PUBLISHER: IMARC | PRODUCT CODE: 1675799
PUBLISHER: IMARC | PRODUCT CODE: 1675799
The global anti-ship missile defence system market size was valued at USD 13.51 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 20.32 Billion by 2033, exhibiting a CAGR of 4.41% during 2025-2033. Asia-Pacific currently dominates the market, holding a significant market share of over 40.0% in 2024. The magnifying need for naval vessels, rapid incorporation of machine learning (ML) and artificial intelligence (AI) technologies, and increasing military modernization efforts represent some of the chief factors boosting the market expansion.
Anti-ship missile defence (ASMD) system refers to a defensive technology designed to protect naval assets from enemy missiles. It is comprised of several components, such as radar, electronic warfare equipment, jammers, decoys, chaffs, flares, guns, and surface-to-air missiles (SAMs). It operates in multiple steps that involves detecting the incoming missile, tracking its trajectory, identifying the threat risk, deploying countermeasures, and destroying the target. ASMD system is widely used on aircraft carriers, destroyers, submarines, frigates, corvettes, littoral combat ships, minehunters, offshore patrol vessels, and amphibious assault ships. It is a cost-effective and highly efficient system that can neutralize multiple incoming missiles simultaneously, provides multi-layered defense, and enhances situational awareness. ASMD system also improves the survivability rate of naval vessels, enhances operational capabilities, increases deterrence, and minimizes the impact of incoming attacks.
The rising demand for naval vessels across the globe is one of the primary factors driving the market growth. ASMD system is widely installed on different locations of a naval vessel to provide comprehensive and all-around protection from incoming enemy missiles, which aids in reducing casualty, minimizing the impact of an attack, and increasing the overall efficiency of the naval operations. In addition to this, the rapid military modernization activity due to the increasing defense budget is acting as another growth-inducing factor. Furthermore, the implementation of various government initiatives to expand and strengthen naval fleets to protect the country's maritime interests is providing an impetus to the market growth. Additionally, the recent development of directed energy weapon systems, such as high-energy lasers and high-power microwaves that are cost-effective, require low maintenance, and can rapidly engage hypersonic missiles, is positively influencing the market growth. Apart from this, the integration of artificial intelligence (AI) and machine learning (ML) to automate threat detection capabilities and improve the sensitivity, tracking, and response time of the ASMD system is favoring the market growth. Moreover, the introduction of multi-function radars (MFR) that engage multiple targets simultaneously and enhance situational awareness of the system is creating a positive outlook for the market. Other factors, including the significant growth in the defense industry, growing military tensions, the increasing investment in the research and development (R&D) of new ASMD systems, and the rising threat of asymmetric warfare, are anticipated to drive the market growth.
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