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The global missile seekers market is expected to reach USD 10.15 billion by 2030, at a CAGR of 5.94% from 2022 to 2030. The industry is propelled by developments in guidance systems, smaller missiles, and their seekers. Increased military spending in numerous countries has resulted in high-tech war weapons for battle situations. It comprises defensive and guiding systems for missiles.
Missile seekers are technologies that direct missiles on the proper trajectory to hit their targets precisely. The demand for more efficient missile seekers has risen due to recent technological advancements in defensive systems, notably guided missiles. The changing nature of warfare will be a significant driver of the missile seekers industry in the coming year. As technology advances, new and advanced defensive systems, such as air defense systems and guided missiles for attacking moving targets, are being developed. Because of the evolving nature of conflict worldwide, the military from numerous countries has acquired superior missile launching and defense capabilities. Low-intensity battles are becoming more common among these militaries. Countries with advanced missile defense capabilities can protect themselves against rocket and missile strikes. In such a system, the missile seeker must ensure that the defensive system's missiles strike their intended targets. It encouraged the development of increasingly modern air defense systems that employ guided ground-to-air missiles with a more than 90% success rate. As a result of the evolving nature of warfare, military worldwide have raised their desire for improved missile seekers. Missiles are used to achieve mass destruction. As a result, specific guidelines for the employment of missiles must be observed. In cities with substantial populations of inhabitants and structures, the utilization of missiles is restricted. As a result, missiles are rarely used, and developed countries prefer to deploy other weapons instead. The market for missile seekers is expected to be flooded with possibilities as demand for infrared-based systems grows. It is because infrared-based missile seeker systems have a variety of benefits. It can track the heat that an object generates. As a result, missile guidance systems may follow a target based on its heat output.
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Increased defense spending has resulted from geopolitical instability in some nations worldwide. Countries like the United States and Russia, for example, invested heavily in nuclear warheads, submarine-launched ballistic missiles, long-range rockets, and other military systems during the Cold War era, which lasted from the 1950s through the 1990s. Globally, the total number of active wars has risen in recent years. Afghanistan's war, the India-Pakistan disagreement, and the North Korean crisis are just a few current disputes. The latest contribution to this is the United States and China dispute, which might escalate into a naval conflict. Air-to-surface guided missiles launched from fighter planes at ships play a significant role in countering the navy. The surge in such disputes worldwide is projected to fuel demand for improved missile seekers over the forecast period.
Leonardo S.p.A., Raytheon Technologies, Northrop Grumman Corporation, Thales, and Safran Group are leading missile seekers industry participants. North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America are the countries where these companies do business. These companies have also been harmed by COVID-19. COVID-19 had an impact on defense services internationally in 2020, according to industry analysts. Orders and deliveries of missiles were unaffected by the COVID-19 outbreak. However, due to supply chain bottlenecks, the missile seekers market suffered a minor setback in the first quarter of 2021 before gradually recovering.
It takes a long time to make guided missiles. The United States is a significant purchaser of missiles. Recent reports, however, indicate that the US military's missile supply is diminishing. The US military will have a tremendous requirement for missiles in the near future. Given current tensions with China, the US would be prepared from their end, which means the missile stockpile has to be restocked as soon as possible. As a result, the market for missile seekers utilized in such missiles is likely to rise.
A missile is a weapon that can kill thousands of people. As a result, specific guidelines must be observed when using the missile. The missile cannot be deployed in cities where humans may be present, or structures may be damaged by missile impact. Most governments do not favor missiles over other weapons because of such constraints on their use.
The global missile seekers market has been segmented based on technology type, launch mode, and regions.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global missile seekers market, with a 28.74% share of the market revenue in 2021.
North America Region Missile Seekers Market Share in 2021 - 28.74%
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The key players are concentrating on implementing strategies such as adopting new applications, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global missile seekers market industry.
Rafael Advanced Defense Systems Ltd. presented Sea Breaker, a 5th generation autonomous, long-range, precision-guided missile system, in June 2021. Sea Breaker is capable of considerable strike performance against various high-value marine and land targets.
According to Raytheon Missiles & Defense, the StormBreaker smart weapon, which employs a unique multi-mode seeker, was cleared for deployment on the F-15E by the US Air Force's Air Combat Command in October 2020 according to Raytheon Missiles & Defense, a Raytheon Technologies subsidiary.
As per The Brainy Insights, the size of the missile seekers market was valued at USD 6.04 billion in 2021 to USD 10.15 billion by 2030.
The global missile seekers market is growing at a CAGR of 5.94% during the forecast period 2022-2030.
The global missile seekers market has been segmented based on technology type, launch mode, and regions. The infrared segment led the market in 2021. The air-to-air segment is projected to witness the highest growth during the forecast period.
The North American region emerged as the largest market for the missile seekers.
The market's growth will be influenced by the instability in geopolitics.
The regulations governing missile usage could hamper the market growth.
The depleting precision guided missile stockpiles will provide huge opportunities to the market.
The key players are Boeing, Safran Group, Thales, BAE Systems, Raytheon Technologies, Leonardo S.p.A., Northrop Grumman Corporation, Analog Devices, Inc., Bharat Electronics Limited, Excelitas Technologies Corp.
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 Technology
4.3.2. Market Attractiveness Analysis By Launch Mode
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Instability in Geopolitics
5.3. Restraints
5.3.1. Impact of Covid-19
5.4. Opportunities
5.4.1. Precision guided missile stockpiles are depleting
5.5. Challenges
5.5.1. Regulations governing missile usage
6. Global Missile Seekers Market Analysis and Forecast, By Technology
6.1. Segment Overview
6.2. Active Radar
6.3. Passive Radar
6.4. Laser
6.5. Semi-active Radar
6.6. Multi-mode
6.7. Infrared
7. Global Missile Seekers Market Analysis and Forecast, By Launch Mode
7.1. Segment Overview
7.2. Surface-to-Surface
7.3. Air-to-Surface
7.4. Surface-to-Air
7.5. Air-to-Air
8. Global Missile Seekers Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Missile Seekers Market-Competitive Landscape
9.1. Overview
9.1.1. Market Share of Key Players in the Missile Seekers Market
9.1.2. Global Company Market Share
9.1.3. North America Company Market Share
9.1.4. Europe Company Market Share
9.1.5. APAC Company Market Share
9.2. Competitive Situations and Trends
9.2.1. Product Launches and Developments
9.2.2. Partnerships, Collaborations, and Agreements
9.2.3. Mergers & Acquisitions
9.2.4. Expansions
10. Company Profiles
10.1. Boeing
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Safran Group
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Thales
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. BAE Systems
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Raytheon Technologies
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Leonardo S.p.A.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Northrop Grumman Corporation
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Analog Devices, Inc.
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Bharat Electronics Limited
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Excelitas Technologies Corp.
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Kongsberg Gruppen ASA
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Rafael Advanced Defense Systems Ltd.
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Tata Advanced Systems Limited
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Aselsan
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Janos Technology Inc.
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. National Instruments Corporation
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Product Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
10.17. Tonbo Imaging Pvt Ltd.
10.17.1. Business Overview
10.17.2. Company Snapshot
10.17.3. Company Market Share Analysis
10.17.4. Company Product Portfolio
10.17.5. Recent Developments
10.17.6. SWOT Analysis
10.18. MBDA
10.18.1. Business Overview
10.18.2. Company Snapshot
10.18.3. Company Market Share Analysis
10.18.4. Company Product Portfolio
10.18.5. Recent Developments
10.18.6. SWOT Analysis
10.19. SemiConductor Devices
10.19.1. Business Overview
10.19.2. Company Snapshot
10.19.3. Company Market Share Analysis
10.19.4. Company Product Portfolio
10.19.5. Recent Developments
10.19.6. SWOT Analysis
10.20. Diehl Defence GmbH & Co. KG
10.20.1. Business Overview
10.20.2. Company Snapshot
10.20.3. Company Market Share Analysis
10.20.4. Company Product Portfolio
10.20.5. Recent Developments
10.20.6. SWOT Analysis
List of Table
1. Global Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
2. Global Active Radar Missile Seekers Market, By Region, 2019-2030 (USD Billion)
3. Global Passive Radar Missile Seekers Market, By Region, 2019-2030 (USD Billion)
4. Global Laser Missile Seekers Market, By Region, 2019-2030 (USD Billion)
5. Global Semi-active Radar Missile Seekers Market, By Region, 2019-2030 (USD Billion)
6. Global Multi-mode Missile Seekers Market, By Region, 2019-2030 (USD Billion)
7. Global Infrared Missile Seekers Market, By Region, 2019-2030 (USD Billion)
8. Global Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
9. Global Surface-to-Surface Missile Seekers Market, By Region, 2019-2030 (USD Billion)
10. Global Air-to-Surface Missile Seekers Market, By Region, 2019-2030 (USD Billion)
11. Global Surface-to-Air Missile Seekers Market, By Region, 2019-2030 (USD Billion)
12. Global Air-to-Air Missile Seekers Market, By Region, 2019-2030 (USD Billion)
13. Global Missile Seekers Market, By Region, 2019-2030 (USD Billion)
14. North America Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
15. North America Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
16. U.S. Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
17. U.S. Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
18. Canada Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
19. Canada Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
20. Mexico Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
21. Mexico Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
22. Europe Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
23. Europe Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
24. Germany Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
25. Germany Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
26. France Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
27. France Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
28. U.K. Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
29. U.K. Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
30. Italy Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
31. Italy Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
32. Spain Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
33. Spain Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
34. Asia Pacific Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
35. Asia Pacific Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
36. Japan Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
37. Japan Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
38. China Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
39. China Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
40. India Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
41. India Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
42. South America Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
43. South America Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
44. Brazil Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
45. Brazil Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
46. Middle East and Africa Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
47. Middle East and Africa Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
48. UAE Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
49. UAE Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
50. South Africa Missile Seekers Market, By Technology, 2019-2030 (USD Billion)
51. South Africa Missile Seekers Market, By Launch Mode, 2019-2030 (USD Billion)
List of Figures
1. Global Missile Seekers Market Segmentation
2. Missile Seekers 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 Seekers Market Attractiveness Analysis By Technology
9. Global Missile Seekers Market Attractiveness Analysis By Launch Mode
10. Global Missile Seekers Market Attractiveness Analysis By Region
11. Global Missile Seekers Market: Dynamics
12. Global Missile Seekers Market Share by Technology (2022 & 2030)
13. Global Missile Seekers Market Share by Launch Mode (2022 & 2030)
14. Global Missile Seekers Market Share by Regions (2022 & 2030)
15. Global Missile Seekers 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 seekers market based on the below-mentioned segments:
Global Missile Seekers Market by Technology:
Global Missile Seekers Market by Launch Mode:
Global Missile Seekers Market by Region:
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