
Germany
France
Russia
Rest of Europe
Middle-East and Africa
Saudi Arabia
Turkey
United Arab Emirates
Egypt
Rest of Middle-East and Africa

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Key Market Trends

Intercontinental Missiles is Anticipated to Register the Highest CAGR During the Forecast Period

Currently, the intercontinental missiles segment, which has an inherent range of over 5,500 km, dominate the market. Most advanced intercontinental missiles have a range exceeding 12,000 km. Intercontinental missiles can be launched from submarines and can be monitored and controlled using GPS guidance systems. Military powerhouses, such as the United States, the United Kingdom, China, and India, have been focused on augmenting their military firepower and defensive capabilities. To ensure combat readiness of existing defense systems, several weapon modernization programs are currently underway to effectively upgrade the capabilities of the regional armed forces for effectively responding to security threats and accomplish urgent, critical, and dangerous strategic missions. The range and warhead carrying capacity of the intercontinental missiles is driving the potential investments toward the development of advanced ballistic missiles. Besides the development of new weaponry, several new procurement contracts are also underway. Such developments are bolstering the demand for missiles and associated missile defense systems and encouraging missile manufacturers to ramp up production capacity in anticipation of future orders. 

Missiles and Missile Defense Systems Market_driver1

North America is Expected to Continue to Lead the Missiles and Missile Defense Systems Market

In the missiles and missile defense systems market, North America is generating the highest revenue at present. North America is the most significant defense spender globally. North America is witnessing an increase in the number of developments related to missile and missile defense systems. The FY2020 budget entails USD 13.6 billion for weapons and missile defense systems. In May 2019, the US DoD requested USD100 million for the FY2020 budget to develop three new missile systems that would exceed the range limits of the 1987 Intermediate-Range Nuclear Forces (INF) Treaty. The US Defense Forces are procuring advanced weaponry to achieve military dominance in the region, besides ensuring internal peace and security. Recently, the United States successfully carried out testing of a key missile defense system, which can knock down incoming intermediate-range missiles. The Aegis Ashore system, which was used in the latest test carried out, was fitted with a Standard Missile 3 Block IIA (SM-3 IIA) interceptor being developed in a joint venture between Raytheon Co. and Japan’s Mitsubishi Heavy Industries Ltd. The successful test also led to the US military exploring various options of adding another layer of missile defenses to the already placed defense systems for intercepting incoming missiles. The US government has also announced its plans to develop a new strategy for an aggressive space-based missile defense system, as well as counter advanced cruise missiles, such as the ones currently being developed by China and Russia. Thus, various ongoing developments may lead to the growth of the missiles and missile defense systems market in the North American region during the forecast period.

Missiles and Missile Defense Systems Market _geography

Competitive Landscape

The emerging security environment, fueled by the growing geopolitical unrest in several countries, is resulting in the growing demand for advanced weapons. In order to gain long-term contracts and expand global presence, players are investing significantly toward the procurement of new missiles and missile defense systems. Furthermore, continuous R&D has been fostering the advancements of accuracy and efficiency of integrated weapon technologies and associated products and solutions of the missiles and missile defense systems. The market is fragmented, with many global players present in the market. Some of the prominent players in the market studied include the Boeing Company, Lockheed Martin Corporation, the Raytheon Company, Northrop Grumman Corporation, and Israel Aerospace Industries, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Range

      1. 5.1.1 Short (Up to 1,000 kms)

      2. 5.1.2 Medium (Between 1,000 kms and 3,000 kms)

      3. 5.1.3 Intermediate (Between 3,000 kms and 5,500 kms)

      4. 5.1.4 Intercontinental (More than 5,500 kms)

    2. 5.2 Type

      1. 5.2.1 Missile Defense Systems

      2. 5.2.2 Anti-aircraft Missiles

      3. 5.2.3 Anti-ship Missiles

      4. 5.2.4 Anti-tank Missiles

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Latin America

        1. 5.3.2.1 Mexico

        2. 5.3.2.2 Brazil

        3. 5.3.2.3 Rest of Latin America

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Europe

        1. 5.3.4.1 United Kingdom

        2. 5.3.4.2 Germany

        3. 5.3.4.3 France

        4. 5.3.4.4 Russia

        5. 5.3.4.5 Rest of Europe

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 Turkey

        3. 5.3.5.3 United Arab Emirates

        4. 5.3.5.4 Egypt

        5. 5.3.5.5 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Raytheon Company

      2. 6.2.2 The Boeing Company

      3. 6.2.3 Lockheed Martin Corporation

      4. 6.2.4 Northrop Grumman Corporation

      5. 6.2.5 MBDA Inc.

      6. 6.2.6 Frontier Electronic Systems Corp.

      7. 6.2.7 Thales Group

      8. 6.2.8 Israel Aerospace Industries Ltd

      9. 6.2.9 ASELSAN AŞ

      10. 6.2.10 Kongsberg Gruppen ASA

      11. 6.2.11 Saab AB

      12. 6.2.12 Rheinmetall AG

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Missiles And Missile Defense Systems Market market is studied from 2018 - 2026.

The Missiles And Missile Defense Systems Market is growing at a CAGR of >10% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Raytheon Company, The Boeing Company, Lockheed Martin Corporation, Israel Aerospace Industries, Northrop Grumman Corporation are the major companies operating in Missiles And Missile Defense Systems Market.

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