Press release
Global Cluster Munitions Market to Witness a Pronounce Growth During 2025
This report focuses on the key global Cluster Munitions players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Cluster Munitions with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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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.
According to the report, the cost-effectiveness and easy deployment of cluster munitions over ICBMs and submarine-launched ballistic missiles (SLBMs) are the prime reasons why many countries still opt for the development of cluster munitions. Moreover, specific launching systems are required for launching ICBMs or the SLBMs; cluster munitions, on the contrary, can be launched from a fighter aircraft. In addition, the effect would be over a larger area than other bombs.
In 2019, the market size of Cluster Munitions is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
Market Segment by Manufacturers, this report covers
Textron Systems
IMI Systems
L-3 Fuzing And Ordnance Systems(L3 FOS)
Lockheed Martin
NORINCO
Orbital ATK
Aeroteh
China Aerospace Science And Technology
Market Segment by Type, covers
Anti-Tank Cluster Munitions
Anti-Personnel Cluster Munitions
Market Segment by Applications, can be divided into
Manoeuvre
Defend
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Related Information:
North America Cluster Munitions Market Growth 2019-2024
United States Cluster Munitions Market Growth 2019-2024
Asia-Pacific Cluster Munitions Market Growth 2019-2024
Europe Cluster Munitions Market Growth 2019-2024
EMEA Cluster Munitions Market Growth 2019-2024
Global Cluster Munitions Market Growth 2019-2024
China Cluster Munitions Market Growth 2019-2024
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