The missile guidance system is a missile control system which evaluates flight information, correlates it with target data, determines the missile's target trajectory, and sends the necessary commands to the missile's flight control system. The guidance system uses appropriate techniques such as global positioning system (GPS), a laser guidance beam, or an integrated inertial navigation system to locate a moving target in space and track that target until it hits the target accurately. The probability of destroying the missile in one shot increases when using guidance technology (SSKP). These components are found in anti-air, anti-ship, anti-submarine, anti-radiation and anti-aircraft missiles.
An anti-tank guided missile system whose primary purpose is to destroy tanks and other armored vehicles. Anti-tank missile systems incapacitate armored vehicles by penetrating and destroying thick armor. This missile guidance system allows infantry to overrun even main battle tanks (MBTs) with reactive armor, assembling armor from a distance without endangering the operator's life.
Ground-launched anti-tank missiles are designed to be launched from the ground onto armored vehicles or soldiers. These missiles can efficiently hit and defeat ground targets such as heavily armored tanks and other armored combat vehicles. Several governments have initiated development of advanced anti-tank missile systems which is expected to drive the growth of the segment during the forecast period. For instance, in April 2022, India carried out a successful flight test of the anti-tank guided missile Helina in Pokhran. The missile is guided by an Infrared Imaging Seeker (IIR) operating in the “lock on before launch” mode.
In February 2022, Bharat Dynamics Limited (BDL) signed a contract with the Indian Army for the manufacturing and supply of Konkurs-M anti-tank guided missiles to the Indian Army.
The missile guidance system market is segmented on the basis of launch platform, type, end use, and region. By launch platform, it is segmented into air-to-air, air-to-surface, surface-to-air, anti-ship and anti-tank. By type, it is classified into command guidance system, beam rider guidance system, homing guidance system and inertial guidance system. By end use, it is categorized into ground vehicles, combat aircrafts, ships, submarines and UAV’s. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include BAE System PLC, ELBIT SYSTEM LTD., Leonardo S. P. A, General Dynamic Corporations, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, Safran S. A., Thales Group, The Boeing Company, DRDOS (Defense Research and Development Organization).
An anti-tank guided missile system whose primary purpose is to destroy tanks and other armored vehicles. Anti-tank missile systems incapacitate armored vehicles by penetrating and destroying thick armor. This missile guidance system allows infantry to overrun even main battle tanks (MBTs) with reactive armor, assembling armor from a distance without endangering the operator's life.
Ground-launched anti-tank missiles are designed to be launched from the ground onto armored vehicles or soldiers. These missiles can efficiently hit and defeat ground targets such as heavily armored tanks and other armored combat vehicles. Several governments have initiated development of advanced anti-tank missile systems which is expected to drive the growth of the segment during the forecast period. For instance, in April 2022, India carried out a successful flight test of the anti-tank guided missile Helina in Pokhran. The missile is guided by an Infrared Imaging Seeker (IIR) operating in the “lock on before launch” mode.
In February 2022, Bharat Dynamics Limited (BDL) signed a contract with the Indian Army for the manufacturing and supply of Konkurs-M anti-tank guided missiles to the Indian Army.
The missile guidance system market is segmented on the basis of launch platform, type, end use, and region. By launch platform, it is segmented into air-to-air, air-to-surface, surface-to-air, anti-ship and anti-tank. By type, it is classified into command guidance system, beam rider guidance system, homing guidance system and inertial guidance system. By end use, it is categorized into ground vehicles, combat aircrafts, ships, submarines and UAV’s. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include BAE System PLC, ELBIT SYSTEM LTD., Leonardo S. P. A, General Dynamic Corporations, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, Safran S. A., Thales Group, The Boeing Company, DRDOS (Defense Research and Development Organization).
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the missile guidance system market analysis from 2021 to 2031 to identify the prevailing missile guidance system market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the missile guidance system market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global missile guidance system market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Launch Platform
- Air-to-air
- Air-to-surface
- Surface-to-air
- Anti-ship
- Anti-tank
By Type
- Command Guidance System
- Beam Rider Guidance System
- Homing Guidance System
- Inertial Guidance System
By End User
- UAVs
- Ground Vehicles
- Combat Aircrafts
- Ships
- Submarines
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Saab AB
- The Boeing Company
- DRDO
- Thales Group
- General Dynamics Corporation
- Leonardo S. P. A.
- BAE Systems plc
- Elbit Systems Ltd.
- Safran S. A.
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: MISSILE GUIDANCE SYSTEM MARKET, BY LAUNCH PLATFORM
4.1 Overview
4.1.1 Market size and forecast
4.2 Air-to-air
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Air-to-surface
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Surface-to-air
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5 Anti-ship
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6 Anti-tank
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
CHAPTER 5: MISSILE GUIDANCE SYSTEM MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Command Guidance System
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Beam Rider Guidance System
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Homing Guidance System
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Inertial Guidance System
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
CHAPTER 6: MISSILE GUIDANCE SYSTEM MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Ground Vehicles
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Combat Aircrafts
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Ships
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5 Submarines
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country
6.6 UAVs
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market share analysis by country
CHAPTER 7: MISSILE GUIDANCE SYSTEM MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Launch Platform
7.2.3 North America Market size and forecast, by Type
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Launch Platform
7.2.5.1.3 Market size and forecast, by Type
7.2.5.1.4 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Launch Platform
7.2.5.2.3 Market size and forecast, by Type
7.2.5.2.4 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Launch Platform
7.2.5.3.3 Market size and forecast, by Type
7.2.5.3.4 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Launch Platform
7.3.3 Europe Market size and forecast, by Type
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Launch Platform
7.3.5.1.3 Market size and forecast, by Type
7.3.5.1.4 Market size and forecast, by End User
7.3.5.2 France
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Launch Platform
7.3.5.2.3 Market size and forecast, by Type
7.3.5.2.4 Market size and forecast, by End User
7.3.5.3 UK
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Launch Platform
7.3.5.3.3 Market size and forecast, by Type
7.3.5.3.4 Market size and forecast, by End User
7.3.5.4 Russia
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Launch Platform
7.3.5.4.3 Market size and forecast, by Type
7.3.5.4.4 Market size and forecast, by End User
7.3.5.5 Rest of Europe
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Launch Platform
7.3.5.5.3 Market size and forecast, by Type
7.3.5.5.4 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Launch Platform
7.4.3 Asia-Pacific Market size and forecast, by Type
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Launch Platform
7.4.5.1.3 Market size and forecast, by Type
7.4.5.1.4 Market size and forecast, by End User
7.4.5.2 Japan
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Launch Platform
7.4.5.2.3 Market size and forecast, by Type
7.4.5.2.4 Market size and forecast, by End User
7.4.5.3 India
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Launch Platform
7.4.5.3.3 Market size and forecast, by Type
7.4.5.3.4 Market size and forecast, by End User
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Launch Platform
7.4.5.4.3 Market size and forecast, by Type
7.4.5.4.4 Market size and forecast, by End User
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Launch Platform
7.4.5.5.3 Market size and forecast, by Type
7.4.5.5.4 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Launch Platform
7.5.3 LAMEA Market size and forecast, by Type
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Launch Platform
7.5.5.1.3 Market size and forecast, by Type
7.5.5.1.4 Market size and forecast, by End User
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Launch Platform
7.5.5.2.3 Market size and forecast, by Type
7.5.5.2.4 Market size and forecast, by End User
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Launch Platform
7.5.5.3.3 Market size and forecast, by Type
7.5.5.3.4 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Lockheed Martin Corporation
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Northrop Grumman Corporation
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Raytheon Technologies Corporation
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Saab AB
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Elbit Systems Ltd.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 BAE Systems plc
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Leonardo S. P. A.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 General Dynamics Corporation
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Safran S. A.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Thales Group
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 The Boeing Company
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 DRDO
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
Executive Summary
The Missile Guidance System Market is likely to experience a significant growth rate of 4.7% from 2022-2031 owing to increasing market demand from defense sector.A missile guidance system is a system that keeps a missile on the proper trajectory from launcher to target according to signals received from control points, targets, or other sources. The missile's guidance system keeps the missile in the correct flight attitude.
Key factors driving the growth of the missile guidance system market include rise in territorial disputes, growth in defense budget of the military, and development of hypersonic missiles. Various nations throughout the world are investing much in the development of hypersonic missiles to acquire military superiority. The U.S. deploy hypersonic weapons by the mid-2020s, despite increased efforts by Russia and China to deploy hypersonic technologies significantly sooner than the U.S. Russia declared its Avengard missile operational in 2019 and has updated Kh-32s to carry hypersonic missiles, while China has created the DF-17 (a Chinese hypersonic glide vehicle (HGV)) that could potentially strike the United States. Due to this, the U.S.is increasing its spending, which included large contracts to develop hypersonic weapons. For instance, in July 2021, the U.S. Air Force’s AGM-183A Air-Launched Rapid Response Weapon is poised to be the first hypersonic offensive system to move from development to procurement. In addition, the U.S. is also developing a common missile body for use by multiple military branches (C-HGB). According to the Department of Defense, by 2027, the Institute for Defense and Government (IDGA) projects an estimated total of $127.3 billion that will be spent on hypersonic weaponry alone, and Defense Department budget numbers in the U.S. expect $2.5 billion in classified hypersonic work through just 2024. Thus, the rise in initiatives to development for hypersonic weapons is expected to bolster the growth of the missile guidance system market during the forecast period.
The market also offers growth opportunities to the key players in the market. Precision guided weapon system or precision-guided munitions belongs to a category of weapon which can be aimed & directed against a single target. These weapons rely on external guidance system or their own guidance system. In addition, most countries follow the Law of Armed Conflict (LOAC) to minimize collateral damage, including unintentional destruction of civilian property and civilian casualties (CIVCAS). Circular Error Probability (CEP) measures the weapon's accuracy. Moreover, strategic partnerships and collaborations have emerged as key trend in precision-guided munition. For instance, in April 2021, Rheinmetall, a German company that manufactures equipment and systems for government military ground, security, air, and naval forces and specialises in precision-guided munitions, partnered with Northrop Grumman, a US-based aerospace and defense company, to develop precision-guided enhanced range artillery ammunition.
The missile guidance system market is segmented into launch platform, type, end use, and region. On the basis of launch platform, the market is categorized into air-to-air, air-to-surface, surface-to-air, anti-ship and anti-tank. On the basis of type, it is categorized into command guidance system, beam rider guidance system, homing guidance system and inertial guidance system. On the basis of end use, it is fragmented into ground vehicles, combat aircrafts, ships, submarines and UAV’s. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the study include BAE System PLC, ELBIT SYSTEM LTD., Leonardo S.P.A, General Dynamic Corporations, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, Safran S.A., Thales Group, The Boeing Company, DRDOS (Defense Research and Development Organization). The players in the market have been actively engaged in the adoption various strategies such as contract, partnership, product launch and product development to remain competitive and gain advantage over the competitors in the market. For instance, in August 2022, Raytheon Technologies Corp. received an order of $67.3 million to continue providing parts for upgrading the obsolescent AGM-88 High-speed Anti-Radiation Missile counter-radar weapon with improved precision.
Key Market Insights
By launch platform, the surface-to-air segment was the highest revenue contributor to the market, and is estimated to reach $394.9 million by 2031, with a CAGR of 5.2%. However, the air-to-surface segment is estimated to be the fastest growing segment with the CAGR of 5.7% during the forecast period.By type, the beam rider guidance system segment dominated the global market, and is estimated to reach $447.6 million by 2031, with a CAGR of 4.1%. However, the command guidance system segment is expected to be the fastest growing segment with the CAGR of 5.6% during the forecast period.
By end user, the ground vehicle segment was the highest revenue contributor to the market, with $342.7 million in 2021, and is estimated to reach $490.0 million by 2031, with a CAGR of 3.8%.
By region, North America was the highest revenue contributor, accounting for $333.8 million in 2021, and is estimated to reach $492.2 million by 2031, with a CAGR of 4.1%
Companies Mentioned
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Saab Ab
- the Boeing Company
- Drdo
- Thales Group
- General Dynamics Corporation
- Leonardo S.P.A.
- Bae Systems PLC
- Elbit Systems Ltd.
- Safran SA
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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