The global missiles and missile defense systems market 2013 2023 - Reports Corner

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Reports Corner
The Global Missiles and Missile Defense Systems
Market 2013-2023

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Reports Cornerwww.reportscorner.com
Product Synopsis
This report is the result of SDI's extensive market and company
research covering the global missiles and missile defense
systems industry. 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 key news.

Brief SummaryBrief Summary
Product Synopsis
This report is the result of SDI's extensive market and company
research covering the global missiles and missile defense systems
industry. 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 key news.
Introduction and Landscape
Why was the report written?
“The Global Missiles and Missile Defense Systems Market 2013-2023”
offers the reader detailed analysis of the global missiles and missile
defense systems market over the next ten years, alongside potential
market opportunities to enter the industry, using detailed market size
forecasts.

What are the key drivers behind recent market changes?
The US has witnessed budget cuts in the recent past and is likely to
continue to do so in the future. Despite this, North America is expected
to account for the largest share of the total global expenditure on
missiles and missile defense systems with 39% in the forecast period.
High demand in the region is primarily driven by the five major missile
defense programs: the Aegis Ballistic Missile Defense (BMD) System,
the Ground-Based Mid-Course Defense System, the Terminal High-
Altitude Air Defense System (THAAD), the Medium Extended Air
Defense System and the European Phased Adaptive Approach (PAA)
Defense System. Asia and Europe are also expected to account for a
significant proportion of the total global missiles and missile defense
systems market during the forecast period, with shares of 33% and
16% respectively.

This will be largely driven by the efforts of countries such as India,
China and Russia to modernize their armed forces. The Middle East,
Latin America and Africa account for 9%, 2% and 1% of global missile
and missile defense systems expenditure respectively.
What makes this report unique and essential to read?
“The Global Missiles and Missile Defense Systems Market 2013-2023”
provides detailed analysis of the current industry size and growth
expectations from 2013 to 2023, including highlights of key growth
stimulators. It also benchmarks the industry against key global markets
and provides a detailed understanding of emerging opportunities in
specific areas.

Key Features and Benefits
The report provides detailed analysis of the market for missiles and
missile defense systems during 2013-2023, including the factors that
influence why countries are investing or cutting defense expenditure. It
provides detailed expectations of growth rates and projected total
expenditure.
A significant number of countries are investing in the development of
their domestic missile industries by establishing strategic alliances and
technology transfer agreements with global missile manufacturers. In
addition to improving the indigenous capabilities of a domestic defense
firm, this provides the foreign original equipment manufacturers (OEM)
with an opportunity to cater to a new market. Furthermore, European
countries still suffering from the effects of a recession, including
France, Germany, Italy and the UK, are undertaking joint research and
development projects in order to reduce the per-unit costs of a missile.

Partnerships between countries that possess an advance defense
industrial base, such as the UK and France, also enable mutual
sharing of advanced technology.
Foreign OEMs seeking to enter a specific missiles market often
enter into marketing agreements with domestic companies to gain
an opportunity to market their products in a specific region. For
example, in August 2011, Ratheon of the US and Israel's Rafael
Advanced Defense Systems Ltd teamed up to market the Iron
Dome weapon system in the US. Rafael developed the short-range
Iron Dome air defense system to provide protection against
rockets, artillery and mortar attacks. In June 2007, Lockheed
Martin and Kongsberg signed a joint marketing agreement for an
aircraft version of the Naval Strike Missile (NSM), adapted for
deployment on Lockheed Martin's F-35 joint strike fighter.

In January 2007, Lockheed Martin and Kongsberg signed a joint
marketing agreement for an aircraft-version of the Naval Strike
Missile (NSM), known as the Joint Strike Missile (JSM).
Key Market Issues
Traditionally, North America and Europe accounted for around
80% of global defense spending. However, the global economic
downturn, US economic crisis and European debt crisis are
expected to negatively impact defense spending, leading to
defense budget cuts. As a consequence, allocation for missiles
and missile defense systems is not expected to grow significantly
during the forecast period owing to financial constraints faced by
most of the leading defense spenders. For example, the US, the
largest defense spender, announced defense budget cuts of
US$178 billion during 2011-2015.

The US Defense Department recently proposed cutting more than
a half-billion dollars from missile defense in 2014 even amid
heightened concern over North Korea and new intelligence
suggesting Pyongyang may be able to arm a ballistic missile with
a nuclear warhead. The Pentagon plans to spend US$9.16 billion
on ballistic missile defense in fiscal 2014. The amount is US $558
million, or 5.7% less than the US$9.72 billion it requested for 2013.
Furthermore, the figures do not take into account the automatic
budget cuts, known as sequestration, which took effect in March
2013.
In 2009, the US government scrapped the European missile
defense system due to technical flaws and significant cost
overruns, and replaced it with entirely new missile defense
architecture.

Various missile defense programs are currently facing the same
problems due to the sheer magnitude of resources required for
their successful implementation. The US Missile Defense Agency
(MDA) has spent US$80 billion in researching and deploying
various elements of the country's BMD system since 2002.
However, due to inadequate and inaccurate reporting of baseline
budget numbers by the MDA, the Government Accountability
Office (GAO) has been unable to conclusively assess the total
cost of the US BMD program for six years in a row. Moreover, with
the MDA failing to achieve its test objectives for many of its
missile defense programs, the government is incurring large cost
overruns, which are estimated at US$4-6 billion.

Key Highlights
The latest nuclear missile tests undertaken by the North Korean
government in 2013 have raised serious concerns among various
countries globally, including the US, South Korea, Japan,
Australia etc. The relations between the US and North Korea have
been tense from a long period of time. Therefore, with the North
Korean deployment of missiles aimed at the US and the
knowledge that the 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. Apart from North Korea,
another nation which poses a significant threat to global peace is
Iran. Iran has been carrying out uranium enrichment for its nuclear
power program, which some nations are concerned could be used
in nuclear weapons.

The country possesses various short, medium and intermediate
range ballistic missiles and is in the process of developing an
intercontinental-range missile known as the Shahab-6, which is
expected to strike as far as the UK. Iran has also received
assistance from Russia and North Korea, with Russia looking to
weaken the military stronghold of the US. In addition to its
development programs, Iran is also engaged in the mass
distribution of ballistic missile technology to countries such as
North Korea, Sudan and Congo, all of which have been deemed to
be rouge states by the US and pose a threat to global security.
Due to the fact that many missiles are becoming obsolete or
reaching the end of their lives, the global missiles and missile
defense systems market is expected to grow during the forecast
period, despite budget cuts.

Countries such as the US, Russia, China, the UK, Germany and
countries in South Asia are seeking to replace existing missiles
with new ones or upgrade their existing technology.
A number of countries worldwide are planning to increase their
nuclear capabilities and missile strike ranges. Countries such as
the US, India, Russia, Israel, China, Italy, Germany, France, Spain,
Sweden and the UK are procuring long-range ICBMs which are
capable of hitting targets at distances of up to 6,000 kilometers.
South Korea, which until recently was prohibited by an accord
with the US to possess missiles with a range of more than 300
kilometers is expected to acquire ICBMs with longer ranges of up
to 800 kilometers.

Table of ContentsTable of Contents
1 1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Summary Methodology
1.4 About Strategic Defence Intelligence
2 Executive Summary
3 Global Missiles and Missile Defense Systems market Size and Drivers
3.1 Missiles and Missile Defense Systems market Size and Forecast
3.1.1 Global missiles and missile defense systems market to show positive growth
3.2 Global Missiles and Missile Defense Systems Market - Regional Analysis
3.2.1 North America dominates the global missiles and missile defense systems market
3.2.2 Demand for missile defense systems in the US to spur the North American market
3.2.3 Demand in Europe expected to increase marginally due to defense budget cuts
3.2.4 Asia to be a lucrative market for missiles and missile defense systems

3.2.5 Latin American market expected to register a CAGR of 6.03% over the forecast period
3.2.6 Middle Eastern missiles and missile defense systems market to increase gradually in the forecast
period
3.2.7 Demand for missiles and missile defense in Africa is expected to reach US$183 million by 2023
3.3 Missiles and Missile Defense Systems Sub-Sector Market Size Composition
3.3.1 Missile defense systems market to account for 40.5% of the market during the forecast period
3.3.2 Missile defense systems market expected to grow at a CAGR of 3.77% during the forecast period
3.3.3 Surface-to-air missiles market expected to grow at a CAGR of 6.76% during the forecast period
3.3.4 Air-to-surface missiles market expected to remain constant during the forecast period
3.3.5 Surface-to-surface missile market to grow at a CAGR of 0.33%
3.3.6 Market for air-to-air missiles expected to reach US$1.6 billion by 2023
3.3.7 Anti-ship missiles market size expected to grow at a CAGR of 5.18% during the forecast period
3.3.8 Market for anti-tank missiles expected to increase and reach US$1.1 billion by 2023
3.4 Demand Drivers and Growth Stimulators
3.4.1 North Korean missile tests and Iran's nuclear program to spur demand for missiles globally

3.4.2 Modernization initiatives across major countries to drive the market
3.4.3 Increasing need for longer range missiles among countries for deterrence against potential threats
3.5 Defense Budget Spending Review
3.5.1 European capital expenditure expected to increase during the forecast period
3.5.2 Asian defense budgets expected to increase at a robust pace
3.5.3 North American defense expenditure projected to decline marginally during the forecast period
3.5.4 Modernization programs likely to drive defense expenditure in South American countries
3.5.5 Military budgets of African countries expected to increase during the forecast period
3.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period
3.6 Defense Modernization Review
3.6.1 Debt crisis in Europe leading to postponement of modernization plans
3.6.2 Arms race in Asia reflected in modernization plans
3.6.3 North American modernization plans marginally affected by economic recession
3.6.4 Modernization programs in South America driven by replacement of obsolete armaments

3.6.5 African countries mainly spending on infantry weapons, and surveillance and monitoring equipment
to slow the growing crime rate
3.6.6 Middle Eastern countries pursuing modernization of air force and air defense systems
4 Industry Trends, Recent Developments and Challenges
4.1 Technological Developments
4.1.1 Kinetic kill technology enabling the building of improved missile defense systems
4.1.2 Electromagnetic railgun (EMRG) technology, a next generation propulsion technology for naval
surface fire support
4.1.3 Smokeless missiles to prevent target back to firer
4.1.4 Anti-aircraft-carrier missile capable of being launched from mobile launch platforms
4.1.5 Laser defense systems that blind missiles during flight
4.1.6 New materials to make existing weapons more powerful
4.2 Market Trends
4.2.1 Increasing missile development capabilities among the developing economies
4.2.2 Missile defense systems gaining importance globally

4.3 Industry Consolidation
4.3.1 Joint research and development programs expected to increase during the forecast period
4.3.2 Companies are entering into marketing agreements to cater to specific markets
4.4 Key Challenges
4.4.1 Global defense budget cuts expected to impact the missiles and missile defense systems market
4.4.2 Lack of transparency and failure to achieve test objectives to cause cost overruns
5 SWOT Analysis of the Missiles and Missile Defense Systems Market
5.1.1 Acts of aggression by North Korea and Iran to drive demand in the US and allied countries
5.1.2 High-precision systems enhance accuracy
5.1.3 Technological innovations such as the Iron Dome missile system to handle asymmetric threats
5.2 Weaknesses
5.2.1 High cost of developing missiles and missile defense systems causing a drain on national budgets

5.2.2 Missile Technology Control Regime to adversely impact sales of missiles
5.2.3 Missile defense programs failing towards the end of advanced testing stage
5.3 Opportunities
5.3.1 As fleet strength within Asia-Pacific increases, demand for anti-ship missiles is set to rise
5.3.2 The growing demand for unmanned combat aerial vehicles to increase the scope of the market
5.3.3 Development of the ALTBMD program to spur demand for missile defense system elements
5.3.4 Next generation of Navy missile defense to drive demand for Ballistic Missile Defense in Warships
5.4 Threats
5.4.1 Demand for missiles could be weakened by laser-guided bombs
5.4.2 US and European economic crisis
5.4.3 Across the board defense cuts to impact demand
6 Country Analysis - Missiles and Missile Defense Systems Market
1 61
6.1 United States Market Size and Forecast 2013-2023

6.1.1 Missile defense systems expected to account for the largest share of US missile expenditure
6.1.2 Surface-to-Air missiles expected to constitute the second largest market share in the US
6.1.3 Demand for air-to-surface missiles expected to increase during the forecast period
6.2 United Kingdom Market Size and Forecast 2013-2023
6.2.1 Surface-to-Air missiles expected to account for the largest share of UK spending on missiles and
missile defense systems
6.2.2 Surface-to-Surface segment expected to register a CAGR of 4.14% over the forecast period
6.2.3 Air-to-Surface segment expected to account for the third largest segment in the UK
6.3 Russia Market Size and Forecast 2013-2023
6.3.1 Russian surface-to-surface missiles market to witness highest spending during the forecast period
6.3.2 Russian surface-to-air missiles expected to account for the second largest segment in the Russian
missiles and missile defense systems market
6.3.3 Missile defense systems to account for a share of 12% of the total Russian expenditure on missiles
and missile defense systems
6.4 France Market Size and Forecast 2013-2023

6.4.1 Missile defense system market to be robust over the forecast period
6.4.2 Procurement of M51 missiles to drive Surface-to-Surface market segment
6.4.3 Anti-ship missiles expected to be the third largest segment in the French missiles and missile
defense systems market
6.5 Qatar Market Size and Forecast 2013-2023
6.5.1 Qatar to spend on the procurement of missile defense systems
6.5.2 Qatar's air-to-surface missiles procurement to end by 2018
6.6 UAE Market Size and Forecast 2013-2023
6.6.1 Air-to-Surface market to be robust over the forecast period
6.6.2 Procurement of THAAD systems to drive missile defense systems market segment
6.7 China Market Size and Forecast 2013-2023
6.7.1 Spending on surface-to-air missiles segment expected to be robust during the forecast period
6.7.2 Missile defense systems segment to attract significant funding during the forecast period
6.7.3 Anti-ship missiles to account for the third largest segment of the Chinese missiles and missile
defense market

6.8 South Korean Market Size and Forecast 2013-2023
6.8.1 Missile defense systems to account for the largest share of expenditure during the forecast period
6.8.2 Anti-ship missiles to account for the second largest sector in the South Korean missiles and missile
defense market
6.8.3 South Korea's need for longer-range ballistic missiles to drive the spending on surface-to-surface
missiles
6.9 India Market Size and Forecast 2013-2023
6.9.1 Surface-to-air missiles segment expected to account for the largest share
6.9.2 Missile defense systems to account for the second largest expenditure
6.9.3 Spending on anti-tank missiles to be robust during the forecast period
6.1 Algeria Market Size and Forecast 2013-2023
6.10.1 Surface-to-air missiles segment to drive the market during the forecast period
6.11 Brazil Market Size and Forecast 2013-2023
6.11.1 Brazil is developing surface-to-surface missiles
6.11.2 Brazil expected to procure MAR-1 air-to-surface missiles

6.11.3 Brazil expected to acquire Pantsir-S1 Missile Defense System
6.12 Peru Market Size and Forecast 2013-2023
6.12.1 Peru is expected to spend on Missile Defense Systems during the forecast period
6.12.2 Peru requires Anti-ship missiles for its naval forces
6.12.3 Peru buys anti-tank missiles from Russia and Israel
7 Major Missile Programs
7.1 Anti-Ship Missiles
7.1.1 BrahMos
7.2 Missile Defense Systems
7.2.1 Ballistic Missile Defense Program
7.2.2 Patriot Advanced Capability-3 (PAC-3)
7.2.3 Multi-national Medium Extended Air Defense System (MEADS)
7.2.4 Aegis Ballistic Missile Defense
7.3 Surface-To-Air Missiles

7.3.1 Akash
7.3.2 Future Local Area Air Defense System (FLAADS-Maritime) program
7.4 Surface-To-Surface Missiles
7.4.1 Agni
7.4.2 MGM-140 ATACMS
7.4.3 Conventional Prompt Global Strike (CPGS)
7.4.4 Bulava
7.5 Air-to-Air Missiles
7.5.1 A-Darter
7.6 Air-to-Surface Missiles
7.6.1 AGM -158 joint air-to-surface standard missile (JASSM)
7.6.2 Lightweight multirole missile (LMM) program
7.6.3 Joint air-to-ground missile (JAGM)
7.7 Anti-Tank Missiles

7.7.1 Nag
8 Competitive Landscape and Strategic Insights
8.1 Competitive Landscape Overview
8.1.1 Raytheon: Overview
8.1.2 Raytheon: Products and Services
8.1.3 Raytheon: recent announcements and strategic initiatives
8.1.4 Raytheon: alliances
8.1.5 Raytheon: recent contract awards
8.1.6 Raytheon: financial analysis
8.1.7 MBDA: overview
8.1.8 MBDA: products and services
8.1.9 MBDA: recent announcements and strategic initiatives
8.1.10 MBDA: alliances
8.1.11 MBDA: recent contract Wins

8.1.12 Eurosam: overview
8.1.13 Eurosam: products and services
8.1.14 Eurosam: recent announcements and strategic initiatives
8.1.15 Eurosam: alliances
8.1.16 Eurosam: recent contract awards
8.1.17 Rafael Advanced Defense Systems Ltd: overview
8.1.18 Rafael Advanced Defense Systems Ltd.: products and services
8.1.19 Rafael Advanced Defense Systems Ltd.: recent announcements and strategic initiatives
8.1.20 Rafael Advanced Defense Systems Ltd.: alliances
8.1.21 Rafael Advanced Defense Systems Ltd: recent contract awards
8.1.22 Rafael Advanced Defense Systems Ltd.: financial analysis
8.1.23 Lockheed Martin Corporation: overview
8.1.24 Lockheed Martin Corporation: products and services
8.1.25 Lockheed Martin Corporation: recent announcements and strategic initiatives

8.1.26 Lockheed Martin Corporation: alliances
8.1.27 Lockheed Martin Corporation: recent contract awards
8.1.28 Lockheed Martin Corporation: financial analysis
8.1.29 Boeing: overview
8.1.30 Boeing: products and services
8.1.31 Boeing: recent announcements and strategic initiatives
8.1.32 Boeing: alliances
8.1.33 Boeing: recent contract awards
8.1.34 Boeing: financial analysis
8.1.35 Kongsberg Defense Systems: overview
8.1.36 Kongsberg Defense Systems: products and services
8.1.37 Kongsberg Defense Systems: recent announcements and strategic initiatives
8.1.38 Kongsberg Defense Systems: alliances
8.1.39 Kongsberg Defense Systems: recent contract awards

8.1.40 Saab: overview
8.1.41 Saab: products and services
8.1.42 Saab: recent announcements and strategic initiatives
8.1.43 Saab: alliances
8.1.44 Saab: recent contract awards
8.1.45 Saab: financial analysis
8.1.46 BAE Systems: overview
8.1.47 BAE Systems: products and services
8.1.48 BAE Systems: recent announcements and strategic initiatives
8.1.49 BAE Systems: alliances
8.1.50 BAE Systems: recent contract awards
8.1.51 BAE Systems: financial analysis
8.1.52 Northrop Grumman: overview
8.1.53 Northrop Grumman: products and services

8.1.54 Northrop Grumman: recent announcements and strategic initiatives
8.1.55 Northrop Grumman: alliances
8.1.56 Northrop Grumman: recent contract awards
8.1.57 Northrop Grumman: financial analysis
8.1.58 Alliant Techsystems: overview
8.1.59 Alliant Techsystems: products and services
8.1.60 Alliant Techsystems: recent announcements and strategic initiatives
8.1.61 Alliant Techsystems: alliances
8.1.62 Alliant Techsystems: recent contract awards
8.1.63 Alliant Techsystems: financial analysis
8.1.64 Rheinmetall Defense: overview
8.1.65 Rheinmetall Defense: products and services
8.1.66 Rheinmetall Defense: recent announcements and strategic initiatives
8.1.67 Rheinmetall Defense: alliances

8.1.68 Rheinmetall Defense: recent contract awards
8.1.69 Rheinmetall Defense: financial analysis
8.1.70 Aerojet: overview
8.1.71 Aerojet: products and services
8.1.72 Aerojet: recent announcements and strategic initiatives
8.1.73 Aerojet: alliances
8.1.74 Aerojet: recent contract awards
8.1.75 Aerojet: financial analysis
8.1.76 BrahMos Aerospace: overview
8.1.77 BrahMos Aerospace: products and services
8.1.78 BrahMos Aerospace: recent announcements and strategic initiatives
8.1.79 BrahMos Aerospace: alliances
8.1.80 BrahMos Aerospace: recent contract awards
8.1.81 Thales: overview

8.1.82 Thales: products and services
8.1.83 Thales: recent announcements and strategic initiatives
8.1.84 Thales: alliances
8.1.85 Thales: recent contract awards
8.1.86 Thales: financial analysis
8.1.87 Bharat Dynamics Limited: overview
8.1.88 Bharat Dynamics Limited: products and services
8.1.89 Bharat Dynamics Limited: recent announcements and strategic initiatives
8.1.90 Bharat Dynamics Limited: alliances
8.1.91 Bharat Dynamics Limited: recent contract awards
8.1.92 Bharat Dynamics Limited: financial analysis
8.1.93 Denel Dynamics: overview
8.1.94 Denel Dynamics: products and services
8.1.95 Denel Dynamics: recent announcements and strategic initiatives

8.1.96 Denel Dynamics: alliances
8.1.97 Denel Dynamics: recent contract awards
8.1.98 Denel Dynamics: financial analysis
8.1.99 Mectron: overview
8.1.100 Mectron: products and services
8.1.101 Mectron: recent announcements and strategic initiatives
8.1.102 Mectron: alliances
8.1.103 Mectron: recent contract awards
8.1.104 Mectron: financial analysis
8.1.105 Sagem: overview
8.1.106 Sagem: products and services
8.1.107 Sagem: recent announcements and strategic initiatives
8.1.108 Sagem: alliances
8.1.109 Sagem: recent contract awards

8.1.110 Sagem: financial analysis
8.1.111 Makeyev Design Bureau: overview
8.1.112 Makeyev Design Bureau: products and services
8.1.113 Makeyev Design Bureau: recent announcements and strategic initiatives
8.1.114 Makeyev Design Bureau: alliances
8.1.115 Makeyev Design Bureau: recent contract awards
8.1.116 Makeyev Design Bureau: financial analysis
8.1.117 Tactical Missiles Corporation: overview
8.1.118 Tactical Missiles Corporation: products and services
8.1.119 Tactical Missiles Corporation: recent announcements and strategic initiatives
8.1.120 Tactical Missiles Corporation: alliances
8.1.121 Tactical Missiles Corporation: recent contract awards
8.1.122 Tactical Missiles Corporation: financial analysis

9 Appendix
9.1 Methodology
9.2 About SDI
9.3 Disclaimer

For more informationFor more information
For more information please visit our website
https://www.reportscorner.com/reports/23642/The-Global-Missiles-and-Missile-
Defense-Systems-Market-2013-2023/

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The global missiles and missile defense systems market 2013 2023 - Reports Corner