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Global Missile Guidance System Market 2017-2021

Global Missile Guidance System Market 2017-2021

About Missile Guidance System

Missile guidance systems incorporate a variety of methods of guiding a missile to hit its intended target. Missile guidance systems remain heavily dependent on network; and any interference with the guidance system through infiltration can cause the missile to go off-course and even destroy its flight path. Hence, with enhancements in the missile systems, there is additional focus on securing software-based guidance systems.

Technavio’s analysts forecast the global missile guidance system market to grow at a CAGR of 2.10% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global missile guidance system market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Missile Guidance System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Boeing
  • General Dynamics
  • Lockheed Martin
  • Raytheon
  • Thales Group
Other prominent vendors
  • BAE Systems
  • DRDO
  • Luna
Market driver
  • Accelerating development and procurement of missiles
  • For a full, detailed list, view our report
Market challenge
  • Growing development of Small Diameter Bomb (SDB) and electromagnetic railgun
  • For a full, detailed list, view our report
Market trend
  • Improved guidance systems for hypersonic missiles
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Missile Guidance System Market 2017-2021

Technavio recognizes the following companies as the key players in the global missile guidance system market: Boeing, General Dynamics, Lockheed Martin, Raytheon, and Thales Group.

Other Prominent Vendors in the market are: BAE Systems, DRDO, and Luna.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Improved guidance systems for hypersonic missiles. The interest in the development of hypersonic systems of propulsion is growing because of their outstanding operational capacities, which are far beyond the existing systems. One of the major reasons behind the development of such super-fast missiles is the fact that more and more countries are focusing on improving their countermeasure capabilities against cruise missiles. Therefore, the need for developing advanced missile systems has gone up. India and Russia are working together on the hypersonic missile, BrahMos II, which is one of the fastest missiles under development.”

According to the report, one of the major drivers for this market is Accelerating development and procurement of missiles. The prime reason behind the accelerating development and procurement of missiles is the increasing number of global territorial disputes, which have led to the investment on various variants of weapon systems. Over the past decades, the world has witnessed several lands and maritime conflicts among countries, and there has been an increase in the number of armed conflicts. The ISIS conflict, the Indo-Pak conflict over Kashmir, the Syrian civil war, the conflict between Russia and Ukraine over Crimea, the Lebanon conflict, and the conflicts between the US and North Korea are just a few examples. This has led to the increasing demand for short- and long-range defense missiles and missile systems.

Further, the report states that one of the major factors hindering the growth of this market is Growing development of Small Diameter Bomb (SDB) and electromagnetic railgun. The Small Diameter Bomb (SDB) system, developed by Boeing, is the next-generation collateral-damage precision strike weapons for external and internal carriage. This system provides a greater range of more than 60 nautical miles, which allows warfighters with precision guidance and compact size to execute their targets. This design results in low maintenance, high performance, and low life-cycle cost to operate.

Companies Mentioned

Boeing, General Dynamics, Lockheed Martin, Raytheon, Thales Group, BAE Systems, DRDO, and Luna.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Some of the prominent missiles and missile defense system projects across theglobe:
    • Key takeaways
      • Table Key takeaways of global missile guidance system market
  • Market landscape
    • Market overview
      • Table Classification of global missile guidance system market 2017
    • Global missile guidance system market
      • Table Global missile guidance system market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global missile guidance system market by product type
      • Table Global missile guidance system market by product type 2016 and 2021 (% share ofrevenue)
      • Table Segmentation of global missile guidance system market by product type 2016-2021($ millions)
    • Global command guidance missile system market
      • Table Global command guidance missile system market 2016-2021 ($ millions)
      • Table Missiles using command guidance missile systems
    • Global homing guidance missile system market
      • Table Global homing guidance missile system market 2016-2021 ($ millions)
      • Table Missiles using homing guidance missile systems
    • Global beam rider guidance missile system market
      • Table Global beam rider guidance missile system market 2016-2021 ($ millions)
      • Table Missiles using homing guidance missile systems
    • Global inertial and GPS guidance missile system market
      • Table Global inertial and GPS guidance missile system market 2016-2021 ($ millions)
      • Table Missiles using inertial and GPS guidance missile systems
  • Market segmentation by geography
    • Global missile guidance system market by geography
      • Table Global missile guidance system market by geography 2016 and 2021 (% share ofrevenue)
      • Table Global missile guidance system market by geography 2016-2021 ($ millions)
    • Missile guidance system market in APAC
      • Table Missile guidance system market in APAC 2016-2021 ($ millions)
    • Missile guidance system market in Americas
      • Table Missile guidance system market in Americas 2016-2021 ($ millions)
    • Missile guidance system market in EMEA
      • Table Missile guidance system market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Improved guidance systems for hypersonic missiles
    • Adaptive missile guidance through GPS
    • Reduction in size, weight, and power (SWaP) of guidance systems
  • Vendor landscape
    • Competitive landscape
      • Table Major vendors operating in global missile guidance system market 2017
    • Boeing
      • Table Boeing: Geographical segmentation by revenue 2016 (%)
      • Table Missile guidance systems in Minuteman missile
    • General Dynamics
      • Table General Dynamics: Business segmentation by revenue 2016 (%)
    • Lockheed Martin
      • Table Lockheed Martin: Business segmentation by revenue 2016 (%)
    • Raytheon
      • Table Raytheon: Business segmentation by revenue 2016 (%)
    • Thales Group
      • Table Thales Group: Business segmentation by revenue 2016 (%)
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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