Global Anti-Ship Missile Defense System Industry

Global Anti-Ship Missile Defense System Industry

  • September 2020 •
  • 176 pages •
  • Report ID: 5955876 •
  • Format: PDF
Global Anti-Ship Missile Defense System Market to Reach US$15.1 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Anti-Ship Missile Defense System estimated at US$10.6 Billion in the year 2020, is projected to reach a revised size of US$15.1 Billion by 2027, growing at a CAGR of 5.2% over the period 2020-2027.Anti-Ship Missile Defense Radar System, one of the segments analyzed in the report, is projected to grow at a 5.1% CAGR to reach US$11.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Anti-Ship Missile Interceptor System segment is readjusted to a revised 5.7% CAGR for the next 7-year period. This segment currently accounts for a 24.9% share of the global Anti-Ship Missile Defense System market.

The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 4.9% CAGR for the Period of 2020-2027

The Anti-Ship Missile Defense System market in the U.S. is estimated at US$3.1 Billion in the year 2020. The country currently accounts for a 29.47% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.7 Billion in the year 2027 trailing a CAGR of 4.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR while Rest of European market (as defined in the study) will reach US$2.7 Billion by the year 2027.We bring years of research experience to this 8th edition of our report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • BAE Systems PLC
  • General Dynamics Corporation
  • Leonardo SpA
  • Lockheed Martin Corporation
  • MBDA, Inc.
  • Northrop Grumman Corporation
  • Rafael Advanced Defense Systems Ltd.
  • Raytheon Company
  • SAAB AB
  • Thales Group