Global Missile Guidance System Market to grow at a CAGR of 2.10% during 2017-2021 - Boeing, General Dynamics, Lockheed Martin, Raytheon, Thales Group

Missile guidance systems incorporate a variety of methods of guiding a missile to hit its intended target. Missile guidance systems remain heavily dependent on network; and any interference with the guidance system through infiltration can cause the missile to go off-course and even destroy its flight path. Hence, with enhancements in the missile systems, there is additional focus on securing software-based guidance systems.

The global missile guidance system market to grow at a CAGR of 2.10% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global missile guidance system market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Technavio's report, Global Missile Guidance System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
- Boeing
- General Dynamics
- Lockheed Martin
- Raytheon
- Thales Group

Other prominent vendors
- BAE Systems
- DRDO
- Luna

Market driver
- Accelerating development and procurement of missiles
- For a full, detailed list, view our report

Market challenge
- Growing development of Small Diameter Bomb (SDB) and electromagnetic railgun
- For a full, detailed list, view our report

Market trend
- Improved guidance systems for hypersonic missiles
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

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