Missiles and Missile Defense Systems Market Share, Size, Trends, Growth, Analysis and Overview

Summary

Demand for missiles and missile defense systems are expected to be driven by the ever increasing threat of radical institutions (both state and non-state) with access to weapons of mass destruction which is exemplified by the conduct of rogue states like North Korea and Iran. The Asia Pacific is the largest spender in the domain with China, India, and South Korea anticipated accounting for the bulk of the spending. China dominates regional spending in the sector, with its desire to bridge the military capabilities gap with the US, being the primary driver of the country's defense capital spending while India is the second largest spender in the region primarily due to its volatile relationship with Pakistan and China.

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Key Findings

- The global missile and missile defense systems market is expected to be worth US$23.7 billion in 2015, and is expected increase to US$36.0 billion by 2025

- The Asia Pacific region is estimated to account for the largest share of 39% in the global missile and missile defense systems market, with the region accounting for a cumulative spending of US$129.9 billion over the forecast period. The region will be followed by North America and Europe, with respective spending of US$87.8 billion and US$70.3 billion during 2015-2025

- In terms of segments, missile defense systems which include air defense systems are expected to account for 40% of the global missiles market and surface-to-air missiles are expected to constitute 17% of overall market share during the forecast period. Surface-to-surface missiles and air-to-surface missiles are estimated to account for 15% and 9% respectively. Air-

to-air missiles, anti-tank, and anti-ship missiles are expected to cumulatively hold the remaining 20% share of the total global expenditure

Synopsis

The Global Missile and missile defense systems Market 2015-2025 report offers a...