Advanced Missile Defense System Market - A Global and Regional Analysis

Focus on Application, Component, Platform, Range, Speed Regime, and Country - Analysis and Forecast, 2022-2032

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A quick peek into the report

Market Report Coverage

Advanced Missile Defense System Market
Forecast Period: 2022-2032
CAGR During Forecast Period: 2.18%

Advanced Missile Defense System Market

Base Year

2021

Market Size in 2021

$21.82 Billion

Forecast Period

2022-2032

Value Projection and Estimation by 2032

$27.05 Billion

CAGR During Forecast Period

2.18%

Number of Tables

86

Number of Pages

195

Number of Figures

22

 

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of the company’s coverage, product portfolio, and market penetration.

In 2021, the top segment players leading the market included established players providing advanced missile defense systems, which constituted 90% of the presence in the market. Emerging market participants included start-up entities that accounted for approximately 10% of the presence in the market.

Competitive Synopsis

Advanced Missile Defense System Market

Some of the prominent established names in this market are:

•    BAE Systems plc
•    Bharat Dynamics Ltd.
•    Firehawk Aerospace
•    Hanwha Defense
•    Israel Aerospace Industries Ltd.
•    Lockheed Martin Corporation
•    MBDA
•    Northrop Grumman Corporation
•    Rafael Advanced Defense Systems Ltd.
•    Raytheon Technologies Corporation
•    Saab A.B.
•    Safran S.A.
•    Thales Group
•    The Boeing Company
•    VKO Almaz-Antey

How can this report add value to an organization?

The product segment helps the reader understand the different types of advanced missile defense systems and their potential global

Product/Innovation Strategy: The product segment helps the reader understand the different types of advanced missile defense systems and their potential globally. Moreover, the study provides the reader a detailed understanding of the different advanced missile defense systems based on applications (detection, tracking, and identification, interception, integrated missile defense management), components (sensing, engagement, and command and control), platform (land, air, sea, and space), and range (short range, medium range, and long range), and speed regime (subsonic, supersonic, and hypersonic).

Growth/Marketing Strategy: The advanced missile defense system market has seen major development by key players operating in the market, such as business expansion, contracts, mergers, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been contracts, enabling them to strengthen their positions in the advanced missile defense system market. For instance, in March 2022, Boeing and the U.S. Space Forces' Space Systems completed a successful critical design review of the Protected Tactical SATCOM Protected Tactical SATCOM Prototype (PTS-P). The PTS-P is a prototype satellite on-board processor with jam-resistant capability for secure communications between SATCOM satellites and host vehicles on the ground. The system is scheduled for launch in 2024, and the design review completion signals the next phase of development and testing. The PTS-P's development is part of Boeing's contribution to the USSF's rapid prototyping program for enabling satellite sensing and surveillance systems.

Competitive Strategy: Key players in the global advanced missile defense system market analyzed and profiled in the study involve advanced missile defense system manufacturers that provide hardware, software, integration, and analytics and delivery. Moreover, a detailed competitive benchmarking of the players operating in the global advanced missile defense system market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Industry and Technology Overview

The market was valued at $21.82 billion in 2021, which is expected to grow with a CAGR of 2.18% and reach $27.05 billion by 2032.

Global Advanced Missile Defense System Market Overview

The global advanced missile defense system market was valued at $21.82 billion in 2021, which is expected to grow with a CAGR of 2.18% during the forecast period 2022-2032 and reach $27.05 billion by 2032. The growth in the global advanced missile defense system market is expected to be driven by increasing defense budgets of countries across the globe. According to the Stockholm International Peace Research Institute (SIPRI) report, in 2021, total global military expenditure rose to $2,113 billion, an increase of 0.7% in real terms from 2020. In 2021, the U.S. military expenditure reached an estimated $767.8 billion and accounted for 36.3% of total global military expenditure. With an increase in military spending, the defense spending on missile defense systems is expected to rise.

Market Lifecycle Stage

Over the past few years, there have been significant developments in the field of missile defense system technologies, resulting in growing interest and escalating demand for advanced missile defense systems for different military platforms such as air, land, sea, and space. The advancements in missile defense systems have further led to an increase in defense budgets across the globe. Additionally, the rising cross-border conflicts among various countries are expected to raise the demand for more robust missile defense systems.

A missile defense system is also used against the attack of combat aircraft, helicopters, bombers, UAVs, and stand-off weapons. Missile defense systems are designed to counter the aerial threat for varied distances from short, extended, medium, to long-range threats. As the situation of global tension and instability rises, many emerging countries could increase their defense spending on implementing missile defense systems. Consequently, this situation would provide an opportunity for defense companies to supply air defense capabilities to these nations.

The major driving forces behind the growth of the missile defense systems market are the modernization of missile defense systems, expansion of surveillance radar coverage, and development of modern missile defense systems, including directed energy weapons, counter hypersonic, electromagnetic railguns, and so on. Moreover, the upgradation and development programs of missile defense systems are largely attributed to the increase in demand for missile defense systems and associated investments.

Impact

The advanced missile defense system market is observing rising investment across hypersonic missile capabilities, and this is driving the investments across comparable defensive capabilities. Missile defense spending is on the rise, with advanced missile defense systems gaining prominence globally. Increasing demand for directed energy weapons that are gradually considered economic weapons to deal with other low-altitude threats is propelling market demand for sensing components. With new missiles with supersonic and hypersonic capabilities evolving consequently, the need for advanced sensing components for missile defense systems is also on the rise.

The rise in the number of upgradation and development programs due to an increase in defense budget spending is supporting the enhancement of the engagement component. Increasing threats of intermediate-range missile launches and asymmetric warfare are proliferating the enhancement of the engagement component.

Market Segmentation:

Segmentation 1: by Application
•    Detection, Tracking, and Identification
•    Interception
•    Integrated Missile Defense Management

Based on application, the global advanced missile defense system market is expected to be dominated by the integrated missile defense management segment.

Segmentation 2: by Component
•    Sensing
•    Engagement
•    Command and Control

Based on components, the global advanced missile defense system market is dominated by the command and control segment.

Segmentation 3: by Platform
•    Land 
•    Air
•    Sea
•    Space

Based on platforms, the global advanced missile defense system market is dominated by the land segment. 

Segmentation 4: by Range
•     Short Range 
•     Medium Range
•     Long Range

Segmentation 5: by Speed Regime
•    Subsonic
•    Supersonic
•    Hypersonic

Segmentation 6: by Region
•    North America - U.S.
•    Europe - France, Germany, Russia, Italy, U.K., and Rest-of-Europe
•    Asia-Pacific - China, Japan, India, South Korea, Taiwan, and Rest-of-Asia-Pacific
•    Middle East - Saudi Arabia, U.A.E., Israel, and Iran

Recent Developments in the Global Advanced Missile Defense System Market

•    In April 2022, Hyundai Heavy Industries and Israel Aerospace Industries (IAI) Ltd. entered an agreement to supply the Philippine Navy with radar systems for its new Corvette ships. Under the agreement, IAI will deliver its ALPHA 3D Radar for the Corvette fleet. The radar is a derivative of the earlier MF-STAR and offers 3D long-range air surveillance and tracking of targets up to 400 km. IAI and Hyundai will be involved in the integration of the radar into the Corvettes’ combat management system that Hanwha defense manufactures.
•    In March 2022, Raytheon Missiles & Defense completed a Series A investment in Firehawk Aerospace. The two companies would now collaborate on research and development projects that enable the integration of Firehawk's propulsion technology into future missile systems. Raytheon will identify key projects that evolve Firehawk’s technology for use in defense applications.
•    In March 2022, Lockheed Martin selected Raytheon Technologies to provide the second mission payload aboard its Next-Generation Overhead Persistent Infrared (OPIR) Geosynchronous Earth Orbit missile warning satellite. As part of its contract with the U.S. Space Force (U.S.S.F.) Space Systems Command (SSC), Lockheed will deliver three satellites for early missile warning and hypersonic threats with the launch to GEO orbit by 2025. Raytheon and Northrop Grumman were subcontracted to develop the mission payload designs, and Raytheon was selected again for the second payload aboard the satellites.
•    In February 2022, Northrop Grumman Corporation was awarded a contract by the Space Development Agency (SDA) to manufacture satellites for its Tranche 1 Transport Layer (T1TL) mesh network. The contract, estimated to be $692 million, outlines the delivery of 42 low Earth orbit (LEO) satellites which will constitute a constellation for the T1TL network. The T1TL is being developed by the SDA with the objective of providing low-latency, high-volume data transport to support the U.S. military’s global operations. The satellites will be a part of the JADC2 network, supporting ground and sea-based warfighters with battle management, missile tracking, and target custody.
•    In January 2022, Hanwha Defense signed a $3.5 billion contract with the U.A.E.-based Tawazun for missile defense weapons systems. The company will manufacture Cheongung II KM-SAM for the country’s air missile defense. Hanwha will also provide the missile’s vertical launchers and ammunition resupply vehicles.

Demand - Drivers and Limitations

Following are the drivers for the advanced missile defense system market:

•    Growing Regional Threat Protection
•    Emerging Arms Race around Hypersonic Capabilities
•    Ongoing Armed Conflicts Driving Need for Enhanced Military Deterrence
•    Growing Defense Budget

Following are the challenges for the advanced missile defense system market:

•    Ongoing Defense Modernization Programs Delaying the Progress of Missile Defense Programs
•    Stringent Industry Regulations Related to Arms Transfer

Following are the opportunities for the advanced missile defense system market:

•    Increasing Number of Hypersonic and Supersonic Missiles
•    Rising Adoption of AI In Missile Defense Systems

Analyst Perspective

According to Arunkumar Sampathkumar, Principal Analyst, BIS Research, "The advanced missile defense system market is observing rising investment across hypersonic missile capabilities, and this is driving the investments across comparable missile defensive capabilities. Such efforts are focusing on large volume production of interceptor platforms across hypersonic and supersonic segments. This will create the need for hardware, software, integration, and analytics and control. Evolving integrated missile defense architecture is further supporting the market growth of advanced missile defense systems.”

Table of Contents

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1.1    Industry Outlook
         1.1.1    Advanced Missile Defense System Market: An Overview
         1.1.2    Major Ongoing Advanced Missile Defense Programs
         1.1.3    Missile Defense System Contracts
         1.1.4    Technological Trends
                     1.1.4.1    Counter Hypersonic Weapon System
                     1.1.4.2    Laser-Based Missile Interception System
                     1.1.4.3    Boost Phase Laser-Based Missile Defense System
                     1.1.4.4    Space-Based Sensor Layer
                     1.1.4.5    Space-Based Interceptor Layer
                     1.1.4.6    Hypersonic and Ballistic Tracking Space Sensor (HBTSS)
                     1.1.4.7    Neutral Particle Beam Weapons
         1.1.5    Supply Chain Analysis
         1.1.6    Evolving End-User Requirements
1.2    Business Dynamics
         1.2.1    Business Drivers
                     1.2.1.1    Growing Regional Threat Protection
                     1.2.1.2    Emerging Arms Race around Hypersonic Capabilities
                     1.2.1.3    Ongoing Armed Conflicts Driving Need for Enhanced Military Deterrence
                     1.2.1.4    Growing Defense Budgets
         1.2.2    Business Challenges
                     1.2.2.1    Ongoing Defense Modernization Programs Delaying the Progress of Missile Defense Programs
                     1.2.2.2    Stringent Industry Regulations Related to Arms Transfer
         1.2.3    Business Opportunities
                     1.2.3.1    Increasing Number of Hypersonic and Supersonic Missiles
                     1.2.3.2    Rising Adoption of AI In Missile Defense Systems
1.3    Business Strategies
         1.3.1    Partnerships, Collaborations, and Agreements

2.1    Global Advanced Missile Defense System Market – By Application
         2.1.1    Overview
                     2.1.1.1    Demand Analysis of Advanced Missile Defense System Market (by Application)
         2.1.2    Detection, Tracking, and Identification
         2.1.3    Interception
         2.1.4    Integrated Missile Defense Management

3.1    Global Advanced Missile Defense System Market (by Component)
         3.1.1    Market Overview
                     3.1.1.1    Demand Analysis of Advanced Missile Defense System Market (by Component)
         3.1.2    Sensing
         3.1.3    Engagement
                     3.1.3.1    Interceptor Missiles
         3.1.4    Command and Control
                     3.1.4.1    Demand Analysis of Advanced Missile Defense System Market (by Command and Control)
                     3.1.4.2    Hardware
                     3.1.4.3    Software
         3.1.5    Integration
         3.1.6    Analytics and Delivery (Operations)
3.2    Global Advanced Missile Defense System Market (by Platform)
         3.2.1    Market Overview
                     3.2.1.1    Demand Analysis of Advanced Missile Defense System Market (by Platform)
         3.2.2    Land
         3.2.3    Air
         3.2.4    Sea
         3.2.5    Space
3.3    Global Advanced Missile Defense System Market (by Range)
         3.3.1    Market Overview
         3.3.2    Short Range
         3.3.3    Medium Range
         3.3.4    Long Range
3.4    Global Advanced Missile Defense System Market (by Speed Regime)
         3.4.1    Market Overview
         3.4.2    Subsonic
         3.4.3    Supersonic
         3.4.4    Hypersonic

4.1    Global Advanced Missile Defense System Market (by Region)
4.2    North America
         4.2.1    Market
                     4.2.1.1    Key Manufacturers and Suppliers in North America
         4.2.2    Application
                     4.2.2.1    North America Advanced Missile Defense System Market (by Application)
         4.2.3    Product
                     4.2.3.1    North America Advanced Missile Defense System Market (by Platform)
         4.2.4    North America (by Country)
                     4.2.4.1    U.S.
                                    4.2.4.1.1    Market
                                                      4.2.4.1.1.1    Key Manufacturers and Suppliers in the U.S.
                                    4.2.4.1.2    Application
                                                      4.2.4.1.2.1    U.S. Advanced Missile Defense System Market (by Application)
                                    4.2.4.1.3    Product
                                                      4.2.4.1.3.1    U.S. Advanced Missile Defense System Market (by Platform)
4.3    Europe
         4.3.1    Market
                     4.3.1.1    Key Manufacturers and Suppliers in Europe
         4.3.2    Application
                     4.3.2.1    Europe Advanced Missile Defense System Market (by Application)
         4.3.3    Product
                     4.3.3.1    Europe Advanced Missile Defense System Market (by Platform)
         4.3.4    Europe (by Country)
                     4.3.4.1    U.K.
                                    4.3.4.1.1    Market
                                                      4.3.4.1.1.1    Key Manufacturers and Suppliers in the U.K.
                                    4.3.4.1.2    Application
                                                      4.3.4.1.2.1    U.K. Advanced Missile Defense System Market (by Application)
                                    4.3.4.1.3    Product
                                                      4.3.4.1.3.1    U.K. Advanced Missile Defense System Market (by Platform)
                     4.3.4.2    Germany
                                    4.3.4.2.1    Market
                                    4.3.4.2.2    Key Manufacturers and Suppliers in Germany
                                    4.3.4.2.3    Application
                                                      4.3.4.2.3.1    Germany Advanced Missile Defense System Market (by Application)
                                    4.3.4.2.4    Product
                                                      4.3.4.2.4.1    Germany Advanced Missile Defense System Market (by Platform)
                     4.3.4.3    France
                                    4.3.4.3.1    Market
                                                      4.3.4.3.1.1    Key Manufacturers and Suppliers in France
                                    4.3.4.3.2    Application
                                                      4.3.4.3.2.1    France Advanced Missile Defense System Market (by Application)
                                    4.3.4.3.3    Product
                                                      4.3.4.3.3.1    France Advanced Missile Defense System Market (by Platform)
                     4.3.4.4    Italy
                                    4.3.4.4.1    Market
                                                      4.3.4.4.1.1    Key Manufacturers and Suppliers in Italy
                                    4.3.4.4.2    Application
                                                      4.3.4.4.2.1    Italy Advanced Missile Defense System Market (by Application)
                                    4.3.4.4.3    Product
                                                      4.3.4.4.3.1    Italy Advanced Missile Defense System Market (by Platform)
                     4.3.4.5    Russia
                                    4.3.4.5.1    Market
                                                      4.3.4.5.1.1    Key Manufacturers and Suppliers in Russia
                                    4.3.4.5.2    Application
                                                      4.3.4.5.2.1    Russia Advanced Missile Defense System Market (by Application)
                                    4.3.4.5.3    Product
                                                      4.3.4.5.3.1    Russia Advanced Missile Defense System Market (by Platform)
                     4.3.4.6    Rest-of-Europe
                                    4.3.4.6.1    Market
4.4    Asia-Pacific
         4.4.1    Market
                     4.4.1.1    Key Manufacturers and Suppliers in Asia-Pacific
         4.4.2    Application
                     4.4.2.1    Asia Pacific Advanced Missile Defense System Market (by Application)
         4.4.3    Product
                     4.4.3.1    Asia Pacific Advanced Missile Defense System Market (by Platform)
         4.4.4    Asia-Pacific (by Country)
                     4.4.4.1    China
                                    4.4.4.1.1    Market
                                                      4.4.4.1.1.1    Key Manufacturers and Suppliers in China
                                    4.4.4.1.2    Application
                                                      4.4.4.1.2.1    China Advanced Missile Defense System Market (by Application)
                                    4.4.4.1.3    Product
                                                      4.4.4.1.3.1    China Advanced Missile Defense System Market (by Platform)
                     4.4.4.2    India
                                    4.4.4.2.1    Market
                                                      4.4.4.2.1.1    Key Manufacturers and Suppliers in India
                                    4.4.4.2.2    Application
                                                      4.4.4.2.2.1    India Advanced Missile Defense System Market (by Application)
                                                      4.4.4.2.2.2    India Advanced Missile Defense System Market (by Platform)
                     4.4.4.3    Japan
                                    4.4.4.3.1    Market
                                                      4.4.4.3.1.1    Key Manufacturers and Suppliers in Japan
                                    4.4.4.3.2    Application
                                                     4.4.4.3.2.1    Japan Advanced Missile Defense System Market (by Application)
                                                     4.4.4.3.2.2    Japan Advanced Missile Defense System Market (by Platform)
                     4.4.4.4    South Korea
                                    4.4.4.4.1    Market
                                                      4.4.4.4.1.1    Key Manufacturers and Suppliers in South Korea
                                    4.4.4.4.2    Application
                                                      4.4.4.4.2.1    South Korea Advanced Missile Defense System Market (by Application)
                                                      4.4.4.4.2.2    South Korea Advanced Missile Defense System Market (by Platform)
                     4.4.4.5    Taiwan
                                    4.4.4.5.1    Market
                                                      4.4.4.5.1.1    Key Manufacturers and Suppliers in Taiwan
                                    4.4.4.5.2    Application
                                                      4.4.4.5.2.1    Taiwan Advanced Missile Defense System Market (by Application)
                                    4.4.4.5.3    Product
                                                      4.4.4.5.3.1    Taiwan Advanced Missile Defense System Market (by Platform)
                     4.4.4.6    Rest-of-Asia-Pacific
                                    4.4.4.6.1    Market
4.5    Middle East
         4.5.1    Market
         4.5.2    Application
                     4.5.2.1    Middle East Advanced Missile Defense System Market (by Application)
         4.5.3    Product
                     4.5.3.1    Middle East Advanced Missile Defense System Market (by Platform)
                     4.5.3.2    Israel
                                    4.5.3.2.1    Market
                                    4.5.3.2.2    Application
                                                      4.5.3.2.2.1    Israel Advanced Missile Defense System Market (by Application)
                                                      4.5.3.2.2.2    Israel Advanced Missile Defense System Market (by Platform)
                     4.5.3.3    Iran
                                    4.5.3.3.1    Market
                                    4.5.3.3.2    Application
                                                      4.5.3.3.2.1    Iran Advanced Missile Defense System Market (by Application)
                                                      4.5.3.3.2.2    Iran Advanced Missile Defense System Market (by Platform)
                     4.5.3.4    Saudi Arabia
                                    4.5.3.4.1    Market
                                    4.5.3.4.2    Application
                                                      4.5.3.4.2.1    Saudi Arabia Advanced Missile Defense System Market (by Application)
                                                      4.5.3.4.2.2    Saudi Arabia Advanced Missile Defense System Market (by Platform)
                     4.5.3.5    United Arab Emirates (U.A.E.)
                                    4.5.3.5.1    Market
                                    4.5.3.5.2    Application
                                                      4.5.3.5.2.1    U.A.E. Advanced Missile Defense System Market (by Application)
                                                      4.5.3.5.2.2    U.A.E. Advanced Missile Defense System Market (by Platform)

5.1    Competitive Benchmarking
5.2    Key Market Players
         5.2.1    BAE Systems plc
                     5.2.1.1    Company Overview
                                    5.2.1.1.1    Role of BAE Systems plc in the Global Advanced Missile Defense System Market
                                    5.2.1.1.2    Product Portfolio
                     5.2.1.2    Corporate Strategies
                                    5.2.1.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.1.3    Business Strategies
                                    5.2.1.3.1    Research Outputs, Developments, and Product Launches
                     5.2.1.4    R&D Analysis
                     5.2.1.5    Analyst’s View
         5.2.2    Bharat Dynamics Ltd.
                     5.2.2.1    Company Overview
                                    5.2.2.1.1    Role of Bharat Dynamics Ltd. in the Global Advanced Missile Defense System Market
                                    5.2.2.1.2    Product Portfolio
                     5.2.2.2    Corporate Strategies
                                    5.2.2.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.2.3    Business Strategies
                                    5.2.2.3.1    Research Outputs, Developments, and Product Launches
                     5.2.2.4    Analyst’s View
         5.2.3    Firehawk Aerospace
                     5.2.3.1    Company Overview
                                    5.2.3.1.1    Role of Firehawk Aerospace in the Global Advanced Missile Defense System Market
                                    5.2.3.1.2    Product Portfolio
                     5.2.3.2    Corporate Strategies
                                    5.2.3.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.3.3    Analyst’s View
         5.2.4    Hanwha Defense
                     5.2.4.1    Company Overview
                                    5.2.4.1.1    Role of Hanwha Defense in the Global Advanced Missile Defense System Market
                                    5.2.4.1.2    Product Portfolio
                     5.2.4.2    Corporate Strategies
                                    5.2.4.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.4.3    Analyst’s View
         5.2.5    Israel Aerospace Industries Ltd.
                     5.2.5.1    Company Overview
                                    5.2.5.1.1    Role of Israel Aerospace Industries Ltd. in the Global Advanced Missile Defense System Market
                                    5.2.5.1.2    Product Portfolio
                     5.2.5.2    Corporate Strategies
                                    5.2.5.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.5.3    Business Strategies
                                    5.2.5.3.1    Research Outputs, Developments, and Product Launches
                     5.2.5.4    R&D Analysis
                     5.2.5.5    Analyst’s View
         5.2.6    Lockheed Martin Corporation
                     5.2.6.1    Company Overview
                                    5.2.6.1.1    Role of Lockheed Martin Corporation in the Global Advanced Missile Defense System Market
                                    5.2.6.1.2    Product Portfolio
                     5.2.6.2    Corporate Strategies
                                    5.2.6.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.6.3    Business Strategies
                                    5.2.6.3.1    Research Outputs, Developments, and Product Launches
                     5.2.6.4    R&D Analysis
                     5.2.6.5    Analyst’s View
         5.2.7    MBDA
                     5.2.7.1    Company Overview
                                    5.2.7.1.1    Role of MBDA in the Global Advanced Missile Defense System Market
                                    5.2.7.1.2    Product Portfolio
                     5.2.7.2    Corporate Strategies
                                    5.2.7.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.7.3    Business Strategies
                                    5.2.7.3.1    Research Outputs, Developments, and Product Launches
                     5.2.7.4    Analyst’s View
         5.2.8    Northrop Grumman Corporation
                     5.2.8.1    Company Overview
                                    5.2.8.1.1    Role of Northrop Grumman Corporation in the Global Advanced Missile Defense System Market
                                    5.2.8.1.2    Product Portfolio
                     5.2.8.2    Corporate Strategies
                                    5.2.8.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.8.3    Business Strategies
                                    5.2.8.3.1    Research Outputs, Developments, and Product Launches
                     5.2.8.4    R&D Analysis
                     5.2.8.5    Analyst’s View
         5.2.9    Rafael Advanced Defense Systems Ltd.
                     5.2.9.1    Company Overview
                                    5.2.9.1.1    Role of Rafael Advanced Defense Systems Ltd. in the Global Advanced Missile Defense System Market
                                    5.2.9.1.2    Product Portfolio
                     5.2.9.2    Corporate Strategies
                                    5.2.9.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.9.3    Business Strategies
                                    5.2.9.3.1    Research Outputs, Developments, and Product Launches
                     5.2.9.4    Analyst’s View
       5.2.10    Raytheon Technologies Corporation
                     5.2.10.1    Company Overview
                                      5.2.10.1.1    Role of Raytheon Technologies Corporation in the Global Advanced Missile Defense System Market
                                      5.2.10.1.2    Product Portfolio
                     5.2.10.2    Corporate Strategies
                                      5.2.10.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.10.3    Business Strategies
                                      5.2.10.3.1    Research Outputs, Developments, Product Launches
                     5.2.10.4    R&D Analysis
                     5.2.10.5    Analyst’s View
       5.2.11    Saab A.B.
                     5.2.11.1    Company Overview
                                      5.2.11.1.1    Role of Saab A.B. in the Global Advanced Missile Defense System Market
                                      5.2.11.1.2    Product Portfolio
                     5.2.11.2    Corporate Strategies
                                      5.2.11.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.11.3    Business Strategies
                                      5.2.11.3.1    Research Outputs, Developments, and Product Launches
                     5.2.11.4    R&D Analysis
                     5.2.11.5    Analyst’s View
       5.2.12    Safran S.A.
                     5.2.12.1    Company Overview
                                      5.2.12.1.1    Role of Safran S.A. in the Global Advanced Missile Defense System Market
                                      5.2.12.1.2    Product Portfolio
                     5.2.12.2    Corporate Strategies
                                      5.2.12.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.12.3    R&D   Analysis
                     5.2.12.4    Analyst’s View
       5.2.13    Thales Group
                     5.2.13.1    Company Overview
                                      5.2.13.1.1    Role of Thales Group in the Global Advanced Missile Defense System Market
                                      5.2.13.1.2    Product Portfolio
                     5.2.13.2    Corporate Strategies
                                      5.2.13.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.13.3    Analyst’s View
       5.2.14    The Boeing Company
                     5.2.14.1    Company Overview
                                      5.2.14.1.1    Role of The Boeing Company in the Global Advanced Missile Defense System Market
                                      5.2.14.1.2    Product Portfolio
                     5.2.14.2    Corporate Strategies
                                      5.2.14.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.14.3    Business Strategies
                                      5.2.14.3.1    Research Outputs, Developments, and Product Launches
                     5.2.14.4    R&D Analysis
                     5.2.14.5    Analyst’s View
       5.2.15    VKO Almaz-Antey
                     5.2.15.1    Company Overview
                                      5.2.15.1.1    Role of VKO Almaz-Antey in the Global Advanced Missile Defense System Market
                                      5.2.15.1.2    Product Portfolio
                     5.2.15.2    Corporate Strategies
                                      5.2.15.2.1    Partnerships, Collaborations, Agreements, Investments, and Contracts
                     5.2.15.3    Analyst’s View

6.1    Factors for Data Prediction and Modeling

7.1    Growth Opportunity 1: Sensing Component Development for Advanced Missile Defense System Market
         7.1.1    Recommendation
7.2    Growth Opportunity 2: Engagement Component Development for Advanced Missile Defense System Market
         7.2.1    Recommendation
7.3    Growth Opportunity 3: Command and Control Development for Advanced Missile Defense System Market
         7.3.1    Recommendation

Table 1:    Missile Defense System Contracts, January 2020-July 2022
Table 2:    Partnerships, Collaborations, and Agreements, January 2020-July 2022
Table 3:    Global Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 4:    Global Advanced Missile Defense System Market, (by Component), $Million, 2021-2032
Table 5:    Global Advanced Missile Defense System Market (by Command and Control), $Million, 2021-2032
Table 6:    Global Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 7:    Global Advanced Missile Defense System Market (by Region), $Million, 2021-2032
Table 8:    North America Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 9:    North America Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 10:    North America Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 11:    U.S. Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 12:    Europe Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 13:    Europe Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 14:    U.K. Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 15:    U.K. Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 16:    Germany Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 17:    Germany Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 18:    France Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 19:    France Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 20:    Italy Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 21:    Italy Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 22:    Russia Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 23:    Russia Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 24:    Asia Pacific Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 25:    Asia Pacific Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 26:    China Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 27:    China Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 28:    India Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 29:    India Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 30:    Japan Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 31:    Japan Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 32:    South Korea Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 33:    South Korea Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 34:    Taiwan Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 35:    Taiwan Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 36:    Middle East Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 37:    Middle East Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 38:    Israel Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 39:    Israel Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 40:    Iran Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 41:    Iran Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 42:    Saudi Arabia Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 43:    Saudi Arabia Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 44:    U.A.E. Advanced Missile Defense System Market (by Application), $Million, 2021-2032
Table 45:    U.A.E. Advanced Missile Defense System Market (by Platform), $Million, 2021-2032
Table 46:    Benchmarking and Weightage Parameters
Table 47:    BAE Systems plc: Product and Service Portfolio
Table 48:    BAE Systems plc: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 49:    BAE Systems plc: Research Outputs, Developments, and Product Launches
Table 50:    Bharat Dynamics Ltd.: Product and Service Portfolio
Table 51:    Bharat Dynamics Ltd.: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 52:    Bharat Dynamics Ltd.: Research Outputs, Developments, and Product Launches
Table 53:    Firehawk Aerospace: Product and Service Portfolio
Table 54:    Firehawk Aerospace: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 55:    Hanwha Defense: Product and Service Portfolio
Table 56:    Hanwha Defense: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 57:    Israel Aerospace Industries: Product and Service Portfolio
Table 58:    Israel Aerospace Industries: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 59:    Israel Aerospace Industries: Research Outputs, Developments, and Product Launches
Table 60:    Lockheed Martin Corporation: Product and Service Portfolio
Table 61:    Lockheed Martin Corp.: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 62:    Lockheed Martin Corp.: Research Outputs, Developments, and Product Launches
Table 63:    MBDA: Product and Service Portfolio
Table 64:    MBDA: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 65:    MBDA: Research Outputs, Developments, and Product Launches
Table 66:    Northrop Grumman Corporation: Product and Service Portfolio
Table 67:    Northrop Grumman Corporation: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 68:    Northrop Grumman Corporation: Research Outputs, Developments, and Product Launches
Table 69:    Rafael Advanced Defense Systems Ltd.: Product and Service Portfolio
Table 70:    Rafael Advanced Defense Systems Ltd.: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 71:    Rafael Advanced Defense Systems Ltd.: Research Outputs, Developments, and Product Launches
Table 72:    Raytheon Technologies Corporation: Product and Service Portfolio
Table 73:    Raytheon Technologies Corporation: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 74:    Raytheon Technologies Corporation: Research Outputs, Developments, Product Launches
Table 75:    Saab A.B.: Product and Service Portfolio
Table 76:    Saab A.B.: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 77:    Saab A.B.: Research Outputs, Developments, and Product Launches
Table 78:    Safran S.A.: Product and Service Portfolio
Table 79:    Safran S.A.: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 80:    Thales Group: Product and Service Portfolio
Table 81:    Thales Group: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 82:    The Boeing Company: Product and Service Portfolio
Table 83:    The Boeing Company: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions
Table 84:    The Boeing Company: Research Outputs, Developments, and Product Launches
Table 85:    VKO Almaz-Antey: Product and Service Portfolio
Table 86:    VKO Almaz-Antey: Partnerships, Collaborations, Agreements, Investments, and Mergers and Acquisitions

Figure 1:    Global Advanced Missile Defense System Market, $Million, 2021-2032
Figure 2:    Global Advanced Missile Defense System Market (by Component), $Million, 2021 and 2032
Figure 3:    Global Advanced Missile Defense System Market (by Application), $Million, 2021 and 2032
Figure 4:    Global Advanced Missile Defense System Market (by Region), $Million, 2032
Figure 5:    Global Advanced Missile Defense System Market Coverage
Figure 6:    Anatomy of Missile Defense System
Figure 7:    Supply Chain Analysis of Advanced Missile Defense System Market
Figure 8:    Global Advanced Missile Defense System Market, Business Dynamics
Figure 9:    Defense Spending (by Country), 2020 and 2021
Figure 10:    Advanced Missile Defense System Market (by Application)
Figure 11:    Global Advanced Missile Defense System Market Players, Benchmarking Score, 2021
Figure 12:    BAE Systems plc: R&D Analysis, 2019-2021
Figure 13:    Israel Aerospace Industries Ltd.: R&D Analysis, 2019-2021
Figure 14:    Lockheed Martin Corporation: R&D Analysis, 2019-2021
Figure 15:    Northrop Grumman Corporation: R&D Analysis, 2019-2021
Figure 16:    Raytheon Technologies Corporation: R&D Analysis, 2019-2021
Figure 17:    Saab A.B.: R&D Analysis,2019-2021
Figure 18:    Safran S.A.: R&D Analysis, 2019-2021
Figure 19:    The Boeing Company: R&D Analysis, 2019-2021
Figure 20:    Research Methodology
Figure 21:    Top-Down and Bottom-Up Approach
Figure 22:    Assumptions and Limitations

Market Report Coverage

Advanced Missile Defense System Market

Base Year

2021

Market Size in 2021

$21.82 Billion

Forecast Period

2022-2032

Value Projection and Estimation by 2032

$27.05 Billion

CAGR During Forecast Period

2.18%

Number of Tables

86

Number of Pages

195

Number of Figures

22

 

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of the company’s coverage, product portfolio, and market penetration.

In 2021, the top segment players leading the market included established players providing advanced missile defense systems, which constituted 90% of the presence in the market. Emerging market participants included start-up entities that accounted for approximately 10% of the presence in the market.

Competitive Synopsis

Advanced Missile Defense System Market

Some of the prominent established names in this market are:

•    BAE Systems plc
•    Bharat Dynamics Ltd.
•    Firehawk Aerospace
•    Hanwha Defense
•    Israel Aerospace Industries Ltd.
•    Lockheed Martin Corporation
•    MBDA
•    Northrop Grumman Corporation
•    Rafael Advanced Defense Systems Ltd.
•    Raytheon Technologies Corporation
•    Saab A.B.
•    Safran S.A.
•    Thales Group
•    The Boeing Company
•    VKO Almaz-Antey

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of advanced missile defense systems and their potential globally. Moreover, the study provides the reader a detailed understanding of the different advanced missile defense systems based on applications (detection, tracking, and identification, interception, integrated missile defense management), components (sensing, engagement, and command and control), platform (land, air, sea, and space), and range (short range, medium range, and long range), and speed regime (subsonic, supersonic, and hypersonic).

Growth/Marketing Strategy: The advanced missile defense system market has seen major development by key players operating in the market, such as business expansion, contracts, mergers, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been contracts, enabling them to strengthen their positions in the advanced missile defense system market. For instance, in March 2022, Boeing and the U.S. Space Forces' Space Systems completed a successful critical design review of the Protected Tactical SATCOM Protected Tactical SATCOM Prototype (PTS-P). The PTS-P is a prototype satellite on-board processor with jam-resistant capability for secure communications between SATCOM satellites and host vehicles on the ground. The system is scheduled for launch in 2024, and the design review completion signals the next phase of development and testing. The PTS-P's development is part of Boeing's contribution to the USSF's rapid prototyping program for enabling satellite sensing and surveillance systems.

Competitive Strategy: Key players in the global advanced missile defense system market analyzed and profiled in the study involve advanced missile defense system manufacturers that provide hardware, software, integration, and analytics and delivery. Moreover, a detailed competitive benchmarking of the players operating in the global advanced missile defense system market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Industry and Technology Overview

Global Advanced Missile Defense System Market Overview

The global advanced missile defense system market was valued at $21.82 billion in 2021, which is expected to grow with a CAGR of 2.18% during the forecast period 2022-2032 and reach $27.05 billion by 2032. The growth in the global advanced missile defense system market is expected to be driven by increasing defense budgets of countries across the globe. According to the Stockholm International Peace Research Institute (SIPRI) report, in 2021, total global military expenditure rose to $2,113 billion, an increase of 0.7% in real terms from 2020. In 2021, the U.S. military expenditure reached an estimated $767.8 billion and accounted for 36.3% of total global military expenditure. With an increase in military spending, the defense spending on missile defense systems is expected to rise.

Market Lifecycle Stage

Over the past few years, there have been significant developments in the field of missile defense system technologies, resulting in growing interest and escalating demand for advanced missile defense systems for different military platforms such as air, land, sea, and space. The advancements in missile defense systems have further led to an increase in defense budgets across the globe. Additionally, the rising cross-border conflicts among various countries are expected to raise the demand for more robust missile defense systems.

A missile defense system is also used against the attack of combat aircraft, helicopters, bombers, UAVs, and stand-off weapons. Missile defense systems are designed to counter the aerial threat for varied distances from short, extended, medium, to long-range threats. As the situation of global tension and instability rises, many emerging countries could increase their defense spending on implementing missile defense systems. Consequently, this situation would provide an opportunity for defense companies to supply air defense capabilities to these nations.

The major driving forces behind the growth of the missile defense systems market are the modernization of missile defense systems, expansion of surveillance radar coverage, and development of modern missile defense systems, including directed energy weapons, counter hypersonic, electromagnetic railguns, and so on. Moreover, the upgradation and development programs of missile defense systems are largely attributed to the increase in demand for missile defense systems and associated investments.

Impact

The advanced missile defense system market is observing rising investment across hypersonic missile capabilities, and this is driving the investments across comparable defensive capabilities. Missile defense spending is on the rise, with advanced missile defense systems gaining prominence globally. Increasing demand for directed energy weapons that are gradually considered economic weapons to deal with other low-altitude threats is propelling market demand for sensing components. With new missiles with supersonic and hypersonic capabilities evolving consequently, the need for advanced sensing components for missile defense systems is also on the rise.

The rise in the number of upgradation and development programs due to an increase in defense budget spending is supporting the enhancement of the engagement component. Increasing threats of intermediate-range missile launches and asymmetric warfare are proliferating the enhancement of the engagement component.

Market Segmentation:

Segmentation 1: by Application
•    Detection, Tracking, and Identification
•    Interception
•    Integrated Missile Defense Management

Based on application, the global advanced missile defense system market is expected to be dominated by the integrated missile defense management segment.

Segmentation 2: by Component
•    Sensing
•    Engagement
•    Command and Control

Based on components, the global advanced missile defense system market is dominated by the command and control segment.

Segmentation 3: by Platform
•    Land 
•    Air
•    Sea
•    Space

Based on platforms, the global advanced missile defense system market is dominated by the land segment. 

Segmentation 4: by Range
•     Short Range 
•     Medium Range
•     Long Range

Segmentation 5: by Speed Regime
•    Subsonic
•    Supersonic
•    Hypersonic

Segmentation 6: by Region
•    North America - U.S.
•    Europe - France, Germany, Russia, Italy, U.K., and Rest-of-Europe
•    Asia-Pacific - China, Japan, India, South Korea, Taiwan, and Rest-of-Asia-Pacific
•    Middle East - Saudi Arabia, U.A.E., Israel, and Iran

Recent Developments in the Global Advanced Missile Defense System Market

•    In April 2022, Hyundai Heavy Industries and Israel Aerospace Industries (IAI) Ltd. entered an agreement to supply the Philippine Navy with radar systems for its new Corvette ships. Under the agreement, IAI will deliver its ALPHA 3D Radar for the Corvette fleet. The radar is a derivative of the earlier MF-STAR and offers 3D long-range air surveillance and tracking of targets up to 400 km. IAI and Hyundai will be involved in the integration of the radar into the Corvettes’ combat management system that Hanwha defense manufactures.
•    In March 2022, Raytheon Missiles & Defense completed a Series A investment in Firehawk Aerospace. The two companies would now collaborate on research and development projects that enable the integration of Firehawk's propulsion technology into future missile systems. Raytheon will identify key projects that evolve Firehawk’s technology for use in defense applications.
•    In March 2022, Lockheed Martin selected Raytheon Technologies to provide the second mission payload aboard its Next-Generation Overhead Persistent Infrared (OPIR) Geosynchronous Earth Orbit missile warning satellite. As part of its contract with the U.S. Space Force (U.S.S.F.) Space Systems Command (SSC), Lockheed will deliver three satellites for early missile warning and hypersonic threats with the launch to GEO orbit by 2025. Raytheon and Northrop Grumman were subcontracted to develop the mission payload designs, and Raytheon was selected again for the second payload aboard the satellites.
•    In February 2022, Northrop Grumman Corporation was awarded a contract by the Space Development Agency (SDA) to manufacture satellites for its Tranche 1 Transport Layer (T1TL) mesh network. The contract, estimated to be $692 million, outlines the delivery of 42 low Earth orbit (LEO) satellites which will constitute a constellation for the T1TL network. The T1TL is being developed by the SDA with the objective of providing low-latency, high-volume data transport to support the U.S. military’s global operations. The satellites will be a part of the JADC2 network, supporting ground and sea-based warfighters with battle management, missile tracking, and target custody.
•    In January 2022, Hanwha Defense signed a $3.5 billion contract with the U.A.E.-based Tawazun for missile defense weapons systems. The company will manufacture Cheongung II KM-SAM for the country’s air missile defense. Hanwha will also provide the missile’s vertical launchers and ammunition resupply vehicles.

Demand - Drivers and Limitations

Following are the drivers for the advanced missile defense system market:

•    Growing Regional Threat Protection
•    Emerging Arms Race around Hypersonic Capabilities
•    Ongoing Armed Conflicts Driving Need for Enhanced Military Deterrence
•    Growing Defense Budget

Following are the challenges for the advanced missile defense system market:

•    Ongoing Defense Modernization Programs Delaying the Progress of Missile Defense Programs
•    Stringent Industry Regulations Related to Arms Transfer

Following are the opportunities for the advanced missile defense system market:

•    Increasing Number of Hypersonic and Supersonic Missiles
•    Rising Adoption of AI In Missile Defense Systems

Analyst Perspective

According to Arunkumar Sampathkumar, Principal Analyst, BIS Research, "The advanced missile defense system market is observing rising investment across hypersonic missile capabilities, and this is driving the investments across comparable missile defensive capabilities. Such efforts are focusing on large volume production of interceptor platforms across hypersonic and supersonic segments. This will create the need for hardware, software, integration, and analytics and control. Evolving integrated missile defense architecture is further supporting the market growth of advanced missile defense systems.”

FAQ's

What are the advanced missile defense systems?

Advanced missile defense system refers to a system that provides any defense against any missile type (conventional or nuclear) by any country. The mechanism which can detect and then destroy a missile before it can cause any harm is called a missile defense system (MDS).

What are the key trends in the advanced missile defense system market?

The key trends in the advanced missile defense system market include the growing regional threat protection. The improving economic conditions of the emerging economies, as well as the rising cross-border infiltration, terrorism, and geo-political instability, led to the creation of the demand for air defense systems that can safeguard a nation from aerial threats. Many emerging countries, such as India, South Korea, Saudi Arabia, and Turkey, are looking to implement a layered approach to air and missile defense systems to counter aerial threats from hostile nations and terrorist outfits. As the situation of global tension and instability rises, many emerging countries could increase their defense spending on implementing missile defense systems.

What new strategies are being adopted by the existing market players to strengthen their positions in the industry?

The global advanced missile defense system market has seen major development by key players operating in the market, such as business expansions, contracts, partnerships, collaborations, mergers and acquisitions, and joint ventures. According to BIS Research, the majority of the companies preferred collaboration, contracts, and agreements as a strategy to further increase their growth in the global advanced missile defense system market. Some of the key companies are Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Raytheon Technologies Corporation, BAE Systems PLC, and Bharat Dynamics Ltd.

For a new company looking to enter the advanced missile defense system market, which areas could it focus upon to stay ahead of the existing competition?

There is an increasing demand for missile defense with capabilities of detecting, tracking, and identifying hypersonic and supersonic missiles. The growing need for specialized technical expertise and raw material to manufacture sensitive onboard electronics, radar array modules, seeker IR sensors, and proximity fuses to fulfill military standards will help new entrants to penetrate the market.

What is the USP of this report?

The following can be seen as some of the USPs of the report:

· A dedicated section focusing on the futuristic trends adopted by the key players operating in the global advanced missile defense system market
· A dedicated section on growth opportunities and recommendations
· A qualitative and quantitative analysis of advanced missile defense systems at the region and country-level granularity based on end user and subsystem segments

Who should buy this report?

Companies that manufacture components and subsystems of advanced missile defense systems, and also the companies supplying hardware and software for the advanced missile defense system, should buy this report.

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