Missile Seekers Market Targeting a $6.8 Billion Valuation by 2026

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(/PRESS-RELEASE-2.HTML) Missile Seekers Industry
worth 6.8 billion by 2026 GLOBAL TOP 2000
STRATEGIST RELY ON US FOR THEIR GROWTH
STRATEGIES. KNMOWisMsOiRlEe S(/eKneokwleedrgsestIo
nred.ausps) try worth 6.8 billion by 2026 VIEW
FULL TABLE OF CONTENTS (HTTPS//WWW.MARKETSANDMARK
ETS.COM/MARKET-REPORTS/MISSILE-
SEEKERS-MARKET-78626710.HTML) METHODOLOGY
(HTTPS//WWW.MARKETSANDMARKETS.COM/MARKET-REPORTS/
MISSILE-SEEKERS-MARKET- 78626710.HTML) DOWNLOAD
PDF (/PDFDOWNLOADNEW.ASP?ID78626710) According
to a research report "Missile Seekers Market
(https//www.marketsandmarkets.com/Market-
Reports/missile-seekers-market-78626710.html) 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" View detailed Table of
Content here - https//www.marketsandmarkets.com/M
arket-Reports/missile-seekers-
market-78626710.html (https//www.marketsandmarket
s.com/Market-Reports/missile-seekers-market-
78626710.html) The 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 advanced missile firing and
defending capabilities by militaries of various
countries. These militaries
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ging nature of warfare was the Indian militarys
reply to the Pulwama attack, where the nes
destroyed a terrorist camp in Balakot (Pakistan)
using guided missiles. capabilities help
countries in defending themselves against rocket
and missile attacks. F(/)or 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
One example of the chan Indian Air Force fighter
pla Advanced missile defense
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the missiles fired by the defense system hit the
targets accurately. This fueled the development
of more advanced
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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
(https//www.marketsandmarkets.com/PressReleases/m
issile-defense-system.asp), and Barak 8 are
interceptor missiles used to defend against any
kind of airborne threats, such as helicopters
(https//www.marketsandmarkets.com/PressReleases/h
elicopters.asp), 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. 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.
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et in North America is driven by the increasing
need for advanced defense systems from ekers are
the systems used in missiles to guide them on the
right trajectory to accurately cent
technological developments in defense systems,
including guided missiles, have led t(o/) 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
The missile seekers mark the US military. Missile
se hit the desired targets. Re
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