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Missiles and Missile Defense Systems Market to Grow by USD 13.94 Billion from 2024-2028 Due to Rising Territorial Disputes, AI Impact on Market Trends – Technavio Report

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NEW YORK, Sept. 2, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global missiles and missile defense systems market size is estimated to grow by USD 13.94 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.43% during the forecast period. Increasing territorial disputes among nations is driving market growth, with a trend towards increasing adoption of ballistic missiles. However, cost and budget constraints associated with development and use of missiles and missile defense systems poses a challenge. Key market players include Almaz Antey Air and Space Defense Corp., BAE Systems Plc, Bharat Dynamics Ltd., China Aerospace Science and Technology Corp., Diehl Stiftung and Co. KG, EDGE Group PJSC, General Dynamics Corp., Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rheinmetall AG, RTX Corp., Saab AB, SAMI, Tactical Missiles Corp., Thales Group, and The Boeing Co..

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Forecast period

2024-2028

Base Year

2023

Historic Data

Segment Covered

Product (Missile defense systems, Surface-to-surface missile, Air-to-surface missile, Surface-to-air missile, and Others), End-user (Army, Airforce, and Navy), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)

Region Covered

North America, APAC, Europe, Middle East and Africa, and South America

Key companies profiled

Almaz Antey Air and Space Defense Corp., BAE Systems Plc, Bharat Dynamics Ltd., China Aerospace Science and Technology Corp., Diehl Stiftung and Co. KG, EDGE Group PJSC, General Dynamics Corp., Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rheinmetall AG, RTX Corp., Saab AB, SAMI, Tactical Missiles Corp., Thales Group, and The Boeing Co.

Key Market Trends Fueling Growth

The Missiles and Missile Defense Systems market encompasses the production, sale, and maintenance of missile systems used for offensive and defensive purposes. Key players include Raytheon, Lockheed Martin, and Northrop Grumman. Growth is driven by increasing geopolitical tensions and modernization of military forces. Missile defense systems, such as Patriot and THAAD, protect against ballistic and cruise missile threats. Offensive missile systems, like cruise and ballistic missiles, are used for strategic military advantage. Market size is expected to expand at a steady pace due to ongoing military modernization efforts.

The global missiles and missile defense systems market is experiencing significant growth due to ongoing military modernization efforts and regional conflicts. Key trends include medium and long range missiles, subsonic and supersonic missiles, and defense systems for various domains such as ground, air, marine, and space. Military spending on advanced weapon systems like fifth-generation Air Defense Systems, Air-To-Air Missiles, Surface-To-Air Missiles, Air-To-Surface Missiles, Anti-Ship Missiles, and Sea Breaker Missiles is driving market expansion. Defense contractors are investing in innovation, including propulsion systems, guidance technologies, warhead innovations, and precision engineering for strategic defense solutions. Simulation exercises and directed energy are also gaining attention. Regular maintenance and deployment of defense platforms, including aircraft, ships, and ground-based systems, are essential for effective missile defense. Overall, the market is focused on providing advanced, efficient, and cost-effective solutions to meet military requirements.

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Market Challenges

The Missiles and Missile Defense Systems market encompasses the production, sale, and maintenance of missiles used for offensive and defensive purposes. Key players in this industry include Raytheon Technologies, Lockheed Martin, and Northrop Grumman. These companies design, manufacture, and supply various types of missiles and missile defense systems to governments and military organizations worldwide. The market is driven by growing military expenditures and the need for advanced defense systems. Additionally, technological advancements and research and development initiatives contribute to market growth.The missiles and missile defense systems market is experiencing significant growth due to regional conflicts and military modernization efforts. Defense contractors are at the forefront of providing strategic defense solutions, developing advanced propulsion systems, guidance technologies, and warhead innovations. Precision engineering is crucial for testing and validating these systems on defense platforms such as aircraft, ships, and ground-based systems. Deployment, regular maintenance, and defense expenditures are ongoing challenges. Hypersonic missiles, AI-integrated systems, network-centric warfare, and cost-effective missile systems are emerging trends. Geopolitical tensions and security threats necessitate continuous modernization programs and international collaborations. Export controls and missile defense systems play a vital role in national security. Radar and sensor technologies, interceptors, military forces, precision-guided munitions, and AI-driven targeting systems are key components. The defense budget and missile defense programs prioritize ballistic missile defense, with systems like Patriot Advanced Capability-3 and stealth aircraft playing a crucial role in interception. Missile launchers and short-range systems are also essential for comprehensive defense.

For more insights on driver and challenges – Download a Sample Report

Segment Overview

This missiles and missile defense systems market report extensively covers market segmentation by

Product1.1 Missile defense systems1.2 Surface-to-surface missile1.3 Air-to-surface missile1.4 Surface-to-air missile1.5 OthersEnd-user2.1 Army2.2 Airforce2.3 NavyGeography3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Missile defense systems- The Missiles and Missile Defense Systems market is a significant sector in the global defense industry. Companies manufacture and sell various types of missiles for offensive and defensive purposes. Missile defense systems protect against incoming missile threats, ensuring national security. Market growth is driven by geopolitical tensions, military modernization, and technological advancements. Key players include Raytheon Technologies, Lockheed Martin, and Northrop Grumman. Collaborations, acquisitions, and research investments shape the competitive landscape.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data ( – ) – Download a Sample Report

Research Analysis

The global missiles and missile defense systems market is driven by regional conflicts and military modernization efforts. The market encompasses various types of missiles, including ballistic and cruise missiles, as well as air defense systems. Key technologies shaping the market include propulsion systems, guidance technologies, and warhead innovations. Precision engineering, testing and validation, and defense budgets are crucial factors in the development and deployment of these systems. Missile defense programs, such as the Patriot Advanced Capability-3, are critical in countering ballistic missile threats. Stealth aircraft and fifth-generation weapon systems are also integral to missile defense strategies. Interception technologies, trajectory analysis, and artificial intelligence are key components of modern missile defense systems. The sea-launched Sea Breaker missile and surface-to-air missiles are notable examples of advanced weapon systems. Military spending on defense and research and development continues to fuel market growth.

Market Research Overview

The Missiles and Missile Defense Systems market is driven by regional conflicts and military modernization efforts worldwide. Propulsion systems, guidance technologies, and warhead innovations are key focus areas for defense contractors developing strategic defense solutions. Precision engineering, testing, and validation are crucial in ensuring the effectiveness of these systems. Defense platforms, including aircraft, ships, and ground-based systems, are essential for deployment and regular maintenance. Defense expenditures continue to rise due to geopolitical tensions and security threats, leading to the development of advanced missile defense systems. Hypersonic missiles, AI-integrated systems, network-centric warfare, and cost-effective missile systems are emerging trends in the market. Space-based missile defense and international collaborations are also gaining traction. Missile defense systems are integral to national security and include various types, such as ballistic missiles, surface-to-air missiles, air-to-air missiles, and anti-ship missiles. Radar and sensor technologies, interceptors, and military forces are essential components of these systems. Precision-guided munitions and AI-driven targeting systems are also crucial for effective interception. Military spending on missile defense programs is increasing, with the development of fifth-generation weapon systems and directed energy. Missile launchers, including short, medium, and long-range systems, are used in various domains, including air, ground, and marine. Simulation exercises are essential for testing and validating these systems’ capabilities. Geopolitical tensions, export controls, and defense budgets continue to influence the market’s dynamics. The market also includes various types of missiles, such as subsonic, supersonic, and hypersonic missiles, and defense systems for various domains, including ground, air, marine, and space.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductMissile Defense SystemsSurface-to-surface MissileAir-to-surface MissileSurface-to-air MissileOthersEnd-userArmyAirforceNavyGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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ZT Mining Pioneers Innovative Solutions in the Cloud Mining Industry

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ZT Mining launches user-friendly cloud mining services with free options, renewable energy integration, and educational resources, promoting sustainable cryptocurrency mining.

READING, England, Dec. 28, 2024 /PRNewswire-PRWeb/ — As the cryptocurrency industry grows, the demand for accessible and efficient mining solutions has never been higher. ZT Mining, a leading innovator in cloud mining, announces a new range of services designed to democratize access to cryptocurrency mining while addressing environmental concerns.

free cloud mining site, best cloud mining, crypto mining

Cloud Mining Made Simple

ZT Mining provides a platform for users to mine Bitcoin and other cryptocurrencies without the need for specialized hardware or technical expertise. By simplifying the process, the company caters to a broad audience, from crypto enthusiasts to first-time investors. Its streamlined registration and user-friendly interface allow participants to start mining in minutes.

Free Cloud Mining Option for Starters

The platform introduces free cloud mining opportunities, enabling users to begin their mining journey without upfront costs. This initiative lowers barriers to entry, making it easier for individuals to explore the cryptocurrency space.

Sustainability at the Core

Recognizing the environmental impact of traditional mining, ZT Mining incorporates renewable energy into its operations. By leveraging green energy sources, the company reduces its carbon footprint, aligning with global sustainability goals.

A Trusted Name in Cloud Mining

ZT Mining emphasizes transparency and reliability. Contracts come with clear terms, competitive rates, and no hidden fees. The platform also offers robust security measures, ensuring user data and funds remain protected.

Empowering Users Through Education

To support informed decision-making, ZT Mining provides educational resources on cryptocurrency and cloud mining. Users can access guides and insights to better understand mining profitability and industry trends.

Industry Recognition

ZT Mining’s innovative approach has positioned it as one of the best cloud mining platforms in the industry. With endorsements from leading crypto analysts and positive user feedback, the company is quickly becoming a trusted name for mining solutions.

Looking Ahead

ZT Mining continues to innovate, aiming to provide even more opportunities for users to benefit from cloud mining. With plans to expand its renewable energy partnerships and introduce advanced mining algorithms, the company is setting the standard for sustainable and user-friendly cryptocurrency mining.

For more information, visit ZT Mining’s official website.

Media Contact

Nancy Delia, ZT CLOUD SERVICES LIMITED, 44 7301463290, nancy.delia@ztmining.com, https://ztmining.com

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SOURCE ZT CLOUD SERVICES LIMITED

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UBHOME Collaborates with Qualcomm to Release the Smart Lawn Mower, Co-Creating a New Era of Smart Life

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The 2025 CES in the United States is about to unveil a brand-new chapter in the future intelligent home gardening

LAS VEGAS, Dec. 28, 2024 /PRNewswire/ — UBHOME, a sub-brand of UBTECH Robotics, announced an intelligent service robot in collaboration with Qualcomm Technologies, Inc. The Robotic Mower M10 is a revolutionary smart lawn mower announced at the 2025 International Consumer Electronics Show (CES) in the United States. This product is powered by the Qualcomm® RB1 Robotics Platform, showcases UBHOME’s rich experience in robot research and development, and focuses on solving the pain points of traditional lawn-mowing equipment, providing users with a worry-free and labor-saving smart gardening experience, and creates a new model of gardening intelligence.

User-Oriented: The All-New Convenience Brought by the Smart Lawn Mower to Life

The Robotic Mower M10 is not only a high performance tool but also an upgrade of the smart lifestyle. In response to the pain points of users when using traditional lawn-mowing equipment, this product offers a series of practical functions, bringing brand-new convenience to home gardening:

Wireless and Borderless Mowing: There is no need for cumbersome boundary wire installation anymore. The device relies on accurate environmental perception and navigation technology to independently plan the work area, allowing users to use it right out of the box, saving installation time and energy.

Automatic Mowing, Saving Time and Effort: The device can automatically complete the lawn mowing work according to the preset schedule or real-time instructions, enabling users to manage the lawn care through delegation to the mower.

Wide Coverage and Stable Signal: It supports a large-scale signal connection of up to 130,000 square meters. Even for extremely large courtyards, stable operation can be ensured, and there is no need to worry about signal loss.

Real-time Online, in-control Anytime: Through APP remote control and real-time monitoring, users can adjust the mowing plan or check the device status at any time, managing the courtyard work as they like.

The combination of these functions not only greatly simplifies the complexity of mowing work but also liberates users from repetitive physical labor, allowing them to focus on enjoying the wonderful moments of life.

UBHOME: In-depth Layout in Smart Home

UBHOME is a brand under UBTECH Robotics that focuses on providing smart solutions for families. As a world-leading robot enterprise, UBTECH, with its strong R&D strength and technological accumulation, has successfully launched Walker, China’s first commercial bipedal human-sized humanoid robot. The launch of the Robotic Mower M10 by UBHOME this time is an important step in its layout in the smart home field.

Relying on UBTECH’s technological accumulation in robots and its in-depth understanding of user needs, the Robotic Mower M10 achieves the best mowing effect through environmental recognition and dynamic adjustment. Whether it is complex terrain, steep slopes, or high requirements for fine mowing, it can perform perfectly, demonstrating its excellent technical capabilities and brand commitment.

Powered by Qualcomm Technologies, Facilitating Intelligent Upgrading

As a global leader in wireless technology and edge intelligence, Qualcomm Technologies provides cutting-edge technical support for the Robotic Mower M10, including intelligent edge computing platforms, dynamic path planning, and environmental perception technologies. These technologies ensure that the device can operate efficiently in various environments, providing users with a precise and efficient smart experience. The Robotic Mower M10 utilizes the Qualcomm RB1 Robotics Platform to ensure the superior operation of the Robotic Mower M10 in large-scale courtyards, laying a solid foundation for realizing smart life.

Industry Significance and Trend: Promoting the Development of Gardening Intelligence

With the continuous increase in the demand for home intelligence, the market for smart gardening equipment is in a period of rapid development. As a typical representative of this trend, the smart lawn mower not only meets consumers’ pursuit of a convenient lifestyle but also provides a direction for the transformation of the gardening industry from tool manufacturing to smart services.

The product released by UBHOME not only fills the gap in the high-performance lawn-mowing equipment market but also sets a new industry benchmark. Through the multiple advantages of wireless, real-time connection, and fully automated operation, it endows home gardening with new value, making users no longer regard mowing as a burden but feel the convenience and fun brought by technology.

Innovation Hand in Hand, Co-creating Smart Life

The collaboration between UBHOME and Qualcomm Technologies showcases a strong collaboration of technology and innovation. Both parties are committed to bringing more convenient and efficient life experiences to consumers through technological innovation.

At the 2025 CES, UBHOME and Qualcomm Technologies will showcase the innovative functions and application scenarios of this Robotic Mower M10.

About UBHOME 

UBHOME is a brand under UBTECH Robotics, focusing on providing smart solutions for families. UBTECH is a world-leading robot enterprise dedicated to the research and development and application of artificial intelligence and robot technology and has successfully served more than 900 enterprise-level customers in more than 50 countries around the world.

Media Contact Information
For more information, please contact:
UBHOME Brand Team: mbu-sales@ubtrobot.com 

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.  

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SOURCE UBTECH ROBOTICS CORP LTD

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Global Launch of JETOUR T2 i-DM: Reshaping the Hybrid SUV Market

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DOHA, Qatar, Dec. 28, 2024 /PRNewswire/ — On December 25, 2024, the First JETOUR Fan’s Festival and the Launch of T2 i-DM was held in Qatar, themed “Think Future”. During the event, JETOUR launched its user brand “Traveler” in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR’s commitment to exploring sustainable travel modes and ambition to become the “The World’s Leading Brand in Hybrid Off-road Vehicles” under the “Travel+” strategy.

JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel.

Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology’s role in producing world-class products. The launch also introduced “Traveler”, enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan’s Festival invited user representatives from across the Middle East to witness the unveiling of “Traveler”, experiencing “Travel+” culture through city tours and co-creation workshops.

JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through “Traveler,” JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the “Travel+” culture worldwide. Mr. Alex Tan, Vice President of JETOUR International, said, “Serving ‘JETOUR users’ and being ‘a user-oriented JETOUR’ are JETOUR’s development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users.”

JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East, embodying JETOUR Speed and the brand’s image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers’ needs and reshape the hybrid SUV market.

The launch of T2 i-DM marks JETOUR’s new journey towards “the World’s Leading Brand in Hybrid Off-road Vehicles.” JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future.

SOURCE JETOUR AUTO

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