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Global Surface to Air Missiles
Market Report
2025
The global Surface Air Missiles market size will be USD 6142.5 million in 2024. Increasing defence budgets and military modernization worldwide is expected to boost sales to USD 9735.17 million by 2031, with a Compound Annual Growth Rate (CAGR) of 6.80% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Surface Air Missiles market size will be USD 6142.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.80% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 6.8% |
North America Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 5% |
United States Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 4.8% |
Canada Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 5.8% |
Mexico Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 5.5% |
Europe Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 5.3% |
United Kingdom Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 6.1% |
France Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 4.5% |
Germany Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 5.5% |
Italy Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 4.7% |
Russia Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 4.3% |
Spain Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 4.4% |
Rest of Europe Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 4% |
Asia Pacific Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 8.8% |
China Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 8.3% |
Japan Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 7.3% |
India Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 10.6% |
South Korea Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 7.9% |
Australia Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 8.5% |
Rest of APAC Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 8.6% |
South America Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 6.2% |
Brazil Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 6.8% |
Argentina Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 7.1% |
Colombia Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 6% |
Peru Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 6.4% |
Chile Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 6.5% |
Rest of South America Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 5.3% |
Middle East Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 6.5% |
Egypt Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 6.8% |
Turkey Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 6% |
Rest of Middle East Surface to Air Missiles Market Sales Revenue | 121212 | 121212 | 121212 | 5.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Surface to Air Missiles Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Surface-to-Air Missiles (SAM) market is an essential segment of the global defence industry, focusing on systems designed to target and neutralize airborne threats such as aircraft, drones, and missiles. SAMs are deployed by military forces worldwide to ensure airspace security and protect strategic assets from hostile aerial attacks. These systems consist of launch platforms, radar guidance, and interceptors and can be mobile or stationary. They are used by armed forces in defence, air policing, and in response to evolving threats from advanced airborne weaponry. The market is driven by increasing geopolitical tensions, modernization of defence infrastructure, and advancements in missile technology. Additionally, the growing use of unmanned aerial vehicles (UAVs) and the rise in missile attacks have heightened the demand for SAM systems. As nations continue to invest in enhancing their defence capabilities, the market for Surface-to-Air Missiles is expected to experience sustained growth in the coming years.
In January 2024, DRDO carried out a triumphant test of the AKASH-NG missile at the Integrated Test Range (ITR) in India. During the flight test, the missile effectively intercepted and neutralized a high-speed unmanned aerial target manoeuvring at an extremely low altitude. Developed under the renowned Integrated Guided Missile Development Programme (IGMDP), the AKASH-NG missile showcases India's prowess in indigenous missile technology. (Source: https://www.drdo.gov.in/drdo/sites/default/files/newsletter-document/DRDO_NL_August_21.pdf)
Technological advancements in missile guidance, radar, and sensor technologies are another major driver for the growth of the Surface-to-Air Missiles (SAM) market. As military forces demand more accurate, efficient, and reliable air defence solutions, manufacturers are developing SAM systems with enhanced capabilities, such as longer-range interception, better targeting precision, and the ability to neutralize multiple simultaneous threats. Innovations like dual-pulse propulsion systems, improved radar targeting, and AI-driven missile guidance systems are significantly improving the effectiveness of SAMs. These advancements make SAM systems highly versatile and capable of countering a wide range of aerial threats, including high-speed aircraft, drones, and ballistic missiles. As a result, countries are increasingly adopting these advanced SAM technologies to enhance their defence capabilities, driving growth in the market. For instance, Leonardo partnered with the Hellenic Air Force with its Kronos Grand Mobile High Power (GM HP) radar. This radar system is poised to ensure elevated levels of air safety during a range of exercises for the Air Force. Furthermore, it is anticipated to play a pivotal role in bolstering the quality of training, facilitating testing, and validating systems for the Coalition Armed Forces, thereby enhancing overall defence capabilities
Another key driving factor for the Surface-to-Air Missiles (SAM) market is the rising geopolitical tensions and the corresponding increase in defence spending. Countries across the globe are strengthening their defence capabilities in response to growing security threats, territorial disputes, and regional conflicts. The strategic importance of air defence systems in protecting national borders and key infrastructure has led to increased investments in SAM systems. Military forces are increasingly prioritizing airspace protection from various airborne threats, including drones, aircraft, and ballistic missiles. This trend is particularly prominent in regions such as the Middle East, Asia-Pacific, and Europe, where defence budgets are expanding to meet emerging security challenges. Consequently, demand for advanced SAM systems, which offer robust defence capabilities, continues to rise, driving market growth.
The key restraining factor for the surface-to-air missile (SAM) market is the significant cost associated with these advanced defence systems. The development, production, and maintenance of SAM systems require substantial financial investment, which can strain the budgets of countries, particularly in emerging economies or those facing financial challenges. The complexity of these systems, which involves sophisticated radar, guidance technologies, and interceptor missiles, adds to the cost. As a result, many nations are limited in their ability to procure or upgrade SAM systems, thereby slowing the market's growth. Furthermore, the high costs of SAM systems may lead some countries to prioritize alternative defence solutions or rely on older missile systems, reducing overall demand.
The COVID-19 pandemic significantly impacted the Surface-to-Air Missiles (SAM) market by causing disruptions in the global supply chain, manufacturing delays, and reduced defence spending in several countries. The pandemic led to temporary shutdowns of production facilities, slowing down the delivery of key components like radars, missiles, and electronic systems. Additionally, defence budgets were reallocated to immediate healthcare needs and pandemic response efforts, causing delays in military procurement programs and the upgrading of air defence systems. However, the demand for SAMs in strategic regions remained strong, especially in defence-oriented nations with ongoing geopolitical tensions.
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The Surface-to-Air Missiles (SAM) market is highly competitive, with major players leading in advanced technology development, offering a range of SAM systems for defence applications. Companies focus on enhancing missile accuracy, speed, and defence capabilities, along with continuous innovation in radar systems and interceptor technologies. Strategic collaborations with governments and defence agencies are vital for market growth and product advancements.
In September 2022, RTX Corporation was awarded a USD 972 million contract for supplying AMRAAMs for both the US Air Force and US Navy, as well as the militaries of 19 other countries, including the UK, Australia, Italy, Saudi Arabia, and Japan. As per Raytheon, this is the first contract to consist entirely of AIM-120D3 and AIM-120C8 AMRAAMs with the latest form, fit, function refresh (F3R) upgrades that include improved circuit cards and other hardware in the AMRAAM's guidance section, as well as updated software that will make the missiles more capable against advanced threats. (Source: https://www.rtx.com/news/news-center/2024/10/01/rtxs-raytheon-awarded-u-s-navy-contract-for-next-generation-jammer-mid-band-exp) In January 2022, the Philippines signed an agreement with BrahMos Aerospace Private Ltd to procure an anti-ship variant of the BrahMos supersonic cruise missile. The contract was the first export order for the missile and is worth USD 375 million. (Source: https://brahmos.com/newscenter.php?newsid=227)
Top Companies Market Share in Surface to Air Missiles Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Surface Air Missiles market, and the region is expected to have significant growth during the projected period. This is due to its advanced defence infrastructure and significant investments in military technology.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rising geopolitical tensions, increasing defence budgets, and modernizing military infrastructure in countries like China, India, and Japan.
The current report Scope analyzes Surface to Air Missiles Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Surface to Air Missiles market size was estimated at USD 6142.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2457.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
According to Cognitive Market Research, the global Surface to Air Missiles market size was estimated at USD 6142.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1842.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
According to Cognitive Market Research, the global Surface to Air Missiles market size was estimated at USD 6142.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1412.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
According to Cognitive Market Research, the global Surface to Air Missiles market size was estimated at USD 6142.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 307.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
According to Cognitive Market Research, the global surface-to-air missiles market size was estimated at USD 6142.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 122.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031..
Global Surface to Air Missiles Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Surface to Air Missiles Industry growth. Surface to Air Missiles market has been segmented with the help of its Type Outlook:, Application Outlook: Launch Type Outlook:, and others. Surface to Air Missiles market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Surface Air Missiles Market?
According to Cognitive Market Research, low-altitude missiles surface-to-air missiles are likely to dominate the Surface Air Missiles Market over the forecast period due to their effectiveness in countering threats like fighter jets, helicopters, and drones flying at lower altitudes. These systems are cost-efficient, easier to deploy, and offer quick response times, making them essential for modern defence strategies and widely adopted globally.
High altitude missiles are the fastest-growing segment in the Surface Air Missiles Market due to their ability to target threats at greater altitudes, such as ballistic missiles and high-flying aircraft. This capability is crucial for modern defence against advanced aerial threats.
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According to Cognitive Market Research, the air defence segment holds the largest share of the market due to the growing need to protect national airspace from aerial threats. SAMs are essential for safeguarding against aircraft, drones, and missile attacks, driving demand across military sectors. This focus on airspace security significantly fuels SAM's market growth.
In the Surface Air Missiles Market, the other sector has been expanding at a rapid pace due to emerging regional players and advanced defence technologies. Countries with developing defence industries are increasingly investing in SAM systems, expanding their defence capabilities and diversifying supplier options.
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According to Cognitive Market Research, the vehicle-launched segment holds the largest market share due to its mobility and flexibility. These systems can be rapidly deployed across different terrains, providing enhanced strategic advantage. Vehicle-mounted platforms allow for quick repositioning, improving response times and operational effectiveness, which makes them ideal for modern military needs.
In the Surface Air Missiles market, the rapidly growing sector is the shoulder-launched category due to their portability, ease of use, and effectiveness in low-intensity conflicts. These systems are increasingly popular with armed forces and non-state actors for short-range air defence, driving rapid market growth.
According to Cognitive Market Research, the medium (Between 1,000 km and 3,000 km) segment dominates the market due to its balanced capability in targeting both aircraft and missiles at significant distances, offering a cost-effective solution for nations. These systems provide a strategic defence advantage without the high costs of longer-range alternatives.
Medium (Between 1,000 km and 3,000 km) is projected to be the fastest-growing segment in the Surface Air Missiles market due to its ability to defend larger areas, targeting aircraft and missiles at greater distances. They offer a balance between cost, range, and operational effectiveness, appealing to various defence needs.
According to Cognitive Market Research, the anti-aircraft missiles segment dominates the market due to their superior capability in targeting and neutralizing airborne threats such as fighter jets, drones, and bombers. Their advanced guidance systems, speed, and accuracy make them crucial for air defence, especially in modern military operations across various regions.
Anti-tank missiles are projected to be the fastest-growing segment in the Surface Air Missiles market due to increasing demand for versatile defence systems. These missiles offer enhanced capabilities to target ground threats, complementing air defence systems and driving innovation in military arsenals.
Senior Research Associate at Cognitive Market Research
A results driven Market Research Senior Associate with 4 years of experience delivering actionable insights across diverse industries including consumer goods, healthcare, technology, and industrial sectors. Skilled in designing and executing both qualitative and quantitative research methodologies, competitive benchmarking, and data-driven strategy development. Adept at transforming complex market data into clear, strategic recommendations for product development, go-to-market planning, and business expansion.
A results driven Market Research Senior Associate with 4 years of experience delivering actionable insights across diverse industries including consumer goods, healthcare, technology, and industrial sectors. Skilled in designing and executing both qualitative and quantitative research methodologies, competitive benchmarking, and data-driven strategy development. Adept at transforming complex market data into clear, strategic recommendations for product development, go-to-market planning, and business expansion.
Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type Outlook: | High Altitude Missile, Hollow Missile, Low Altitude Missile |
Application Outlook: | Fighting, Air Defense, Other |
Launch Type Outlook: | Shoulder Launched, Vehicle Launched |
Range Outlook: | Short (Up to 1, 000 km), Medium (Between 1, 000 km and 3, 000 km), Intermediate (Between 3, 000 km and 5, 500 km), Intercontinental (More than 5, 500 km) |
Missile Type Outlook: | Missile Defense Systems, Anti-aircraft Missiles, Anti-ship Missiles, Anti-tank Missiles |
List of Competitors | General Dynamics, Boeing, Northrop Grumman, Saab AB, Thales Group, MBDA, Rafael Advanced Defense Systems Ltd., BAE Systems, Lockheed Martin, Raytheon Technologies Corporation |
This chapter will help you gain GLOBAL Market Analysis of Surface to Air Missiles. Further deep in this chapter, you will be able to review Global Surface to Air Missiles Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Surface to Air Missiles. Further deep in this chapter, you will be able to review North America Surface to Air Missiles Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Surface to Air Missiles. Further deep in this chapter, you will be able to review Europe Surface to Air Missiles Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Surface to Air Missiles. Further deep in this chapter, you will be able to review Asia Pacific Surface to Air Missiles Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Surface to Air Missiles. Further deep in this chapter, you will be able to review South America Surface to Air Missiles Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Surface to Air Missiles. Further deep in this chapter, you will be able to review Middle East Surface to Air Missiles Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Surface to Air Missiles. Further deep in this chapter, you will be able to review Middle East Surface to Air Missiles Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Surface to Air Missiles. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Launch Type Outlook: Analysis 2021 - 2033
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Chapter 13 Market Split by Range Outlook: Analysis 2021 - 2033
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Chapter 14 Market Split by Missile Type Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Surface to Air Missiles market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why High Altitude Missile have a significant impact on Surface to Air Missiles market? |
What are the key factors affecting the High Altitude Missile and Hollow Missile of Surface to Air Missiles Market? |
What is the CAGR/Growth Rate of Fighting during the forecast period? |
By type, which segment accounted for largest share of the global Surface to Air Missiles Market? |
Which region is expected to dominate the global Surface to Air Missiles Market within the forecast period? |
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