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.
Europe Missiles & Missile Defense Systems Market Leaders
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Saab AB
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Lockheed Martin Corporation
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THALES
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MBDA
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RTX Corporation
*Disclaimer: Major Players sorted in no particular order
