Piyasa bakış

The global market for advanced missile defense systems had a value of $21.82 milyar 2021. It is projected to grow at a compound annual growth rate (CAGR) ile ilgili 2.18% itibaren 2022 ile 2032, reaching $27.05 milyar tarafından 2032. This growth is primarily driven by the increasing defense budgets of countries worldwide. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure reached $2,113 milyar 2021, a 0.7% increase from 2020. The United States accounted for 36.3% of this total, with an estimated military expenditure of $767.8 milyar. With the rise in military spending, investments in missile defense systems are expected to increase.

Advanced missile defense systems refer to systems that provide defense against any type of missile, whether conventional or nuclear, launched by any country. These systems can detect and destroy missiles before they can inflict harm. There have been significant advancements in missile defense system technologies, leading to a growing interest and demand for advanced air defense systems in various military platforms such as airborne, ground, naval, and space. These advancements have also contributed to the increase in defense budgets globally. Armed forces worldwide are actively investing resources in the development of hypersonic and supersonic technologies that enhance a country’s offensive and defensive capabilities. Hypersonic missiles can travel at speeds greater than Mach 5 (the speed of light), while supersonic missiles can travel at speeds exceeding Mach 1. These high-speed missiles use advanced engines that allow them to maneuver swiftly. The development of advanced missile defense systems aims to enhance defense capabilities against these high-speed threats.

Missile defense systems are not only used to defend against missiles but also against combat aircraft, helicopters, bombers, unmanned aerial vehicles (UAVs), and stand-off weapons. These systems are designed to counter threats at varying distances, ranging from short-range to long-range threats. As global tensions and instability escalate, emerging countries may increase their defense spending on missile defense systems. This presents an opportunity for defense companies to provide air defense capabilities to these nations.

The growth of the missile defense systems market is primarily driven by the modernization of these systems, expansion of surveillance radar coverage, and the development of modern missile defense technologies such as directed energy weapons and counter hypersonic systems. Upgradation and development programs of missile defense systems are driven by the increasing demand for these systems and the associated investments.

Investments in hypersonic missile capabilities are driving growth in the advanced missile defense system market. This also leads to investments in comparable defensive capabilities. The demand for sensing components is propelled by the increasing adoption of directed energy weapons, which are considered cost-effective solutions for dealing with low-altitude threats. As new supersonic and hypersonic missiles continue to emerge, there is a growing need for advanced sensing components in missile defense systems.

The rise in defense budget spending has resulted in an increase in upgrade and development programs, supporting the enhancement of the engagement component of missile defense systems. The increasing threats of intermediate-range missile launches and asymmetric warfare have further driven the enhancement of the engagement component.

The drivers for the advanced missile defense system market include the need for regional threat protection, the emerging arms race around hypersonic capabilities, ongoing armed conflicts that drive the need for enhanced military deterrence, and growing defense budgets. However, there are also challenges such as delays caused by ongoing defense modernization programs and stringent industry regulations related to arms transfer. Diğer taraftan, opportunities in the market include the increasing number of hypersonic and supersonic missiles and the rising adoption of artificial intelligence in missile defense systems.

Pazar Segmentasyonu

Pazar çeşitli faktörlere göre bölümlere ayrılmıştır, including application, component, platform, range, speed regime, and region.

Uygulamaya Göre Segmentasyon
Detection, Tracking, and Identification
Interception
Integrated Missile Defense Management

Segmentation by Component
Sensing
Engagement
Command and Control

Segmentation by Platform
Land
Air
Sea
Space

Segmentation by Range
Short Range
Medium Range
Long Range

Segmentation by Speed Regime
Subsonic
Supersonic
Hypersonic

Segmentation by Region
Kuzey Amerika – U.S.
Avrupa – Fransa, Almanya, Rusya, İtalya, U.K., and Rest-of-Europe
Asia-Pacific – Çin, Japonya, Hindistan, Güney Kore, Tayvan, and Rest-of-Asia-Pacific
Orta Doğu – Suudi Arabistan, U.A.E., İsrail, and Iran

The integrated missile defense management segment is expected to dominate the global advanced missile defense system market based on application. İçinde 2021, this segment was valued at $9,735 million and is projected to reach $11,931 million by the end of 2032, with a compound annual growth rate (CAGR) ile ilgili 2.08% tahmin dönemi boyunca 2022-2032. The centralized management of distributed assets across strategic global and domestic locations is crucial in the face of potential threats. Command and control of all deployed systems is prioritized, encompassing surveillance and threat data handling, tracking and acquisition of targets, and determination of response strategies in battle.

Concerning components, the command and control segment dominates the global advanced missile defense system market. This segment was valued at $9,735 million in 2021 and is expected to reach $11,931 million by the end of 2032, CAGR'ı olan 2.08% tahmin dönemi boyunca 2022-2032. The hardware interface includes secure data terminals in ground control stations, along with data filtering and processing hardware. Sensors and avionics implementing hardware in loop (HWIL) are commonly used for processing data from space-based and radar sensors in ballistic missile defenses. Mobile land systems, such as the S400, typically utilize LCD consoles in the 55K6E command post to process airspace surveillance data, monitor radar outputs, track and prioritize threats, and coordinate with other batteries.

Regarding platforms, the land segment dominates the global advanced missile defense system market. It encompasses interceptors, radars, land-based sensors, launchers, command stations, and networks. This segment offers the widest range of missile defense products and plays a critical role in missile defense strategies due to the inclusion of command and control (C2) and interceptor systems. The land segment has experienced continuous growth and substantial technological advancements throughout the evolution of missile defense systems, with the other three domains typically complementing land capabilities.

İçinde 2021, North America contributed $775 million to the global advanced missile defense system market. By the end of 2032, this region is expected to reach $986 milyon. The market growth in North America can be attributed to the presence of the United States. The global missile defense systems market is primarily driven by the increasing need for modernizing defense forces with advanced missile defense systems and enhancing deterrence capabilities against emerging aerial threats, such as ballistic missiles, cruise missiles, supersonic missiles, and hypersonic missiles. The presence of key market players like Northrop Grumman Corporation, Raytheon Technologies, and Lockheed Martin Corporation in North America further contributes to the market revenue.

Rekabetçi Ortam

The competitive landscape of the advanced missile defense system material market is characterized by various strategic approaches employed by key players to enhance their market share. These strategies encompass product innovations, contracts, partnerships, acquisitions, and business expansions, among others. Prominent players in the global advanced missile defense system market include Northrop Grumman Corporation, Lockheed Martin Corporation, BAE System plc, Thales, Safran SA, Raytheon Technologies, MBDA, Bharat Dynamics Limited, Hanwha Aerospace, and the Defence Research and Development Organisation (DRDO). These companies are actively seeking partnerships, collaborations, agreements, and contracts to expand their operations, establish a stronger global presence, drive revenue growth, and attract new customers.

The selection of these profiled companies is based on inputs received from industry experts and an analysis of their market coverage, product portfolio, and market penetration.

İçinde 2021, the leading players in the market were well-established companies offering advanced missile defense systems, accounting for approximately 90% of the market presence. The remaining 10% comprised emerging market participants, including start-up entities.

Key companies profiled in this report include 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.

Recent Industry Developments

In April 2022, Hyundai Heavy Industries and Israel Aerospace Industries (IAI) Ltd.. forged an agreement to supply radar systems to the Philippine Navy for its new Corvette vessels. According to the agreement, IAI will provide the Corvette fleet with its ALPHA 3D Radar, which is a derivative of the earlier MF-STAR system. This radar offers three-dimensional long-range air surveillance capabilities and can track targets up to a distance of 400 km. The integration of the radar into the Corvettes’ combat management system, manufactured by Hanwha Defense, will be a collaborative effort between IAI and Hyundai.

In March 2022, Raytheon Missiles & Defense completed a Series A investment in Firehawk Aerospace. This investment paves the way for collaboration between the two companies on research and development projects aimed at integrating Firehawk’s propulsion technology into future missile systems. Raytheon will identify key projects that leverage Firehawk’s technology for defense applications.

Also in March 2022, Lockheed Martin selected Raytheon Technologies to provide the second mission payload for 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 designed for early missile warning and detection of hypersonic threats. These satellites are scheduled to be launched into GEO orbit by 2025. Raytheon and Northrop Grumman were subcontracted to develop the mission payload designs, with Raytheon being selected once 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 the Tranche 1 Transport Layer (T1TL) mesh network. Valued at approximately $692 milyon, the contract involves the delivery of 42 low Earth orbit (LEO) satellites that will form a constellation for the T1TL network. The SDA is developing the T1TL network to provide low-latency, high-volume data transport to support global military operations of the U.S. military. These satellites will be an integral part of the JADC2 network, enabling ground and sea-based warfighters with battle management capabilities, missile tracking, and target custody.

In January 2022, Hanwha Defense signed a $3.5 billion contract with Tawazun, based in the United Arab Emirates (U.A.E.), for the supply of missile defense weapons systems. The contract includes the manufacturing of Cheongung II KM-SAM for the U.A.E.’s air missile defense. Hanwha will also provide the missile’s vertical launchers and ammunition resupply vehicles.

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