Global Missiles and Missile Defense Systems Industry Analysis By Geography

Stratistics MRC's Global Missiles and Missile Defense Systems Market value is expected to reach $30.39 billion growing at a CAGR of 13.39% during 2022-2028.

The defence forces deploy land- and sea-based technologies known as missile defence systems to protect against a range of missiles, such as ballistic and cruise missiles. Due to an increase in hostilities and warlike events around the world, there is an increasing need for missile defence systems have grown at a tremendous rate.

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By geography, North American is projected to hold the largest market share during the forecast period owing to the United States' greatest level of military spending. The nation is making significant investments in the creation and acquisition of new missile and missile defence systems. The nation intends to buy Hellfire missiles, Joint Air-to-Surface Missiles (JASSM), Joint Direct Attack Munitions (JDAM), Long Range Anti-Ship Missiles (LRASM), and Standard Missiles (SM)-6 under the Missiles and Munitions budget, while it plans to buy additional Standard Missile 3 Block IB and IIA missiles and THAAD interceptors under the Missile Defense programmes.

Some of the key players profiled in the Missiles and Missile Defense Systems Market include Israel aerospace industries, Boeing company, Lockheed martin corporation Rafael advanced defense systems ltd., Northrop Grumman corporation, Raytheon technologies corporation, Bae systems, Leonardo S.P.A., Saab Ab, Hanwha defense, Safran, Rheinmetall, MBDA, Aselsan A.S., General Dynamics Corporation, Tactical Missile Corporation, Kongsberg Gruppen ASA, Roketsan Roket Sanayii ve Ticaret AS.

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