Market Insights
The missile guidance system market was estimated at US$ 451 million in 2021 and is expected to grow at a CAGR of 5.2% during 2022-2028 to reach US$ ~725 million in 2028.
The electrical and mechanical components of missile guidance systems work together as a whole to steer, control, stabilise, and navigate a missile toward its target. The guiding system uses appropriate techniques to locate the moving target in space and pursues it until it accurately hits the target. The likelihood that a missile will kill in one shot rises when guidance technologies are used (SSKP). These components are found in anti-aircraft, anti-ship, anti-submarine, anti-radiation, and air defence systems missiles.
The market for missile guidance radars is characterized by government’s efforts to improve their current national security systems, growth in the number of missile system pilot demonstrations, and innovation and the adoption of new technology.
Recently, a sizable number of missile demonstrations have been seen. For instance, the Norwegian Defense Ministry recently completed the development and testing phase of an anti-ship missile system by demonstrating it. The NATO Seasparrow project stated that another successful flight test of the Evolved Seasparrow Missile (ESSM) Block 2 had taken place. India intends to test its Brahmos missiles, the terminal guidance of which is provided by active or passes missile guiding radar.
The idea of air-search radars is used by missile guidance radar systems to target the intercept regardless of whether the target engages in evasive behavior. A missile's guidance system uses the data it gathers from the target to find it and travel in the desired direction. The six degrees of freedom on the missiles make it simpler for them to alter course. In order to lock on the target, a missile guidance radar employs radar signals sent from the launch vehicle or station and tracks the energy reflected by the target. Altitude control and flight path control are the two control modules used by missile guidance systems.
By regulating the missile's pitch, yaw, and roll, the altitude control system helps the missile maintain its height on the guided flight path. The missile will always go in the target's direction thanks to the combat path control system. The components of a typical guiding subsystem include a receiver, a stability module, a computer, and servo motors. The stabilization unit in the computer divides the guiding signal that the receiver receives from the target into the desired inputs. The signals are then introduced into the servo motors, which modify the missile control surfaces as necessary.
All of the defence systems in use today employ missile guiding radars. The need for missile guiding radar systems is rising as developed nations look for improved range capabilities to replace their current defence systems. Additionally, NASA and other space organizations employ missile guiding radar when they need such systems to conduct space investigations. The need for missile guidance radars has increased as a result of the growing number of studies looking into the possibility of life on other planets.
Because the technology behind missile guidance radar is constantly being improved, the market for it has proven to be opportunistic. Competition in terms of technology and expanded radar system target ranges is the latest industry trend. This demonstrates a viable market for the technology and is expected to expand further. Due to constraints on the general public, the market is only limited to uses in the defence and aerospace industries. The market is further constrained by the fact that it is heavily concentrated in a few nations, which prevents it from expanding to other geographical areas.
One of the main drivers of market growth for missile guidance systems is the retrofitting of missiles. Budget constraints prevent the majority of forces throughout the globe from purchasing modern aircraft, ships, combat vehicles, or armaments. These limitations do not, however, prevent militaries from employing cutting-edge weaponry. To match the capabilities of current weapons, militaries are concentrating on retrofitting or modifying their older systems with improved electronics or warheads.
One of the main market trends for missile guidance systems that has gained pace is the downsizing of guiding systems. The necessity for small electronics in military and military-based goods has increased as a result of the weapons' reduction in size, weight, and power. The 16-inch Pike missile, which weighs under 2 pounds and is hand-launched by Raytheon, is a precision-guided munition. The 16-inch missile is a fire-and-forget weapon with a semi-active laser guiding system that is built to withstand the missile's jarring acceleration.
Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market. Some of them are:
- Additionally, countries all over the world are increasing their missile production capabilities, which is supporting the demand for missile guiding radars. The long-range air-to-air missile and the Mica air-to-air missile production lines will be launched, according to the French and Iranian defence ministers, respectively. Future market development in the missile guidance radar industry is anticipated to be greatly influenced by expanding advancements and their use. The enhanced missile guidance radar system that the US Navy has added to the ESSM has greatly reduced vulnerability and given ships and planes the ability to "shoot and forget.".
Segment Analysis
The launch platform, type of guidance system, end user, and geography are the segments used to categorise the worldwide market for missile guidance systems. The market is divided into air-to-air, air-to-surface, surface-to-air, anti-ship, and anti-tank missiles based on the platform from which they are launched.
The market is divided into command guidance systems, beam rider guiding system, homing guidance system, and inertial guidance system depending on the kind of guidance system. Ground vehicles, combat aircraft, ships, submarines, and unmanned aerial vehicles are among the final users of missile guidance systems. The market is split into North America, Europe, Asia Pacific, and LAMEA by geographic region. China dominates the Asian market thanks to significant military investment. The two most developed markets are the United States and China, where frequent missile testing contribute to the enduring need for missile guiding radar. Israel and India are both developing as young market nations with advanced military systems. The Brazilian Army has made significant investments in missile intelligence and plans to increase its defensive capabilities. The market demand for missile guidance radar systems tends to increase in the case of space agencies, with the U.S., Russia, Europe, China, India, and Russia leading the pack.
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Report – Features
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Market Segmentation
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4
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Regions Covered
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6
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Countries/Sub-Regions Covered
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14
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No. of Figures & Tables
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>140
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Company Profiles
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10
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Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
