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The global Missile Aerodynamic Control System Market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. A missile aerodynamic control system is used to guide the missile to its target. The system comprises of both hardware and software. Hardware consists of three major components- wings, canards, and the tail. The software is used for computing data received from various sensors and adjust the trajectory as required.
The market is mainly driven by the increase in concern regarding a nation’s security. Competition between independent OEMs and state organizations to get an edge over the competitors in the market contributes towards the growth of the market. Increase in production capacities, and improved research and development, are further catalysts for market growth. A major boost for the market is the military expenditure by nations for increasing their military capacities.
A missile after identifying its target has to travel through the air to get to it. A missile is guided through the air by its control system, which consists of both hardware and software. The hardware consists of three main aerodynamic parts- the tips, the wings and the tail. The software is bifurcated into 2 broad categories- Go-onto-Target (GOT) and Go-onto-Location-In-Space (GOSIL). GOT is used for mobile targets, while GOSIL is used for stationary one. The missile travels to the objectives through two modes of propulsion- Ballistic (under the influence of gravity) and Cruise (force applied by thrusters during entire flight). The software and the hardware along with other sensors transmitting metrics work in combination to get the missile to its target.
A major restraint towards the growth of the market is the capital required for investment in new manufacturing set-ups and improving the current technology. This can be countered over time, with new technology that is cheaper and easier to produce.
The ongoing Russia-Ukraine conflict positively impacted the global missile aerodynamic control system market. 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 global missile aerodynamic control system market is segmented into four categories- by components, by system, by type, and by control. Based on components, the market can be trifurcated into wings, canards, and tail. Based on the type of system employed, we can divide it into Go-Onto-Location-In-Space (GOLIS) and Go-Onto-Target (GOT) system. Based on the type of missile, the market is bifurcated into ballistic and cruise missile. Based on the control used, we can divide it into tail control, canard control, wing control, and unconventional control. Based on the geography, the market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and the Rest of the World.
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North America is the dominant region in the market, particularly due to expenditure of the U.S. on their military.
Asia Pacific are growing in the market due to the increasing expenditure on defense by countries such as India and China. China is becoming a hub for cheap missiles, and has begun exporting to a number of developing and underdeveloped nations. The growing geopolitical tensions are contributing towards the research and development of the system and growth of the market.
By Components | By System | By Type | By Control | By Geography |
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