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Global Ballistic Missile Market - Analysis of Growth, Trends, Progress and Challenges (2018 - 2023)

Global Ballistic Missile Market - Analysis of Growth, Trends, Progress and Challenges (2018 - 2023)

Increasing Global Military Spending

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, the 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.

Market Segmentation

  • The global ballistic missile market is segmented by type into short range, medium range, intermediate range, and intercontinental, by launch mode, into surface-to-surface, surface-to-air, air-to-surface, air-to-air, subsea-to-surface, and by region into North America, South America, Asia-Pacific, Europe, the 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.
  • Rafael Defence systems opens missile joint venture in India.

  • 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.


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  • 1. Introduction
    1.1 Research Methodology
    1.2 General Study Assumptions
    2. Research Methodology
    2.1 Introduction
    2.2 Analysis Methodology
    2.3 Study Assumptions
    2.4 Econometric Forecast Model
    3. Executive Summary
    4. Market Overview And Technology Trends
    4.1 Current Market Scenario
    4.2 Technology Trends
    4.3 Porter's Five Forces Analysis
    4.3.1 Bargaining Power Of The Suppliers
    4.3.2 Bargaining Power Of The Consumers
    4.3.3 Threat Of New Entrants
    4.3.4 Threat Of Substitute Products And Services
    4.3.5 Competitive Rivalry Within The Industry
    5. Market Dynamics
    5.1 Drivers
    5.1.1 Replacement of Aging Aircrafts
    5.1.2 Inceased Defence Expenditure in the developing countries
    5.1.3 Increase in the number of casual fliers
    5.2 Restraints
    5.2.1 Rising Safety Concerns
    5.2.2 Fluctuating aviation guel prices
    5.3 Opportunities
    5.3.1 Increased Technological Inegration
    6. Aviation Market, segmented by type
    6.1 Commercial Aircraft
    6.1.1 Passengers
    6.1.2 Feet
    6.2 Military Aircraft
    6.2.1 Combat aircraft
    6.2.2 Non-Combat aircraft
    6.3 General Aviation
    6.3.1 Helicopter
    6.3.2 Piston Fixed Wing
    6.3.3 Turboprop
    6.3.4 Business Jet
    7. Aviation Market, Segmented by Geography
    7.1 North America
    7.1.1 US
    7.1.2 Canada
    7.1.3 Mexico
    7.1.4 Others
    7.2 Europe
    7.2.1 UK
    7.2.2 France
    7.2.3 Germany
    7.2.4 Italy
    7.2.5 Switzwerland
    7.2.6 Rest of Europe
    7.3 Asia-Pacific
    7.3.1 India
    7.3.2 China
    7.3.3 Japan
    7.3.4 South Korea
    7.3.5 Rest of Asia-Pacific
    7.4 South America
    7.4.1 Brazil
    7.4.2 Argentina
    7.4.3 Others
    7.5 Africa & Middle-East
    7.5.1 Saudi Arabia
    7.5.2 UAE
    7.5.3 South Africa
    7.5.4 Qatar
    7.5.5 Rest of Africa & Middle-East
    8. Competitive Landscape
    8.1 Introduction
    8.2 Market Structure & Analysis
    9. Company Profiles
    9.1 Bombardier Inc
    9.2 Embraer
    9.3 Boeing
    9.4 Airbus
    9.5 Textron Aviation
    9.6 Lockheed Martin
    9.7 Pilatus
    9.8 Finmeccaninca
    9.9 Honda Aircraft Company
    9.10 Piper Aircraft
    9.11 Gulfstream
    9.12 Dassault Aviation
    10. Future Outlook of the market
    11. Disclaimer

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