Missile Interceptor
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<strong>Missile</strong> <strong>Interceptor</strong> Market Research Report<br />
By Forecast To 2023<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2023<br />
PREPARED BY<br />
Market Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
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<strong>Missile</strong> <strong>Interceptor</strong> Market Research Report - Forecast to 2023<br />
<strong>Missile</strong> <strong>Interceptor</strong> Market Research Report Information by Launch Mode (Surface to Air and Surface to<br />
Surface), Type (Endoatmospheric and Exoatmospheric), Range (Up to 125 Kms, 125 to 200 Kms, Above 200<br />
Kms), and Region – Global Forecast till 2023<br />
The missile interceptor is an anti-missile designed to counter missiles, such as intermediate range and intercontinental<br />
ballistic missiles, launched from any country. With the rise in the number of border threats, national security concerns, and<br />
changing nature of warfare, countries such as Russia and the U.S. are inclined towards enhancing their missile arsenal. They<br />
are also modernizing their old missiles with new propulsion systems and warheads, among other upgrades. As a result,<br />
higher investments are being made in the development of missile interceptors, which would witness a rapid growth during<br />
the forecast period. However, major restraints of the market growth include high manufacturing cost and defense budget<br />
constraints.<br />
Increasing investments in missile interceptors will offer new growth opportunities to the market players. The factors<br />
responsible for the growth of the missile interceptor market are the increase in number of cross-border threats and<br />
increasing military expenses. Meanwhile, countries such as North Korea, have joined the arms race and are consistently<br />
focusing on developing new and more destructive Intercontinental Ballistic <strong>Missile</strong> (ICBMs). Countries in the Middle East,<br />
such as Iran, are supposedly developing ICBM despite nuclear sanctions.<br />
There were a number of contracts that fueled the market growth. For instance, in 2018, Lockheed Martin signed an<br />
agreement with the U.S. <strong>Missile</strong> Defense Agency to build anti-ballistic missile interceptors for missile defense. In the same<br />
year, Boeing signed a contract with the U.S. Pentagon to build a network of missile interceptors as threats from North Korea<br />
had increased. Raytheon, in 2017, in collaboration with the U.S. Navy, had launched the SM-3 Block IIA missile to test the<br />
nosecone performance and steering control section functioning.<br />
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<strong>Missile</strong> <strong>Interceptor</strong> Market Research Report - Forecast to 2023
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<strong>Missile</strong> <strong>Interceptor</strong> Market Research Report - Forecast to 2023<br />
The missile interceptor market has been segmented into launch mode, type, range, and region. Based on launch mode, it is<br />
expected that the surface to air segment is expected to witness the largest demand in the global market, during the forecast<br />
period, due to high usage and easy deployment of missiles on the ground. Based on type, exoatmospheric missiles are<br />
widely used and expected to comprise the largest share in the market due to rising demand for these missiles in emerging<br />
economies. For instance, in 2017, Defense Research Development Organization (DRDO), is a research and development<br />
organization of the Republic of India, had test fired indigenously designed and built Ashvin Advanced Defense interceptor<br />
missile to destroy incoming ballistic missiles. Based on range, up to 125 km are widely used and expected to comprise the<br />
largest share of the market due to the high demand for missiles, such as Iron Dome, Standard <strong>Missile</strong> 3 (SM-3), and Patriot<br />
Advanced Capability-3 (PAC-3). In 2014, Raytheon Company signed an agreement with Rafael Advanced Defense Systems<br />
Ltd to provide Iron Dome interceptor by protecting Israel’s population from incoming rockets.<br />
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin<br />
America. Europe is expected to grow at the fastest pace during the forecast period, due to high adoption of interceptor<br />
missiles across the region, such as Sweden and Romania. For instance, Lockheed Martin signed an agreement with Romania<br />
to provide Patriot Advanced Capability-3 (PAC-3) <strong>Missile</strong> Segment Enhancement (MSE) missiles and related support<br />
equipment to upgrade the defense system. Asia Pacific would follow Europe in the global market in terms of growth rate<br />
due to the high deployment of these missiles owing to rising cross-border threats. Thus, the missile interceptor market is<br />
estimated to witness rapid growth, at a CAGR of approximately 8%, from 2018 to 2023.<br />
The report for <strong>Missile</strong> <strong>Interceptor</strong> Market of Market Research Future comprises extensive primary research along with the<br />
detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the<br />
deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which<br />
includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic<br />
and governing factors in the market. The report provides details information and strategies of the top key players in the<br />
industry. The report also gives a broad study of the different market segments and regions.<br />
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<strong>Missile</strong> <strong>Interceptor</strong> Market Research Report - Forecast to 2023<br />
Key Players<br />
The key players in the missile interceptor market are Lockheed Martin Corporation (U.S.), Boeing (U.S.), Raytheon Company<br />
(U.S.), Aerojet Rocketdyne (U.S.), Rafael Advanced Defense Systems Ltd (Israel), China Aerospace Science and Technology<br />
Corporation (China), Bharat Dynamics Limited (India), MBDA (France), Thales Group (France), and Northrop Grumman<br />
Corporation (U.S.).<br />
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