North America’s missile development and missile defense expenditure is expected to account with 39% of the Global Missile and Missile Defense System during 2013-2023, reveals new market research report. Asia and Europe are estimated to account for 33% and 16% respectively, whereas the Middle-East, Latin America and Africa will be at 9%, 2% and 1% respectively.
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After North Korean government undertook missile tests in 2013, many countries are re-evaluating their missile and missile defense systems’ budget. Specifically in North America and Europe respectively, the focus is divided into upgrading to the advanced technology, and to allocating substantial amount of budget into missile defense systems. The US has cut down its defense budget by approximately US$178 billion during 2011-2015 due to its economic crisis, whereas Europe is going through a debt crisis and plans to invest in developing domestic missile industries by having strategic alliances with global missile manufacturers.
A number of missile designing and missile defense systems manufacturing companies foresee a great opportunity for there will be an increase in size of demand. While Iran is suspected of developing uranium enriched nuclear weapons, the imminent threat is not only neighbouring nations but global peace as well.
Spanning over 221 pages, 82 tables & 103 figures, “The Global Missiles and Missile Defense Systems Market 2013-2023” report analyzes industry developments and challenges, threats, country analysis industry growth along with intelligence and analytics of global missile and missile defense systems market.
In addition to the detailed analysis and key growth stimulators, the report also covers 21 key players in global missile and missile defense systems manufacturing including Raytheon, MBDA, Eurosam, Rafael Advanced Defence Systems Ltd, Lockheed Martin Corporation, Boeing, Kongsberg Defence Systems, Saab, BAE Systems, Northrop Grumman, Alliant Techsystems, Rheinmetall Defence, Aerojet, BrahMos Aerospace, Thales, Bharat Dynamics Limited, Denel Dynamics, Mectron, Sagem, Makeyev design Bureau and Tactical Missiles Corporation.
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