The Anti-Bunker Buster Missile System market is expected to grow USD 16,419 million by 2025 at a CAGR of 5.5% from 2020 to 2026.
Owing to the growth prospects of attacks through sea routes and increasing investments in enhancing service capabilities by several hostile countries, it''s become increasingly necessary to determine an increased deterrent which will combat maritime threats. Several countries are within the method of augmenting their maritime border security capabilities to make sure that extralegal and hostile infiltration doesn't occur in their territories. At constant time, major defence contractors are enhancing the present market to cater to world defence and security desires. For instance, Raytheon has been providing Seagram since 1980. In recent years, the corporate secured multiple contracts for enhancing the potential of such defence systems.
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The global Anti-Bunker Buster Missile System market has been segmented as below:
By Fusing Type
Armour-piercing bomb
Traditional fuze with (microphone and microcontroller)
Hard Target Void Sensing Fuze
By Depth of Penetration
Penetration of reinforced concrete: 1.8 m (6 ft)
Penetration of reinforced concrete: 3.4 m (11 ft)
Penetration of reinforced concrete: more than 6 m (20 ft)
By Region
North America
Europe
Asia-Pacific
Rest of the World
Competitive Rivalry
Lockheed Martin, MBDA Holdings SAS, Rafael Advanced Defense Systems Ltd. , The Raytheon Company, Saab AB, Nammo as, Kongsberg Gruppen ASA, Thales Group, General Dynamics Corporation, Mesko S.A., and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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