Homing Missile Guidance System Market Size, Share, and Russia-Ukraine War Impact Analysis, By Launch (Air-to-Surface, Air-to-Air, Surface-to-Air, and Surface-to-Surface), By System (Active, Semi-Active, and Passive), By Type (Ballistic and Cruise), By Components (Receiver, Emitter, Inertial Navigation System, Warhead, Flight System, and Others), and Regional Forecast, 2024-2032.

The global homing missile guidance system market is undergoing notable growth, with a substantial CAGR expected during the forecast period leading up to 2032. A homing missile guidance systems is used when a missile has to hit a moving target. This technology offers great accuracy. It is divided into three subsystems- active, semi-active, and passive. The system works on the transmission and reception of electromagnetic signals.

The homing missile guidance system market is driven by the development of new technologies by nations and independent parties across the globe. Nations are annually increasing their military research and development expenditure. Private parties are also competing amongst each other to develop technology that can provide an edge to the user over other products in the homing missile guidance system industry.

Homing Missile Guidance system industry works by marking the target with a laser or an electromagnetic signal. Active-Homing Missiles have a self-guiding mechanism, and follow the fire-and-forget idea. Examples of Active-Homing Missiles include the Advanced Medium Range Air-to-Air Missile (AMRAAM) and Exocet Anti-Ship Missiles. Semi-Active and Passive Homing Missiles need an external transmitter to transmit the signals. This is a better arrangement as there is no added weight in the missile, and makes the missile easier to maneuver. Semi-Active missiles have a computer on-board, which allows them to chart a course towards their target. Passive missiles completely rely on data relayed by the launch vehicle, from single emission to target course plotting.

Development of such complex technology is time consuming, and requires a lot of capital. With the current geopolitical situation tightening around the globe, the increasing expenditure on defense leaves the market plenty of room for growth.

Impact of the Russia-Ukraine War on the Global Homing Missile Guidance System Market:

The ongoing Russia-Ukraine conflict has positively impacted the Global Homing Missile Guidance System Industry. Both sides of the war have seen extensive use of missiles of various types, and have been working to update their R&D to get an edge in the battle. Independent OEMs are also keeping up with the pace of the war, providing key improvements to the existing technologies or introducing new ones, which is great for the market. The increased import of weaponry from other nations for use in the Russia-Ukraine war has also been a good support for the market globally. The export of weaponry from U.S. to Ukraine, including 150 Javellin Anti-Tank missiles, has been worth over USD 39.2 million. The market for homing missile guidance has picked up since the beginning of the war.

The global homing missile guidance system market is segmented into five categories- by launch, by system, by system, by type, by applications, by components, and by region. Based on launch, the market can be divided into air-to-air, sea-to-sea, subsea-to-sea, and others. Based on the type of system employed, we can divide it active, semi-active, and passive system. Based on the type of missile, the market is bifurcated into either ballistic or cruise missile. Based on the application, the market can be divided into underwater interdiction and neutralization, airborne missile and platform interception, anti-tank and anti-armor protection, anti-surface and sub-surface defense, and others. Based on the components, the segmentation can be receiver, emitter, Inertial Navigation System (INS), warhead, flight system, and others. Based on the region, the market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and the Rest of the World.

Key Insights:

The report will describe the following key insights:

• The report analyzes a detailed industry overview, including qualitative and quantitative information.


• The report analyzes an overview and forecast of the Global Homing Missile Guidance System Market based on various segments.


• The report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia-Pacific, Middle-East and Africa, the Rest of the World, after evaluating economic, social, political, and technological factors affecting the Global Homing Missile Guidance System Industry in these regions.

Regional Analysis:

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North America is the dominant region in the homing missile guidance system market, particularly due to the U.S.’s expenditure on their military. Established independent parties are also present in the region, which adds to the regions hold on the current market scenario.

Asia Pacific are growing in the homing missile guidance system industry due to the increasing expenditure on defense by countries like India and China. China is becoming a hub for cheap missiles, and has begun exporting to a number of developing and under developed nations. The growing geopolitical tensions are contributing towards the research and development of the system and growth of the market.

Key Players Covered:

• Defense Research and Development Organization (DRDO)


• Lockheed Martin Corporation


• Raytheon Technologies Corporation


• Honeywell Industries Inc


• Matra


• Leonardo S.p.A


• Brazilian Air Force


• MBDA


• Mitsubishi Heavy Industries


• Northrop Grumman Corporation


• Others

Homing Missile Guidance System Market Segmentation:

Key Industry Developments:

• In January 2023, the Indian Defense Acquisition Council (DAC) approved the acquisition proposals for the Very Short Range Air Defense Systems (VSHORAD), being developed by the Defense Research and Development Organization (DRDO). The VSHORAD is an IR Homing Missile system.


• In May 2022, Raytheon Missiles and Defense (Raytheon Technologies and Lockheed Martin Corporation Joint Venture) received contracts from the U.S. worth USD 309 Million for the production of Javellin missile and launchers, among other equipment. The Javellins are considered one of the world’s deadliest Guided Anti-Tank missiles.