The Global Missile Defense System Market Size was valued at USD 23.82 billion in 2021 and is estimated to reach USD 28.96 billion by 2026, growing at a CAGR of 3.9% during the forecast period. The Missile Defense System Industry share is expected to witness growth due to a consistent increase in defense budget across the globe and the need for an advanced missile defense system to counter the modern combat around the country’s border. Furthermore, increasing investments in missile defense programs by the governments of several countries, such as India, the US, and China, Saudi Arabia, among others are also expected to offer growth opportunities for the market player.