Global Missile Seekers Market 2023 - Business Opportunities, Industry Growth, Regional Analysis And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Missile Seekers Global Market Report 2023 identifies growing demand for missile defense systems from around the world as the major driver for the Missile Seekers market's growth in the forecast period. Amid the rising tensions around the world, countries are looking to secure their territories from aerial attack with missile defense systems. Missile defense systems make use of missile seekers to accurately hit the target and destroy the incoming missiles or aircraft.

The global missile seekers market size is expected to grow from $4.61 billion in 2022 to $4.96 billion in 2023, at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The missile seekers market size is expected to grow to $6.49 billion in 2027 at a CAGR of 7.0%.

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Major competitors in the Missile Seekers market are BAE Systems plc, Leonardo SpA, Raytheon Technologies Corporation, Northrop Grumman Corporation, The Boeing Company, Safran Group.

A key trend in the Missile Seekers market includes technological advancements. Major companies and defense organizations in the missile seekers market are coming up with new seeker technologies for improving the target accuracy of missiles. Such advancements enable key players to gain a competitive edge in the market. For instance, in July 2021, the India-based Defense Research and Development Organization (DRDO) successfully tested its new generation surface-to-air missile, Akash NG, which was fitted with Radio Frequency Seeker developed at DRDO's facility in Hyderabad, India. The new missile can lock onto any enemy aircraft until it is destroyed.

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The Missile Seekers market is segmented -

• By Missile Type: Cruise Missile, Ballistic Missile, Interceptor Missile, Conventional
• By Technology: Active Radar, Semi-active Radar, Passive Radar, Infrared, laser, multimode
• By Launch Mode: Surface-to-Surface, Surface-to-Air, Air-to-Surface, Air-to-Air
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Missile Seekers market.

The Business Research Company's "Global Missile Seekers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Missile Seekers Market Include:

1. Executive Summary
2. Missile Seekers Market Characteristics
3. Missile Seekers Market Trends And Strategies
4. Missile Seekers Market - Macro Economic Scenario
5. Missile Seekers Market Size And Growth
…………………………….
26. Africa Missile Seekers Market
27. Missile Seekers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Missile Seekers Market
29. Missile Seekers Market Future Outlook and Potential Analysis
30. Appendix

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