Research and Markets: Missile Defense Systems Market to Grow 5% Through 2024

Research and Markets has released a new report that predicts the global missile defense systems market could grow to $38.5 billion in value through 2024, up 4.93 percent from 2014.

The report analyzes market size over the next decade, global industry values, market demand and industry challenges, Research and Markets said Wednesday.

Research and Markets projects the market for missile defense systems during the forecast period to have a cumulative value of $347.6 billion.

The market research firm also expects missile defense systems to represent the largest portion of spending in the global missiles and missile defense systems market.

Research and Markets estimates that 35 percent of the market share during the forecast period will go to the Asia-Pacific region.