Dublin, Jan. 07, 2025 (GLOBE NEWSWIRE) -- The "Missiles and Missile Defence Systems (MMDS) Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering.
Overall Global revenue for Missiles and Missile Defence Systems (MMDS) Market surpassed $40 billion in 2024
This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Segmentation Overview
On the basis of types, surface-to-air missiles dominated the market in 2023. Surface-to-air missiles have become more common as a result of the growing proliferation of unmanned aerial vehicles (UAVs) and other airborne threats, which has increased the need for strong air defence systems. Surface-to-air missile demand has also increased as a result of countries prioritising the improvement of their air defence capabilities in response to geopolitical tensions and regional conflicts.
Furthermore, surface-to-air missile systems are now more effective due to technological developments such better target detection and interception capabilities. The sector is anticipated to maintain its upward development trajectory, helped by the changing threat picture and ongoing defence modernisation projects.
The simulation exercises segment was the most dominant in 2023 and is expected to continue to be so for the duration of the forecast. Realistic and affordable training solutions are in greater demand as defence forces around the world place a greater focus on preparedness and training. Without requiring live-fire drills, military personnel can practise skills, perform scenario-based training, and assess tactical strategies in a safe and immersive setting using simulation exercises.
Furthermore, the authenticity and realism of training simulations have been improved by advances in simulation technology, such as virtual reality (VR) and augmented reality (AR), which has increased their popularity. Furthermore, as a more affordable substitute for conventional training techniques, military organisations are depending more and more on simulation exercises due to financial limitations and safety concerns.
Key Questions Answered
- How is the missiles and missile defense systems (MMDS) market evolving?
- What is driving and restraining the missiles and missile defense systems (MMDS) market?
- How will each missiles and missile defense systems (MMDS) submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
- How will the market shares for each missiles and missile defense systems (MMDS) submarket develop from 2024 to 2034?
- What will be the main driver for the overall market from 2024 to 2034?
- Will leading missiles and missile defense systems (MMDS) markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
- Who are the leading players and what are their prospects over the forecast period?
- What are the missiles and missile defense systems (MMDS) projects for these leading companies?
- How will the industry evolve during the period between 2024 and 2034? What are the implications of missiles and missile defense systems (MMDS) projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the missiles and missile defense systems (MMDS) market?
- Where is the missiles and missile defense systems (MMDS) market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
Missiles and Missile Defence Systems (MMDS) Market Impact Analysis
Market Driving Factors
- Development of New-Generation Air and Missile Defence Systems
Market Restraining Factors
- High Cost of Advanced Technologies
- Stringent Government Regulations
Market Opportunities
- Emerging Economies Defence Budgets Are Increasing
Regulatory Framework
Emerging Markets and Megatrends
Porter's Five Forces Analysis
PEST Analysis
Company Profiles
- Aerojet Rocketdyne
- BAE Systems
- Bharat Dynamics
- Boeing
- BrahMos Aerospace
- Denel Dynamics
- Kongsberg Defense Systems
- Lockheed Martin Corporation
- Makeyev Design Bureau
- MBDA
- Mectron
- Northrop Grumman
- Rafael Advanced Defense Systems
- Raytheon
- Rheinmetall Defense
- Sagem
- Tactical Missiles
- Thales
Segments Covered in the Report
Type
- Missile Defence Systems
- Surface-To-Air Missiles
- Air-To-Surface Missiles
- Air-To-Air Missiles
- Others
Application
- Military
- Simulation Exercises
- Others
North America
- U.S.
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
MEA
- GCC
- South Africa
- Rest of MEA
For more information about this report visit https://www.researchandmarkets.com/r/ocaex2
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
