Demand for missiles is anticipated to be driven by the ever increasing threat of radical institutions (both state and non-state) with access to weapons of mass destruction which is exemplified by the conduct of rogue states like North Korea and Iran. The Asia Pacific region is the largest spender in the domain with China, India, and South Korea anticipated accounting for the bulk of spending
The market for missile defense systems is anticipated to be the largest category primarily due to the ongoing procurement of missile and air defense systems by countries of the Asia Pacific, North America and European regions. With most countries investing their time and resources for development of long-range intercontinental ballistic missiles (ICBMs) that are capable of carrying nuclear warheads, the establishment of an effective missile defense system to counter such attacks has become equally vital
In particular, the Global Missile and Missile Defense Systems Market report provides an in-depth analysis of the following -
- Market size and drivers: detailed analysis during 2017-2027, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world
- Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of military aircraft segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants
- Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand
- Major programs: details of the key programs in each segment, which are expected to be executed during 2017-2027
- Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis
Key companies listed in the report are Raytheon, MBDA, Rafael Advanced Defense Systems, Lockheed Martin, Boeing, Kongsberg Defense Systems, Saab, BAE Systems, Northrop Grumman, Orbital ATK, Rheinmetall Defense, Aerojet Rocketdyne, Thales, Denel Dynamics, Mectron, Safran, Missile Design Bureau, and Tactical Missiles Corporation.
The Global Missile and Missile Defense Systems Market 2017-2027 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for missile and missile defense systems, key market trends, and challenges faced by industry participants.
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Scope
- Missile and Missile Defense Systems Market is projected to register a CAGR of 2.18% over 2017-2027.
- In terms of categories, missile defense systems segment is anticipated to account for the largest share of expenditure globally, with a market share of 44.6% followed by the surface-to-air segment with a share of 18.3%. Surface-to-surface and air-to-surface are anticipated to account for the third and fourth largest segments in terms of expenditure with a share of 14.7% and 9.2% respectively over the forecast period.
- The remaining market share is held by air-to-air, anti-tank, and anti-ship segments with market share of 6.9%, 3.7% and 2.8% respectively.
Reasons to buy
- Determine prospective investment areas based on a detailed trend analysis of the global missile and missile defense systems market over the next ten years
- Gain in-depth understanding about the underlying factors driving demand for different missile and missile defense systems segments in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
- Identify the major channels that are driving the global military aircraft market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global missile and missile defense systems market
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top missile and missile defense systems providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available
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