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Anti-Ship Missile Defence System Market Revenue is expected to grow by Billions

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Anti-Ship Missile Defence System Market Revenue is expected to grow by Billions

Market Overview:

Global Anti-Ship Missile Defence System Market Revenue is expected to reach USD 139.8 billion by 2030 with 6.65% CAGR during the forecast period

The global Anti-Ship Missile Defence System Market Revenue is marked with growth potential in the coming years. The factors that influence the demand for anti-ship missile defence system are high demand for laser anti-ship missile defence systems, increasing R&D investments, and greater emphasis on maritime border security. The major trends and opportunities in the Anti-Ship Missile Defence System Market Revenue are modernization of naval combat systems and transition to SBX-band radar. The major challenges and that can restrain the market growth are the defence budget cuts, delays and project cancellations and shortcomings of the conventional missile defence systems.

High Demand for Laser Anti-Ship Missile Defense Systems has been a major driver for the global anti-ship missile defense system market. Laser wavelengths are approximately 10,000 times smaller than microwaves, causing lesser diffraction and making them more accurate when fired from long distances. In addition, laser weapon systems generate high-energy pulses. For example, one-megajoule laser pulse delivers the same energy as 200 grams of high explosive and has the same impact on a target.

As a result of their accuracy and cost efficiency, the demand for DEWs such as HEL and HPM weapons has been increasing. HEL is likely to find applications in anti-personnel weapon systems and missile defense systems and can also be used for disabling lightly armored vehicles. Moreover, R&D is a pre-requisite for the development of anti-ship missile defense systems and the maintenance of global competitiveness in the market. Currently, developed regions such as the Americas and Europe investment heavily into procurement and development of these systems.

Key Players:

BAE Systems Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, Saab Group, Elbit Systems Ltd

Market Segmentation:

The scope of the study segments the global anti-ship missile defense systems market by its component, application and regions.

By Component-


Missile Interceptor

Radar


By Application-


Ballistic Missiles Defense

Conventional Missile Defense


Region Analysis:

The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW).


North America, Asia Pacific, Europe, Rest of the World  


Full report @ https://www.marketresearchfuture.com/reports/anti-ship-missile-defence-system-market-4518

About Market Research Future:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions

Contact:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor, New York, New York 10013,

United States of America

+1 646 845 9312

Email: [email protected]

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