What Are The Historical And Projected Market Sizes For The Global Anti-Ship Missile Defense System Market?
The anti-counterfeit packaging market size has grown rapidly in recent years. It has expanded from $171.62 billion in 2024 to $191.79 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 11.8%. The growth in the historic period can be attributed to naval warfare evolution, naval arms race, strategic maritime chokepoints, growth in asymmetric threats, military conflict and tensions, and military doctrine shifts.
The anti-counterfeit packaging market size is projected to see rapid growth, reaching $318.36 billion in 2029 at a CAGR of 13.5%. This forecasted expansion can be attributed to rising maritime threats, modernization of naval forces, focus on integrated defense networks, development of hypersonic weapons, geopolitical tensions and territorial disputes. Major trends in the forecast period include the development of counter-hypersonic systems, shift to multi-layered defense, growth in maritime conflicts, integrated defense systems, and focus on interception capabilities.
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What Factors Are Facilitating The Anti-Ship Missile Defense System Market Growth?
The rise in the number of global conflicts is expected to propel the growth of the anti-ship missile defense system market. The increasing maritime security risks and tensions in contested waterways necessitate the ramped-up usage of Anti-Ship Missile Defense (ASMD) systems on naval vessels. For example, in October 2024, according to the House of Lords Library, there were 110 million individuals forcibly displaced due to persecution, conflict, violence, or violations of human rights as of mid-2023. Also, the number of conflicts in the Middle East surged from eight to ten between 2022 to 2023, with battle-related deaths rising from slightly over 5,000 in 2022 to nearly 26,000 in 2023.
What Are the Key Segments Within the Global Anti-Ship Missile Defense System Market?
* By Component:
– Missile Interceptor
– Radar
* By Launch Platform:
– Air
– Surface
– Submarine
* By Application:
– Ballistic Missiles Defense
– Conventional Missile Defense
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Which Key Companies Are Leading The Anti-Ship Missile Defense System Market?
Major companies operating in the anti-ship missile defense system market include BAE Systems plc, General Dynamics Corporation, Leonardo SpA, Lockheed Martin Corporation, MBDA Inc., Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, SAAB AB, Thales Group, Rheinmetall AG, Boeing Company, L3Harris Technologies Inc., Textron Inc., Alliant Techsystems, China Aerospace Science and Industry Corporation, LIG Nex1 Co. Ltd., Aisin Seiki Co. Ltd., Robert Bosch GmbH, Magna International Inc., Continental AG, Johnson Electric, Faurecia SE, Huf Hülsbeck & Fürst GmbH & Co. KG, Stabilus GmbH, Brose Fahrzeugteile GmbH & Co. KG, Mitsuba Corporation
What Major Trends Are Influencing The Anti-Ship Missile Defense System Market?
One significant trend is the ongoing technological advancements in the anti-ship missile defense system market. Major players in the field are developing innovative technologies to bolster their market position. In March 2022, Lockeheed Martin Corporation, a U.S.-based security and aerospace company, announced plans to manufacture six next-generation AGM-158C Long-Range Anti-Ship Missiles (LRASM) for the U.S. Air Force. The missiles will be used against high-priority enemy targets, such as aircraft carriers, troop transport ships, and guided-missile cruisers. A multi-mode sensor suite, weapon data connection, and upgraded digital anti-jam global positioning system (GPS) are integrated in the missile for detecting and eliminating significant targets amid groups of ships at sea.
Which Regions Are Driving The Anti-Ship Missile Defense System Market?
In 2024, North America was the largest regional player in the anti-ship missile defense system market. The report covers other significant regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Anti-Ship Missile Defense System Market Report 2025 Offer?
Anti-ship missile defense systems (ASMD) are designed to protect naval vessels against anti-ship missile threats. Anti-ship missiles are guided missiles primarily aimed at attacking and destroying naval vessels. The Anti-Ship Missile Defense System Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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