Missile Guidance System Market
Missile Guidance System Market Forecasts to 2030 - Global Analysis by Missile Type (Conventional Guided Missiles, Cruise Missiles, Ballistic Missiles and Other Missile Types), Component, Platform, Range, Technology, Application and By Geography
According to Stratistics MRC, the Global Missile Guidance System Market is accounted for $989.7 million in 2024 and is expected to reach $1485.3 million by 2030 growing at a CAGR of 7.0% during the forecast period. A missile guidance system is a type of technology that directs and controls the flight path of a missile toward a specific target. It continuously modifies the missile's trajectory while in flight to guarantee that it reaches its target precisely. The various types of guidance systems that use radar, infrared, or optical sensors to track and lock onto targets include inertial, GPS-based, and homing systems. These technologies ensure optimum accuracy and efficacy by allowing the missile to overcome barriers, avoid countermeasures, and adapt to changes in target location in real-time.
According to the Stockholm International Peace Research Institute (SIPRI), in 2021, total global military expenditure rose by 0.7% in real terms, reaching a total of $2113 billion.
Market Dynamics:
Driver:
Upgradation of Armed Forces
The upgrading of armed forces has a substantial impact on the market by increasing demand for modern, precise, and adaptable technology. In order to spur innovation and investment in smart systems, modernization initiatives concentrate on improving accuracy, interoperability, and resistance against electronic countermeasures. Additionally, this tendency promotes collaborations between governments and defense companies by increasing the purchase of next-generation systems. Thus, upgrades promote market expansion and guarantee that military forces preserve strategic superiority while addressing changing security threats around the world.
Restraint:
High Development and Maintenance Costs
The high development and maintenance expenses in the missile guidance systems business put a pressure on budgets and hinder innovation. These costs put smaller businesses at a disadvantage since they necessitate large investments in R&D, cutting-edge materials, and specialized knowledge. Demands for ongoing maintenance raise lifecycle costs even further, which affects affordability. High costs can also discourage governments and defense organizations from using new technology, which would delay market expansion and lower competitiveness in an industry that depends heavily on cutting-edge developments.
Opportunity:
Technological Advancements
Technological improvements are transforming the missile guidance system industry by improving precision, reliability, and operational capability. Targeting precision and versatility are increased by advancements in artificial intelligence, sophisticated sensors, and GPS integration. Miniaturization enables deployment on a variety of platforms, while autonomous navigation technologies minimize the need for human interaction. The market is expanding as a result of these advancements, which satisfy the growing need for advanced, effective, and flexible missile systems worldwide.
Threat:
Regulatory and Export Restrictions
Regulatory and export constraints severely impede the missile guidance system business by limiting international trade and collaboration. These rules may limit access to cutting-edge technologies, raise compliance expenses, and cause project delays. Tight export regulations limit market penetration, which impacts firms' earnings prospects. Furthermore, compliance complications impede growth and competitiveness by discouraging foreign investments and innovation, particularly for smaller businesses that are ill-equipped to handle complicated international regulations.
Covid-19 Impact:
The COVID-19 pandemic originally hampered the Missile Guidance System (MGS) business because to supply chain interruptions and labour shortages. But it also emphasized the value of cutting-edge defense technologies, which prompted more funding for MGS. The need for MGS solutions persisted as nations gave defense modernization top priority. Despite the short-term hurdles created by the epidemic, geopolitical tensions and technology improvements continue to fuel the MGS market's strong long-term outlook.
The launchers segment is expected to be the largest during the forecast period
The launchers segment is expected to be the largest during the forecast period because development of advanced launcher technologies, such as vertical launch systems, is driving market growth. These systems offer increased flexibility, rapid-fire capabilities, and the ability to launch multiple missiles simultaneously. Additionally, the integration of intelligent launch control systems and automated loading mechanisms is enhancing the efficiency and effectiveness of missile launch operations. As the demand for precise and responsive missile systems continues to rise, the role of advanced launchers in the MGS market will remain significant.
The naval segment is expected to have the highest CAGR during the forecast period
The naval segment is expected to have the highest CAGR during the forecast period as increasing geopolitical tensions, rising defense budgets, and the need for naval modernization are fueling demand for advanced MGS solutions. These systems play a crucial role in enhancing the accuracy, range, and effectiveness of naval missiles, ensuring precise targeting and improving the overall defense capabilities of naval forces. As navies around the world prioritize upgrades and new acquisitions, the MGS market is poised for sustained growth, driven by the naval sector's increasing reliance on sophisticated missile technology.
Region with largest share:
North America is anticipated to hold the largest market share during the forecast period due to breakthroughs in defense technologies, rising military spending, and an increased demand for precision-guided missiles. The need for sophisticated missile systems is also fueled by defense modernization initiatives and growing geopolitical tensions. The United States and other North American nations make significant investments in research and development, which results in advancements in guidance technology like radar, GPS, and infrared. All these elements work together to support the expansion of the regional market for missile guiding systems.
Region with highest CAGR:
Asia Pacific is anticipated to witness the highest CAGR over the forecast period because Countries like China, India, and Japan are investing heavily in modernizing their military capabilities, fueling demand for sophisticated missile systems. The region's geopolitical tensions, along with defense collaborations and military modernization programs, further contribute to the growth. Additionally, advancements in AI, GPS, and infrared technologies enhance system accuracy, boosting the demand for missile guidance solutions in the region.
Key players in the market
Some of the key players in Missile Guidance System market include Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, The Boeing Company, General Dynamics Corporation, Leonardo S.P.A., BAE Systems plc, Elbit Systems Ltd., Safran S.A., The Boeing Company, Luna Innovation Inc., Rockwell Collins, MBDA Holding SAS, Honeywell, JSC Tactical Missiles Corporation, Mitsubishi Heavy Industries Ltd., Naval Group, Elbit Systems, Dassault Aviation SA and Rafael Advanced Defense Systems Ltd.
Key Developments:
In September 2024, Eutelsat Group and Mitsubishi Heavy Industries Ltd. announced the signature of a new agreement for multiple launches. Under the terms of the agreement, MHI will provide multiple launches by its H3 launch vehicle.
In August 2024, Mitsubishi Heavy Industries, Ltd. and Japan Airlines Co., Ltd. have agreed to commence joint exploration of potential collaboration in the aircraft aftermarket business. The two companies have signed a memorandum on the matter.
In May 2024, Mitsubishi Heavy Industries, Ltd. has concluded a General License Agreement (GLA) with Chiyoda Corporation. Under this strategic collaboration agreement, MHI granted license of KM CDR Process and Advanced KM CDR Process to Chiyoda.
Missile Types Covered:
• Conventional Guided Missiles
• Cruise Missiles
• Ballistic Missiles
• Other Missile Types
Components Covered:
• Guidance & Control System
• Sensors
• Propulsion System
• Warhead
• Launchers
• Other Components
Platforms Covered:
• Airborne
• Ground-based
• Naval
• Space-based
Ranges Covered:
• Short Range
• Medium Range
• Long Range
• Other Ranges
Technologies Covered:
• Inertial Guidance
• GPS Guidance
• Command Guidance
• Infrared (IR) Guidance
• Radar Guidance
• Optical Guidance
• Other Technologies
Applications Covered:
• Defense
• Offensive Military Operations
• Civilian/Commercial Use
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Missile Guidance System Market, By Missile Type
5.1 Introduction
5.2 Conventional Guided Missiles
5.3 Cruise Missiles
5.4 Ballistic Missiles
5.5 Other Missile Types
6 Global Missile Guidance System Market, By Component
6.1 Introduction
6.2 Guidance & Control System
6.3 Sensors
6.4 Propulsion System
6.5 Warhead
6.6 Launchers
6.7 Other Components
7 Global Missile Guidance System Market, By Platform
7.1 Introduction
7.2 Airborne
7.3 Ground-based
7.4 Naval
7.5 Space-based
8 Global Missile Guidance System Market, By Range
8.1 Introduction
8.2 Short Range
8.3 Medium Range
8.4 Long Range
8.5 Other Ranges
9 Global Missile Guidance System Market, By Technology
9.1 Introduction
9.2 Inertial Guidance
9.3 GPS Guidance
9.4 Command Guidance
9.9 Infrared (IR) Guidance
9.6 Radar Guidance
9.7 Optical Guidance
9.8 Other Technologies
10 Global Missile Guidance System Market, By Application
10.1 Introduction
10.2 Defense
10.3 Offensive Military Operations
10.4 Civilian/Commercial Use
10.5 Other Applications
11 Global Missile Guidance System Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Lockheed Martin Corporation
13.2 Northrop Grumman Corporation
13.3 Raytheon Technologies Corporation
13.4 Saab AB, The Boeing Company
13.5 General Dynamics Corporation
13.6 Leonardo S.P.A.
13.7 BAE Systems plc
13.8 Elbit Systems Ltd.
13.9 Safran S.A.
13.10 The Boeing Company
13.11 Luna Innovation Inc.
13.12 Rockwell Collins
13.13 MBDA Holding SAS
13.14 Honeywell
13.15 JSC Tactical Missiles Corporation
13.16 Mitsubishi Heavy Industries Ltd.
13.17 Naval Group
13.18 Elbit Systems
13.19 Dassault Aviation SA
13.20 Rafael Advanced Defense Systems Ltd.
List of Tables
1 Global Missile Guidance System Market Outlook, By Region (2022-2030) ($MN)
2 Global Missile Guidance System Market Outlook, By Missile Type (2022-2030) ($MN)
3 Global Missile Guidance System Market Outlook, By Conventional Guided Missiles (2022-2030) ($MN)
4 Global Missile Guidance System Market Outlook, By Cruise Missiles (2022-2030) ($MN)
5 Global Missile Guidance System Market Outlook, By Ballistic Missiles (2022-2030) ($MN)
6 Global Missile Guidance System Market Outlook, By Other Missile Types (2022-2030) ($MN)
7 Global Missile Guidance System Market Outlook, By Component (2022-2030) ($MN)
8 Global Missile Guidance System Market Outlook, By Guidance & Control System (2022-2030) ($MN)
9 Global Missile Guidance System Market Outlook, By Sensors (2022-2030) ($MN)
10 Global Missile Guidance System Market Outlook, By Propulsion System (2022-2030) ($MN)
11 Global Missile Guidance System Market Outlook, By Warhead (2022-2030) ($MN)
12 Global Missile Guidance System Market Outlook, By Launchers (2022-2030) ($MN)
13 Global Missile Guidance System Market Outlook, By Other Components (2022-2030) ($MN)
14 Global Missile Guidance System Market Outlook, By Platform (2022-2030) ($MN)
15 Global Missile Guidance System Market Outlook, By Airborne (2022-2030) ($MN)
16 Global Missile Guidance System Market Outlook, By Ground-based (2022-2030) ($MN)
17 Global Missile Guidance System Market Outlook, By Naval (2022-2030) ($MN)
18 Global Missile Guidance System Market Outlook, By Space-based (2022-2030) ($MN)
19 Global Missile Guidance System Market Outlook, By Range (2022-2030) ($MN)
20 Global Missile Guidance System Market Outlook, By Short Range (2022-2030) ($MN)
21 Global Missile Guidance System Market Outlook, By Medium Range (2022-2030) ($MN)
22 Global Missile Guidance System Market Outlook, By Long Range (2022-2030) ($MN)
23 Global Missile Guidance System Market Outlook, By Other Ranges (2022-2030) ($MN)
24 Global Missile Guidance System Market Outlook, By Technology (2022-2030) ($MN)
25 Global Missile Guidance System Market Outlook, By Inertial Guidance (2022-2030) ($MN)
26 Global Missile Guidance System Market Outlook, By GPS Guidance (2022-2030) ($MN)
27 Global Missile Guidance System Market Outlook, By Command Guidance (2022-2030) ($MN)
28 Global Missile Guidance System Market Outlook, By Infrared (IR) Guidance (2022-2030) ($MN)
29 Global Missile Guidance System Market Outlook, By Radar Guidance (2022-2030) ($MN)
30 Global Missile Guidance System Market Outlook, By Optical Guidance (2022-2030) ($MN)
31 Global Missile Guidance System Market Outlook, By Other Technologies (2022-2030) ($MN)
32 Global Missile Guidance System Market Outlook, By Application (2022-2030) ($MN)
33 Global Missile Guidance System Market Outlook, By Defense (2022-2030) ($MN)
34 Global Missile Guidance System Market Outlook, By Offensive Military Operations (2022-2030) ($MN)
35 Global Missile Guidance System Market Outlook, By Civilian/Commercial Use (2022-2030) ($MN)
36 Global Missile Guidance System Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
