May 4, 2018   SOURCE: BusinessWire

Global Ballistic Missile Market Analysis of Growth, Trends & Forecasts 2018-2023 - ResearchAndMarkets.com

The "Global Ballistic Missile Market - Analysis of Growth, Trends, and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

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, 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 the 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.

Companies Mentioned

  • Bae Systems
  • General Dynamic
  • Lockheed Martin Corporation
  • Northrop Grumann
  • Thales Group
  • Rafael Advanced Defense Systems
  • Raytheon Company
  • Rockwell Collins
  • Mbda Inc.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Key Findings Of The Study

5. Market Overview And Technology Trends

6. Market Dynamics

6. Global Ballistic Missile Market, Segmented By Launch Mode

7. Global Ballistic Missile Market, By Geography

10. Competitive Landscape

9. Company Profiles

11. Future Outlook of The Market

12. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/vc6gvx/global_ballistic?w=4