Published on : Nov 07, 2016
ALBANY, NY, Nov 07, 2016: The report, titled “Global Cluster Munitions Market 2016-2020,” estimates that this market will rise moderately at a CAGR of 2.08% during the forecast period of 2016–2020. A cluster munition is a form of ground-launched or air-dropped explosive weapon that releases smaller submunitions. These cluster bombs deploy explosive projectiles that are designed to destroy vehicles, scatter landmines, disperse chemical or biological weapons, and kill living organisms. The report observes that one of the prominent factor restraining the global market for cluster munitions is that these cluster bombs comprise many small munitions which poses risks to civilians both during attacks and after attacks. Unexploded bomblets remain active and can kill civilians and unintended targets long after the seize fire. As a result, convention on cluster munitions (CCM), an international treaty that prohibits the use of cluster bombs, was enforced earlier in the decade and is now accepted by 108 countries as of April 2016.
According to the report, some of the other prominent challenges in the global market for cluster munitions include issues associated with destruction of stockpiles and thermal management of cluster missiles. Conversely, the report also explains some of the market drivers such as cost-effectiveness of cluster munitions, development if sensor-based munitions and increasing deployment of cluster munitions in extremist-dominated regions. Moreover, report also highlights a few emerging trends in the global market for cluster munitions. For example, growing prominence of arctic warfare police (AWP) and evolution of limited explosive munitions. Each of these drivers and trends are discussed in detail and their impacts have been contemplated.
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Some of the key features of this report include porter’s five forces analysis and essential exhibits such as advantages of cluster munitions over other bombs and ICBMs, number of cluster munitions attack in Syria during the period of July 2012 to July 2016, global regions with the highest number of unexploded cluster bombs, and top five countries with the most number of mines deployed on their territory in 2015.
To present a thorough study, this report segments the global market for cluster munitions in terms of type and geography. By type, the market has been divided into anti-tank cluster munitions and anti-personnel cluster munitions. By geography, the market has been divided into Americas, EMEA, and APAC.
The leading companies operating in the global cluster munitions market that are profiled in this report are Textron Systems, IMI Systems, NORINCO, Orbital ATK, L-3 Fuzing and Ordnance Systems, Lockheed Martin, Aeroteh, and China Aerospace Science and Technology Corporation. The research report profiles each of these companies on the basis of attributes such as product offerings and categories.
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