According to Markntel Advisors Report, Anti-Ballistic Missile System Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
It is a defense system designed to identify, track, and intercept the incoming ballistic missile. Advanced radar, sensors, and interceptor missiles are used to neutralize any threat before hitting the target.
Global Anti-Ballistic Missile System Market Research Report & Summary:
The Global Anti-Ballistic Missile System Market size was valued at around USD 12.39 billion in 2024 and is projected to reach USD 19.29 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.66% during the forecast period, i.e., 2025-30.
Time Period Captured in the Report:
- Historical Years: 2020-2023
- Base Years: 2024
- Forecast Years: 2025-2030
Who are the Key Players Operating in the Anti-Ballistic Missile System Market?
The top companies of the Anti-Ballistic Missile System Market ruling the industry are:
Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corporation, Boeing Company, Israel Aerospace Industries (IAI), General Dynamics Corporation, MBDA, Thales Group, BAE Systems, Rafael Advanced Defense Systems, Elbit Systems Ltd., China Aerospace Corporation, Rheinmetall, Almaz-Antey, and Others.
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What is Included in Anti-Ballistic Missile System Market Segmentation?
The Anti-Ballistic Missile System Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Platform
-Land-Based- Market Size & Forecast 2020-2030, USD Million
-Sea-Based - Market Size & Forecast 2020-2030, USD Million
-Air-Based- Market Size & Forecast 2020-2030, USD Million
-Space-Based- Market Size & Forecast 2020-2030, USD Million
-By Component
-Launch Vehicles- Market Size & Forecast 2020-2030, USD Million
-Interceptor Missiles- Market Size & Forecast 2020-2030, USD Million
-Fire Control Systems- Market Size & Forecast 2020-2030, USD Million
-Radars- Market Size & Forecast 2020-2030, USD Million
-Others
-By Range
-Short- Market Size & Forecast 2020-2030, USD Million
-Medium- Market Size & Forecast 2020-2030, USD Million
-Intermediate- Market Size & Forecast 2020-2030, USD Million
-Intercontinental- Market Size & Forecast 2020-2030, USD Million
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Global Anti-Ballistic Missile System Market Driver:
Rising Geopolitical Tensions and Military Conflicts – With increased military actions and geopolitical pressure, anti-ballistic missile defense systems are going around the globe. In the year 2023, global military expenditure reached the high mark of USD 2.44 trillion. Missile defense capability is on a high trend as major powers take interest, while the US has spent more than USD 400 billion. On this trend, China and Russia's hypersonic missiles are stepping up their game of defense in various ways.
North Korean missile tests for ballistic missiles and Iran's missile programs have resulted in Japan, South Korea, and Israel upgrading their ABM systems. Further, Germany's investment in the European Sky Shield Initiative is evidence of how Russia's war with Ukraine has boosted Europe's push for missile defense. Countries are pushing more investment and innovation within the market and more emphasis on space-based monitoring, multi-layered anti-missile defense systems, and AI-driven interception technology due to heightened tensions across the globe.
Global Anti-Ballistic Missile System Market Opportunity:
Integration of AI and Machine Learning in Missile Interception – The demand for AI and machine learning is increasing for anti-ballistic missile systems, which can help in missile interception. AI-based defense systems can process vast amounts of real-time data to improve threat detection, raise interceptivity, and accelerate response times. The U.S. To counter the increasing threats posed by ballistic and hypersonic missiles, it is worth investing in AI-based threat identification by the Missile Defense Agency.
China has developed AI-enabled early warning radar systems, Anti-Hypersonic, that can accurately predict the trajectories of missiles. AI-powered satellites are also incorporated into DARPA Project Blackjack for real-time tracking and interception. AI also aids in reducing false alarms, streamlining interception angles, and autonomous missile launch decision-making. AI-based ABM systems are more flexible and effective. This positions them as a critical component of future missile defense systems in light of increasing complexity in today's threats, such as hypersonic glide vehicles.
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