Anti-Ship Missile Defence System Market – Share, Trend, Segmentation and Forecast to 2023


Posted August 8, 2019 by panditsavni

The report categorizes the market based on Manufacturers Countries/Region, Types and Application

 
Scenario:

The global anti-ship missile defence system market is marked with growth potential in the coming years. The factors that influence the demand for anti-ship missile defence system are high demand for laser anti-ship missile defense systems, increasing R&D investments, and greater emphasis on maritime border security. The major trends and opportunities in the anti-ship missile defence system market are modernization of naval combat systems and transition to SBX-band radar. The major challenges and that can restrain the market growth are the defense budget cuts, delays and project cancellations and shortcomings of the conventional missile defense systems.

The anti-ship missile defence system market is expected to grow at CAGR of around 6.65% during the period 2017 to 2023.

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As per MRFR analysis, the global anti-ship missile defence System market was valued at USD 9,014.2 million in 2016 which is expected to reach USD 13,984 million by 2023 with a CAGR 6.65% during the forecast period 2017-2023.

Scope of the Report:

This study provides an overview of the global anti-ship missile defense systems market, tracking two market segments across four 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) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next 6 years for each region. The scope of the study segments the global anti-ship missile defense systems market by its component, application and regions.

Key Players:

The major players operating in global anti-ship missile defence system market, who have adopted the strategies such as geographic expansion, mergers, and acquisitions are Lockheed Martin, Leonardo S.p.A, Raytheon, General Dynamics, Rafael Advanced Defense Systems, Saab Group, Northrop Grumman, Thales Group, MBDA and BAE Systems.

Segmentation:

By Component

Missile Interceptor
Radar
By Application

Ballistic Missiles Defense
Conventional Missile Defense
By Region

North America 
Asia Pacific 
Europe
Rest of the World  
High Demand for Laser Anti-Ship Missile Defense Systems has been a major driver for the global anti-ship missile defense system market. Laser wavelengths are approximately 10,000 times smaller than microwaves, causing lesser diffraction and making them more accurate when fired from long distances. In addition, laser weapon systems generate high-energy pulses. For example, one-megajoule laser pulse delivers the same energy as 200 grams of high explosive and has the same impact on a target.

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Issued By Savni
Country India
Categories Aerospace
Tags antiship missile defence system market
Last Updated August 8, 2019