Interceptor Missiles Market is Likely to Witness huge Growth over 2020 – 2026

1. Interceptor Missiles Market To Surpass 8 Billion US$ by 2026: Global Market Insights, Inc. Fuel Cell Market size worth $25.5bn by 2024

2. Interceptor Missiles Market Scenario: • Global Interceptor Missiles Market size is forecast to cross the USD 8 billion mark by 2026, projects Global Market Insights, Inc., in its comprehensive study. • Interceptor missiles market demand is substantiated by a constant rise in airborne threats and favorable trends in military spending on a global scale. Rise in political insurgencies and cross border conflicts has prompted multiple countries to allocate substantial economic resources towards the enhancement of their military capabilities. • Against the backdrop of worsening political situations, multiple governments are attaching paramount importance to the acquisition of arms & ammunition along with investments in military vehicles, which is favoring interceptor missiles industry demand. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

3. Regional Analysis of Interceptor Missiles Market : • In terms of regional contribution, North America interceptor missiles market is poised to exhibit a growth rate of above 6% over the forecast period. High defense budget allocation, presence of major industry players in the region, and the need to upgrade existing missile systems are likely to propel the growth of North America market. • Another key trend that has been noted over recent years is the collaboration of prominent industry players with manufacturers based in Asia Pacific region to achieve economies in production. Developing economies in the region, including India and China are attracting FDI for manufacturing and are undertaking concrete steps to support the same.

4. Application Analysis of Interceptor Missiles Market : • The surface to air segment stood at USD 3 billion in 2018 and is likely to record a CAGR of 5% over the forecast period of 2020-2026. These missile systems are utilized in both land and naval applications. Land-based interceptor missiles are experiencing massive demand owing to their superior operational capabilities and easy integration with various C4ISR systems. • As per estimates, the long-range interceptor missiles segment is expected to depict a CAGR of 6% over the forecast period.

5. Competitive Market Share of Interceptor Missiles Market : • The renowned players operating within interceptor missiles market include Northrop Grumman Corporation, Raytheon Company, Thales Group, the Boeing Co., Saab AB, Kongsberg, MBDA, Almaz-Antey, L3Harris, Aerojet Rocketdyne, Leonardo S.p.A., heinmetall AG, and Lockheed Martin. • Long-term collaboration with government and defense organizations remains among the key strategies underlining the industry terrain. However, it is imperative to note that major defense contracts are multi-layered and are subject to political agendas of different countries. High involvement of government bodies in such transactions might stand as a challenge to the growth of the market.

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