Report forecast the global SHORAD missile system market to
grow at a CAGR of 3.66% during the period 2016-2020.
Short Range Air Defense (SHORAD) missile system is a weapon
or technology that involves detection, tracking, interception, and destruction
of attacking short-range missiles. Originally, ADMS was used as a defense
against nuclear-armed and intercontinental ballistic missiles (ICBMs); however,
its application has widened to defense against short-ranged non-nuclear
tactical and theater missiles.
The report covers the present scenario and the growth
prospects of the global SHORAD missile system market for 2016-2020. To
calculate the market size, the report considers the revenue generated from the
sales of SHORAD missile systems globally.
The market is divided into the following segments based
on geography:
- Americas
- APAC
- EMEA
According to the report, the number of armed conflicts have
been increasing globally in recent years, for example, the ISIS conflict, the
conflict between the Lebanon conflict, Russia and Ukraine conflict over Crimea,
the Syrian Civil War, Indo-Pak conflict over Kashmir, and the conflicts between
the US and North Korea. Such tensions across borders and between countries and
the development of missiles have led the nations to think about defensive
strategies, which has led to the increase in the demand for short-range air
defense missile systems. For instance, the wars in Iraq and Afghanistan have
forced defense agencies to develop the air defense missile systems.
Further, the report states that rising investments and
R&D have increased the complexity in the operation of modern radar systems.
The modern anti-ship and the land-attack cruise missiles are hard to detect,
due to the reduced radar cross-sections (RCS) of their aerodynamic designs,
thereby reducing the defense against cruise and guided missiles. Thus, current
defense missiles technologies must be improved to counter such threats.
Global SHORAD Missile System Market 2016-2020, has
been prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global SHORAD missile system: General
Dynamics, Lockheed Martin, MBDA, Rafael Advanced Defense, and Raytheon
Other Prominent Vendors in the market are: BAE Systems,
Northrop Grumann, Rheinmetall, Thales, and Saab
Market driver
- Growing R&D programs
- For a full, detailed list, view our report
Market challenge
- Growing countermeasures against ADMS
- For a full, detailed list, view our report
Market trend
- Increased commercial off-the shelf procurement
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 72 pages and 32 Exhibits “Global Short-Range
Air-Defence Missile System Market 2016 - 2020” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Five forces analysis, Supply chain of global SHORAD missile system,
Value chain of the SHORAD missile system market, Geographical segmentation,
Market drivers, Impact of drivers, Market challenges, Impact of drivers and
challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For
more information Visit at: http://mrr.cm/3Ae
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