Market Size of Missile Defense System Industry : $26.16 Billion in 2020, Projected to Reach $40.04 Billion by 2030, CAGR of 4.4% (2020-2030)

According to a recent report published by Allied Market Research, titled, "Missile Defense System Market Size, Share, Competitive Landscape and Trend Analysis Report by Range, Threat Type and Domain : Global Opportunity Analysis and Industry Forecast, 2021-2030".

𝐌𝐢𝐬𝐬𝐢𝐥𝐞 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 𝟐𝟎𝟐𝟏-𝟐𝟎𝟑𝟎 :

The global missile defense system market was valued at $26.16 billion in 2020, and is projected to reach $40.04 billion in 2030, registering a CAGR of 4.4%.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/11664

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

BAE Systems plc
Leonardo Spa
General Dynamics Corporation
MBDA
Lockheed Martin Corporation
Raytheon Technologies Corporation
Northrop Grumman Corporation
Thales Group
Rheinmetall AG
The Boeing Company

North America dominates the market, in terms of revenue, followed by Asia-Pacific, Europe, and LAMEA. The U.S. dominated the global missile defense system market share in North America in 2020, owing to increase in R&D activities; technological developments by key players; rapid adoption of innovative technologies in making reliable, precise, and efficient missile defense systems. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of missile defense system along with its huge defense spending and the rise in conflicts across several Asian nations, for instance, China, India, Taiwan, Pakistan, and North Korea.

By range, the missile defense system market is segregated into less than 100 Km, 101-200 Km, and 201-400 Km. The 101-200 Km segment accounted for the highest revenue in 2020, owing to high demand for missile defense systems that can destroy missiles as they enter 200 km of their periphery.

On the basis of threat type, the market is segmented into subsonic missiles, supersonic missiles, and hypersonic missiles. The supersonic missiles segment garnered the highest revenue in 2020, owing to their feature of being integrated with a wide spectrum of platforms such as warships, submarines, different types of aircraft, and others.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/missile-defense-systems-market/purchase-options

Depending on domain, the missile defense system market size is fragmented into ground and marine. The ground segment was the highest revenue contributor in 2020, owing to a majority of the missile defense systems being land-based.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :

The COVID-19 impact on the missile defense system market is unpredictable, and is expected to remain in force for a few years.

The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of raw materials items for most of 2020 & few months in 2021. This led to sudden fall in the availability of important raw materials for manufacturing ground defense equipment.

Moreover, nationwide lockdown forced parts manufacturing facilities to partially or completely shut their operations.

Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of modern missile defense systems globally.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/11664

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

By range, the 201-400 Km segment is expected to register a significant growth during the forecast period.

On the basis of threat type, the hypersonic missiles segment is anticipated to exhibit significant growth in future.

Depending on domain, the marine segment is projected to lead the global missile defense system market.

Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐏𝐚𝐫𝐚𝐜𝐡𝐮𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 :
https://www.globenewswire.com/news-release/2022/11/11/2554299/0/en/Military-Parachute-Market-to-Hit-2-0-Billion-by-2031-Says-Allied-Market-Research.html

𝐌𝐚𝐫𝐢𝐭𝐢𝐦𝐞 𝐌𝐢𝐬𝐬𝐢𝐥𝐞 𝐋𝐚𝐮𝐧𝐜𝐡 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.globenewswire.com/news-release/2021/08/18/2282844/0/en/Maritime-Missile-Launch-System-Market-to-Hit-458-7-Million-by-2030-Allied-Market-Research.html

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

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