Nuclear Bombs and Missiles Market by Type (Aircraft Bombers, ICBM, SLBM, Other), by Range (5000km), by Status (Active, Reserve And Retired): Global Opportunity Analysis and Industry Forecast, 2020-2030.Ĭhemical, Biological, Radiological, and Nuclear (CBRN) Security Market by Type (Chemical Security, Biological Security, Radiological Security, and Nuclear Security), Function (Decontamination, Protection, Detection, and Simulation), and Application (Military and Law Enforcement): Global Opportunity Analysis and Industry Forecast, 2021–2030. Similar Reports We Have on Defense Industry: However, the Asia-Pacific region is expected to witness the fastest CAGR of 5.5% from 2022 to 2031, owing to rise in procurement and development of advanced missile and rocket systems across several Asian nations, for instance, China, India, Japan, and South Korea. This is owing to increase in R&D activities, technological developments by key players, and rapid adoption of innovative technologies in making advanced, reliable, precise, and efficient warfare, security, and defense systems. North America to maintain its dominance by 2031īased on region, North America held the highest market share in terms of revenue 2021, accounting for around two-fifths of the global rocket and missiles market. Interestedto Procure the Data with Actionable Strategy & Insights? Inquire here at However, the airborne segment is expected to portray the largest CAGR of 5.4% from 2022 to 2031, owing to rise in investments to develop fast and accurate air-deployed rockets and missiles globally. This is owing to high demand for ground-based rockets and missiles systems globally. The ground segment to maintain its lead position during the forecast periodīased on platform, the ground segment accounted for the largest share in 2021, contributing to nearly half of the global rocket and missiles market, and is projected to maintain its lead position during the forecast period. Moreover, this segment is projected to manifest the highest CAGR of 4.9% from 2022 to 2031, owing to rise in demand and development of cruise missiles throughout the world. The cruise missiles segment to maintain its leadership status throughout the forecast periodīased on product, the cruise missiles segment held the highest market share in 2021, accounting for nearly half of the global rocket and missiles market, and is estimated to maintain its leadership status throughout the forecast period. However, the market recovered soon in the post-pandemic.
Missile commander 2031 full#
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Contrarily, the rise in the adoption of hypersonic missile systems and the preference for automatic target recognition (ATR) missile systems present new opportunities in the coming years.ĭownload Report (334 Pages PDF with Insights, Charts, Tables, Figures) at
However, strict regulations related to arms use & transfer and high-cost associated with rocket and missile technology are the factors that are anticipated to hamper the market growth. The increase in territorial conflicts, the rise in need for advanced rockets and missiles to counter the modern combat around the country's border, and the surge in defense budget of emerging economies drive the growth of the global rocket and missiles market.