The long-range strike missile market will be worth $13.3 billion over the next 10 years, according to a new report.
"Missile: The Market for Strike Missiles" is the latest research report released by Market Research. The company's analysts predict that the boom in weapon development will result in the production of approximately 43,000 missiles, including air defense systems.
Anti-radiation missiles have always been an "under-recognized weapon in this market", according to the firm. However, more money is being invested in ARM development, so the firm predicts that by 2012, companies will build nearly 8,000 missiles and generate $1.3 billion in revenue.
The U.S., China, Israel, and France all actively produce lightweight missiles, and it is expected that countries including Taiwan and the continent of Africa will follow suit during this ten-year period. The market value of lightweight missiles is expected to generate $821 million.
It's unsurprising that the market for long-range strike missiles is going to surge, as developments in all types of weaponry catch the eyes of governments worldwide. Controversial nuclear technology raised alarm bells in the U.S. when a critic suggested that the tech would be better suited for nuclear weapons than power, the 2-inch long SwissMiniGun C1ST is on the market, and gun enthusiasts design and print their own weapons. What's next?
Image credit: Lance Cpl. Stephen Stewart