Missile Seekers Market Report 2025

The missile seekers market size has grown strongly in recent years. It will grow from $5.23 billion in 2024 to $5.62 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to military modernization programs, regional security concerns, export opportunities, rise in asymmetric warfare, counter-air and anti-ship operations, counter-ballistic missile systems.

The missile seekers market size is expected to see strong growth in the next few years. It will grow to $7.48 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to emergence of hypersonic missiles, increased focus on electronic warfare, deployment on unmanned platforms, focus on anti-ship missile seekers, global proliferation of missile defense systems. Major trends in the forecast period include advancements in sensor technologies, increased integration of artificial intelligence (ai), miniaturization and weight reduction, multi-spectral imaging capabilities, development of hypersonic missile seeker, integration with network-centric warfare systems.

The growing global demand for missile defense systems is expected to propel the missile seekers market in the coming years. As tensions rise worldwide, countries are increasingly focused on securing their territories against aerial attacks using missile defense systems. These systems utilize missile seekers to accurately target and neutralize incoming missiles or aircraft. For example, in July 2024, Raytheon Company, a U.S.-based defense contractor, announced that its production of the AIM-9X missile has reached 1,400 units annually, with plans to boost output to 2,500 units per year by Lot 25 in 2025. Additionally, in February 2024, Lockheed Martin Corporation, a U.S.-based defense and aerospace manufacturer, increased its HIMARS production capacity from 48 units per year to 60 units per year, with a goal of reaching 96 units annually by the end of 2024. Therefore, the rising demand for missile defense systems is driving the missile seekers market forward.

The missile seekers market is set to expand owing to heightened international conflicts. These conflicts encompass various forms, from diplomatic tensions to military confrontations, impacting sovereign states or international entities. Missile seekers, integral in guided missile systems, play a pivotal role by precisely locating, tracking, and guiding missiles. In June 2023, ReliefWeb reported an increase in non-state conflicts from 76 in 2021 to 82 in 2022, reflecting a global trend. Notably, Africa experiences the most non-state wars, followed by the Americas, further substantiating the market's growth linked to rising international conflicts.

Technological advancements in the missile seekers market represent a significant trend gaining traction. Major companies and defense organizations are developing new seeker technologies to enhance missile target accuracy, providing key players with a competitive edge in the market. For example, in June 2024, Kongsberg Gruppen, a Norway-based aerospace company, secured a $141 million contract from the U.S. Air Force for the full-rate production of the Joint Strike Missile (JSM). This contract marks the first production order for the air-launched JSM, which is specifically designed for the F-35 fighter jet and optimized for ground-attack missions. The JSM, a variant of the Naval Strike Missile (NSM), offers advanced capabilities, including an imaging infrared seeker, GPS, inertial sensors, and terrain-reference navigation. Compared to the NSM, the JSM has a longer range and is tailored to fit within the F-35's internal weapons bay. The contract also includes JSM all-up rounds, containers, and test equipment.

Strategic partnerships are becoming prevalent in the missile seekers market, facilitating the development of interoperable aircraft survivability solutions. Companies collaborate, pooling strengths and resources for mutual benefit. For example, in February 2023, BAE Systems, Inc., collaborated with Leonardo UK, authorized by the U.S. government to create an interoperable aircraft survivability suite. This suite integrates Leonardo's Miysis Directed Infrared Countermeasure (DIRCM) System and BAE Systems' AN/AAR-57 Common Missile Warning System (CMWS). Such collaborations significantly enhance an aircraft's resilience against sophisticated attacks, with the Miysis DIRCM system being a dependable defense against Infrared Man Portable Air Defense Systems (IR MANPADS).

In July 2023, L3Harris Technologies, a U.S.-based aerospace and defense technology company, acquired Aerojet Rocketdyne for an undisclosed amount. This acquisition aims to strengthen L3Harris's propulsion system capabilities and enhance its position in the defense industrial sector, promoting innovation and increasing competition for critical national security and space mission requirements. Aerojet Rocketdyne is a U.S.-based aerospace and defense company that specializes in the development and manufacturing of advanced propulsion systems, including those for space launch vehicles and tactical missiles.

Major companies operating in the missile seekers market are BAE Systems PLC, Leonardo SpA, Raytheon Technologies Corporation, Northrop Grumman Corporation, The Boeing Company, Safran SA, Thales Group, Diehl Defence GmbH & Co. KG, Rafael Advanced Defense Systems Limited, Adani Defence And Aerospace, Defence Research & Development Organisation, Koda Technologies Inc., Vem Technologies Private Limited, Analog Devices Inc., Bharat Electronics Limited, Excelitas Technologies Corp., Marotta Controls Inc., Lockheed Martin Corporation, L3Harris Technologies Inc., Honeywell International Inc., Collins Aerospace Systems, Israel Aerospace Industries Ltd., Roxel Group, Rheinmetall AG, Saab AB, MBDA Italia SpA, Roketsan A.S., Taurus Systems GmbH, QinetiQ Group PLC, Aerojet Rocketdyne Holdings Inc., Orbital ATK Inc., AeroVironment Inc., Textron Inc., General Dynamics Corporation, Kratos Defense & Security Solutions Inc., LIG Nex1 Co. Ltd., Hanwha Corporation, Mitsubishi Electric Corporation.

North America was the largest region in the missile seekers market in 2024. The regions covered in the missile seekers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the missile seekers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Missile seekers are compact systems integral to guiding missiles accurately toward their intended targets. These systems utilize radar technology, detecting heat emissions and radar reflections emitted by the target, thereby directing the missile along a precise trajectory.

The different types of missile seekers serve specific purposes in missile technology. They employ radar-based mechanisms to locate and guide missiles towards their targets. Cruise missiles, among them, are notable for their ability to operate within the Earth's atmosphere, delivering destructive payloads remotely and swiftly. These missiles utilize a range of technologies and launch modes to ensure precision and effectiveness in their missions.

The missile seekers market research report is one of a series of new reports that provides missile seekers market statistics, including missile seekers industry global market size, regional shares, competitors with a missile seekers market share, detailed missile seekers market segments, market trends and opportunities, and any further data you may need to thrive in the missile seekers industry. This missile seekers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The missile seekers market consists of sales of missile seekers that are used to guide the missile on the right path of the target. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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