Asia-Pacific Missiles And Missile Defense Systems Market Report 2020 presents an in-depth assessment of the Missiles And Missile Defense Systems including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles, and strategies. The report also presents forecasts for Missiles And Missile Defense Systems investments from 2020 till 2025. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, growth and demand drivers, etc.
The Asia-Pacific missiles and missile defense systems market is anticipated to register a CAGR of over 10% during the forecast period.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Asia-Pacific Missiles And Missile Defense Systems Market: Defense Research and Development Organization, China Aerospace Science and Industry Corporation, Mitsubishi Heavy Industries, JSC Tactical Missiles Corporation, Rafael Advanced Defense Systems Ltd, Israel Aerospace Industries, Raytheon Company, Lockheed Martin Corporation, MBDA, Thales Group, Kongsberg Gruppen ASA
– Asia-Pacific has been one of the global hotspots for military conflicts. The increasing number of territorial issues in the region propelled the countries to procure advanced missiles and missile defense systems to strengthen their defenses against potential adversaries.
– The growth in defense budgets of several nations in the region has also facilitated the procurement of newer missiles and missile defense systems, thereby, driving the growth of the market.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Missiles And Missile Defense Systems Market these regions, from 2020 to 2025 (forecast), covering North America, Asia-Pacific, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Asia-Pacific (Germany, France, UK, Russia, and Italy) Asia–Pacific (China, Japan, Korea, India, and Southeast).
Key Market Trends
Intercontinental Missiles are Anticipated to Register the Highest CAGR During the Forecast Period:
Based on segmentation by range, the intercontinental missiles segment is expected to register the highest growth during the forecast period. The manufacturing and procurement costs of the intercontinental missiles are higher compared to others, as they need to travel farther distances and deliver more lethal warheads (like nuclear weapons) with high accuracy, compared to small, medium, and intermediate-range missiles. In Asia-Pacific, countries like China, India, Pakistan, North Korea, and South Korea, have been developing intercontinental missiles. In addition to the existing intercontinental missiles, countries in the region are also focusing on developing submarine-launched ballistic missiles (SLBMs) that have intercontinental ranges. For instance, India is currently developing the K-6 missile, which is an intercontinental submarine-launched ballistic missile with an expected range of around 6,000 km. The Advanced Naval Systems Laboratory of the Defense Research and Development Organization is developing the K-6. India also successfully test-fired another long-range intercontinental ballistic missile (ICBM), Agni-V from Dr. Abdul Kalam Island in the Bay of Bengal off the coast of the eastern Indian state of Odisha in December 2018. Such developments are expected to help the growth of the segment in the years to come. In addition, the advantages of the intercontinental missiles compared to other types are expected to be a key factor in attracting more investments toward the development of intercontinental nuclear missiles in Asia-Pacific during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Missiles And Missile Defense Systems Market dynamics, structure by identifying and analyzing the market segments and projects the global market size.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
“All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.”
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