Anti-Ship Missile Defence System Market Size expected to rise quickly throughout 2030, Overview
Market Overview:
Global Anti-Ship Missile Defence System Market Size is expected to reach USD 139.8 billion by 2030 with 6.65% CAGR during the forecast period
The global Anti-Ship Missile Defence System Market Size is marked with growth potential in the coming years. The factors that influence the demand for anti-ship missile defence system are high demand for laser anti-ship missile defence systems, increasing R&D investments, and greater emphasis on maritime border security. The major trends and opportunities in the Anti-Ship Missile Defence System Market Size are modernization of naval combat systems and transition to SBX-band radar. The major challenges and that can restrain the market growth are the defence budget cuts, delays and project cancellations and shortcomings of the conventional missile defence systems.
High Demand for Laser Anti-Ship Missile Defense Systems has been a major driver for the global anti-ship missile defense system market. Laser wavelengths are approximately 10,000 times smaller than microwaves, causing lesser diffraction and making them more accurate when fired from long distances. In addition, laser weapon systems generate high-energy pulses. For example, one-megajoule laser pulse delivers the same energy as 200 grams of high explosive and has the same impact on a target.
As a result of their accuracy and cost efficiency, the demand for DEWs such as HEL and HPM weapons has been increasing. HEL is likely to find applications in anti-personnel weapon systems and missile defense systems and can also be used for disabling lightly armored vehicles. Moreover, R&D is a pre-requisite for the development of anti-ship missile defense systems and the maintenance of global competitiveness in the market. Currently, developed regions such as the Americas and Europe investment heavily into procurement and development of these systems.
Key Players:
BAE Systems Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, Saab Group, Elbit Systems Ltd
Market Segmentation:
The scope of the study segments the global anti-ship missile defense systems market by its component, application and regions.
By Component-
Missile Interceptor
Radar
By Application-
Ballistic Missiles Defense
Conventional Missile Defense
Region Analysis:
The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW).
North America, Asia Pacific, Europe, Rest of the World
Full report @ https://www.marketresearchfuture.com/reports/anti-ship-missile-defence-system-market-4518
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