Missile Defense System Global Market Report 2022: Featuring BAE Systems, General Dynamics, Lockheed Martin, MBDA & Northrop Grumman – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–Added Missile Defense System Global Market Report 2022 ResearchAndMarkets.com Offer.

The global missile defense systems market is expected to grow from US$22.43 billion in 2021 to US$23.92 billion in 2022 at a compound annual growth rate (CAGR) of 6.66%. The missile defense systems market is expected to reach $31.32 billion in 2026 at a CAGR of 6.97%.

North America was the largest region in the Missile Defense Systems Market in 2021. The regions covered in Missile Defense Systems market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The global increase in defense spending is expected to drive the growth of missile defense systems market over the forecast period. The increase in defense spending is facilitating the implementation of expensive but necessary missile defense system technologies. Advances in weapons and offensive capabilities around the world have created demand for governments to install defense technologies to ward off foreign threats.

For example, according to the Stockholm International Peace Research Institute (SIPRI), total global military spending rose to $1,981 billion in 2020, a 2.6% increase from 2019. The United States is the world’s largest military spender, accounting for 39% of total military spending in 2020. Hence, the global increase in defense spending drove the market.

The increase in developments and increasing use of artificial intelligence is a major trend that is gaining popularity in the missile defense systems market. Artificial intelligence is computer intelligence, or intelligence demonstrated by a machine to perform simple tasks more efficiently, or tasks that could not otherwise be performed. Developments in artificial intelligence are the discovery of knowledge that helps in the development of products using AI or machine learning.

For example, in 2021, Rafael Advanced Defense Systems, an Israel-based company, launched a new long-range maritime and land-based Seabreaker missile that combines artificial intelligence and decision-making algorithms to create a fifth-generation weapon system. The Sea Breaker helps provide accurate shots from distance location up to 300km.

In July 2020, BAE Systems, a UK-based company, acquired Collins Aerospace’s military Global Positioning System (GPS) business for an undisclosed amount. This acquisition is designed to support the technology-based business and bring new discriminatory capabilities to the US Department of Defense. Founded in 2018, Collins Aerospace is a US-based manufacturer of military, defense and commercial aircraft components.

scope

Covered Markets:

1) By technology: fire control system; weapon system; countermeasure system; command and control system

2) By domain: soil; Air; Marine; place

3) By Range: Short; Middle; Long

4) By threat type: subsonic missiles; supersonic missiles; hypersonic missiles

Main topics covered:

1. Summary

2. Characteristics of missile defense systems market

3. Anti-missile defense systems market trends and strategies

4. Effects of COVID-19 on the missile defense system

5. Missile Defense Systems Market Size and Growth

6. Missile Defense Systems Market Segmentation

7. Regional and country analysis of missile defense systems market

8. Asia-Pacific Anti-missile Defense Systems Market

9. Missile Defense Systems Market in China

10. Indian missile defense systems market

11. Japanese missile defense systems market

12. Australian missile defense systems market

13. Indonesian missile defense systems market

14. Missile Defense Systems Market in South Korea

15. Missile defense systems market in Western Europe

16. British missile defense systems market

17. Missile defense systems market in Germany

18. Missile defense systems market in France

19. Anti-missile systems market in Eastern Europe

20. Missile defense systems market in Russia

21. Missile Defense Systems Market in North America

22. Missile defense systems market in USA

23. Missile Defense Systems Market in South America

24. Missile defense systems market in Brazil

25. Middle East Missile Defense Systems Market

26. African missile defense systems market

27. Missile Defense Systems Market Competitive Landscape and Company Profiles

28. Major mergers and acquisitions in the missile defense systems market

29. Anti-missile defense systems market future outlook and potential analysis

30. Appendix

companies mentioned

  • BAE systems

  • General dynamics

  • Lockheed Martin

  • MBDA

  • Northrop Grumman

For more information about this report, visit https://www.researchandmarkets.com/r/ahoyfj



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