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Interceptor Missiles Market Size
- Report ID: GMI2401
- Published Date: Feb 2020
- Report Format: PDF
Interceptor Missiles Market Size
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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| Interceptor Missiles Market Size in 2019: | USD 5 Billion (2019) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 5.8% |
| 2026 Value Projection: | USD 8 Billion (2026) |
| Historical Data for: | 2015 to 2019 |
| No. of Pages: | 240 |
| Tables, Charts & Figures: | 268 |
| Segments covered: | By Surface, By Range, Component and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Interceptor Missiles Market Scope
