Interceptor Missiles Market Revenue 2018-2024 Trend & Regional Analysis By Major Manufacturers - Aerojet Rocketdyne, Lockheed Martin, Boeing, Raytheon

Global interceptor missiles market is expected to cross 3,000 units till 2024. Continuously increasing threat of attacks from rival countries has resulted in proliferating demand for interceptor missiles over the forecast timeframe. Multiple countries across the globe including Netherlands, U.S, Israel, Saudi Arabia, UAE, Qatar, etc., have purchased patriot interceptor missiles to strengthen their defense inventory, impacting the industry positively. Interceptor Missiles Market size is estimated to surpass USD 14 billion by 2024; according to a new research report by Global Market Insights, Inc.

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Surface to air missiles are expected to capture maximum interceptor missiles market revenue share of more than 80% by 2024. Some of the benefits offered includes light-weight and portability which in turn will drive the industry demand. Water to air missiles will exhibit approximately 7% CAGR owing to rising adoption of these missiles in various countries across the globe for naval border protection.

Interceptor missiles of range above 200 kms will exhibit over 18% CAGR in terms of revenue owing to rising deployment of advanced missiles such as HQ-19. Regular innovations in these missiles in countries such as China will further strengthen the industry penetration over the forecast timeframe.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Aerojet Rocketdyne
2. Boeing Co.
3. Lockheed Martin Corp.
4. Rafael Advanced Defense Systems
5. Raytheon Co.

Interceptor Missiles Market by Technology

• THAAD
• PAC-3
• SM-3
• HQ-19
• Iron dome
• FD-2000
• Patriot GEM-T
• Aegis ashore
• Aster

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Interceptor missiles of up to 125 kms range are anticipated to dominate the interceptor missiles market, generating a demand of over 2,000 units till 2024. Continuously increasing penetration of missiles conforming to this range such as PAC-3, Iron Dome, and SM-3, from MEA including UAE, Israel, and Saudi Arabia will primarily support the industry dominance.

PAC-3 is expected to account for highest interceptor missile market share crossing USD 6 billion over the coming years. Proliferating demand of these missiles, especially in developed countries will primarily support the revenue generation. For instance, in January 2013, the U.S. army entered into several contracts worth USD 755 million for purchasing 168 PAC-3 missiles and associated services and equipment. HQ-19 will exhibit over 40% CAGR till 2024 owing to its continuously rising usage as an upgradation of HQ-9. Its enhanced features as compared to its counterparts will further support the industry growth till 2024.

MEA interceptor missiles market will showcase dominance over the next eight years owing to rising threat of enemy attacks across the region. Collaborations of various countries with industry players for purchasing of these missiles will further contribute towards the high revenue generation. For instance, UAE and Qatar are anticipated to enter an agreement with Lockheed Martin for supplying patriot missiles. Europe will witness over 7% CAGR till 2024 owing to rising sales of interceptor missiles from countries including Sweden and Poland.

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Lockheed Martin Corp., Boeing Co., Raytheon Co., Aerojet Rocketdyne, and Rafael Advanced Defense Systems are among the major industry players.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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