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BAE Systems, Lockheed Martin, Raytheon Company, and General Dynamics Harmoniously Exist in the Global Ballistic Missiles Market! The Global Ballistic Missiles Market is projected to record a CAGR of 6.5% during 2016-2022.
Mordor Intelligence
(EMAILWIRE.COM, September 25, 2017 ) The growth of the ballistic missiles market is expected to be led by an increase in the internal and external security threat, rise in territorial disputes and the modernization initiatives undertaken by the armed forces, worldwide. However, the declining defense budget of the developed nations, as well as the stringent technology sharing rules shall hamper the growth of the market. Opportunities are abundant for the manufacturers of ballistic missiles, owing to significant investment by the global defense industry on R&D, in order to enhance the speed, accuracy, destructive capabilities, as well as the stealth capabilities of
ballistic missiles. Request Sample Here. North America is expected to have the largest market share during the forecast period, followed closely by Asia-Pacific at second position. The significant rise in demand from the US military, owing to its engagement in various conflicts shall lead to huge developments for the North American Ballistic Missiles Market. Furthermore, China has also made huge investments in order to develop its ballistic missile-related technologies in order to detect and prevent intrusions into the Chinese territory, by both air and potential long-range strike weapons. The development of ballistic missiles in North Korea is also acting as a key missile procurement driver for Japan, as well as South Korea. Additionally, India has undertaken a Ballistic Missile Development Program for developing and deploying multi-layered ballistic missile defense system, in order to protect its borders from the increasing ballistic missile threats from China and Pakistan. Europe is expected to witness a decline in its market share in the global ballistic missiles market, owing to the current economic crisis and the resulting budget cuts in various European Nations. Browse TOC of This Report The Global Ballistic Missile Market is segmented by range (which includes shortrange, medium-range, intermediate-range and intercontinental-range), and launch mode (which includes surface-to-surface, surface-to-air, air-to-surface, air-to-air and subsea-to-air). The report provides an in-depth analysis of the Global Ballistic Missiles Market across different geographical regions, viz. North America, Europe, South America, Asia-Pacific and the Middle East & Africa, along with country-wise segmentation. The Global Ballistic Missile Market report includes competitive vendor landscape, along with analysis of major companies, such as, BAE Systems, General Dynamics, Lockheed Martin Corporation, Northrop Gumman, Thales Group, Rafael Advanced Defense Systems, Raytheon Company, Rockwell Collins, MBDA Inc., etc. About Mordor Intelligence Mordor Intelligence is a market intelligence and business advisory firm. The company operates in the business of industry analysis & consulting, in over 16 verticals. In today’s fast-paced and competitive business environment, every customer has unique information requirement. With an eye for such requirements, Mordor offers custom market intelligence and advisory services, along with syndicated reports, to help the customers gain an edge over the competition. The company has successfully catered to over 500 (40% of whom are Fortune 500) clients, since 2013.
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