Air Defence System Market By System(Anti-Aircraft System, Artillery, Mortar System, Counter Rocket, Missile Defence System) By Type(Land , Airborne, Naval)- Global size Analysis and Industry Forecast, 2018-2023.
Global Air Defense System Market was valued at USD 30.41 billion in the year 2017. Global Air Defense System market is further estimated to grow at a CAGR of 6.71% from 2018 to reach USD 44.92 billion by the year 2023.
Asia-Pacific region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level China, Japan and India are projected to grow at a strongly in the coming years.
Due to conflict between nations and growing terrorism.
Thales Group (France), BAE Systems PLC (U.K), Saab AB (Sweden), Lockheed Martin Corporation (U.S.), The Boeing Company (U.S.), Israel Aerospace Industries Ltd. (Israel), Leonardo S.P.A. (Italy), Hanwha Group (South Korea), Northrop Grumman Corporation (U.S.), Rheinmetall AG (Germany), MBDA (France), Aselsan A.S.
(Turkey), are some of the key players in the Global Air Defense System market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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Rising instability between various nations across the globe
Implementation of technology in air defense system
Higher cost and timely maintenance
The major shares of the market comes from Land type in Global Air Defense System Market. On the other hand, Long Range Air Defense (LRAD) System, by Component for this market is expected to grow at highest CAGR during year 2018-2023.
Key Benefits for Stakeholders
Air Defense System Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.
Artillery, Mortar System, Counter Rocket
Missile Defense System
Command and Control System
Fire Control System
Electro-Optic Sensor and Laser Range Finder
Air Defense Radar
Short Range Air Defense (ShoRAD) System
Medium Range Air Defense (MRAD) System
Long Range Air Defense (LRAD) System
Key Market Players
BAE Systems PLC
Lockheed Martin Corporation
The Boeing Company
Israel Aerospace Industries Ltd.
Northrop Grumman Corporation
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