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PUBLISHER: IMARC | PRODUCT CODE: 1422902

PUBLISHER: IMARC | PRODUCT CODE: 1422902

Anti-Ship Missile Defence System Market by Component (Radar, Missile Interceptor), Launch Platform (Air, Surface, Submarine), Application (Ballistic Missiles Defense, Conventional Missile Defense), and Region 2024-2032

PUBLISHED: January 30, 2024

PAGES: 143 Pages

DELIVERY TIME: 2-3 business days

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The global anti-ship missile defence system market size reached US$ 12.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.64% during 2024-2032. The rising demand for naval vessels, rapid military modernization activity, and the integration of artificial intelligence (AI) and machine learning (ML) technologies represent some of the key factors driving the market.

Anti-ship missile defence (ASMD) system refers to a defensive technology designed to protect naval assets from enemy missiles. It is comprised of several components, such as radar, electronic warfare equipment, jammers, decoys, chaffs, flares, guns, and surface-to-air missiles (SAMs). It operates in multiple steps that involves detecting the incoming missile, tracking its trajectory, identifying the threat risk, deploying countermeasures, and destroying the target. ASMD system is widely used on aircraft carriers, destroyers, submarines, frigates, corvettes, littoral combat ships, minehunters, offshore patrol vessels, and amphibious assault ships. It is a cost-effective and highly efficient system that can neutralize multiple incoming missiles simultaneously, provides multi-layered defense, and enhances situational awareness. ASMD system also improves the survivability rate of naval vessels, enhances operational capabilities, increases deterrence, and minimizes the impact of incoming attacks.

Anti-Ship Missile Defence System Market Trends:

The rising demand for naval vessels across the globe is one of the primary factors driving the market growth. ASMD system is widely installed on different locations of a naval vessel to provide comprehensive and all-around protection from incoming enemy missiles, which aids in reducing casualty, minimizing the impact of an attack, and increasing the overall efficiency of the naval operations. In addition to this, the rapid military modernization activity due to the increasing defense budget is acting as another growth-inducing factor. Furthermore, the implementation of various government initiatives to expand and strengthen naval fleets to protect the country's maritime interests is providing an impetus to the market growth. Additionally, the recent development of directed energy weapon systems, such as high-energy lasers and high-power microwaves that are cost-effective, require low maintenance, and can rapidly engage hypersonic missiles, is positively influencing the market growth. Apart from this, the integration of artificial intelligence (AI) and machine learning (ML) to automate threat detection capabilities and improve the sensitivity, tracking, and response time of the ASMD system is favoring the market growth. Moreover, the introduction of multi-function radars (MFR) that engage multiple targets simultaneously and enhance situational awareness of the system is creating a positive outlook for the market. Other factors, including the significant growth in the defense industry, growing military tensions, the increasing investment in the research and development (R&D) of new ASMD systems, and the rising threat of asymmetric warfare, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global anti-ship missile defence system market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on component, launch platform, and application.

Component Insights:

Radar

Missile Interceptor

The report has provided a detailed breakup and analysis of the anti-ship missile defence system market based on the component. This includes radar and missile interceptor. According to the report, radar represented the largest segment.

Launch Platform Insights:

Air

Surface

Submarine

A detailed breakup and analysis of the anti-ship missile defence system market based on the launch platform has also been provided in the report. This includes air, surface, and submarine. According to the report, surface accounted for the largest market share.

Application Insights:

Ballistic Missiles Defense

Conventional Missile Defense

A detailed breakup and analysis of the anti-ship missile defence system market based on the application has also been provided in the report. This includes ballistic and conventional missile defense. According to the report, ballistic missiles defense accounted for the largest market share.

Regional Insights:

North America

United States

Canada

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for anti-ship missile defence system. Some of the factors driving the Asia Pacific anti-ship missile defence system market included rapid military modernization, increasing government initiatives, and significant technological advancements.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global anti-ship missile defence system market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include BAE Systems plc, Lockheed Martin Corporation, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Saab AB, etc.

Key Questions Answered in This Report

1. How big is the global anti-ship missile defense system market?
2. What is the expected growth rate of the global anti-ship missile defense system market during 2024-2032?
3. What are the key factors driving the global anti-ship missile defense system market?
4. What has been the impact of COVID-19 on the global anti-ship missile defense system market?
5. What is the breakup of the global anti-ship missile defense system market based on the component?
6. What is the breakup of the global anti-ship missile defense system market based on the launch platform?
7. What is the breakup of the global anti-ship missile defense system market based on the application?
8. What are the key regions in the global anti-ship missile defense system market?
9. Who are the key players/companies in the global anti-ship missile defense system market?

Product Code: SR112024A7258

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Anti-Ship Missile Defence System Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Component

6.1 Radar
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
6.2 Missile Interceptor
- 6.2.1 Market Trends
- 6.2.2 Market Forecast

7 Market Breakup by Launch Platform

7.1 Air
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
7.2 Surface
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
7.3 Submarine
- 7.3.1 Market Trends
- 7.3.2 Market Forecast

8 Market Breakup by Application

8.1 Ballistic Missiles Defense
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
8.2 Conventional Missile Defense
- 8.2.1 Market Trends
- 8.2.2 Market Forecast

9 Market Breakup by Region

9.1 North America
- 9.1.1 United States
  - 9.1.1.1 Market Trends
  - 9.1.1.2 Market Forecast
- 9.1.2 Canada
  - 9.1.2.1 Market Trends
  - 9.1.2.2 Market Forecast
9.2 Asia-Pacific
- 9.2.1 China
  - 9.2.1.1 Market Trends
  - 9.2.1.2 Market Forecast
- 9.2.2 Japan
  - 9.2.2.1 Market Trends
  - 9.2.2.2 Market Forecast
- 9.2.3 India
  - 9.2.3.1 Market Trends
  - 9.2.3.2 Market Forecast
- 9.2.4 South Korea
  - 9.2.4.1 Market Trends
  - 9.2.4.2 Market Forecast
- 9.2.5 Australia
  - 9.2.5.1 Market Trends
  - 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
  - 9.2.6.1 Market Trends
  - 9.2.6.2 Market Forecast
- 9.2.7 Others
  - 9.2.7.1 Market Trends
  - 9.2.7.2 Market Forecast
9.3 Europe
- 9.3.1 Germany
  - 9.3.1.1 Market Trends
  - 9.3.1.2 Market Forecast
- 9.3.2 France
  - 9.3.2.1 Market Trends
  - 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
  - 9.3.3.1 Market Trends
  - 9.3.3.2 Market Forecast
- 9.3.4 Italy
  - 9.3.4.1 Market Trends
  - 9.3.4.2 Market Forecast
- 9.3.5 Spain
  - 9.3.5.1 Market Trends
  - 9.3.5.2 Market Forecast
- 9.3.6 Russia
  - 9.3.6.1 Market Trends
  - 9.3.6.2 Market Forecast
- 9.3.7 Others
  - 9.3.7.1 Market Trends
  - 9.3.7.2 Market Forecast
9.4 Latin America
- 9.4.1 Brazil
  - 9.4.1.1 Market Trends
  - 9.4.1.2 Market Forecast
- 9.4.2 Mexico
  - 9.4.2.1 Market Trends
  - 9.4.2.2 Market Forecast
- 9.4.3 Others
  - 9.4.3.1 Market Trends
  - 9.4.3.2 Market Forecast
9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast

10 Drivers, Restraints, and Opportunities

10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities

11 Value Chain Analysis

12 Porters Five Forces Analysis

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
- 14.3.1 BAE Systems plc
  - 14.3.1.1 Company Overview
  - 14.3.1.2 Product Portfolio
  - 14.3.1.3 Financials
  - 14.3.1.4 SWOT Analysis
- 14.3.2 Lockheed Martin Corporation
  - 14.3.2.1 Company Overview
  - 14.3.2.2 Product Portfolio
  - 14.3.2.3 Financials
  - 14.3.2.4 SWOT Analysis
- 14.3.3 Rafael Advanced Defense Systems Ltd.
  - 14.3.3.1 Company Overview
  - 14.3.3.2 Product Portfolio
- 14.3.4 Raytheon Technologies Corporation
  - 14.3.4.1 Company Overview
  - 14.3.4.2 Product Portfolio
  - 14.3.4.3 Financials
  - 14.3.4.4 SWOT Analysis
- 14.3.5 Saab AB
  - 14.3.5.1 Company Overview
  - 14.3.5.2 Product Portfolio
  - 14.3.5.3 Financials
  - 14.3.5.4 SWOT Analysis

Product Code: SR112024A7258

List of Figures

Figure 1: Global: Anti-Ship Missile Defence System Market: Major Drivers and Challenges
Figure 2: Global: Anti-Ship Missile Defence System Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Anti-Ship Missile Defence System Market: Breakup by Component (in %), 2023
Figure 5: Global: Anti-Ship Missile Defence System Market: Breakup by Launch Platform (in %), 2023
Figure 6: Global: Anti-Ship Missile Defence System Market: Breakup by Application (in %), 2023
Figure 7: Global: Anti-Ship Missile Defence System Market: Breakup by Region (in %), 2023
Figure 8: Global: Anti-Ship Missile Defence System (Radar) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Anti-Ship Missile Defence System (Radar) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Anti-Ship Missile Defence System (Missile Interceptor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Anti-Ship Missile Defence System (Missile Interceptor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Anti-Ship Missile Defence System (Air) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Anti-Ship Missile Defence System (Air) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Anti-Ship Missile Defence System (Surface) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Anti-Ship Missile Defence System (Surface) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Anti-Ship Missile Defence System (Submarine) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Anti-Ship Missile Defence System (Submarine) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Anti-Ship Missile Defence System (Ballistic Missiles Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Anti-Ship Missile Defence System (Ballistic Missiles Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Anti-Ship Missile Defence System (Conventional Missile Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Anti-Ship Missile Defence System (Conventional Missile Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: North America: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: North America: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: United States: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: United States: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Canada: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Canada: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Asia-Pacific: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Asia-Pacific: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: China: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: China: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Japan: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Japan: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: India: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: India: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: South Korea: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: South Korea: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Australia: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Australia: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Indonesia: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Indonesia: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Others: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Others: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Europe: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Europe: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Germany: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Germany: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: France: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: France: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: United Kingdom: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: United Kingdom: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Italy: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Italy: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Spain: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Spain: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Russia: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Russia: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Others: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Others: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Latin America: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Latin America: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Brazil: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Brazil: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Mexico: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Mexico: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Middle East and Africa: Anti-Ship Missile Defence System Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Middle East and Africa: Anti-Ship Missile Defence System Market: Breakup by Country (in %), 2023
Figure 70: Middle East and Africa: Anti-Ship Missile Defence System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Global: Anti-Ship Missile Defence System Industry: Drivers, Restraints, and Opportunities
Figure 72: Global: Anti-Ship Missile Defence System Industry: Value Chain Analysis
Figure 73: Global: Anti-Ship Missile Defence System Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Anti-Ship Missile Defence System Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Anti-Ship Missile Defence System Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Anti-Ship Missile Defence System Market Forecast: Breakup by Launch Platform (in Million US$), 2024-2032
Table 4: Global: Anti-Ship Missile Defence System Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Anti-Ship Missile Defence System Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Anti-Ship Missile Defence System Market: Competitive Structure
Table 7: Global: Anti-Ship Missile Defence System Market: Key Players