|
(MoneyNewsWire.Net, February 20, 2018 ) Market Dynamics:
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.
Browse details of 90 pages research report developed on Global Ballistic Missile Market @ https://www.researchcosmos.com/reports/global-ballistic-missile-market-analysis-of-growth-trends-and-forecasts-2018-2023/9477385
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.
Market Segmentation:
• Market Segmentation: Into short range, medium range, intermediate range, and intercontinental
• Launch Mode: Into surface-to-surface, surface-to-air, air-to-surface, air-to-air, subsea-to-surface
• Region: Into North America, South America, Asia-Pacific, Europe, Middle East & Africa
Key Developments:
• October, 2017 - Chemring Defense has entered into a strategic alliance with the US Ministry of Defense to develop a multi-effect rocket system that can fire missiles without emitting smoke. The system is expected to help avoid the detection of the missile’s origin.
The US Office of Naval Research has been researching and developing high-density reactive materials that have the potential to make existing weapons more accurate and powerful.
Avail Sample Market Brochure of the report for more information to understand report usefulness, Get a Copy @ https://www.researchcosmos.com/request/9477385
Key Industry Players:
Key vendors operating in the market are Thales Group, Rafael Advanced Defense System Ltd, Lockheed Martin Corporation's, BAE Systems, General Dynamics, and Northrop Grumman.
Reasons to Purchase this Report:
• Current and future market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet (in excel).
Report Customization and Benefits:
• This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
Inquire before buying this report @ https://www.researchcosmos.com/inquire/8612131
About Research Cosmos:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Kevin Stewart
Sales Manager
Research Cosmos
www.researchcosmos.com
kevin@researchcosmos.com
# +1 888 709 8757
Research Cosmos
Dani Rodriguez
+1 888 709 8757
dani@researchcosmos.com
Source: EmailWire.Com 
|
