Air Defence System Market By System (Anti-Aircraft System, Artillery, Mortar System, Counter Rocket, Missile Defence System) By Type (Land, Airborne, Naval)
GLOBAL AIR DEFENCE SYSTEM MARKET was valued at USD 30.41 Billion in the year 2017. Global Air Defence 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 a country level China, Japan and India are projected to grow at a strongly in the coming years.
Due to conflicts 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 defence 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 Defence system
Higher cost and timely maintenance
The major shares of the market come from Land type in Global Air Defence System Market. On the other hand, Long Range Air Defence (LRAD) System, by Component for this market is expected to grow at highest CAGR during the year 2018-2023.
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Key Benefits for Stakeholders
Air Defence System Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
Artillery, Mortar System, Counter Rocket
Missile Defence System
Command and Control System
Fire Control System
Electro-Optic Sensor and Laser Range Finder
Air Defence Radar
Short Range Air Defence (ShoRAD) System
Medium Range Air Defence (MRAD) System
Long Range Air Defence (LRAD) System
Key Market Players
BAE Systems PLC
Lockheed Martin Corporation
Israel Aerospace Industries Ltd.
Northrop Grumman Corporation
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