Air Defense System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Report Code: ZMR-5424 | Report Format : | Status : Upcoming |

Abstract

Global Air Defense System Market: Overview

An air defense system is a defense solution that enables commanding centers and air force operators to monitor and manage external threats, manage airspace, co-ordinate with civil and military air traffic control, and track & identify airborne objects. Since the aviation technology has taken a leap, the ability of a nation to protect its air space has become a central concern.

A wide spectrum of air as well as missile threats are covered by air defense systems that are being designed to offer maximum protection against all current and imminent airborne threats faced by nation-states. The modularity of the innovative air defense systems introduced recently will assure connectivity and interoperability as well. Therefore, the demand for air defense systems is expected to augment greatly over the forthcoming period, with several superpowers across the world being at loggerheads with one another.

Global Air Defense System Market: Growth Factors

The evolution in the military & defense system that is characterized by a highly modern approach consisting of cutting-edge technology is one of the foremost factor boosting the demand for air defense systems on a global scale. An instance of technological advancement in defense is the integration of high performance sensors, command control, and fire control systems by leading manufacturers. The increasing quantities of investments in research, coupled with the looming threats of aerial attacks from enemies, will also drive the growth of global air defense system market.

As issues such as international terrorist attacks, political insurgencies, and cross-border conflicts have been on the upsurge, the global demand for defense systems is likely to multiply significantly. However, the growth of the global air defense system market might be kept under control due to the signing of different peace treaties between nation states. The broadening structure of the new defense budgets of several countries worldwide will bring in more demand for air defense systems, aiding the progression of the global air defense system market over the forthcoming times.

Global Air Defense System Market: Segmentation

The global air defense system market can be segmented on the basis of type, range, platform, and region. By type, anti-aircraft system, C-RAM (counter-rocket, artillery, & mortar) system, and missile defense system are the three major segments of the global air defense system market. Among these, the missile defense system segment is expected to dominate the global air defense system market through the forecast timeframe. The expansion of this segment can be credited to bulk investments originating from Russia, Iran, China, North Korea, the US, India and France. These investments are being made for upgrading their missile defense system in order to stay ahead of the game.

Based on range, long-range, medium-range, and short-range air defense systems are the chief categories, of which the former is projected to emerge as the leading segment. The three key categories based on platform are airborne, land, and naval. Of these, the naval platform can garner significant demand over the projected timeline, considering the incessant upgrading and modification of naval air defense systems.  

Global Air Defense System Market: Regional Analysis

In the past, the North America air defense system market was the dominant regional segment. While the primary reason for its leading position is the location of numerous market competitors in the region, being an early adopter of latest air defense technology has also proved to be a boon for North America. The Asia Pacific air defense system market is anticipated to register highest rate of growth evinced by its high CAGR through the coming period. As the frequency of territorial disputes, terrorism, insurgencies, and enmity between neighboring nations has been spiraling lately, the demand for air defense systems in this region will shoot up substantially. India, China, and Japan are some of the regional leaders in the defense sector and might emerge as key contributors of the global air defense system market in the coming times.

Global Air Defense System Market: Competitive Players

Lockheed Martin Corporation, Saab AB, Raytheon Company, BAE Systems PLC, Thales Group and Hanwa Corporation are some of the major companies manufacturing air defense systems. A number of market players are engaging in strategic partnerships, mergers, and acquisitions.

Global Air Defense System Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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