Missile Defense System Market

Missile Defense System Market Size by Range (Long Range, Medium Range, & Short Range), Technology (Countermeasure System, Fire Control System, Command & Control System, & Weapon System), Threat Type, Domain, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12765
  • Published Date: May, 2022
  • Pages: 236
  • Category: Aerospace & Defence
  • Format: PDF
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The global missile defense system market is expected to reach USD 38.81 billion by 2030, at a CAGR of 4.63% from 2022 to 2030. Missile defense system market growth would be driven by the increasing defense budget of countries globally. With the rise in the number of cross-border conflicts, the need to protect national assets and the population in instances of unjustified aggression has become paramount to the federal governments worldwide. The technological advancements in offensive technologies with the ability to strike targets without being intercepted have called for the development of sophisticated and modern defensive and surveillance technologies to destroy such stealth weaponry and protect nations. The effectiveness of Israel’s iron dome in protecting the military and civilian assets by intercepting hundreds of rockets and missiles fired by Hamas has displayed the need to have missile defense systems in the military’s arsenal. The Russian invasion of Ukraine has highlighted the need to have robust national defense apparatus in place equipped with the latest technologies to protect one's country and defend its sovereignty.

Market Overview:

In the contemporary world, the nuisances of modern warfare are filled with the development and applications of new, faster, and lethal missiles and rockets. The technological advancements and increased accessibility to capital have led to the development of missiles capable of reaching targets that are 5000 km away with a speed that is five times the speed of sound. The US, UK, India, China, and North Korea all have focused on developing missiles that can reach targets inside the enemy lines and destroy them with precision. The aim is to display the prowess of its military capabilities so that deterrence works effectively to avoid all-out war. Missiles with the ability to evade surveillance and strike targets are being developed at a greater pace considering the precarious security calculations that have come to the forefront after the Russian invasion of Ukraine. Missile defense systems are designed to identify incoming missiles that enter a nation's sovereign airspace, assess their trajectory, likely target, and impact to intercept and neutralize them in time to prevent any destruction. The development of missiles with better striking capabilities and the need to have equally advanced surveillance and defensive systems to intercept such missiles has garnered the attention of every country's security and military establishments. By intercepting the incoming missiles meant to destroy strategic military posts, communication systems, military assets, civilian infrastructure, and other critical sovereign apparatus, missile defense systems ensure the country's survival in war and increase its chances of winning it. In the absence of surveillance and defensive systems, strategically important missiles, rockets, and other offensive weaponry can be destroyed, rendering them useless and degrading the military capabilities. Therefore, countries need to invest in sophisticated missile defense technologies on the same lines as they do to develop advanced missiles.

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Market Dynamics:

Drivers:
  • Increasing defense expenditure

The wars in the contemporary world have evolved to include advanced weaponry that can strike enemy targets without personnel's direct or physical involvement. With the advent of new technological innovations, better missiles with increased range, precision, and effectiveness are being developed by sovereign governments in collaboration with private players. The increasing territorial conflicts amongst nations and the rising number of non-state actors promoting terrorism, both with the access to such advanced military weaponry and missiles, have increased the security threat for any sovereign nation. To protect the country and its population from these state and non-state actors with access to sophisticated missile tech, an increase in the defense budget is being witnessed globally. The increasing expenditure is focused on developing systems that can defend the country from these high-end lethal missiles. The increase in the defense budget will positively contribute to the growth of the defense missile systems market.

Restraints:
  • High capital expenditure

Missile defense system market growth would be hampered by the extensive capital expenditure required to develop and produce such systems. Missile defense systems are created in line with specific objectives of assessing the airspace, identifying incoming threats, mapping their trajectory, and intercepting it precisely before it strikes their target. The production and assemblage of these systems involve various high-end components with the best technologies. Manufacturing the components of these systems and their assemblage requires skilled engineers and other experts, considering the accuracy they need to achieve while intercepting high-speed cruise/supersonic/hypersonic missiles. Furthermore, each defense weaponry must undergo various trials before being officially inducted into the army's arsenal. All these factors increase the production costs of the missile defense systems exponentially and restrict the market's growth.

Opportunities:
  • The growing integration of artificial intelligence (AI) with missile defense systems

The developments and innovations made in artificial intelligence over the past few years have made them more compatible with the current needs of today's population. AI is integrated into manufacturing, agriculture, retail, fashion, services, and other sectors. The induction of AI in the missile defense system is also gaining traction with increased defense expenditure globally. AI enables missile defense systems to expand their scope of surveillance and improve their target identification with better imaging and navigation. Faster data processing, and diagnosis, all of which help the missile defense systems intercept incoming missiles early with precision and accuracy, can be achieved with AI. More advancements that would allow artificial intelligence to improve surveillance will aid in the expansion of missile defense systems.

Challenges:
  • Integration with the conventional launch and communications systems

The newly developed advanced and high-end missile defense system systems have to be integrated into the conventional army defenses for its operation. They need to be compatible with the existing sensors, killing machines, command control, communications systems, and battle management control to deliver their objectives effectively. Such processes are complex and must be performed with the utmost care by experts. Also, the technology transfer accompanied by such defense systems is difficult. The regulatory compliances with international laws further complicate the process. The risk of attracting sanctions from one country by purchasing a missile defense system from another restricts the market's growth. For example, the CAATSA was invoked by the US government to impose sanctions on Turkey for their purchase of the S-400 (missiles defense system), which Russia manufactures.

Segmentation Analysis:

The global missile defense system market has been segmented based on range, technology, threat type, domain, and regions.

  • The range segment is divided into long-range, medium-range, and short-range. The medium-range segment dominated the market, with a market share of around 46% in 2021. Any country's possible national security threats are suspected or expected from an immediate hostile neighborhood. Border disputes or other territorial conflicts are the primary reason for hostility among neighbors. Countries increasingly spend money developing intermediate-range or medium-range ballistic or cruise missiles capable of destroying their neighbor's targets. Along similar lines, medium-range missile defense systems are developed on a greater scale than other ranges to intercept the medium-range missiles from neighboring countries. Therefore, medium-range defense missiles dominate this segment because they allow countries to neutralize the most likely threat of medium-range ballistic and cruise missiles.
  • The technology segment is divided into countermeasure systems, fire control systems, command & control systems, & weapons systems. Over the forecast period, the weapons system segment is expected to grow at the fastest CAGR of 5.52%. The integration of weapons systems allows the operator to control a range of weapons, functions, and commands with ease, increasing the efficiency of the defense systems. Weapon systems are automated with the ability to control and operate specific weaponry. The increasing use of artificial intelligence to improve the operations and efficiency of weapons systems will provide the necessary impetus for the growth of this market.
  • The threat type segment is divided into subsonic missiles, supersonic missiles, and hypersonic missiles. In 2021, the supersonic missiles segment dominated the market, accounting for around 47% of global revenue. Supersonic missiles provide more flexible maneuverability, have better precision and striking rate, and travel without radio communication. Supersonic missiles can oppose the air defense systems with their radar-evading capabilities. Therefore, supersonic missile defense systems will witness growth in the forecast period, given these missiles' high threat.
  • The domain segment is divided into ground, marine, and air. The ground segment dominated the market, with a market share of around 48% in 2021. The growing production of land-attack cruise missiles with increased range, robust propulsion systems, and precision strike capabilities have highlighted the need to have ground-based missile defense systems to protect the country from earlier mentioned missiles.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North American region emerged as the largest market for the global missile defense system, with a 40.51% share of the market revenue in 2021.

  • North America currently dominates the missile defense system market due to the massive capital spending undertaken by the United States federal government. The defense and strategic alliances with other countries have led to defense collaborations resulting in the development of the most advanced and high-end missile defense systems. The presence of significant private defense manufacturers who undertake research and development of high-end, sophisticated, and effective missile defense systems also contributes to North America's dominance in the missile defense market. The US is increasingly spending money developing better systems to stay ahead of adversaries like China and Russia to retain their dominance in the defense manufacturing and supplier category.

North America Region Missile Defense System Market Share in 2021 - 40.51%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global missile defense system industry.

The Israel defense missile organization and Rafael developed the C dome and successfully tested it in 2022. The c dome is the naval version of Israel’s iron dome. The c dome can intercept and destroy short-range ballistic missiles and rockets fired on Israel. The effectiveness of the C dome is evident from the success ratio of the iron dome displayed by it in the 13-day Israel-Hamas war.

List of Key Market Players:

  • BAE Systems
  • General Dynamics Corporation
  • Leonardo Spa
  • Lockheed Martin Corporation
  • MBDA Missiles Systems
  • Northrop Grumman Corporation
  • Rafael Advanced Defense Systems Ltd.
  • Raytheon Technologies Corporation
  • Thales Group
  • The Boeing Company

Key Target Audience

  • Original Equipment Manufacturers
  • Defense Manufacturers
  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)

Report Description:

  • Global Missile Defense System Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered the historic years and 2022 to 2030 are the forecast years. The global missile defense system market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each segment, region, and country catering to the global missile defense system market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of missile defense system-based on range, technology, threat type, domain, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global missile defense system market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global missile defense system market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter's five forces analysis coupled with SWOT analysis to provide business related data and information. Porter's five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company's growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related, i.e., global missile defense system market) is covered to comprehend the adoption rate and evaluate the market size. 

Frequesntly Asked Questions

As per The Brainy Insights, the size of the missile defense system market was valued at USD 25.83 billion in 2021 to USD 38.81 billion by 2030.

The global missile defense system market is growing at a CAGR of 4.63% during the forecast period 2022-2030.

The global missile defense system market has been segmented based on range, technology, threat type, domain, and regions. The medium-range segment led the market in 2021. The supersonic missiles segment led the market in 2021.

The North American region emerged as the largest market for the missile defense system.

The increasing defense expenditure will influence the market's growth.

High capital expenditure could hamper market growth.

The growing integration of artificial intelligence with missile defense systems will provide considerable opportunities to the market.

Key players are BAE Systems, General Dynamics Corporation, Leonardo Spa, Lockheed Martin Corporation, MBDA Missiles Systems, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Range
          4.3.2. Market Attractiveness Analysis by Technology
          4.3.3. Market Attractiveness Analysis by Threat Type
          4.3.4. Market Attractiveness Analysis by Domain
          4.3.5. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing defense expenditure
    5.3. Restraints
          5.3.1. High capital expenditure
    5.4. Opportunities
          5.4.1. The growing integration of artificial intelligence with (A.I.) missile defense system
    5.5. Challenges
          5.5.1. Integration with the conventional launch and communications systems

6. Global Missile Defense System Market Analysis and Forecast, By Range
    6.1. Segment Overview
    6.2. Long Range
    6.3. Medium Range
    6.4. Short Range

7. Global Missile Defense System Market Analysis and Forecast, By Technology
    7.1. Segment Overview
    7.2. Countermeasure System
    7.3. Fire Control System
    7.4. Command & Control System
    7.5. Weapons System

8. Global Missile Defense System Market Analysis and Forecast, By Threat Type
    8.1. Segment Overview
    8.2. Subsonic Missiles
    8.3. Supersonic Missiles
    8.4. Hypersonic Missiles

9. Global Missile Defense System Market Analysis and Forecast, By Domain
    9.1. Segment Overview
    9.2. Ground
    9.3. Marine
    9.4. Air

10. Global Missile Defense System Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Missile Defense System Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Missile Defense System Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Rafael Advanced Defense Systems Ltd.
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Lockheed Martin Corporation
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Raytheon Technologies Corporation
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Thales Group
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Northrop Grumman Corporation
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. BAE Systems
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. General Dynamics Corporation
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. MBDA Missiles Systems
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. The Boeing Company
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Leonardo Spa
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
 

List of Table

1. Global Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

2. Global Long-Range Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

3. Global Medium Range Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

4. Global Short-Range Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

5. Global Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

6. Global Countermeasure System Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

7. Global Fire Control System Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

8. Global Command & Control System Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

9. Global Weapons System Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

10. Global Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

11. Global Subsonic Missiles Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

12. Global Supersonic Missiles Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

13. Global Hypersonic Missiles Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

14. Global Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

15. Global Ground Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

16. Global Marine Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

17. Global Air Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

18. Global Missile Defense System Market, By Region, 2019-2030 (USD Billion) 

19. North America Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

20. North America Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

21. North America Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

22. North America Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

23. U.S. Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

24. U.S. Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

25. U.S. Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

26. U.S. Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

27. Canada Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

28. Canada Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

29. Canada Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

30. Canada Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

31. Mexico Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

32. Mexico Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

33. Mexico Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

34. Mexico Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

35. Europe Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

36. Europe Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

37. Europe Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

38. Europe Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

39. Germany Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

40. Germany Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

41. Germany Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

42. Germany Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

43. France Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

44. France Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

45. France Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

46. France Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

47. U.K. Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

48. U.K. Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

49. U.K. Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

50. U.K. Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

51. Italy Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

52. Italy Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

53. Italy Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

54. Italy Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

55. Spain Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

56. Spain Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

57. Spain Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

58. Spain Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

59. Asia Pacific Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

60. Asia Pacific Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

61. Asia Pacific Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

62. Asia Pacific Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

63. Japan Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

64. Japan Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

65. Japan Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

66. Japan Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

67. China Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

68. China Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

69. China Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

70. China Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

71. India Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

72. India Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

73. India Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

74. India Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

75. South America Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

76. South America Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

77. South America Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion)

78. South America Missile Defense System Market, By Domain, 2019-2030 (USD Billion)

79. Brazil Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

80. Brazil Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

81. Brazil Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

82. Brazil Missile Defense System Market, By Domain, 2019-2030 (USD Billion)

83. Middle East and Africa Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

84. Middle East and Africa Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

85. Middle East and Africa Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

86. Middle East and Africa Missile Defense System Market, By Domain, 2019-2030 (USD Billion)

87. UAE Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

88. UAE Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

89. UAE Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

90. UAE Missile Defense System Market, By Domain, 2019-2030 (USD Billion)

91. South Africa Missile Defense System Market, By Range, 2019-2030 (USD Billion) 

92. South Africa Missile Defense System Market, By Technology, 2019-2030 (USD Billion) 

93. South Africa Missile Defense System Market, By Threat Type, 2019-2030 (USD Billion) 

94. South Africa Missile Defense System Market, By Domain, 2019-2030 (USD Billion) 

List of Figures 

1. Global Missile Defense System Market Segmentation

2. Missile Defense System Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Missile Defense System Market Attractiveness Analysis by Range

9. Global Missile Defense System Market Attractiveness Analysis by Technology

10. Global Missile Defense System Market Attractiveness Analysis by Threat Type

11. Global Missile Defense System Market Attractiveness Analysis by Domain

12. Global Missile Defense System Market Attractiveness Analysis by Region

13. Global Missile Defense System Market: Dynamics

14. Global Missile Defense System Market Share by Range (2022 & 2030)

15. Global Missile Defense System Market Share by Technology (2022 & 2030)

16. Global Missile Defense System Market Share by Threat Type (2022 & 2030)

17. Global Missile Defense System Market Share by Regions (2022 & 2030)

18. Global Missile Defense System Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global missile defense system market based on below-mentioned segments:

Global Missile Defense System Market by Range:

  • Long Range
  • Medium Range
  • Short Range

Global Missile Defense System Market by Technology:

  • Countermeasure System
  • Fire Control System
  • Command & Control System
  • Weapons System

Global Missile Defense System Market by Threat Type:

  • Subsonic Missiles
  • Supersonic Missiles
  • Hypersonic Missiles

Global Missile Defense System Market by Domain:

  • Ground
  • Marine
  • Air 

Global Missile Defense System Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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