Missile Defense System Market

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Missile Défense System Market Trends, Size,
Share, Demands, Overview, Growth, Revenue and
Forecast to 2030
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Sternal Closure Systems Market Trends Forecast
Till 2030
Missile Defense System Market by Technology (Fire
Control System, Weapon System, Countermeasure
System, and Command and Control System), Range
(Short, Medium, and Long), Threat type, Domain
(Ground, Air, Marine, and Space), and region
(North America, Europe, Asia-Pacific, Middle East
and Africa and South America).
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fence-system-market
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Market Overview
Missile defense is a system, weapon, or
technology involved in the detection, tracking,
interception, and destruction of attacking
missiles. Conceived as a defense against
nuclear-armed intercontinental ballistic missiles
(ICBMs), its application has broadened to include
shorter-range non-nuclear tactical and theatre
missiles. The increasing defense budget to
modernize the army, navy, and air force will
drive the growth and development of the missile
defense system market. The changing geopolitical
dynamics, which highlight the critical nature of
having robust surveillance and defensive
infrastructure and systems to protect countries
from untoward aggression, will increase
investments in developing new army, naval, and
air missile defense systems. Purchase this
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efence-system-market
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Key Findings
The Missile Défense System Market is segmented
into technology, range, threat type, domain and
region The technology segment is further
fragmented into Fire Control System, Weapon
System, Countermeasure System, and Command
Control System. The weapon system segment is
anticipated to dominate the market during the
forecast period. The range segment is further
fragmented into Short, Medium, and Long. The
short-range segment is expected to dominate the
market during the forecast period. Increasing
threats of intermediate-range missile launches
and asymmetric warfare are some of the factors
fuelling the growth of the missile defense system
market.
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Key Findings
The threat type segment is further segmented into
Subsonic Missiles, Supersonic Missiles, and
Hypersonic Missiles. The hypersonic missile
segment is anticipated to lead the market and has
the highest CAGR during the forecast period.
Technological advancements, continuous RD, as
well as the need for advanced missile defense
systems across the globe are some of the major
factors driving the growth of the threat-type
segment of the missile defense system
market. The market is also divided into various
regions such as North America, Europe,
Asia-Pacific, South America, and Middle East and
Africa. North America is estimated to account for
the largest market share during the forecast
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ile-defence-system-market
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Competitive Landscape

• Bae Systems plc
• General Dynamics Corporation
• Leonardo Spa
• Lockheed Martin Corporation
• MBDA
• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• Rheinmetall AG
• Thales Group
• The Boeing Company

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Recent Developments
In 2021, the US Army Contracting Command issued a
USD 11.62 million FMS modification contract to
Northrop Grumman to install its Integrated Air
and Missile Defense Battle Command System (IBCS)
in Poland with an estimated completion date of 31
December 2025.  In 2020, Boeings Huntsville
operation was awarded a USD 249 million contract
modification in support of the only operationally
deployed missile defense capable of shielding the
entire US against long-range ballistic missile
attacks.
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Contact Information
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