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(CityRegions.Com, May 10, 2018 ) The study of “Global Ballistic Missile Market-Analysis of Growth, Trends and Forecasts (2018-2023)” provides the market size information, In-Depth Analysis along with Competitive Insights and Segmentation.
Market Dynamics:
The growth is driven by internal and external security threats, territorial disputes, and modernisation 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, 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.
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Market Segmentation:
Market Segmentation: Into short range, medium range, intermediate range, and intercontinental
Launch Mode: Into surface-to-surface, surface-to-air, air-to-surface, air-to-air, subsea-to-surface
Region: Into North America, South America, Asia-Pacific, Europe, Middle East & Africa
Key Developments :
October, 2017 - Chemring Defense has entered into a strategic alliance with the US Ministry of Defense to develop a multi-effect rocket system that can fire missiles without emitting smoke. The system is expected to help avoid the detection of the missile’s origin.
The US Office of Naval Research has been researching and developing high-density reactive materials that have the potential to make existing weapons more accurate and powerful.
Key Industry Players : Key vendors operating in the market are Thales Group, Rafael Advanced Defense System Ltd, Lockheed Martin Corporation's, BAE Systems, General Dynamics, and Northrop Grumman.
Reasons to Purchase this Report:
Current and future market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel).
Report Customization and Benefits:
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
Companies Mentioned:
BAE SYSTEMS
GENERAL DYNAMIC
LOCKHEED MARTIN CORPORATION
NORTHROP GRUMANN
THALES GROUP
RAFAEL ADVANCED DEFENSE SYSTEMS
RAYTHEON COMPANY
ROCKWELL COLLINS
MBDA INC
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Some of Major Point From TOC
1. Introduction
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Assumptions
2.4 Econometric Forecast Model
3. Executive Summary
4. Key Findings Of The Study
5. Market Overview And Technology Trends
5.1 Current Market Scenario
5.2 Technology Trends
5.3 Porter's Five Forces Analysis
5.3.1 Threat Of New Entrants
5.3.2 Threat Of Substitute Products/Services
5.3.3 Bargaining Power Of Suppliers
5.3.4 Bargaining Power Of Buyers
5.3.5 Intensity Of Competitive Rivalry
Continue...
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Orbis Research
Hector Costello
+1 (214) 884-6817
sales@orbisresearch.com
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