Ground-based Aircraft and Missile Defense Systems Market 2021 Strategic Assessments – The Boeing Company, Raytheon Technologies Corporation, Lockheed Martin Corporation

MarketInsightsReports has published a report entitled Global Ground-based Aircraft and Missile Defense Systems Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The Ground-based Aircraft and Missile Defense Systems Market is expected to grow at a rate of over 5% during the forecast period 2020 - 2025.

Click the link to get a Free Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/10192357237/ground-based-aircraft-and-missile-defense-systems-market-growth-trends-and-forecasts-2020-2025/inquiry?Mode=74

Key Market Players: The Boeing Company, Raytheon Technologies Corporation, Lockheed Martin Corporation, Israel Aerospace Industries, Thales Group, MBDA, Leonardo S.p.A., Rafael Advanced Defense Systems Limited, Northrop Grumman Corporation, BAE Systems plc and Other

Key Market Trends

Missile Defense Systems to Exhibit The Highest Growth Rate During The Forecast Period

Due to increased military spending by developed and developing economies across the world, missile technology is witnessing rapid growth. Therefore, it becomes necessary for nations to safeguard their ground assets such as classified military bases, etc. from an incoming missile threat. On this note, in March 2019, the US conducted the successful firing of two interceptor missiles to counter an Inter-continental ballistic missile (ICBM). This launch was to test the upgraded capabilities of the existing Ground-Based Midcourse Defense Program worth USD 67 billion. Also, in April 2020, Russia test-fired the PL-19 Nudol Missile Defense System that provides protection against ballistic missiles and also works as an anti-satellite missile system.

European nations such as Germany and France are indigenously developing their missile defense systems to reduce the dependency on NATO and the US. Joint programs such as Patriot air defense systems are hindering the autonomous capability of European nations to modify or upgrade the weapon on their own. in 2020, Germany invited Lockheed Martin and MBDA to rebid for Taktisches Luftverteidigungssystem (TLVS) air defense program, and a new contract is expected during mid-2020.

North America to Dominate the Market During the Forecast Period

The defense budget of the major North American countries, such as the US and Canada, has witnessed a modest YoY growth over the last decade. The FY2021 US Defense Budget request of USD 740.5 billion is a 6.85% increase over the sanctioned spending for FY2020. The budget supports the irreversible implementation of the National Defense Strategy (NDS), which drives the Department of Defense's (DoDs) decision-making in reprioritizing resources and shifting investments to prepare for a potential future technology-intensive conflict.

With potential adversaries such as Israel, Russia, and China fielding an increasingly diverse, expansive, and modern range of regional offensive missile systems that can threaten US forces, its allies, and partners, the US DoD is actively expanding and modernizing the US regional missile defenses. The US has been testing improved variants of both the Aegis SM-3 and SM-6 missiles, and fielding a new sensor, to significantly increase Aegis missile defense capabilities. The US DoD also plans to improve the capability and reliability of the Ground-based Midcourse Defense (GMD) system. The upgrades include equipping recently deployed GBIs with an advanced booster and a more capable Exo-atmospheric Kill Vehicle (EKV). Such developments are envisioned to drive the growth prospects of the market in focus during the forecast period.

Explore Full Report With Detailed TOC Here:

https://www.marketinsightsreports.com/reports/10192357237/ground-based-aircraft-and-missile-defense-systems-market-growth-trends-and-forecasts-2020-2025?Mode=74                                                                                                                                                      

What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Ground-based Aircraft and Missile Defense Systems market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Ground-based Aircraft and Missile Defense Systems market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Ground-based Aircraft and Missile Defense Systems market.

Market Segments: This part of the report discusses product type and application segments of the global Ground-based Aircraft and Missile Defense Systems market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Ground-based Aircraft and Missile Defense Systems used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

- 3 months of analyst support

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.