At 4+% CAGR, Rocket and Missile Market Potentially Worth $70 Billion by 2022 Led by Ballistic Missiles

PUNE, India, June 4, 2017 /PRNewswire-iReach/ -- Based on missile type, the rocket and missile market has been segmented into cruise missile and ballistic missile. The ballistic missile type segment projected to grow at the highest CAGR during the forecast period. The ballistic missile segment is projected to grow at the highest CAGR during the forecast period. This high growth can be attributed to the increasing demand for Surface-to-Air Missiles (SAMs) and huge investments made for the procurement of ballistic missiles by armed forces across the globe. Complete report on "Rocket and Missile Market" spread across 182 pages, profiling 12 companies and supported with 134 tables and 45 figures is now available athttp://www.rnrmarketresearch.com/rocket-and-missile-market-by-type-missile-rocket-launch-mode-surface-to-surface-surface-to-air-air-to-air-air-to-surface-subsea-to-surface-propulsion-solid-liquid-hybrid-scramjet-turbojet-ramjet-st-to-2022-market-report.html .

The Asia-Pacific rocket and missile market is projected to grow at the highest CAGR during the forecast period. In the Asia-Pacific region, the rocket and missile market in China is projected to grow at the highest CAGR during the forecast period, owing to technological advancements, rising incidences of armed conflict, and war against terrorism. The increasing demand for military equipment from emerging nations and rising terrorist activities in South Asia are some of the factors fueling the demand for rockets and missiles in the region.

China is also one of the largest exporters and manufacturers of defense systems. In February 2017, China showcased its DF-16 missile, which is a medium-range ballistic missile with an operational range of 1,000 km. Countries such as the U.S., India, and Japan face an increasing threat from China due to its growing capability in missiles and rockets.

The increasing threat from aerial combat platforms and requirement of long range and high speed missiles are the major factors driving the rocket and missile market globally. However, high cost involved in the development of missile systems and the declining defense budgets of developed countries may restrain the growth of the rocket and missile market in the U.S., the U.K., France, and Germany.

This research study is obliging for following audience:

The major companies profiled in the report are Lockheed Martin Corporation (U.S.), MBDA, Inc. (U.K.), Rafael Advanced Defense Systems (Israel), Thales Group (France), Saab AB (Sweden), Raytheon Company (U.S.), and Kongsberg Gruppen (Norway), among others.Download PDF Brochure "Rocket and Missile Market by Type (Missile, Rocket), Launch Mode (Surface-to-Surface, Surface-to-Air, Air-to-Air, Air-to-Surface, Subsea-to-Surface), Propulsion (Solid, Liquid, Hybrid, Scramjet, Turbojet, Ramjet) & Region - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1027888 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (55%), Tier 2 (20%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (45%), Manager Level (25%) and others (30%) from various key organizations operating in the rocket and missile market. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), Asia-Pacific (50%) and RoW (20%).

Research Coverage: This report presents a complete analysis of the rocket and missile market during the forecast period. The rocket and missile market has been broadly classified on the basis of type (missile, rocket), launch mode (surface-to-surface (SSM), surface-to-air (SAM), air-to-air (AAM), air-to-surface (ASM), subsea-to-surface (SuSM)), propulsion (solid, liquid, hybrid, scramjet, turbojet, ramjet), and region.

On a related note, another research titled Unmanned Surface Vehicle (USV) Market Global Forecast to 2022says, the unmanned surface vehicle market is expected to grow from $470.1 million in 2017 to $938.5 million by 2022 at a CAGR of 14.83% from 2017 to 2022. Defense segment expected to dominate the USV market during the forecast period. North America dominates; Europe to grow at the highest rate. Companies such as Autonomous Surface Vehicle Limited (U.K.), Textron Inc. (U.S.), ECA Group (France), Israel Aerospace Industries (Israel), Elbit Systems (Israel) have been profiled in this 140 pages research report available at http://www.rnrmarketresearch.com/unmanned-surface-vehicle-usv-market-by-application-defense-scientific-research-commercial-miscellaneous-size-small-medium-large-extra-large-propulsion-system-modes-of-operation-payload-geography-st-to-2021-market-report.html .

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