Air Defense Systems Market : Global Size, Share, Trends, Analysis, Growth & Forecast to 2022-2027

The latest research study "Air Defense Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global air defense systems market size reached US$ 42.37 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 57.86 Billion by 2027, exhibiting a growth rate (CAGR) of 5.20% during 2022-2027.

Air defense systems are advanced technologies that are used for intercepting, detecting, tracking, attacking, and destroying ballistic missiles or enemy aircraft. They can be of various types, such as missile defense systems, counter unmanned aerial systems (C-UAS), anti-aircraft systems, counter rockets, artillery and mortar (C-RAM) systems, etc. These air defense systems aid in nullifying incoming targets and protecting army bases, mobile platforms, and land-based fixed assets, from combat aircraft, unmanned air vehicles (UAVs), rockets, and guided munition. They are even equipped with electro-optic radars and sensors, which make them ideal for numerous air space surveillance operations. As a result, air defense systems are extensively utilized in the military and defense segments across the globe.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Air Defense Systems Market Trends and Drivers:

The market is primarily driven by rising geopolitical instabilities, growing missile threats, and cross-border conflicts. In addition, the increasing territorial disputes among nations and growing occurrences of aircraft warfare are escalating the demand for efficient air defense systems across the globe. Moreover, several technological advancements in the weapon system and air defense technologies, along with the utilization of new-age weapons, represent another significant growth-inducing factor. Besides this, initiatives undertaken by governments of various countries to modernize ground troop equipment, and the expanding military budgets, are providing a thrust to the market growth. Additionally, the market is also propelled by extensive research and development (R&D) activities conducted by key players to develop advanced, untraceable, autonomous, agile, and lethal weapons equipment. Furthermore, the widespread adoption of the latest software and digital technologies, such as power lasers, missile warning systems, and multi-location radars, for optimum protection against airborne threats is creating a positive market outlook across the globe.

Air Defense Systems Market Report Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Aselsan A.S. (Turkish Armed Forces Foundation), BAE Systems plc, Hanwha Group, Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Saab AB, Thales Group and The Boeing Company.

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The report has been segmented the market into following categories:

Breakup by Component:

• Weapon System
• Fire Control System
• Command and Control System
• Others

Breakup by Type:

• Missile Defense Systems
• Anti-aircraft Systems
• Counter Unmanned Aerial Systems (C-UAS)
• Counter Rocket, Artillery and Mortar (C-RAM) Systems

Breakup by Platform:

• Airborne
• Land
• Naval

Breakup by Range:

• Long-range Air Defense System (LRAD)
• Medium-range Air Defense System (MRAD)
• Short-range Air Defense System (SHORAD)

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Breakup By Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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