Missile Interceptor

Missile Interceptor Market Research Report - Forecast to 2023
Missile Interceptor Market Research Report Information by Launch Mode (Surface to Air and Surface to
Surface), Type (Endoatmospheric and Exoatmospheric), Range (Up to 125 Kms, 125 to 200 Kms, Above 200
Kms), and Region – Global Forecast till 2023
The missile interceptor is an anti-missile designed to counter missiles, such as intermediate range and intercontinental
ballistic missiles, launched from any country. With the rise in the number of border threats, national security concerns, and
changing nature of warfare, countries such as Russia and the U.S. are inclined towards enhancing their missile arsenal. They
are also modernizing their old missiles with new propulsion systems and warheads, among other upgrades. As a result,
higher investments are being made in the development of missile interceptors, which would witness a rapid growth during
the forecast period. However, major restraints of the market growth include high manufacturing cost and defense budget
constraints.
Increasing investments in missile interceptors will offer new growth opportunities to the market players. The factors
responsible for the growth of the missile interceptor market are the increase in number of cross-border threats and
increasing military expenses. Meanwhile, countries such as North Korea, have joined the arms race and are consistently
focusing on developing new and more destructive Intercontinental Ballistic Missile (ICBMs). Countries in the Middle East,
such as Iran, are supposedly developing ICBM despite nuclear sanctions.
There were a number of contracts that fueled the market growth. For instance, in 2018, Lockheed Martin signed an
agreement with the U.S. Missile Defense Agency to build anti-ballistic missile interceptors for missile defense. In the same
year, Boeing signed a contract with the U.S. Pentagon to build a network of missile interceptors as threats from North Korea
had increased. Raytheon, in 2017, in collaboration with the U.S. Navy, had launched the SM-3 Block IIA missile to test the
nosecone performance and steering control section functioning.
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