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    Anti-Ship Missile Defence System Market

    ID: MRFR/A&D/3101-CR
    140 Pages
    Sejal Akre
    August 2019

    Anti-Ship Missile Defence System Market Research Report Information By Component (Missile Interceptor and Radar), By Application (Ballistic Missiles Defense and Conventional Missile Defense), By Launch Platform (Air, Surface and Submarine) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.

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    Anti-Ship Missile Defence System Market Summary

    The Global Anti-Ship Missile Defence System Market is projected to grow from 92.0 USD Billion in 2024 to 171.0 USD Billion by 2035.

    Key Market Trends & Highlights

    Anti-Ship Missile Defence System Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 5.79 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 171.0 USD Billion, indicating robust growth.
    • In 2024, the market is valued at 92.0 USD Billion, reflecting a strong foundation for future expansion.
    • Growing adoption of advanced missile defence technologies due to increasing geopolitical tensions is a major market driver.

    Market Size & Forecast

    2024 Market Size 92.0 (USD Billion)
    2035 Market Size 171.0 (USD Billion)
    CAGR (2025-2035) 5.79%

    Major Players

    BAE Systems, Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, Saab Group, Elbit Systems Ltd

    Anti-Ship Missile Defence System Market Trends

    Increased emphasis on maritime border security is driving market growth.

    Increased emphasis on maritime border security, high demand for laser anti-ship missile defense systems, and increased research and defense spending are some factors propelling the anti-ship missile defense systems market growth. Additionally, the anti-ship missile defense systems market is anticipated to benefit significantly from programs to upgrade and modernize naval combat systems. However, over the anticipated period, several factors, including the decline in some countries defense budgets, project delays and cancellations, and various drawbacks of conventional missile defense systems, are likely to restrain the market's ability to grow.

    The evolving geopolitical landscape appears to be driving nations to enhance their naval capabilities, thereby increasing the demand for advanced anti-ship missile defense systems to safeguard maritime interests.

    U.S. Department of Defense

    Anti-Ship Missile Defence System Market Drivers

    Increasing Geopolitical Tensions

    The Global Anti-Ship Missile Defence System Market Industry is experiencing growth driven by escalating geopolitical tensions among nations. Countries are increasingly investing in advanced missile defense systems to protect their maritime assets from potential threats. For instance, nations in the Asia-Pacific region are enhancing their naval capabilities amid territorial disputes in the South China Sea. This trend is expected to contribute to the market's expansion, with projections indicating a market value of 92.0 USD Billion in 2024. The focus on securing maritime trade routes further emphasizes the need for robust anti-ship missile defense systems.

    Market Segment Insights

    Anti-Ship Missile Defence System Component Insights

    Based on components, the anti-ship missile defense market segmentation includes missile interceptors and radar. The missile interceptors segment dominated the market. The missiles are made to deliver a large warhead precisely and over great distances. High subsonic, supersonic, or hypersonic speeds are all possible with modern cruise missiles. They can fly on a non-ballistic, extremely low-altitude trajectory and are self-navigating.

    Anti-Ship Missile Defence System Application Insights

    Anti-Ship Missile Defence System Application Insights

    The anti-ship missile defence market segmentation based on application includes ballistic missile defense and conventional missile defense. The ballistic missile defense category generated the most income. Ballistic missile defense is used to defend a nation's population and vital infrastructure from missile attacks by adversarial countries or rogue actors. During military operations, ballistic missile defense can be used to defend military installations, personnel, and equipment against enemy missile attacks. By providing a defense against incoming missiles, ballistic missile defense can help manage crises like a missile attack or the threat of a missile attack.

    Anti-Ship Missile Defence System Launch Platform Insights

    Anti-Ship Missile Defence System Launch Platform Insights

    Based on the launch platform, the anti-ship missile defence market segmentation includes air, surface and submarine. The air category generated the most income. Air missile launchers are vital to any modern military's defensive capabilities because they offer efficient defense against incoming missile and aircraft threats. Air missile launchers can be installed on various platforms, such as ships, land vehicles, and aircraft. They can be used in various environments as a result of their adaptability.

    Figure 1: Anti-Ship Missile Defence System Market, by Launch Platform, 2022 & 2032 (USD billion)

    Source Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Get more detailed insights about Anti-Ship Missile Defence System Market Research Report Information -Forecast to 2032

    Regional Insights

    By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia Pacific anti-ship missile defence system market will dominate this market. The rapid adoption of sophisticated missile launches and defense systems for tracking, detecting, and neutralizing incoming threats encourages the rapid modernization of naval combat systems and the switch to SBX-band radar, accelerating market growth.

    Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 2: ANTI-SHIP MISSILE DEFENCE SYSTEM MARKET SHARE BY REGION 2022 (%)

    ANTI-SHIP MISSILE DEFENCE SYSTEM MARKET SHARE BY REGION 2022 (%)

    Source Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Europe’s anti-ship missile defense market accounts for the second-largest market share, influenced by technological developments related to missile and missile defense systems and increased research and defense spending. Additionally, the anti-ship missile defense systems market is positively impacted by increased aviation safety regulations, the development of the air defense industry, increased defensive spending, and escalating international tensions. Further, the German anti-ship missile defence market held the largest market share, and the UK anti-ship missile defence market was the fastest growing market in the European region.

    The North American Anti-Ship Missile Defence System Market is expected to grow at the fastest CAGR from 2023 to 2032. It is anticipated to maintain its market dominance throughout the forecast period. The US's highest military spending primarily causes this. The nation is investing significantly in developing new missile systems and their defense. The budget for FY2022 allocates USD 20.3 billion and USD 10.9 billion, respectively, for the missile and munitions and missile defense programs.

    The nation intends to purchase the Hellfire missiles, Joint Air-to-Surface Missile (JASSM), Joint Direct Attack Munition (JDAM), Long Range Anti-Ship Missile (LRASM), and Standard Missile (SM)-6 under the Missiles and Munitions budget, while under the Missile Defense programs, the nation would purchase additional Standard Missile 3 Block IB and IIA missiles as well as the Terminal High Altitude Area Defense (THAAD) interceptors. Moreover, the US anti-ship missile defence market held the largest market share, and the CANADA anti-ship missile defence market was the fastest-growing in the Asia-Pacific region.

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the anti-ship missile defence market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The anti-ship missile defense industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the anti-ship missile defence industry to benefit clients and increase the market sector. The anti-ship missile defence industry has offered some of the most significant advantages in recent years. Major anti-ship missile defense market players, including BAE Systems Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, Saab Group, Elbit Systems Ltd and others, are attempting to increase market demand by investing in research and development operations.

    Saab Group, Saab provides the international market with industry-leading goods, services, and solutions ranging from civil security to military defense in all spheres. The market offering of Saab is extensive and includes both services with a high degree of repetition and complex systems that require significant research and development. With operations on every continent, Saab continuously creates, modifies, and enhances new technology to satisfy the varying demands of its clients.

    BAE Systems Lockheed Martin Corporation, our cutting-edge defense technology at BAE Systems, safeguards vital data and infrastructure while preserving individual and public safety. We look for fresh approaches to give our customers a competitive edge in the air, sea, land, and cyberspace. We collaborate closely with local partners to support economic development by transferring knowledge, skills, and technology. We have a skilled workforce of 90,500 employees across more than 40 countries.

    Key Companies in the Anti-Ship Missile Defence System Market market include

    Industry Developments

    For Instance, August 2022 The Philippines and BrahMos Aerospace Private Ltd signed a contract to buy anti-ship versions of the BrahMos supersonic cruise missile. This $375 million contract was the missile's first export purchase.

    For Instance, April 2022 The US Air Force, US Navy, and the militaries of 19 other nations, including the UK, Australia, Italy, Saudi Arabia, and Japan, have all requested AMRAAMs from Raytheon Missiles and Defense under a contract worth USD 972 million. According to Raytheon, this is the first contract to be made up entirely of AIM-120D3 and AIM-120C8 AMRAAMs with the most recent form, fit, function refresh (F3R) upgrades, which include enhanced circuit cards and other hardware in the AMRAAM's guidance section as well as updated software that will make the missiles more capable against advanced threats.

    Future Outlook

    Anti-Ship Missile Defence System Market Future Outlook

    The Anti-Ship Missile Defence System Market is poised for growth at 5.79% CAGR from 2024 to 2035, driven by technological advancements, increasing naval threats, and defense budget expansions.

    New opportunities lie in:

    • Develop AI-driven targeting systems for enhanced accuracy and response times.
    • Invest in modular defense solutions to cater to diverse naval platforms.
    • Forge partnerships with emerging naval powers to expand market reach and innovation.

    By 2035, the market is expected to demonstrate robust growth, reflecting evolving defense strategies and technological advancements.

    Market Segmentation

    Anti-Ship Missile Defence System Regional Outlook

    North America
    • US
    • Canada

    Anti-Ship Missile Defence System Component Outlook

    • Missile Interceptor
    • Radar

    Anti-Ship Missile Defence System Application Outlook

    • Ballistic Missiles Defense
    • Conventional Missile Defense

    Anti-Ship Missile Defence System Launch Platform Outlook

    • Air
    • Surface
    • Submarine

    Report Scope

    Anti-Ship Missile Defence System Report Scope
    Attribute/Metric Details
    Market Size 2024 USD 86.279 billion
    Market Size 2024 USD 92.0165535 billion
    Market Size 2032 USD 144.40 billion
    Compound Annual Growth Rate (CAGR) 5.79% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component, Application, Launch Platform and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled BAE Systems Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, Saab Group, Elbit Systems Ltd
    Key Market Opportunities Increased emphasis on maritime border security
    Key Market Dynamics high demand for laser anti-ship missile defense systems

    Market Highlights

    Author
    Sejal Akre
    Senior Research Analyst

    She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. Hands on expertise in management consulting, and extensive knowledge in domain including ICT, Automotive & Transportation and Aerospace & Defense. She is skilled in Go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.

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    FAQs

    How much is the anti-ship missile defence market?

    The anti-ship missile defence market size was valued at USD 86.279 Billion in 2023.

    What is the growth rate of the anti-ship missile defence market?

    The market is projected to grow at a CAGR of 5.79% during the forecast period, 2024-2032.

    Which region held the largest market share in the anti-ship missile defence market?

    Asia Pacific had the largest share of the market.

    Who are the key players in the anti-ship missile defence market?

    The key players in the market are BAE Systems, Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, Saab Group, and Elbit Systems Ltd.

    Which launch platform led the anti-ship missile defence market?

    The air category dominated the market in 2022.

    Which components had the largest anti-ship missile defence market share?

    The missile interceptor had the largest share of the market.

    Anti-Ship Missile Defence System Market Research Report Information -Forecast to 2032 Infographic
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