Jay Clemens
A Technavio study, released by Research and Markets, forecasts the global market for tactical anti-tank missile systems will grow from 2016 through 2020 at a 3.98 percent compound annual growth rate.
The 71-page market research report indicates that new updates to anti-tank missiles will fuel the market growth over the forecast period while thermal management of missile systems will present challenges, Research and Markets said in August.
“Of late, there have been high investments in the procurement of missile systems by developed regions like the Americas and Europe,†the report noted.
“The increasing demand for high-speed supersonic missiles has resulted in the innovation of superior quality thermal protection system to protect the missile framework from strength deterioration and malfunctioning of electronic packages due to severe aerodynamic heating,†according to the report.
Market vendors featured in the report are:
- Denel Dynamics
- Israeli Military Industries
- Lockheed Martin
- MBDA
- Raytheon
- BAE Systems
- General Dynamics
- Northrop Grumman
- Rafael Advanced Defense Systems
- Saab
