Naval Missiles And Missile Launch Systems Market Share

Market Share of Naval Missiles And Missile Launch Systems Industry

The market of naval missiles and missile launch systems is consolidated with very few players accounting for the majority share in the market. Some of the prominent players in the naval missiles and missile launch systems market are RTX Corporation, Lockheed Martin Corporation, BAE Systems plc, Elbit Systems Ltd., and Kongsberg Gruppen ASA.

RTX Corporation is a major provider of missile systems to naval forces around the world. In addition to the international, there are many local players in the market, such as the Defence Research and Development Organisation (DRDO) and ROKETSAN A.S., among others. Currently, the increasing emphasis on developing local defense equipment in various countries is expected to strengthen local players' presence in the market. Further to increase their share in the market, the companies are developing new missile systems onboard naval vessels for the armed forces around the world.

Naval Missiles and Missile Launch Systems Market Leaders

1. Lockheed Martin Corporation

2. Elbit Systems Ltd.

3. Kongsberg Gruppen ASA

4. BAE Systems plc

5. RTX Corporation

*Disclaimer: Major Players sorted in no particular order