Those interested in the latest missile defence systems market insight and predictions, can access the latest Visiongain report entitled Missiles and Missile Defence Systems (MMDS) Report 2024-2034: Forecasts by Type (Missile Defence Systems, Surface-To-Air Missiles, Air-To-Surface Missiles, Air-To-Air Missiles, Others), by Application (Military, Simulation Exercises, Others) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies.

The global missiles and missile defence systems (MMDS) market is estimated to surpass US$40.0 billion in 2024 and is projected to grow at a CAGR of more than 4.0% during the forecast period 2024-2034.

In the past ten years, military worldwide have come to understand the potential of the missile defence market including unmanned aerial vehicles (UAVs) in the quickly changing, network-centric battlefield. UAVs are widely utilised in a variety of military applications, including as precise strikes, electronic warfare, target tracking and designation, and border surveillance on land and at sea. In addition to these traditional functions, UAVs can be remotely flown and outfitted with different levels of autonomy to carry out pre-planned flight plans. Because UAVs are small, have a small radar cross-section (RCS), and have fewer infrared signatures than other aerial vehicles, they are harder to track by conventional air defence systems. As a result, nations are concentrating on creating sophisticated air defence systems to address the increasing threat posed by UAVs.

The missile defence market is expanding significantly on a global scale due to growing geopolitical tensions, changing security concerns, and quick technical breakthroughs. Investment in next-generation missile defence systems has surged as a result of nations all over the world placing a higher priority on defence modernisation initiatives. The competitive landscape is changing due to advanced technology like directed energy weapons, hypersonic missiles, and sophisticated sensor systems, which is increasing the need for creative solutions. Leading aerospace and defence firms are leading this change by using their experience to create state-of-the-art missile defence systems that are specifically designed to counter new threats.

How will this Report Benefit you?

Visiongain’s 250-page report on missile defence market provides 102 tables and 102 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the missiles and missile defense systems (MMDS) market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Missiles and Missile Defense Systems (MMDS). Get financial analysis of the overall market and different segments and capture higher market share. We believe that there are strong opportunities in this fast-growing missiles and missile defense systems (MMDS) market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.

What are the Current Market Drivers?

Geopolitical Instability and Technological Innovation

Thee missile defence market systems is expected to grow steadily due to the combination of technological progress and geopolitical unpredictability. States are prioritising investment in state-of-the-art solutions as a result of the transformation of defence policies brought about by advanced capabilities like directed energy weapons and hypersonic missiles. Big players can take advantage of these opportunities by using their experience and strong R&D skills. There is a constant need for strong missile defence systems because of regional tensions and security concerns. Aggressive methods are necessary to handle uncertainty and capitalise on emerging possibilities, since market actors face risks due to altering threat environments and regulatory challenges.

Where are the Market Opportunities?

Growing geopolitical tensions across the globe, especially in the Middle East and Asia-Pacific, are pushing nations to improve their missile and missile defence capabilities. Investments in offensive and defensive systems are increasing in response to growing concerns over possible conflicts and the spread of sophisticated missile technology, which aim to deter adversaries and protect national interests. Innovation in the sector is also being driven by the quick developments in missile technology, which include hypersonic missiles, precision-guided bombs, and advanced sensor systems. These technological advances are giving governments and businesses who invest in R&D a competitive edge and are influencing the creation of next-generation missile and defence systems. They also offer improved range, accuracy, and efficacy.

In addition, organisations can increase their market presence and utilise complementary expertise and resources through strategic agreements and international collaborations. Collaborative research projects, technology transfers, and joint development and procurement activities give businesses ways to reach new markets, split costs and risks, and improve their competitiveness in the global market. Furthermore, the market for missiles and missile defence systems is seeing a surge in innovation and technological breakthroughs due to increased government and defence organisation spending in research and development (R&D). Companies can fulfil increasing defence requirements and gain a competitive edge in the market by developing cutting-edge technology like directed energy weapons, hypersonic missiles, and autonomous systems.

Competitive Landscape

The global missiles and missile defense systems (MMDS) market is competitive in nature as large number of well-established companies are operating in this industry. Some of the leading companies present in this industry are Aerojet Rocketdyne, BAE Systems, Bharat Dynamics, Boeing, BrahMos Aerospace, Denel Dynamics, Kongsberg Defense Systems, Lockheed Martin Corporation, Makeyev Design Bureau, MBDA, Mectron, Northrop Grumman, Rafael Advanced Defense Systems, Raytheon, Rheinmetall Defense, Sagem, Tactical Missiles, Thales. Companies operating in this industry are adopting new product development, expansion, investment, and partnership to stay competitive in this industry and gain competitive advantage over other companies.

Recent Developments

In September 2024, Defence tech firm Anduril Industries unveiled a new line of autonomous, air-breathing cruise missiles that the company says will be able to be easily upgraded and produced in large numbers to bolster the military’s arsenal.

Notes for Editors

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