The global interceptor missiles market size will grow by USD 1.62 billion during 2019-2023. The report provides a detailed analysis of the market by product (land-to-air missile and ship-to-air missile) and geography (Americas, APAC, Europe, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Lockheed Martin Corp., MBDA, Raytheon Co., Thales Group, and The Boeing Co.
Key Insights on the Interceptor Missiles Market - Global forecast 2019-2023
Browse complete ToC and LoE with selected illustrations and example pages of the Interceptor Missiles Market.
Industry Overview
Several countries including the US, the UK, France, Russia, China, India, Israel, Pakistan, and Iran are developing or have proven capabilities to launch ballistic missiles with multiple independently targetable reentry vehicle (MIRV). The payload of these missiles consists of multiple warheads which disperse to attack different targets during reentry thereby causing more damage than missiles with a single warhead. This has driven countries to increase their investments in the development of multi-object kill vehicle (MOKV) missile defense systems to combat ballistic missiles with MIRV payload. The development of MOKVs has been identified as one of the critical interceptor missiles market trends influencing the growth of the market throughout the next five years.
As interceptor missiles have a limited useful life and are a consumable part of a missile defense system, its demand will always remain once a missile defense system is developed or acquired. The useful life of an interceptor missile varies depending upon the deployment status. If the missile is never deployed it will last for the standard shelf life. However, the shelf life reduces once the missile is deployed. Once the interceptor missile completes its useful life, it is disposed off safely. Hence, with an increase in the stockpile of interceptor missiles and the rise in number of deployed or active missile defense systems, the demand for replacing existing packaged or deployed missiles will also grow. The requirement for replacing missiles coupled with the increase in the number of automatic launch centers is expected to fuel the growth of the interceptor missiles market at a CAGR of over 8% during the forecast period.
Top Companies in Interceptor Missiles Market
The global interceptor missiles market is concentrated. To enable clients, improve their market position, the report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, the interceptor missiles market research report also includes information on the upcoming trends and challenges that will influence market growth and will aid companies in creating strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading interceptor missiles manufacturers, including:
- Lockheed Martin Corp.
- MBDA
- Raytheon Co.
- Thales Group
- The Boeing Co.
Market Segmentation
Interceptor Missiles Market by Product
- Land-to-air missile
- Ship-to-air missile
The land-to-air missile market segment will account for the highest interceptor missiles market share. The rise in sales and deployment of missile defense systems by the US and Russia in homeland and ally countries is expected to boost interceptor missiles market growth in the segment. The report provides an accurate prediction of the contribution of all the segments to the growth of the interceptor missiles market size.
Interceptor Missiles Market by Region
- Americas
- APAC
- Europe
- MEA
With a complete study of the growth opportunities for companies, it has been identified that the Americas will account for the highest share of the interceptor missiles market throughout the forecast period. The increase in the number of Aegis Ashore systems operated by the US will be a major factor responsible for the growth of the interceptor missiles market in the region.
Major Highlights of the Interceptor Missiles Market - Global Forecast 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the interceptor missiles market during the next five years
- Precise estimation of the global interceptor missiles market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the interceptor missiles industry across APAC, Europe, MEA, and the Americas
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of interceptor missiles companies
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