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Air-to-Ground Missile Market is Booming

By John Hernandez; Senior Industry Analyst; Frost & Sullivan

Issue 77

The war on terror in the Middle East has been good for the air-to-ground missile (AGM) market. Spending on AGM systems during 2016 reached an estimated $3 billion and is projected to reach $3.2 billion by the end of 2017.

The US has been carrying out bombing operations against ISIS since 2014, consuming munitions quicker that they can be replenished. AGM systems require a production lead that can in some cases take years before the actual missiles start coming off production lines, and therefore, orders through FMS channels have been pouring in. Saudi Arabia is an especially keen client because they have spent Billions on bombs and missiles for their operations in Yemen and Iraq against ISIS.