Companies are increasing their presence in the missile and missile defense system market through long-term partnerships and contracts with government agencies and armed forces. For instance, in December 2021, Raytheon Missiles & Defense was awarded a contract worth USD 578 million to manufacture 54 SM-2 Block IIIAZ all-up round upgrades for the United States and 215 Standard Missile-2 all-up rounds (SM-2 Block IIIA, IIIAZ, and IIIB variants) for seven partner nations (Chile, Denmark, Japan, the Netherlands, South Korea, Spain, and Taiwan). Furthermore, the companies that are continuously investing in the R&D of new missiles have been fostering the advancements in accuracy and efficiency of integrated weapon technologies and associated products and solutions of the missiles and missile defense systems. For more vital insights: https://lnkd.in/gA24P_4H

1. The missiles and missile defense systems
market is anticipated to attain a CAGR
of 8% over the period 2022-2031?
DID YOU KNOW THAT

2. By Range
Short
Medium
Intermediate and
Intercontinental
By Missile Type
Missile Defense Systems
Anti-aircraft Missiles
Anti-ship Missiles and
Anti-tank Missiles
By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
MARKET SEGMENTATION

3. INTERCONTINENTAL MISSILES ARE RISING
Military powerhouses, such as the United States, the
United Kingdom, China, and India, have been focused on
augmenting their military firepower and defensive
capabilities
The range and warhead carrying capacity of the
intercontinental missiles are driving the potential
investments toward the development of advanced ballistic
missiles
In October 2021, the Indian Army completed the first user trial of
the Intercontinental-range Ballistic Missile (ICBM) Agni-V, which
has a range of over 5,000 km. The Agni-V ICBM was developed by
Bharat Dynamics Limited and the Defence Research &
Development Organisation (DRDO)

4. GEOGRAPHIC OVERVIEW
The FY2022 budget of the
United States entails USD
20.3 billion and USD 10.9
billion for missiles and
munitions and missile defense
programs
In March 2021, the US Department
of Defense awarded two research
and development contracts to
Lockheed Martin and Northrop
Grumman for the Next Generation
Interceptor (NGI)
In April 2021, Lockheed Martin
Canada awarded a contract to
MBDA to deliver and install a Sea
Ceptor air defense weapon system
on the new Canadian Surface
Combatant (CSC) of the Royal
Canadian Navy

5. In January 2022, the Philippines signed
an agreement with BrahMos Aerospace
Private Ltd for the procurement of an
anti-ship variant of the BrahMos
supersonic cruise missile. The contract is
the first export order for the missile and
is worth USD 375 million
MAJOR ADVANCEMENTS IN MISSILE
DEFENSE SYSTEMS
In November 2021, MBDA announced
that the company completed the final
test firing of the Marte ER anti-ship
missile. However, the warhead of the
missile is inert, unlike the live one in the
standard missile. The missile system is
expected to become operational by 2022

6. COMPETITIVE ANALYSIS
The missiles and missile
defense system market is
fragmented
and many more...

7. 80% of our clients seek made-to-order
reports. How do you want us to tailor yours?
GET IN TOUCH
www.mordorintelligence.com Info@mordorintelligence.com +1 617-765-2493