Artificial Intelligence
During the forecast period, North America is projected to dominate the market by growing with the highest CAGR. The region also accounted for the highest market share in terms of geography in 2019
New York, May 07, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Cruise Missile Market – Growth, Trends, and Forecasts (2020 – 2025)” – https://www.reportlinker.com/p05891610/?utm_source=GNW
Following the theory of deterrence and mutually assured destruction, countries are procuring and developing more lethal cruise missiles having high speeds and ranges. From a strategic perspective, the possession of such lethal missiles will help the countries in keeping their potential adversaries at bay.
– The market is expected to grow primarily due to the emphasis on the cruise missile procurement and development activities undertaken by militaries to gain a strategic upper hand.
– However, this growth is subjective to several associative factors, such as allocation of funds for procurement of cruise missile systems and may be adversely affected due to budget constraints and various factors that may eventually lead to the program delays and cancellations.Clare: clare@reportlinker.com
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