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Shoulder Fired Anti-Tank, Anti-Aircraft Short Range Missiles and RPG Market: Global Forecasts and Analysis to 2014 - 2020

Global shoulder anti- aircraft short range missile market forecast to grow by a CAGR over 6% from 2014 to 2020


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07.11.2014 04:56:01 - Shoulder Fired Anti-Tank, Anti-Aircraft Short Range Missiles and RPG Market: Global Forecasts and Analysis to 2014 - 2020 - a new market research report on companiesandmarkets.com

(live-PR.com) - The global shoulder fired anti-tank, anti- aircraft short range missile and RPG is expected to register the growth with CAGR 6.03%, and reach $3.2 Billion by the end of 2020.The shoulder fired missile market in the U.S. is expected to grow from $1,185.60 million in 2014 to $1237.01 million in 2020 at an estimated CAGR of 1%. The flat growth

 

in the U.S. market is due to the end of the wars in Afghanistan and Iraq. The market is expected to continue remain flat throughout the study period, as the possibility of another war in the Middle East is highly unlikely.

India is expected to grow its shoulder fired anti-tank market from $172.80 million in 2014 to $302.80 million in 2020 at an estimated CAGR of 10%. The Indian market will be driven by India´s military modernization program to two threats: China and Pakistan. The military modernization program gives priority to procurement of shoulder fired anti tank missile (ATM) such as Javelin ATM and this emphasizes the growth potential of the market. Due to monetary downturn the major countries like U.S. and U.K. are observing economic difficulties. The U.S. has witnessed budget cut in the recent past and is likely to prolong in the near prospect, it has announced the budget cut of US$ 178 billion during 2011-2015. Any budget cut in these countries could slow down the defense industry. The North American shoulder fired missiles market is expected to remain flat through the study period as the war is Afghanistan and Iraq has ended and an U.S armed intervention in Iran and Syria remains highly unlikely.

The Asia Pacific shoulder fired anti-tank market will be driven by countries such as India, Japan, China, and South Korea. The rising tension in South and East China Sea region could force countries in these regions to prepare for a potential armed conflict.

The European market will primarily have a flat growth throughout the study period as the NATO deployments have returned after the war in Iraq and Afghanistan. Military modernization efforts in Eastern Europe countries such as Poland will add some momentum to the market. Unrests in countries like Bosnia and Ukraine will also have some potential if the current scenario further deteriorates into a civil war. Brazil, India, South Korea, China, and Japan are the new region due to their defense spending and their current national security. Change in Technology moved anti-tank rockets from aimed but unguided (Bazooka, Panzerschreck, Panzerfaust, PIAT, RPG-7) to manual guidance, to fire-and-forget systems using electro-optical sensors or W-band radars to lock onto their targets and provide terminal guidance.

The key players like Raytheon, Rafael Advanced Defense Systems Ltd, Raytheon Company Alliant Techsystems (ATK), MBDA, and Lockheed Martin plays a major role in the industry.

The market is expected to continue remain flat throughout the study period, as the possibility of another war in the Middle East is highly unlikely. India is expected to grow its shoulder fired anti-tank market from $172.80 million in 2014 to $302.80 million in 2020 at an estimated CAGR of 10%. The Indian market will be driven by India´s military modernization program to two threats: China and Pakistan. The military modernization program gives priority to procurement of shoulder fired anti tank missile (ATM) such as Javelin ATM and this emphasizes the growth potential of the market. New growth regions like Brazil, China etc. are expected to increase growth in this particular market.

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Author:
Mike King
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