ReportsnReports – Cluster Munitions Market 2016 Global Analysis, Research and Forecast to 2020
ReportsnReports.com adds a new research report Global Cluster Munitions Market 2016-2020. The report, Global Cluster Munitions Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The analysts forecast global cluster munitions market to grow at a CAGR of 2.08% during the period 2016-2020.
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A cluster munition is an air-dropped or ground-launched explosive weapon that ejects smaller submunitions. Cluster bombs release explosive projectiles, which are designed to destroy vehicles, disperse chemical or biological weapons, scatter landmines, and kill personnel. These cluster bombs release many small munitions over a wide area, posing risks to civilians both during attacks and after attacks. Unexploded bomblets can kill civilians and unintended targets long after the conflict has ended as they remain difficult to locate and remove.
The report covers the present scenario and the growth prospects of the global cluster munitions market for 2016-2020. To calculate the market size, The report considers revenue generated from the sales of cluster munitions across several industries.
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Key vendors
- Textron Systems
- IMI Systems
- L-3 Fuzing and Ordnance Systems
- Lockheed Martin
- NORINCO
- Orbital ATK
Other prominent vendors
- Aeroteh
- China Aerospace Science and Technology Corporation
Market driver
- Cost-effectiveness of cluster munitions
- For a full, detailed list, view our report
Market challenge
- Higher death rate of civilians
- For a full, detailed list, view our report
Market trend
- Growing prominence of AWP
- For a full, detailed list, view our report
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