Global Ballistic Missile Market - Analysis of Growth, Trends, Progress and Challenges (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||597203|
|出版日||ページ情報||英文 100 Pages
|世界の弾道ミサイル市場：成長、動向、および予測（2018-2023） Global Ballistic Missile Market - Analysis of Growth, Trends, Progress and Challenges (2018 - 2023)|
|出版日: 2018年04月18日||ページ情報: 英文 100 Pages||
Increasing Global Military Spending
The growth is driven by internal and external security threats, territorial disputes, and modernization initiatives undertaken by armed forces across the world. Opportunities are abundant for manufacturers in the market, as the global defense industry is investing significantly in R&D to enhance the speed, accuracy, destructive powers, and stealth capabilities of ballistic missiles. However, the growth of the global ballistic missile market could be affected by the declining defense budget by developed nations and stringent technology-sharing rules. North America is expected to have the largest market share during the forecast period, followed by Asia-Pacific.
One of the key factors driving the North American ballistic missile market is the continuous demand from the US military, owing to engagement in various global conflicts. China is investing heavily in ballistic missile-related technologies to deter incursions into the Chinese territory, by both aircraft and potential long-range strike weapons. Ballistic missile developments in North Korea also act as a key missile procurement driver for Japan and South Korea. India has undertaken a Ballistic Missile Defence Programme to develop and deploy a multi-layered ballistic missile defense system to protect from rising ballistic missile threats from China and Pakistan. Europe's share of the global market is expected to decrease, owing to the economic crisis, Brexit and resulting budget cuts in many European Nations.
The global ballistic missile market is segmented by type into short range, medium range, intermediate range, and intercontinental, by launch mode, into surface-to-surface, surface-to-air, air-to-surface, air-to-air, subsea-to-surface, and by region into North America, South America, Asia-Pacific, Europe, the Middle East & Africa.
October 2017: Chemring Defense has entered into a strategic alliance with the US Ministry of Defense to develop a multi-effect rocket system that can fire missiles without emitting smoke. The system is expected to help avoid the detection of the missile's origin.
Rafael Defence systems opens missile joint venture in India.
The US Office of Naval Research has been researching and developing high-density reactive materials that have the potential to make existing weapons more accurate and powerful.
Key Industry Players: Key vendors operating in the market are THALES GROUP, RAFAEL ADVANCED DEFENSE SYSTEM LTD, LOCKHEED MARTIN CORPORATION'S, BAE SYSTEMS, GENERAL DYNAMICS, NORTHROP GRUMMAN amongst others.
Reasons to Purchase the Report
To study the current and future market in the developed and emerging regions.
Analyzing various perspectives of the market with the help of Porter's Five Forces Analysis.
Identify the latest developments, market shares, and strategies employed by the major market players.
3-month analyst support along with the Market Estimate sheet (in Excel).
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