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Missile Guidance System Market Top Key Players - The Boeing Company, General Dynamics, DRDO, Thales group, Luna Innovation Inc., Lockheed Martin Corporation, BAE Systems, Almaz –Antey

08-12-2021 01:49 PM CET | Industry, Real Estate & Construction

Press release from: Mobility Foresights

Missile Guidance System Market Top Key Players - The Boeing

The Global Missile Guidance system market is estimated to be $ XX billion in 2020 and expected to grow at a CAGR of XX% by the year 2026. The sudden increase in demand after a lockdown can be seen because a lot of countries have started testing their developed prototype.

Defense budget government spending is the most important factor in finding current market scenarios. Countries such as Russia, India, the United States, the United Kingdom and China have the greatest impact on the market due to their huge military spending budgets. Now the era of hypersonic missile systems has allowed developing countries to spend more on technology and research, equipped with them and able to compete with world leaders.

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• The continuing need for better missile technology and competition between developed and developing countries to improve territorial security and take swift action against enemies has led to a leap forward in research and development of defense equipment (including missiles).

• Currently, various countries are testing the range, ballistic capability, and fast response speed of missiles developed by them. Some countries are signing memorandums of understanding for the joint development of better technologies.

• Recently, countries such as India, Russia, the United States, China and Israel have conducted surface-to-ground, surface-to-air and air-to-air tests of recently developed missiles. Shows interest in the country's technological development. This means that the market for missile guidance systems will also continue to expand in the future.


By Launch Platform
• Air – to – Air
• Air – to – Surface
• Surface – to – Air
• Anti – Ship
• Anti – Tank

By Type of Guidance System
• Command Guidance System
• Beam rider guidance system
• Homing guidance system
• Inertial guidance system

By End User
• Ground Vehicles
• Combat Aircrafts
• Ships
• Submarines
• UAVs

By Application
• Conventional Guided Missile
• Cruise Missile
• Ballistic Missile


Since the development, research and development, and manufacturing of missiles are highly focused and precise operations, when COVID struck the world in a surprisingly short period of time, company personnel, raw materials, testing phases and other activities were halted. . All activity is stopped, people are forced to stay at home, work is stopped, and this market has also slumped.

The Multinational giant was also hit by market demand, inventory and suppliers. After the lockdown was lifted, each country's main priority was to help people get out of the situation, and somehow it also affected their budgets. Office work has not started in Furupes, production in some countries was still on hiatus.


• The Boeing Company
• General Dynamics
• Thales group
• Luna Innovation Inc.
• Lockheed Martin Corporation
• BAE Systems
• Almaz –Antey
• Leonardo S.p.A
• Airbus
• Northrop Grumman Corporation
• Honeywell
• JSC Tactical Missiles Corporation
• Mitsubishi Heavy Industries Ltd.
• Naval Group
• Elbit Systems
• Dassault Aviation SA
• Rafael Advanced Defense Systems Ltd.
• Rockwell Collins
• Israel Aerospace Industries
• Kongsberg Gruppen ASA
• MBDA Holdings SAS

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Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

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