Forecast International, NEWTOWN, Conn.: The fight for market share between MBDA and Raytheon extends across the tactical missile market. According to Larry Dickerson, Senior Missile Analyst for Forecast International, “MBDA and Raytheon are the world’s largest tactical missile manufacturers, controlling close to 40 percent of the surface-to-air missile market, but exporting far more systems than any of their competitors.”
According to Forecast International’s “The Market for Surface-to-Air Missiles,” more than 78,000 missiles will be produced between 2007 and 2016. The total value of the surface-to-air missile (SAM) market will be $21.2 billion over this timeframe.
“Of special interest to customers is a system’s ability to intercept cruise or ballistic missiles,” said Dickerson. “The fighting between Hezbollah and Israel in the summer of 2006 illustrated the vulnerability of large urban centers to short- and medium-range rockets. Israel’s missile defenses were geared toward meeting the threat from longer range missiles, such as Syrian Scuds. The war has Israel and other countries moving toward establishing tighter missile defenses.”
Demand for missile defenses offers Lockheed Martin an opportunity to increase its share of the SAM market. “Lockheed Martin foresees a strong market for its Patriot Advanced Capability – 3 (PAC-3) interceptor,” notes Dickerson. The PAC-3 was developed for use with Raytheon’s Patriot air defense system. “In addition to the United States, Japan and the Netherlands have purchased the PAC-3, and Germany, Greece, Israel, Saudi Arabia, Spain and Taiwan have expressed interest in the system.”
Russia, too, stands to win more contracts for air defense missiles, with sales expected to generate $1.5 billion through 2016. However, Russia remains largely a supplier of second choice for many countries.
Forecast International, Inc., is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, Forecast International specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide.
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