The global surface-to-air missiles market to grow at a CAGR of 4.80% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global surface-to-air missiles market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is development of missiles of various ranges. With increasing focus on surface-to-air missiles, manufacturers, and nations all over the world have gone about extending their portfolio of these missiles.
According to the report, one driver in the market is growing development of MANPADS. The need for MANPADS has grown substantially through the years. These are being used on a large scale by soldiers on the ground to intercept low-flying enemy aircraft. One of the major factors propelling the growth of MANPADS is its attack capabilities on low-flying aircraft, which are typically deployed for bombing or strafing, conducting surveillance and gathering information, or for extracting and resupplying enemy troops. Shooting down these helicopters and aircraft is an effective way to weaken an enemy's attack strategies.
Further, the report states that one challenge in the market is increasing use of missile countermeasures. With accelerating development in the field of missiles, countries are also focusing on investing in the development of military aircraft countermeasure systems against incoming surface-to-air missiles. The most commonly used countermeasure techniques by military aircraft and helicopters are flares and chaffs.
- Denel SOC
- Rafael Advanced Defense Systems
Other prominent vendors
- Bharat Dynamics Limited (BDL)
- General Dynamics
- Lockheed Martin
- Israel Aerospace Industries (IAI)
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by launch type
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/wtqssc/global