The global Missiles and Missile Defense Systems market is expected to increase at a CAGR of 2.41% during the forecast period, to reach US$19.8 billion by 2021.

The global Missiles and Missile Defense Systems market is estimated to value US$15.2 billion in 2011. The value of the market is expected to increase at a CAGR of 2.41% during the forecast period, to reach US$19.8 billion by 2021. The market consists of seven categories of missiles: surface-to-surface missiles (SSMs), surface-to-air missiles (SAMs), air-to-surface missiles (ASMs), air-to-air missiles (AAMs), anti-ship missiles, anti-tank missiles and missile defense systems.
"The Global Missiles and Missile Defense Systems Market 2011–2021 - Market Size and Drivers" allows you to:
• Gain insight into the Missiles & Missile Defense Systems market with current and forecast market values.
• Understand the key drivers and attractiveness parameters of the global Missiles & Missile Defense Systems market.
• Understand the various factors impacting the growth of the Missiles & Missile Defense Systems market.
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The Netherlands defense budget allocation of US$10.1 billion in 2013

The Netherlands is one of the top 20 defense markets across the world, with a defense budget allocation of US$10.1 billion in 2013. Primarily driven by military modernization programs, and coast guard and internal security the country’s defense expenditure is expected to register a CAGR of -0.31% during the period 2014-18. This decrease in spending is expected to be primarily due to the European debt crisis, which will force the Netherlands to cut its defense budget over the forecast period. The country’s defense imports and exports recovered in 2012 and are expected to grow over the forecast period, as the country is expected focus on acquiring equipment for maritime security, C2/C4ISR, and homeland security infrastructure.Defense expenditure in the Netherlands is primarily driven by military modernization, joint operations with the police force for the internal security of the country. Military Modernization: Participation of the country’s armed forces in peacekeeping initiatives affected the functionality of its defense equipment, especially the condition of the equipment deployed in Afghanistan, such as F-16s, armored vehicles, and helicopters. This has necessitated the need for upgrade or replacement. The MOD has already outlined plans to upgrade its helicopter and armored vehicles fleets, and F-16 fighter aircraft. The maritime forces are also being equipped with minesweeping capabilities, while frigates are being upgraded with radar systems.
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Malaysian defense expenditure increased at a CAGR of 6.37% during the review period and valued US$4.96 billion

Malaysian defense expenditure increased at a CAGR of 6.37% during the review period and valued US$4.96 billion in 2013. The focus of the Malaysian government will be on the modernization of its armed forces, participation in peacekeeping operations, and counter terrorism activities.The Malaysian government fulfills most of its defense needs by importing military equipment from the foreign countries such as Russia, Germany, France, and Spain. The overall exports of the country during the period 2008-2012 were negligible, resulting in poor inflow of foreign investment. During the forecast period, the defense exports of the country are expected to remain low as a result of less joint development and collaboration programs, which is expected to remain the key challenge for the Malaysian defense industry during the forecast period.
The Malaysian defense budget, which is estimated at US$4.9 billion for 2013, is lower than the majority of Malaysia's neighbors, with the Philippines being one of the few countries with a lower defense budget, and this relatively small defense budget frequently deters investors from venturing into the country. Moreover, the Malaysian government has made offsets mandatory for all defense procurements exceeding US$13 million, and in an attempt to encourage domestic defense development, the Malaysian government awards additional significance to direct offsets; however, due to the lack of sufficient investment and a shortage of skilled Malaysian labor, foreign OEMs are unable to transfer sophisticated technology to domestic defense companies. The combination of the factors outlined above reduces the attractiveness of the Malaysian defense industry for foreign OEMs.
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Weapons and Ammunition in United Kingdom

Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Weapons and Ammunition market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, packaging innovations, economic/lifestyle influences, distribution or pricing issues. Forecasts illustrate how the market is set to change.
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Saudi Arabian Defense Industry is expected to grow at a CAGR of 7.92% to reach US$77.3 billion

Saudi Arabia is estimated to have the fourth largest defense budget in the world, behind the US, China, and Russia. Valued at US$52.9 billion in 2013, the country’s defense expenditure is at the seventh position among the top 10 military spenders and is expected to grow at a CAGR of 7.92% to reach US$77.3 billion by 2018. Saudi Arabia’s military expenditure as a percentage of GDP will from its current 7.3% to 9.1% by 2018 due to slowing economic growth over the forecast period. An underdeveloped domestic defense industry coupled with the country’s high spending power presents ample opportunities for foreign OEMs to enter the market through an alliance route.

What are the key drivers behind recent market changes?
A strained relationship with Iran, high spending power, and the need to develop a skilled military force to be key factors driving defense expenditure. The Saudi Arabian government’s hopes of strengthening its defense infrastructure in order to emerge as the most powerful nation in the Middle East have been supported by many years of high oil prices and strong economic growth. The rivalry between Saudi Arabia and Iran in the Middle East is a regional power struggle for influence, in which both sides have aimed at steering the course of events, shaping developments, and influencing decisions in the region according to their political preferences and interests. The fact that the Saudi’s average defense expenditure as a percentage of GDP during the review period measured a significant 7.9% implies it has the purchasing power to procure state of the art defense equipment. In fact the country registered a figure of 7.3% with regards to its defense expenditure as a percentage of GDP, which was the highest among the world’s largest military spenders for 2012.
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The German MoD announced its plans to cut its defense budget by 2016

The German MoD announced its plans to cut its defense budget by 2016 and is expected to reduce its expenditure on military aircraft and other arms contracts over the next five years. The budget cuts will result in reductions in the procurement of helicopters, heavy lift military transport aircraft, tanks, and jet fighters. The Bundeswehr is planning not to buy the last tranche of 37 Eurofighter aircraft and Germany is expected reduce its orders of Puma tanks by 120, 40 NH-90 naval helicopters, and also 40 Tiger multi-role attack helicopters. In addition, the MoD has announced plans to substantially reduce the size of its troop force by temporarily suspending its national conscription program, in order to make further cuts. The country expects to save US$1.31 billion during this period as a result of the reduction in armed forces and civilian support staff.
Over the forecast period the German MoD is expected to focus on the suspension of national conscription and restrict defense procurements to core military hardware only. Furthermore, Germany’s intention to align its defense capabilities with those of the EU, coupled with the decommissioning of its existing defense systems, including 15 Trans all cargo aircraft, 100 Tornado jet fighters, and a significant number of frigates from its navy, may also pose challenges to defense suppliers.

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