Last Updated: 01-08-2025 | Format: PDF | Report ID:20701 | Author: Lena
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | $3,700 Million |
| What is the projected market size by 2035? | $6,400 Million |
| What is the market CAGR from 2025 to 2035? | 5.6% |
| Which region dominates the market? | South (37%) |
| Which product/service type dominates the market? | Missile Launchers (34%) |
| Which application leads the market? | Defense (42%) |
| Who are the major buyers? | US Army (46%), Department of Homeland Security (23%) |
| What are the key market growth drivers? | Modernization of US Defense Forces: The ongoing modernization initiatives by the US Army; Heightened National Security Concerns: Increasing geopolitical tensions and domestic preparedness have led to higher demand for advanced |
| What are the major market challenges? | Regulatory and ITAR Compliance: Stringent US arms export laws and complex federal procurement processes (faced by BAE Systems; Market Entry Barriers for Smaller Firms: High development costs and the dominance of established defense primes like Raytheon and Lockheed Martin make it difficult for smaller innovators to break into major procurement programs |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| What is the forecast period? |
| 2026–2035 |
| Who are the key market players? | Raytheon Technologies, Lockheed Martin, Northrop Grumman, Saab AB, Rafael Advanced Defense Systems, MBDA, General Dynamics, Thales Group, BAE Systems, Rheinmetall AG, Elbit Systems, Denel Dynamics, Kongsberg Gruppen, Bharat Dynamics Limited, Mitsubishi Heavy Industries |
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