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Missile Defense System Market Worth $36.17 billion, by 2030 with 4.8% CAGR: IMR

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 encompasses the development, manufacturing, deployment, and maintenance of defense systems designed to detect, intercept, and destroy incoming missiles or other airborne threats. These systems are critical components of national defense strategies, providing protection against ballistic missiles, cruise missiles, unmanned aerial vehicles (UAVs), and other aerial threats. The market includes various types of missile defense systems, such as surface-to-air missile systems, anti-ballistic missile systems, air defense radars, interceptor missiles, and command and control systems. Factors such as geopolitical tensions, military modernization efforts, technological advancements, and evolving threats drive the growth and evolution of the missile defense system market globally.

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7 months ago

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