The new report, available on ASDReports, recognizes the following companies as the key players in Global Missiles and Missile Defense Systems Market: BAE Systems plc, Raytheon Co., Rheinmetall AG, Saab AB , Aerojet Rocketdyne Inc. , Alliant Techsystems Inc. , Boeing Co. , BrahMos Aerospace Pvt Ltd. , Denel Dynamics , Eurosam GIE , Kongsberg Defense Systems , Lockheed Martin Corp. , MBDA , Makeyev Design Bureau , Mectron - Engenharia, Indústria e Comércio SA , Northrop Grumman Corp. , Rafael Advanced Defense Systems Ltd., Sagem, Tactical Missiles Corp. JSC, Thales SA
Commenting on the report, an analyst from the reports team said: “Globally, the defense departments of various countries are investing heavily in R&D. In an attempt to improve the existing technology, vendors are developing systems that can help augment the endurance and efficiency of the current weapons in unfavorable conditions. For instance, there has been an increase in the demand for missile defense systems that require low maintenance and can counter explosive threats. Therefore, with the increase in R&D, the demand for advanced missile defense systems is also increasing.”
According to the report, the increase in defense budgets is one of the major drivers. Countries such as China, India, Saudi Arabia, and Russia are expected to increase their defense budgets during the forecast period.
Further, the report states that one of the major challenges is the rapid technological advancements taking place in the market. Rapid technological changes are forcing vendors to invest in upgrading their products, resulting in a decline in their profit margins.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Feb 12, 2015