Dublin, July 25, 2023 (GLOBE NEWSWIRE) -- The "Missile Defense System Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This report provides valuable insights into the missile defense system market, covering key players, market size, growth trends, and future projections.
Major Players and Companies Covered:
The missile defense system market includes prominent players like BAE Systems, General Dynamics, Lockheed Martin, MBDA, Northrop Grumman, Raytheon Technologies, Rheinmetall, Boeing, Saab AB, Aerojet Rocketdyne, BrahMos Aerospace, and Israel Aerospace Industries. These leading companies contribute significantly to the market's growth and offer a diverse range of missile defense system components, including satellite sensors, interceptors, and command and control systems.
Market Overview and Growth Analysis:
The global missile defense system market witnessed significant growth, expanding from $25.65 billion in 2022 to $28.73 billion in 2023, at a compound annual growth rate (CAGR) of 12.0%. The market's growth was influenced by various factors, including geopolitical events such as the Russia-Ukraine war, which impacted the chances of global economic recovery from the COVID-19 pandemic. Economic sanctions, commodity price surges, and supply chain disruptions led to inflation across goods and services, affecting several markets worldwide. The missile defense system market is projected to continue growing and is expected to reach $43.84 billion by 2027, with a CAGR of 11.1%.
Market Scope and Coverage:
The missile defense system market covers a wide range of technologies, including fire control systems, weapon systems, countermeasure systems, and command and control systems. The systems cater to various domains, such as ground, air, marine, and space, with different ranges, including short, medium, and long. Additionally, the market addresses different threat types, such as subsonic missiles, supersonic missiles, and hypersonic missiles. Geographically, the report covers regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, focusing on major countries like the USA, UK, China, Russia, India, and more.
Reasons to Purchase:
The "Missile Defense System Global Market Report 2023" offers several compelling reasons to consider this comprehensive report:
- Global Perspective: Gain valuable insights into the market's performance across 50+ geographies, providing a truly global perspective on the missile defense system market.
- COVID-19 Impact Analysis: Understand how the market has been affected by the pandemic and how it is responding as the impact abates.
- Geopolitical Impact: Assess the influence of the Russia-Ukraine war on agriculture, energy, mineral commodity supply, and its direct and indirect impact on the market.
- Inflation Effects: Measure the impact of high global inflation on market growth.
- Regional Strategies: Create regional and country strategies based on local data and analysis.
- Investment Opportunities: Identify growth segments for investment, outperform competitors using forecast data, and understand the drivers and trends shaping the market.
- Market Shares and Performance: Understand customers based on the latest market shares and benchmark performance against key competitors.
Artificial Intelligence (AI) and Technological Advancements:
A key trend in the missile defense system market is the rise in developments and increasing use of artificial intelligence (AI). AI is revolutionizing the defense industry by enhancing decision-making and improving the efficiency of various defense systems. Companies like Rafael Advanced Defense Systems have launched AI-powered sea breaker missiles, showcasing the industry's focus on integrating AI and advanced algorithms to develop fifth-generation weapon systems.
Notable Acquisitions:
In July 2020, BAE Systems acquired Collins Aerospace's military global positioning system (GPS) business, fortifying its technology-based offerings and contributing to the U.S. Department of Defense's capabilities.
Markets Covered and Data Segmentation:
The report segments the market based on technology, domain, range, and threat type. Technology categories include fire control systems, weapon systems, countermeasure systems, and command and control systems. Domains consist of ground, air, marine, and space, while range options include short, medium, and long. Moreover, the market addresses various threat types, such as subsonic missiles, supersonic missiles, and hypersonic missiles.
The report covers various regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, and highlights countries like Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Delivery and Access:
The comprehensive "Missile Defense System Global Market Report 2023" is available in PDF, Word, and Excel Data Dashboard formats, making it easy to access and utilize the valuable data and analysis for internal and external presentations.
For detailed insights and strategic guidance into the missile defense system industry, consider the "Missile Defense System Global Market Report 2023". The report offers an in-depth analysis of the current and future scenarios of the market and provides strategists, marketers, and senior management with critical information to assess the market and make informed decisions.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $28.73 billion |
| Forecasted Market Value (USD) by 2027 | $43.84 billion |
| Compound Annual Growth Rate | 11.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/wp417g
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