Global Missile Battery Market

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Missile battery market size is expected to experience significant growth over the next 10 years, with emerging technologies impacting its attractiveness and dynamics. Foremost among these is the rise of smart-battery technology which allows for greater remote control of air defense systems an example being Israel’s Iron Dome program which uses automated batteries that can independently identify and engage targets within seconds. Other disruptive innovations in this space include semi-autonomous guided munitions, hypersonic missiles and increased utilization of drone swarms. As technological advancements proliferate, opportunities for defense contractors to create value will expand exponentially, making the missile battery market trends highly lucrative.

Description

Missile Battery Market

Frequently Asked Questions of Missile Battery Market

  • What is a missile battery?
    A battery is a catch-all phrase for a group of missile launchers. It consists of missiles, launchers, and command units.
  • What are the key trends in the market?
    Some of the key trends are sensor fusion and AI
  • What are the segments in the market?
    By Region, Type, and Application
  • Who are the major players in the market?
    Some of the major players are Lockheed Martin, Boeing, and Raytheon
  • Missile Defense Battery equips long and medium-range ballistic missiles with early warning, monitoring, and tracking. A missile battery is made up of a phased array radar, an engagement control station, computers, power generation equipment and eight to ten launchers, each of which carries two to four ready-to-fire missiles.

     

    Surface to Air missile defense systems (SAM) are the most common type of air defense system in operation around the world. SAMs use radar data to guide them to their target. Modern air defense systems can detect and track numerous targets at the same time, as well as engage multiple targets at the same time.

    The system detects threats with long-range radars and relays the information to a command vehicle for friend or foe identification. The data is then transmitted to the engagement radar, which aids in guiding the missile toward the target. Some missile defense systems may destroy objects that fly quite close to the ground. Sea-based air and missile defense systems are thought to be critical for the survival of high-value targets like aircraft carriers.

     

    Air defense systems are also used to safeguard critical assets such as military installations, important government infrastructure, and presidential palaces. Modern Air and Missile Defense Systems are intended to bring together multiple capabilities from across the combined force to protect a specific area against fast-moving air and missile threats. Sensors from all defense capabilities must be coupled in various ways to decide systems that assess and judge how best to deal with inbound threats.

     

    Existing US missile defenses have demonstrated capabilities to defend the US homeland against a small number of intercontinental ballistic missile (ICBM) threats with simple countermeasures, according to the Defense Department’s independent testing division. The United States Army maintains seven THAAD batteries, each with its own AN/TPY-2 radar. In the Pacific, three batteries of six launchers each are stationed: one in South Korea, one in Guam, and one in Hawaii. The first THAAD interceptors were manufactured in March 2011. In August 2018, the Army acquired its 200th operational interceptor.

     

    The Almaz Central Design Bureau of Russia created the S-400 Triumph air defense missile system. By 2015, the Russian Armed Forces had received more than 20 battalions of S-400 Triumph. Russia intends to deploy 56 S-400 battalions by 2020. By July 2019, Russia had delivered two regiments of the S-400 Triumph system to the Chinese Armed Forces. The air defense system S-400 Triumph includes a multifunction radar, autonomous detection, and targeting systems, anti-aircraft missile systems, launchers, and a command and control center. It can launch three different types of missiles to provide a layered defense.

     

    Major factors driving Missile Battery Market Growth

    Force modernization programs will for radar systems and missile defense systems be one of the primary market trends that will drive the growth of the market growth. National procurement programs will also be a primary driver of the market.

    Trends influencing the Missile-Battery Market Size

    As warfighters become overburdened by shorter decision cycles, bigger volumes of data, and more technology systems to manage, the military around the world has realized the need for automated decision aids to support combat management. To date, great attention has been placed on data collecting, data fusion, and data analytics to obtain situational awareness on the battlefield.

    However, there is a new frontier and opportunity for leveraging this data to develop choice options and anticipate the outcomes of military actions. The use of defense artificial intelligence AI is expected to improve battle management decisions in the time-sensitive context of air and missile defense. Integration of AI in air and missile defense systems will be one of the key market trends that will influence the growth of the market.

     

    Missile-Battery Market Forecast & Dynamics

    Increasing defense spending will drive the market. New procurement activities and upgrades to existing platforms with newer capabilities are increasing. The increase in defense spending will encourage the procurement of new air and missile defense systems. Procurement will also be driven by prevailing geo-political conditions in Europe and the Asia Pacific.

    The market forecast includes a comprehensive market analysis and market size. The market analysis includes regional market size, drivers, restraints, and opportunities. The regional analysis also includes country-wise market size.  

     

    Increasing defense spending will drive the market for new procurement activities and upgrades to existing platforms with newer technologies and capabilities. The increase in defense spending will encourage the procurement of new missiles such as air defense systems, cruise missiles, and anti-Ship missiles. Procurement will also be driven by prevailing geo-political conditions in Europe and the Asia Pacific.

     

    Missile Battery Market Analysis for Recent Developments

    The United States Army has received its first Typhon land-based missile launcher, a key step forward in its aspirations to build a Pacific missile wall to deter China. The US Army acquired the first of four prototype Typhon land-based missile launchers as part of its mid-range capability (MRC) program, which addresses the service’s need for long-range precision firing in the Pacific region.

    The Typhon is intended to launch Standard SM-6 or Tomahawk missiles between 500 and 1,800 kilometers, covering a gap between the US Army’s precision strike missile (PSM) and long-range hypersonic weapon (LRHW), which have ranges of 482 and 2,776 kilometers, respectively.

     

    Table of Contents

    Missile Battery Market Report Definition           

     

    Missile Battery Market Segmentation 

    – By Region

    – By Type

    – By Application

     

    Missile Battery Market Analysis for next 10 Years

    The 10-year missile battery market analysis would give a detailed overview of missile battery market growth, changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

     

    Market Technologies of Missile Battery Market

    This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

     

    Global Missile Battery Market Forecast  

    The 10-yearmissile battery market forecast of this market is covered in detailed across the segments which are mentioned above.

     

    Regional Missile Battery Market Trends & Forecast

    The regional missile battery market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking. The current market size is estimated based on the normal scenario.

     

    North America

    – Drivers, Restraints and Challenges

    – PEST

    – Market Forecast & Scenario Analysis

    – Key Companies

    – Supplier Tier Landscape

    – Company Benchmarking

    Europe

    Middle East

    APAC

    South America

     

    Country Analysis of Missile Battery Market

    This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

     

    US

    – Defense Programs

    – Latest News

    – Patents

    – Current levels of technology maturation in this market

    – Market Forecast & Scenario Analysis

    Canada

    Italy

    France

    Germany

    Netherlands

    Belgium

    Spain

    Sweden

    Greece

    Australia

    South Africa

    India

    China

    Russia

    South Korea

    Japan

    Malaysia

    Singapore

    Brazil

     

    Opportunity Matrix for Missile Battery Market

    The opportunity matrix helps the readers understand the high opportunity segments in this market.

     

    Expert Opinions on Missile Battery Market Report

    Hear from our experts their opinion of the possible analysis for this market.

    Conclusions

    About Aviation and Defense Market Reports

    Countries Covered in Missile Battery Market

    US

    Canada

    Italy

    France

    Germany

    Netherlands

    Belgium

    Spain

    Sweden

    Greece

    Australia

    South Africa

    India

    China

    Russia

    South Korea

    Japan

    Malaysia

    Singapore

    Brazil

    Regions Covered in Missile Battery Market

    North America

    South America

    Europe

    Middle East

    Asia

    Segments Covered in Missile Battery Market

    By Region

    By Type

    By Application

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