Missile Seekers Market worth $6.8 billion by 2026 at a CAGR of 5.2%

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The report on the Missile Seekers Market provides
a detailed trend analysis from 2018 to 2026. It
discusses industry and technology trends
currently prevailing in the market, along with
drivers, restraints, challenges,
and opportunities that influence the growth of
the market. The global missile seekers market
size is projected to grow from USD 5.3 billion
in 2021 to USD 6.8 billion by 2026, at a CAGR
of 5.2 from 2021 to 2026. The market is driven
by various factors, such as geopolitical
instabilities, changing nature of warfare,
increasing defense expenditure of emerging
economies and technological advancements in
missile seekers. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNe
w.asp?id78626710 Based on technology, The
missile seekers market will majorly be driven by
the growing demand for multi-mode seekers in the
forecasted year. Multi-mode guidance systems
make use of two or more missile seeker
technologies to improve accuracy. Terrestrial
Guidance (TERCOM) is one such hybrid system that
uses radar, global positioning system (GPS), and
digitized scene mapping area correlator (DSMAC)
together. Multi-mode missile seeker is used for
guidance of cruise missiles like AGM- 86B (US),
C-602 (China), Hyunmoo-III (South Korea),
etc. Based on missile type, the interceptor
missiles is projected to grow at the highest
CAGR for the missile seekers market during the
forecast period. Interceptor missiles are
anti-ballistic missiles used to counter ballistic
missiles like intercontinental and
intermediate-range ballistic missiles launched
from any enemy country and to counter aircraft
and other missiles. S400, Arrow 2, Arrow 3,
THAAD, Patriot missile defense system, and Barak
8 are interceptor missiles used to defend against
any kind of airborne threats, such as
helicopters, aircraft, UAVs, anti-ship missiles,
and ballistic missiles. The increasing
procurement of interceptor missiles by countries
such as India, South Korea, and Israel due to
rising geopolitical instabilities is driving the
growth of the interceptor missile segment. For
instance, in 2018, the Indian government signed
a contract worth USD 5.43 billion with the
Russian government to procure five regiments of
the S-400 missiles. Based on the launch mode,
the air-to-air segment is projected to grow at
the highest CAGR rate for the missile seekers
market during the forecast period. Air-to-air
missiles are launched from aircraft, helicopters,
or unmanned combat aerial vehicles (UCAVs) to
destroy enemy aircraft. The warhead types of
air-to-air missiles are fragmentation warheads
or continuous rod warheads. These missiles detect
their targets using radars or infrared guidance
systems and can fly at a very high speed. These
missiles are long and have narrow cross-sections
to reduce drag. Some of the
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air-to-air missiles are Astra, developed by the
Defence Research and Development Organisation
(India) Meteor, developed by MBDA (UK) and
Python, developed by Rafael Advanced Defense
Systems (Israel). North America is projected to
be the largest regional share of the global
missile seekers market during the forecast
period. The US is one of the leaders in the
missile seekers industry. The US is investing in
the development of air defense systems,
including surface-to-air guided missiles designed
to destroy other ballistic missiles in the air
itself, before they could do any damage. One such
missile is the MIM-104 Patriot developed by
Raytheon Technologies (US). Such developments
contribute to the growth of the missile seekers
market. Ask for Sample Report _at_ https//www.mark
etsandmarkets.com/requestsampleNew.asp?id78626710
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