Press release
Short-Range Air Defense System Market Value to Reach USD USD 26 Billion by 2030, CAGR at 5.27% - Spotlight on Lockheed Martin, Boeing Company and BAE Systems
The Global Short-Range Air Defense System Market is projected to value approximately USD 26 billion by the year 2030, rising from an estimated USD 18 billion in 2024, which shows a significant market growth during the forecast period 2025-2030. This growth is expected to occur at a compound annual growth rate (CAGR) of around 6%. The increasing need for advanced air defense solutions, fueled by the rising threat of Unmanned Aerial Systems (UAS) and geopolitical tensions across various regions such as Central Asia, the Middle East, and Europe, will drive the market demand for Short-Range Air Defense System. The defense procurement initiatives by countries globally underscore the urgency for enhanced aerial threat responsiveness, particularly in conflict zones.
Short-Range Air Defense System Market Statistics
• The Short-Range Air Defense System Market is poised to expand at a CAGR of 6% during the forecast period.
• As of 2024, the market valuation stands at approximately USD 18 billion.
• The market is projected to reach about USD 26 billion by 2030.
• North America currently leads the Short-Range Air Defense System Market, accounting for approximately 30% of the total market share.
• Innovations such as AI and automation techniques are being increasingly incorporated into Short-Range Air Defense System, enhancing their operational efficiency.
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Competitive Landscape of the Short-Range Air Defense System Market
The competitive landscape of the Global Short-Range Air Defense System Market showcases a host of key players that drive innovation and market growth. With substantial investments in research and development, these companies are enhancing their product offerings to meet emerging defense needs. Leading players include:
• 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.
• Northrop Grumman Corporation
• ASELSAN A.Ş
• L3Harris Technologies Inc.
• Boeing Company
• General Dynamics Corporation
• Rafael Advanced Defense Systems Ltd.
• Almaz Antey Corporation
• Nexter Systems
• Bharat Electronics Limited
• Kongsberg Gruppen
• Others
Short-Range Air Defense System Market Trend
A significant trend in the Short-Range Air Defense System Market is the increasing emphasis on military modernization programs. Countries are focused on upgrading their military capabilities to counter evolving aerial threats, which has moved Short-Range Air Defense System to the forefront of air defense strategies. Innovations in directed energy systems and the integration of advanced technologies into air defense solutions reflect a leap towards achieving multi-layered defense strategies globally.
Recent Development in the Short-Range Air Defense System Market
• In November 2023, India's Bharat Dynamics Limited signed a memorandum of understanding with Russia's Rosoboronexport for collaboration on the Pantsir self-propelled anti-aircraft gun and missile system, signaling enhanced defense partnerships and technological exchange.
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Short-Range Air Defense System Market Segmentation
By Component
> Weapon System
> Fire Control System
> Command & Control System
> Other Components
By Technology
> Radar-Guided Systems
> Electro-Optical Systems
> Infrared(Eo/Ir) Systems
> Jamming Technology
By Range
> Upto 2 Km
> 2.1 to 5 Km
> 5.1 Km to 30 Km
By System Type
> Missile Systems
> Gun Systems
> Laser Systems
> Electromagnetic Systems
By Platform
> Land Based
> Navel
> Airborne
By End User
> Military
> Defense Force
> Paramilitary
By Region
> North America
> South America
> Europe
> The Middle East & Africa
> Asia-Pacific
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Table of Contents: Short-Range Air Defense System
• Introduction
• Executive Summary
• What Our Experts Say?
• Short-Range Air Defense System Market Import-Export Trade Statistics
• Short-Range Air Defense System Market Status and Forecast by Segment and Region/Country
• Short-Range Air Defense System Market Driving Factor Analysis
• Company Profiles and Short-Range Air Defense System Market Data
• Short-Range Air Defense System Market Trends & Insights
• Short-Range Air Defense System Market Dynamics
• Short-Range Air Defense System Market Hotspot & Opportunities
• Short-Range Air Defense System Market Supply Chain Analysis
• Short-Range Air Defense System Market Regulation & Policy
• Short-Range Air Defense System Market Outlook, 2020- 2030
• Short-Range Air Defense System Market Key Strategic Imperatives for Success & Growth
• Research Methodology and References
• Short-Range Air Defense System Market Competition Status by Key Manufacturers/Service Provider
• Company Profiles
• Disclaimer
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• Global Missile Defense System Market Research - https://www.marknteladvisors.com/research-library/missile-defense-market.html
• Global Man-Portable Air-Defense System (MANPADS) Market Research - https://www.marknteladvisors.com/research-library/manpads-market.html
Frequently Asked Questions (FAQs)
• What is the projected growth rate for the Short-Range Air Defense System Market from 2025 to 2030?
• How large is the Short-Range Air Defense System Market expected to be in 2030?
• What are the key factors driving the growth of the Short-Range Air Defense System Market?
• Which companies are currently leading in the Short-Range Air Defense System Market?
• What are the major challenges faced by companies in the Short-Range Air Defense System Market?
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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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