According to the new report "Shoulder Fired Anti-Tank, Anti-Aircraft Short Range Missiles and RPG Market - Global Forecasts and Analysis to 2014 - 2020", published by MarketsandMarkets, 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.
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"
Early buyers will receive 10% customization on this report.
This report provides a market analysis of the Global Shoulder Fired Anti-Tank, Anti-Aircraft and RPG market over the next six years. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and other key news. The report also analyzes the market share on the basis of Surface to Surface missile and Surface to Air missile. It provides information about the leading competitors in the global Anti-Tank and Anti-Aircraft market and apart from a general overview of these companies, it also provides details on their financial positions, key products, their unique selling points and key developments. This research report also segments the market on the basis of products, types, application and geography, country, forecasting revenues, market share and analyzing trends in each of the sub segments.
The report estimates the current Global Shoulder Anti-Tank, Anti-Aircraft and RPG Market at $3.2 billion. Self- Reliant, Man Preferred Guided system would be the driving factors for this market. Countries are not dependent on foreign technology, but have started with indigenous production. North America (NA), Asia, and Europe are the major regions constituting around 88% of the missile market and are expected to produce around $1.9 million weapons by the end of 2020.
The Global Shoulder Fired Anti-Tank, Anti-Aircraft and RPG Market (2014-2020) report offers detailed analysis of the anti-tank and anti-aircraft market over the next six years. The report also provides potential market opportunities to enter the industry, using detailed market size forecasts.
The shoulder fired anti-tank and anti-aircraft market is segmented, based on product, application, and geography. The anti-tank market is expected to grow at a CAGR of 6.03% during the forecasted period.
There have been recent developments on anti-tank and anti-aircraft market. Saudi Arabia is in talks with Pakistan to provide anti-tank and anti-aircraft missiles to Syrian rebels, in the on-going Syrian conflict.
The latest nuclear missile tests undertaken by the North Korean government in 2014 have raised serious concerns among various countries globally, including the U.S., South Korea, Japan, Australia etc. The relations between the U.S. and North Korea have been tense for a long period of time. Therefore, with the North Korean deployment of missiles aimed at the U.S. and the knowledge that North Korean missiles possess capabilities to hit Japan, South Korea and other countries in the vicinity, the spending on the sector, in the region, is expected to rise significantly during the forecast period.
Major players of the anti-tank market from the U.S. , Europe, Asia-Pacific and Latin America are expected to grow at a faster rate. Due to economic downturn, major countries such as the U.S. and the U.K. are witnessing economic difficulties.
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 $1.9 millionweapons by the end of 2020.
Due to economic downturn, major countries like U.S. and U.K. are witnessing economic difficulties. The US has witnessed budget cuts in the recent past and it is likely to continue in the near future, it has announced a budget cut of US$ 178 billionduring 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.
Browse Related Reports
Smart Weapons Market - Global Forecast and Analysis 2013 - 2018
Global Ammunition Market (Large Caliber, Medium Caliber and Small Caliber) (2012 - 2017)
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252