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. 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.
Anti-Ship
Missile Defence System Market Size
Market Research Analysis
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.
As a result of their accuracy and cost efficiency, the
demand for DEWs such as HEL and HPM weapons has been increasing. HEL is likely
to find applications in anti-personnel weapon systems and missile defense
systems and can also be used for disabling lightly armored vehicles. Moreover,
R&D is a pre-requisite for the development of anti-ship missile defense
systems and the maintenance of global competitiveness in the market. Currently,
developed regions such as the Americas and Europe investment heavily into
procurement and development of these systems.
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.
By Component
Missile Interceptor
Radar
By Application
Ballistic Missiles Defense
Conventional Missile Defense
By Region
North America
Asia Pacific
Europe
Rest of the World
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.
Complete Report Details @ https://www.marketresearchfuture.com/reports/anti-ship-missile-defence-system-market-4518
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