Missiles and Missile Defense System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The nature of modern warfare has changed with the arrival of more lethal, stealthy, and agile threats. Such change in nature of warfare has enabled countries to invest in defensive expenditure, which has resulted in the development of various missile defense systems. Missile defense systems are used to take defensive measures to nullify incoming missiles such as ballistic missiles, cruise missiles, and others. Missile defense system forms a shield defense in the particular ranger of area and is also used for several operations including air space surveillance with the help of its radars & electro-optic sensors. At present, major companies across the globe are investing heavily in the advancement of missile defense systems.

MARKET SCOPE

The "Global Missiles and Missile Defense System Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the missiles and missile defense system market with detailed market segmentation by range, type and geography. The report provides key statistics on the market status of the leading missiles and missile defense system market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on range, the global missiles and missile defense system market is segmented into short (up to 1000 kms), medium (between 1000 kms and 3000 kms), intermediate (between 3000 kms and 5500 kms), intercontinental (more than 5500 kms)
  
•   On the basis of type, the market is segmented MISSILE defense systems, anti-aircraft missiles, anti-ship missiles, anti-tank missiles
  
  
  

MARKET DYNAMICS

Drivers:

•   The growing conflicts between various countries and the increasing number of investments on missile defense systems being made by different countries worldwide are the major factors driving the market.
  
•   Technological advancements, in terms of missiles and missile defense systems, may lead to various countries procuring advanced missile defense systems, which may propel the growth in the near future.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The missiles and missile defense system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the missiles and missile defense system market in these regions.

IMPACT OF COVID-19ON MISSILES AND MISSILE DEFENSE SYSTEM MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the missiles and missile defense system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from missiles and missile defense system market are anticipated to lucrative growth opportunities in the future with the rising demand for airport tugs in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the missiles and missile defense system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Raytheon Company
  
•   Boeing
  
•   Lockheed Martin Corporation
  
•   Northrop Grumman Corporation
  
•   Frontier Electronic Systems Corp.
  
•   Thales Group
  
•   Israel Aerospace Industries Ltd
  
•   ASELSAN A
  
•   Kongsberg Gruppen ASA
  
•   Saab AB
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Missiles and Missile Defense System Report Scope