Increased Terrorism Driving Growth of Short Range Air Defense System Market: An Emerging Driver Transforming The Short Range Air Defense System Market Landscape

The Short Range Air Defense System Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Short Range Air Defense System Market?
The market size of the short range air defense system has been expanding significantly in the last few years. It is projected to increase from $14.75 billion in 2024 to $15.72 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. The historical growth could be linked to factors such as changes in the military threat landscape, geopolitical tensions, terror threats, modernization programs, and force protection needs.

The market size for short range air defense system is anticipated to experience robust expansion in the forthcoming years. The projected growth will reach $19.29 billion by 2029, with a 5.2% compound annual growth rate (CAGR). This growth during the predicted period is attributed to factors such as asymmetric warfare, burgeoning threats, worldwide defense budgets, regional security worries, and cooperative defense measures. Significant trends expected during this period include the incorporation of directed energy weaponry, progress in radar and sensor technology, the creation of mobile and individual carry systems, heightened interoperability and network integration, as well as the evolution of non-kinetic interception technologies.

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What Are the Different Short Range Air Defense System Market Segments?
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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What Are the Primary Drivers Shaping the Short Range Air Defense System Market?
Influenced by the rise in global terrorism, the short range air defense system market is forecasted to gain momentum. Terrorist acts, which are characterized by violence or its threat, endeavor to spread fear and achieve various goals - be it political, ideological, religious, or social. They target civilians, creating a climate of fear and panic. Short range air defense systems play a significant role in countering this terror threat by identifying, monitoring, and neutralizing aerial hazards posed by terrorists in military bases, airports, vital installations, or public events. The Global Terrorism Index, a report authored by the Institute for Economics and Peace (an Australian global think tank), demonstrates this rise in terrorism. It states that the average fatalities per terror attack rose from 1.3 individuals in 2021 to 1.7 in 2022. Hence, the increase in terrorist activities is fostering the expansion of the short range air defense system market. The short range air defense system market can also look forward to further growth driven by the surge in defense spending. Defense spending, which encompasses allocations towards military personnel, hardware, operations, and infrastructure, is likely to drive the short range air defense system market. Funding from this kind of spending will be directed towards creating and procuring superior short range air defense systems (SHORADS). These advanced systems would have enhanced detection, tracking, and engagement ranges along with high accuracy and resistance to electronic countermeasures. This is evident in the budget allocation by the U.S. Department of Defense in recent years, a premier U.S. government agency. The defense budget for Fiscal Year 2022 stood at $776.6 billion and saw an escalation for Fiscal Year 2023, reaching $851.8 billion. Thus, augmented defense spending is facilitating the enlargement of the short range air defense system market.

Which Companies Are Leading 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

What Trends Are Expected to Dominate the Short Range Air Defense System Market in the Next 5 Years?
Leading firms in the short range air defense (SHORAD) systems market are prioritizing innovation, such as the development of vertically launched short-range surface-to-air missile systems, to deliver dependable services to their clientele. These missile systems represent next-generation surface-to-air technology designed to target airborne threats within a distance of 40 to 50 km and up to an altitude of approximately 15 km. For instance, Bharat Dynamics Limited (BDL), an India-based producer of ammunition and missile systems, in collaboration with the Defense Research and Development Organization (DRDO), an Indian government agency, debuted vertically launched short-range surface-to-air missile systems (VL SR SAM) in February 2023. This all-weather, ship-based air defense system is deployed by the navy for point defense and quick response to fast-sea skimming threats.

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What Are the Top Revenue-Generating Geographies in the Short Range Air Defense System Market?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Short Range Air Defense System Market?
2. What is the CAGR expected in the Short Range Air Defense System Market?
3. What Are the Key Innovations Transforming the Short Range Air Defense System Industry?
4. Which Region Is Leading the Short Range Air Defense System Market?

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