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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 Information - Global Forecast till 2025
Missile Interceptor Market
Research Report Information -
Global Forecast till 2025
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Copyright © 2017 Market Research Future.
Missile Interceptor Market Research Report Information - Global Forecast till 2025
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Copyright © 2017 Market Research Future.
Missile Interceptor Market Research Report Information - Global Forecast till 2025
Summary:
The Global Military Interceptor Market is Anticipated to Expand at 8% CAGR from 2019 to 2025 (forecast period).
Market Overview:
Missile interceptors are missile systems designed to counter ballistic missiles and other aerial attacks from
neighboring countries. They are also known as anti-ballistic missiles (ABM). The global military interceptor market
report by Market Research Future (MRFR) contains insights as well as developments conducted by defense experts
and government research organizations.
This is primarily driven by geopolitical tensions and inflated defense budgets of nations. Growing animosity between
nations is expected to expedite the development of missile interceptors. Government support for development of
indigenous systems is likely to lead to influx of capital which can be lucrative for the missile interceptor market.
Furthermore, defense contracts between nations and weapon manufacturers can induce demand in the global market.
Technological advances combined with plans of nations to improve the existing systems can open up new
opportunities.
But high manufacturing costs of these missiles may impede its growth rate.
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Copyright © 2017 Market Research Future.
Missile Interceptor Market Research Report Information - Global Forecast till 2025
Industry Buzz:
Space has been considered as the next frontier with nations considering satellite-based interceptors to counter
ballistic missiles. Similar to plans by Tesla for launching satellites in low orbit for providing access to hi-speed
Internet speeds, the U.S. government is considering space-based interceptors to counter missiles at the boost phase.
In addition, developments are underway for making missiles undetectable by existing radars or shedding parts midcourse for confusing opponents.
Segmentation:
The military interceptor market is segmented by launch mode, type, and range.
By launch mode, the market is segmented into surface to air and surface to surface. The surface to air segment is
predicted to gain maximum market share by 2023 due to easy deployment of these systems on the ground.
Types of missile interceptors include endoatmospheric and exoatmospheric.
By range, the market is categorized into three segments - upto 125 kms, 125 to 200 kms, and above 200 kms. The
upto 125 kms segment is expected to gain a humongous market share owing to the high demand for missiles. This
is exemplified by the high demand for Iron Dome in Israel.
Regional Analysis:
The military interceptor market can widen its scope by looking at the following geographical locations – North
America, Latin America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).
Europe is expected to be the prime contributor of the market due to adoption of missile launching systems in
Sweden and Romania. Agreements between defense system experts and nations can boost market growth. This is
exemplified by the deal between the Romanian government and Lockheed Martin to provide Patriot Advanced
Capability-3 (PAC-3) systems to heighten the defenses of the nation.
The APAC missile interceptor market is predicted to be fruitful due to cross border tensions among nations. Rise in
terrorist activities coupled with the ongoing arms race between nations is expected to boost market demand
exponentially. Furthermore, investments by China and India to enhance their defensive strength can be an active
catalyst for market growth. In 2019, India successfully tested an anti-satellite missile which targeted one of its own
satellites hovering in low orbit. Other than ground-based interceptors, investments in naval missile interceptors are
likely to foster growth as evident by the purchase of ship-based missile interceptor systems by South Korea in
2019.
The MEA region is touted to generate significant revenue owing to nations of Israel, Qatar, and Saudi Arabia.
Defense agreements are expected to be the focal point of the regional market demand. For instance, countries of
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Copyright © 2017 Market Research Future.
Missile Interceptor Market Research Report Information - Global Forecast till 2025
Qatar and United Arab Emirates (UAE) signed a deal with Lockheed Martin for Patriot missile systems. In 2019,
Israel tested an interceptor, Arrow-3, capable of destroying long-range ballistic missiles.
Competitive Dashboard:
Prominent names include Boeing, MBDA, Lockheed Martin Corporation, Raytheon Company, Rafael Advanced
Defense Systems Ltd, Bharat Dynamics Limited, Thales Group, Aerojet Rocketdyne, Northrop Grumman
Corporation, and China Aerospace Science and Technology Corporation.
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Missile Interceptor Market Research Report Information - Global Forecast till 2025
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Savni
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