Missile Researchers Market Worth $ 6.8 Billion By 2026

CHICAGO, September 30, 2021 / PRNewswire / – According to a research report “Missile researcher market by technology (active radar, semi-active radar, passive radar, infrared, laser, multimode), missile type (interceptor, ballistics, cruise, conventional), launch mode and region (North America, Europe, APAC and RoW) – Forecast until 2026 “, published by MarketsandMarkets ™, the size of the missile researcher market is expected to increase from $ 5.3 billion in 2021 to $ 6.8 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. The market is determined by various factors such as geopolitical instabilities, changing nature of war, increasing spending on defense of emerging economies and the technological advancements of missile researchers.

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The missile seeker market includes major players BAE Systems (UK), Boeing (US), Leonardo SpA (Italy), Raytheon Technologies (United States), Safran Group (France), Thales (France) and Northrop Grumman Corporation (United States). These actors have extended their activities in various countries, in particular North America, Europe, Middle East, Asia Pacific, and the rest of the world. COVID-19 has also had an impact on their businesses. Industry experts believe COVID-19 has slightly affected the production and services of missile researchers around the world in 2020.

Changing nature of war will drive demand for missile seeker

The primary factor driving the missile seeker market is the changing nature of warfare. Advances in technology have led to the development of new and advanced defense systems, including air defense systems and guided missiles to strike moving targets. The changing nature of warfare across the world has led to the acquisition of advanced missile fire and defense capabilities by the military in various countries. These soldiers are increasingly engaged in low intensity combat.

An example of the changing nature of the war was the Indian Army’s response to the attack on Pulwama, where Indian Air Force fighter jets destroyed a terrorist camp in Balakot (Pakistan) using guided missiles.

Advanced missile defense capabilities help countries defend against rocket and missile attacks. For example, that of Israel The Iron Dome air defense system has prevented over 2,500 missile and mortar attacks with a success rate of over 90%. The missile seeker in such a system plays the most important role in ensuring that the missiles fired by the defense system hit targets accurately. This has fueled the development of more advanced air defense systems, which use surface-to-air missiles with guided homing heads, with a success rate of over 90%.

Thus, the changing nature of warfare has resulted in an increased demand for highly advanced missile researchers from militaries around the world.

Multimode technology is expected to experience a higher CAGR during the forecast period

On the basis of technology, multimode technology is expected to grow at the highest CAGR rate for the missile seeker market during the forecast period. Multimode guidance systems use at least two missile homing technologies to improve accuracy. Terrestrial Guidance (TERCOM) is one such hybrid system that jointly uses a radar, a global positioning system (GPS) and a digital scene mapping area correlator (DSMAC). The multimode missile seeker is used for the guidance of cruise missiles such as the AGM-86B (US), C-602 (China), Hyunmoo-III (South Korea), etc.

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Interceptor missiles expected to experience highest CAGR during forecast period

Based on missile type, interceptor missiles are expected to grow at the highest CAGR for the missile seeker market during the forecast period. Interceptor missiles are anti-ballistic missiles used to counter ballistic missiles such as intercontinental and intermediate-range ballistic missiles launched from any enemy country and to counter airplanes and other missiles. S400, Arrow 2, Arrow 3, THAAD, Patriot missile defense system and Barak 8 are interceptor missiles used to defend against all types of air threats, such as helicopters, airplanes, drones, anti-ship missiles and ballistic missiles . The growing purchase of interceptor missiles by countries such as India, South Korea, and Israel due to increasing geopolitical instabilities, stimulates the growth of the interceptor missile segment. For example, in 2018, the Indian government signed a contract worth $ 5.43 billion with the Russian government to procure five regiments of S-400 missiles.

Air-to-air launch mode is expected to experience the highest CAGR during the forecast period

The air-to-air segment is expected to grow at the highest CAGR rate for the missile seeker market during the forecast period. Air-to-air missiles are launched from airplanes, helicopters, or unmanned aerial combat vehicles (UCAVs) to destroy enemy planes. The types of air-to-air missile warheads are fragmentation warheads or continuous rod warheads. These missiles detect their targets using radar or infrared guidance systems and can fly at very high speed. These missiles are long and have narrow cross sections to reduce drag.

The North American market is expected to contribute the largest share from 2021 to 2026

North America is expected to be the largest regional share of the global missile seeker market during the forecast period. Large companies, such as Raytheon Technologies, Northrop Grumman Corporation, and SemiConductor Devices, and small private companies, such as Excelitas Technologies Corp, Marotta Controls, and KODA Technologies Inc., are based in the United States. These players continually invest in the R&D of new and improved missile homing systems.

The missile seeker market in North America is driven by the growing need for advanced defense systems in the US military. Missile seekers are the systems used in missiles to guide them on the correct trajectory in order to accurately reach desired targets. Recent technological developments in defense systems, including guided missiles, have led to an increased demand for more efficient missile seekers.

Canada has shown no interest in developing its own missile systems; the country depends on the United States for its defense systems, including missile systems.

Associated reports:

Rockets and Missiles Market by Type (Missile, Rocket), Launch Mode (Surface to Surface, Surface to Air, Air to Air, Air to Surface, Submarine to Surface), Propulsion (Solid, Liquid, Hybrid, Scramjet , Turbojet, Ramjet) and region – Global forecast to 2022

Precision Guided Ammunition Market by Product (Tactical Missiles, Guided Rockets, Guided Ammunition, and Stray Ammunition), Technology (Infrared, Semi-Active Lasers, Guidance Radar, GPS, INS, Anti-Radiation), Type, Speed, Region – Global forecasts to 2025

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