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Global Rockets and Missiles Market Analysis Covering Size, Share, Growth, Trends and Upcoming Opportunities

Jan 30th 2019 at 3:39 AM

Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalogue by adding a fresh study titled “Global Rockets and Missiles Market Analysis Covering Size, Share, Growth, Trends and Upcoming Opportunities”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026.The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated to growth of manufacturers in global market for (Global Rockets and Missiles Market). Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

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The Rockets and Missiles are used to destroy the enemy aircrafts, helicopters, incoming missiles or rockets, tanks, ships, submarine, armored vehicles, and artilleries among others. Rockets are unguided, self-propelled munitions, powered by jet engines or rocket motors while the missiles are guided, self-propelled weapons which are used for surface to air combat, air to surface combat, air to air combat. The growing year on year defense budget in the developing countries is a major trend for the rockets and missiles market to surge. The defense forces across the globe are constantly equipping their respective troops with the latest and enhanced rockets and missiles in order to strengthen their armed forces, air force and naval force. Thus, the demand for strengthening of defense forces across the globe is driving the market for rockets and missiles.

Moreover, the demand for technologically advanced munitions is increasing in the defense sector across the globe. Rockets and missiles plays an important role during combat as they can be short range or mid-range or long range rockets and missiles. Owing to this fact, the defense forces in developed countries as well as developing countries are demanding for technologically advanced rockets and missiles in order to safeguard the country during combat. The growing demand for technologically robust rockets and missiles are boosting the rockets and missiles market.

The rockets and missiles market is driven by various factor, however, the market faces a major challenge i.e. high cost of the advanced technologies. The rockets and missiles manufacturers are constantly focusing on upgrading the rockets and missiles by incorporating different latest technologies. These latest technologies are much expensive as compared to the older technologies, and due to this, the cost of the final product is increasing which is limiting the developing countries to adopt these advanced rockets and missiles. This market has potential opportunities to grow in future as the manufacturing companies are designing and developing smokeless missiles. The smokeless missiles can be fired from an aircraft or a naval ship or from land without giving any clue of firing region to the enemy. The smokeless missiles can travel long distances ranging from 300 meters to 1000 meters which is much longer than the existing missiles. These benefits of smokeless missiles are poised to fuel the market for rockets and missiles in the coming years.

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The rockets and missiles market is segmented on basis of product types and geography. Rockets and missiles are the two types of products considered in the study. Based on rockets, the market is bifurcated into artillery rockets and air to ground rockets. In the rockets segment, artillery rockets held the maximum market share in 2016 while, the air to ground rockets are anticipated to grow at a faster rate than the artillery rockets over the period from 2019 to 2025.

Surface to air missiles, cruise missiles, anti-ship missiles, anti-tank missiles, anti-submarine missiles and others are the types of missiles. The others sub segment includes air to air missiles, air to ground missiles, intercontinental ballistic missiles, and anti-radiation missile. In 2016, surface to air missiles held the largest market share and it is estimated to grow at a significant rate as compared to other missiles in the missiles segment.

Companies Mentioned in the Report

The major vendors of rockets and missiles across the world are Lockheed Martin Corporation (U.S.), BAE Systems (U.K), Northrop Grumman Corporation (U.S.), Raytheon Company (U.S.), General Dynamics Corporation (U.S.), Boeing (U.S.), Thales Group (France), Leonardo (Italy), Rafael Advanced Defense Systems (Israel), and MBDA Missiles Systems (Germany).

By Product Types

Rockets

Missiles

By Rockets

Artillery Rockets

Air to Ground Rockets

By Missiles

Surface to Air Missiles

Cruise Missiles

Anti-Ship Missiles

Anti-Tank Missiles

Anti-Submarine Missiles

Others

By Geography

North America

U.S.

Canada

Mexico

Europe

U.K.

Germany

Russia

France

Rest of Europe

Asia Pacific

China

India

South Korea

Rest of Asia Pacific

Middle East and Africa

Turkey

Israel

Saudi Arabia

South Africa

Rest of Middle East and Africa

Latin America

Brazil

Rest of Latin America

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