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Space-Based Missile Warning and Defense System Market 2030: Executive Summary, Key Trends & Future Outlook
Space-Based Missile Warning and Defense System Market Size & Insights
The Global Space-Based Missile Warning and Defense System Market size was valued at around USD 45 billion in 2024 and is projected to reach USD 66 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7% during the forecast period, i.e., 2025-30. Various factors drive the market growth. The rising geopolitical tension in multiple parts of the globe with threats related to missile attacks is creating a demand for the market. Nations are developing Anti-satellite missiles like the Prithvi Defence Vehicle Mark-II by India, ASM-135A by the US, and others by Russia and China creating an intensive demand for Space-Based Missile Warning & Defense Systems to protect space assets. For instance; L3 HARRIS is designing the constellation of 16 missile-tracking satellites that are to be launched in 2025. Also, India successfully launched INS Dhruv in September 2021,…
