The latest research study “Air Defense Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global air defense systems market size reached US$ 42.37 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 57.86 Billion by 2027, exhibiting a growth rate (CAGR) of 5.20% during 2022-2027.
Air defense systems are advanced technologies that are used for intercepting, detecting, tracking, attacking, and destroying ballistic missiles or enemy aircraft. They can be of various types, such as missile defense systems, counter unmanned aerial systems (C-UAS), anti-aircraft systems, counter rockets, artillery and mortar (C-RAM) systems, etc.
The air defense systems aid in nullifying incoming targets and protecting army bases, mobile platforms, and land-based fixed assets, from combat aircraft, unmanned air vehicles (UAVs), rockets, and guided munition and are even equipped with electro-optic radars and sensors, which make them ideal for numerous air space surveillance operations. The air defense systems are extensively utilized in the military and defense segments across the globe.
Request a free sample brochure: https://www.imarcgroup.com/air-defense-systems-market/requestsample
Air Defense Systems Market Trends and Drivers:
The growing geopolitical instabilities, territorial disputes, and cross-border conflicts among nations and the increasing occurrences of aircraft warfare are primarily driving the air defense systems market, the elevating need for upgrading old and outdated defense technologies is also positively influencing the global market.
The launch of several favorable policies by the government bodies aimed at modernizing ground troop equipment is acting as another significant growth-inducing factor, the introduction of man-portable air-defense systems (MANPADs) to intercept fixed- and rotary-wing aircraft and the adoption of the latest software and digital technologies, including multi-location radars, power lasers, missile warning systems, etc., to improve the performance of the air defense systems are further stimulating the market growth.
The he rising investments by key market players in research and development (R&D) activities to develop state-of-the-art, agile, untraceable, autonomous, and lethal weapons are anticipated to propel the air defense systems market in the coming years.
Air Defense Systems Market Report Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Aselsan A.S. (Turkish Armed Forces Foundation), BAE Systems plc, Hanwha Group, Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Saab AB, Thales Group and The Boeing Company.
The report has been segmented the market into following categories:
- Weapon System
- Fire Control System
- Command and Control System
- Missile Defense Systems
- Anti-aircraft Systems
- Counter Unmanned Aerial Systems (C-UAS)
- Counter Rocket, Artillery and Mortar (C-RAM) Systems
- Long-range Air Defense System (LRAD)
- Medium-range Air Defense System (MRAD)
- Short-range Air Defense System (SHORAD)
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800