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Land Based Air and Missile Defense Market

08-17-2018 08:28 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

Land based air and missile defense is considered as a weapon system. It finds its legitimacy or relevance in a nation’s basic need for homeland and sovereignty defense. In North Atlantic Treaty Organization (NATO), air defense comprises both air defense fighters and ground based air defense. In addition, land based air and missile defense are mostly used for homeland security and military application. S-band and X-band are widely used for ground-based air and missile defense application. These are used for target detection and surveillance such as long range artilleries and ballistic 7 stealth missile among others. These systems are also used for countering smuggling, illicit fishing, piracy and terrorism among others. Ground-based air and missile defense are used to get real-time information in warfare situation. Ongoing war against conflicts in the Crimean Peninsula, Al-Qaeda in Afghanistan and ISIS in Syria are boosting the demand for land based air and military defense market during the forecast period of 2016 – 2024.

Based on types, the land based air and missile defense market is segmented into air policing, air surveillance, the home guard, radar, coast guard and others. In 2015, the home guard segment anticipated to be the key market for land based air and missile defense and expected to be the same during the estimate period of 2016 – 2024. Land based air and missile defense can stay on high readiness over a longer period of time. In addition, the land based air defense system only needs refueling once a day.

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Based on the various range, the land based air and missile defense market is segmented into long range & strategic system, medium range and short range. In 2015, the long range & strategic system segment anticipated to be the foremost market. There are several major factors boosting the land based air and missile defense market such as use of long range & strategic system in ballistic missile and conventional targets. In addition, increasing demand for ballistic missile defense system is the other factor boosting the market for land based air and missile defense market during the forecast period. For example, the combined efforts of South Korean and the U.S. government to develop the land based missile and air defense in South Korea is anticipated to help increase the demand of land based air and missile defense system. Likewise, China and India’s efforts towards the expansion of missile defense system are expected to drive the land based air and missile defense market in the region. Moreover, clashes between countries in Middle East and Asia Pacific are anticipated to boost the market for short rang segment during the estimate period.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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