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Missile Defense System Market to Garner $36.17 billion, by 2030 with 4.8% CAGR: Introspective Market Research

The Global Missile Defense System Market size is expected to grow from USD 24.86 billion in 2023 to USD 36.17 billion by 2030, at a CAGR of 4.8% during the forecast period (2023-2030).

The Missile Defense System Market focuses on creating, producing, and incorporating advanced technologies designed to detect, track, intercept, and neutralize incoming missiles. This encompasses a broad range of applications, including strategic deterrence and tactical battlefield operations, serving diverse end-users such as national military forces, international defense organizations, private security contractors, and government agencies responsible for homeland security. The growing spectrum of emerging threats and the increased significance of precise weapons countermeasures have highlighted the need for advanced missile defense capabilities. Additionally, the rising military expenditure and investments by nations worldwide are driving the market's growth.

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9 months ago

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