Air Defense System Global Market Report 2024

“Air Defense System Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on air defense system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for air defense system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The air defense system market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Missile Defense System; Anti-Aircraft System; Counter Rocket; Artillery And Mortar (C-RAM) System
• 2) By Component: Weapon System; Fire Control System; Command And Control System; Other Components
• 3) By Range: Short Range Air Defense System; Medium Range Air Defense System; Long Range Air Defense System
• 4) By Application: Land; Naval; Airborne
• Companies Mentioned: Lockheed Martin Corporation; BAE Systems plc; Rheinmetall AG; Thales Group; Northrop Grumman Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

An air defense system is a comprehensive system designed to mitigate the aerial threats posed by enemy manned aircraft, unmanned aerial vehicles (UAVs), smaller drones, and missiles, ultimately enhancing national security. Its primary functions include detecting, identifying, and tracking potential threats, followed by engaging and neutralizing them before they can cause harm.

The main types of air defense systems include missile defense systems, anti-aircraft systems, and Counter Rockets, Artillery, and Mortar (C-RAM) systems. Missile defense systems encompass a range of technologies and strategies aimed at detecting, tracking, intercepting, and destroying incoming missiles before they reach their intended targets. These systems can be ground-based, sea-based, or air-based, utilizing various methods to defend against different types of missiles, such as ballistic missiles, cruise missiles, and hypersonic missiles. Key components of air defense systems include weapon systems, fire control systems, command and control systems, among others. These components are utilized in short-range air defense systems, medium-range air defense systems, and long-range air defense systems, and are applied across land, naval, and airborne platforms.

The air defense system market research report is one of a series of new reports from The Business Research Company that provides air defense system market statistics, including air defense system industry global market size, regional shares, competitors with an air defense systems market share, detailed air defense system market segments, market trends, and opportunities, and any further data you may need to thrive in the air defense system industry. This air defense systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The air defense system market size has grown strongly in recent years. It will grow from $31.55 billion in 2023 to $33.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth observed during the historical period in the development and deployment of air defense systems can be attributed to various factors. These include the military buildup during the Cold War era, focused development of missile defense systems, the perceived threat from aerial warfare, a shift from conventional to asymmetric warfare strategies, and overarching national security imperatives.

The air defense system market size is expected to see strong growth in the next few years. It will grow to $43.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period is driven by heightened defense budgets, escalating threats posed by unmanned systems, geopolitical uncertainties, the demand for comprehensive defense strategies, and a shift towards the adoption of directed energy weapons. Notable trends expected in the forecast period include continuous advancements in missile technology, the increasing prevalence of asymmetric warfare, proliferation of drones and UAVs, the establishment of integrated air defense networks, and a focused emphasis on cybersecurity measures.

The escalating demand stemming from global conflicts is projected to be a significant driving force behind the expansion of the air defense system market. Geopolitical and military confrontations worldwide have prompted heightened investments in air defense capabilities by various countries. Air defense systems hold critical importance in conflict and wartime scenarios by securing airspace and defending against aerial threats, encompassing missiles, drones, and aircraft. As reported by the Armed Conflict Location & Event Data Project (ACLED), 2022 witnessed 174 instances of violent crises globally, notably the extensive Russian invasion of Ukraine, which drastically amplified the scale and intensity of conflict, underscoring the pressing need for robust air defense systems.

The proliferation of air-based threats is anticipated to fuel the growth of the air defense system market in the foreseeable future. Air threats encompass the risk posed by enemy aerial vehicles and ordnance, targeting vulnerabilities and posing potential harm. Air defense systems are instrumental in detecting, identifying, tracking, and neutralizing such threats before they inflict damage. With the evolution of air power, threats have expanded to encompass attack helicopters, unmanned aerial vehicles (UAVs), and various types of missiles. For example, a July 2021 report from the United Nations Assistance Mission in Afghanistan (UNAMA) highlighted that airstrikes conducted by the Afghan Air Force contributed to 8% of civilian casualties, signifying the peril posed by air-based incidents. This surge in air-based threats underscores the imperative for bolstering air defense system capabilities.

A notable trend gaining traction in the air defense systems market is the development of advanced weapon systems. Key industry players are committed to innovation, aiming to fortify their market positions through groundbreaking products. In October 2022, MBDA, a France-based missile systems manufacturer, unveiled the VL MICA NG air defense system, representing a new generation anti-air missile. This cutting-edge system boasts improved capabilities to address unconventional and emerging threats, including targets with reduced detectable infrared and radio frequency signatures. Moreover, it extends coverage to conventional targets such as aircraft, helicopters, cruise missiles, and anti-ship missiles, intercepting them at increased ranges compared to its predecessor, the VL MICA system, highlighting the industry's focus on advanced weaponry within the air defense systems market.

Prominent companies are strategically investing in entities within the air defense system market to foster the development and integration of state-of-the-art technologies. Nations and defense organizations prioritize investments in air defense systems to fortify territorial security, protect military assets, and ensure civilian safety against airborne threats such as missiles, drones, and aircraft. These corporate investments aim to cater to governments seeking advanced defense capabilities. For instance, in August 2023, the Albanese Government allocated substantial funding toward air and missile defense systems to augment the Australian Defense Force's (ADF) capabilities. A commitment of $765 million was made to implement the Joint Air Battle Management System, contributing to a comprehensive, integrated air missile defense structure. This investment aligns with the government's initiative to modernize the ADF, empowering it as a cohesive and well-equipped force primed for national defense.

In August 2023, Bharat Heavy Electricals Ltd (BHEL), an Indian nuclear power company, forged a strategic partnership with Leonardo S.p.A. This Collaboration Agreement for Air Defense Gun (ADG) and Electro-Optical Fire Control System (EOFCS) signifies a long-term commitment aimed at empowering BHEL with comprehensive capabilities encompassing the design, engineering, manufacturing, and assembly of advanced defense systems. Leonardo S.p.A, an Italy-based defense company, brings expertise to this partnership, fostering mutual advancements in the realm of air defense systems.

Major companies operating in the air defense system market report are Lockheed Martin Corporation, BAE Systems plc, Rheinmetall AG, Thales Group, Northrop Grumman Corporation, Hanwha Corporation, Leonardo SPA, L3Harris Technologies Inc., Saab AB, Israel Aerospace Industries Ltd., The Boeing Company, Aselsan AS, Airbus Defense and Space, Elbit Systems Ltd., Kongsberg Gruppen ASA, Bharat Petroleum Corp. Ltd., Gazprom Neft PJSC, BP plc, Qatar Jet Fuel Company, Allied Aviation Services Inc., Chevron Corporation, Boeing Company, TotalEnergies SE, Exxon Mobil Corp., Cobham Ltd., MBDA Missile Systems, Raytheon Technologies Corporation, Defense Research and Development Organization, Turkish Aerospace Industries Inc., Rafael Advanced Defense Systems Ltd., General Dynamics Corporation, Almaz-Antey Corporation, Mitsubishi Electric Corporation, Rostec State Corporation, Serco Group plc .

North America was the largest region in the air defense system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the air defense system market report during the forecast period. The regions covered in the air defense system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the air defense system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The air defense systems market consists of sales of ground-based air defense systems, mobile ground-based air defense systems, man-portable air defense systems, and ballistic missile defense systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.