2021-10-13
Published Date
technology
Industry
157
Pages
The global missile defence system market is estimated to grow from USD 23 billion in 2021 to USD 30 billion by the end of the year 2027, at CAGR value of approximately 4% during 2022 to 2027. The missile defence system market is growing owing to factors such as increase in the defence budget across globe and increasing national threats and need for highly advanced missile defence system to protect in countries border. Heavy investment from private sector in development of missile defence programmes and government involvement is also expected to drive the growth of market. Missile Defense System Market Dynamics Driver: Heavy investment in R&D by private sector: One of the major impact important drivers in the growth of missile defence system market is heavy investment by the private players in product development and research. Countries such as United States, China, India, Russia combine invest over $700 billion in their defence budgets. Restraints: High Cost: high cost has been one of the major challenges in the growth and development of missile defence system market across globe. Technologies and components that requires to build this solution is heavily controlled by major players and government and is not easily accessible due to security concerns. The study categorizes the Missile Defense System market based on technology, range, application and region- By Technology: Fire Control System Weapon System Countermeasure System Command & Control System By Range Short Medium Long By Application Ground Air Marine Space By Region North America Europe Asia Pacific Rest of the World Segment Analysis: - By technology, the research indicates that weapon system segment is estimated to grow with the highest CAGR rate of 7% during the forecast 2022-2027. - By range, the is research indicates that medium range segment is dominating the market in the range segment where is long range segment is estimated to grow with 6.8% of CAGR during the forecast. - By application, the research indicates that ground segment accounts for largest market share where is space segment is estimated to grow with over 7.5% CAGR during forecast. - By region, research indicates that North America accounts for largest market and is expected to continue do so by the end of year 2027. Asia Pacific on the other hand is investing heavily in adoption of missile defence system and is estimated to grow with over 6.7% of CAGR during 2022- 2027. Countries in Europe such as Russia, Germany, France, UK are some of the prominent players in the field of product development and R&D of missile defence system. In Middle East, Israel has been a prominent country in growth and development of missile defence system. Key Market Players Major players operating in the field of missile defence system are: Lockheed Martin (US), Boeing (US), Raytheon Technologies (US), Northrop Grumman Corporation (US), and General Dynamics Corporation (US). Scope of Report Base year considered: 2020 Forecast period: 2027 Forecast units: USD Million Segments covered: Type, Range, Application Geographies covered: North America, Europe, Asia-Pacific, Middle East and Africa Companies covered: Lockheed Martin (US), Boeing (US), Raytheon Technologies (US), Northrop Grumman Corporation (US), and General Dynamics Corporation (US) Frequently Asked Questions (FAQ): What is the market size of Missile Defense System The global missile defence system market is estimated to grow from USD 23 billion in 2021 two USD 30 billion by the end of the year 2027, at CAGR value of approximately 4% during 2022 to 2027 What is the growth rate of Missile Defence System The Market is estimated to grow with CAGR value of 4% during 2022-2027. Which Country/Region is dominating the market of Missile Defence System North America is currently dominating the market and is expected to do so by the end of year 2027. Which Country/Region is growing fastest in field of Missile Defence System Asia-Pacific is growing with over 6.7% CAGR value.
1 Executive Summary 1.1 Executive Summary 1.2 Market Segmentation 2 Global Growth Trends 2.1 Missile Defense System Market Size 2.2 Missile Defense System Growth Trends by Region 2.2.1 Missile Defense System Market Size by Regions 2.2.2 Missile Defense System Market Share by Regions 3 Industry Trends 3.1 Market Factor Analysis 3.1.1 Drivers 3.1.2 Restraints 3.1.3 Opportunities 3.1.4 Challenges 3.2 Porters Five Forces Analysis 4 Missile Defense System Market By Technology 4.1 Overview 4.1.1 Market size and forecast 4.2 Fire Control System 4.2.1 Market Size and Forecast 4.2.1.1 Market Size 2016-2020 4.2.1.2 Market Size 2021-2027 4.3 Weapon System 4.3.1 Market Size and Forecast 4.3.1.1 Market Size 2016-2020 4.3.1.2 Market Size 2021-2027 4.4 Countermeasure System 4.4.1 Market Size and Forecast 4.4.1.1 Market Size 2016-2020 4.4.1.2 Market Size 2021-2027 4.5 Command & Control System 4.5.1 Market Size and Forecast 4.5.1.1 Market Size 2016-2020 4.5.1.2 Market Size 2021-2027 5 Missile Defense System Market By Range 5.1 Overview 5.1.1 Market size and forecast 5.2 Short 5.2.1 Market Size and Forecast 5.2.1.1 Market Size 2016-2020 5.2.1.2 Market Size 2021-2027 5.3 Medium 5.3.1 Market Size and Forecast 5.3.1.1 Market Size 2016-2020 5.3.1.2 Market Size 2021-2027 5.4 Long 5.4.1 Market Size and Forecast 5.4.1.1 Market Size 2016-2020 5.4.1.2 Market Size 2021-2027 6 Missile Defense System Market By Application 6.1 Overview 6.1.1 Market size and forecast 6.2 Ground 6.2.1 Market Size and Forecast 6.2.1.1 Market Size 2016-2020 6.2.1.2 Market Size 2021-2027 6.3 Air 6.3.1 Market Size and Forecast 6.3.1.1 Market Size 2016-2020 6.3.1.2 Market Size 2021-2027 6.4 Marine 6.4.1 Market Size and Forecast 6.4.1.1 Market Size 2016-2020 6.4.1.2 Market Size 2021-2027 6.5 Space 6.5.1 Market Size and Forecast 6.5.1.1 Market Size 2016-2020 6.5.1.2 Market Size 2021-2027 7 Missile Defense System Market By Region 7.1 Overview 7.2 North America 7.2.1 North America Missile Defense System Market By Technology 7.2.1.1 Overview 7.2.1.1.1 North America Missile Defense System Market By Technology Analysis: Fire Control System 7.2.1.1.2 North America Missile Defense System Market By Technology Analysis: Weapon System 7.2.1.1.3 North America Missile Defense System Market By Technology Analysis: Countermeasure System 7.2.1.1.4 North America Missile Defense System Market By Technology Analysis: Command & Control System 7.2.2 North America Missile Defense System Market By Range 7.2.2.1 Overview 7.2.2.1.1 North America Missile Defense System Market By Range Analysis: Short 7.2.2.1.2 North America Missile Defense System Market By Range Analysis: Medium 7.2.2.1.3 North America Missile Defense System Market By Range Analysis: Long 7.2.3 North America Missile Defense System Market By Application 7.2.3.1 Overview 7.2.3.1.1 North America Missile Defense System Market By Application Segment Analysis: Ground 7.2.3.1.2 North America Missile Defense System Market By Application Segment Analysis: Air 7.2.3.1.3 North America Missile Defense System Market By Application Segment Analysis: Marine 7.2.3.1.4 North America Missile Defense System Market By Application Segment Analysis: Space 7.2.4 North America Missile Defense System Market By Countries 7.2.4.1 Overview 7.2.4.1.1 USA 7.2.4.1.2 Canada 7.3 Europe 7.3.1 Europe Missile Defense System Market By Technology 7.3.1.1 Overview 7.3.1.1.1 Europe Missile Defense System Market By Technology Analysis: Fire Control System 7.3.1.1.2 Europe Missile Defense System Market By Technology Analysis: Weapon System 7.3.1.1.3 Europe Missile Defense System Market By Technology Analysis: Countermeasure System 7.3.1.1.4 Europe Missile Defense System Market By Technology Analysis: Command & Control System 7.3.2 Europe Missile Defense System Market By Range 7.3.2.1 Overview 7.3.2.1.1 Europe Missile Defense System Market By Range Analysis: Short 7.3.2.1.2 Europe Missile Defense System Market By Range Analysis: Medium 7.3.2.1.3 Europe Missile Defense System Market By Range Analysis: Long 7.3.3 Europe Missile Defense System Market By Application 7.3.3.1 Overview 7.3.3.1.1 Europe Missile Defense System Market By Application Segment Analysis: Ground 7.3.3.1.2 Europe Missile Defense System Market By Application Segment Analysis: Air 7.3.3.1.3 Europe Missile Defense System Market By Application Segment Analysis: Marine 7.3.3.1.4 Europe Missile Defense System Market By Application Segment Analysis: Space 7.3.4 Europe Missile Defense System Market By Countries 7.3.4.1 Overview 7.3.4.1.1 Germany 7.3.4.1.2 France 7.3.4.1.3 UK 7.3.4.1.4 Italy 7.3.4.1.5 Rest of Europe 7.4 Asia Pacific 7.4.1 Asia Pacific Missile Defense System Market By Technology 7.4.1.1 Overview 7.4.1.1.1 Asia Pacific Missile Defense System Market By Technology Analysis: Fire Control System 7.4.1.1.2 Asia Pacific Missile Defense System Market By Technology Analysis: Weapon System 7.4.1.1.3 Asia Pacific Missile Defense System Market By Technology Analysis: Countermeasure System 7.4.1.1.4 Asia Pacific Missile Defense System Market By Technology Analysis: Command & Control System 7.4.2 Asia Pacific Missile Defense System Market By Range 7.4.2.1 Overview 7.4.2.1.1 Asia Pacific Missile Defense System Market By Range Analysis: Short 7.4.2.1.2 Asia Pacific Missile Defense System Market By Range Analysis: Medium 7.4.2.1.3 Asia Pacific Missile Defense System Market By Range Analysis: Long 7.4.3 Asia Pacific Missile Defense System Market By Application 7.4.3.1 Overview 7.4.3.1.1 Asia Pacific Missile Defense System Market By Application Segment Analysis: Ground 7.4.3.1.2 Asia Pacific Missile Defense System Market By Application Segment Analysis: Air 7.4.3.1.3 Asia Pacific Missile Defense System Market By Application Segment Analysis: Marine 7.4.3.1.4 Asia Pacific Missile Defense System Market By Application Segment Analysis: Space 7.4.4 Asia Pacific Missile Defense System Market By Countries 7.4.4.1 Overview 7.4.4.1.1 China 7.4.4.1.2 India 7.4.4.1.3 Japan 7.4.4.1.4 South Korea 7.4.4.1.5 Taiwan 7.4.4.1.6 Rest of Asia Pacific 7.5 MEA and LATAM 7.5.1 MEA and LATAM Missile Defense System Market By Technology 7.5.1.1 Overview 7.5.1.1.1 MEA and LATAM Missile Defense System Market By Technology Analysis: Fire Control System 7.5.1.1.2 MEA and LATAM Missile Defense System Market By Technology Analysis: Weapon System 7.5.1.1.3 MEA and LATAM Missile Defense System Market By Technology Analysis: Countermeasure System 7.5.1.1.4 MEA and LATAM Missile Defense System Market By Technology Analysis: Command & Control System 7.5.2 MEA and LATAM Missile Defense System Market By Range 7.5.2.1 Overview 7.5.2.1.1 MEA and LATAM Missile Defense System Market By Range Analysis: Short 7.5.2.1.2 MEA and LATAM Missile Defense System Market By Range Analysis: Medium 7.5.2.1.3 MEA and LATAM Missile Defense System Market By Range Analysis: Long 7.5.3 MEA and LATAM Missile Defense System Market By Application 7.5.3.1 Overview 7.5.3.1.1 MEA and LATAM Missile Defense System Market By Application Segment Analysis: Ground 7.5.3.1.2 MEA and LATAM Missile Defense System Market By Application Segment Analysis: Air 7.5.3.1.3 MEA and LATAM Missile Defense System Market By Application Segment Analysis: Marine 7.5.3.1.4 MEA and LATAM Missile Defense System Market By Application Segment Analysis: Space 7.5.4 MEA and LATAM Missile Defense System Market By Countries 7.5.4.1 Overview 7.5.4.1.1 MEA 7.5.4.1.2 LATAM 8 Market Share by Key Players 8.1 Missile Defense System Market Size by Players 8.1.1 Key Companies Revenue in 2020 8.1.2 Key Companies Market Share in 2020 8.1.3 Missile Defense System Market Concentration Ratio (CR5 and HHI) 8.2 Company Profile 8.2.1 Lockheed Martin (US) 8.2.1.1 Company overview 8.2.1.2 Key Executives 8.2.1.3 Product portfolio 8.2.1.4 Key Financials 8.2.1.5 Recent Developments 8.2.2 Boeing (US) 8.2.3 Raytheon Technologies (US) 8.2.4 Northrop Grumman Corporation (US) 8.2.5 General Dynamics Corporation (US) 9 Appendix 9.1 Research Methodology 9.1.1 Methodology/Research Approach 9.1.1.1 Research Programs/Design 9.1.1.2 Market Size Estimation 9.1.1.3 Market Breakdown and Data Triangulation 9.1.2 Data Source 9.1.2.1 Primary Sources 9.1.2.2 Secondary Sources 9.1.3 DisclaimerList of Tables and Figures