Anti-Ballistic Missile System Market Size & Insights

According to MarkNtel Advisors study The future of Global Anti-Ballistic Missile System Market size was valued at around USD 12.39 billion in 2024 and is projected to reach USD 19.29 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.66% during the forecast period, i.e., 2025-30.

What are the Key Driver in the Anti-Ballistic Missile System Market?

Rising Geopolitical Tensions and Military Conflicts – With increased military actions and geopolitical pressure, anti-ballistic missile defense systems are going around the globe. In the year 2023, global military expenditure reached the high mark of USD 2.44 trillion. Missile defense capability is on a high trend as major powers take interest, while the US has spent more than USD 400 billion. On this trend, China and Russia's hypersonic missiles are stepping up their game of defense in various ways.

North Korean missile tests for ballistic missiles and Iran's missile programs have resulted in Japan, South Korea, and Israel upgrading their ABM systems. Further, Germany's investment in the European Sky Shield Initiative is evidence of how Russia's war with Ukraine has boosted Europe's push for missile defense. Countries are pushing more investment and innovation within the market and more emphasis on space-based monitoring, multi-layered anti-missile defense systems, and AI-driven interception technology due to heightened tensions across the globe.

What are the Key Segments in the Anti-Ballistic Missile System Market?

The Anti-Ballistic Missile System is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• By Platform
• Land-Based- Market Size & Forecast 2020-2030, USD Million
• Sea-Based - Market Size & Forecast 2020-2030, USD Million
• Air-Based- Market Size & Forecast 2020-2030, USD Million
• Space-Based- Market Size & Forecast 2020-2030, USD Million
• By Component
• Launch Vehicles- Market Size & Forecast 2020-2030, USD Million
• Interceptor Missiles- Market Size & Forecast 2020-2030, USD Million
• Fire Control Systems- Market Size & Forecast 2020-2030, USD Million
• Radars- Market Size & Forecast 2020-2030, USD Million
• Others
• By Range
• Short- Market Size & Forecast 2020-2030, USD Million
• Medium- Market Size & Forecast 2020-2030, USD Million
• Intermediate- Market Size & Forecast 2020-2030, USD Million
• Intercontinental- Market Size & Forecast 2020-2030, USD Million

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How does geographical analysis highlight in the Anti-Ballistic Missile System market?

• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The main source of the Global Anti-Ballistic Missile System Market is North America, which accounts for roughly 45% of the world's market

Who are the Key Players in Anti-Ballistic Missile System Market?

• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• Northrop Grumman Corporation
• Boeing Company
• Israel Aerospace Industries
• General Dynamics Corporation
• MBDA
• Thales Group
• BAE Systems
• Rafael Advanced Defense Systems
• Elbit Systems Ltd.
• China Aerospace Corporation
• Rheinmetall
• Almaz-Antey

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Anti-Ballistic Missile System Market News

December 2024: Israel's Ministry of Defense signed a multibillion-dollar contract with IAI to enhance Arrow-3 interceptor production, strengthening the nation's defense against long-range ballistic missile threats through the advanced Arrow Weapon System.

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