Missile Defense System Market Size Is Projected to Grow to USD 29.7 Billion by 2026, at a CAGR of 4.4%

Northbrook, IL -- (SBWIRE) -- 10/08/2021 -- According to a research report "Missile Defense System Market by Technology (Fire Control System, Weapon System, Countermeasure System, and Command and Control System), Range (Short, Medium, and Long), Threat type, Domain (Ground, Air, Marine, and Space), and Region - Forecast to 2026", published by MarketsandMarkets™, the Missile Defense System Market size is projected to grow from USD 23.9 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 4.4% from 2021 to 2026. The market is driven by various factors, such as increasing defense programs of nations to protect against various threats, significant investments in indigenous missile defense systems, increasing need for missile detection systems, and increasing use of early warning systems for potential air and missile attacks.