Global Cruise Missile market will reach 2145.3 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/7/25

The global cruise missile market is expected to rise in the coming years as political tensions remain rife between many countries. In addition to the volatile political picture, the rising defense budgets is also expected to bode well for the overall market. The unfortunate rise in the number of conflicts is projected to raise the orders for the development of cruise missiles. Growing terrorism and border security issues have also contributed to the market’s growth in recent years. Efforts by governments across the globe to add value to their arsenals has had a positive impact on the global cruise missile market.

Increasing investments in research and development to make cruise missiles more sophisticated are also driving the market. Several research facilities are trying to incorporate artificial intelligence in cruise missiles to ensure accuracy while hitting the target. The next-generation cruise missiles are expected to adapt to combat situations.

In terms of region, the global cruise missile market is segmented into North America, Asia Pacific, Europe, Central and South America, and the Middle East and Africa. Out of these regional segments, Asia Pacific is expected to lead the way. Growing investments in defense facilities across India are expected to boost this regional market during the forecast period.

According to the research report, the global cruise missile market is expected to be worth US$2145.3 mn by the end of 2025 from US$1302.2 mn in 2018. During the forecast years of 2019 and 2025, the global cruise missile market is expected to register a steady CAGR of 7.2%.

Click to view the full report: https://www.qyresearch.com/index/detail/1222813/global-cruise-missile-industry-research-report-growth-trends-and-competitive-analysis-2019-2025

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