Missile Seekers Market - Trends Forecast Till 2028

Market Overview

The Missile Seekers Market size is projected to reach a CAGR of 6.9% from 2022 to 2028.

Infrared homing is a passive weapon guidance system which uses the infrared (IR) light emission from a target to track and follow it. Missiles which use infrared seeking are often referred to as "heat-seekers" since infrared is radiated strongly by hot bodies. Many objects such as people, vehicle engines and aircraft generate and emit heat and so are especially visible in the infrared wavelengths of light compared to objects in the background.

Development of smaller missiles and their seekers, growing demand for missile defense systems and advancements in guidance systems are some of the factors that have supported long-term expansion for Missile Seekers Market.

Regional Analysis

North America is projected to be the largest regional share of the missile seekers market during the forecast period. In the North America section, the missile seekers market is majorly divided into two countries: US and Canada. The US is one of the leaders in the missile seekers industry.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• BAE Systems
• Leonardo S.p.A
• Raytheon Technologies
• Northrop Grumman Corporation
• Boeing
• Safran Group
• Thales.

Recent Developments

• In June 2021, Rafael Advanced Defense Systems Ltd. unveils Sea Breaker, a 5th generation long range, autonomous, precision-guided missile system, enabling significant attack performance against a variety of high-value maritime and land targets.
• In October 2020, Raytheon Missiles & Defense, a Raytheon Technologies business, announced the StormBreaker smart weapon, which uses an innovative multi-mode seeker, has been approved for use on the F-15E by the U.S. Air Force's Air Combat Command.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Missile Seekers Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope