What Happened
Global Market Insights Forecasts Strong Growth In Naval Defense Spending
The global anti-ship missile defense system market is expected to grow significantly over the next decade, driven by increasing naval modernization programs and the rising threat of hypersonic and advanced anti-ship missiles. According to a report by Global Market Insights, the market was valued at $12.6 billion in 2025 and is expected to reach $21.8 billion by 2035, with a CAGR of 5.8%. The report highlights the growing demand for counter-hypersonic and multi-layer naval defense capabilities, as well as the increasing importance of integrated air and missile defense systems. This growth is expected to be driven by the increasing procurement of advanced naval missile defense systems, including those from leading companies like Lockheed Martin and RTX, as reported by Global Market Insights.