Press release
Air Defense Systems Market to Reflect Impressive Growth Rate During 2020-2025
Read the Air Defense Systems Market Report Overview at: https://bisresearch.com/industry-report/air-defense-systems-market.html
The research report provides detailed market segmentation based on type, component, deployment mode, range platform, and region, apart from examining the market in terms of growth drivers, trends, technological developments, and competitive benchmarking. The report also covers market dynamics, competitive landscape, and detailed financial share of leading players in the sector.
The air defense systems market is supported by several driving factors, including the modernization of missile defense systems, expansion of surveillance radar coverage, and development of modern air defense systems, including directed energy weapons, counter hypersonic, electromagnetic railguns, among others. However, the high costs associated and stringent industry regulations related to arms transfer are restraining the growth curve in the coming decade.
On the basis of type, the market is segmented into the anti-aircraft system, artillery & munition (C-RAM) system, missile defense system, counter-rocket, and directed energy weapon system. Among the mentioned, the missile defense system segment dominates the air defense systems market and is anticipated to occupy 41.3% of the overall market share in 2025.
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Based on regional analysis, the North American region holds the major market share during the forecast period. The U.S. has emerged as the highest market revenue-generating region with an overall sum of $12.147 billion in 2019. Other regions in Asia-Pacific, including China, India, Japan, and South Korea, among others, have evolved as the second most prominent region for the air defense systems market.
Although the COVID-19 pandemic has created a shift in the dynamics of several industries, it has not shown any immediate effect on the defense sector, apart from some supply chain disruption. The key players participating in the market include Lockheed Martin Corporation, Raytheon Technologies, Rafael Advanced Defense Systems Ltd., General Atomics, and BAE Systems, among others.
Key Questions Answered in the Report:
• What are the key trends in the air defense systems market across different regions?
• What are the major impacts of COVID-19 in air defense systems market?
• What are the major driving forces that tend to increase the demand for air defense systems market during the forecast period 2020-2025?
• What are the major challenges inhibiting the growth of the air defense systems market?
• What was the total revenue generated in the global air defense systems market by type in 2019?
• Which air defense systems by type, such as missile defense systems, anti-aircraft system, counter rocket artillery and mortar (C-RAM), and directed energy weapons is expected to dominate the market in the coming years?
• Which air defense systems by component, such as weapon systems (gun/turret system, missile launcher system) and fire control system (air defense radar, electro-optic sensor, command & control) is expected to dominate the market in the coming years?
• What was the total revenue generated in global air defense system market by platform such as ground-based, ship-based, and airborne in 2019 and what are the estimates by 2025?
• What was the total revenue generated by the global air defense systems market across different regions (North America, Europe, Asia-Pacific, and Middle East in 2019, and what are the estimates by 2025?
• Who are the key players in the global air defense systems market, and what are the new strategies adopted by them to make a mark in the industry?
• What major opportunities do the defense companies foresee in the next five years related to air defense systems?
• What is the competitive strength of the key leading players in the air defense systems market?
Related Reports:
Military GNSS Anti-Jamming Systems Market - Analysis and Forecast, 2020-2025: https://bisresearch.com/industry-report/military-gnss-anti-jamming-systems-market.html
Directed Energy Weapon Systems Market - Analysis and Forecast, 2020-2030: https://bisresearch.com/industry-report/directed-energy-weapon-systems-market.html
Ground Defense System Market - Analysis and Forecast, 2019-2024: https://bisresearch.com/industry-report/ground-defense-system-market.html
C5ISR Systems Market - Analysis and Forecast, 2019-2024: https://bisresearch.com/industry-report/c5isr-systems-market.html
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
As a leading market intelligence provider, BIS Research stands out of the crowd by complementing the data with valuable insights and actionable inputs for the client's success.
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