Air Defense System Market Expected to Witness a Sustainable Growth over 2026

Air Defense System Market Expected to Witness a Sustainable Growth over 2026

The air defense system market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

With rising technological advancements in counter UAVs, fire control systems, and hyper sonics missiles, the air defense system market is projected to experience tremendous growth in the forthcoming years.

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The demand for new technology and improving the existing system are contributing to the growth of the air defense system market share. It presents opportunities, for introducing more efficient platforms and new technologies such as AI-integrated drones and application of lasers that can destroy any incoming projectiles, which are set to be some of the major market accelerators.

for instance, Russia in 2018 portrayed a concept to develop a nuclear-powered cruise missile. The nuclear missile showcases a limitless target range at a constant cruising speed at low altitude because it is fueled by a small-scale nuclear reactor.

The rising defense budget and increasing cross-border disputes between India, Pakistan and China are some of the key drivers that are set to fuel the growth of the market.

Meanwhile, the increasing defense budgets are further helping the growth of weapon suppliers and industry players across the globe. In fact, Boeing, in 2018, was granted more than 20 agreements with total cost of $13.7 billion by United States for bringing forth developments in its defense sector.

Some of the prominent players experienced a significant rise in their revenues owing to government contracts; like Almaz-Antey witnessed a rise of 17% from the sale of its weapon systems, mostly from the sale of S-400 air ground-to-air defense systems to China and India.

Furthermore, in 2017, the weapons sales by Thales Group witnessed about 7% increase, with BAE Systems following with a 3.3% increase and Northrop with 2.4% respectively.

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Companies operating in the air defense system market are increasingly focusing on strategic partnerships and long-term contracts with government agencies to gain a competitive edge over their rivals. They are focused on offering more advanced, tailor-made systems and defense solutions to the government agencies.

Prominent industry players are investing in R&D efforts for developing new technologies that includes hypersonic missiles for a plethora of defense applications. The investments in R&D activities, on average, represents more than 10% of the total revenue in major defense companies.

BAE Systems PLC, Kongsberg Gruppen, Thales Group, MBDA, Rheinmetall AG, The Boeing Company, Raytheon Company, JSC Concern Vko, Northrop Grumman Corporation, Aselsan A.S., and Leonardo S.P.A. are some of the major players operating in the market.

Major Key Points from Table of Content:

Chapter 7.   Air Defense System Market, By Range

7.1.  Key trends, by range

7.2.  Short Range Air Defense (SRAD) System

7.2.1. Market estimates and forecast, 2015 – 2026

7.3.  Medium Range Air Defense (MRAD) System

7.3.1. Market estimates and forecast, 2015 – 2026

7.4.  Long Range Air Defense (LRAD) System

7.4.1. Market estimates and forecast, 2015 – 2026

Chapter 8.   Air Defense System Market, By Application

8.1.  Key trends, by application

8.2.  Land

8.2.1. Market estimates and forecast, 2015 – 2026

8.3.  Naval

8.3.1. Market estimates and forecast, 2015 – 2026

8.4.  Airborne

8.4.1. Market estimates and forecast, 2015 – 2026

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