Ground-based Aircraft And Missile Defense Systems Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ground-based Aircraft And Missile Defense Systems Market Analysis
The ground-based aircraft and missile defense systems market is anticipated to grow at a CAGR of more than 4% during the forecast period.
- The onset of the COVID-19 pandemic minimally impacted the global defense sector, and the effects of the disruption were also temporary. Though the lockdowns imposed by the government caused disruptions in supply chains, and a shortage of raw materials, countries across the globe increased their defense expenditures due to increasing conflicts among neighboring countries, cross-border disputes, and rising terrorist activities. This bolstered a strong recovery of the defense sector and showcased enhanced growth in defense equipment. Despite the pandemic, global defense expenditure reached almost USD 2 trillion in 2020.
- The current advancements in aircraft stealth technology and electronic warfare have necessitated the adoption of advanced aircraft and missile defense systems at strategically important military bases globally to sense, engage, and neutralize an incoming hostile asset or weapon before on-site detonation. The ongoing geopolitical rift among certain countries has increased instances of airspace violations for capturing critical surveillance data. Thus, several nations are investing in enhancing their defense capabilities by inducting new and improved ground-based aircraft and missile defense systems variants to detect any such incursion into their airspace.
- The ongoing war between Russia and Ukraine, political tensions between China and Taiwan, and growing terrorist activities worldwide increased the demand for advanced defense systems. Increased procurement of advanced fighter aircraft and missile defense systems drives the market's growth.
Ground-based Aircraft And Missile Defense Systems Market Trends
Missile Defense Systems is Projected to Show Highest Growth During the Forecast Period
- Missile defense systems will showcase remarkable growth during the forecast period. Due to the increased military spending by developed and developing economies worldwide, missile technology is witnessing rapid growth. Therefore, it becomes necessary for nations to safeguard their ground assets, such as classified military bases, etc., from an incoming missile threat.
- For instance, in August 2022, the Missile Defense Agency signed a contract worth more than USD 3 billion with Northrop Grumman to integrate and manage weapon systems within the Ground-based Midcourse Defense system. The system is designed to defend the US from intercontinental ballistic missiles from North Korea and Iran.
- Under the contract, the company will provide design, development, deployment, and sustainment support for new capabilities for the GMD weapon system program. Furthermore, European nations, such as Germany and France, are indigenously developing their missile defense systems to reduce their dependency on NATO and the US.
North America to Dominate the Market During the Forecast Period
- North America is projected to show remarkable growth during the forecast period. The growth is attributed to the increasing defense expenditure and rising procurement of next-generation missile defense systems from the US and Canada. According to the Stockholm International Peace Research Institute (SIPRI), the US is the largest defense spender in the world, with a defense budget of USD 801 billion.
- With potential adversaries, such as Israel, Russia, and China, fielding an increasingly diverse, expansive, and modern range of regional offensive missile systems that can threaten the US forces, its allies, and partners, the US Department of Defense (DoD) is actively expanding and modernizing the United States regional missile defense. The US has been testing improved variants of the Aegis SM-3 and SM-6 missiles and fielding a new sensor to increase Aegis missile defense capabilities significantly.
- The US DoD also plans to improve the capability and reliability of the Ground-based Midcourse Defense (GMD) system. The upgrades include equipping the recently deployed GBIs with an advanced booster and a more capable Exo-atmospheric Kill Vehicle (EKV). Such developments are envisioned to drive the market's growth prospects during the forecast period.
Ground-based Aircraft And Missile Defense Systems Industry Overview
A few key players dominate the market for ground-based aircraft and missile defense systems, including Lockheed Martin Corporation, Israel Aerospace Industries Ltd., Raytheon Technologies Corporation, THALES, and The Boeing Company, which collectively hold significant shares in the market. Many of these players are adopting automated manufacturing processes to speed up the production of aircraft and missile defense system components. For instance, Raytheon Technologies Corporation is utilizing robots to produce LTAMDS radar for air and missile defense systems, such as Patriot, at a rapid pace.
In addition to implementing automated manufacturing processes, market players are also prioritizing collaboration with one another to enhance production and promote the efficient exchange of technology and information. The Boeing Company, Raytheon Technologies Corporation, and Lockheed Martin Corporation are reportedly partnering with the US Missile Defense Agency (MDA) to develop the Multi-Object Kill Vehicle (MOKV) future ballistic missile defense technology. This collaboration is expected to result in significant advancements in missile defense technology.
Ground-based Aircraft And Missile Defense Systems Market Leaders
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The Boeing Company
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Lockheed Martin Corporation
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Raytheon Technologies Corporation
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THALES
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Israel Aerospace Industries Ltd.
*Disclaimer: Major Players sorted in no particular order
Ground-based Aircraft And Missile Defense Systems Market News
- February 2023: Saab AB has been awarded a contract from the Swedish Defence Materiel Administration to continue supporting the Ground-Based Air Defence (GBAD) systems of the Swedish Armed Forces. The contract is valued at approximately SEK 170 million and will cover the period of 2023-2025, with options for an additional three years.
- September 2022: The Boeing Company secured a significant ground-based midcourse defense (GMD) system integration, test, and readiness (SITR) contract with the US Missile Defense Agency (MDA). Valued at USD 5.02 billion, the contract involves providing GMD element engineering and integration, as well as logical and physical integration of GMD components and elements. This deal represents a major development in the field of missile defense technology and highlights the importance of the GMD system for national security purposes.
Ground-based Aircraft & Missile Defense Systems Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Anti-aircraft Systems
- 5.1.2 Missile Defense Systems
- 5.1.3 Counter-Unmanned Aerial Systems (C-UAS)
- 5.1.4 Counter-RAM (C-RAM)
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5.2 Range
- 5.2.1 Short
- 5.2.2 Medium
- 5.2.3 Long
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 France
- 5.3.2.3 Germany
- 5.3.2.4 Russia
- 5.3.2.5 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Brazil
- 5.3.4.2 Mexico
- 5.3.4.3 Rest of Latin America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Israel
- 5.3.5.4 Egypt
- 5.3.5.5 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 The Boeing Company
- 6.2.2 Raytheon Technologies Corporation
- 6.2.3 Lockheed Martin Corporation
- 6.2.4 Israel Aerospace Industries Ltd.
- 6.2.5 THALES
- 6.2.6 MBDA
- 6.2.7 Leonardo S.p.A.
- 6.2.8 Rafael Advanced Defense Systems Ltd.
- 6.2.9 Northrop Grumman Corporation
- 6.2.10 BAE Systems plc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ground-based Aircraft And Missile Defense Systems Industry Segmentation
Ground-based aircraft and missile defense systems are military defense systems designed to protect a region or specific location from incoming aircraft or missile attacks. These systems use ground-based sensors, radars, and other detection technologies to identify and track incoming threats. Once a threat is detected, the system can then launch an intercepting missile to destroy the incoming threat before it reaches its target.
The ground-based aircraft and missile defense systems market is segmented by type, range, and geography. By type, the market is segmented into anti-aircraft systems, missile defense systems, counter-unmanned aerial systems (C-UAS), and counter-RAM (C-RAM)). By range, the market is segmented into short, medium, and long. By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The market sizing and forecasts have been provided in value (USD billion) for all the above segments.
| Type | Anti-aircraft Systems | |
| Missile Defense Systems | ||
| Counter-Unmanned Aerial Systems (C-UAS) | ||
| Counter-RAM (C-RAM) | ||
| Range | Short | |
| Medium | ||
| Long | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| France | ||
| Germany | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Mexico | ||
| Rest of Latin America | ||
| Geography | Middle-East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Israel | ||
| Egypt | ||
| Rest of Middle-East and Africa |
Ground-based Aircraft & Missile Defense Systems Market Research FAQs
What is the current Ground-based Aircraft And Missile Defense Systems Market size?
The Ground-based Aircraft And Missile Defense Systems Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Ground-based Aircraft And Missile Defense Systems Market?
The Boeing Company, Lockheed Martin Corporation , Raytheon Technologies Corporation, THALES and Israel Aerospace Industries Ltd. are the major companies operating in the Ground-based Aircraft And Missile Defense Systems Market.
Which is the fastest growing region in Ground-based Aircraft And Missile Defense Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Ground-based Aircraft And Missile Defense Systems Market?
In 2024, the North America accounts for the largest market share in Ground-based Aircraft And Missile Defense Systems Market.
What years does this Ground-based Aircraft And Missile Defense Systems Market cover?
The report covers the Ground-based Aircraft And Missile Defense Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ground-based Aircraft And Missile Defense Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ground-based Aircraft And Missile Defense Systems Industry Report
Statistics for the 2024 Ground-based Aircraft And Missile Defense Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ground-based Aircraft And Missile Defense Systems analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
