Interceptor Missiles Market Size By Surface (Surface to Air, Water to Air), By Range (Short Range, Medium Range, Long Range), By Component (Infrared, Global Positioning System (GPS), Inertial Navigation System (INS), Radar homing, Semi-Active Lasers), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
Interceptor Missiles Market Size By Surface (Surface to Air, Water to Air), By Range (Short Range, Medium Range, Long Range), By Component (Infrared, Global Positioning System (GPS), Inertial Navigation System (INS), Radar homing, Semi-Active Lasers), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026
Interceptor Missiles Market Size By Surface (Surface to Air, Water to Air), By Range (Short Range, Medium Range, Long Range), By Component (Infrared, Global Positioning System (GPS), Inertial Navigation System (INS), Radar homing, Semi-Active Lasers), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026
Interceptor Missiles Market Size
Interceptor Missiles Market size exceeded USD 5 billion in 2019 and is estimated to grow at a CAGR of over 5% between 2020 and 2026. The increasing application of UAVs to conduct air strikes is posing requirements of enhanced interceptor missiles capable of mitigating such threats.
Industry players are significantly investing in R&D to gain technological advancement and provide solution to such existing and future threats. For instance, in November 2019, Lockheed Martin demonstrated two Patriot Advanced Capability-3 (PAC-3) Cost Reduction Initiative interceptors to successfully intercept two incoming targets. The missiles broke their own record to eliminate air breathing target.
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Increasing participation of regional governments to improve their interceptor missile capabilities to secure their global political position will propel the interceptor missiles industry in coming years. For instance, in December 2019, India successfully test-fired two versions of BrahMos missile. It is a medium range supersonic ramjet missile with a strike range of 450 km.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| Interceptor Missiles Market Size in 2019 | USD 5 Billion (2019) |
| Forecast Period | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR | 5.8% |
| 2026 Value Projection | USD 8 Billion (2026) |
| Historical Data for | 2015 to 2019 |
| No. of Pages | 240 |
| Tables, Charts & Figures | 268 |
| Segments covered | By Surface, By Range, Component and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Interceptor Missiles Market Analysis
The medium range interceptor missiles held over 30% market share in 2019 and is expected to witness 5% growth during the forecast period. Increasing demand for intercepting incoming ballistic and intercontinental ballistic missiles is promoting the medium range missile segment growth.
To cater to the rising demand, industry players are undergoing collaborations to provide technologically advanced programs. For instance, in 2017, Raytheon and Rafael Advanced Defense Systems introduced David’s Sling System, a medium range interceptor missile.
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The Inertial Navigation System (INS) component segment captured maximum interceptor missiles market share of over 30% in 2019, followed by the radar homing segment at more than 20% of the total industry share.
INS is a navigation device that maneuvers missiles by calculating their orientation, dead reckoning the position, and velocity of moving objects. INS do not require any external reference for maneuvering, making it the most versatile system. Integration of two navigation systems for enhanced accuracy and precision is among the major market trend.
Technological advancement to improve navigation system of missiles for improving interception capabilities will drive the market demand. For instance, in January 2019, the U.S. Army initiated a conversation with DoD and Pentagon to establish missile defense sensors in space, which will allow to monitor missile launches across the globe.
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Asia Pacific held over 25% of the market revenue share in 2019 supported by increasing efforts of governments to develop indigenous manufacturing capabilities catering to the defense sector. Various government organizations are liquidating significant funds to upscale the existing market. This has resulted in the rise of the interceptor missiles market in Asia Pacific with capabilities demonstrating significant technological advancement.
For instance, in September 2018, India successfully tested a two-layer ballistic missile defense system through Prithvi Defense Vehicle (PDV). The missile was integrated with INS guidance and IR seeker, allowing it to operate precisely in dark.
Prominent players operating in the market are focusing on undergoing strategic partnerships and joint ventures for the enhancement of existing product offerings and expanding their market share.
The established players operating in the industry are focused on developing innovative systems with enhanced features, such as extended range of missile and enhancement in detection capabilities, supporting the market share.
Interceptor Missiles Market Share
Some of the key interceptor missiles industry players include
- Bharat Dynamics Limited
- China Aerospace Science and Technology Corporation
- General Dynamics Corporation
- Hanwha Corporation
- Kongsberg
- L3Harris Corporation
- Rheinmetall AG
- Saab AB Group
- Leonardo S.p.A.
- Lockheed Martin
- MBDA
- Northrop Grumman Corporation
- Rafeal Advanced Defense Systems Ltd
- Aerojet Rocketdyne
- Airbus S.A.S
- Israel Aerospace Industries.
The market research report for interceptor missiles includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments
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Market by Surface
- Surface to air
- Water to air
Market by Range
- Short range
- Medium range
- Long range
Market by Component
- Infrared
- Global Positioning System (GPS)
- Inertial Navigation System (INS)
- Radar Homing
- Semi-Active Lasers
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Europe
- Germany
- Poland
- Russia
- Netherlands
- UK
- France
- Romania
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- MEA
- Saudi Arabia
- Israel
- Turkey
- UAE
- Qatar
- Latin America
- Brazil
- Mexico
Table of Content
Report Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope
1.1.5. Definitions
1.1.6. Methodology & forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Interceptor Missiles industry 360º synopsis, 2015 – 2026
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Surface trends
2.1.4. Range trends
2.1.5. Component trends
Chapter 3. Interceptor Missiles Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2015 – 2026
3.4. Market evolution
3.5. Industry ecosystem analysis
3.6. Technology & innovation landscape
3.7. Regulatory landscape
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. Change in investment trends of government
3.8.1.2. Rise in defense budget
3.8.1.3. Need of upgrading outdated defense system
3.8.1.4. Political insurgencies and cross border conflicts
3.8.1.5. Introduction of new technologies
3.8.2. Industry pitfalls & challenges
3.8.2.1. Various treaties limiting the market scope
3.8.2.2. Limited client base and high involvement of government bodies
3.8.2.3. Significant R&D investment
3.9. Growth potential analysis, 2019
3.10. Porter’s analysis
3.11. PESTEL analysis
Chapter 4. Competitive Landscape
4.1. Introduction
4.2. Company market share, 2019
4.3. Competitive market analysis, 2019
4.3.1. Aerojet Rocketdyne
4.3.2. Elbit Systems Ltd.
4.3.3. General Dynamics Corporation
4.3.4. Leonardo S.p.A.
4.3.5. Lockheed Martin Corporation
4.3.6. MBDA
4.3.7. Northrop Grumman Corporation
4.3.8. Raytheon Company
4.3.9. Boeing
4.3.10. BAE Systems
Chapter 5. Interceptor Missiles Market, By Surface
5.1. Key trends, by surface
5.2. Surface to air
5.2.1. Market estimates and forecast, 2015 – 2026
5.3. Water to air
5.3.1. Market estimates and forecast, 2015 – 2026
Chapter 6. Interceptor Missiles Market, By Range
6.1. Key trends, by range
6.2. Short range
6.2.1. Market estimates and forecast, 2015 – 2026
6.3. Medium range
6.3.1. Market estimates and forecast, 2015 – 2026
6.4. Long range
6.4.1. Market estimates and forecast, 2015 – 2026
Chapter 7. Interceptor Missiles Market, By Component
7.1. Key trends, by component
7.2. Infrared
7.2.1. Market estimates and forecast, 2015 – 2026
7.3. Global Positioning System (GPS)
7.3.1. Market estimates and forecast, 2015 – 2026
7.4. Inertial Navigation System (INS)
7.4.1. Market estimates and forecast, 2015 – 2026
7.5. Radar Homing
7.5.1. Market estimates and forecast, 2015 – 2026
7.6. Semi-Active Lasers
7.6.1. Market estimates and forecast, 2015 – 2026
7.7. Others
7.7.1. Market estimates and forecast, 2015 – 2026
Chapter 8. Interceptor Missiles Market, By Region
8.1. Key trends, by region
8.2. North America
8.2.1. Market estimates and forecast, 2015 – 2026
8.2.2. Market estimates and forecast, by surface, 2015 – 2026
8.2.3. Market estimates and forecast, by range, 2015 – 2026
8.2.4. Market estimates & forecast, by component, 2015 – 2026
8.2.5. U.S.
8.2.5.1. Market estimates and forecast, 2015 – 2026
8.2.5.2. Market estimates and forecast, by surface, 2015 – 2026
8.2.5.3. Market estimates and forecast, by range, 2015 – 2026
8.2.5.4. Market estimates & forecast, by component, 2015 – 2026
8.3. Europe
8.3.1. Market estimates and forecast, 2015 – 2026
8.3.2. Market estimates and forecast, 2015 – 2026
8.3.3. Market estimates and forecast, by surface, 2015 – 2026
8.3.4. Market estimates and forecast, by range, 2015 – 2026
8.3.5. Market estimates & forecast, by component, 2015 – 2026
8.3.6. Germany
8.3.6.1. Market estimates and forecast, 2015 – 2026
8.3.6.2. Market estimates and forecast, by surface, 2015 – 2026
8.3.6.3. Market estimates and forecast, by range, 2015 – 2026
8.3.6.4. Market estimates & forecast, by component, 2015 – 2026
8.3.7. Poland
8.3.7.1. Market estimates and forecast, 2015 – 2026
8.3.7.2. Market estimates and forecast, by surface, 2015 – 2026
8.3.7.3. Market estimates and forecast, by range, 2015 – 2026
8.3.7.4. Market estimates & forecast, by component, 2015 – 2026
8.3.8. Russia
8.3.8.1. Market estimates and forecast, 2015 – 2026
8.3.8.2. Market estimates and forecast, by surface, 2015 – 2026
8.3.8.3. Market estimates and forecast, by range, 2015 – 2026
8.3.8.4. Market estimates & forecast, by component, 2015 – 2026
8.3.9. Netherlands
8.3.9.1. Market estimates and forecast, 2015 – 2026
8.3.9.2. Market estimates and forecast, by surface, 2015 – 2026
8.3.9.3. Market estimates and forecast, by range, 2015 – 2026
8.3.9.4. Market estimates & forecast, by component, 2015 – 2026
8.3.10. UK
8.3.10.1. Market estimates and forecast, 2015 – 2026
8.3.10.2. Market estimates and forecast, by surface, 2015 – 2026
8.3.10.3. Market estimates and forecast, by range, 2015 – 2026
8.3.10.4. Market estimates & forecast, by component, 2015 – 2026
8.3.11. France
8.3.11.1. Market estimates and forecast, 2015 – 2026
8.3.11.2. Market estimates and forecast, by surface, 2015 – 2026
8.3.11.3. Market estimates and forecast, by range, 2015 – 2026
8.3.11.4. Market estimates & forecast, by component, 2015 – 2026
8.3.12. Romania
8.3.12.1. Market estimates and forecast, 2015 – 2026
8.3.12.2. Market estimates and forecast, by surface, 2015 – 2026
8.3.12.3. Market estimates and forecast, by range, 2015 – 2026
8.3.12.4. Market estimates & forecast, by component, 2015 – 2026
8.4. Asia Pacific
8.4.1. Market estimates and forecast, 2015 – 2026
8.4.2. Market estimates and forecast, by surface, 2015 – 2026
8.4.3. Market estimates and forecast, by range, 2015 – 2026
8.4.4. Market estimates & forecast, by component, 2015 – 2026
8.4.5. China
8.4.5.1. Market estimates and forecast, 2015 – 2026
8.4.5.2. Market estimates and forecast, by surface, 2015 – 2026
8.4.5.3. Market estimates and forecast, by range, 2015 – 2026
8.4.5.4. Market estimates & forecast, by component, 2015 – 2026
8.4.6. India
8.4.6.1. Market estimates and forecast, 2015 – 2026
8.4.6.2. Market estimates and forecast, by surface, 2015 – 2026
8.4.6.3. Market estimates and forecast, by range, 2015 – 2026
8.4.6.4. Market estimates & forecast, by component, 2015 – 2026
8.4.7. Japan
8.4.7.1. Market estimates and forecast, 2015 – 2026
8.4.7.2. Market estimates and forecast, by surface, 2015 – 2026
8.4.7.3. Market estimates and forecast, by range, 2015 – 2026
8.4.7.4. Market estimates & forecast, by component, 2015 – 2026
8.4.8. South Korea
8.4.8.1. Market estimates and forecast, 2015 – 2026
8.4.8.2. Market estimates and forecast, by surface, 2015 – 2026
8.4.8.3. Market estimates and forecast, by range, 2015 – 2026
8.4.8.4. Market estimates & forecast, by component, 2015 – 2026
8.4.9. Taiwan
8.4.9.1. Market estimates and forecast, 2015 – 2026
8.4.9.2. Market estimates and forecast, by surface, 2015 – 2026
8.4.9.3. Market estimates and forecast, by range, 2015 – 2026
8.4.9.4. Market estimates & forecast, by component, 2015 – 2026
8.5. Middle East & Africa
8.5.1. Market estimates and forecast, 2015 – 2026
8.5.2. Market estimates and forecast, by surface, 2015 – 2026
8.5.3. Market estimates and forecast, by range, 2015 – 2026
8.5.4. Market estimates & forecast, by component, 2015 – 2026
8.5.5. Saudi Arabia
8.5.5.1. Market estimates and forecast, 2015 – 2026
8.5.5.2. Market estimates and forecast, by surface, 2015 – 2026
8.5.5.3. Market estimates and forecast, by range, 2015 – 2026
8.5.5.4. Market estimates & forecast, by component, 2015 – 2026
8.5.6. Israel
8.5.6.1. Market estimates and forecast, 2015 – 2026
8.5.6.2. Market estimates and forecast, by surface, 2015 – 2026
8.5.6.3. Market estimates and forecast, by range, 2015 – 2026
8.5.6.4. Market estimates & forecast, by component, 2015 – 2026
8.5.7. Turkey
8.5.7.1. Market estimates and forecast, 2015 – 2026
8.5.7.2. Market estimates and forecast, by surface, 2015 – 2026
8.5.7.3. Market estimates and forecast, by range, 2015 – 2026
8.5.7.4. Market estimates & forecast, by component, 2015 – 2026
8.5.8. UAE
8.5.8.1. Market estimates and forecast, 2015 – 2026
8.5.8.2. Market estimates and forecast, by surface, 2015 – 2026
8.5.8.3. Market estimates and forecast, by range, 2015 – 2026
8.5.8.4. Market estimates & forecast, by component, 2015 – 2026
8.5.9. Qatar
8.5.9.1. Market estimates and forecast, 2015 – 2026
8.5.9.2. Market estimates and forecast, by surface, 2015 – 2026
8.5.9.3. Market estimates and forecast, by range, 2015 – 2026
8.5.9.4. Market estimates & forecast, by component, 2015 – 2026
8.6. Latin America
8.6.1. Market estimates and forecast, 2015 – 2026
8.6.2. Market estimates and forecast, by surface, 2015 – 2026
8.6.3. Market estimates and forecast, by range, 2015 – 2026
8.6.4. Market estimates & forecast, by component, 2015 – 2026
8.6.5. Brazil
8.6.5.1. Market estimates and forecast, 2015 – 2026
8.6.5.2. Market estimates and forecast, by surface, 2015 – 2026
8.6.5.3. Market estimates and forecast, by range, 2015 – 2026
8.6.5.4. Market estimates & forecast, by component, 2015 – 2026
8.6.6. Mexico
8.6.6.1. Market estimates and forecast, 2015 – 2026
8.6.6.2. Market estimates and forecast, by surface, 2015 – 2026
8.6.6.3. Market estimates and forecast, by range, 2015 – 2026
8.6.6.4. Market estimates & forecast, by component, 2015 – 2026
Chapter 9. Company Profiles
9.1. Aerojet Rocketdyne
9.1.1. Business Overview
9.1.2. Financial Data
9.1.3. Product Landscape
9.1.4. Strategic Outlook
9.1.5. SWOT Analysis
9.2. Airbus S.A.S.
9.2.1. Business Overview
9.2.2. Financial Data
9.2.3. Product Landscape
9.2.4. Strategic Outlook
9.2.5. SWOT Analysis
9.3. Almaz-Antey
9.3.1. Business Overview
9.3.2. Financial Data
9.3.3. Product Landscape
9.3.4. Strategic Outlook
9.3.5. SWOT Analysis
9.4. Bharat Dynamics Limited
9.4.1. Business Overview
9.4.2. Financial Data
9.4.3. Product Landscape
9.4.4. Strategic Outlook
9.4.5. SWOT Analysis
9.5. China Aerospace Science and Technology Corporation
9.5.1. Business Overview
9.5.2. Financial Data
9.5.3. Product Landscape
9.5.4. Strategic Outlook
9.5.5. SWOT Analysis
9.6. Elbit Systems Ltd.
9.6.1. Business Overview
9.6.2. Financial Data
9.6.3. Product Landscape
9.6.4. Strategic Outlook
9.6.5. SWOT Analysis
9.7. General Dynamics Corporation
9.7.1. Business Overview
9.7.2. Financial Data
9.7.3. Product Landscape
9.7.4. Strategic Outlook
9.7.5. SWOT Analysis
9.8. Hanwha Corporation
9.8.1. Business Overview
9.8.2. Financial Data
9.8.3. Product Landscape
9.8.4. Strategic Outlook
9.8.5. SWOT Analysis
9.9. Israel Aerospace Industries
9.9.1. Business Overview
9.9.2. Financial Data
9.9.3. Product Landscape
9.9.4. Strategic Outlook
9.9.5. SWOT Analysis
9.10. Kongsberg
9.10.1. Business Overview
9.10.2. Financial Data
9.10.3. Product Landscape
9.10.4. Strategic Outlook
9.10.5. SWOT Analysis
9.11. L3Harris
9.11.1. Business Overview
9.11.2. Financial Data
9.11.3. Product Landscape
9.11.4. Strategic Outlook
9.11.5. SWOT Analysis
9.12. Leonardo S.p.A.
9.12.1. Business Overview
9.12.2. Financial Data
9.12.3. Product Landscape
9.12.4. Strategic Outlook
9.12.5. SWOT Analysis
9.13. Lockheed Martin Corporation
9.13.1. Business Overview
9.13.2. Financial Data
9.13.3. Product Landscape
9.13.4. Strategic Outlook
9.13.5. SWOT Analysis
9.14. MBDA
9.14.1. Business Overview
9.14.2. Financial Data
9.14.3. Product Landscape
9.14.4. Strategic Outlook
9.14.5. SWOT Analysis
9.15. Northrop Grumman Corporation
9.15.1. Business Overview
9.15.2. Financial Data
9.15.3. Product Landscape
9.15.4. Strategic Outlook
9.15.5. SWOT Analysis
9.16. Rafeal Advanced Defense Systems Ltd.
9.16.1. Business Overview
9.16.2. Financial Data
9.16.3. Product Landscape
9.16.4. Strategic Outlook
9.16.5. SWOT Analysis
9.17. Raytheon Company
9.17.1. Business Overview
9.17.2. Financial Data
9.17.3. Product Landscape
9.17.4. Strategic Outlook
9.17.5. SWOT Analysis
9.18. Rheinmetall AG
9.18.1. Business Overview
9.18.2. Financial Data
9.18.3. Product Landscape
9.18.4. Strategic Outlook
9.18.5. SWOT Analysis
9.19. Saab AB
9.19.1. Business Overview
9.19.2. Financial Data
9.19.3. Product Landscape
9.19.4. Strategic Outlook
9.19.5. SWOT Analysis
9.20. Thales Group
9.20.1. Business Overview
9.20.2. Financial Data
9.20.3. Product Landscape
9.20.4. Strategic Outlook
9.20.5. SWOT Analysis
9.21. Boeing
9.21.1. Business Overview
9.21.2. Financial Data
9.21.3. Product Landscape
9.21.4. Strategic Outlook
9.21.5. SWOT Analysis
9.22. BAE Systems
9.22.1. Business Overview
9.22.2. Financial Data
9.22.3. Product Landscape
9.22.4. Strategic Outlook
9.22.5. SWOT Analysis