Short Range Air Defense System Market Expansion Outlook: $19.16 Billion in 2029

Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.

What Is the Projected CAGR for the Short Range Air Defense System Market from 2024 to 2025?
In recent years, the market size for short range air defense systems has experienced robust growth. The projection is set to increase from $14.75 billion in 2024 to $15.63 billion in 2025, signifying a compound annual growth rate (CAGR) of 5.9%. This growth during the historical period can be associated with factors such as the evolving military threat landscape, geopolitical conflicts, terrorist threats, modernization initiatives, and requirements for force protection.

What are the Expected Market Size and CAGR for Short Range Air Defense System by 2029?
In the coming years, the market size for short range air defense systems is predicted to undergo significant expansion. The market is projected to increase to $19.16 billion by 2029, with a compound annual growth rate (CAGR) of 5.2%. This expansion during the forecast period can be linked to factors like asymmetric warfare, emerging threats, international defense budgets, region-specific security issues, and cooperative defense strategies. The period is also likely to witness major trends like the inclusion of directed energy weapons, advancements in the field of radar and sensor technologies, the advent of mobile and man-portable systems, improved interoperability and network integration, and the advancement of non-kinetic interception technologies.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/short-range-air-defense-system-global-market-report

Which Factors Are Driving the Global Short Range Air Defense System Market Expansion?
The surge in terrorism is set to accelerate the expansion of the short range air defense system market in the future. Terrorism is characterized by violence and intimidation to spread fear and accomplish political, ideological, religious, or societal goals, aiming to create a state of terror among the general public. Short range air defense systems play a crucial role in thwarting terrorist activities by identifying, pursuing and negating airborne threats from terrorists in areas such as military bases, critical infrastructures, airports, or public gatherings. For example, in March 2023, the Global Terrorism Index reported by the Institute for Economics and Peace, an Australian global think tank, disclosed that the average number of deaths per terrorist attack in 2021 was 1.3, which escalated to an average of 1.7 individuals per attack in 2022. Thus, the rise in terrorism is fueling the expansion of the short range air defense system market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13531&type=smp

Which Segment Currently Holds the Largest Share of the Short Range Air Defense System Market?
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

Which Major Trends Are Shaping the Future of the Short Range Air Defense System Industry?
Leading firms in the SHORAD systems market are prioritizing innovation, such as the development of vertical launched short-range surface-to-air missile systems, in order to deliver dependable services to their clientele. The vertical launched short-range surface-to-air missile systems is a cutting-edge surface-to-air missile configured for airborne targets within a range of 40 to 50 km and at an altitude around 15 km. As an example, in February 2023, Bharat Dynamics Limited (BDL), a manufacturer of missile systems and ammunition based in India, along with the Defense Research and Development Organization (DRDO), an Indian government agency, introduced a new vertical launched short-range surface-to-air missile system (VL SR SAM). This ship-based, all-weather air defense system is utilized by the navy as a point defense, ensuring quick response to rapid sea-skimming threats.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=13531&type=smp

Which Key Players Dominate the Short Range Air Defense System Industry Globally?
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 Are the Fastest-Growing Regions 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.

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.

Reach out to us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

The Business Research Company, with over 17,500+ reports across 27 industries and 60+ geographies, backed by 1,500,000 datasets and insights from industry leaders, offers comprehensive market intelligence through its flagship product, the Global Market Model (GMM), delivering updated forecasts for informed decision-making.

This release was published on openPR.