Shoulder Fired Anti-Tank Market Projected to Reach $3.2 Billion by 2020 – Report by MarketsandMarkets
(PRWEB) May 17, 2014 -- According to the market research report "Shoulder Fired Anti-Tank Anti-Aircraft Short Range Missiles and RPG Market – Global Forecasts and Analysis to 2014 - 2020" published by MarketsandMarkets shoulder anti-tank, anti-aircraft short range missile and RPG market is expected to register growth with a CAGR of 6.03%, and reach $3.2 Billion by the end of 2020
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This report provides a market analysis of the Global Shoulder Fired Anti-Tank, Anti-Aircraft and RPG market over the next six years. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and other key news. The report also analyzes the market share on the basis of Surface to Surface missile and Surface to Air missile. It provides information about the leading competitors in the global Anti-Tank and Anti-Aircraft market and apart from a general overview of these companies; it also provides details on their financial positions, key products, their unique selling points and key developments. This research report also segments the market on the basis of products, types, application and geography, country, forecasting revenues, market share and analyzing trends in each of the sub segments.
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The global shoulder anti-tank, anti-aircraft short range missile and RPG market is expected to register growth with a CAGR of 6.03%, and reach $3.2billion by the end of 2020. Self-Reliance and Man Preferred guided system remain the driving factors for the global anti-tank and anti-aircraft short range missile market. This market is expected to produce around $1.9 million weapons by the end of 2020.
Due to economic downturn, major countries like U.S. and U.K. are witnessing economic difficulties. The US has witnessed budget cuts in the recent past and it is likely to continue in the near future; it has announced a budget cut of US$ 178 billion during 2011-2015. Any budget cut in these countries could slow down the defense industry. Brazil, India, South Korea, China, and Japan are the new leaders in their region, due to their defense spending and their current national security situation. Key players like Raytheon, Rafael Advanced Defense Systems Ltd, Raytheon Company Alliant Techsystems (ATK), MBDA, and Lockheed Martin play a major role in the industry.
Changes in Technology are likely to move anti-tank missiles from unguided to manual guidance.
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