The Missiles and Missile Defense Systems market, valued at US$33.1 billion in 2017, is projected grow at a CAGR of 2.18%, to value US$41.0 billion by 2027. The cumulative market for global expenditure on Missiles and Missile Defense Systems is valued at US$384.4 billion over the forecast period.
Missiles and Missile Defense Systems Market Global Industry Analysis From 2017 to 2027 report offers detailed analysis of the global Missiles and Missile Defense Systems market over the next ten years, and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry and analyzes factors influencing demand for Missiles and Missile Defense Systems.
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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, Tactical Missiles Corporation.
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.
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In terms of categories, missile defense systems (MDS) is expected to account for the highest proportion of spending, followed by markets for surface-to-air (SAM), surface-to-surface (SS), air-to-surface (AS), air-to-air (AA), anti-tank (AT) and anti-ship (AS) missiles. 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.
The Asia Pacific is expected to account for the largest share of the total global expenditure on missiles and missile defense systems, with a 53.1% share in the forecast period. High demand in the region is primarily driven by the expenditure on the sector by China, India, and South Korea.
India and China are followed in terms of investment by South Korea which has been majorly spending on air and missile defense systems in light of North Korea’s aggressive stance on developing nuclear weapons. North America accounts for the second largest market share in the global missile & missile defense systems domain and is expected to be the lead technology propagator in the market, with expenditure projected to increase from US$8.4 billion in 2017 to US$8.8 billion in 2027.
During 2017-2027, the region is expected to cumulatively spend US$84.0 billion on the missile & missile defense systems sector.
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In particular, it provides an in-depth analysis of the following:
- Snapshot of the Missiles and Missile Defense Systems market during 2017-2027, including highlights of the demand drivers, trends and challenges. It also provides a snapshot of the spending with respect to regions as well as segments.
- Market Dynamics: Insights into the technological developments in the Missiles and Missile Defense Systems market and a detailed analysis of the changing preferences of governments around the world. It also analyzes changing industry structure trends and the challenges faced by the industry participants.
- Segment Analysis: Insights into the Missiles and Missile Defense Systems market from a segmental perspective and a detailed analysis of factors influencing the market for each segment.
- Regional Review: Insights into modernization patterns and budgetary allocation for top countries within a region.
- Regional Analysis: Insights into the Missiles and Missile Defense Systems market from a regional perspective and a detailed analysis of factors influencing the market for each region.
- Trend Analysis - Key Defense Market: Analysis of the key markets in each region, providing an analysis of the Missiles and Missile Defense Systems segments expected to be in demand in each region.
- Key Program Analysis: Details of the top programs in each segment expected to be executed during the forecast period.
- Competitive landscape analysis: Analysis of competitive landscape of the global Missiles and Missile Defense Systems industry. It provides an overview of key defense companies, together with insights such as key alliances, strategic initiatives and a brief financial analysis.
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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.
This report helps to:
- 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"