Global Interceptor Missiles Market Likely To Flourish At A CAGR of Over 6% During The Forecast Period 2024 to 2032

Zion Market Research has published a new report titled “Global Interceptor Missiles Market –By Surface (Water To Air and Surface To Air), By Range (Long Range, Medium Range, and Short Range), By Component (Global Positioning System (GPS), Radar Homing, Infrared, Semi-Active Lasers, Inertial Navigation System (INS), and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” According to the report, the global demand for the interceptor missiles market was valued at around USD 10.09 Billion in 2023 and is expected to propel at a CAGR of nearly 6% between 2020 and 2025.

Browse the full “Global Interceptor Missiles Market – By Surface (Water To Air and Surface To Air), By Range (Long Range, Medium Range, and Short Range), By Component (Global Positioning System (GPS), Radar Homing, Infrared, Semi-Active Lasers, Inertial Navigation System (INS), and Others),, and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/interceptor-missiles-market

The key factor that would eventually escalate the growth of the global interceptor market is the rising involvement of regional governments to enhance their interceptor missile capabilities and secure their political standard across the globe. Moreover, the growing R&D activities conducted by the industry players and surging technological advancements are flourishing the global market.

To alleviate the risks posed through the increased use of unmanned aerial vehicles, the enhancement in interceptor missiles is considered as a major requirement, thereby propelling the global interceptor missiles market.

“Medium” category in range segment dominates the global interceptor missiles market

Missiles under the “medium range” category are in higher demand. In 2019, the category dominated by holding around one-third of the global market share. Moreover, the category is likely to direct the market growth in the coming years owing to the growing demand for intercontinental ballistic and intercepting incoming ballistic missiles.

Component segment’s category “Inertial Navigation System (INS)” overpowers the global market

As per the 2019 analysis, the Inertial Navigation System (INS) category held the maximum share of almost 30% in the global interceptor missiles market, followed by the radar homing category holding over 20% of the industry share. INS is a navigation tool that directs the missiles to their targets by analyzing their orientation and the velocity of constantly shifting objects.

The Asia Pacific leads in the global interceptor missiles market owing to strong government support

The Asia Pacific attained the foremost position in the global interceptor missiles market by capturing around one-fourth revenue share of the global market in 2019. The regional market is escalating due to the growing efforts of the public to support the defense sector of the nations.

Some of the key players driving the global interceptor missiles market are Leonardo S.p.A, Kongsberg, Northrop Grumman Corporation, General Dynamics Corporation, Saab AB, Almaz Antey, Raytheon Company, BAE Systems, Elbit Systems Ltd., Lockheed Martin Corporation, Thales Group, Aerojet Rocketdyne, Israel Aerospace Industries, Boeing, MBDA, Rheinmetall AG, Airbus S.A.S., L3Harris, China Aerospace Science and Technology Corporation, Rafael Advanced Defense Systems Ltd., Hanwha Corporation, and Barat Dynamics Limited.

The global interceptor missiles market is segmented as:

Global Interceptor Missiles Market: Surface Segmentation Analysis

• Water to air
• Surface to air

Global Interceptor Missiles Market: Range Segmentation Analysis

• Long range
• Medium range
• Short range

Global Interceptor Missiles Market: Component Segmentation Analysis

• Global Positioning System (GPS)
• Radar Homing
• Infrared
• Semi-Active Lasers
• Inertial Navigation System (INS)
• Others

Global Interceptor Missiles Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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