Surface to Air Missiles Market Report 2025 (Global Edition)

Global Surface to Air Missiles Market Report 2025 Market Size Split by Type Outlook: (High Altitude Missile, Hollow Missile, Low Altitude Missile), by Application Outlook: (Fighting, Air Defense, Othe...

Surface to Air Missiles Market Report Description

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Competitive Landscape of the Surface-to-Air Missiles Market

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)

• General Dynamics
• Boeing
• Northrop Grumman
• Saab AB
• Thales Group
• MBDA
• Rafael Advanced Defense Systems Ltd.
• BAE Systems
• Lockheed Martin
• Raytheon Technologies Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Surface-to-Air Missiles Market

Which Region Dominates the Surface-to-Air Missiles Market in 2024?

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.

Which Region is Expanding at the Fastest CAGR?

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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Surface to Air Missiles Market Analysis

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 US had a major share in the Surface to Air Missiles market with a market size of USD 1938.57 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period due to the heightened security concerns and geopolitical tensions.
• The Canada Surface to Air Missiles market had a market share of USD 294.84 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period due to the ongoing technological advancements in surface-to-air missile systems.
• The Mexico Surface Air Missiles market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 223.59 million in 2024.

Europe Surface to Air Missiles Market Analysis

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.

• The United Kingdom Surface to Air Missiles market had a market share of USD 309.58 million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. In the UK, Surface to Air Missiles sales witness an upswing due to the increasing focus on modernizing defence systems.
• The France Surface Air Missiles market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 169.53 million in 2024.
• According to Cognitive Market Research, the German Surface to Air Missiles market size was valued at USD 364.86 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In Germany, Surface Air Missiles surged due to the strong demand for advanced defence technologies.
• The Italy Surface to Air Missiles market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 158.48 million in 2024.
• The Russia Surface to Air Missiles market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 285.63 million in 2024.
• The Spain Surface to Air Missiles market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 151.11 million in 2024
• The Luxembourg Surface to Air Missiles market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 57.13 million in 2024.
• The Portugal Surface to Air Missiles market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 38.70 million in 2024.
• The Greece Surface to Air Missiles market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 22.11 million in 2024.
• The Rest of Europe's Surface to Air Missiles market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 285.63 million in 2024.

Asia Pacific Surface to Air Missiles Market Analysis

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 China Surface to Air Missiles market size was valued at USD 635.75 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Surface-to-air missiles surged in China due to increased defence budgets and modernization of military capabilities.
• The Japan Surface Air Missiles market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 194.96 million in 2024.
• The India Surface Air Missiles market had a market share of USD 169.53 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period due to the rising need for advanced air defence systems to protect critical infrastructure .
• The South Korean Surface Air Missiles market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 141.28 million in 2024.
• The Australian Surface to Air Missiles market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 73.46 million in 2024.
• The South East Asia Surface to Air Missiles market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 97.48 million in 2024.
• The Rest of the Asia Pacific surface-to-missiles market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 100.31 million in 2024.

South America Surface to Air Missiles Market Analysis

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 Brazil Surface to Air Missiles market size was valued at USD 131.45 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Surface Air Missiles flourished in Brazil due to rising concerns over regional security threats and border protection.
• Argentina's Surface to Air Missiles market had a market share of USD 51.60 million in 2024 and is projected to grow at a CAGR of 7.1% during the forecast period due to the growing demand for advanced missile defence systems to counter airspace vulnerabilities.
• Colombia's Surface to Air Missiles market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 27.33 million in 2024.
• Peru Surface to Air Missiles market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 25.18 million in 2024.
• Chile's Surface to Air Missiles market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 22.11 million in 2024.
• The Rest of Latin America's Surface Air Missiles market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 49.45 million in 2024.

Middle East Surface to Air Missiles Market Analysis

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..

• The GCC Countries Surface to Air Missiles market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 52.58 million in 2024. Surface to Air Missiles sales flourish due to the escalating regional security threats and geopolitical tensions.
• The Egypt Surface to Air Missiles market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 12.90 million in 2024.
• The South Africa Surface Air Missiles market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 19.41 million in 2024. Surface to Air Missiles sales flourished in South Africa due to increasing military alliances and defence collaborations among MEA countries.
• The Turkey Surface to Air Missiles market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 10.57 million in 2024.
• The Nigeria Surface to Air Missiles market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 12.90 million in 2024.
• The Rest of the MEA Surface to Air Missiles market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 14.50 million in 2024.

Surface to Air Missiles Market Analysis

How are Segments Performing in the Global Surface Air Missiles Market?

Surface-to-Air Missiles Market Type Segment Analysis

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.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Surface to Air Missiles Industry. Request a Free Sample PDF!

Surface-to-Air Missiles Market Application Segment Analysis

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.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Surface to Air Missiles Launch Type Outlook: Segment Analysis

Surface-to-Air Missiles Market Launch Type Segment Analysis

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.

• Shoulder Launched
• Vehicle Launched

Surface to Air Missiles Range Outlook: Segment Analysis

Surface-to-Air Missiles Market Range Segment Analysis

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.

• 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)

Surface to Air Missiles Missile Type Outlook: Segment Analysis

Surface to Air Missiles Market Missile Type Segment Analysis

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.

• Missile Defense Systems
• Anti-aircraft Missiles
• Anti-ship Missiles
• Anti-tank Missiles

Author's Detail

Tushar Jaybhaye

Senior Research Associate at Cognitive Market Research

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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.

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