The latest report by IMARC Group, titled “Cruise Missile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on the global cruise missile market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global cruise missile market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 11% during 2021-2026. A cruise missile is a pilotless, low-flying guided missile designed for delivering nuclear and conventional warfare while flying at lower altitudes to escape radar detection. It can travel at supersonic or hypersonic speed and self-navigate on a non-ballistic trajectory. Cruise missile technologies include gyroscopes, inertial guidance, motion sensors, pre-programmed flight path, and the global positioning system (GPS). They are being commercially categorized based on varying ranges, such as short, medium, and long-range.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Market Trends and Drivers:
The numerous initiatives undertaken by the governments of various countries for strengthening the military and defense sector by implementing nuclear-armed and submarine cruise missiles development programs is one of the key factors driving the market growth. Furthermore, the increasing tension between neighboring nations due to terrorist activities and political issues is propelling the market growth. Other factors, such as the rising investments in the research and development (R&D) activities to innovate modern warfare strategies and technologies, along with the integration of artificial intelligence (AI) in cruise missiles for delivering long-range strategic nuclear strikes are contributing to the market growth.
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Aerojet Rocketdyne Inc.
- Avibras Industria Aeroespacial SA
- China Aerospace Science and Industry Corporation Limited
- Defence Research and Development Organisation
- Kongsberg Gruppen
- Lockheed Martin Corporation
- MBDA
- Raytheon Technologies Corporation
- Roketsan Roket Sanayii ve Ticaret AS
- The Boeing Company
Breakup by Launch Platform:
- Air
- Surface Combatants
- Land
- Submarine
Breakup by Speed:
- Subsonic
- Supersonic
- Hypersonic
Breakup by Range:
- Short-range Missiles
- Medium-range Missiles
- Long-range Missiles
Breakup by Application:
- Attack
- Defensive
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Read More: Cruise Missile Market Report
