The "Nuclear Missiles and Bombs Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Nuclear Missiles and Bombs Market is expected to register a CAGR of over 2% during the forecast period.
The increasing military expenditure and the rising threats for various nations due to border security issues and the growing terrorism, along with the advancements in the hypersonic missile technologies are the major factors anticipated to drive the growth of the market.
However, the treaty on the prohibition of nuclear arms, which is intended to prohibit the use of nuclear weapons, may restrain the market growth during the forecast period.
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.
MBDA, Raytheon Technologies Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, and Thales Group are some of the prominent players in the market.
Players in the market are focusing on developing advanced missiles with higher speeds and lethality, which will help them gain new contracts with the militaries.
As such, the focus on developing hypersonic nuclear-capable missiles, that can penetrate advanced air defense systems has increased with the major defense contractors currently working towards developing such technologies. Partnerships among players will facilitate technology transfer, thereby helping the growth of the players during the forecast period.
Key Topics Covered:
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1.1 Nuclear Missiles
5.1.2 Gravity Bombs
5.2 Missile Range
5.2.1 &lessThan; 1000km
5.2.2 1000km - 5000km
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.2 Raytheon Technologies Corporation
6.2.3 Lockheed Martin Corporation
6.2.4 Northrop Grumman Corporation
6.2.5 Thales Group
6.2.6 The Boeing Company
6.2.7 Rafael Advanced Defense Systems Ltd
6.2.8 Tactical Missiles Corporation
6.2.9 BAE Systems PLC
6.2.10 Safran SA
6.2.11 Aerojet Rocketdyne
6.2.12 General Dynamics Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/tegnnv
View source version on businesswire.com: https://www.businesswire.com/news/home/20201124005806/en/
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