How big is the Europe Missiles And Missile Defense Systems Market?

The Europe Missiles And Missile Defense Systems Market size is expected to reach USD 3.79 billion in 2024 and grow at a CAGR of 4.94% to reach USD 4.83 billion by 2029. Read More

What is the current Europe Missiles And Missile Defense Systems Market size?

In 2024, the Europe Missiles And Missile Defense Systems Market size is expected to reach USD 3.79 billion. Read More

Who are the key players in Europe Missiles And Missile Defense Systems Market?

Saab AB, Lockheed Martin Corporation, THALES, MBDA and RTX Corporation are the major companies operating in the Europe Missiles And Missile Defense Systems Market. Read More

What years does this Europe Missiles And Missile Defense Systems Market cover, and what was the market size in 2023?

In 2023, the Europe Missiles And Missile Defense Systems Market size was estimated at USD 3.61 billion. The report covers the Europe Missiles And Missile Defense Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Missiles And Missile Defense Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Missiles And Missile Defense Systems Market Share

Statistics for the 2023 & 2024 Europe Missiles And Missile Defense Systems market share, created by Mordor Intelligence™ Industry Reports. Europe Missiles And Missile Defense Systems share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Europe Missiles And Missile Defense Systems Industry

The European missile and missile defense systems market is semi-consolidated and dominated by MBDA, Saab AB, Lockheed Martin Corporation, THALES, and RTX Corporation. The market is witnessing a significant investment in research and development, and many missile manufacturers are collaborating and forming joint ventures to share technologies and expertise. Key players are generating revenue by selling missiles and missile defense systems to national and foreign governments. For instance, Saab AB signed a framework agreement with the government of a Western country and received orders within the agreement for several defense systems. The total order value is approximately USD 800 million, with deliveries planned for 2023–2026. Similarly, in February 2023, MBDA and THALES (Franco-Italian consortium Eurosam) were awarded a contract for the production of 700 ASTER medium-range surface-to-air anti-aircraft missiles for France and Italy. As per the contract, Italy and France will get the Aster 15, Aster 30B1, and the latest version of Aster 30 B1NT missiles.