issile Interceptor Market Revenue, Growth Rate, Industry Trends,...

issile Interceptor Market Revenue, Growth Rate, Industry Trends, Impact Factors 2027

Posted 2022-04-07 09:24:09

2KB

Missile Interceptor market projected to register a CAGR around 8% from 2018 to 2023.

Key Players

The key players in missile interceptor market are Lockheed Martin Corporation (U.S.), Boeing (U.S.), Raytheon Company (U.S.), Aerojet Rocketdyne (U.S.), Rafael Advanced Defense Systems Ltd (Israel), China Aerospace Science and Technology Corporation (China), Bharat Dynamics Limited (India), MBDA (France), Thales Group (France), Northrop Grumman Corporation (U.S.).

Market Highlights:

The missile interceptor is a surface-to-air anti-missile that is designed to counter ballistic missiles launched in low altitude from any country. As the rise in the number of border security concerns, and changing nature of armed conflict, the countries are inclined towards enhancing their missile arsenal. The factors driving the growth of the missile interceptor market include increase in the number of cross-border threats and increasing military expenses. However, there are some shortcomings in the missile interceptor, such as high manufacturing and defense budget constraints. The market for missile interceptors estimated to witness 8% CAGR during the forecast period.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. In Europe, the high adoption rate of missile interceptor across the region such as Sweden and Romania had bolstered the market growth. In Asia Pacific, high deployment of missiles interceptor owing to rising cross-border security threats will be expected to boost their presence in the market. Based on range, up to 125 kms are widely used and expected to comprise the largest share of the market due to the high demand for missiles, such as Iron Dome, SM-3, and PAC-3. Moreover, Raytheon Company signed an agreement with Rafael Advanced Defense Systems Ltd to supply Iron Dome Interceptor to protect Israel’s population from rockets.

The scope of the Report

This study provides an overview of the Missile Interceptor Market share, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Missile Interceptor market by its launch mode, type, range, and region.

By Launch Mode