Technavio Announces Top Five Vendors in the Global Intercontinental Ballistic Missile Market from 2016 to 2020
By Business Wire News
By Business Wire News
Technavio has announced the top five leading vendors in their recentglobal intercontinental ballistic missile (ICBM) marketreport. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the report, the global ICBM market is highly competitive with vendors competing on basis of cost, product quality, reliability, and aftermarket service. Therefore, it is crucial for vendors to provide cost-effective and high-quality ICBMs with latest technology and materials to survive and succeed such an intensely competitive environment. General Dynamics and Lockheed Martin are the two leading vendors in the market. Their focus is primarily on the implementation of lightweight materials, more of electric technologies, and robust systems.
Mergers and acquisitions, along with increased collaboration with alliance partners around the world would drive the global ICBM market during the forecast period. In 2015, Orbital Sciences merged their operations with ATK Alliant Techsystems at USD 5 billion to provide support to the military assets globally. Such acquisitions and mergers would strengthen the position of the companies in the market and enable direct access to the local customers.
“Government organizations such as the DOD and MOD certify the ICBMs of every vendor. They encourage the development of such missile systems as they add a caliber to the ongoing military operations. As a result, the vendors invest in creating new, cost-efficient, and effective ICBMs for use by the armed forces, globally,” says Abhay Singh, a lead analyst at Technavio for defense sector.
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Top five global intercontinental ballistic missile market vendors
BAE Systems was founded in 1999 followed by a merger between the defense arm of General Electric, British Aerospace, and Marconi Electronic Systems. The company operates in 40 countries globally and is headquartered in London, UK.
The company engages in the development of advanced weapons systems that cater to future combat requirements. It has been engaged in the design and development of missile seeker technology for ballistic missile defense. It operates a manufacturing facility in Nashua, New Hampshire, UK where it develops and tests ballistic missile seekers.
Boeing was incorporated in 1934 and in headquartered in Chicago, Illinois, US. The company, along with its subsidiaries, engages in the aerospace and defense businesses across the world.
Boeing has been working the design, development, and manufacture of ICBMs primarily for the US Army since 1958. Since then the company has been the prime integrator of Minuteman ICBM. It had also teamed up nine other US-based defense contractors for the Minuteman ICBM development program.
General Dynamics was incorporated in 1952 and is headquartered in Falls Church, Virginia, US. The company, along with its subsidiaries, engages in aerospace and defense businesses globally.
General Dynamics has been an integral part of the ICBM sustainment and modernization program of the US for over 50 years. It provides comprehensive life cycle support services to the US Air Force for strategic nuclear ballistic guidance and weapon control systems program.
The company offers design, development, production, and sustainment solutions for the ICBM strategic weapon systems. The company had designed the weapon control system for the Trident I and II, Polaris, and Poseidon submarine-launched ballistic missiles. It was also a part of the team that developed, tested, manufactured, and deployed the guidance systems of the aforementioned ICBMs.
Lockheed Martin was established in 1995 and is headquartered in Bethesda, Maryland, US. It engages in the production, supply, and R&D of advanced technology systems, products, and services to global defense and aerospace industries.
In 1955, the Lockheed Martin received a contract from the US Air Force for the manufacture and supply of Atlas ICBM. Since then the company has been supporting many ICBM program of the US Air Force, including Atlas, MX Peacekeeper, Titan, and small ICBMs, as well as provides the ground command and control systems for Minuteman III ICBMs. It has provided over 700 ICBMs and more than 3,000 re-entry vehicles to the US Air Force.
Northrop Grumman was established in 1939 and is headquartered in Falls Church, Virginia, US. It provides systems, products, and solutions focusing on aerospace, electronics, information systems, and technical services to the government and commercial customers across the globe.
Northrop Grumman has been an integral part of the US ICBM program since 1954. In 2012, the company secured a USD 108 million contract from the US Air Force for the development and integration of cryptography upgrades as a part of the ICBMs program of the US Air Force.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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