Press release
Title: Global Missile Seekers Market: Market Size Insights, Key Growth Drivers and Latest Trends
Missile Seekers Market Trends
What Is The Projected Market Size Of The Global Missile Seekers Market And Its Growth Rate?
•The missile seekers market size experienced strong growth recently, escalating from $5.23 billion in 2024 to $5.62 billion in 2025, accounting for a compound annual growth rate (CAGR) of 7.4%.
•The market's expansion in the historic period can be attributed to factors like military modernization programs, regional security concerns, export opportunities, increase in asymmetric warfare, counter-air and anti-ship operations, and counter-ballistic missile systems.
•It is anticipated that the missile seekers market size will continue this strong growth trend in the years to come, forecasting it to attain $7.48 billion in 2029, maintaining its CAGR of 7.4%.
What Is Driving The Growth In The Missile Seekers Market?
The missile seekers market is propelled by increasing demand for missile defense systems worldwide. As tensions escalate, nations are fortifying their territories from aerial attacks, necessitating missile defense systems, which leverage missile seekers to accurately neutralize incoming threats. In 2024, the Raytheon Company announced their AIM-9X missile production intends to escalate outputs from 1400 units per annum to 2500 units by 2025, reflecting the growing demand for missile defense systems. Similarly, Lockheed Martin Corporation plans to increase its HIMARS production capacity -- growing from 48 units per year to 96 units by the end of 2024 -- further fueling the missile seekers market growth.
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Who Are the Key Players Driving Missile Seekers Market Growth?
• BAE Systems PLC
• Leonardo SpA
• Raytheon Technologies Corporation
• Northrop Grumman Corporation
• The Boeing Company
• Safran SA
• Thales Group
• Diehl Defence GmbH & Co. KG
• Rafael Advanced Defense Systems Limited
• Adani Defence And Aerospace
• Defence Research & Development Organisation
• Koda Technologies Inc.
• Vem Technologies Private Limited
• Analog Devices Inc.
• Bharat Electronics Limited
• Excelitas Technologies Corp.
• Marotta Controls Inc.
What Are The Key Trends In The Missile Seekers Market?
• Advancements in sensor technologies
• Increased integration of artificial intelligence (AI)
• Trend towards miniaturization and weight reduction
• Development of multi-spectral imaging capabilities
• Emergence and development of hypersonic missile seekers
• Integration with network-centric warfare systems
What Are The Segments Of The Global Missile Seekers Market?
• Missile Type: Cruise Missile, Ballistic Missile, Interceptor Missile, Conventional
• Technology: Active Radar, Semi-Active Radar, Passive Radar, Infrared, Laser, Multimode
• Launch Mode: Surface-to-Surface, Surface-to-Air, Air-to-Surface, Air-to-Air
Which Region Leads The Missile Seekers Market?
North America led the global missile seekers market in 2024. Other regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Missile Seekers Market Global Market Report?
- Market Size Analysis: Analyze the Missile Seekers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Missile Seekers Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Missile Seekers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Missile Seekers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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