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Rapid Growth Forecasted in Global Missile Defense System Market: Detailed Insight into Drivers, Key Players and Trending Movements
Missile Defense System Market Outlook
What Is The Projected Market Size Of The Global Missile Defense System Market And Its Growth Rate?
• The missile defense system market size has grown rapidly from $31.13 billion in 2024 to $34.68 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.4%.
• This growth was largely due to government spending, defense budgets, terrorism and asymmetric threats, strategic defense initiatives, and the influence of the space race.
• The market size is anticipated to grow to $50.28 billion in 2029, with a CAGR of 9.7%.
• The growth drivers for this period include impacts of arms control agreements, geopolitical instability, emerging threats, military modernization programs, and space-based defense systems.
What Is Driving The Growth In The Missile Defense System Market?
The global surge in defense expenditure is projected to fuel the growth of the missile defense system market. As governments worldwide continue to invest in expensive yet necessary missile defense technologies, the market is set to expand. Global military expenditure increased by 3.7% in 2022 to a record high of $2,240 billion, exemplifying this trend. Given the advanced weapons and attacking capabilities developing worldwide, there is increasing demand for defense technologies to prevent threats from foreign countries.
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Who Are the Key Players Driving Missile Defense System Market Growth?
Notable companies in the missile defense system market include:
• The Boeing Company
• Lockheed Martin Corporation
• China Aerospace Science and Technology Corporation (CASC)
• General Dynamics Corporation
• Honeywell International Inc.
• BAE Systems plc
• NEC Corporation
• Safran S.A.
• Thales Group
• L3Harris Technologies Inc.
• Leonardo S.p.A.
• Leidos Holdings Inc.
• Raytheon Intelligence & Space - a business segment of Raytheon Technologies Corporation
• Textron Systems Corporation
• Northrop Grumman Corporation - Mission Systems Sector
• Rheinmetall AG
• Elbit Systems Ltd.
• Israel Aerospace Industries Ltd.
• Israel Military Industries Ltd. (IMI)
• MBDA France
• Diehl Defence GmbH & Co KG
• Kongsberg Gruppen ASA
• Rafael Advanced Defense Systems Ltd.
• DRS Technologies Inc.
• Hanwha Defense Systems Co Ltd.
• LIG Nex1 Co Ltd.
• CEA Technologies SAS
What Are The Key Trends In The Missile Defense System Market?
Key trends in the missile defense system market include:
• The threat of intercontinental ballistic missile (ICBM)
• The development of hypersonic weapons
• The emergence of drone and UAV threats
• Advancements in directed energy weapons
• The integration of artificial intelligence
What Are The Segments Of The Global Missile Defense System Market?
The global missile defense system market is segmented into:
• By Technology: Fire Control System, Weapon System, Countermeasure System, Command And Control System
• By Domain: Ground, Air, Marine, Space
• By Range: Short, Medium, Long
• By Threat Type: Subsonic Missiles, Supersonic Missiles, Hypersonic Missiles
Which Region Leads The Missile Defense System Market?
North America was the largest market for missile defense systems in 2024 and is expected to continue to lead the market into the foreseeable future.
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What Is Covered In The Missile Defense System Market Global Market Report?
- Market Size Analysis: Analyze the Missile Defense System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Missile Defense System Market for effective categorization.
- Key Player Focus: 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 Defense System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Missile Defense System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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