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Air defense system market trends and forecast to 2024 explored in latest research

Military Market Research

Air Defense System Market report represents the revenue opportunities in the market through to 2024, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.

Study on Air Defense System Market highlights key players such as Saab AB (Sweden), Israel Aerospace Industries Ltd. (Israel), Lockheed Martin Corporation (US), and BAE Systems plc (UK), among others.

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The air defense system market is projected to grow from USD 30.57 billion in 2017 to USD 45.19 billion by 2024, at a CAGR of 5.74% from 2017 to 2024.The increasing defense expenditures of emerging economies such as China, India, South Korea, and Turkey are expected to offer several growth opportunities for stakeholders of the air defense system market. This, combined with increasing R&D activities for the development of air defense systems with advanced radar and long range weapon systems, is expected to propel the growth of the air defense system market across the globe during the forecast period from 2017 to 2024.

However, the high costs involved in the development of advanced air defense systems and regulatory hurdles related to transfer of arms from one place to another are some of the factors restraining the growth of the air defense system market across the globe.

Based on platform, the land segment is estimated to account for the largest share of the air defense system market in 2017. The growth of this segment of the market can be attributed to the introduction of new technologies for short range, medium range, and guided missile systems.

Air defense systems that are deployed on the land platform include weapons (missiles and guns), 3D radar, counter-RAM, fire command vehicles, and ready-to-fire missiles.

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Key Points From Table Of Content:

8 Air Defense System Market, By Range
8.1 Introduction
8.2 Long Range Air Defense (LRAD) System
8.3 Medium Range Air Defense (MRAD) System
8.4 Short Range Air Defense (ShoRAD) System

9 Air Defense System Market, By Platform
9.1 Introduction
9.2 Land
9.2.1 Vehicular
9.2.2 Portable (Manpads)
9.3 Naval
9.4 Airborne

10 Air Defense System Market, By Type
10.1 Introduction
10.2 Missile Defense System
10.3 Anti-Aircraft System
10.4 Counter Rocket, Artillery, and Mortar (C-RAM) System

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The air defense system market has been segmented based on range (long range air defense (LRAD) system, medium range air defense (MRAD) system, and short range air defense (SHORAD) system),platform (airborne, land, and naval), type (missile defense system, anti-aircraft system, and Counter Rocket, Artillery, and Mortar (C-RAM) system), and component (weapon system, fire control system, and command and control system). The air defense system market has been studied for North America, Europe, Asia Pacific, Middle East, and Rest of the World (RoW).

The report provides an in-depth market intelligence regarding market dynamics and major factors such as drivers, restraints, opportunities, and industry-specific challenges that influence the growth of the air defense system market. It also analyzes micro-markets with respect to individual growth trends, future prospects, and their contribution to the air defense system market.

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