Last Updated: 01-08-2025 | Format: PDF | Report ID:20746 | Author: Raj K
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | $24,600 Million |
| What is the projected market size by 2035? | $40,680 Million |
| What is the market CAGR from 2025 to 2035? | 5.2% |
| Which region dominates the market? | South (38%) |
| Which product/service type dominates the market? | Missiles (33%) |
| Which application leads the market? | Land (32%) |
| Who are the major buyers? | Department of Defense (54%), Homeland Security (14%) |
| What are the key market growth drivers? | Increasing US defense modernization programs: In 2025; Rising external security threats: Raytheon Technologies' latest long-range smart missile contracts reflect the need for advanced defense solutions to address heightened geopolitical tensions and emerging threats |
| What are the major market challenges? | Complex regulatory environment: Thales Group and Leonardo face compliance risks amid evolving US export controls and security clearance requirements; Integration complexity with legacy systems: Elbit Systems' recent integration efforts highlight the technical hurdles of aligning new smart weapons with existing military infrastructure |
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? | Lockheed Martin, Raytheon Technologies, Northrop Grumman, Boeing, General Dynamics, BAE Systems, L3Harris Technologies, Textron, Honeywell International, Thales Group, Leonardo, General Atomics, Elbit Systems, SAIC, CACI International |
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