SOURCE: MarketResearch.com

MarketResearch.com

September 11, 2012 04:02 ET

Long Range Strike Missile Market Worth $13.3 Billion Over Next 10 Years

ROCKVILLE, MD--(Marketwire - Sep 11, 2012) - MarketResearch.com has announced the addition of Missile: The Market for Strike Missiles," to their collection of Weapons market reports. For more information, visit http://www.marketresearch.com/Forecast-International-v3585/Missile-Strike-Missiles-7100539/

The long-range strike missile market overall is worth $13.3 billion over the next 10 years and will involve the production of more than 43,000 missiles. Within this market are missiles capable of striking a wide variety of targets, including air defense systems.

Anti-radiation missiles remain an under-recognized weapon in this market. These weapons were among the first used during operations in Iraq and Libya. Demand for ARMs has always been restricted, and they are produced in far fewer numbers than other types of missiles. Nevertheless, money is being invested to create new ARMs to deal with air defense systems that are more capable than ever. Through 2021, companies will build nearly 8,000 missiles and generate $1.3 billion.

Also, this market contains a growing number of lightweight missiles, initially developed for use from unmanned aircraft. The United States, China, Israel, and France have active production lines with South Africa, Taiwan, and others likely to follow suit. Although production will exceed 16,000 missiles, the value created is just $821 million.

Since the end of the Cold War, the strike and anti-ship missile markets have been experiencing an evolution. Advances in technology now allow a single weapon to perform both anti-shipping and strike missions, blurring the market for these types of missiles. In a few years, the anti-ship and anti-radiation missile markets could become submerged in a larger strike weapons market. This might also be the case with lightweight missiles and some part of the guided rocket market.

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