Missiles and Missile Defense Systems Market - Segmented by Range, Missile Type, and Geography ‚ Growth, Trends, and Forecast (2019 - 2024)

Missiles and Missile Defense Systems Market - Segmented by Range, Missile Type, and Geography ‚ Growth, Trends, and Forecast (2019 - 2024)

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Missiles and Missile Defense Systems Market 

Missiles and Missile Defense Systems (MMDS) market is estimated to register a CAGR of about 10% during the forecast period. The main reason for this growth being the conflicts among various countries and various security threats imposed externally and internally, the increasing terrorism, the nation’s quest for universal dominance and various technological advancements in the field of defense.

There are many advanced missiles that have been developed in the recent past. Some of them are mentioned below:              

Missile Name

Country

Manufacturing Company

Range

Salient Features

LGM-30 Minuteman III ICBM

US

Boeing

>6,000 miles

Can reach speeds up to 15,000 mph

RS-28 Sarmat “Satan 2”

Russia

Makeyev Rocket Design Bureau

>6,800 miles

Has the capability to destroy targets across the North and the South Poles and areas approximately equal to the size of France or Texas.

DF-41

China

China Academy of Launch Vehicle Technology (CALT)

~12,000 kilometers

Can target all areas of Europe, Russia, and the United States, reaching any of these countries within a mere 20 to 25 minutes

Regionally, North America has the largest market share in the Missile and Missile Defense Systems, mainly due to the continuous demand from the US military. The Asia-Pacific is the second largest spending region in the Missiles and Missile Defense Systems Market with China, India, Japan, and South Korea accounting for a larger share of the spending. In terms of amount spent in developing Missiles and Missile Defense Systems in the Asia-Pacific region, India and China are followed by South Korea and Japan. India has undertaken a Ballistic Missile Defense Program to develop and deploy a multi-layered ballistic missile defense system to protect its borders. Both South Korea and Japan have been majorly spending on air and missile defense systems due to their issues with North Korea.

Military Expenditure in %, Global, by Geography, 2017

                                             Military Expenditure by Geography

                                                 Source: SIPRI

Key Players in Missiles and Missile Defense Systems Market

  • MBDA
  • Raytheon Company
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Thales Group

Key Developments  in Missiles and Missile Defense Systems Market

March 2018: The supersonic cruise missile BrahMos, developed by the joint venture between Defense Research and Development Organisation (DRDO), India and NPO Mashinostroyenia, Russia, was successfully flight-tested for first time at Pokhran test range, Rajasthan, India.

March 2018: Russia successfully launched the latest, high-precision aeroballistic Kinzhal hypersonic missile from a MiG-31 supersonic interceptor jet.

Reasons to Purchase Missiles and Missile Defense Systems Market Report

  • Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis
  • Detailed analysis on the segment that is expected to register the highest growth rate
  • Study on the region and country that are expected to dominate the market
  • Identifying 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

Customization of Missiles and Missile Defense Systems Market Report

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

1. INTRODUCTION

                1.1 Scope of Study

                1.2 Market Definition

                1.3 Executive Summary

2. RESEARCH METHODOLOGY

                2.1 Study Deliverables

                2.2 Study Assumptions

                2.3 Research Phases

3. MARKET INSIGHTS

                3.1 Current Market Scenario

                3.2 Technology Trends

                3.3 Industry Attractiveness - Porter's Five Force Analysis

                                3.3.1 Bargaining Power of Suppliers

                                3.3.2 Bargaining Power of Consumers

                                3.3.3 Threat of New Entrants

                                3.3.4 Threat of Substitute Products and Services

                                3.3.5 Competitive Rivalry within the industry

4. MARKET DYNAMICS

               4.1 Drivers

               4.2 Restraints

               4.3 Opportunities

5. MISSILES AND MISSILE DEFENSE SYSTEMS MARKET, SEGMENTED BY RANGE

               5.1 Short range missiles

               5.2 Medium range missiles

               5.3 Intermediate range missiles

               5.4 Intercontinental missiles

6. MISSILES AND MISSILE DEFENSE SYSTEMS MARKET, SEGMENTED BY MISSILE TYPE

               6.1 Missile Defense Systems

               6.2 Surface-To-Surface Missiles

               6.3 Surface-To-Air Missiles

               6.4 Air-To-Surface Missiles

               6.5 Air-To-Air Missiles

               6.6 Anti-Ship Missiles

               6.7 Anti-Tank Missiles

7. MISSILES AND MISSILE DEFENSE SYSTEMS MARKET, SEGMENTED BY GEOGRAPHY

               7.1 Asia-Pacific

                              7.1.1 China

                              7.1.2 India

                              7.1.3 South Korea

                              7.1.4 Rest of Asia-Pacific

               7.2 North America

                              7.2.1 US

                              7.2.2 Canada

                              7.2.3 Rest of North America

               7.3 Europe

                              7.3.1 UK

                              7.3.2 Germany

                              7.3.3 France

                              7.3.4 Sweden

                              7.3.5 Italy

                              7.3.6 Rest of Europe

               7.4 Middle-East and Africa

                              7.4.1 UAE

                              7.4.2 Saudi Arabia

                              7.4.3 Israel

                              7.4.4 South Africa

                              7.4.5 Rest of Middle-East and Africa

               7.5 South America

                              7.5.1 Brazil

                              7.5.2 Argentina

                              7.5.3 Colombia

                              7.5.4 Rest of South America

8. COMPETITIVE LANDSCAPE

               8.1 Introduction

               8.2 Market Share Analysis

9. COMPANY PROFILES

               9.1 MBDA

               9.2 Raytheon Company

               9.3 Lockheed Martin Corporation

               9.4 Northrop Grumman Corporation

               9.5 Thales Group

               9.6 Boeing

               9.7 Rafael Advanced Defense Systems Ltd

               9.8 Tactical Missiles Corporation

               9.9 BAE Systems

               9.10 Orbital ATK, Inc.

               9.11 Safran

               9.12 Aerojet Rocketdyne

10. FUTURE MARKET OUTLOOK

11. DISCLAIMER

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