The Global Missiles and Missile Defense Systems Market 2017-2027 Mach 2017 | Page 2

The Global Missiles and Missile Defense Systems Market 2017-2027 Global Missiles and Missile Defense Systems (MMDS) market, valued at US$33.1 billion in 2017, is projected grow at a CAGR of 2.18%, to value US$41.0 billion by 2027. The cumulative market for global expenditure on Missiles and Missile Defense Systems is valued at US$384.4 billion over the forecast period. Demand for missiles is anticipated to be driven by the ever increasing threat of radical institutions (both state and non-state) with access to weapons of mass destruction which is exemplified by the conduct of rogue states like North Korea and Iran. The Asia Pacific region is the largest spender in the domain with China, India, and South Korea anticipated accounting for the bulk of spending. The Asia Pacific is expected to account for the largest share of the total global expenditure on missiles and missile defense systems, with a 53.1% share in the forecast period. High demand in the region is primarily driven by the expenditure on the sector by China, India, and South Korea. India and China are followed in terms of investment by South Korea which has been majorly spending on air and missile defense systems in light of North Korea’s aggressive stance on developing nuclear weapons. North America accounts for the second largest market share in the global missile & missile defense systems domain and is expected to be the lead technology propagator in the market, with expenditure projected to increase from US$8.4 billion in 2017 to US$8.8 billion in 2027. During 2017- 2027, the region is expected to cumulatively spend US$84.0 billion on the missile & missile defense systems sector. Read The Global Military Fixed-Wing Aircraft Market 2017-2027 Report Available @ http://www.reportsnreports.com/reports/940932-the-global-missiles-and-missile-defense- systems-market-2017-2027.html Order this report by calling [phone] or Send an email to [email protected] with your contact details and questions if any. © ReportsnReports.com / Contact [email protected] 2