The new report by Expert Market Research titled, Global Interceptor Missiles Market Share, Size, Price, Trends, Growth, Report and Forecast 2021-2026, gives in-depth analysis of the global interceptor missiles market, assessing the market based on its segments like products, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2016-2026): –
• Forecast CAGR (2021-2026): 9%
With the rise in national security issues, border threats, and the changing nature of warfare, countries like the United States and Russia are focusing on developing missile technology.
Get a Free Sample Report with Table of Contents –https://www.expertmarketresearch.com/reports/interceptor-missiles-market/requestsample
These countries are upgrading their weapon systems, including their propulsion systems and warheads. During the forecast period, the market is expected to expand due to increased investments in the development of missile interceptors. However, the demand is expected to be constrained by a number of factors, including high defence budgets and production costs.
Industry Definition and Major Segments
The anti-ballistic missile (ABM) is a surface-to-air missile designed to counter ballistic missiles such as intermediate-range and intercontinental ballistic missiles, which can be fired from any region.
Read Full Report with Table of Contents –https://www.expertmarketresearch.com/reports/interceptor-missiles-market
The interceptor missiles market is divided based on products into:
• Land-to-Air Missile
• Ship-to-Air Missile
Based on region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Growing investments in the development of missile interceptors are expected to provide market players with growth opportunities. Rising military expenditures and the increase in cross-border threats are driving the global missile interceptor market forward.
North Korea, for example, has entered the arms race by developing new and advanced intercontinental ballistic missiles (ICBMs). Furthermore, amid nuclear sanctions, countries in the Middle East, such as Iran, are suspected of producing ICBMs.
A number of contracts were entered into by key market players, which fuelled market growth. In 2018, Lockheed Martin and the US Missile Defense Agency signed an agreement to develop anti-ballistic missile interceptors. In the same year, Boeing signed a deal with the US Pentagon to create a missile interceptor network to counter North Korean threats. In 2018, North America was the largest regional market, but Europe is projected to grow at the fastest rate over the forecast period.
The market is expected to expand due to the high adoption of interceptor missiles in European countries such as Sweden and Romania. Lockheed Martin, for example, has agreed to sell Patriot Advanced Capability-3 (PAC-3) missiles and associated equipment to Romania in order to upgrade the country’s defence system.
Key Market Player
The major players in the market are The Boeing Co. [NYSE: BA], Thales Group, Raytheon Co., Lockheed Martin Corp., MBDA, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports :
Cell Separation Technologies Market: https://www.marketwatch.com/press-release/global-cell-separation-technologies-market-size-to-grow-at-a-cagr-of-19-in-the-forecast-period-of-2022-2027-2022-11-14?mod=search_headline
Ceramic Matrix Composites Market: https://www.marketwatch.com/press-release/global-ceramic-matrix-composites-market-size-to-grow-at-a-cagr-of-13-in-the-forecast-period-of-2022-2027-2022-11-14?mod=search_headline
Class D Audio Amplifier Market: https://www.marketwatch.com/press-release/global-class-d-audio-amplifier-market-size-to-grow-at-a-cagr-of-9-in-the-forecast-period-of-2022-2027-2022-11-14?mod=search_headline
Physical Security Services Market: https://www.marketwatch.com/press-release/global-physical-security-services-market-size-to-grow-at-a-cagr-of-6-in-the-forecast-period-of-2022-2027-2022-11-14?mod=search_headline
Nanowire Battery Market: https://www.marketwatch.com/press-release/global-nanowire-battery-market-size-to-grow-at-a-cagr-of-35-in-the-forecast-period-of-2022-2027-2022-11-14?mod=search_headline
About Us :
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Media Contact :
Company Name: Claight Corporation
Contact Person: Louis Wane, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA