GLOBAL CRUISE MISSILE MARKET

INTRODUCTION

 A cruise missile is a guided, self-propelled missile that can maintain controlled flight and is intended for pinpoint precision strikes on particular targets. For both offensive and defensive objectives, these missiles are largely used in military applications. Because cruise missiles are directed the entire way, they can manoeuvre precisely and hit their targets on the money. 

Among the various types of guidance systems are GPS, inertial navigation, terrain-following radar, and occasionally even autonomous decision-making capability. Some cruise missiles have terrain-following radar systems that enable them to fly at very low altitudes while tracing the contours of the ground in order to avoid being detected by and intercepted by an enemy's radar.

GLOBAL CRUISE MISSILE MARKET SIZE AND FORECAST

The Global cruise missile market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

MARKET DYNAMICS

According to the South Korean military, North Korea extended its weapons testing in response to the summertime military exercises between the United States and South Korea by launching multiple cruise missiles into the ocean.

The launches' specifics were being examined by South Korean and American intelligence officials. It stated that South Korea has increased its monitoring posture and keeps a strong military preparedness in close collaboration with the United States.

 The launches occurred two days after the troops of the United States and South Korea finished an 11-day training exercise that North Korea views as a drill for an invasion. Officials in Washington and Seoul insist that their training exercises are defensive.In a launch it said was intended to mimic nuclear "scorched earth" attacks on South Korea, North Korea launched two short-range ballistic missiles into the ocean.

More than 100 weapons tests have been conducted by North Korea, many of which involved ballistic launches that are forbidden by resolutions of the UN Security Council. Although the testing of cruise missiles by North Korea is not forbidden, it nevertheless poses a threat to its adversaries because the missiles are made to fly at lower altitudes in order to avoid radar detection.

In the event of war, analysts claim that North Korean cruise missiles' primary objectives are to hit approaching American warships and aircraft carriers.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many cruise missiles are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global cruise missile and key vendor selection criteria
3. Where is the cruise missile manufactured? What is the average margin per unit?
4. Market share of Global cruise missile market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global cruise missile in-house
6. key predictions for next 5 years in Global cruise missile market
7. Average B-2-B cruise missile market price in all segments
8. Latest trends in cruise missile market, by every market segment
9. The market size (both volume and value) of the cruise missile market in 2023-2030 and every year in between?
10. Production breakup of cruise missile market, by suppliers and their OEM relationship