The report, now available on ASDReports, recognizes the following companies as the key players in the Global Missile Market: BAE Systems, Denel Dynamics, Lockheed Martin, MBDA and Raytheon
Other Prominent Vendors in the market are: Boeing, Northrop Grumman, Rafael Advanced Defense Systems, Sagem and Thales
Commenting on the report, an analyst said: “One of the latest developments in the market is 3D printing. It helps in building military aircraft parts and missiles, offers design freedom, and helps lower production costs and time. Recently, the US Army Aviation and Missile Research Development and Engineering Center (AMRDEC) and NASA’s Marshall Space Flight Center have invested in the R&D of missiles through 3D printing. This technology has resulted in cost-saving measures, weight reduction of missiles, and optimized performance of missile structures.”
According to the report, many countries are developing and upgrading their defense units by manufacturing or importing advanced combat aircraft and helicopters. An increase in the number of these military aircraft will simultaneously boost the development of missile systems.
Further, the report states that the ongoing missile programs have been severely affected by budget cuts and sequestration in developed regions such as the US and Europe since 2011. This has an impact on the production and procurement of spare parts and accessories for missile systems.
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: Nov 16, 2015