Missile Interceptor market is projected to witness approximately 8% CAGR by 2023


Posted October 23, 2020 by nita01

Missile Interceptor market projected to register a CAGR around 8% from 2018 to 2023.
 
Missile Interceptor market projected to register a CAGR around 8% from 2018 to 2023.
Market Highlights:
The missile interceptor is a surface-to-air anti-missile that is designed to counter ballistic missiles launched in low altitude from any country. As the rise in the number of border security concerns, and changing nature of armed conflict, the countries are inclined towards enhancing their missile arsenal. The factors driving the growth of the missile interceptor market include increase in the number of cross-border threats and increasing military expenses. However, there are some shortcomings in the missile interceptor, such as high manufacturing and defense budget constraints.
The market for missile interceptors estimated to witness 8% CAGR during the forecast period.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. In Europe, the high adoption rate of missile interceptor across the region such as Sweden and Romania had bolstered the market growth. In Asia Pacific, high deployment of missiles interceptor owing to rising cross-border security threats will be expected to boost their presence in the market. Based on range, up to 125 kms are widely used and expected to comprise the largest share of the market due to the high demand for missiles, such as Iron Dome, SM-3, and PAC-3. Moreover, Raytheon Company signed an agreement with Rafael Advanced Defense Systems Ltd to supply Iron Dome Interceptor to protect Israel’s population from rockets.
The scope of the Report
This study provides an overview of the Missile Interceptor Market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Missile Interceptor market by its launch mode, type, range, and region.
By Launch Mode

Surface to Air
Surface to Surface
By Type

Endoatmospheric
Exoatmospheric
By Range

Upto 125 kms
125 to 200 Kms
Above 200 kms
By Region

North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Key Players
The key players in missile interceptor market are Lockheed Martin Corporation (U.S.), Boeing (U.S.), Raytheon Company (U.S.), Aerojet Rocketdyne (U.S.), Rafael Advanced Defense Systems Ltd (Israel), China Aerospace Science and Technology Corporation (China), Bharat Dynamics Limited (India), MBDA (France), Thales Group (France), Northrop Grumman Corporation (U.S.).
Full report @ https://www.marketresearchfuture.com/reports/missile-interceptor-market-6188
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Country Italy
Categories Aerospace
Tags Missile Interceptor Market
Last Updated October 23, 2020