Global Ballistic Missile Market - Growth, Trends, and Forecast (2018 - 2023)
|出版商||Mordor Intelligence LLP||商品編碼||597203|
|出版日期||內容資訊||英文 105 Pages
|全球彈道飛彈市場:成長，趨勢，及預測(2018-2023) Global Ballistic Missile Market - Growth, Trends, and Forecast (2018 - 2023)|
|出版日期: 2018年03月18日||內容資訊: 英文 105 Pages||
Increasing Global Military Spending
The growth 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 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.
October 2017: Chemring Defense has entered into a strategic alliance with 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.
Rafael Defence systems opens missile joint venture in India.
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.
Mojor Players: THALES GROUP, RAFAEL ADVANCED DEFENSE SYSTEM LTD, LOCKHEED MARTIN CORPORATION'S, BAE SYSTEMS, GENERAL DYNAMICS, NORTHROP GRUMMAN, amongst others
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