Anti-Ballistic Missile System Market Forecast 2030 with Charts, Data Visuals & Insights

Future Global 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.

Top Driver Impacting the Global 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.

North Korean missile tests for ballistic missiles and Iran's missile programs have resulted in Japan, South Korea, and Israel upgrading their ABM systems. Further, Germany's investment in the European Sky Shield Initiative is evidence of how Russia's war with Ukraine has boosted Europe's push for missile defense. Countries are pushing more investment and innovation within the market and more emphasis on space-based monitoring, multi-layered anti-missile defense systems, and AI-driven interception technology due to heightened tensions across the globe.

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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 Smart Irrigation Market

-By Region

North America
South America
Europe
The Middle East and Africa
Asia-Pacific

The main source of the Global Anti-Ballistic Missile System Market is North America, which accounts for roughly 45% of the world's market. Extraordinary military spending, cutting-edge missile defense complexes, and continuous technological development drive the leadership of the region.

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
Others

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