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.
Global Anti-Ballistic Missile System Market Trend:
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.
Download a free sample copy of the Report: https://www.marknteladvisors.com/query/request-sample/anti-ballistic-missile-system-market.html
Key Market Reports Highlights
• Market Dimensions & Projections
• Pricing Evaluation
• Recent Strategic Moves by Companies
• Primary Stakeholders
• Import/Export Trend Analysis
• Competitive Landscape Assessment
• Emerging Opportunities
• Market Trends and Indicators
*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Browse Full Report including (TOC+ List of Table and Figures): https://www.marknteladvisors.com/research-library/anti-ballistic-missile-system-market.html
Global Anti-Ballistic Missile System Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
• By Platform
o Land-Based- Market Size & Forecast 2020-2030, USD Million
o Sea-Based - Market Size & Forecast 2020-2030, USD Million
o Air-Based- Market Size & Forecast 2020-2030, USD Million
o Space-Based- Market Size & Forecast 2020-2030, USD Million
• By Component
o Launch Vehicles- Market Size & Forecast 2020-2030, USD Million
o Interceptor Missiles- Market Size & Forecast 2020-2030, USD Million
o Fire Control Systems- Market Size & Forecast 2020-2030, USD Million
o Radars- Market Size & Forecast 2020-2030, USD Million
o Others
• By Range
o Short- Market Size & Forecast 2020-2030, USD Million
o Medium- Market Size & Forecast 2020-2030, USD Million
o Intermediate- Market Size & Forecast 2020-2030, USD Million
o Intercontinental- Market Size & Forecast 2020-2030, USD Million
• By Region
o North America
o South America
o Europe
o The Middle East & Africa
o Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - 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.
Have questions? Our consultant is ready to assist: https://www.marknteladvisors.com/query/talk-to-our-consultant/anti-ballistic-missile-system-market.html
We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Contact Us
MarkNtel Advisors
Email: [email protected]
Website: www.marknteladvisors.com
Latest Press Release - https://www.marknteladvisors.com/press-release
Top comments (0)