Surface to Air Missiles Market Estimated to Observe Significant Growth During 2017 – 2023

Surface-to-air missile (SAM) or Ground-to-air missile (GTAM) is a missile launched from ground position to intercept and destroy enemy aircraft or missiles. It has excellent acceleration that is usually guided by radar or infrared. Radar is one of the major components of surface-to-air missile that helps in tracking and guiding the tracks.

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Rise in development of man-portable air-defense systems (MANPADS) is expected to boost the market growth. However, increase in use of missile countermeasures is expected to hinder the growth of the market. Moreover, development of missiles for various ranges is anticipated to fuel the surface-to-air missiles market during the forecast period.

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The surface-to-air missiles market is segmented on the basis of launch type, product, application, and geography. Based on the launch type, the market is bifurcated into shoulder-launched and vehicle launched missiles. By product, the market is classified into high altitude missile, hollow missile, and low altitude missile. By application, it is categorized into fighting, air defense, and others. On the basis of geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive and Competitive Analysis of Leading Market Players

- Boeing
- Bharat Dynamics Limited
- Denel SOC
- Rafael Advanced Defense Systems
- L3 Technologies
- Raytheon
- General Dynamics
- Airbus
- Israel Aerospace Industries
- Lockheed Martin

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