Fortune Business Insights Pvt Ltd announces the publication research report Rocket and Missiles Market, 2023-2027. The Rocket and Missiles Market size is expected to register a steady CAGR of 4.58% and is expected to reach USD 84.77 Billion billion by 2027.
Presents the clean elaborated structure of the market comprising an in-depth evaluation of this industry. The report explores components associated with the market covering the industry environment, Rocket and Missiles Market size, share, segmentation analysis, and competitive landscape. According to the report, the will generate massive returns by the end of the forecast period and is expected to show an appreciable rate of growth over the coming years on an annual basis. It explains the market’s rapid development in the current and past years and its progress during the forecast period.
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The study offers a commendable brief of Rocket and Missiles Market segmentation by top players/brands, regions, types, and end-user. Our team of expert researchers has obtained a complete range of information related to the market. Through advanced and reliable primary and secondary research sources, the analysts have gathered, calculated, and verified all data and findings. Further key countries expected to display significant growth prospects are included in the report. The report highlights key market dynamics, the profile of key Rocket and Missiles Market players, and a comprehensive outline of the market environment in terms of sales and production for the forecast period.
Major Key Companies Covered in Rocket and Missiles Market are:
- Denel Dynamics (South Africa)
- General Dynamics Corporation (U.S.)
- ROKETSAN A.S. (Turkey)
- KONGSBERG (Norway)
- Lockheed Martin Corporation (U.S.)
- MBDA (France)
- MESKO (Poland)
- Nammo AS (Norway)
- Rafael Advanced Defense Systems Ltd. (Israel)
- Raytheon Technologies Corporation (U.S.)
- Saab AB (Sweden)
- Thales Group (France)
The following report presents the findings of thorough primary and secondary research, providing a comprehensive understanding of the current and future objectives of the Rocket and Missiles Market. The report includes a competitive analysis of the industry, categorized by application, type, and regional trends, alongside a dashboard overview of the historical and current performance of key players. To ensure accuracy and comprehensiveness, a range of methodologies and analyses were implemented throughout the report.
Main Pointers Presented in the Report are:
- Recent Rocket and Missiles Market trends
- Geographical dissection
- Industry drivers
- Market Competitors
- Turnover predictions
- Competitive framework
- Key challenges
- Market concentration rate analysis
- Consumption growth rate
Supply Chain Disruptions Caused by the COVID-19 Outbreak to Stall Market Growth
The rocket and missile market growth is likely to get hampered throughout 2020 by the outbreak of the COVID-19 contagion. The pandemic has led to unforeseen shocks to supply chains worldwide, crippling defense manufacturing activities around the globe. For instance, the Italian shipbuilding company, Fincantieri, was forced to halt its operations in March 2020 as the coronavirus spread like wildfire around the world. Accentuating these disruptions is the suspension of business development activities in the defense sector. For example, planned expos such as the EUROSATORY 2020, where procurement contracts are finalized, now face an uncertain future, further affecting this industry. Moreover, major players in rockets and missiles domain are also witnessing a sharp fall in their stock prices. For instance, between February and March, stock value of the Thales Group fell by 33%, while Leonardo’s declined by 55%. The cascading effect of the coronavirus pandemic is, therefore, expected to negative on this growth in the immediate future.
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Regions Covered in Rocket and Missiles Market Report are:
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and the rest of South America)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
- March 2020: Raytheon Company secured a USD 1 billion-worth agreement to buy propulsion systems for their standard missile products from Aerojet Rocketdyne. The agreement will span five years and is focused on optimizing supply chain dynamics between the two companies.
- April 2020: The US Army awarded a contract of estimated value of $6.07 billion to Lockheed Martin to produce and deliver Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement interceptors over three years till 2023. This will bolster US’s position as a major supplier of missile interceptors among other leading world economies.
Key Questions Answered:
- What are the Rocket and Missiles Market trends shaping the market?
- What are the growth opportunities in the market?
- What are the key players operating in the market?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market share and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
Some Main Reasons for Purchasing This Report
- A detailed introduction of the industry, inclusive of the progress
- A detailed study of the top players in the market
- A detailed survey of the with respect to the present and future Rocket and Missiles Market scenario
- Readers of this report will receive in-depth knowledge about the market
- New ways and approaches appropriate within the advancement structure of the market.
- It will help you to find prospective partners and suppliers.
- It will assist and strengthen your company’s decision-making processes.
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