DUBLIN--(BUSINESS WIRE)--The "Global Ballistic Missile Market - Analysis of Growth, Trends, Progress and Challenges (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The growth of the market is driven by internal and external security threats, territorial disputes, and modernization initiatives undertaken by armed forces across the world. Opportunities are abundant for manufacturers in the market, as the global defense industry is investing significantly in R&D to enhance the speed, accuracy, destructive powers, and stealth capabilities of ballistic missiles.
However, the growth of the global ballistic missile market could be affected by the declining defense budget by developed nations and stringent technology-sharing rules. North America is expected to have the largest market share during the forecast period, followed by Asia-Pacific.
One of the key factors driving the North American ballistic missile market is the continuous demand from the US military, owing to engagement in various global conflicts. China is investing heavily in ballistic missile-related technologies to deter incursions into the Chinese territory, by both aircraft and potential long-range strike weapons. Ballistic missile developments in North Korea also act as a key missile procurement driver for Japan and South Korea.
India has undertaken a Ballistic Missile Defence Programme to develop and deploy a multi-layered ballistic missile defense system to protect from rising ballistic missile threats from China and Pakistan. Europe's share of the global market is expected to decrease, owing to the economic crisis, Brexit and resulting budget cuts in many European Nations.
Market Segmentation
- The global ballistic missile market is segmented by type into short range, medium range, intermediate range, and intercontinental, by launch mode, into surface-to-surface, surface-to-air, air-to-surface, air-to-air, subsea-to-surface, and by region into North America, South America, Asia-Pacific, Europe, the Middle East & Africa.
Companies Mentioned
- BAE Systems
- General Dynamic
- Lockheed Martin Corporation
- Northrop Grumann
- Thales Group
- Rafael Advanced Defense Systems
- Raytheon Company
- Rockwell Collins
- MBDA Inc.
- DRDO
- Rheinmetall Defence
- Israel Aerospace Industries
Key Topics Covered
1. Introduction
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Ballistic Missile Market, Segmented by Launch Mode
6. Ballistic Missile Market, by Geography
7. Competitive Landscape
8. Company Profiles
9. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/q37bgm/global_ballistic?w=4
