Missile Guidance System Market Top Key Players - The Boeing Company, General Dynamics, DRDO, Thales group, Luna Innovation Inc., Lockheed Martin Corporation, BAE Systems, Almaz –Antey
Defense budget government spending is the most important factor in finding current market scenarios. Countries such as Russia, India, the United States, the United Kingdom and China have the greatest impact on the market due to their huge military spending budgets. Now the era of hypersonic missile systems has allowed developing countries to spend more on technology and research, equipped with them and able to compete with world leaders.
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GLOBAL MISSILE GUIDANCE SYSTEM MARKET DYNAMICS
• The continuing need for better missile technology and competition between developed and developing countries to improve territorial security and take swift action against enemies has led to a leap forward in research and development of defense equipment (including missiles).
• Currently, various countries are testing the range, ballistic capability, and fast response speed of missiles developed by them. Some countries are signing memorandums of understanding for the joint development of better technologies.
• Recently, countries such as India, Russia, the United States, China and Israel have conducted surface-to-ground, surface-to-air and air-to-air tests of recently developed missiles. Shows interest in the country's technological development. This means that the market for missile guidance systems will also continue to expand in the future.
GLOBAL MISSILE GUIDANCE SYSTEM MARKET SEGMENTATION
By Launch Platform
• Air – to – Air
• Air – to – Surface
• Surface – to – Air
• Anti – Ship
• Anti – Tank
By Type of Guidance System
• Command Guidance System
• Beam rider guidance system
• Homing guidance system
• Inertial guidance system
By End User
• Ground Vehicles
• Combat Aircrafts
• Conventional Guided Missile
• Cruise Missile
• Ballistic Missile
IMPACT OF COVID ON GLOBAL MISSILE GUIDANCE SYSTEM
Since the development, research and development, and manufacturing of missiles are highly focused and precise operations, when COVID struck the world in a surprisingly short period of time, company personnel, raw materials, testing phases and other activities were halted. . All activity is stopped, people are forced to stay at home, work is stopped, and this market has also slumped.
The Multinational giant was also hit by market demand, inventory and suppliers. After the lockdown was lifted, each country's main priority was to help people get out of the situation, and somehow it also affected their budgets. Office work has not started in Furupes, production in some countries was still on hiatus.
KEY PLAYERS OF GLOBAL MISSILE GUIDANCE SYSTEM
• The Boeing Company
• General Dynamics
• Thales group
• Luna Innovation Inc.
• Lockheed Martin Corporation
• BAE Systems
• Almaz –Antey
• Leonardo S.p.A
• Northrop Grumman Corporation
• JSC Tactical Missiles Corporation
• Mitsubishi Heavy Industries Ltd.
• Naval Group
• Elbit Systems
• Dassault Aviation SA
• Rafael Advanced Defense Systems Ltd.
• Rockwell Collins
• Israel Aerospace Industries
• Kongsberg Gruppen ASA
• MBDA Holdings SAS
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