Increased Terrorism Driving Growth of Short Range Air Defense System Market Driver: Leading Transformation in the Short Range Air Defense System Market in 2025

"How Are the key drivers contributing to the expansion of the short range air defense system market?
The surge in terrorism incidents is predicted to boost the expansion of the short range air defense system market. Terrorism entails acts of violence or intimidation aimed at instilling fear and accomplishing political, ideological, religious, or societal goals while creating a climate of terror targeting civilians. Short range air defense systems play a role in impeding terrorist activities by detecting, monitoring, and neutralizing aerial threats from terrorists at military bases, critical infrastructures, airports, or public events. For example, the Global Terrorism Index, a publication from the Institute for Economics and Peace, an Australian based international think tank, revealed in March 2023 that the average death toll per terrorist attack in 2021 was 1.3, which rose to an average of 1.7 persons per attack in 2022. Hence, the escalating terrorist threats are fueling the expansion of the short range air defense system market. Moving on to the Short Range Air Defense System Market Driver: Rising Defense Expenditures Propel Growth In Short-Range Air Defense System Market. Projected increase in defense expenditures are seen as a major factor in stimulating the growth of the short range air defense system market. Defense expenditures denote the total funding set aside by a government for military-related operations like personnel, equipment, operations, facilities. They fund the creation and procurement of advanced SHORADS with enhanced capabilities such as superior detection, tracking, and engagement coverage, increased precision, and immunity to electronic countermeasures. For instance, the U.S Department of Defense, a US-based government agency, reportedly allocated $776.6 billion for defense in the Fiscal Year 2022 in March 2023, while the sanctioned budget for Fiscal Year 2023 has risen to $851.8 billion. Therefore, the rise in defense expenditures is being seen as a major driver for the expansion of the short range air defense system market.

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What growth opportunities are expected to drive the short range air defense system market's CAGR through 2034?
The market size of the short range air defense system has seen remarkable growth in the previous years. The projections indicate an increase from $14.75 billion in 2024 to $15.72 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. The growth seen in the historical period can be attributed to factors such as a changing military threat landscape, geopolitical tensions, threats of terrorism, modernization programs, and requirements related to force protection.

The market for short range air defense systems is projected to experience considerable growth in the upcoming years, reaching a value of $19.29 billion by 2029 with a 5.2% compound annual growth rate (CAGR). This growth during the forecasted period can be attributed to factors like asymmetric warfare, the emergence of new threats, global defense budgets, regional security issues, and collaborative defense efforts. Significant trends expected within this period encompass the incorporation of directed energy weapons, improvements in radar and sensor tech, the creation of portable and mobile systems, promotion of interoperability and network integration, and the innovation of non-kinetic interception methodologies.

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What are the emerging trends shaping the future of the short range air defense system market?
Significant players in the short range air defense (SHORAD) systems market are concentrating their efforts on technological innovations, such as vertical launched short-range surface-to-air missile systems, in order to offer more dependable services to their clientele. The vertical launched short-range surface-to-air missile system is a forward-thinking surface-to-air missile developed to target airborne objects within a distance of 40 to 50 km and an elevation of approximately 15 km. For instance, in February 2023, Bharat Dynamics Limited (BDL), an ammunition and missile systems manufacturer from India, in conjunction with the Defense Research and Development Organization (DRDO), a government agency also based in India, unveiled the vertical launched short-range surface-to-air missile system (VL SR SAM). This all-weather air defense system, utilized by the navy, offers point defense with speedy reaction times to rapidly skimming sea threats.

Which growth-oriented segments of the short range air defense system market are leading the industry's development?
The short range air defense system market covered in this report is segmented -

1) By Component: Weapon System, Fire Control System, Command And Control System, Other Components
2) By Range: Short-Range (Up To 5 km), Very Short Range (Up To 2 km)
3) By Technology: Radar-Guided Systems, Electro-Optical Systems, Infrared (Eo/Ir) Systems, Jamming Technologies

Subsegments:
1) By Weapon System: Anti-Aircraft Guns, Surface-To-Air Missiles (Sams), Close-In Weapon Systems (CIWS)
2) By Fire Control System: Radar Systems, Tracking Systems, Fire Control Software
3) By Command And Control System: Communication Systems, Data Processing Systems, Command Consoles
4) By Other Components: Launch Platforms, Power Supply Systems, Sensors And Detectors

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North America was the largest region in the short range air defense system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the short range air defense system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the short range air defense system market?
Major companies operating in the short range air defense system market report are Israel Aerospace Industries, Saab AB, BAE Systems PLC, Lockheed Martin Corporation, Thales Group, RTX Corporation, Rheinmetall AG, MBDA Inc., Leonardo S.p.A., Elbit Systems Ltd., Kongsberg Gruppen, ASELSAN A.Ş., L3Harris Technologies Inc., Boeing Company, General Dynamics Corporation, Toshiba Infrastructure Systems & Solutions Corporation, Nexter Systems, Kongsberg Gruppen, Diehl Defense GmbH & Co. KG, Bharat Electronics Limited, ASELSAN A.Ş., Norinco Group, Hensoldt AG, Denel Dynamics, Rafael Advanced Defense Systems Ltd., Israel Aerospace Industries, Avibras Indústria Aeroespacial S/A, LIG Nex1 Co. Ltd., Thales Group, Almaz Antey Corporation

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What Is Covered In The Short Range Air Defense System Global Market Report?

•Market Size Forecast: Examine the short range air defense system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the short range air defense system market for a structured understanding.
•Key Players Overview: Analyze major players in the short range air defense system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the short range air defense system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the short range air defense system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the short range air defense system market.
•Industry Challenges: Identify potential risks and obstacles affecting the short range air defense system market.
•Competitive Landscape: Review strategic developments in the short range air defense system market, including expansions, agreements, and new product launches.

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