Rockets and missiles are fired by militaries to engage moving as well as stationary targets in air, land, and sea. Rockets are smaller in size as compared to missiles and are mainly used for land warfare operations. Missiles are versatile weapons and can engage targets at thousands of kilometers away, with high accuracy and can travel at hypersonic speed.
The Remote Sensing Services vendors are placed into 4 categories based on their performance and reviews in each criterion: “visionary leaders,” “innovators,” “dynamic differentiators,” and “emerging companies".
The companies that fall under this category generally receive high scores for most of the evaluation criteria. They have a well-established product portfolio and a very strong market presence. They offer mature and reputable products and services and have strong business strategies.
Innovators are the vendors that have demonstrated substantial product innovations as compared to their competitors. They have an extensive product portfolio. However, they do not have very strong growth strategies for their overall business.
Dynamic differentiators are the established vendors of radar simulators with strong business strategies. However, they have weaker product portfolios as compared to their competitors. They generally focus on a specific type of technology related to a particular product.
Vendors with niche product offerings, who have started to gain their foothold in the radar simulator market, fall under this category. They do not have strong business strategies as compared to other established vendors. They might be new entrants in the market and require some time before gaining significant traction in the market. North America is estimated to account for the largest share of the rocket and missile market. This large share can be attributed to the need to counter rising terrorist activities, geopolitical conflicts, and the various military equipment modernization programs, which enable major defense manufacturers of the region to develop more techno-efficient rockets and missiles. The U.S. is estimated to account for majority of the North American rocket and missile market. The U.S. is also expected to drive the growth of the North American rocket and missile market, owing to the increased conflicts with North Korea, Syria, and Afghanistan. The U.S. missile strike on Syria, which is supported by Canada, has worsened its relationship with Syria. The Russian presence in Syria, on the other hand, not only creates a challenge for the U.S.’ policy on Syria but also affects the U.S.-Russia relationship. In Asia, North Korea’s ballistic missile test has presented an increasing threat to the U.S. Europe is estimated to account for third largest share of the rocket and missile market. The major factors expected to drive the growth of the European rocket and missile market include the huge military expenditure of European countries, such as Russia, France, the U.K., and Germany, and the presence of a large number of rocket and missile manufacturers in the region. Numerous contracts have been awarded to European manufacturers of rockets and missiles in the recent years. The Asia-Pacific region is estimated to accounts for third largest share of the global rocket and missile market. China is estimated to account for the largest share of the Asia-Pacific rocket and missile market. The defense spending of China and India has been increasing in recent years. China ranked second, India ranked fifth in defense expenditure, globally. The increased defense spending by emerging countries of the Asia-Pacific region is one of the major factors expected to drive the growth of the Asia- Pacific rocket and missile market. The increasing demand for military equipment from emerging nations and rising terrorist activities in South Asia are some of the factors fueling the demand for rockets and missiles in the region.
Breadth and Depth of Product Offerings
Products offered in Missiles and Rockets?
Types of rockets manufacture by companyArtillery | Air-Launched |
Types of missiles manufacture by companyCruise Missiles | Ballistic Missiles |
Product Features and Functionality
Type of propulsion used in the rockets/missiles manufactured by companySolid | Liquid | Hybrid | Ramjet | Scramjet | Turbojet | Others |
Operational range of rocket/missiles manufactured by companyLess than 1000 kilometers (Short Range) | 1000-3000 kilometers (Medium Range) | 3000-5500 kilometers (Intermediate Range) | More than 5500 kilometers (Intercontinental) |
Caliber (diameter) of rockets/missiles manufactured by company68 mm | 70 mm | 80 mm | 122 mm | 160 mm | 227 mm | Others, please specify | 127 mm |
Number of countries using rockets/missiles manufactured by company
Product Launch Mode
Types of missiles/rockets, based on launch mode, manufacture by company ?Surface-to-surface missile | Surface-to-air missile | Air-to-air missile | Air-to-surface missile | Subsea-to-surface missile |
Distributors located in following regionDistributors located North America | Distributors located Europe | Distributors located Asia-Pacific | Distributors located Middle East and Africa | Distributors located Latin America |
Sales offices locatedLocated in North America | Located in Europe | Located in Asia-Pacific | Located in Middle East and Africa | Located in Latin America |
In which of these regions does a company have production plants /development centers/research centers ?Based in North America | Based in Europe | Based in Asia-Pacific | Based in Middle East and Africa | Based in Latin America |
Breadth of Applications Served
Industry verticals cater by company ?Air Defense Systems | Land Systems | Maritime Systems | Electronic Warfare | Others, specify |
Channel Strategy and Fit
Which of the following constitutes your partner ecosystem?Distributors | OEMs | Other, ecosystem |
Revenue for FY2016
Revenue growth rate from FY2016 to FY2017
Revenue generated from missiles and rockets for FY2016
FY 2016 revenue generated from the following regions ?FY2016 revenue from North America | FY2016 revenue from Europe | FY2016 revenue from Asia-Pacific | FY2016 revenue from Middle East and Africa | FY2016 revenue from Latin America |
Effectiveness of Organic Growth Strategy
R & D expenditure (%) in FY2016
Mergers and Acquisitions Strategy
Joint ventures, partnerships, MoU, co-operation, agreements and successful tests related to missiles and rockets
Contracts undertaken related to missiles and rockets