Interceptor Missiles Market Size By Surface (Surface to Air, Water to Air), By Range (Short Range, Medium Range, Long Range), By Component (Infrared, Global Positioning System (GPS), Inertial Navigation System (INS), Radar homing, Semi-Active Lasers), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Feb 2020  |  Report ID: GMI2401  |  Authors: Ankita Bhutani, Preeti Wadhwani

Report Format: PDF   |   Pages: 240   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Interceptor Missiles Market size exceeded USD 5 billion in 2019 and is estimated to grow at a CAGR of over 5% between 2020 and 2026. The increasing application of UAVs to conduct air strikes is posing requirements of enhanced interceptor missiles capable of mitigating such threats.
 

Industry players are significantly investing in R&D to gain technological advancement and provide solution to such existing and future threats. For instance, in November 2019, Lockheed Martin demonstrated two Patriot Advanced Capability-3 (PAC-3) Cost Reduction Initiative interceptors to successfully intercept two incoming targets. The missiles broke their own record to eliminate air breathing target.
 

Interceptor Missiles Market

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Increasing participation of regional governments to improve their interceptor missile capabilities to secure their global political position will propel the interceptor missiles industry in coming years. For instance, in December 2019, India successfully test-fired two versions of BrahMos missile. It is a medium range supersonic ramjet missile with a strike range of 450 km.
 

Interceptor Missiles Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 5 Billion (2019)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 5.8% 2026 Value Projection: USD 8 Billion (2026)
Pages: 240 Tables, Charts & Figures: 268
Geographies covered (20): U.S., Germany, Poland, Netherlands, U.K., France, Romania, Russia, China, India, Japan, South Korea, Taiwan, UAE, Israel, Saudi Arabia, Turkey, Qatar, Brazil, Mexico
Segments covered: By Surface, By Range, Component and Region
Companies covered (22): Aerojet Rocketdyne, Airbus S.A.S., Almaz Antey, Barat Dynamics Limited, China Aerospace Science and Technology Corporation, Elbit Systems Ltd, General Dynamics Corporation, Hanwha Corporation, Israel Aerospace Industries, Kongsberg, L3Harris, Leonardo S.p.A, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Rafeal Advanced Defense Systems Ltd., Raytheon Company, Rheinmetall AG, Saab AB, Thales Group, Boeing, BAE Systems
Growth Drivers:
  • Change in investment trends of government in defense sector
  • Rise in defense budgets
  • Need of upgrading obsolete defense system
  • Political insurgencies and cross border conflicts
  • Introduction of new technologies
Pitfalls & Challenges:
  • Initialization of various treaties limiting the market scope
  • Limited client base & high involvement of government bodies
  • Significant R&D investment

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Shift in investment trends with increasing focus on arms and ammunition

The medium range interceptor missiles held over 30% market share in 2019 and is expected to witness 5% growth during the forecast period. Increasing demand for intercepting incoming ballistic and intercontinental ballistic missiles is promoting the medium range missile segment growth.
 

To cater to the rising demand, industry players are undergoing collaborations to provide technologically advanced programs. For instance, in 2017, Raytheon and Rafael Advanced Defense Systems introduced David’s Sling System, a medium range interceptor missile.
 

Integration of UAVs in aerial attacks demanding advanced interceptor missiles

Interceptor Missiles Market by Component

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The Inertial Navigation System (INS) component segment captured maximum interceptor missiles market share of over 30% in 2019, followed by the radar homing segment at more than 20% of the total industry share.
 

INS is a navigation device that maneuvers missiles by calculating their orientation, dead reckoning the position, and velocity of moving objects. INS do not require any external reference for maneuvering, making it the most versatile system. Integration of two navigation systems for enhanced accuracy and precision is among the major market trend.
 

Technological advancement to improve navigation system of missiles for improving interception capabilities will drive the market demand. For instance, in January 2019, the U.S. Army initiated a conversation with DoD and Pentagon to establish missile defense sensors in space, which will allow to monitor missile launches across the globe.
 

Increasing efforts to develop indigenous capabilities in Asia Pacific

Asia Pacific, Interceptor Missiles Market

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Asia Pacific held over 25% of the market revenue share in 2019 supported by increasing efforts of governments to develop indigenous manufacturing capabilities catering to the defense sector. Various government organizations are liquidating significant funds to upscale the existing market. This has resulted in the rise of the interceptor missiles market in Asia Pacific with capabilities demonstrating significant technological advancement.
 

For instance, in September 2018, India successfully tested a two-layer ballistic missile defense system through Prithvi Defense Vehicle (PDV). The missile was integrated with INS guidance and IR seeker, allowing it to operate precisely in dark.
 

Industry players focusing on new alliances and improving R&D

Prominent players operating in the market are focusing on undergoing strategic partnerships and joint ventures for the enhancement of existing product offerings and expanding their market share.
 

The established players operating in the industry are focused on developing innovative systems with enhanced features, such as extended range of missile and enhancement in detection capabilities, supporting the market share.
 

Some of the key interceptor missiles industry players include Bharat Dynamics Limited, China Aerospace Science and Technology Corporation, General Dynamics Corporation, Hanwha Corporation, Kongsberg, L3Harris Corporation, Rheinmetall AG, Saab AB, Thales Group, Leonardo S.p.A., Lockheed Martin, MBDA, Northrop Grumman Corporation, Rafeal Advanced Defense Systems Ltd, Aerojet Rocketdyne, Airbus S.A.S., and Israel Aerospace Industries.
 

The market research report for interceptor missiles includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:
 

Market by Surface

  • Surface to air
  • Water to air

Market by Range

  • Short range
  • Medium range
  • Long range

Market by Component

  • Infrared
  • Global Positioning System (GPS)
  • Inertial Navigation System (INS)
  • Radar Homing
  • Semi-Active Lasers
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
  • Europe
    • Germany
    • Poland
    • Russia
    • Netherlands
    • UK
    • France
    • Romania
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
  • MEA
    • Saudi Arabia
    • Israel
    • Turkey
    • UAE
    • Qatar
  • Latin America
    • Brazil
    • Mexico
       

Frequently Asked Questions (FAQ) :

The medium range interceptor missiles segment is expected to witness 5% growth during the forecast period due to increasing demand for intercepting incoming ballistic and intercontinental ballistic missiles.
Asia Pacific held over 25% of the interceptor missiles market revenue share in 2019 supported by increasing efforts of governments to develop indigenous manufacturing capabilities catering to the defense sector.
The Inertial Navigation System (INS) component segment captured maximum market share of over 30% in 2019, says this research report by GMI.
Some of the key market players include Bharat Dynamics Limited, China Aerospace Science and Technology Corporation, General Dynamics Corporation, Hanwha Corporation, Kongsberg, L3Harris Corporation, Rheinmetall AG, Saab AB, Thales Group, Leonardo S.p.A., Lockheed Martin, MBDA, Northrop Grumman Corporation, Rafeal Advanced Defense Systems Ltd, Aerojet Rocketdyne, Airbus S.A.S., and Israel Aerospace Industries.

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Premium Report Details

  • Published Date: Feb 2020
  • Pages: 240
  • Tables: 239
  • Charts / Figures: 29
  • Companies covered: 22
  • Countries covered: 20

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