Global Cluster Munitions Market to grow at a CAGR of 2.08% during 2016-2020

Albany, NY, Nov 28: A cluster munition is an air-dropped or ground-launched explosive weapon that ejects smaller submunitions. Cluster bombs release explosive projectiles, which are designed to destroy vehicles, disperse chemical or biological weapons, scatter landmines, and kill personnel. These cluster bombs release many small munitions over a wide area, posing risks to civilians both during attacks and after attacks. Unexploded bomblets can kill civilians and unintended targets long after the conflict has ended as they remain difficult to locate and remove.

The global cluster munitions market to grow at a CAGR of 2.08% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global cluster munitions market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of cluster munitions across several industries.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Cluster Munitions Market 2016-2020, 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
- Textron Systems
- IMI Systems
- L-3 Fuzing and Ordnance Systems
- Lockheed Martin
- NORINCO
- Orbital ATK

Other prominent vendors
- Aeroteh
- China Aerospace Science and Technology Corporation

Market driver
- Cost-effectiveness of cluster munitions
- For a full, detailed list, view our report

Market challenge
- Higher death rate of civilians
- For a full, detailed list, view our report

Market trend
- Growing prominence of AWP
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 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?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.