Global Naval Missiles and Missile Launch Systems Market (2021 to 2030) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com
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Tuesday, December 21, 2021
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The countries are rapidly expanding their arsenal of advanced cruise and ballistic missiles to equip their growing naval vessel fleet with enhanced attack capabilities.
Key Points:
- The countries are rapidly expanding their arsenal of advanced cruise and ballistic missiles to equip their growing naval vessel fleet with enhanced attack capabilities.
- Such procurement of new naval missiles for the naval forces is anticipated to drive the growth of the segment in the coming years.
- The CSC naval vessels are expected to be equipped with Naval Strike Missiles, Tomahawk Missiles, Evolved SeaSparrow Missile (ESSM), and Sea Ceptor air defense system.
- The fleet modernization plans of countries in North America and subsequent demand in missile systems is anticipated to accelerate the growth of the market.