The new report, now available on ASDReports, 'The Global Missiles and Missile Defense Systems Market 2014-2024. The brand new sector report providing readers with a detailed analysis of both historic and forecast global industry values. It covers factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news.
The reports difference
Major economies such as the US, the UK and other European Allies are at the cross-hairs of a number of terrorist groups and state actors who would want to develop and deploy weapons of mass destruction. As such, a number of counter measures are necessary for the safeguarding of populations and deterrence capabilities which would encourage enemies to re-think strategies and realize the futility to such an attack. It is here that the domain of missile and missile defense systems gains an arena of importance by being able to provide aforementioned capabilities. North America is estimated to witness the largest investment in the sector with the US formulating long term programs for missile defense systems as well as other missile types.
The Asia Pacific region is the second largest spender in the domain with India and China anticipated to account for the bulk of spending. China dominates regional spending in the sector, with its desire to bridge the military capabilities gap with the US, being the primary driver of the country’s defense capital spending while India is the second largest spender in the region primarily due to its volatile relationship with Pakistan and China. In Europe, defense budget cuts due to the high fiscal deficits of most countries in the region are likely to be the primary reason for a sluggish growth and moderate levels of investment in the missile and missile defense systems market. Russia, UK and France are anticipated to be the largest spenders in the domain within Europe. In the Middle East, spending on missiles, missile defense and air defense systems is mainly driven by the aim to counter the potential threat from Iran’s intercontinental ballistic missiles (ICBMs).
Read more on ASDReports
Source: ASDReports - Market Research
Date: Oct 21, 2014