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LONDON, GREATER LONDON, UNITED KINGDOM, June 23, 2025 /EINPresswire.com/ -- The missile seekers report describes and explains the missile seekers market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global missile seekers market size reached a value of nearly $5.23089 billion in 2024, having grown at a compound annual growth rate (CAGR) of 5.72% since 2019. The market is expected to grow from $5.23089 billion in 2024 to $7.41640 billion in 2029 at a rate of 7.23%. The market is then expected to grow at a CAGR of 6.61% from 2029 and reach $10.21424 billion in 2034.
What strategies are being adopted by key players in the missile seekers market?
The key players in the market are adopting extensive strategies in the missile seekers market such as:
Strengthening business operations by introducing new product and service launches
Enhancing operational efficiency through strategic partnerships
Expanding operational capabilities by securing new contracts and projects
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To take advantage of opportunities, The Business Research Company suggests that missile seekers companies enhance offerings:
Adopting strategic investments, including factory expansion, to scale up production capacity, meet rising defense demand, and accelerate next-generation seeker technology development
Introducing self-reliance initiatives, such as the development of indigenous RF seekers, to reduce reliance on foreign technologies and bolster domestic defense capabilities
Investing in multi-mode seeker development contracts to enhance targeting precision, increase platform versatility, and strengthen competitive positioning in next-generation missile guidance systems
What Is Missile Seekers: Market Overview?
Missile seekers are sophisticated sensor systems integrated into guided missiles, which enable real-time target acquisition, tracking and guidance. They serve as the “eyes” of the missile, detecting signature emissions, whether radar, infrared, laser reflections, or other forms, which are emitted or reflected by the intended target.
Missile seekers often work alongside complementary systems like external target designators or radar tipping and cueing and alternatives such as pure inertial navigation or GPS-only guidance, which are used where stealth or simpler cost profiles are prioritized.
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Who Are The Major Companies Operating In The Global Missile Seekers Market?
The top 10 competitors in the market made up 36.08% of the total market in 2024. The Lockheed Martin Corporation was the largest competitor with 6.06% share of the market, followed by:
Raytheon Technologies Corporation
BAE Systems plc
Northrop Grumman Corporation
The Boeing Company
Thales Group
Leonardo S.p.A.
MBDA Inc.
Rafael Advanced Defense Systems Ltd.
Saab AB
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. We have published over 15,000 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
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