Rise In Defense Expenditure Fuels Growth In The Missile Defense System Market: Strategic Insights Driving Missile Defense System Market Momentum in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Missile Defense System Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a swift expansion in the size of the missile defense system market. The market, which currently values at $31.13 billion in 2024, is expected to escalate to a value of $34.68 billion in 2025, with a compound annual growth rate (CAGR) of 11.4%. Factors contributing to this growth over the historical period include government expenditure and defense budgets, terrorist activities and uneven threats, treaties and agreements, the strategic defense initiative (SDI), and the influence of the space race.

How Will the Missile Defense System Market Size Evolve and Grow by 2029?
The market size for missile defense systems is predicted to witness substantial growth in the coming years, escalating to $50.28 billion by 2029 with a compound annual growth rate (CAGR) of 9.7%. The growth projected within this period can be associated with the influence of arms control agreements, geopolitical instability, the emergence of new threats, military refinement programs, and defense systems based in space. The upcoming period will also see major trends such as the threats from intercontinental ballistic missiles (ICBM), the advancement of hypersonic weapons, drone and UAV threats, improvements in directed energy weapons, and the integration of artificial intelligence.

View the full report here:
https://www.thebusinessresearchcompany.com/report/missile-defense-system-global-market-report

What Drivers Are Propelling the Growth of Missile Defense System Market Forward?
The global rise in defense expenditure is anticipated to fuel the expansion of the missile defense system market during the predicted period. This increase in defense spending enables the incorporation of costly, yet critical missile defense system technologies. Global advancements in weaponry and assault capabilities have prompted governments to install defense technologies to fend off potential threats from abroad. For example, the Stockholm International Peace Research Institute, a Sweden-based independent global organization specializing in conflict, armament, arms control, and disarmament research, announced in April 2023 that worldwide military expenses had risen by 3.7% in 2022, reaching a record high of $2,240 billion. In 2022, it is expected that Russian military expenditure will rise by 9.2%, totaling $86.4 billion. Additionally, the total military expenses in Asia and Oceania grew by 2.7%, amounting to $575 billion, compared to 2021. Consequently, the worldwide increase in defense spending propelled the growth of the missile defense system market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6672&type=smp

Which Emerging Trends Are Transforming the Missile Defense System Market in 2025?
Key players in the missile defense system market are investing in the development of new and advanced products like self-defense systems, seeking to bolster protection against the ever-changing nature of threats. Self-defense systems are integrated technologies that autonomously detect, track, and intercept incoming threats, offering a vital protective layer against possible attacks. For example, BAE Systems, a prominent UK-based aerospace enterprise, unveiled the Next Generation Evolved SeaSparrow Missile Launch System (NGELS) for the US Navy in July 2023. This system, featuring the Evolved SeaSparrow Missile (ESSM), will boost naval air defense capacities against contemporary threats. The NGELS will incorporate well-tested technology from the Mk 41 Vertical Launching System as a stationary-angle launcher, supporting various surface-to-air and surface-to-surface defense operations.

What Are the Key Segments in the Missile Defense System Market?
The missile defense system market covered in this report is segmented -

1) By Technology: Fire Control System, Weapon System, Countermeasure System, Command And Control System
2) By Domain: Ground, Air, Marine, Space
3) By Range: Short, Medium, Long
4) By Threat Type: Subsonic Missiles, Supersonic Missiles, Hypersonic Missiles

Subsegments:
1) By Fire Control System: Target Acquisition Systems, Tracking Systems, Fire Direction Systems, Guidance and Control Systems
2) By Weapon System: Interceptors, Anti-Aircraft Missiles, Directed Energy Weapons, Kinetic Kill Vehicles
3) By Countermeasure System: Electronic Countermeasures, Decoys, Soft Kill Systems, Hard Kill Systems
4) By Command and Control System: Integrated Command Systems, Data Link Systems, Communication Systems, Decision Support Systems

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6672&type=smp

Who Are the Key Players Shaping the Missile Defense System Market's Competitive Landscape?
Major companies operating 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 Geographic Markets Are Powering Growth in the Missile Defense System Market?
North America was the largest region in the missile defense system market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the missile defense system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6672

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.