Reportlinker: Global Missile, Missile Defense Systems Market to Hit $36B by 2025

MissileDefenseA new Reportlinker report predicts the global missile and missile defense systems market will reach $36.0 billion by 2025 from $23.7 billion in 2015.

The report analyzes the factors that drive the demand for missile and missile defense systems tools, market trends and challenges faced by industry and also presents a market forecast for the next decade, Reportlinker said Wednesday.

Reportlinker noted that the increasing threat of weapons of mass destruction drives the demand for missiles and missile defense systems.

The Asia Pacific region will represent 39 percent of the global missile and missile defense systems market, followed by North America and Europe, according to the report.

Reportlinker said the air defense systems segment will account for 40 percent of the market and the surface-to-air missiles 17 percent.

Other missile defense systems include surface-to-surface, air-to-surface, air-to-air, anti-tank and anti-ship missiles.

You may also be interested in...

Microsoft

Microsoft Launches Virtual Desktop for Azure Gov’t Customers

Microsoft has made desktop virtualization service generally available to customers of the Azure Government cloud platform in an effort to help agencies manage remote workload. The Azure Gov Team wrote in a blog post published Wednesday the Windows Virtual Desktop supports a zero-trust approach for securing remote workforce, devices, data and applications.

Matthew Bromberg

Pratt & Whitney to Study F-35 Propulsion Tech Upgrade Options; Matthew Bromberg Quoted

Raytheon Technologies' Pratt & Whitney business has received a $1.5M contract from the Department of Defense's F-35 Joint Program Office to explore propulsion system development requirements for the fighter aircraft's next configuration.

Enrique Oti CTO Second Front Systems

Air Force Vet Enrique Oti Joins Second Front Systems as CTO

Retired U.S. Air Force Col. Enrique Oti has been named chief technology officer of San Francisco-based software developer Second Front Systems.