Surface to air is expected to dominate the interceptor missiles market share accounting over 80% by 2024. This can be credited to portability and light weight application of the product. In addition, advancement in the SAMs capable of distinguishing friendly aircraft from enemy airplane will further fuel the segment growth. Water to air will witness growth over 7% owing to growing penetration of the product across the globe for marine border defense.
PAC-3 will contribute to major interceptor missiles market share accounting at over USD 6 billion during the forecast timeframe. Increasing demand of the product particularly from matured economy will boost the industry growth. For instance, in January 2013, the U.S. army initiated several contracts accounting around USD 755 million for procuring 168 PAC-3 and equipment and associated services
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Interceptor missiles market of up to 125 kms range is estimated to hold major share contributing demand over 2,000 units during the forecast timeframe. Consistent boost in the penetration of these product including PAC-3, SM-3 and Iron Dome particularly in Middle East countries such as Saudi Arabia, UAE and Israel will account the industry dominance.
Global interceptor missiles market is anticipated to exceed USD 14 billion by 2024. Consistent threat of attack from opposing nations will drive the industry demand. Countries including the U.S., Saudi Arabia, Qatar, Israel, UAE have already bought the product to boost their defense strength.
MEA interceptor missiles market will exhibit major share over the forecast timeframe owing to proliferating threats of enemy attack across the region. Consolidation of various countries with industry participants for procuring the product will further drive the industry demand. For instance, Qatar and UAE is estimated to sign a contract with Lockheed Martin for providing Patriot. Europe interceptor missiles market will exhibit growth over 7% during the forecast timeframe owing to increasing demand from Poland and Sweden.
Boeing Co., Aerojet Rocketdyne, Lockheed Martin Corp., Rafael Advanced Defense Systems and Raytheon Co. are among notable interceptor missiles market participants. Consistent development in the product portfolio is among major strategy adopted by the manufacturer
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Glimpse of Table of Content (ToC): –
Chapter 4. Interceptor Missiles Industry, By Surface
4.1. Global market share by surface, 2016 & 2024
4.2. Surface to air
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Water to air
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. Interceptor Missiles Industry, By Range
5.1. Global market share by range, 2016 & 2024
5.2. Up to 125 Kms
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3. Between 125 to 200 Kms
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.4. Above 200 Kms
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013-2024
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