The global space and military transportation manufacturing market totaled $407.3 billion in 2017 and is estimated to reach $594.1 billion by 2022, growing at a compound annual growth rate (CAGR) of 7.8% during 2017-2022

LONDON, March 5, 2018 /PRNewswire/ -- The global space and military transportation manufacturing market totaled $407.3 billion in 2017 and is estimated to reach $594.1 billion by 2022, growing at a compound annual growth rate (CAGR) of 7.8% during 2017-2022.



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• Asia-Pacific space and military transportation manufacturing market totaled $142.9 billion in 2017 and is estimated to reach $221.1 billion by 2022, growing at a CAGR of 9.1% during 2017-2022.
• North American space and military transportation manufacturing market totaled $87.3 billion in 2017 and is estimated to reach $135.3 billion by 2022, growing at a CAGR of 9.2% during 2017-2022.

Chapter 1: Introduction
BCC Research's goal in performing this study was to determine the global market and future demand growth for space and military transportation over the five-year period from 2017 through 2022. Of particular focus was characterizing and quantifying the potential of the market for space and military transportation by geography, and product (i.e., guided missile and space vehicle, and military armored vehicle and tank).

The report also evaluates the market across each geography. Opportunities in each type of geography have been discussed.

Factors that affect the market such as drivers, restraints, and trends have been discussed. The key objective was to present a comprehensive discussion of where the state-of-the-art is in space and military transportation manufacturing market and forecast the future commercial potential for the key market segments.

This discussion provides a basis for companies to make strategic choices about developing new products and markets or deciding which applications are needed in their organizations. The study will benefit space and military transportation manufacturers, providers of raw materials, users of space and military transportation, governments around the world and others.

Study Goals and Objectives
• To sum up the global space and military transportation manufacturing market size.
• To estimate the growth rate of the global space and military transportation manufacturing market.
• To segment the market in the deepest possible way.
• To provide market numbers and growth rates at geographically.
• To identify major drivers and restraints.
• To identify key trends and technology updates in the field.

Reasons for Doing This Study
Government investments, public private investments, economic growth, technological advancements, growth of earth observation and rising military tension has led to an increase in the demand for space and military transportation manufacturing market globally. Global industry leaders and large organizations see an expanded role for guided missile and space vehicle development, and military armored vehicle and tank manufacturing in the space and military transportation manufacturing market.

The global space and military transportation manufacturing market is growing due to increased demand for enhanced military and defense armies, aerospace technologies and acquiring global recognition from governments and military and aerospace companies. These factors along with technological advances in defense and aerospace industries are expected to drive the space and military transportation manufacturing market.

The market for space and military transportation is marginally consolidated with a few large players, dominating the market. Major players in the market include Lockheed Martin, Boeing, BAE Systems, Raytheon Company and others.

Scope of Report
This research report categorizes the space and military transportation market by type. Product type include guided missile and space vehicle, and military armored vehicle manufacturing.

Information Sources
• Public information via annual reports to shareholders as well as other government reports that are available for public review.
• Company marketing information, advertising, company press releases, state and local news sources, and subscription-based information.
• Online research including third-party references.
• Trade associations, directories and publications.
• Telephone interviews with both current customers and prospects.
• Various private industry sources.

Methodology
Research methodology followed in this report is a top-down approach. Various sources were used to arrive at the total market figure, which was broken down into various applications and sub markets based on primary and secondary data.

Both a quantitative and qualitative approaches were used to derive the market size and growth rates. Many secondary sources were reviewed and extensive primary research was conducted with key opinion leaders, marketing managers, product managers and end users.

Market numbers have been calculated in constant U.S. dollars.

Geographic Breakdown

In this report, the geographic regions considered for market analysis include, and only include:
• Asia Pacific
• North America
• South America
• Western Europe
• Eastern Europe
• Middle East
• Africa

Space and Military Transportation Manufacturing Market, by Segment
Guided Missile And Space Vehicle
Military Armored Vehicle And Tank

Space and Military Transportation Manufacturing, by Region
Asia Pacific
North America
Western Europe
South America
Eastern Europe
Middle East Africa

Chapter 2: Summary and Highlights
Global space and military transportation manufacturing market is registering strong growth due to increasing economic growth, investments and rising military tension in developing countries and rising investments in technological advancements in developed economies. At the same time, emerging market growth, low interest rate environment, rapid urbanization, rising population, improving technology, growth in manufacturing industry and growth in renewable energy generation is driving the demand for space and military transportation products.

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