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Missile Interceptor

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Missile Interceptor Market Research Report Information by Launch Mode (Surface to Air and Surface to Surface), Type (Endoatmospheric and Exoatmospheric), Range (Up to 125 Kms, 125 to 200 Kms, Above 200 Kms), and Region – Global Forecast till 2023
Missile Interceptor Market Research Report
By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Missile Interceptor Market Research Report - Forecast to 2023
Missile Interceptor Market Research Report Information by Launch Mode (Surface to Air and Surface to
Surface), Type (Endoatmospheric and Exoatmospheric), Range (Up to 125 Kms, 125 to 200 Kms, Above 200
Kms), and Region – Global Forecast till 2023
The missile interceptor is an anti-missile designed to counter missiles, such as intermediate range and intercontinental
ballistic missiles, launched from any country. With the rise in the number of border threats, national security concerns, and
changing nature of warfare, countries such as Russia and the U.S. are inclined towards enhancing their missile arsenal. They
are also modernizing their old missiles with new propulsion systems and warheads, among other upgrades. As a result,
higher investments are being made in the development of missile interceptors, which would witness a rapid growth during
the forecast period. However, major restraints of the market growth include high manufacturing cost and defense budget
constraints.
Increasing investments in missile interceptors will offer new growth opportunities to the market players. The factors
responsible for the growth of the missile interceptor market are the increase in number of cross-border threats and
increasing military expenses. Meanwhile, countries such as North Korea, have joined the arms race and are consistently
focusing on developing new and more destructive Intercontinental Ballistic Missile (ICBMs). Countries in the Middle East,
such as Iran, are supposedly developing ICBM despite nuclear sanctions.
There were a number of contracts that fueled the market growth. For instance, in 2018, Lockheed Martin signed an
agreement with the U.S. Missile Defense Agency to build anti-ballistic missile interceptors for missile defense. In the same
year, Boeing signed a contract with the U.S. Pentagon to build a network of missile interceptors as threats from North Korea
had increased. Raytheon, in 2017, in collaboration with the U.S. Navy, had launched the SM-3 Block IIA missile to test the
nosecone performance and steering control section functioning.
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Missile Interceptor Market Research Report - Forecast to 2023
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Missile Interceptor Market Research Report - Forecast to 2023
The missile interceptor market has been segmented into launch mode, type, range, and region. Based on launch mode, it is
expected that the surface to air segment is expected to witness the largest demand in the global market, during the forecast
period, due to high usage and easy deployment of missiles on the ground. Based on type, exoatmospheric missiles are
widely used and expected to comprise the largest share in the market due to rising demand for these missiles in emerging
economies. For instance, in 2017, Defense Research Development Organization (DRDO), is a research and development
organization of the Republic of India, had test fired indigenously designed and built Ashvin Advanced Defense interceptor
missile to destroy incoming ballistic missiles. Based on range, up to 125 km are widely used and expected to comprise the
largest share of the market due to the high demand for missiles, such as Iron Dome, Standard Missile 3 (SM-3), and Patriot
Advanced Capability-3 (PAC-3). In 2014, Raytheon Company signed an agreement with Rafael Advanced Defense Systems
Ltd to provide Iron Dome interceptor by protecting Israel’s population from incoming rockets.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin
America. Europe is expected to grow at the fastest pace during the forecast period, due to high adoption of interceptor
missiles across the region, such as Sweden and Romania. For instance, Lockheed Martin signed an agreement with Romania
to provide Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles and related support
equipment to upgrade the defense system. Asia Pacific would follow Europe in the global market in terms of growth rate
due to the high deployment of these missiles owing to rising cross-border threats. Thus, the missile interceptor market is
estimated to witness rapid growth, at a CAGR of approximately 8%, from 2018 to 2023.
The report for Missile Interceptor Market of Market Research Future comprises extensive primary research along with the
detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the
deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which
includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic
and governing factors in the market. The report provides details information and strategies of the top key players in the
industry. The report also gives a broad study of the different market segments and regions.
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Missile Interceptor Market Research Report - Forecast to 2023
Key Players
The key players in the 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), and Northrop Grumman
Corporation (U.S.).
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Author
Monica Nerkar
Monica Nerkar384   documents Email
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