Future Anti-Ballistic Missile System Market: Key Dynamics, Size & Share Analysis

The 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. The increase in defense expenditure, the technological development of missiles, and geopolitical tensions driven by growing pressures have widened the market growth. As hypersonic weapons and intercontinental ballistic missiles continue to pose more lethal threats, nations are rapidly fortifying their missile defense partnerships. The solidification of collective defense policies is being adopted by alliances like NATO, QUAD, and AUKUS to neutralize emerging threats. In addition, satellite-based missile defense systems employing satellite-based tracking and early warning systems have been made possible due to advances in technology. To increase missile detection and interception precision, China and Russia are investing in space-based interceptors.

Top Market Challenges Impacting the Anti-Ballistic Missile System Market Growth

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.

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Understanding the Core Segments in the Anti-Ballistic Missile System Market

Anti-Ballistic Missile System Market Size, Share & Industry Trends Analysis- By Platform (Land-Based, Sea-Based, Air-Based, Space-Based), By Component (Launch Vehicles, Interceptor Missiles, Fire Control Systems, Radars, Others), By Range (Short, Medium, Intermediate, Intercontinental) and Others.

Geographical Analysis of the Anti-Ballistic Missile System Market

By Region

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

Who Dominates the Anti-Ballistic Missile System Market Insights on Key Industry Players?

Companies are strengthening their presence in the Anti-Ballistic Missile System market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

• 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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