Missile Seekers Market Size, Share, Industry Trends, Key Players and Forecast to 2026

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Missile Seekers Market Size, Share, Industry
Trends, Key Players and Forecast to
2026 According to a research report "Missile
Seekers Market by Technology (Active Radar,
Semi-active Radar, Passive Radar, Infrared,
Laser, Multi-mode), Missile Type (Interceptor,
Ballistic, Cruise, Conventional), Launch
Mode, and Region (North America, Europe,
APAC, RoW) - Forecast to 2026" published
by MarketsandMarkets, the 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. Browse 130 market data Tables
and 56 Figures spread through 186 Pages and in-
depth TOC on "Missile Seekers Market - Forecast
to 2026" Download PDF Brochure _at_ https//www.marke
tsandmarkets.com/pdfdownloadNew.asp?id78626710 Th
e missile seekers market includes major players
BAE Systems (UK), Boeing (US), Leonardo S.p.A.
(Italy), Raytheon Technologies (US), Safran Group
(France), Thales (France), and Northrop Grumman
Corporation (US). These players have spread their
business across various countries includes North
America, Europe, Middle East, Asia Pacific, and
Rest of the World. COVID-19 has impacted their
businesses as well. Industry experts believe
that COVID-19 has slightly affected missile
seekers production and services globally in
2020. Changing nature of warfare will drive the
demand for missile seekers The major factor
driving the missile seekers market is the
changing nature of warfare. The advancements in
technology have led to the development of new and
advanced defense systems, including air defense
systems and guided missiles for hitting moving
targets. The changing nature of warfare across
the globe has led to the acquisition of
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advanced missile firing and defending
capabilities by militaries of various countries.
These militaries are increasingly engaged in
low-intensity battles. One example of the
changing nature of warfare was the Indian
militarys reply to the Pulwama attack, where the
Indian Air Force fighter planes destroyed a
terrorist camp in Balakot (Pakistan) using guided
missiles. Advanced missile defense capabilities
help countries in defending themselves against
rocket and missile attacks. For instance,
Israels Iron Dome air defense system
prevented more than 2,500 missile and mortar
attacks with a success rate greater than 90. The
missile seeker in such a system plays the most
important role of making sure the missiles fired
by the defense system hit the targets accurately.
This fueled the development of more advanced air
defense systems, which use ground-to- air
missiles with guided seekers, with a success rate
greater than 90. Thus, the changing nature of
warfare has resulted in the increased demand for
highly advanced seekers for missiles from
militaries across the globe. The multi-mode
technology is projected to witness a higher CAGR
during the forecast period Based on technology,
the multi-mode technology are projected to grow
at the highest CAGR rate for the missile seekers
market during the forecast period. 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. The interceptor missiles is
projected to witness the highest CAGR during the
forecast period Based on the 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.
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Air-to-air launch mode projected to witness
highest CAGR during the forecast period 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. The North American market is projected to
contribute the largest share from 2021 to
2026 North America is projected to be the largest
regional share of the global missile seekers
market during the forecast period. Major
companies, such as Raytheon Technologies,
Northrop Grumman Corporation, and SemiConductor
Devices, and small-scale private companies, such
as Excelitas Technologies Corp, Marotta
Controls, and KODA Technologies Inc., are based
in the US. These players continuously invest in
the RD of new improved missile seeker
designs. The missile seekers market in North
America is driven by the increasing need for
advanced defense systems from the US military.
Missile seekers are the systems used in missiles
to guide them on the right trajectory to
accurately hit the desired targets. Recent
technological developments in defense systems,
including guided missiles, have led to the
increased demand for more efficient missile
seekers. Canada has shown no interest in
developing its own missile systems the country
relies on the US for its defense systems,
including missile systems. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id78626710
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