Surface-to-air missile (SAM) or Ground-to-air missile (GTAM) is a missile launched from ground position to intercept and destroy enemy aircraft or missiles. It has excellent acceleration that is usually guided by radar or infrared. Radar is one of the major components of surface-to-air missile that helps in tracking and guiding the tracks.
Rising development of man-portable air-defense systems (MANPADS) is one of the primary drivers for market growth. The requirement for MANPADS has grown significantly over the years and is being used largely by soldiers on the ground take down low-flying enemy aircraft. The attacking abilities deployed for bombing or strafing, surveillance, gathering information, and resupplying enemy troops drives the growth of the MANPADS. Moreover, taking down the enemy\'s aircraft is an effectual way to lower enemy tactics. This has resulted in substantial improvements to raise their stealth and destructive power with the demand for MANPADS.
APAC led the surface-to-air missiles market during 2017 and is foreseen to continue the domination during the forecast period. The presence of top procurers and manufactures countries such as India, China, Pakistan, and Vietnam in the region will drive the growth of the market.
The Surface-to-Air Missiles Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.
The report offers detailed coverage of Surface-to-Air Missiles industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Surface-to-Air Missiles by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Surface-to-Air Missiles market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global Surface-to-Air Missiles market for 2015-2027.
Key Companies
Boeing
Lockheed Martin
Northrop Grumman
Honeywell
Pratt & Whitney
Surface-to-Air Missiles Market by Type
High-Altitude Missile
Hollow Missile
Low Altitude Missile
Surface-to-Air Missiles Market by Application
Fighting
Air Defense
At the same time, we classify Surface-to-Air Missiles according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Surface-to-Air Missiles market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Surface-to-Air Missiles market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Surface-to-Air Missiles market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Surface-to-Air Missiles market for the forecast period 2021 - 2027?
• What are the driving forces in the Surface-to-Air Missiles market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Surface-to-Air Missiles industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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