May 20, 2010, London – ASDWire - The new 'Missiles Market 2010-2020' report available on ASDReports.com, analyses the global market for missiles. The report calculates that in 2010 the global market for missiles will amount to over $9.4bn.
Missiles remain at the core of defence acquisitions. After all, these are what provide firepower to the simplest missile-firing platform up to the most advanced aircraft and ships. The acquisition of air and missile defence systems along with surface attack weapons contribute in large part to the steady growth that is expected in the missiles market.
There are several missile development and acquisition programmes worldwide. Foremost among these are the efforts of a number of countries to acquire high-end air defence systems that can intercept ballistic missiles. There are also several acquisition programmes of fighters and warships that will require the corresponding purchase of missiles. Some of these programmes are initiated by the US, along with varied nations such as India, the UK and France, the United Arab Emirates, and several others. There are also a number of programmes that are multi-national in nature.
The US by far accounts for the biggest share of the missiles market. With missile development programmes including those for ballistic missile defence such as the Terminal High Altitude Air Defence (THAAD) and the naval Standard Missile 3 (SM-3) paired with Aegis, along with projects like Joint Air-to-Ground Missile (JAGM), the US is undertaking programmes to develop new generations of missiles. It will also have to replenish missiles expended in conflicts such as those in Afghanistan and earlier, Iraq. India is a key market with current programmes such as the BrahMos supersonic cruise missile with Russia and the Barak series of air defence missiles with Israel. The rising Asian power also has some of the most comprehensive fighter acquisition and warship-building programmes currently, which would eventually require missiles. Missile programmes related to the Royal Navy and the Royal Air Force also make the UK a leading market. In fact, there are many ongoing and planned programmes in various parts of the world. The Missiles Market 2010-2020 report reveals in which regions growth is expected for the missiles sector and in which missiles submarkets.
Find more information on ASDReports.com: http://www.asdreports.com/info.asp?id=4756
Download images concerning this Press Release.