Missile Defense System Market on Path to Hit $49.75 Billion by 2029 at 9.5% CAGR

Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.

Missile Defense System Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size for missile defense systems has seen a swift expansion in recent times. It is forecasted to surge from $31.13 billion in 2024 to $34.56 billion in 2025, representing a compound annual growth rate (CAGR) of 11.0%. Factors such as government expenditure & defense allocations, the threat of terrorism and irregular hazards, treaties and agreements, the strategic defense initiative (SDI), and the influence of the space race have contributed to its growth during the historic period.

What Is the Expected CAGR for the Missile Defense System Market Growth Through 2029?
The market size of the missile defense system is predicted to experience robust expansion in the upcoming years. It will escalate to $49.75 billion by 2029, with a compound annual growth rate (CAGR) of 9.5%. The anticipated growth can be a result of various factors such as the influence of arms control agreements, geopolitical instability, burgeoning threats, military modernization schemes, and space-oriented defense systems. Key trends during this forecast period comprise threats from intercontinental ballistic missiles (ICBM), the progression of hypersonic weapons, potential risks from drones and UAVs, advancements in directed energy weapons, along with the incorporation of artificial intelligence.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/missile-defense-system-global-market-report

What Are the Primary Drivers Behind Missile Defense System Market Growth?
The global increase in defense budgets is predicted to fuel the expansion of the missile defense system market in the ensuing period. The rise in defense funding enables the deployment of costly but essential missile defense system technologies. Global progress in weaponry and offensive capabilities has led to a demand for defense technologies installation by governments to counteract threats from overseas. For instance, in April 2023, the Stockholm International Peace Research Institute, an independent global institute from Sweden that focuses on conflict, weaponry, arms regulation, and disarmament research, reported that overall global defense spending rose by 3.7% in real terms in 2022, reaching a record high of $2,240 billion. In 2022, Russian defense expenses are expected to grow by 9.2%, or $86.4 billion. Furthermore, the total defense spending in Asia and Oceania amounted to $575 billion, marking a rise of 2.7% from 2021. Hence, global increases in defense spending facilitated the expansion of the missile defense system market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6672&type=smp

What Are the Key Segments Driving Missile Defense System Market Growth?
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

What Are the Technological Trends Impacting the Missile Defense System Market?
Major corporations in the missile defense system market are concentrating on the creation of advanced goods such as self-defense systems in an effort to boost protection against increasing threats. Self-defense systems are innovative technologies designed to autonomously detect, track, and counteract impending threats, providing a critical barrier of defense against potential attacks. As an example, BAE Systems, a UK-based aerospace organization, declared in July 2023, the Next Generation Evolved SeaSparrow Missile Launch System (NGELS) for the US Navy. This system, which will employ the Evolved SeaSparrow Missile (ESSM), is engineered to improve naval air defense abilities in the face of contemporary threats. The NGELS is planned to be a stationary-angle launcher, incorporating tested technology from the Mk 41 Vertical Launching System, compatible with a variety of surface-to-air and surface-to-surface defense maneuvers.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=6672&type=smp

Who Are the Major Competitors in the Global Missile Defense System Market?
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

Which Region Dominates the Missile Defense System Market Share in 2025?
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.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow 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

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.