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Learn details of the air defense system market to grow steady at 5.74% CAGR to 2024

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.

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The objectives of this study are to analyze the air defense system market, along with the statistics from 2017 to 2024 as well as define, describe, and forecast the air defense system market based on range, platform, type, component, and region. The year 2016 has been considered as the base year while 2017 to 2024 has been considered as the forecast period for this study on the air defense system market.

Target Audience for this Report:

  • Manufacturers of Air Defense Systems
  • System Integrators
  • Manufacturers of Sensors and Radar
  • Defense Software Providers
  • Original Equipment Manufacturers (OEMs)
  • Subcomponent Manufacturers
  • Military Service Providers
  • Potential Investors (Venture Capitalists)

The ecosystem of the air defense system market includes manufacturers of air defense systems such as Saab AB (Sweden), Israel Aerospace Industries Ltd.

(Israel), Raytheon Company (US), Thales Group (France), Lockheed Martin Corporation (US), Hanwa Corporation (South Korea), and BAE Systems PLC (UK), among others.

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The air defense system market has been segmented into land, naval, and airborne. The land segment is projected to lead the air defense system market in 2017 by accounting for a share of 71.6% of the market.

Technological advancements taking place in short range, medium range, and guided missile systems are the factors driving the growth of the land segment of the air defense system market.

Premium Insights

1 Attractive Market Opportunities in the Air Defense System Market

2 Air Defense System Market, By Component

3 Air Defense System Market, By Region

4 Air Defense System Market, By Type

5 Asia Pacific Air Defense System Market

The air defense system market has been studied for North America, Europe, Asia Pacific, the Middle East, and Rest of the World. The Asia Pacific region is estimated to lead the air defense system market in 2017.

The Asia Pacific air defense system market is projected to grow at the highest CAGR during the forecast period.

Connect for More Details for More Information “Air Defense System Market by Component (Weapon System, Fire Control System, Command and Control System), Type (Missile Defense System, Anti-Aircraft System, C-Ram System), Platform (Land, Naval, Airborne), Range, Region - Global Forecast to 2024” report @ www.rnrmarketresearch.com/contact…me=1205541 .

Growth of Asia Pacific air defense system market can be attributed increased investments being made by countries such as China, India, Japan, South Korea, Taiwan, and Australia in development of advanced air defense systems to strengthen defense systems of their combat zones to avoid and tackle threats arising from regional conflicts such as India-Pakistan border conflict, South China Sea Conflict, and non-conventional threats from terrorist groups such as ISIS.

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