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Ground-Based Aircraft and Missile Defense Systems Market to Grow by USD 6.46 Billion from 2025-2029, Driven by New-Generation Systems and AI-Redefined Landscape – Technavio

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NEW YORK, Jan. 13, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global ground based aircraft and missile defense systems market size is estimated to grow by USD 6.46 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  7.1%  during the forecast period. Development of new-generation air and missile defense systems is driving market growth, with a trend towards increasing lethal threats posed by unmanned aerial vehicles (uavs). However, threats due to supply chain complexities  poses a challenge. Key market players include ASELSAN AS, Elbit Systems Ltd., General Dynamics Corp., Hanwha Corp., Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., RTX Corp., Rheinmetall AG, Saab AB, Thales Group, and The Boeing Co..

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Ground Based Aircraft And Missile Defense Systems Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 7.1%

Market growth 2025-2029

USD 6461.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.5

Regional analysis

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

Performing market contribution

North America at 54%

Key countries

US, China, India, Russia, France, Germany, Canada, Saudi Arabia, Brazil, and Japan

Key companies profiled

ASELSAN AS, Elbit Systems Ltd., General Dynamics Corp., Hanwha Corp., Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., RTX Corp., Rheinmetall AG, Saab AB, Thales Group, and The Boeing Co.

Market Driver

The Ground Based Aircraft and Missile Defense Systems market is experiencing significant growth due to increasing global defense spending and military procurement. Missile Defense Systems, including Surface-to-Air, Air-to-Air, Anti-Ship, and Interceptor Missiles, are in high demand as countries seek to ensure military supremacy. Advanced technologies like Artificial Intelligence and Machine Learning are being integrated into defense systems for early warning and tactical combat advantage. Companies like Rafael Defense Systems are leading the way with innovative solutions. Ballistic and Hypersonic Missiles, along with Electronic Warfare and Stealth Technology, are key areas of focus. Defense budgets continue to increase in response to cross-border disputes, airspace violations, and terrorist activities. Ground-Based Aircraft and Missile Defense Equipment are essential components of advanced defense systems, with simulation exercises and countermeasures playing crucial roles in their development and deployment. 

The market for Ground Based Aircraft and Missile Defense Systems has witnessed significant growth due to the increasing demand for advanced security and surveillance solutions. The adoption of Unmanned Aerial Vehicles (UAVs) in defense applications has been a key trend, with countries investing in lethal, next-generation UAV platforms. UAVs offer enhanced capabilities for reconnaissance and target acquisition, and some are armed for lethal purposes. Maritime warfare has become a major focus due to territorial disputes, necessitating advanced UAVs and associated payloads and subsystems for naval agencies. Overall, the market for Ground Based Aircraft and Missile Defense Systems is expected to continue growing as defense agencies seek to modernize and strengthen their capabilities. 

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Market Challenges

The Ground Based Aircraft and Missile Defense Systems market is witnessing significant growth due to rising military spending and the increasing threat of missile attacks. Companies like Rafael Defense Systems are at the forefront of developing advanced defense systems to ensure military supremacy. However, challenges such as the development of ballistic missiles with hypersonic capabilities and cross-border disputes pose significant threats. Defense budgets continue to increase to fund the procurement of surface-to-air, air-to-air, anti-ship, and interceptor missiles. Advanced defense systems, including early warning systems, electronic warfare, and stealth technology, are being integrated to provide tactical combat advantage. Simulation exercises and countermeasures are essential to test and improve the effectiveness of these systems. The use of artificial intelligence and machine learning in missile defense is also gaining momentum. Despite these advancements, the market faces challenges such as the need for multi-domain integration and the development of boost-phase intercept technology. Defense equipment manufacturers must stay ahead of these challenges to provide effective solutions for military applications and safeguard against airspace violations, terrorist activities, and surveillance data.The defense logistics supply chain for ground-based aircraft and missile defense systems is intricate and susceptible to security risks, as well as challenges related to procurement, storage, and transportation of defense materials and equipment. Unscheduled military movements during emergencies can cause changes in stock maintenance and transportation. The rise in terrorist activities poses additional security concerns. Complexities in sourcing and transportation make the manufacturing of these defense systems challenging. Defense organizations struggle to forecast their requirements, which in turn affects the forecasting of service requirements by logistics providers, resulting in visibility gaps throughout the defense logistics supply chain.

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Segment Overview 

This ground based aircraft and missile defense systems market report extensively covers market segmentation by  

Application 1.1 Short and medium range1.2 Long rangeGeography 2.1 North America2.2 APAC2.3 Europe2.4 Middle East and Africa2.5 South America

1.1 Short and medium range-  Ground-based aircraft and missile defense systems are essential components of modern military arsenals, focusing on the defense against low-altitude air threats, primarily helicopters and close air support aircraft. This defense category includes short-range and medium-range systems, with High to Medium Air Defense (HIMAD) and Terminal High Altitude Area Defense (THAAD) serving as complements. Short-range systems, like Roketsan’s Tayfun missile, can engage threats from close proximity up to approximately 8 km, while medium-range systems can defend against threats from 8 km to 40 km. In November 2024, Roketsan, a Turkish defense company, showcased their innovations, including the Tayfun short-range ballistic missile, which boasts hypersonic speeds and a range exceeding 280 kilometers (174 miles), ensuring national security against various airborne threats.

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Research Analysis

Ground-Based Aircraft and Missile Defense Systems refer to advanced technological solutions designed to intercept and destroy incoming missiles, ensuring military supremacy and safeguarding territories against threats. The market for these systems is driven by defense spending and military procurement, fueled by the increasing tensions and cross-border disputes. Advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) are being integrated into these systems for early warning, tactical combat advantage, and improved accuracy. Missile Defense Systems protect against various types of missiles, including ballistic missiles, surface-to-air missiles, and air-to-surface missiles. New-generation defense systems are being developed with hypersonic capabilities, electronic warfare, and stealth technology to counteract evolving threats. Ground-based aircraft and defense equipment are also crucial components of these systems, deployed at military bases and used for surveillance and airspace violations. The market for these systems is expected to grow significantly due to the increasing need for advanced defense solutions against terrorist activities and potential enemy missile attacks.

Market Research Overview

Ground-Based Aircraft and Missile Defense Systems refer to advanced technological solutions designed to safeguard nations against various types of missile threats, including ballistic, cruise, and hypersonic missiles. These systems utilize a range of technologies such as Artificial Intelligence (AI) and Machine Learning (ML) for early warning, tracking, and interception. Defense spending and military procurement continue to drive the market growth, with significant investments in Surface-to-Air Missiles (SAM), Air-to-Surface Missiles (ASM), Air-to-Air Missiles (AAM), Anti-Ship Missiles (ASM), and Interceptor Missiles. Advanced Missile Defense systems incorporate Boost-Phase Intercept, Electronic Warfare, Stealth Technology, and Multi-Domain Integration for enhanced tactical combat advantage. Ground-Based Aircraft and Missile Defense Equipment play a crucial role in military applications, including simulation exercises, countermeasures, and interceptor deployment against Ballistic Missiles, Intermediate-Range Missiles, and Hypersonic Capabilities. Geopolitical tensions, Cross-Border Disputes, Defense Budget, Military Bases, Airspace Violations, Terrorist Activities, and Surveillance Data are key factors influencing the market dynamics. Fighter Aircraft and Missile Technology also contribute to the overall landscape of this rapidly evolving industry.

Table of Contents:

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

ApplicationShort And Medium RangeLong RangeGeographyNorth 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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SOURCE Technavio

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ChipMOS ANNOUNCES NT$350 MILLION SHARE REPURCHASE PROGRAM

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HSINCHU, Jan. 21, 2025 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today announced that its Board of Directors has authorized a share repurchase program with the total amount up to NT$350 million (approximately US$10.7 million, based on the exchange rate of NT$32.79 to US$1.00 as of December 31, 2024).

Under the program, the company will repurchase up to 10,000,000 shares from the open market on the Taiwan Stock Exchange, representing approximately 1.38% of its issued share capital. The shares will be repurchased within a price range of NT$21.18 to NT$35.00 per share, while the buyback will still be carried out if the stock price falls lower than the aforementioned range. The authorization repurchase program period is from January 22 to March 21, 2025.

S.J. Cheng, Chairman and President of ChipMOS, said, “Our latest repurchase authorization is inline with our capital allocation strategy and directly reflects our view that our shares are undervalued and represent a highly compelling investment opportunity. We remain confident in our financial performance, and focused on the strategic initiatives that will help drive our continued growth and leadership success, as we work to build long-term shareholder value.”

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements:

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

 

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SOURCE ChipMOS TECHNOLOGIES INC.

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Electronic Merchant Systems (EMS) Adds to C-Suite with Additions of GC Honora Moore and Chief of Staff Nicole Kennedy

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CLEVELAND, Jan. 21, 2025 /PRNewswire/ — Electronic Merchant Systems (EMS), a leader in financial technology and payment solutions, announces the appointment of Honora Moore as General Counsel and Nicole Kennedy as Chief of Staff, further bolstering its executive ranks. This follows a strategic majority investment by BharCap Partners, LLC, made in 2024.

Afshin Yazdian, Chairman and CEO, stated, “In the past few months, we have continued to transform EMS and organically grow the organization. Adding Honora and Nicole to our already talented team will help us continue to execute our strategy.”

Honora Moore, EMS General Counsel
Moore brings over 20 years of legal expertise and 16 years of payments industry experience to EMS. Her dynamic career spans litigation, corporate and employment law, risk management, and financial services. A graduate of Fordham Law and a Stein Scholar, Moore has held similar positions at Get Beyond, Global Payments, and Heartland Payment Systems.

“I am thrilled to join EMS during such a transformative time,” Moore says. “I look forward to leading strategic legal operations and supporting my colleagues as we build on EMS’s reputation for excellence.”

Nicole Kennedy, EMS Chief of Staff
Kennedy is a well-known industry veteran with extensive experience in leadership roles at Elavon, Mindbody, and most recently, Global Payments. At Global Payments, Kennedy led the partner relationships group and revenue strategy teams and played a key role in the integration of TSYS after its merger with Global. At Mindbody, she led its international and US payment strategy and integration efforts, growing the processing volume to over $1 Billion monthly. 

In her new role at EMS, Kennedy will guide strategic initiatives, streamline operations, and build partnerships to deliver greater value to merchants. “EMS’s commitment to helping businesses succeed aligns perfectly with my passion for leveraging payments to create meaningful results. I’m excited to join this talented team and contribute to its ongoing success,” says Kennedy.

Leadership Expansion Under Afshin Yazdian
Since joining EMS, Yazdian has focused on empowering the company through talent acquisition and operational excellence. “We are excited to welcome Honora and Nicole to the leadership team. Their experience and expertise will be invaluable as EMS continues to grow its influence and impact within the payments industry,” Yazdian says.

These appointments follow other key hires, including Dan Stanbridge (Chief Risk & Compliance Officer), Nicole Frayn (Director of Underwriting), and Eric McLean (Vice President of Specialized Merchants). 

About Electronic Merchant Systems

Headquartered in Cleveland, Ohio, Electronic Merchant Systems is an industry-leading merchant services provider that businesses depend on for their processing needs. Over 30,000 retail, internet, and omnichannel customers nationwide rely on the firm’s diverse suite of modern payment solutions.

From credit card processing and risk management to gateways and virtual terminals, sales software, and web management, EMS offers comprehensive tools that empower businesses to thrive. EMS also enables frictionless onboarding, swift underwriting, and exemplary post-approval merchant support. Our operations encompass research and development, underwriting, sales, marketing, and end-to-end innovation. EMS further leverages the robust services of its subsidiaries, MaxxPay, Total Touch, Paysley, and PaymentCloud, to drive client success. Discover more at https://www.emscorporate.com.

Contact:

marketing@emscorporate.com

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EXKA SELECTS SOLLUM’S DYNAMIC LED GROW LIGHT SOLUTION FOR ENHANCED CANNABIS PRODUCTION

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SOLLUM’S LIGHTING SOLUTION CHOSEN TO BOOST CANNABIS PRODUCTION

MONTRÉAL, Jan. 21, 2025 /PRNewswire/ – Sollum Technologies is pleased to announce that EXKA, a leading cannabis producer in Québec, Canada, has chosen Sollum’s cutting-edge dynamic LED grow light solution as part of the expansion of their state-of-the art greenhouse facilities in Mirabel. This partnership marks a significant milestone in EXKA’s production capabilities, with the company increasing its greenhouse footprint by 50%.

This decision reflects EXKA’s commitment to leveraging advanced and sustainable lighting strategies to boost production efficiency and crop quality.

“We are excited to partner with Sollum Technologies and benefit from their easy-to-use and innovative lighting solution,” said Dr. Maxime Paris, President of EXKA. “We are committed to improving the agronomic efficiency of cannabis production. Our research demonstrates that adjusting the light spectrum can positively influence yield and the production of secondary metabolites such as cannabinoids and terpenes. We believe that the precision and the customization of controls offered by Sollum’s dynamic LED lighting will play a crucial role in enhancing the growth and potency of our cannabis plants.”

Sollum’s adaptable solution is designed to mimic natural sunlight, providing plants with the exact light spectrum needed to optimize each growth stage. The technology not only improves plant health and yield but also cuts energy consumption and operational costs, aligning with EXKA’s goals of scientific advancement and sustainability.

“We are proud to be selected by EXKA and to support their efforts in pushing the boundaries of cannabis cultivation,” said Kassim Tremblay, Vice President, Strategic Accounts at Sollum Technologies. “Our dynamic LED grow light solution is designed to offer unparalleled flexibility and efficiency, and we are confident that EXKA will see remarkable improvements in their production.”

The collaboration between EXKA and Sollum Technologies underscores the importance of innovative solutions in the rapidly evolving cannabis industry. Both companies are dedicated to pioneering advancements that enhance productivity and sustainability.

For more information about Sollum Technologies and their dynamic LED grow light solution, please visit sollum.tech.

About Sollum Technologies

Sollum Technologies designed the only 100% dynamic LED lighting solution that modulates the full spectrum of the Sun’s natural light to illuminate closed environments such as greenhouses, research centers and laboratories. Sollum’s award-winning, turnkey solution consists of internet of things, AI-powered light fixtures that are controlled by Sollum’s proprietary SUN as a Service® cloud platform. Sollum’s distinctive proposition is a fully scalable cleantech solution that evolves with business needs and multi-zone light management, with each zone benefiting from automatic dimming of an unlimited number of light recipes; this is why it provides unparalleled value in terms of energy savings and, additionally for greenhouse growers, increased productivity, and superior produce quality.

Founded in 2015, the company is headquartered in Montréal (Québec, Canada), where its design, development, and manufacturing activities are concentrated, and has a representative office in Leamington (Ontario, Canada). For more information, visit sollum.tech.

©2025 Sollum Technologies. All rights reserved. SUN as a Service, SUNaaS, LED by nature, SF-E2, SF-ONE, SF-PRO, SF-MAX, S.E.A.R.C.H. and the Sollum logo are registered or trademarks of Sollum Technologies

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