Missile Seekers Market Size, Key Players, Analysis and Forecast to 2026 - PowerPoint PPT Presentation

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Missile Seekers Market Size, Key Players, Analysis and Forecast to 2026

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The global 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. – PowerPoint PPT presentation

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Title: Missile Seekers Market Size, Key Players, Analysis and Forecast to 2026


1
Missile Seekers Market Size, Key Players,
Analysis and Forecast to 2026 According to a
research report "Missile Seekers Market by
Technology (Active Radar,
Semi-active Radar, Passive Radar, Infrared, Laser,
(Interceptor, Ballistic, Cruise,
Conventional), Launch
Multi-mode), Missile Type 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
increasing defense of emerging
of warfare, expenditure 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" Download PDF Brochure _at_ https//www.marketsa
ndmarkets.com/pdfdownloadNew.asp?id78626710 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
are increasingly engaged in low-intensity battles.
2
One example of the changing nature of warfare was
the Indian militarys reply to the Pulwama
attack, where the Indian Air Force fighter planes
destroyed a terrorist camp in Balakot (Pakistan)
using guided missiles. Advanced missile defense
capabilities help countries in defending
themselves against rocket and missile attacks.
For 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 the
missiles fired by the defense system hit the
targets accurately. This fueled the development
of more advanced air defense systems, which use
ground-to- air missiles with guided seekers, with
a success rate greater than 90. The multi-mode
technology is projected to witness a higher CAGR
during the forecast period Based on technology,
the multi-mode technology is 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, and Barak
8 are interceptor missiles used to defend against
any kind of airborne threats, such as
helicopters, 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
3
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. The missile seekers market in North
America is driven by the increasing need for
advanced defense systems from the US military.
Missile seekers are the systems used in missiles
to guide them on the right trajectory to
accurately hit the desired targets. Recent
technological developments in defense systems,
including guided missiles, have led to the
increased demand for more efficient missile
seekers. Ask for Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id78626710 About MarketsandMarkets Marketsa
ndMarkets provides quantified B2B research on
30,000 high growth niche opportunities/threats
which will impact 70 to 80 of worldwide
companies revenues. Currently servicing 7500
customers worldwide including 80 of global
Fortune 1000 companies as clients. Almost 75,000
top officers across eight industries worldwide
approach MarketsandMarkets for their
painpoints around revenues decisions. Marketsand
Marketss flagship competitive intelligence and
market research platform, "Knowledgestore"
connects over 200,000 markets and entire value
chains for deeper understanding of the unmet
insights along with market sizing and forecasts
of niche markets. Contact Mr.Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441
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