Global Interceptor Missiles Market: Industry Analysis and Forecast (2018-2026)
Global Interceptor Missiles Market is expected to reach US$ 16.0Bn by 2026 from US$ 6.0Bn in 2017 at a CAGR of 13.4 %.
Interceptor Missiles Market is segmented by surface, range, technology. Surface is classified into surface to air, water to air. Range is divided into Upto 125 Kms, between 125 to 200 kms, above 200 kms. Technology is classified as THAAD, PAC-3, SM-3, HQ-19, HQ-9, Iron Dome, FD-2000, Patriot-GEM-T, Aegis Ashore, and Aster. Region wise divided into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Increasing threats from enemy countries across the globe will primarily drive the interceptor missiles market share over the forecast timeframe. Various countries across the globe are purchasing these missiles to overcome these threats. Growing defence budget of various countries across the globe will further escalate the revenue generation. Rising defence budget will lead to rise in purchasing power of the countries, propelling the industry growth over the coming years.
Based on the range, Missiles of range up to 125 kms will showcase dominance in the industry, capturing over 67% volume share over the forecast timeframe. Range can be credited to high demand of missiles such as Iron Dome, SM-3, and PAC-3 that conform to this range. Iron dome is highly prominent in Israel. Same as, PAC-3 has high demand, especially from MEA, further impacting the industry growth positively.
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On the basis of technology, PAC-3 technology is dominating the market. PAC-3 Technology can be attributed to rising demand across the globe, especially in developed countries including the U.S. In the U.S. army signed multiple contracts worth USD 921 million for PAC-3 missiles and related systems.
In terms of region, Europe is expected to exhibit over 7% CAGR till 2024 owing to rising sales of interceptor missiles across the region. For instance, in 2017, Poland purchased 208 PAC-3 MSE missiles for strengthening their defence power. Moreover, the country is expected to purchase 24 surface to air SM-3 missiles in 2018. High adoption of these missiles from Sweden and Romania will further contribute to the industry growth.
Key player across the Interceptor missiles industry are Raytheon Co., Lockheed Martin Corp., Boeing Co., Rafael Advanced Defense Systems, and Aerojet Rocketdyne.
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The scope of Global Interceptor Missiles Market
Global Interceptor Missiles Market, By Surface
• Surface to Air
• Water to Air
Global Interceptor Missiles Market, By Range
• Upto 125 Kms
• Between 125 To 200 Kms
• Above 200 Kms
Global Interceptor Missiles Market, By Technology
• THAAD
• PAC-3
• SM-3
• HQ-19
• HQ-9
• Iron Dome
• FD-2000
• Patriot-GEM-T
• Aegis Ashore
• Aster
Global Interceptor Missiles Market, By Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Global Interceptor Missiles Market
• Raytheon Co.
• Lockheed Martin Corp.
• Boeing Co.
• Rafael Advanced Defense Systems
• Aerojet Rocketdyne
MAJOR TOC OF THE REPORT
Chapter One: Interceptor Missiles Market Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Interceptor Missiles Market Market Competition, by Players
Chapter Four: Global Interceptor Missiles Market Market Size by Regions
Chapter Five: North America Interceptor Missiles Market Revenue by Countries
Chapter Six: Europe Interceptor Missiles Market Revenue by Countries
Chapter Seven: Asia-Pacific Interceptor Missiles Market Revenue by Countries
Chapter Eight: South America Interceptor Missiles Market Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Interceptor Missiles Market by Countries
Chapter Ten: Global Interceptor Missiles Market Market Segment by Type
Chapter Eleven: Global Interceptor Missiles Market Market Segment by Application
Chapter Twelve: Global Interceptor Missiles Market Market Size Forecast (2019-2026)
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