This report provides readers with a comprehensive analysis of the Missiles & Missile Defense Systems market through 20112021, including highlights of the demand drivers and growth stimulators for Missiles & Missile Defense Systems. It also provides an insight on the spending pattern and modernization pattern in different regions around the world.

The global Missiles and Missile Defense Systems market is estimated to value US$15.2 billion in 2011. The value of the market is expected to increase at a CAGR of 2.41% during the forecast period, to reach US$19.8 billion by 2021. The market consists of seven categories of missiles: surface-to-surface missiles (SSMs), surface-to-air missiles (SAMs), air-to-surface missiles (ASMs), air-to-air missiles (AAMs), anti-ship missiles, anti-tank missiles and missile defense systems.

• Gain insight into the Missiles & Missile Defense Systems market with current and forecast market values.
• Understand the key drivers and attractiveness parameters of the global Missiles & Missile Defense Systems market.
• Understand the various factors impacting the growth of the Missiles & Missile Defense Systems market.

2 Global Missile Market Size and Drivers
2.1 Missiles Market Size and Forecast 20112021
2.1.1 Global missiles and missile defense systems market to show positive growth
2.2 Global Missile Market Regional Analysis
2.2.1 North America dominates global missiles and missile defense systems market
2.2.2 Demand for missile defense systems in the US to spur the market
2.2.3 Demand in Europe expected to decline due to defense budget cuts
2.2.4 Asia-Pacific market expected to grow at a CAGR of 4.75%
2.2.5 Markets in Middle East to witness robust spending on missiles
2.2.6 Latin American market expected register a CAGR of 7.34% over the forecast period
2.2.7 Markets in Africa expected to decline over the forecast period
2.3 Missiles Sub-Sector Market Size Composition
2.3.1 Surface-to-air missiles to record strong growth
2.3.2 Surface-to-air missiles market expected to grow at a CAGR of 6.26% during the forecast period
2.3.3 Anti-ship missiles market size expected to grow at a CAGR of 4.41% during forecast period
2.3.4 Market for anti-tank missiles expected to increase and reach US$683 million by 2021
2.3.5 Missile defense systems market expected to grow at a CAGR of 2.3% during the forecast period
2.3.6 Air-to-surface missiles market expected to remain constant during the forecast period
2.3.7 Market for air-to-air missiles expected to increase and reach US$2.2 billion by 2021
2.3.8 Surface-to-surface missile market to grow at a CAGR of 4.2%
2.4 Demand Drivers and Growth Stimulators
2.4.1 Threat posed by North Korea and Iran propel demand for missiles and missile defense systems
2.4.2 Modernization initiatives to spur demand for missiles and missile defense systems
2.4.3 Need for increased strike range to drive demand for intercontinental missiles
2.5 Defense Budget Spending Review
2.5.1 European capital expenditure expected to increase during the forecast period
2.5.2 Asian defense budgets expected to increase at a robust pace
2.5.3 North American defense expenditure projected to decline marginally during the forecast period
2.5.4 Modernization programs likely to drive defense expenditure in South American countries
2.5.5 Military budgets of African countries expected to increase during the forecast period
2.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period
2.6 Defense Modernization Review
2.6.1 Financial constraints causing delays in European defense modernization programs
2.6.2 Defense budgets of Asian countries likely to be driven by competitive arms acquisitions
2.6.3 Global economic slowdown leading to defense budget cuts in the North American region
2.6.4 Need to replace aging equipment driving South American defense expenditure
2.6.5 Security threats increasing the defense budget of African countries
2.6.6 Demand for air defense systems is likely to increase in the Middle East

3 Appendix
3.1 Methodology
3.2 Contact Us
3.3 About ICD Research
3.4 Disclaimer