PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1527306
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1527306
Global Anti-Ship Missile Defence System Market Size Study, by Component, by Launch Platform, by Application and Regional Forecasts 2022-2032
Global Anti-Ship Missile Defence System Market is valued approximately at USD 12.9 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.64% over the forecast period 2024-2032. The Anti-Ship Missile Defence (ASMD) system represents a crucial advancement in naval defense technology, designed to safeguard naval assets from incoming enemy missiles. These systems are comprised of radar, electronic warfare equipment, jammers, decoys, chaffs, flares, guns, and surface-to-air missiles (SAMs). They operate through a multi-step process involving detection, tracking, threat assessment, countermeasure deployment, and target destruction. ASMD systems are extensively utilized across various naval platforms including aircraft carriers, destroyers, submarines, and frigates, among others. Their cost-effectiveness, efficiency in neutralizing multiple threats simultaneously, and ability to enhance situational awareness make them indispensable in modern naval operations. The integration of advanced technologies such as AI and machine learning further bolsters their capabilities, ensuring improved threat detection, tracking, and response times.
The burgeoning demand for naval vessels globally is one of the primary drivers propelling the ASMD market growth. These systems are installed at various strategic locations on naval vessels to offer comprehensive protection from enemy missile attacks, thereby reducing casualties and minimizing the impact of such attacks. Furthermore, the escalation in defense budgets leading to rapid military modernization is another significant factor contributing to market expansion. Government initiatives aimed at expanding and strengthening naval fleets to secure maritime interests are also bolstering the market growth. Additionally, the development of cost-effective, low maintenance directed energy weapon systems like high-energy lasers and high-power microwaves, which can rapidly engage hypersonic missiles, is positively influencing the market. The incorporation of multifunction radars (MFR) capable of engaging multiple targets simultaneously and enhancing situational awareness is another technological advancement driving market growth.
The Global Anti-Ship Missile Defence System market faces challenges such as technological limitations and ethical concerns regarding the deployment of such advanced defense systems. Despite these challenges, continuous research and development activities and the integration of ASMD systems with conventional weapons offer significant growth opportunities for market players. The key regions considered for the Global Anti-Ship Missile Defence System Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific, in particular, stands out as the largest market, driven by rapid military modernization, increased government initiatives, and significant technological advancements in the region. Moreover, the Asia-Pacific region hosts several major shipbuilding and defense manufacturing industries, further driving market growth. The strategic importance of maritime routes for global trade in this region also necessitates robust defense mechanisms to safeguard these vital channels, contributing to the accelerated adoption of anti-ship missile defense systems. Moreover, North America is projected to grow at the fastest rate owing to rising government spending and rising technological advancement and innovations by key market players in the region.
Major market players included in this report are:
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- BAE Systems plc
- Northrop Grumman Corporation
- Thales Group
- MBDA
- General Dynamics Corporation
- Leonardo S.p.A.
- Saab AB
- Boeing Defense, Space & Security
- L3Harris Technologies, Inc.
- Kongsberg Defence & Aerospace
- Bharat Dynamics Limited (BDL)
- Rafael Advanced Defense Systems Ltd.
- Israel Aerospace Industries (IAI)
The detailed segments and sub-segment of the market are explained below:
By Component:
- Radar
- Missile Interceptor
By Launch Platform:
- Air
- Surface
- Submarine
By Application:
- Ballistic Missiles Defense
- Conventional Missile Defense
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Russia
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
Table of Contents
Chapter 1. Global Anti-Ship Missile Defence System Market Executive Summary
- 1.1. Global Anti-Ship Missile Defence System Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Launch Platform
- 1.3.3. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Anti-Ship Missile Defence System Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Anti-Ship Missile Defence System Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Demand for Naval Vessels
- 3.1.2. Rapid Military Modernization
- 3.1.3. Government Initiatives to Expand Naval Fleets
- 3.2. Market Challenges
- 3.2.1. High Cost of development
- 3.2.2. Ethical Concerns
- 3.3. Market Opportunities
- 3.3.1. Technological Advancements in Directed Energy Weapons
- 3.3.2. Integration of AI and Machine Learning
Chapter 4. Global Anti-Ship Missile Defence System Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Anti-Ship Missile Defence System Market Size & Forecasts by Component 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Anti-Ship Missile Defence System Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Radar
- 5.2.2. Missile Interceptor
Chapter 6. Global Anti-Ship Missile Defence System Market Size & Forecasts by Launch Platform 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Anti-Ship Missile Defence System Market: Launch Platform Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Air
- 6.2.2. Surface
- 6.2.3. Submarine
Chapter 7. Global Anti-Ship Missile Defence System Market Size & Forecasts by Application 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Anti-Ship Missile Defence System Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Ballistic Missiles Defense
- 7.2.2. Conventional Missile Defense
Chapter 8. Global Anti-Ship Missile Defence System Market Size & Forecasts by Region 2022-2032
- 8.1. North America Anti-Ship Missile Defence System Market
- 8.1.1. U.S. Anti-Ship Missile Defence System Market
- 8.1.1.1. Component breakdown size & forecasts, 2022-2032
- 8.1.1.2. Launch Platform breakdown size & forecasts, 2022-2032
- 8.1.1.3. Application breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Anti-Ship Missile Defence System Market
- 8.1.1. U.S. Anti-Ship Missile Defence System Market
- 8.2. Europe Anti-Ship Missile Defence System Market
- 8.2.1. UK Anti-Ship Missile Defence System Market
- 8.2.2. Germany Anti-Ship Missile Defence System Market
- 8.2.3. France Anti-Ship Missile Defence System Market
- 8.2.4. Spain Anti-Ship Missile Defence System Market
- 8.2.5. Italy Anti-Ship Missile Defence System Market
- 8.2.6. Russia Anti-Ship Missile Defence System Market
- 8.2.7. Rest of Europe Anti-Ship Missile Defence System Market
- 8.3. Asia-Pacific Anti-Ship Missile Defence System Market
- 8.3.1. China Anti-Ship Missile Defence System Market
- 8.3.2. India Anti-Ship Missile Defence System Market
- 8.3.3. Japan Anti-Ship Missile Defence System Market
- 8.3.4. Australia Anti-Ship Missile Defence System Market
- 8.3.5. South Korea Anti-Ship Missile Defence System Market
- 8.3.6. Rest of Asia Pacific Anti-Ship Missile Defence System Market
- 8.4. Latin America Anti-Ship Missile Defence System Market
- 8.4.1. Brazil Anti-Ship Missile Defence System Market
- 8.4.2. Mexico Anti-Ship Missile Defence System Market
- 8.4.3. Rest of Latin America Anti-Ship Missile Defence System Market
- 8.5. Middle East & Africa Anti-Ship Missile Defence System Market
- 8.5.1. Saudi Arabia Anti-Ship Missile Defence System Market
- 8.5.2. South Africa Anti-Ship Missile Defence System Market
- 8.5.3. Rest of Middle East & Africa Anti-Ship Missile Defence System Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Lockheed Martin Corporation
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 9.3.2. Raytheon Technologies Corporation
- 9.3.3. BAE Systems plc
- 9.3.4. Northrop Grumman Corporation
- 9.3.5. Thales Group
- 9.3.6. MBDA
- 9.3.7. General Dynamics Corporation
- 9.3.8. Leonardo S.p.A.
- 9.3.9. Saab AB
- 9.3.10. Boeing Defense, Space & Security
- 9.3.11. L3Harris Technologies, Inc.
- 9.3.12. Kongsberg Defence & Aerospace
- 9.3.13. Bharat Dynamics Limited (BDL)
- 9.3.14. Rafael Advanced Defense Systems Ltd.
- 9.3.15. Israel Aerospace Industries (IAI)
- 9.3.1. Lockheed Martin Corporation
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
