Global Air Defense System Market, By Type (Missile Defense System, Anti-aircraft System, Counter Rocket, Artillery, and Mortar (C-RAM) System), Component (Weapon System, Fire Control System, Command and Control System, Others), Range (Long Range Air Defense (LRAD) System, Medium Range Air Defense (MRAD) System, Short Range Air Defense (SHORAD) System), Platform (Airborne, Land, Naval), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Air Defense System Market
The air defense system market is expected to witness market growth at a rate of 5.80% in the forecast period of 2021 to 2028. Data Bridge Market Research report on air defense system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the defense sector globally is escalating the growth of air defense system market.
Air defense systems refer to the systems that are utilized for taking defensive measures to nullify incoming targets such as missiles, enemy’s aircraft and unmanned aerial vehicles. The air defense system tends to acts as an anti-weapon system for all the incoming air threats and used for numerous several operations, such as air space surveillance.
The changing nature of warfare across the globe acts as one of the major factors driving the growth of air defense system market. The increase in defense expenditure for the development of air and missiles defense systems, and in procurements of air defense systems along with escalating geo-political instability accelerate the market growth. The continuous technological innovation in air defense systems, and rise in the investments in the form of funds by government further influence the market growth. Additionally, surge in defensive expenditure, rise in safety regulations for aircraft, and expansion of air defense sector positively affect the air defense system market. Furthermore, development and deployment of air and missile defense systems in emerging economies extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, high cost associated with the development of air defense systems and regulatory hurdles related to the transfer of arms expected to obstruct the market growth. Highly complex design and need for periodic maintenance and issues related to the integration of air defense systems within existing defense systems are projected to challenge the air defense system market in the forecast period of 2021 to 2028.
This air defense system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on air defense system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Air Defense System Market Scope and Market Size
The air defense system market is segmented on the basis of type, component, range and platform. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the air defense system market is segmented into missile defense system, anti-aircraft system, counter rocket, artillery, and mortar (C-RAM) system.
- On the basis of component, the air defense system market is segmented into weapon system, fire control system, command and control system and others.
- On the basis of range, the air defense system market is segmented into long range air defense (LRAD) system, medium range air defense (MRAD) system, and short range air defense (SHORAD) system.
- On the basis of platform, the air defense system market is segmented into airborne, land and naval.
Air Defense System Market Country Level Analysis
The air defense system market is analysed and market size, volume information is provided by country, type, component, range and platform as referenced above.
The countries covered in the air defense system market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is expected to dominate the air defense system market during the forecast period of 2021 to 2028 due to the increased investments being made by countries such as China, India, Japan, South Korea, Taiwan, and Australia in the development of advanced air defense systems to strengthen defense systems within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Air Defense System Market Share Analysis
The air defense system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to air defense system market.
The major players covered in the air defense system market report are Saab, IAI, Lockheed Martin Corporation., Leonardo S.p.A., BAE Systems., Rheinmetall AG, Thales Group, KONGSBERG, Raytheon Technologies Corporation, MBDA, Northrop Grumman., Boeing., ASELSAN A.S., JSC Concern VKO "Almaz-Antey, and Hanwha Group., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.