DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "The Global Missiles and Missile Defense Systems Market 2017-2027" report to their offering.
Global Missiles and Missile Defense Systems (MMDS) 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. 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.
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.
Key Topics Covered:
1. Executive Summary
2. Global Missiles and Missile Defense Systems Market - Overview
3. Market Dynamics
4. Missiles and Missile Defense Systems Market - Segment Analysis
5. Regional Review
6. Missiles and Missile Defense Systems Market - Regional Analysis
7. Trend Analysis - Key Defense Markets
8. Key Programs Analysis
9. Competitive Landscape Analysis
- Aerojet Rocketdyne
- BAE Systems
- Boeing, Kongsberg Defense Systems
- Denel Dynamics
- Lockheed Martin
- Missile Design Bureau
- Northrop Grumman
- Orbital ATK
- Rafael Advanced Defense Systems
- Rheinmetall Defense
- Tactical Missiles Corporation
For more information about this report visit http://www.researchandmarkets.com/research/r97hzr/the_global