London, UK (PRWEB) October 30, 2014
Demand for missiles is forecast to be fuelled by the ever-increasing threat of radical institutions with access to weapons of mass destruction. The global missiles and missile defense systems market is projected to reach a value of USD 38.5 billion by 2024, growing at a CAGR of just under 4.95% during the forecast period. Missile defense systems will likely account for the better half of spending in the overall missiles and missile defense systems market, with SAMs and SSMs following in.
North America is set to witness the largest investment in the domain with the U.S. formulating long term programmes for missile defense systems and other types of missiles. The APAC region is the second-largest spender in the domain, and is projected to capture the greatest share (35%) of the global expenditure on missiles and missile defense systems during 2014-2024. China takes the lead in the regional spend in the sector, with its intention to close the war-fighting potential gap with the U.S. being the key driver of the nation’s defense capital expenditure, whilst India is the region’s second-largest spender mainly due to its volatile relationship with China and Pakistan. In Europe, investments in the missile and missile defense systems market are expected to see moderate growth mainly owing to defense budget curtailments on account of the high fiscal deficits of the region’s most countries. In the Middle East region expenditure on missiles, missile and air defense systems is primarily driven by the aim to confront the potential threat from Iran’s intercontinental ballistic missiles.
New cutting-edge research report “The Global Missiles and Missile Defense Systems Market 2014-2024” developed by Strategic Defence Intelligence (SDI) is now available at MarketPublishers.com.
Title: The Global Missiles and Missile Defense Systems Market 2014-2024
Published: October, 2014
Price: US$ 4,800.00
The report provides a comprehensive analysis of the world missiles and missile defense systems marketplace. It examines both historical and forecast market values for the global industry, key drivers of demand and growth propellers, latest industry developments and the challenges faced by leading market players. A SWOT analysis of the missiles and missile defense systems marketplace, an in-depth review of the major markets in each region discussed, details of the major programmes to be executed in the offing can also be found in the report. Additionally, the research publication examines the competitive scene of the world missiles and missile defense systems market, as well as provides a shrewd overview of the leading industry players, with coverage of their financials, strategic initiatives, and key alliances.
Reasons to Purchase:
- Understand market size and key drivers with a detailed analysis of the missiles and missile defense systems marketplace, encompassing outlines of the demand drivers and growth propellers for missiles and missile defense systems.
- Stay informed about the spending and modernisation patterns of various regions worldwide.
- Find out how to make firm, practical decisions underpinned by a strong knowledge of latest developments and industry challenges, insights into technology advances, trends of the changing industry structure and the challenges faced by the market players.
More new market research reports by the publisher can be found at SDI page.