The emergence of advanced naval defense technologies has changed the defense industry. Due to the global proliferation of progressively sophisticated arms, an imperative need to reassess the current approach to naval fleet operations has emerged. To address this need, anti-ship missile defense systems have come into existence.
Anti-Ship Missile Defense System Market was valued at USD 9,014.2 million in 2016, which is expected to reach USD 13,984 million by 2023 with a CAGR 6.65% during the forecast period 2017-2023
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The global anti-ship missile defence system market is marked with growth potential in the coming years. The factors that influence the demand for anti-ship missile defence system are high demand for laser anti-ship missile defense systems, increasing R&D investments, and greater emphasis on maritime border security. The major trends and opportunities in the anti-ship missile defence system market are modernization of naval combat systems and transition to SBX-band radar. The major challenges and that can restrain the market growth are the defense budget cuts, delays and project cancellations and shortcomings of the conventional missile defense systems. As per MRFR analysis, the global anti-ship missile defence System market was valued at USD 9,014.2 million in 2016 which is expected to reach USD 13,984 million by 2023 with a CAGR 6.65% during the forecast period 2017-2023.
Owing to the growing possibilities of attacks through sea routes and increasing investments in enhancing naval capabilities by many hostile countries, it has become increasingly important to establish an enhanced deterrent that can combat maritime threats. Many countries are in the process of augmenting their maritime border security capabilities to ensure that illegal and hostile infiltration does not take place in their territories. At the same time, major defense contractors are enhancing the existing anti-ship missile defense systems to cater to global defense and security needs.
Scope of the Report:
This study provides an overview of the global anti-ship missile defense systems market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next 6 years for each region. The scope of the study segments the global anti-ship missile defense systems market by its component, application and regions.
The major players operating in global anti-ship missile defence system market, who have adopted the strategies such as geographic expansion, mergers, and acquisitions are Lockheed Martin, Leonardo S.p.A, Raytheon, General Dynamics, Rafael Advanced Defense Systems, Saab Group, Northrop Grumman, Thales Group, MBDA and BAE Systems.
- Missile Interceptor
- Ballistic Missiles Defense
- Conventional Missile Defense
- North America
- Asia Pacific
- Rest of the World
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