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New report shares details about the air defence system market to show USD 44.92 billion by 2023

Military Market Research

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 Make an Inquiry about this news 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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Drivers:

             Rising instability between various nations across the globe

Restraints:

             Government grants

Opportunities:

             Implementation of technology in Air Defence system

Challenges:

             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

End-use industries

Regulatory bodies, policy actors, and consumers.

By System

Anti-Aircraft System

Artillery, Mortar System, Counter Rocket

Missile Defence System

By Type

Land

Portable (Manpads)

Vehicular

Airborne

Naval

By Component

Command and Control System

Weapon System

Missile Launcher

Turret/Gun System

Fire Control System

Electro-Optic Sensor and Laser Range Finder

Air Defence Radar

Others

By Range

Short Range Air Defence (ShoRAD) System

Medium Range Air Defence (MRAD) System

Long Range Air Defence (LRAD) System

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Thales Group

BAE Systems PLC

Saab AB

Lockheed Martin Corporation

Boeing 

Israel Aerospace Industries Ltd.

Leonardo S.P.A.

Hanwha Corporation

Northrop Grumman Corporation

Rheinmetall AG

MBDA

Aselsan A.S.

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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