Missile Interceptor Market Global Industry Size, Share, Trends, Key Countries Analysis By Lockheed Martin, Boeing, Raytheon, Aerojet Rocketdyne, RADS, CASTCC, Thales and Northrop Grumman

Missile Interceptor Market Research Report Information by Launch Mode (Surface to Air and Surface to Surface), Type (Endoatmospheric and Exoatmospheric), Range (Up to 125 Kms, 125 to 200 Kms, Above 200 Kms), and Region – Global Forecast till 2023

Market Research Future published a half cooked research report on Missile Interceptor market. The Missile Interceptor market projected to register a CAGR around 8% from 2018 to 2023.

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Market Highlights:

The missile interceptor is a surface-to-air anti-missile that is designed to counter ballistic missiles launched in low altitude from any country. As the rise in the number of border security concerns, and changing nature of armed conflict, the countries are inclined towards enhancing their missile arsenal. The factors driving the growth of the missile interceptor market include increase in the number of cross-border threats and increasing military expenses. However, there are some shortcomings in the missile interceptor, such as high manufacturing and defense budget constraints.

Key Players

The key players in missile interceptor market are Lockheed Martin Corporation (U.S.), Boeing (U.S.), Raytheon Company (U.S.), Aerojet Rocketdyne (U.S.), Rafael Advanced Defense Systems Ltd (Israel), China Aerospace Science and Technology Corporation (China), Bharat Dynamics Limited (India), MBDA (France), Thales Group (France), Northrop Grumman Corporation (U.S.).

Segments and Geographic Overview

The missile interceptor market has been segmented into launch mode, type, range, and region. Based on launch mode, it is expected that the surface to air segment is expected to witness the largest demand in the global market, during the forecast period, due to high usage and easy deployment of missiles on the ground. Based on type, exoatmospheric missiles are widely used and expected to comprise the largest share in the market due to rising demand for these missiles in emerging economies. For instance, in 2017, Defense Research Development Organization (DRDO), is a research and development organization of the Republic of India, had test fired indigenously designed and built Ashvin Advanced Defense interceptor missile to destroy incoming ballistic missiles. Based on range, up to 125 km are widely used and expected to comprise the largest share of the market due to the high demand for missiles, such as Iron Dome, Standard Missile 3 (SM-3), and Patriot Advanced Capability-3 (PAC-3). In 2014, Raytheon Company signed an agreement with Rafael Advanced Defense Systems Ltd to provide Iron Dome interceptor by protecting Israel’s population from incoming rockets.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. Europe is expected to grow at the fastest pace during the forecast period, due to high adoption of interceptor missiles across the region, such as Sweden and Romania. For instance, Lockheed Martin signed an agreement with Romania to provide Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles and related support equipment to upgrade the defense system. Asia Pacific would follow Europe in the global market in terms of growth rate due to the high deployment of these missiles owing to rising cross-border threats.

Thus, the missile interceptor market is estimated to witness rapid growth, at a CAGR of approximately 8%, from 2018 to 2023.

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The report for Missile Interceptor Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Table Of Contents

1 Executive Summary

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continues...

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