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MEA interceptor missiles market will showcase dominance over the next eight years owing to rising threat of enemy attacks across the region. Collaborations of various countries with industry players for purchasing of these missiles will further contribute towards the high revenue generation. For instance, UAE and Qatar are anticipated to enter an agreement with Lockheed Martin for supplying patriot missiles. Europe will witness over 7% CAGR till 2024 owing to rising sales of interceptor missiles from countries including Sweden and Poland.Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/859973/?utm_source=marketersmedia.com-SP
Global interceptor missiles market is expected to cross 3,000 units till 2024. Continuously increasing threat of attacks from rival countries has resulted in proliferating demand for interceptor missiles over the forecast timeframe. Multiple countries across the globe including Netherlands, U.S, Israel, Saudi Arabia, UAE, Qatar, etc., have purchased patriot interceptor missiles to strengthen their defense inventory, impacting the industry positively. Interceptor Missiles Market is estimated to surpass USD 14 billion by 2024; according to a new research report.
PAC-3 is expected to account for highest interceptor missile market share crossing USD 6 billion over the coming years. Proliferating demand of these missiles, especially in developed countries will primarily support the revenue generation. For instance, in January 2013, the U.S. army entered into several contracts worth USD 755 million for purchasing 168 PAC-3 missiles and associated services and equipment. HQ-19 will exhibit over 40% CAGR till 2024 owing to its continuously rising usage as an upgradation of HQ-9. Its enhanced features as compared to its counterparts will further support the industry growth till 2024.
Countries across the globe have witnessed a considerable increase in their defense budget. For instance, in 2015, the defense budget of China was USD 131 billion, which was increased by 11% and crossed USD 145 billion in 2016 and was further increased by 7% in 2017. This will accelerate the revenue generation owing to their enhanced purchasing power for defense systems. However, high initial investment and high manufacturing costs may restrain new entrants from entering the interceptor missile market.
Surface to air missiles are expected to capture maximum interceptor missiles market revenue share of more than 80% by 2024. Some of the benefits offered includes light-weight and portability which in turn will drive the industry demand. Water to air missiles will exhibit approximately 7% CAGR owing to rising adoption of these missiles in various countries across the globe for naval border protection.
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Interceptor missiles of up to 125 kms range are anticipated to dominate the interceptor missiles market, generating a demand of over 2,000 units till 2024. Continuously increasing penetration of missiles conforming to this range such as PAC-3, Iron Dome, and SM-3, from MEA including UAE, Israel, and Saudi Arabia will primarily support the industry dominance. Interceptor missiles of range above 200 kms will exhibit over 18% CAGR in terms of revenue owing to rising deployment of advanced missiles such as HQ-19. Regular innovations in these missiles in countries such as China will further strengthen the industry penetration over the forecast timeframe.
Lockheed Martin Corp., Boeing Co., Raytheon Co., Aerojet Rocketdyne, and Rafael Advanced Defense Systems are among the major industry players. Regular product innovations is among prominent strategies implemented by these participants. For instance, in January 2018, Lockheed Martin made enhancements in Aegis missile that is anticipated to result in rapid detection of threats and reduction in reaction time.
Interceptor missiles market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD million from 2013 to 2024, for the following segments:
Interceptor Missiles Market by Surface
• Surface to air
• Water to air
Interceptor Missiles Market by Range
• Up to 125 kms
• Between 125 to 200 kms
• Above 200 kms
Interceptor Missiles Market by Technology
• THAAD
• PAC-3
• SM-3
• HQ-19
• Iron dome
• FD-2000
• Patriot GEM-T
• Aegis ashore
• Aster
Table of Content:
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions, scope and forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Interceptor missiles industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Surface trends
2.1.3. Range trends
2.1.4. Technology trends
2.1.5. Regional trends
Chapter 3. Interceptor Missiles Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Manufacturers
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.4. Technology landscape
3.5. Defense budget, by country, 2014-2016
3.6. Upgradations in interceptors over the years
3.7. Regulatory landscape
3.7.1. North America
3.7.2. Europe
3.7.3. Asia Pacific
3.7.4. MEA
3.8. Industry best practices & key buying criteria
3.9. Pricing analysis
3.9.1. Regional pricing
3.9.1.1. North America
3.9.1.2. Europe
3.9.1.3. Asia Pacific
3.9.1.4. MEA
3.9.2. Cost structure analysis, 2016
3.10. Industry impact forces
3.10.1. Growth drivers, By region
3.10.1.1. NA
3.10.1.2. EU
3.10.1.3. APAC
3.10.1.4. MEA
3.10.2. Industry pitfalls & challenges
3.11. Innovation & sustainability
3.12. Growth potential analysis
3.13. Porter's analysis
3.14. Competitive landscape, 2016
3.14.1. Market share analysis
3.14.2. Strategic dashboard
3.15. PESTEL analysis
Chapter 4. Interceptor Missiles Market, By Surface
4.1. Global interceptor missiles market share by surface, 2016 & 2024
Chapter 5. Interceptor Missiles Market, By Range
Chapter 6. Interceptor Missiles Market, By Technology
Chapter 7. Interceptor missiles Market, By Region
Chapter 8. Interceptor Missiles Market Company Profiles
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