What Factors Propelled The Growth Of The Anti-Ship Missile Defense System Market In The Past?
The anti-ship missile defense system market has seen considerable growth due to a variety of factors.
• The size of the anti-counterfeit packaging market has seen significant rapid expansion recently. The market is set to increase from $171.62 billion in 2024 to $191.79 billion in 2025, marking a compound annual growth rate (CAGR) of 11.8%. Numerous factors contributed to this growth during the historical period, such as the evolution of naval warfare, the naval arms race, strategic maritime chokepoints, the rise in asymmetric threats, military conflict and tensions, and shifts in military doctrine.
What Are the Future Growth Projections for the Anti-Ship Missile Defense System Market?
The Anti-Ship Missile Defense System market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of anti-counterfeit packaging is anticipated to experience a swift expansion in the ensuing years. The market's value is projected to escalate to $318.36 billion by 2029, growing at a compound annual growth rate (CAGR) of 13.5%.
The growth expected during the forecast period is attributed to the increasing seaborne threats, naval forces' modernization, a holistic focus on defense networks, the advent of hypersonic weaponry, geopolitical tension, and territorial disputes. The forecast period will likely witness major trends like the inception of counter-hypersonic systems, a shift towards multi-layered defense systems, an increase in maritime conflicts, integrated defense institutions, and an emphasis on interception capabilities.
What Are The Core Factors Supporting Growth In The Anti Ship Missile Defence System Market?
The escalating number of conflicts worldwide is anticipated to significantly boost the anti-ship missile defense system market. The surge in regional warfare, heightened maritime security vulnerabilities, and contested waterway disputes necessitate the expanded deployment of ASMD systems on naval ships. For instance, the House of Lords Library, a UK-based information repository for the upper house of the UK Parliament, reported in October 2024 that as of mid-2023, forced displacement affected 110 million individuals due to conflicts, violations of human rights, violence, or persecution. Furthermore, conflicts in the Middle East increased from eight in 2022 to ten in 2023. The death toll related to these conflicts also jumped from slightly over 5,000 in 2022 to nearly 26,000 in 2023. Consequently, the global rise in conflicts is a significant contributor to the growth of the anti-ship missile defense system market.
What Are The Major Segments Within The Global Anti Ship Missile Defence System Market?
The anti-ship missile defense system market covered in this report is segmented –
1) By Component: Missile Interceptor, Radar
2) By Launch Platform: Air, Surface, Submarine
3) By Application: Ballistic Missiles Defense, Conventional Missile Defense
Subsegments:
1) By Missile Interceptor: Surface-To-Air Missiles (SAMs), Short-Range Interceptors, Long-Range Interceptors, Guided Missiles, Kinetic Kill Vehicles
2) By Radar: 2D Radar Systems, 3D Radar Systems, Early Warning Radar, Tracking Radar, Multi-Function Radar Systems
Pre-Book The Anti Ship Missile Defence System Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Trends Are Expected To Transform The Anti Ship Missile Defence System Market?
The surge in technological innovations is a dominant trend in the anti-ship missile defense system market. Prominent firms in this sector are innovating to maintain market dominance. Lockheed Martin Corporation, a U.S. based organization specializing in aerospace and security, for example, is set to produce six AGM-158C Long-Range Anti-Ship Missiles (LRASM) for the U.S. Air Force in March 2022. These missiles will be deployed against priority enemy assets, including aircraft carriers, guided-missile cruisers, and troop transport vessels. The missile equips a multi-mode sensor suite, enhanced digital anti-jam global positioning system (GPS), and weapon data link to recognize and eliminate significant targets within a fleet at sea.
Who Are the Key Players In The Anti Ship Missile Defence System Market?
Major companies operating in the anti-ship missile defense system market include:
• BAE Systems plc
• General Dynamics Corporation
• Leonardo SpA
• Lockheed Martin Corporation
• MBDA Inc.
• Northrop Grumman Corporation
• Rafael Advanced Defense Systems Ltd.
• Raytheon Technologies Corporation
• SAAB AB
• Thales Group
• Rheinmetall AG
• Boeing Company
• L3Harris Technologies Inc.
• Textron Inc.
• Alliant Techsystems
• China Aerospace Science and Industry Corporation
• LIG Nex1 Co. Ltd.
• Aisin Seiki Co. Ltd.
• Robert Bosch GmbH
• Magna International Inc.
• Continental AG
• Johnson Electric
• Faurecia SE
• Huf Hülsbeck & Fürst GmbH & Co. KG
• Stabilus GmbH
• Brose Fahrzeugteile GmbH & Co. KG
• Mitsuba Corporation
What Is The Most Dominant Region In The Anti Ship Missile Defence System Market?
North America was the largest region in the anti-ship missile defense system market in 2024. The regions covered in the anti-ship missile defense system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
