Since the beginning of the global war on terror, the face of combat has changed significantly. The missile defense technology has gained popularity on a global scenario, and the same is constantly increasing in terms of research & development, and adoption. The rising national threats, terrorism and transforming combat nature are pressurizing the companies operating in the missile defense to develop anti-missile technologies. This factor is driving the missile interceptor market.
MARKET SCOPE
The "Global Missile Interceptor Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Missile interceptor market with detailed market segmentation by type, range, and geography. The report provides key statistics on the market status of the leading Missile interceptor market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? On the basis of type, the market is segmented as endoatmospheric and exoatmospheric.
? On the basis of range, the market is segmented as Up to 125 Kms, 125 to 200 Kms, and Above 200 Kms.
MARKET DYNAMICS
Drivers:
? The rising investments towards advanced missile technologies from the defense forces in developed countries and developing countries are positively impacting on the growth of missile interceptor market.
? Additionally, the development of the Intercontinental Ballistic Missile (ICBM) by different countries is influencing several defense contractors to develop missile interceptors, which is boosting the missile interceptor market. In the current market scenario, surface to air and surface to surface missile interceptor technology exists, and the missile interceptor market is poised to surge in the coming years, as the manufacturers are developing air to air missile interceptor technologies.
Restraints:
? The increasing cost of the missile interceptor technology is hindering the growth of the missile interceptor market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Missile interceptor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Missile interceptor market in these regions
IMPACT OF COVID-19 ON MISSILE INTERCEPTOR MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption is expected to leave an impact on the defense industry through till 2021. There has been a reduction in the production volume of missile interceptors globally, owing to factors such as manufacturing shutdown, the limited staff at manufacturing facilities, and shortage of equipment. However, demand for products such as missile interceptors will remain unaffected as the budgets for military related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
MARKET PLAYERS
The report covers key developments in the Missile interceptor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Missile interceptor market are anticipated to lucrative growth opportunities in the future with the rising demand for Missile interceptor in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Missile interceptor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Aerojet Rocketdyne
? BAE Systems, Inc.
? Boeing
? Israel Aerospace Industries
? Lockheed Martin Corporation
? MBDA
? Northrop Grumman
? Rafael Advanced Defense Systems Ltd.
? Raytheon Technologies
? Thales Group