Global Missile Defense System Market Overview:
Missile defense systems are a type of missile defense planned to protect a country against incoming missiles such as intercontinental ballistic missiles (ICBMs) or other ballistic missiles. There are various countries that develop missiles including the United States, Russia, India, France, Israel, and China. There are different types of missile such as cruise missiles, ballistic missiles, air-to-air missiles, directed energy weapons, and anti-satellite weapons. Some of the key players profiled in the study are MBDA (France), Raytheon (United States), China Aerospace Science and Industry Corporation (China), Almaz Antey (Russia), Rafael Advanced Defense Systems (Israel), Lockheed Martin (United States), Boeing (United States), Kongsberg Defense Systems (Norway), Saab (Sweden) and Northrop Grumman (United States). According to Market Analyst at AMA, the Global Missile Defense System market may see a growth rate of 6.1%
On the basis of geography, the market of Missile Defense System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Spain, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Land Based Defense will boost the Missile Defense System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Investment of Developed County in Missile
- Increasing Demand Due To Rise in Security Threats
- Growing Demand of Ballistic Missile Systems
- Strengthening Defense is Vital Aspect for Nations
- High Cost of Missile Defense System
- Rising Opportunities in Emerging Economics
- Technological Advancements in Radars
- Introduction of Military Aircraft Segments
Major Market Developments:
29th July 2019 Raytheon Company is upgrading Germany's Patriot Integrated Air and Missile Defense System to the most current configuration available under a USD105.5 million direct commercial sales contract from the NATO Support and Procurement Agency. and On 17th June 2019, Raytheon Company is integrating a Warfighter-Machine Interface, or WMI, into PDB 8.1., a soon-to-be-fielded Patriot upgrade. This new command and control technology allows coalition operators of Raytheon's combat-proven Patriot™ air and missile defense system to view complex data in a new, easy-to-understand way.
On 29th August 2018, Raytheon has acquired ESSM Spare Parts. The deal was established for 25 million dollars. and On 23rd March 2018, the supersonic cruise missile BrahMos, created by the joint venture between Defense Research and Development Organisation (DRDO), India and NPO Mashinostroyenia, Russia, was successfully flight-tested for first time at Pokhran test range, Rajasthan, India.
Missile Manufactures, Missile Distributors, Defense Industry, Government and Private Research organization and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Missile Defense System market on the basis of product [Cruise Missiles, Ballistic Missiles, Air-to-Air Missile, Directed Energy Weapons and Anti-Satellite Weapons] , application [Military, Simulation Exercises and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Missile Defense System market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Spain, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Missile Defense System industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Rheinmetall Defense (Germany), Thales (France), General Dynamics (United States), Finmeccanica SPA (Italy) and Reutech Radar Systems (South Africa).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Missile Defense System market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.