Anti-Ship Missile Defence System Market to Reach US$ 16.91 Billion by 2028

According to IMARC Group's latest research report, titled "Anti-Ship Missile Defence System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global anti-ship missile defence system market size reached US$ 12.23 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.91 Billion by 2028, exhibiting a growth rate (CAGR) of 5.32% during 2023-2028.

Get Free Sample Copy of Report at - https://www.imarcgroup.com/anti-ship-missile-defence-system-market/requestsample

Anti-Ship Missile Defence System Market Outlook:

An anti-ship missile defence system (ASMD) is a set of strategies and technologies that are designed to detect, track, and defend against incoming anti-ship missiles. It is generally used by navies to protect their ships from missile attacks by hostile forces. The key components of an ASMD system include electronic warfare systems for jamming or disrupting the guidance systems of the missiles, radar systems for detecting incoming missiles, and anti-missile systems, such as point defense systems, which are designed to intercept and destroy incoming missiles. Additionally, it uses powerful radar and sophisticated software to detect incoming missiles and can engage multiple targets simultaneously with its standard missile interceptors.

Browse Full Report With TOC: https://www.imarcgroup.com/anti-ship-missile-defence-system-market

Anti-Ship Missile Defence System Market Trends:

The global market is primarily driven by the widespread product demand from the defense sector. Coupled with the growing incidences of border threats and geopolitical tensions between several countries is providing a boost to the market. Along with this, numerous initiative undertaken by the government and the increasing investments by public and private agencies to upgrade the overall defense infrastructure is creating a positive market outlook. Moreover, continual technological advancements and the emergence of the internet of things (IoT), artificial intelligence (AI) and machine learning are significantly supporting the market on the global level. Other factors, including rapid urbanization and extensive research and development (R&D) activities conducted by key players are also positively influencing the market.

Key Market Segmentation:

Competitive Landscape with Key Players:

• BAE Systems plc
• Lockheed Martin Corporation
• Rafael Advanced Defense Systems Ltd.
• Raytheon Technologies Corporation
• Saab AB

Component Insights:

• Radar
• Missile Interceptor

Launch Platform Insights:

• Air
• Surface
• Submarine

Application Insights:

• Ballistic Missiles Defense
• Conventional Missile Defense

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Contact us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.