According to the new market research report "Shoulder Fired Anti-Tank, Anti-Aircraft Short Range Missiles and RPG Market – Global Forecasts and Analysis to 2014 - 2020",Shoulder Anti-tank, Anti-aircraft short range missile and RPG market is expected to register growth with a CAGR of 6.03%, and reach $3.2 Billion by the end of 2020
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Browse more than 57 market data tables with 25 figures spread through 160 pages and in-depth TOC on "Shoulder Fired Anti-Tank, Anti-Aircraft Short Range Missiles and RPG Market – Global Forecasts and Analysis to 2014 - 2020"
The report provides an in-depth analysis of the shoulder fired anti-tank and anti-aircraft market. It provides information about anti-tank and anti-aircraft short range missiles with respect to geography, applications, and current market scenario.
The European market will primarily have a flat growth throughout the study period as the NATO deployments have returned after the war in Iraq and Afghanistan. Military modernization efforts in Eastern Europe countries such as Poland will add some momentum to the market. Unrests in countries like Bosnia and Ukraine will also have some potential if the current scenario further deteriorates into a civil war.Brazil, India, South Korea, China, and Japan are the new region due to their defense spending and their current national security.
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The global shoulder anti-tank, anti-aircraft short range missile and RPG market is expected to register growth with a CAGR of 6.03%, and reach $3.2 billion by the end of 2020. Self-Reliance and Man Preferred guided system remain the driving factors for the global anti-tank and anti-aircraft short range missile market. This market is expected to produce around $1.9 million weapons by the end of 2020.
Due to economic downturn, major countries like U.S. and U.K. are witnessing economic difficulties. The US has witnessed budget cuts in the recent past and it is likely to continue in the near future, it has announced a budget cut of US$ 178 billion during 2011-2015. Any budget cut in these countries could slow down the defense industry. Brazil, India, South Korea, China, and Japan are the new leaders in their region, due to their defense spending and their current national security situation. Key players like Raytheon, Rafael Advanced Defense Systems Ltd, Raytheon Company Alliant Techsystems (ATK), MBDA, and Lockheed Martin play a major role in the industry.
Changes in Technology are likely to move anti-tank missiles from unguided to manual guidance.
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