Press release
Short Range Air Defense System Market Growth Accelerates: Strategic Forecast Predicts $19.29 Billion by 2029
Short Range Air Defense System Market
What Will the Short Range Air Defense System Industry Market Size Be by 2025?
There has been a significant expansion in the market size of the short range air defense system in the past few years. The market, which is projected to surge from $14.75 billion in 2024 to $15.72 billion in 2025, is expected to grow at a compound annual growth rate (CAGR) of 6.5%. This growth during the historic period is due to factors such as the evolving military threat landscape, increased geopolitical tensions, terrorist threats, modernization programs, and the need for force protection requirements.
What's the Long-Term Growth Forecast for the Short Range Air Defense System Market Size Through 2029?
The market size of the short range air defense system is projected to experience substantial growth in the forthcoming years, escalating to $19.29 billion by 2029 with an annual growth rate of 5.2% (CAGR). Various factors such as asymmetric warfare, imminent threats, worldwide defense budgets, regional security concerns, and collaborative defense efforts are driving this growth during the forecast period. Noticeable trends for the forecast period encompass incorporating directed energy weapons, improving radar and sensor technologies, introducing mobile and man-portable systems, bettering interoperability and network integration, and progressing non-kinetic interception technologies.
View the full report here:
https://www.thebusinessresearchcompany.com/report/short-range-air-defense-system-global-market-report
What Are the Key Growth Drivers Fueling the Short Range Air Defense System Market Expansion?
The surge in terrorism is projected to boost the growth of the market for short range air defense systems. Such systems find use in curbing terrorist activities by thoroughly monitoring, detecting, and containing potential aerial threats from terrorists at strategic military bases, important infrastructures, airports, or during public gatherings. A report published by the Institute for Economics and Peace, an Australian global think tank, stated in the Global Terrorism Index for March 2023 that the average death per terrorist attack moved up from 1.3 in 2021 to 1.7 in 2022. Hence, a growing rate of terrorism contributes to the expansion of the short range air defense system market. Short Range Air Defense System Market Driver: Short-Range Air Defense System Market Growth Fueled by Rising Defense Expenditures
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13531&type=smp
What Are the Key Trends Driving Short Range Air Defense System Market Growth?
Prominent businesses in the short range air defense (SHORAD) systems market are concentrating on innovating features, such as vertical launched short-range surface-to-air missile systems, to meet the needs of their clientele in a consistent manner. These vertical launched short-range systems are an advanced surface-to-air missile targeting aerial objects within a distance of 40 to 50 km and at about 15 km high. For example, Bharat Dynamics Limited (BDL), an Indian ammunition and missile systems manufacturer, in collaboration with the Defense Research and Development Organization (DRDO), a government agency from India, introduced vertical launched short-range surface-to-air missile systems (VL SR SAM) in February 2023. This system, suitable for all weather conditions and based on a ship, is employed by the navy as a point defense for rapid response to fast-sea skimming threats.
How Is the Short Range Air Defense System Market Segmented?
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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=13531&type=smp
Which Companies Are Leading the Charge in Short Range Air Defense System Market Innovation?
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
Which Regions Are Leading the Global Short Range Air Defense System Market in Revenue?
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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13531
"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Short Range Air Defense System Market Growth Accelerates: Strategic Forecast Predicts $19.29 Billion by 2029 here
News-ID: 4127420 • Views: …
More Releases from The Business Research Company
Technological Advancements With App Based Subscription Programs Industry Trends …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Car Washing Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the car washing service market size has been expanding at a consistent rate. It is projected that from $30.1 billion in 2024, it will surge to $30.75 billion in 2025, with…
Major Growth Driver Identified in 2025 Well Intervention Market: Rising Energy D …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Well Intervention Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the well intervention market has seen consistent growth over the past few years. The market, which will increase from $9.39 billion in 2024 to $9.84 billion in 2025 at a compound annual…
Growing E-Commerce Sector Fuels Demand For Telephone Call Centers: Critical Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Telephone Call Centers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for telephone call centers has seen a slight rise in recent years. The market value is predicted to increase from $136.61 billion in 2024 to $138.62 billion in 2025, maintaining a compound…
Private Household Services Market Expansion Continues, with Forecast Valuation o …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Private Household Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a significant expansion in the private household services market size in the past few years. This market will see an escalation from $321.58 billion in 2024 to $351.99 billion in 2025,…
More Releases for Defense
Virtual Reality in Aerospace & Defense Market Virtual Reality in Aerospace & Def …
The global virtual reality (VR) market in aerospace and defense is estimated to be valued at approximately $8.4 billion in 2024, with expectations to around $20.7 billion by 2034, signifying a robust Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period from 2025 to 2034.
The latest report Virtual Reality in Aerospace & Defense Market Share, Size, Growth, Opportunities, and Forecast 2025-2034 This report offers a new perspective…
Elliott Derzaph, Renowned Self-Defense Instructor, Launches His Latest Book "Wom …
Image: https://www.getnews.info/wp-content/uploads/2024/08/1724155810.png
Self-defense training is about the knowledge of how fighting works and how to survive. Women will learn how to utilize their internal power to develop autonomy, confidence, and empowerment. Real World Techniques were designed to teach practical, real-world defense that can be used in a variety of situations.
Los Angeles, California - August 21, 2024 - Women have traditionally shied away from situations where their self-defense [https://consciousdefense.com/] may be…
Missile Defense System Market is in huge demand | Almaz Antey, Kongsberg Defense …
Global Missile Defense System Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to…
Defense Siren Review 2023 (Defense Siren Must Read!) : Shocking Price About Defe …
In the United States of America, thousands of crimes are reported every day. You name it: mugging, theft, sexual assault, and murder. Some of these crimes are reported in the daily newspaper and on news programs.
After reading and watching the news, it's normal to worry about your family. Anytime, anywhere, you or your family could be attacked while driving. Thus, it's crucial to always remain vigilant. However, being aware is…
Door Defense Review 2022: (Buyers Beware!) Is Door Defense Actually Working?
The last thing anyone wants to think about when they are traveling is their security and privacy.
Door Defense provides consumers with a highly portable, secure solution in this regard that can be used in any hotel, Airbnb, dorm, or hostel.
It is also important to remember that even if the product may not be a failsafe defense against every invasion or incursion attempt, it at least gives them a…
Aircraft Communication System Market Global Report 2020 – Rockwell Collins Avi …
Aircraft communication systems use analogue voice and digital data for communication between pilots, members of the crew and passengers during flight. These devices are also used for communication between aircraft. Aircraft communication systems are used to facilitate communications between aircraft and ground units and vice versa.
Get In Depth Sample With Description, Graphs And Charts: https://www.a2zmarketresearch.com/sample?reportId=151555
Aircraft communication system offered by different manufacturers have also been taken into consideration to determine…
