Missile Seekers Market

Missile Seekers Market by Technology (Active Radar, Semi-active Radar, Passive Radar, Infrared, Laser, Multi-mode), Missile Type (Interceptor, Ballistic, Cruise, Conventional), Launch Mode, and Region (North America, Europe, APAC, & RoW) - Forecast to 2026

Report Code: AS 7989 Sep, 2021, by marketsandmarkets.com

[186 Pages Report] The global missile seekers market size is projected to grow from USD 5.3 billion in 2021 to USD 6.8 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. The market is driven by factors such as development of smaller missiles and their seekers, growing demand for missile defense systems and advancements in guidance systems.

Missile Seekers Market

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Infrared based missile seekers market is the least impacted because of COVID-19 outbreak. Market for missile seekers used in interceptor missiles is expected to grow at a very healthy rate, from 2382 Million USD in 2021 to 3140 Million USD in 2026.

COVID-19 Impact on the missile seekers Market

The missile seekers market includes major players Leonardo S.p.A. (Italy), Raytheon Technologies (US), Northrop Grumman Corporation (US), Thales (France), and Safran Group (France). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 has affected the services for defense sector globally in 2020.

During the COVID-19 outbreak, the orders and deliveries of missile were intact. However, owing to supply chain disruptions, slight negative impact is expected on the Missile seekers market which recovers slowly in 1st quarter of 2021.

Missile seekers Market Dynamics

Driver: Geopolitical Instabilities

Geopolitical instabilities in various countries across the globe have led to increased defense budgets of these countries. For instance, during the cold war era from the 1950s to 1990s, countries such as the U.S. and Russia made significant investments in submarine-launched ballistic missiles, nuclear warheads, long-range rockets, and other weapon systems. The number of active conflicts has also increased, globally, especially in the last five years. Some of the ongoing conflicts include the Afghanistan war, the India-Pakistan dispute, the North Korea issue. The latest addition to that is US-China dispute, which may convert into a naval war. To counter navy, air-to-surface guided missiles to be fired from fighter planes to ships, plays an important role. The rise in the number of such conflicts across the globe is expected to drive the demand and motivation for improvements in missile seekers in near future.

Opportunity: Depleting stock of precision guided missiles

Manufacturing of guided missiles is a lengthy process. US is one of the key consumers in the missile markets. But the recent reports suggests that the stock of missiles of US military is depleting. Which will be creating a huge demand for missiles by US military in near future. Considering the recent tensions with China, US would be ready from their end, which means the depleting stock of missiles needs an urgent refill. Which is expected to create a huge demand for missile seekers used in those missiles as well, which will create an opportunity for the missile seekers market to grow.

Challenges: Regulations on the use of missiles

Missile is a weapon which does mass destruction. So, there are certain regulations which are to be followed while using the missile. The missile cannot be used in cities in the presence of civilians or buildings which may fall down because of missile impact. Because of such limitations on the usage of missiles, they are not preferred over other weapons by most of the countries.

Demand for Infrared based missile seeker system will drive the demand for technology type segment

Infrared technology is capable of tracking the heat generated by an object. In missile guidance systems, infrared tracks the target based on the heat generated by it. Infrared is a passive type of homing technology which is effective in anti-aircraft missiles as it detects the heat generated by the jet engines of aircraft. Cross-array seekers and rosette seekers make use of infrared technology to guide missiles.

The Interceptor missile type sector is projected to witness a higher CAGR during the forecast period

The revenue generated by the interceptor missiles market, which recorded USD 2382 million in 2021, is expected to grow up to USD 3140 million in 2026 with CAGR of 5.69%. The demand interceptor missiles will be largely driven by border tensions persisting in countries such as Israel, India, China, South Korea, and Saudi Arabia.

Market for missile seekers used in surface to Air launch mode missiles is projected to witness highest CAGR during the forecast period

Market for missile seekers used in surface to air missiles is expected to grow 2142 Million USD in 2021 to 2513 Million USD in 2026 with CAGR of 5.58%. Surface-to-air rockets and missiles are launched from the ground and are designed to hit aerial targets, such as aircraft and helicopters. They are also used to destroy other missiles as well. These missiles form the major part of an anti-aircraft system and are used for anti-air warfare operations.

The North America market is projected to contribute the largest share from 2021 to 2026

North America is projected to be the largest regional share of the missile seekers market during the forecast period. In the North America section, the missile seekers market is majorly divided into two countries: US and Canada. The US is one of the leaders in the missile seekers industry. Major companies such as Raytheon Technologies, Northrop Grumman Corporation and Analog Devices, and small-scale private companies such as Wxcelitas Technologies Ltd., Janos Tech, and MAROTTA controls have their headquarters in the US. The above-mentioned major players continuously invest in the R&D of new & improved designs of missile seekers.

The progress of missile seekers in North America is growing because of the steady demand in the defence sector and the development of advanced and compact missiles.

Missile Seekers Market by Region

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Key Market Players

The missile seekers market is largely fragmented. Established players in the market include BAE Systems (UK), Boeing (US), Leonardo S.p.A. (Italy), Safran Group (France), Raytheon Technologies (US), Thales (France), Northrop Grumman Corporation (US).

Scope of Report

Report Metric

Details

Market size available for years

2018–2026

Base year considered

2021

Forecast period

2021-2026

Forecast units

Value (USD Million)

Segments covered

By Technology, By Missile Type, By Launch Mode, By Region

Geographies covered

North America, Europe, Asia Pacific, Middle East, and Rest of the World

Companies covered

BAE Systems (UK), Leonardo S.p.A. (Italy), Raytheon Technologies (US), Safran Group (France), Thales (France), and Northrop Grumman Corporation (US)

The study categorizes the missile seekers market based on Technology, Missile Type, Launch Mode, and Region.

By Technology

  • Active Radar
  • Semi-active Radar
  • Passive Radar
  • Infrared
  • Laser
  • Multi-mode

By Missile Type

  • Cruise Missile
  • Ballistic Missile
  • Interceptor Missile
  • Conventional

By Launch Mode

  • Surface-to-Surface
  • Surface-to-Air
  • Air-to-Surface
  • Air-to-Air

By Region

  • North America
  • Asia Pacific
  • Europe
  • Middle East
  • Rest of the World

Recent Developments

  • In June 2021, Rafael Advanced Defense Systems Ltd. unveils Sea Breaker, a 5th generation long range, autonomous, precision-guided missile system, enabling significant attack performance against a variety of high-value maritime and land targets.
  • In October 2020, Raytheon Missiles & Defense, a Raytheon Technologies business, announced the StormBreaker smart weapon, which uses an innovative multi-mode seeker, has been approved for use on the F-15E by the U.S. Air Force's Air Combat Command.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 INCLUSIONS & EXCLUSIONS
    1.5 CURRENCY & PRICING
    1.6 USD EXCHANGE RATES
    1.7 LIMITATIONS
    1.8 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
           FIGURE 1 REPORT PROCESS FLOW
           FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key primary sources
    2.2 MARKET SIZE ESTIMATION
           2.2.1 SEGMENTS AND SUBSEGMENTS
    2.3 RESEARCH APPROACH & METHODOLOGY
           2.3.1 BOTTOM-UP APPROACH
           2.3.2 MISSILE SEEKERS MARKET FOR VERTICALS
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.3 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 DATA TRIANGULATION
           FIGURE 5 DATA TRIANGULATION
           2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH
    2.5 GROWTH RATE ASSUMPTIONS
    2.6 ASSUMPTIONS FOR THE RESEARCH STUDY
    2.7 RISKS

3 EXECUTIVE SUMMARY (Page No. - 38)
    FIGURE 6 BY TECHNOLOGY, MULTI-MODE SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 7 BY MISSILE TYPE, INTERCEPTOR SEGMENT ESTIMATED TO LEAD MISSILE SEEKERS MARKET DURING FORECAST PERIOD
    FIGURE 8 NORTH AMERICA ESTIMATED TO LEAD MISSILE SEEKERS MARKET IN 2021

4 PREMIUM INSIGHTS (Page No. - 41)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MISSILE SEEKERS MARKET
           FIGURE 9 CHANGING NATURE OF WARFARE TO DRIVE MISSILE SEEKERS MARKET GROWTH
    4.2 MISSILE SEEKERS MARKET, BY LAUNCH MODE
           FIGURE 10 SURFACE-TO-AIR SEGMENT ESTIMATED TO LEAD MISSILE SEEKERS MARKET FROM 2021 TO 2026
    4.3 NORTH AMERICA MISSILE SEEKERS MARKET, BY TECHNOLOGY
           FIGURE 11 INFRARED SEGMENT TO LEAD MISSILE SEEKERS MARKET FROM 2021 TO 2026
    4.4 MISSILE SEEKERS MARKET, BY COUNTRY
           FIGURE 12 INDIA PROJECTED TO BE FASTEST-GROWING MARKET FROM 2021 TO 2026

5 MARKET OVERVIEW (Page No. - 43)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 13 MISSILE SEEKERS MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Geopolitical instabilities leading to procurement of advanced missile systems
                               TABLE 1 LIST OF ONGOING GEOPOLITICAL ISSUES AND CONFLICTS
                    5.2.1.2 Changing nature of warfare
                    5.2.1.3 Increasing defense expenditure of emerging economies
                               TABLE 2 DEFENSE BUDGET OF INDIA & CHINA, 2015–2020 (USD BILLION)
                    5.2.1.4 Technological advancements in missile seekers
           5.2.2 RESTRAINTS
                    5.2.2.1 Procurement of conventional warfare systems rather than advanced precision-guided munition by many countries
                    5.2.2.2 High manufacturing cost
                               TABLE 3 MANUFACTURING COST OF MISSILES DEVELOPED FOR US MILITARY
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Miniaturization of missiles and their components
                    5.2.3.2 Support for researchers and manufacturers for developing missile seeker solutions
                    5.2.3.3 Depleting stock of precision-guided missiles
           5.2.4 CHALLENGES
                    5.2.4.1 Delivering products of highest standards every time
                    5.2.4.2 Regulations on the use of missiles
    5.3 COVID-19 IMPACT SCENARIOS
    5.4 COVID-19 IMPACT ON MISSILE SEEKERS MARKET
           FIGURE 14 COVID-19 IMPACT ON MISSILE SEEKERS MARKET
           5.4.1 DEMAND-SIDE IMPACT
                    5.4.1.1 Key developments from January 2020 to August 2021
                               TABLE 4 KEY DEVELOPMENTS IN MISSILE SEEKERS MARKET 2020-2021
           5.4.2 SUPPLY-SIDE IMPACT
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS
           5.5.1 DEVELOPMENT OF HIGHLY ACCURATE MISSILES CAPABLE OF HITTING MOVING TARGETS (STORMBREAKER)
           5.5.2 DEVELOPMENT OF AKASH SURFACE-TO-AIR MISSILE SYSTEMS FROM BEL
           5.5.3 3-D PRINTED MISSILES
                    FIGURE 15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
    5.6 MARKET ECOSYSTEM
           5.6.1 PROMINENT COMPANIES
           5.6.2 PRIVATE AND SMALL ENTERPRISES
           5.6.3 END USERS
                    FIGURE 16 MISSILE SEEKERS ECOSYSTEM
                    TABLE 5 MISSILE SEEKERS MARKET ECOSYSTEM
    5.7 PRICING ANALYSIS
           5.7.1 AVERAGE SELLING PRICE ANALYSIS OF MISSILE SEEKERS IN 2020
    5.8 TARIFF REGULATORY LANDSCAPE FOR DEFENSE INDUSTRY
    5.9 TRADE DATA
           5.9.1 TRADE ANALYSIS
                    TABLE 6 COUNTRY-WISE EXPORTS, 2019-2020 (USD THOUSAND)
                    TABLE 7 COUNTRY-WISE IMPORTS, 2019-2020 (USD THOUSAND)
    5.10 VALUE CHAIN ANALYSIS OF MISSILE SEEKERS MARKET
           FIGURE 17 VALUE CHAIN ANALYSIS
    5.11 PORTER’S FIVE FORCES MODEL
           5.11.1 MISSILE SEEKERS MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.11.2 THREAT OF NEW ENTRANTS
           5.11.3 THREAT OF SUBSTITUTES
           5.11.4 BARGAINING POWER OF SUPPLIERS
           5.11.5 BARGAINING POWER OF BUYERS
           5.11.6 COMPETITION IN THE INDUSTRY
    5.12 TECHNOLOGY ANALYSIS
           5.12.1 DEVELOPMENT OF PRECISION-GUIDANCE SEEKERS
    5.13 USE CASES
           5.13.1 MISSILE SEEKERS DEVELOPED BY TATA ADVANCED SYSTEMS LTD.

6 INDUSTRY TRENDS (Page No. - 61)
    6.1 INTRODUCTION
    6.2 SUPPLY CHAIN ANALYSIS
           FIGURE 18 SUPPLY CHAIN ANALYSIS
           6.2.1 MAJOR COMPANIES
           6.2.2 SMALL AND MEDIUM ENTERPRISES
           6.2.3 END USERS/CUSTOMERS
    6.3 EMERGING INDUSTRY TRENDS
           6.3.1 REDUCTION IN SIZE
           6.3.2 IMAGING INFRARED(I2R) TECHNOLOGY
           6.3.3 PRECISION GUIDED MISSILE SEEKER
           6.3.4 FIBER-OPTIC GUIDANCE SYSTEMS
           6.3.5 AUTOMATIC TARGET RECOGNITION (ATR)
           6.3.6 USE OF SYNTHETIC APERTURE RADAR (SAR) IN MISSILE SEEKERS
    6.4 INNOVATIONS AND PATENTS REGISTRATIONS, 2012-2021
    6.5 IMPACT OF MEGATREND
           6.5.1 USE OF AI IN DEFENSE
           6.5.2 CONSTANT INNOVATION IN THE DEFENSE SECTOR

7 MISSILE SEEKERS MARKET, BY TECHNOLOGY (Page No. - 65)
    7.1 INTRODUCTION
           FIGURE 19 INFRARED SEGMENT TO COMMAND LARGEST MARKET SIZE DURING FORECAST PERIOD
           TABLE 8 BY TECHNOLOGY, MISSILE SEEKERS MARKET SIZE, 2018–2026 (USD MILLION)
    7.2 RADAR
           7.2.1 ACTIVE RADAR
                    7.2.1.1 High accuracy makes active radar an attractive technology
                               TABLE 9 MISSILES USING ACTIVE RADAR SEEKERS
           7.2.2 SEMI-ACTIVE RADAR
                    7.2.2.1 Demand for anti-aircraft systems will drive the market
                               TABLE 10 MISSILES USING SEMI-ACTIVE RADAR SEEKERS
           7.2.3 PASSIVE RADAR
                    7.2.3.1 Simple design to drive demand
                               TABLE 11 MISSILES USING PASSIVE RADAR SEEKERS
    7.3 INFRARED
           7.3.1 IMAGING INFRARED TECHNOLOGY TO DRIVE DEMAND
                    TABLE 12 MISSILES USING INFRARED SEEKERS
    7.4 LASER
           7.4.1 SHORT RANGE MISSILES TO DRIVE DEMAND
                    TABLE 13 MISSILES USING LASER-BASED SEEKERS
    7.5 MULTI-MODE
           7.5.1 NEED FOR HIGH ACCURACY IN UNKNOWN TERRAIN WILL DRIVE DEMAND
                    TABLE 14 MISSILES USING MULTI-MODE SEEKERS

8 MISSILE SEEKERS MARKET, BY MISSILE TYPE (Page No. - 70)
    8.1 INTRODUCTION
           FIGURE 20 INTERCEPTOR SEGMENT TO COMMAND LARGEST MARKET SIZE DURING FORECAST PERIOD
           TABLE 15 BY MISSILE TYPE, MISSILE SEEKERS MARKET SIZE, 2018–2026 (USD MILLION)
    8.2 CRUISE
           8.2.1 NEED FOR MISSILES TO TRAVEL UNDETECTED WILL DRIVE THE DEMAND
    8.3 BALLISTIC
           8.3.1 RISING BORDER DISPUTES WILL FUEL GROWTH
    8.4 CONVENTIONAL GUIDED
           8.4.1 GROWTH IN COMBAT UAVS WILL DRIVE THE MARKET
    8.5 INTERCEPTOR
           8.5.1 BORDER TENSION BETWEEN COUNTRIES WILL FUEL THE MARKET

9 MISSILE SEEKERS MARKET, BY LAUNCH MODE (Page No. - 73)
    9.1 INTRODUCTION
           FIGURE 21 SURFACE-TO-AIR SEGMENT TO COMMAND LARGEST MARKET SIZE DURING FORECAST PERIOD
           TABLE 16 BY LAUNCH MODE, MISSILE SEEKERS MARKET SIZE, 2018–2026 (USD MILLION)
    9.2 SURFACE-TO-SURFACE
           9.2.1 INVESTMENT BY HOMEGROWN COMPANIES WILL DRIVE THE MARKET
    9.3 SURFACE-TO-AIR
           9.3.1 INCREASE IN MISSILE DEFENSE SYSTEM WILL DRIVE THE MARKET
    9.4 AIR-TO-AIR
           9.4.1 BORDER DISPUTES WILL FUEL THE MARKET
    9.5 AIR-TO-SURFACE
           9.5.1 INCREASE IN OVERSEAS COMBAT OPERATIONS BY NATO COUNTRIES WILL DRIVE THE MARKET

10 REGIONAL ANALYSIS (Page No. - 76)
     10.1 INTRODUCTION
               FIGURE 22 MISSILE SEEKERS MARKET: REGIONAL SNAPSHOT
     10.2 IMPACT OF COVID-19
               FIGURE 23 COVID-19 IMPACT ON MISSILE SEEKERS MARKET
               TABLE 17 MISSILE SEEKERS MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
               TABLE 18 MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
               TABLE 19 MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
               TABLE 20 MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
     10.3 NORTH AMERICA
             10.3.1 IMPACT OF COVID-19
             10.3.2 PESTLE ANALYSIS: NORTH AMERICA
                       FIGURE 24 NORTH AMERICA: MISSILE SEEKERS MARKET SNAPSHOT
                       TABLE 21 NORTH AMERICA: MISSILE SEEKERS MARKET SIZE, BY COUNTRY, 2018–2026(USD MILLION)
                       TABLE 22 NORTH AMERICA: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                       TABLE 23 NORTH AMERICA: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                       TABLE 24 NORTH AMERICA: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.3.3 US
                       10.3.3.1 Presence of key manufacturers to drive the missile seekers market in the US
                                   FIGURE 25 US: MILITARY SPENDING, 2010–2020 (USD BILLION)
                                   TABLE 25 US: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY,  2018–2026 (USD MILLION)
                                   TABLE 26 US: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 27 US: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.3.4 CANADA
                       10.3.4.1 Increasing demand for small satellites leading to expansion of manufacturing facilities
                                   FIGURE 26 CANADA: MILITARY SPENDING, 2010–2020 (USD BILLION)
                                   TABLE 28 CANADA: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 29 CANADA: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 30 CANADA: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
     10.4 EUROPE
             10.4.1 IMPACT OF COVID-19
             10.4.2 PESTLE ANALYSIS: EUROPE
                       FIGURE 27 EUROPE: MISSILE SEEKERS MARKET SNAPSHOT
                       TABLE 31 EUROPE: MISSILE SEEKERS MARKET SIZE, BY COUNTRY, 2018–2026(USD MILLION)
                       TABLE 32 EUROPE: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                       TABLE 33 EUROPE: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                       TABLE 34 EUROPE: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.4.3 RUSSIA
                       10.4.3.1 Development of advanced missiles by the Russian Army is driving the market growth in the country
                                   FIGURE 28 RUSSIA: MILITARY SPENDING, 2010–2020 (USD BILLION)
                                   TABLE 35 RUSSIA: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 36 RUSSIA: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 37 RUSSIA: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.4.4 UK
                       10.4.4.1 The presence of missile manufacturers to drive demand
                                   FIGURE 29 UK: MILITARY SPENDING, 2010–2020 (USD BILLION)
                                   TABLE 38 UK: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 39 UK: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 40 UK: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.4.5 FRANCE
                       10.4.5.1 The presence of key defense manufacturers to drive demand for missile seekers
                                   FIGURE 30 FRANCE: MILITARY SPENDING, 2010–2020 (USD BILLION)
                                   TABLE 41 FRANCE: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 42 FRANCE: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 43 FRANCE: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.4.6 NORWAY
                       10.4.6.1 The use of advanced missiles by Norway’s military to drive the market for missile seekers
                                   TABLE 44 NORWAY: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 45 NORWAY: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 46 NORWAY: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.4.7 REST OF EUROPE
                       10.4.7.1 The development of new missiles to drive the demand
                                   TABLE 47 REST OF EUROPE: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 48 REST OF EUROPE: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 49 REST OF EUROPE: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
     10.5 ASIA PACIFIC
             10.5.1 COVID-19 IMPACT ON ASIA PACIFIC
             10.5.2 PESTLE ANALYSIS: ASIA PACIFIC
                       FIGURE 31 ASIA PACIFIC: MISSILE SEEKERS MARKET SNAPSHOT
                       TABLE 50 ASIA PACIFIC: MISSILE SEEKERS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                       TABLE 51 ASIA PACIFIC: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                       TABLE 52 ASIA PACIFIC: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                       TABLE 53 ASIA PACIFIC: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.5.3 CHINA
                       10.5.3.1 High defense expenditure to drive the market for missile seekers in China
                                   FIGURE 32 CHINA: MILITARY SPENDING, 2010–2020 (USD BILLION)
                                   TABLE 54 CHINA: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 55 CHINA: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 56 CHINA: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.5.4 INDIA
                       10.5.4.1 Modernization of armed forces to drive the market for missile seekers in India
                                   FIGURE 33 INDIA: MILITARY SPENDING, 2010–2020 (USD BILLION)
                                   TABLE 57 INDIA: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 58 INDIA: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 59 INDIA: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.5.5 SOUTH KOREA
                       10.5.5.1 Increasing development of advanced surface-to-surface ballistic missiles by the country to drive the demand
                                   FIGURE 34 SOUTH KOREA: MILITARY SPENDING, 2010–2020 (USD BILLION)
                                   TABLE 60 SOUTH KOREA: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 61 SOUTH KOREA: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 62 SOUTH KOREA: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.5.6 AUSTRALIA
                       10.5.6.1 The presence of prominent missile seeker manufacturers to drive the demand for missile seekers in the country
                                   FIGURE 35 AUSTRALIA: MILITARY SPENDING, 2010–2020 (USD BILLION)
                                   TABLE 63 AUSTRALIA: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 64 AUSTRALIA: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 65 AUSTRALIA: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.5.7 REST OF ASIA PACIFIC
                       10.5.7.1 Procurement of advanced missiles by Japan to drive the market
                                   TABLE 66 REST OF ASIA PACIFIC: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 67 REST OF ASIA PACIFIC: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 68 REST OF ASIA PACIFIC: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
     10.6 MIDDLE EAST
             10.6.1 COVID-19 IMPACT ON MIDDLE EAST
             10.6.2 PESTLE ANALYSIS: MIDDLE EAST
                       FIGURE 36 MIDDLE EAST: MISSILE SEEKERS MARKET SNAPSHOT
                       TABLE 69 MIDDLE EAST: MISSILE SEEKERS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                       TABLE 70 MIDDLE EAST: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                       TABLE 71 MIDDLE EAST: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                       TABLE 72 MIDDLE EAST: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.6.3 ISRAEL
                       10.6.3.1 Presence of major defense players resulted in growth of missile seekers market in Israel
                       FIGURE 37 ISRAEL: MILITARY SPENDING, 2010–2020 (USD BILLION)
                       TABLE 73 ISRAEL: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                       TABLE 74 ISRAEL: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                       TABLE 75 ISRAEL: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.6.4 TURKEY
                       10.6.4.1 Increasing procurement of advanced intercepting missiles, such as S-400, is driving the missile seekers market in the country
                                   FIGURE 38 TURKEY: MILITARY SPENDING, 2010–2020 (USD BILLION)
                                   TABLE 76 TURKEY: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 77 TURKEY: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 78 TURKEY: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.6.5 REST OF MIDDLE EAST
                       10.6.5.1 Increasing procurement of missile launching platforms by the UAE is driving the growth of the missile seekers market
                                   TABLE 79 REST OF MIDDLE EAST: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 80 REST OF MIDDLE EAST: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 81 REST OF MIDDLE EAST: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
     10.7 REST OF THE WORLD
             10.7.1 COVID-19 IMPACT ON REST OF THE WORLD
             10.7.2 PESTLE ANALYSIS: REST OF THE WORLD
                       FIGURE 39 REST OF THE WORLD: MISSILE SEEKERS MARKET SNAPSHOT
                       TABLE 82 REST OF THE WORLD: MISSILE SEEKERS MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
                       TABLE 83 REST OF THE WORLD: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                       TABLE 84 REST OF THE WORLD: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                       TABLE 85 REST OF THE WORLD: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.7.3 LATIN AMERICA
                       10.7.3.1 Strengthening of the naval warfare by countries such as Brazil to drive the market
                                   FIGURE 40 BRAZIL: MILITARY SPENDING, 2010–2020 (USD BILLION)
                                   TABLE 86 LATIN AMERICA: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 87 LATIN AMERICA: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 88 LATIN AMERICA: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)
             10.7.4 AFRICA
                       10.7.4.1 Increasing territorial conflicts in the country to drive the demand
                                   FIGURE 41 SOUTH AFRICA: MILITARY SPENDING, 2010–2020 (USD BILLION)
                                   TABLE 89 AFRICA: MISSILE SEEKERS MARKET SIZE, BY TECHNOLOGY, 2018–2026 (USD MILLION)
                                   TABLE 90 AFRICA: MISSILE SEEKERS MARKET SIZE, BY MISSILE TYPE, 2018–2026 (USD MILLION)
                                   TABLE 91 AFRICA: MISSILE SEEKERS MARKET SIZE, BY LAUNCH MODE, 2018–2026 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 125)
     11.1 INTRODUCTION
               TABLE 92 KEY DEVELOPMENTS BY LEADING PLAYERS IN MISSILE SEEKERS MARKET BETWEEN 2018 AND 2021
     11.2 MARKET SHARE ANALYSIS OF LEADING PLAYERS 2020
               TABLE 93 DEGREE OF COMPETITION
               FIGURE 42 COLLECTIVE REVENUE SHARE OF TOP 5 PLAYERS
     11.3 RANK ANALYSIS, 2020
               FIGURE 43 REVENUE GENERATED BY MAJOR PLAYERS IN MISSILE SEEKERS MARKET, 2020
               TABLE 94 COMPANY REGION FOOTPRINT
               TABLE 95 COMPANY PRODUCT FOOTPRINT
               TABLE 96 COMPANY APPLICATION FOOTPRINT
     11.4 COMPETITIVE EVALUATION QUADRANT
             11.4.1 MISSILE SEEKERS MARKET COMPETITIVE LEADERSHIP MAPPING
                       11.4.1.1 Star
                       11.4.1.2 Pervasive
                       11.4.1.3 Emerging Leader
                       11.4.1.4 Participant
                                   FIGURE 44 MISSILE SEEKERS MARKET COMPETITIVE LEADERSHIP MAPPING, 2021
             11.4.2 MISSILE SEEKERS MARKET COMPETITIVE LEADERSHIP MAPPING (SME)
                       11.4.2.1 Progressive companies
                       11.4.2.2 Responsive companies
                       11.4.2.3 Starting blocks
                       11.4.2.4 Dynamic companies
                                   FIGURE 45 MISSILE SEEKERS MARKET COMPETITIVE LEADERSHIP MAPPING (SME)
     11.5 COMPETITIVE SCENARIO
             11.5.1 NEW PRODUCT LAUNCHES
                       TABLE 97 NEW PRODUCT LAUNCHES, AUGUST 2018–AUGUST 2021
             11.5.2 DEALS
                       TABLE 98 DEALS, AUGUST 2018– AUGUST 2021

12 COMPANY PROFILES (Page No. - 138)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 INTRODUCTION
     12.2 KEY PLAYERS
             12.2.1 BAE SYSTEMS
                       TABLE 99 BAE SYSTEMS: BUSINESS OVERVIEW
                       FIGURE 46 BAE SYSTEMS: COMPANY SNAPSHOT
                       TABLE 100 BAE SYSTEMS: DEALS
             12.2.2 BOEING
                       TABLE 101 BOEING: BUSINESS OVERVIEW
                       FIGURE 47 BOEING: COMPANY SNAPSHOT
             12.2.3 RAYTHEON TECHNOLOGIES
                       TABLE 102 RAYTHEON TECHNOLOGIES: BUSINESS OVERVIEW
                       FIGURE 48 RAYTHEON TECHNOLOGIES: COMPANY SNAPSHOT
                       TABLE 103 RAYTHEON TECHNOLOGIES: NEW PRODUCT DEVELOPMENT
                       TABLE 104 RAYTHEON TECHNOLOGIES: DEALS
             12.2.4 SAFRAN GROUP
                       TABLE 105 SAFRAN GROUP: BUSINESS OVERVIEW
                       FIGURE 49 SAFRAN GROUP: COMPANY SNAPSHOT
             12.2.5 NORTHROP GRUMMAN CORPORATION
                       TABLE 106 NORTHROP GRUMMAN CORPORATION: BUSINESS OVERVIEW
                       FIGURE 50 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
             12.2.6 LEONARDO S.P.A
                       TABLE 107 LEONARDO S.P.A.: BUSINESS OVERVIEW
                       FIGURE 51 LEONARDO S.P.A.: COMPANY SNAPSHOT
             12.2.7 THALES
                       TABLE 108 THALES: BUSINESS OVERVIEW
                       FIGURE 52 THALES: COMPANY SNAPSHOT
             12.2.8 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.
                       TABLE 109 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: BUSINESS OVERVIEW
                       FIGURE 53 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: COMPANY SNAPSHOT
                       TABLE 110 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: NEW PRODUCT DEVELOPMENT
             12.2.9 ASELSAN AS
                       TABLE 111 ASELSAN AS: BUSINESS OVERVIEW
                       FIGURE 54 ASELSAN AS: COMPANY SNAPSHOT
             12.2.10 SEMICONDUCTOR DEVICES
                       TABLE 112 SEMICONDUCTOR DEVICES: BUSINESS OVERVIEW
                       TABLE 113 SEMICONDUCTOR DEVICES: DEALS
             12.2.11 KONGSBERG DEFENCE & AEROSPACE
                       TABLE 114 KONGSBERG DEFENCE & AEROSPACE: BUSINESS OVERVIEW
                       FIGURE 55 KONGSBERG DEFENCE & AEROSPACE: COMPANY SNAPSHOT
             12.2.12 JANOS TECHNOLOGY LLC
                       TABLE 115 JANOS TECHNOLOGY LLC: BUSINESS OVERVIEW
             12.2.13 ANALOG DEVICES
                       TABLE 116 ANALOG DEVICES: BUSINESS OVERVIEW
                       FIGURE 56 ANALOG DEVICES: COMPANY SNAPSHOT
             12.2.14 DEFENCE RESEARCH & DEVELOPMENT ORGANISATION
                       TABLE 117 DEFENCE RESEARCH & DEVELOPMENT ORGANISATION: BUSINESS OVERVIEW
             12.2.15 BHARAT ELECTRONICS LIMITED
                       TABLE 118 BHARAT ELECTRONICS LIMITED: BUSINESS OVERVIEW
             12.2.16 TATA ADVANCED SYSTEMS
                       TABLE 119 TATA ADVANCED SYSTEMS: BUSINESS OVERVIEW
             12.2.17 EXCELITAS TECHNOLOGIES CORP.
                       TABLE 120 EXCELITAS TECHNOLOGIES CORP.: BUSINESS OVERVIEW
             12.2.18 DIEHL DEFENCE
                       TABLE 121 DIEHL DEFENCE: BUSINESS OVERVIEW
                       TABLE 122 DIEHL DEFENCE: DEALS
             12.2.19 TONBO IMAGING
                       TABLE 123 TONBO IMAGING: BUSINESS OVERVIEW
     12.3 OTHER KEY PLAYERS
             12.3.1 ADANI AEROSPACE & DEFENCE
                       TABLE 124 ADANI AEROSPACE & DEFENCE: BUSINESS OVERVIEW
             12.3.2 MBDA MISSILE SYSTEMS
                       TABLE 125 MBDA MISSILE SYSTEMS: BUSINESS OVERVIEW
             12.3.3 MAROTTA CONTROLS
                       TABLE 126 MAROTTA CONTROLS: BUSINESS OVERVIEW
             12.3.4 KODA TECHNOLOGIES INC.
                       TABLE 127 KODA TECHNOLOGIES INC.: BUSINESS OVERVIEW
             12.3.5 VEM TECHNOLOGIES PVT. LTD.
                       TABLE 128 VEM TECHNOLOGIES PVT. LTD.: BUSINESS OVERVIEW
             12.3.6 RADIONIX
                       TABLE 129 RADIONIX: BUSINESS OVERVIEW
                       TABLE 130 RADIONIX: NEW PRODUCT DEVELOPMENT

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 180)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATION
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the missile seekers market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included government sources, such as SIPRI; corporate filings such as annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from missile seekers vendors; system integrators; component providers; distributors; and key opinion leaders.

Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using missile seekers vendors were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of missile seekers vendors and future outlook of their business which will affect the overall market.

Missile Seekers Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

MISSILE SEEKERS OEMs

Others

BAE Systems

Northrop Grumman Corporation

Leonardo S.p.A

Thales

Raytheon Technologies

Safran Group

Rafael Advanced Defence Systems

Aselsan AS

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the missile seekers market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:

  • Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Global Missile Seekers Market Size: Bottom-Up Approach

Missile Seekers Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Data Triangulation

After arriving at the overall size of the missile seekers Market using the market size estimation processes explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from demand as well as supply sides of the missile seekers market.

Report Objectives

  • To define, describe, segment, and forecast the size of the missile seekers market based on technology, missile type, launch mode, and region
  • To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, and Rest of the World, along with major countries in each region
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the missile seekers market
  • To analyze technological advancements and product launches in the market
  • To strategically analyze micromarkets1, with respect to their growth trends, prospects, and their contribution to the market
  • To identify financial positions, key products, and key developments of leading companies in the market
  • To provide a detailed competitive landscape of the market, along with market share analysis
  • To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
  • To strategically profile key players in the market and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the missile seekers market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the Missile Seekers Market
COVID-19

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Missile Seekers Market

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Sep, 2021
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