Global Surge In Missile Defense Demands Propels Growth In Missile Seekers Market: A Significant Driver Propelling The Missile Seekers Market In 2025

The Missile Seekers Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Missile Seekers Market Size and Projected Growth Rate?
The market for missile seekers has seen robust growth in recent times. The market's value is expected to increase from $5.23 billion in 2024 to $5.62 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. Factors such as military modernization initiatives, regional security issues, export possibilities, escalation in asymmetric warfare, counter-air, and anti-ship operations, and counter-ballistic missile systems have contributed to the growth witnessed in the historic period.

Expectations are running high for the missile seekers market size to experience robust growth in the coming years. The market is forecast to magnify to a whopping $7.48 billion by 2029, earning a compound annual growth rate (CAGR) of 7.4%. This predicted growth during the forecast period is primarily due to factors such as the advent of hypersonic missiles, a greater emphasis on electronic warfare, utilization on unmanned platforms, a concentrated approach towards anti-ship missile seekers, and the global expansion of missile defense systems. Simultaneously, the forecast period will also witness major trends such as enhancements in sensor technologies, extended integration of artificial intelligence (AI), reduction in size and weight, multi-spectral imaging capacities, evolution of the hypersonic missile seeker, and its integration with network-centric warfare systems.

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What Are the Major Segments in the Missile Seekers Market?
The missile seekers market covered in this report is segmented -

1) By Missile Type: Cruise Missile, Ballistic Missile, Interceptor Missile, Conventional
2) By Technology: Active Radar, Semi-Active Radar, Passive Radar, Infrared, laser, multimode
3) By Launch Mode: Surface-To-Surface, Surface-To-Air, Air-To-Surface, Air-To-Air

Subsegments:
1) By Cruise Missile: Subsonic Cruise Missiles, Supersonic Cruise Missiles, Hypersonic Cruise Missiles
2) By Ballistic Missile: Short-Range Ballistic Missiles (SRBM), Medium-Range Ballistic Missiles (MRBM), Intercontinental Ballistic Missiles (ICBM)
3) By Interceptor Missile: Ground-Based Interceptors, Sea-Based Interceptors, Airborne Interceptors
4) By Conventional: Surface-To-Surface Missiles, Air-To-Surface Missiles, Surface-To-Air Missiles

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What Are The Driving Missile Seekers Market Evolution?
The global missile seekers market is expected to be fueled by an increasing need for missile defense systems. As global tensions escalate, nations are investing in missile defense systems to protect their regions from possible aerial assaults. Missile seekers, crucial components of these defense systems, accurately target and neutralize incoming missiles or aircraft. For example, as announced in July 2024 by Raytheon Company, an American defense contractor, the production of its AIM-9X missile has accelerated to 1,400 units annually, with plans to boost it to 2,500 units per year by Lot 25 in 2025. Furthermore, Lockheed Martin Corporation, an American defense and aerospace manufacturer, upped its HIMARS production in February 2024 from 48 to 60 units yearly, aiming to reach 96 units annually by the close of 2024. Hence, the growing need for missile defense systems is catalyzing the advancement of the missile seekers market.

Which Firms Dominate The Missile Seekers Market Segments?
Major companies operating in the missile seekers market are 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., Lockheed Martin Corporation, L3Harris Technologies Inc., Honeywell International Inc., Collins Aerospace Systems, Israel Aerospace Industries Ltd., Roxel Group, Rheinmetall AG, Saab AB, MBDA Italia SpA, Roketsan A.S., Taurus Systems GmbH, QinetiQ Group PLC, Aerojet Rocketdyne Holdings Inc., Orbital ATK Inc., AeroVironment Inc., Textron Inc., General Dynamics Corporation, Kratos Defense & Security Solutions Inc., LIG Nex1 Co. Ltd., Hanwha Corporation, Mitsubishi Electric Corporation

What Trends Are Expected to Dominate the Missile Seekers Market in the Next 5 Years?
The missile seekers market is experiencing a surge in technological innovation, which is emerging as a major trend. To enhance the targeting precision of missiles, prominent companies and defense bodies within this market are developing new seeker technologies. These innovations help these entities maintain a competitive advantage in the market. For instance, Kongsberg Gruppen, an aerospace firm based in Norway, was awarded a $141 million contract in June 2024 by the U.S. Air Force for the full-rate manufacturing of the Joint Strike Missile (JSM). This initiative marks the first-ever production order of the air-launched JSM, tailor-made for the F-35 fighter aircraft and optimized for ground-assault missions. The JSM, conceived as a variation of the Naval Strike Missile (NSM), offers superior features such as an infrared seeker, GPS, inertial sensors, and terrain-reference navigation. It surpasses the NSM in terms of range and is engineered to fit the F-35's internal weapons bay. The contract encompasses JSM all-up rounds, containers, and testing equipment.

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Which Is The Largest Region In The Missile Seekers Market?
North America was the largest region in the missile seekers market in 2024. The regions covered in the missile seekers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Missile Seekers Market?
2. What is the CAGR expected in the Missile Seekers Market?
3. What Are the Key Innovations Transforming the Missile Seekers Industry?
4. Which Region Is Leading the Missile Seekers Market?

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