PUBLISHER: The Business Research Company | PRODUCT CODE: 1425648
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425648
Missile Seekers Global Market Report 2024
Missile Seekers Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on missile seekers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for missile seekers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The missile seekers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Missile Type: Cruise Missile; Ballistic Missile; Interceptor Missile; Conventional
- 2) By Technology: Active Radar; Semi-active Radar; Passive Radar; Infrared; laser; multimode
- 3) By Launch Mode: Surface-to-Surface; Surface-to-Air; Air-to-Surface; Air-to-Air
- Companies Mentioned: BAE Systems PLC; Leonardo SpA; Raytheon Technologies Corporation; Northrop Grumman Corporation; The Boeing Company
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Missile seekers are compact systems integral to guiding missiles accurately toward their intended targets. These systems utilize radar technology, detecting heat emissions and radar reflections emitted by the target, thereby directing the missile along a precise trajectory.
The different types of missile seekers serve specific purposes in missile technology. They employ radar-based mechanisms to locate and guide missiles towards their targets. Cruise missiles, among them, are notable for their ability to operate within the Earth's atmosphere, delivering destructive payloads remotely and swiftly. These missiles utilize a range of technologies and launch modes to ensure precision and effectiveness in their missions.
The missile seekers market research report is one of a series of new reports from The Business Research Company that provides missile seekers market statistics, including missile seekers industry global market size, regional shares, competitors with a missile seekers market share, detailed missile seekers market segments, market trends and opportunities, and any further data you may need to thrive in the missile seekers industry. This missile seekers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The missile seekers market size has grown strongly in recent years. It will grow from $4.96 billion in 2023 to $5.34 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. During the historical period, growth within this sector can be ascribed to various contributing factors. These include the implementation of military modernization programs, heightened regional security concerns, increased export opportunities, a rise in asymmetric warfare tactics, developments in counter-air and anti-ship operations, and advancements in counter-ballistic missile systems. These elements collectively contributed to the observed growth within this domain during that timeframe.
The missile seekers market size is expected to see strong growth in the next few years. It will grow to $7.16 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. Anticipated growth in the upcoming forecast period is expected to be driven by several key factors, including the emergence and emphasis on hypersonic missiles, a heightened focus on electronic warfare, deployment on unmanned platforms, concentrated efforts on enhancing anti-ship missile seekers, and the global proliferation of missile defense systems. These aspects are anticipated to propel growth within this sector.
The missile seekers market is being driven by a surging global demand for missile defense systems. Countries, amidst escalating tensions, seek to safeguard their territories against aerial threats using these systems. The accurate targeting and destruction of incoming missiles or aircraft rely on missile seekers. Notably, in December 2021, India inked a $5.4 billion deal for Russia's S-400 missile defense systems. Additionally, in May 2022, South Korea approved a $605 million project to upgrade its PAC-2 to PAC-3 system from the USA. Lockheed Martin's CEO mentioned substantial demand for THAAD and PAC-3 systems globally in April 2022, underscoring the market's growth due to increased demand.
The missile seekers market is set to expand owing to heightened international conflicts. These conflicts encompass various forms, from diplomatic tensions to military confrontations, impacting sovereign states or international entities. Missile seekers, integral in guided missile systems, play a pivotal role by precisely locating, tracking, and guiding missiles. In June 2023, ReliefWeb reported an increase in non-state conflicts from 76 in 2021 to 82 in 2022, reflecting a global trend. Notably, Africa experiences the most non-state wars, followed by the Americas, further substantiating the market's growth linked to rising international conflicts.
Noteworthy advancements in missile seeker technology drive market trends. Key industry players and defense organizations continuously innovate to enhance missile accuracy. These technological leaps give market leaders a competitive advantage. An instance is the successful July 2021 test by India's Defense Research and Development Organization (DRDO) of the Akash NG surface-to-air missile equipped with the Radio Frequency Seeker developed in Hyderabad, India. This advancement showcased the missile's capability to lock onto and destroy enemy aircraft effectively.
Strategic partnerships are becoming prevalent in the missile seekers market, facilitating the development of interoperable aircraft survivability solutions. Companies collaborate, pooling strengths and resources for mutual benefit. For example, in February 2023, BAE Systems, Inc., collaborated with Leonardo UK, authorized by the U.S. government to create an interoperable aircraft survivability suite. This suite integrates Leonardo's Miysis Directed Infrared Countermeasure (DIRCM) System and BAE Systems' AN/AAR-57 Common Missile Warning System (CMWS). Such collaborations significantly enhance an aircraft's resilience against sophisticated attacks, with the Miysis DIRCM system being a dependable defense against Infrared Man Portable Air Defense Systems (IR MANPADS).
In a strategic move, System High Corp., a US-based engineering, cybersecurity, and intelligence company, acquired undisclosed technical and advisory businesses from Booz Allen Hamilton Corp. in December 2021. This acquisition aligns with System High's objectives to enhance national security. Booz Allen Hamilton Corp., known for its engineering, R&D, and advisory services, notably supported the missile defense agency (MDA) and held contracts from the MDA.
Major companies operating in the missile seekers market report are BAE Systems PLC, Leonardo SpA, Raytheon Technologies Corporation, Northrop Grumman Corporation, The Boeing Company, Safran SA, Thales Group, Diehl Defence GmbH & Co. KG, Rafael Advanced Defense Systems Limited, Adani Defence And Aerospace, Defence Research & Development Organisation, Koda Technologies Inc., Vem Technologies Private Limited, Analog Devices Inc., Bharat Electronics Limited, Excelitas Technologies Corp., Marotta Controls Inc., Lockheed Martin Corporation, L3Harris Technologies Inc., Honeywell International Inc., Collins Aerospace Systems, Israel Aerospace Industries Ltd., Roxel Group, Rheinmetall AG, Saab AB, MBDA Italia SpA, Roketsan A.S., Taurus Systems GmbH, QinetiQ Group PLC, Aerojet Rocketdyne Holdings Inc., Orbital ATK Inc., AeroVironment Inc., Textron Inc., General Dynamics Corporation, Kratos Defense & Security Solutions Inc., LIG Nex1 Co. Ltd., Hanwha Corporation, Mitsubishi Electric Corporation
North America was the largest region in the missile seekers market in 2023. The regions covered in the missile seekers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the missile seekers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The missile seekers market consists of sales of missile seekers that are used to guide the missile on the right path of the target. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. Missile Seekers Market Characteristics
3. Missile Seekers Market Trends And Strategies
4. Missile Seekers Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global Missile Seekers Market Size and Growth
- 5.1. Global Missile Seekers Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Missile Seekers Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Missile Seekers Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Missile Seekers Market Segmentation
- 6.1. Global Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Cruise Missile
- Ballistic Missile
- Interceptor Missile
- Conventional
- 6.2. Global Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Active Radar
- Semi-active Radar
- Passive Radar
- Infrared
- laser
- multimode
- 6.3. Global Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Surface-to-Surface
- Surface-to-Air
- Air-to-Surface
- Air-to-Air
7. Missile Seekers Market Regional And Country Analysis
- 7.1. Global Missile Seekers Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Missile Seekers Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Missile Seekers Market
- 8.1. Asia-Pacific Missile Seekers Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.4. Asia-Pacific Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Missile Seekers Market
- 9.1. China Missile Seekers Market Overview
- 9.2. China Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.4. China Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Missile Seekers Market
- 10.1. India Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Missile Seekers Market
- 11.1. Japan Missile Seekers Market Overview
- 11.2. Japan Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.4. Japan Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Missile Seekers Market
- 12.1. Australia Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Missile Seekers Market
- 13.1. Indonesia Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Missile Seekers Market
- 14.1. South Korea Missile Seekers Market Overview
- 14.2. South Korea Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.4. South Korea Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Missile Seekers Market
- 15.1. Western Europe Missile Seekers Market Overview
- 15.2. Western Europe Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.4. Western Europe Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Missile Seekers Market
- 16.1. UK Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Missile Seekers Market
- 17.1. Germany Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Missile Seekers Market
- 18.1. France Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.2. France Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.3. France Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Missile Seekers Market
- 19.1. Italy Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.2. Italy Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.3. Italy Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Missile Seekers Market
- 20.1. Spain Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.2. Spain Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.3. Spain Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Missile Seekers Market
- 21.1. Eastern Europe Missile Seekers Market Overview
- 21.2. Eastern Europe Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.4. Eastern Europe Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Missile Seekers Market
- 22.1. Russia Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Missile Seekers Market
- 23.1. North America Missile Seekers Market Overview
- 23.2. North America Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.4. North America Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Missile Seekers Market
- 24.1. USA Missile Seekers Market Overview
- 24.2. USA Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.4. USA Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Missile Seekers Market
- 25.1. Canada Missile Seekers Market Overview
- 25.2. Canada Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.4. Canada Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Missile Seekers Market
- 26.1. South America Missile Seekers Market Overview
- 26.2. South America Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.4. South America Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Missile Seekers Market
- 27.1. Brazil Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Missile Seekers Market
- 28.1. Middle East Missile Seekers Market Overview
- 28.2. Middle East Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.4. Middle East Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Missile Seekers Market
- 29.1. Africa Missile Seekers Market Overview
- 29.2. Africa Missile Seekers Market, Segmentation By Missile Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Missile Seekers Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.4. Africa Missile Seekers Market, Segmentation By Launch Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Missile Seekers Market Competitive Landscape And Company Profiles
- 30.1. Missile Seekers Market Competitive Landscape
- 30.2. Missile Seekers Market Company Profiles
- 30.2.1. BAE Systems plc
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. Leonardo SpA
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. Raytheon Technologies Corporation
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. Northrop Grumman Corporation
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. The Boeing Company
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
- 30.2.1. BAE Systems plc
31. Global Missile Seekers Market Competitive Benchmarking
32. Global Missile Seekers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Missile Seekers Market
34. Missile Seekers Market Future Outlook and Potential Analysis
- 34.1 Missile Seekers Market In 2028 - Countries Offering Most New Opportunities
- 34.2 Missile Seekers Market In 2028 - Segments Offering Most New Opportunities
- 34.3 Missile Seekers Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35.4. Research Inquiries
- 35.5. The Business Research Company
- 35.6. Copyright And Disclaimer
