Market Overview:
The global missiles market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for missiles from defense and commercial applications. Based on type, the global missiles market is segmented into guidance system, targeting system, flight system, engine, warhead, and other segments. The guidance system segment is projected to lead the global missiles market during the forecast period. This can be attributed to factors such as increasing demand for precision-guided munitions (PGMs) in defense applications and growing adoption of smart weapons by militaries across the world. Based on application, maritime accounted for a major share of the global missiles market in 2017. This can be attributed to increased spending on maritime security by countries worldwide and rising instances of piracy off coastlines around Africa and Asia Pacific regions.
Product Definition:
A missile is a self-propelled projectile or rocket, typically fired from an aircraft or naval vessel. Missiles are used for precision targeting and destruction of high-value targets.
Guidance System:
The guidance system is an important part of missiles. It helps the missile to reach its target by providing it with accurate instructions. The guidance systems are classified into Active and Passive, based on their power source.
Active guidance uses radio frequency (RF) or infrared (IR) energy to guide the missile while passive ones use only optical fibers for transmission of information from one or more guided missiles to a target location.
Targeting System:
The targeting system is an advanced guidance system that helps the missile to locate its target. It uses various sensors such as TV cameras, infrared sensors and Global Positioning Systems (GPS) for this purpose. The Targeting System Market includes systems such as software & hardware, services and accessories used in missiles.
It has been observed that modern day guided missiles have a significant improvement over conventional ones in terms of accuracy, reliability.
Application Insights:
The land application segment dominated the global missiles market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to increasing demand from countries, such as Russia and China, for developing and modernizing their armed forces with advanced weapons systems. Furthermore, ongoing conflicts in various regions have created a need for better defense equipment among countries involved. This has led to an increase in spending on military & defense which is further driving the growth of this segment during the forecast period.
The aviation application segment is expected to witness significant growth over the forecast period owing to rising demand from countries like India and Japan for developing their aerospace industry with Missiles-as-a-Service (MaaS) concept being adopted by several international players operating in this sector including; Airbus SE., Embraer S/A., Textron Aviation Services LLC., Bombardier Inc., Augusta Westland Ltd.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016 at around 40.0%. The U.S., as a permanent member of the United Nations Security Council, has been consistently investing in developing and deploying advanced missiles technology to maintain its military edge over other regional countries. Moreover, technological advancements coupled with high disposable income are expected to fuel demand for these systems across North America during the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing tensions between nuclear-armed states such as India and Pakistan along with China and North Korea respectively; thus, leading towards an arms race within this region that may hinder economic growth through defense spending thereby hampering overall industry growth. However, efforts undertaken by international organizations such as UNCTAD aimed at reducing tensions between various nations are expected favorably impact industry development trends over coming years.
Growth Factors:
- Increasing demand for missiles from the defense sector as they provide a strategic advantage over the enemy in terms of firepower and range.
- Growing investments by governments in missile technology to upgrade their existing capabilities and develop new ones.
- Proliferation of ballistic and cruise missiles by countries such as North Korea, Iran, and Pakistan, which has led to an increase in their demand from regional militaries.
- The increasing use of missiles by terrorist organizations for carrying out attacks against civilian targets.
- The growing popularity of precision-guided munitions among military forces due to their ability to hit specific targets with high accuracy
Scope Of The Report
Report Attributes
Report Details
Report Title
Missiles Market Research Report
By Type
Guidance System, Targeting System, Flight System, Engine, Warhead, Other
By Application
Maritime, Land, Aviation
By Companies
Lockheed Martin, Boeing, Raytheon, Northrop Grumman, General Dynamics, L3 Technologies, Textron, General Electric, Bechtel, CACI International, Science Applications International Corporation, General Atomics, United Technologies, Booz Allen Hamilton, BAE Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Missiles Market Report Segments:
The global Missiles market is segmented on the basis of:
Types
Guidance System, Targeting System, Flight System, Engine, Warhead, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Maritime, Land, Aviation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lockheed Martin
- Boeing
- Raytheon
- Northrop Grumman
- General Dynamics
- L3 Technologies
- Textron
- General Electric
- Bechtel
- CACI International
- Science Applications International Corporation
- General Atomics
- United Technologies
- Booz Allen Hamilton
- BAE Systems
Highlights of The Missiles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Guidance System
- Targeting System
- Flight System
- Engine
- Warhead
- Other
- By Application:
- Maritime
- Land
- Aviation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Missiles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Missiles are objects that are designed to fly through the air and hit a target.
Some of the major companies in the missiles market are Lockheed Martin, Boeing, Raytheon, Northrop Grumman, General Dynamics, L3 Technologies, Textron, General Electric, Bechtel, CACI International, Science Applications International Corporation, General Atomics, United Technologies, Booz Allen Hamilton, BAE Systems.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Missiles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Missiles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Missiles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Missiles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Missiles Market Size & Forecast, 2018-2028
4.5.1 Missiles Market Size and Y-o-Y Growth
4.5.2 Missiles Market Absolute $ Opportunity
Chapter 5 Global Missiles Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Missiles Market Size Forecast by Type
5.2.1 Guidance System
5.2.2 Targeting System
5.2.3 Flight System
5.2.4 Engine
5.2.5 Warhead
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Missiles Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Missiles Market Size Forecast by Applications
6.2.1 Maritime
6.2.2 Land
6.2.3 Aviation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Missiles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Missiles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Missiles Analysis and Forecast
9.1 Introduction
9.2 North America Missiles Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Missiles Market Size Forecast by Type
9.6.1 Guidance System
9.6.2 Targeting System
9.6.3 Flight System
9.6.4 Engine
9.6.5 Warhead
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Missiles Market Size Forecast by Applications
9.10.1 Maritime
9.10.2 Land
9.10.3 Aviation
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Missiles Analysis and Forecast
10.1 Introduction
10.2 Europe Missiles Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Missiles Market Size Forecast by Type
10.6.1 Guidance System
10.6.2 Targeting System
10.6.3 Flight System
10.6.4 Engine
10.6.5 Warhead
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Missiles Market Size Forecast by Applications
10.10.1 Maritime
10.10.2 Land
10.10.3 Aviation
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Missiles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Missiles Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Missiles Market Size Forecast by Type
11.6.1 Guidance System
11.6.2 Targeting System
11.6.3 Flight System
11.6.4 Engine
11.6.5 Warhead
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Missiles Market Size Forecast by Applications
11.10.1 Maritime
11.10.2 Land
11.10.3 Aviation
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Missiles Analysis and Forecast
12.1 Introduction
12.2 Latin America Missiles Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Missiles Market Size Forecast by Type
12.6.1 Guidance System
12.6.2 Targeting System
12.6.3 Flight System
12.6.4 Engine
12.6.5 Warhead
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Missiles Market Size Forecast by Applications
12.10.1 Maritime
12.10.2 Land
12.10.3 Aviation
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Missiles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Missiles Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Missiles Market Size Forecast by Type
13.6.1 Guidance System
13.6.2 Targeting System
13.6.3 Flight System
13.6.4 Engine
13.6.5 Warhead
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Missiles Market Size Forecast by Applications
13.10.1 Maritime
13.10.2 Land
13.10.3 Aviation
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Missiles Market: Competitive Dashboard
14.2 Global Missiles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lockheed Martin
14.3.2 Boeing
14.3.3 Raytheon
14.3.4 Northrop Grumman
14.3.5 General Dynamics
14.3.6 L3 Technologies
14.3.7 Textron
14.3.8 General Electric
14.3.9 Bechtel
14.3.10 CACI International
14.3.11 Science Applications International Corporation
14.3.12 General Atomics
14.3.13 United Technologies
14.3.14 Booz Allen Hamilton
14.3.15 BAE Systems
