Global Surface-to-Air Missiles Market 2017-2021

Overview of the global surface-to-air missiles market

Technavio’s market research report predicts that the global surface-to-air missiles market will grow at a CAGR of nearly 5% during forecast period. Rising development of man-portable air-defense systems (MANPADS) is one of the primary drivers for market growth. The requirement for MANPADS has grown significantly over the years and is being used largely by soldiers on the ground take down low-flying enemy aircraft. The attacking abilities deployed for bombing or strafing, surveillance, gathering information, and resupplying enemy troops drives the growth of the MANPADS. Moreover, taking down the enemy’s aircraft is an effectual way to lower enemy tactics. This has resulted in substantial improvements to raise their stealth and destructive power with the demand for MANPADS. For Instance, STARStreak’s High-Velocity Missile (HVM) MANPADS were made with many launch platform capabilities and can be fired from the shoulder, lightweight multiple launchers or an armored vehicle. The STARStreak has several dart-like projectiles that allow multiple hits on the target. The missile has speeds equal to three times the speed of sound and includes a guidance system that is resistant to countermeasures.

One of the latest trends that will traction in the global surface-to-air missiles market is the development of various range missiles. Low, medium, and long ranges are the three known operational ranges for the surface-to-air missiles. With the rising preference for surface-to-air missiles, manufacturers and countries across the globe will start focusing on enhancing their product portfolio of these missiles.

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Technavio's industry research report titled, - Global Surface-to-Air Missiles Market, will help you-

• Identify latent opportunities and explorative solutions in the surface-to-air missiles market Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive analysis and key vendors

The global surface-to-air missiles market comprises of limited multinational and regional suppliers providing a variety of products and services. The market vendors compete based on advancements in technologies, cost, quality, and dependability. Moreover, as the unstable economic conditions will have a negative impact on the growth of the market, it becomes imperative for the key vendors to identify and respond to the growing geopolitical conditions for their long-term survival in the market.

Key vendors in the market are:

• Denel SOC
• MBDA
• Rafael Advanced Defense Systems
• Raytheon
• Thales

Other prominent vendors include Bharat Dynamics Limited (BDL), General Dynamics, Lockheed Martin, Israel Aerospace Industries (IAI), and Saab.

Segmentation by launch-type and analysis of the surface-to-air missiles market

• Vehicle-launched surface-to-air missile
• Shoulder-launched surface-to-air missile

During 2016, the vehicle-launched surface-to-air missile segment dominated the launch-type segment of the surface-to-air missiles market and is expected to continue its dominance over the next four years. The availability of a launch platform for multiple missiles and large size missiles to counter medium and long distance flying aircraft, helicopters, cruise missiles, and ballistic missiles will be the major factors driving the growth of the segment.

Geographical segmentation and analysis of the surface-to-air missiles market

• Americas
• APAC
• EMEA

In terms of geography, APAC led the surface-to-air missiles market during 2016 and is foreseen to continue the domination during the forecast period. The presence of top procurers and manufactures countries such as India, China, Pakistan, and Vietnam in the region will drive the growth of the market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global surface-to-air missiles market?
• What are the key market trends impacting the growth of the global surface-to-air missiles market?
• What are the challenges to market growth?
• Who are the key vendors in the global surface-to-air missiles market?
• What are the market opportunities and threats faced by the vendors in the global surface-to-air missiles market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global surface-to-air missiles market?

Technavio also offers customization on reports based on specific client requirement.

To offer clients insights into the dynamic supply landscape for the surface-to-air missiles market, Technavio takes into account the existing market scenario and elaborates on the key trends and drivers impacting the defense industry. While analyzing this market space, the research analysts have observed that this industry is witnessing profound market advancements in terms of missile defense systems with increased automated technologies, which is anticipated to positively affect the overall aerospace and defense industry’s growth. Our actionable market intelligence reports provide information on how major defense companies like Boeing, BAE Systems, Lockheed Martin, General Dynamics, General Electric, Northrop Grumman, Honeywell, Airbus, Raytheon, Pratt & Whitney, and Rolls-Royce are shaping the market space by introducing advanced product and services across the aerospace and defense sector.

Market research analysts at Technavio have also emphasized on the global overview of the defense sector to deliver an intensive market analysis for the surface-to-air missiles market. The upcoming report on surface-to-air missiles follows a tailor-made and objective approach to analyze the latest defense tendencies. It has also been noted that the requirement for surface-to-air missiles will witness enormous growth over the next four years owing to an increase in the defense budgets of several developing economies to upgrade and improve their war equipment due to the surging hostile air attacks. To present a comprehensive picture of the market, analysts have also calculated the market forecast and size from a global perspective to evaluate the buying behavior of governments and study vendor profiles. Technavio’s extensive competitor vendor analysis assists several defense companies in strategizing and executing their operations in the respective market. Our current reports in this segment include niche topics such as aerospace and attack helicopters, aircraft carriers, aircraft materials, communication, aerostructure, display components, fighter aircraft, electronic warfare systems, engines, land vehicles, helicopters, patrol vessels, navigation, sensor and control systems, rotary and fixed aircraft, submarines, sensor and control systems, transport aircraft, and weapons systems. These reports are aimed to help businesses build alertness and knowledge of competitors establishing themselves in these markets.

Extensive analysis executed by the industry experts estimate the growing focus of modern armed forces worldwide in the research and development and production of military materials, equipment, and facilities. Technavio’s forthcoming market research report also takes into account the growth of the other defense markets like the global anti-tank missile system market, which are expected to grow at a CAGR of around 4% by 2020. According to the industry experts, many defense companies are anticipated to have extensive improvements in defense technologies and warfare systems including fast attack crafts, man-portable rocket launchers, and attack helicopters. Our market research reports also offer a thorough understanding of industry overviews, sales statistics and forecasts, consequent product innovations, and upscale analysis of the constant research activities.

The upcoming market report for surface-to-air missiles also evaluates the key drivers, emerging trends, as well as the issues that the defense industry is currently witnessing. It also presents insights into the changing competitive landscape to give businesses a realistic presentation of the upcoming trends in the overall aerospace and defense sector.