The global aerospace, defence & security industry experienced a 10% rise in company filings mentions of missile defense in Q2 2023 compared with the previous quarter, with the highest share accounted for by Northrop Grumman with 2000% year-on-year increase, according to GlobalData’s analysis of over 20 aerospace, defence & security company filings. GlobalData’s Missiles and Missile Defense Systems Market Size and Trend Analysis, Competitive Landscape, and Forecast, 2022-2032 report offers an in-depth understanding of the key market drivers, trends, latest technological developments, and major challenges faced by industry participants. Buy the report here.
Notably, missile defense was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of ecommerce and big data, according to GlobalData.
Of the top leading companies in the aerospace, defence & security industry, Northrop Grumman had the greatest increase in references for missile defense in Q2 2023, compared with the previous quarter. GlobalData identified 21 missile defense-related sentences in the company's filings - 3% of all sentences - and an increase of 2000% in Q2 2023 compared with Q2 2022. Lockheed Martin’s mentions of missile defense rose by 200% to 9 and Raytheon Technologies’s by 20% to 4.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for missile defense in Q2 2023 was 98.
For further understanding of GlobalData's Missiles and Missile Defense Systems Market Size and Trend Analysis, Competitive Landscape, and Forecast, 2022-2032 buy the report here.