Market Share of Asia-Pacific Cruise Missile Industry
The Asia Pacific cruise missile market is semi-consolidated in nature due to presence of few players holding significant shares in the market. Some of the prominent players in the market are the Defence Research and Development Organisation (DRDO), Israel Aerospace Industries Ltd., Mitsubishi Heavy Industries, China Aerospace Science and Industry Corporation, and Kongsberg Gruppen ASA, among others.
Countries in the region, like China, India, and South Korea, among others, have emphasized developing their own missiles indigenously, fueled by the interoperability issues of missile systems of certain countries with the missile defense systems of other countries. Countries in the region are collaborating with other nations to develop advanced cruise missile systems. For instance, DRDO of India and the NPOM of Russia developed BrahMos. It is one of the fastest supersonic cruise missile in the world. The system has been designed with two variants for Land-Attack and Anti-Ship roles. BRAHMOS weapon systems has been inducted and is operational with the Indian Navy (IN) as well as the Indian Army (IA).
Asia-Pacific Cruise Missile Market Leaders
Defence Research and Development Organisation
Mitsubishi Heavy Industries
Kongsberg Gruppen ASA
Israel Aerospace Industries Ltd.
China Aerospace Science and Industry Corporation
*Disclaimer: Major Players sorted in no particular order
