Insights Into The Anti-Ship Missile Defence System Market’s Growth Opportunities Through 2023-2032 – Includes Anti-Ship Missile Defence System Market Size
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The increase in the number of wars throughout the world is likely to stimulate innovation in the production of anti-ship missile defence systems, propelling the market during the forecast period.
The global anti-ship missile defence system market is expected to grow from $11.44 billion in 2022 to $12.10 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The global anti-ship missile defense system market size is expected to reach $14.90 billion in 2027 at a CAGR of 5.3%.
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Global Anti-Ship Missile Defence System Market Segments Include:
- By Component: Missile Interceptor, Radar
- By Launch Platform: Air, Surface, Submarine
- By Application: Ballistic Missiles Defense, Conventional Missile Defense
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global anti-ship missile defence system market in 2021.
Major Market Players in the anti-ship missile defence system market include BAE Systems Plc., General Dynamics Corporation, Leonardo S.p.A., Lockheed Martin Corporation, MBDA Inc., Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd.
Technological developments are a crucial trend that is gaining traction in the market for anti-ship missile defence systems. To maintain their market position, major businesses in the anti-ship missile defence system are creating revolutionary technology. For example, Lockheed Martin Corporation, a security and aerospace corporation based in the United States, will build six next-generation AGM-158C Long-Range Anti-Ship Missiles (LRASM) for the United States Air Force in March 2022. These missiles are designed to attack high-value enemy targets such as aircraft carriers, troop transport ships, and guided-missile cruisers. The missile employs a multi-mode sensor suite, weapon data connection, and enhanced digital anti-jam global positioning system (GPS) to find and kill large targets inside groups of ships at sea.
The Anti-Ship Missile Defence System Global Market Report 2023 provides a anti-ship missile defence system market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The anti-ship missile defence system market forecast analyzes anti-ship missile defence system market size, anti-ship missile defence system market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Anti-ship missile defence (ASMD) systems are defence systems designed to protect navy warships from anti-ship missile threats. Anti-ship missiles are guided missiles designed to target and destroy naval vessels.
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