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Major Roll of the Shoulder Fired Anti-Tank market
The report estimates the current Global Shoulder Anti-Tank, Anti-Aircraft and RPG Market at $3.2 billion. Self- Reliant, Man Preferred Guided system would be the driving factors for this market. Countries are not dependent on foreign technology, but have started with indigenous production. North America (NA), Asia, and Europe are the major regions constituting around 88% of the missile market and are expected to produce around $1.9 million weapons by the end of 2020.
Major players of the anti-tank market from the U.S. , Europe, Asia-Pacific and Latin America are expected to grow at a faster rate. Due to economic downturn, major countries such as the U.S. and the U.K. are witnessing economic difficulties.
Brazil, India, South Korea, China, and Japan are the new regions that are emerging due to their defense spending and their current national security situation. However, it is estimated that the CAGR is expected to be 6.03% by the end of 2020.
The Global Shoulder Fired Anti-Tank, Anti-Aircraft and RPG market is expected to reach $5.3 billion by 2020.
Shoulder Fired Anti-Tank, Anti-Aircraft Short Range Missiles and RPG Market – Global Forecasts and Analysis to 2014 - 2020
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