Nuclear Missiles and Bombs Market – Growth, Trends, and Forecasts (2020 – 2025)
The Nuclear Missiles and Bombs Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The nuclear missiles and bombs market is expected to register a CAGR of over 2% during the forecast period.
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Top Leading Companies of Nuclear Missiles and Bombs Market are MBDA, Raytheon Technologies Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, The BoeingÊCompany, Rafael Advanced Defense Systems Ltd, Tactical Missiles Corporation, BAE Systems PLC, Safran SA, Aerojet Rocketdyne and others.
Key Market Trends:
Growing Defense Budgets are Driving the Market
Military powerhouses, such as the United States, the United Kingdom, China, and India, are focused on augmenting their military firepower and defensive capabilities, in the wake of the growing threats from other nations. The uncertainties in territorial rights and the nations� growing quest for global dominance are among the major causes disturbing the geopolitical climates. The most common reaction of governments to counter the treats is to increase military spending, in order to improve the security situation in their respective countries. According to SIPRI, the global military expenditure reached USD 1917 billion in 2019, an increase of 3.6% from 2018, which is the largest annual growth in spending since 2010. United States, China, India, Russia, and Saudi Arabia were the five largest spenders in 2019. The growth in defense budgets will support the nations to enhance their combat capabilities and help them execute their defense strategies as planned. As nuclear weapons play a major role in the defense strategies of all global nuclear powerhouses, a certain amount is being allocated in the defense budgets for the development of nuclear weapons or the missiles that are capable of delivering nuclear warheads. Thus, the growth in defense budgets will help the growth of the market during the forecast period.
Nuclear Missiles Segment Held the Largest Market Share in 2019
By type, the nuclear missiles segment accounted for the largest market share in 2019. The main reason for the higher share of the segment is the advantages offered, as compared to gravity bombs. Nuclear missiles have a wide range of operation, ranging up to thousands of miles, which is not the case with the gravity bombs. Also, nuclear missiles can be operated remotely, so that the person launching the weapon will not have any physical or radiational effect following the blast. This may not be the case with gravity dropped bombs, in which the pilot will be in near vicinity to the bomb. If the gravity bombs are dropped by means of a UAV, it must be survivable enough to penetrate modern air-defenses and drop nuclear gravity bombs on the enemy territory, which is something only a few aircraft are currently capable.
Regional Outlook of Nuclear Missiles and Bombs Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Nuclear Missiles and Bombs Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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