DUBLIN--(BUSINESS WIRE)--The "The Global Missiles and Missile Defense Systems Market 2018-2028" report has been added to ResearchAndMarkets.com's offering.
This report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for missiles and missile defense systems, key market trends, and challenges encountered by industry participants.
The global Missiles and Missile Defense Systems (MMDS) market, valued at over US$33 billion in 2018, is projected grow at a CAGR of about 2%, to cross US$41 billion by 2028. The cumulative market for global expenditure on Missiles and Missile Defense Systems is valued at more than US$384 billion over the forecast period.
The Asia Pacific region is the largest spender in the domain, with China, India, and South Korea accounting for the bulk of spending. China dominates regional spending in the sector, with its desire to bridge the military capabilities gap with the US being the primary driver of the country's defense capital spending, while India is the second largest spender in the region primarily due to its volatile relationship with Pakistan and China.
North America is estimated to witness the second largest investment in the sector with the US formulating long-term programs for missile defense systems, as well as other missile types. In Europe, the missile and missile defense systems market is expected to grow steadily due to continued funding allocation. Russia, the UK, and Poland are anticipated to be the largest spenders in the domain within Europe. In the Middle East, spending on missiles, missile defense and air defense systems is mainly driven by the aim to counter the potential threat from Iran's intercontinental ballistic missiles (ICBMs).
In terms of categories, missile defense systems (MDS) is expected to account for the highest proportion of spending, followed by markets for surface-to-surface, surface-to-air, air-to-surface, air-to-air, anti-ship and anti-anti-tank missiles.
- Aerojet Rocketdyne
- BAE Systems
- Denel Dynamics
- Kongsberg Gruppen
- Lockheed Martin
- Northrop Grumman
- Orbital ATK
- Rafael Advanced Defense Systems
- Saab AB
- Safran Electronics & Defense
- Tactical Missiles Corporation
For more information about this report visit https://www.researchandmarkets.com/research/vbc629/the_global?w=4