Market Research Report
Anti-Ship Missile Defense System
|Published by||Global Industry Analysts, Inc.||Product code||957466|
|Published||Content info||176 Pages
Delivery time: 1-2 business days
|Anti-Ship Missile Defense System|
|Published: April 1, 2021||Content info: 176 Pages||
Global Anti-Ship Missile Defense System Market to Reach $15.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Anti-Ship Missile Defense System estimated at US$10.6 Billion in the year 2020, is projected to reach a revised size of US$15.1 Billion by 2027, growing at aCAGR of 5.2% over the period 2020-2027. Anti-Ship Missile Defense Radar System, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$11.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Anti-Ship Missile Interceptor System segment is readjusted to a revised 5.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 4.9% CAGR
The Anti-Ship Missile Defense System market in the U.S. is estimated at US$3.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
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