ID: MRFR/A&D/3101-CR | August 2019 | Region: Global | 140 pages
The global anti-ship missile defense system market is marked with growth potential in the coming years. The factors that influence the demand for anti-ship missile defense system are high demand for laser anti-ship missile defense systems, increasing R&D investments, and greater emphasis on maritime border security. The major trends and opportunities in the anti-ship missile defense system market are the modernization of naval combat systems and the transition to SBX-band radar.
The major challenges and that can restrain the market growth are the defense budget cuts, delays and project cancellations, and shortcomings of the conventional missile defense systems. As per MRFR analysis, the global anti-ship missile defense system market was valued at USD 9,014.2 million in 2018 which is expected to reach USD 13,984 million by 2025 with 6.65% CAGR during the forecast period, 2018–2025.
Segmentation of the Global Anti-Ship Missile Defence System Market
The global anti-ship missile defense system market has been segmented based on component, application, launch platform, and region. Based on component, the missile interceptor segmented accounted for the largest market share of 45.69% in 2018 and is projected to grow at 13.69% CAGR during the forecast period. Based on application, the global market has been divided into ballistic missiles defense and conventional missile defense. The ballistic missiles defense segment accounted for the largest market share of 48.36%, in 2018, during the forecast period. Based on launch platform, the market has been segmented by air, surface, and submarine. The submarine segment accounted for the largest market share of 42.36%, in 2018, during the forecast period.
Based on region, Asia-Pacific has the largest demand for the anti-ship missile defense system. The Anti-ship missile defense system market is emerging in countries such as China, India, and Japan, and is estimated to grow at a high rate in the forecast period. North America is anticipated to grow a high rate of growth in anti-ship missile defense system market over the coming years, owing to an increase in defense activities such as border security and threat detection.
The key players in the global anti-ship missile defense system market are BAE Systems (UK), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), Saab Group (Sweden), Elbit Systems Ltd (Israel), Israel Aerospace Industries Ltd. (Israel), Rafael Advanced Defense Systems (Israel), and General Atomics (US), MBDA (France), and General Dynamics (US).
The market values and forecast are derived using the Market Research Future (MRFR) research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
MRFR offers report customization to valued customers. Below are the options available for customization:
In-depth profiling of additional market players (3 to 4 companies)
Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)
Frequently Asked Questions (FAQ) :
The regional market of the APAC is estimated to hold the reigns for growth in the global market.
USD 13,984 million is predicted to be acquired by the global market by 2025
With a 6.65% CAGR, the market is estimated to see transformative growth in the future.
General Atomics (US), MBDA (France), and Rafael Advanced Defense Systems (Israel) are the leaders in the market.
The demand for laser anti-ship missile defense systems is estimated to open up options for growth.