Air defense systems include land, aerial, and marine-based technologies used by the defense forces to guard against a variety of missiles, including cruise and ballistic missiles. Amid rise in conflicts and war-like situations across different parts of the world, the demand for air defense systems have grown at a significant rate. Air defense systems ensure the safety of national assets and citizens against missile attacks. With the introduction of more lethal, covert, and nimble enemies, the character of modern warfare has evolved. As the nature of warfare has changed, countries tend to invest in defensive spending; this has resulted in the development of numerous air defense systems. Currently, large defense corporations globally are substantially investing on the development of missile defense systems.
Growth of the air defense system market is driven by factors such as increase in cross border conflicts, technological advancement in weapon system, usage of new age weapons such as drone, and increasing defense budget expenditure are primary factors supporting the market growth. The global defense expenditure has seen exponential growth in recent years. According to Stockholm International Peace Research Institute (SIPRI), global defense spending reached $1,981 billion in 2020 with a 2.6% year-on-year increase. The military expenditure accounted for 2.4% of the global gross domestic product (GDP) in 2020. Thus, increase in global military expenditure has augmented the adoption of efficient missile defense systems, including the U. S. ’s Terminal High Altitude Area Defense (THAAD), Israel’s Iron Dome, and Russia’s S-400.
The air defense system market is segmented on the basis of component, range, platform, type, and region. The component segment is divided into weapon system, fire control system, command and control system, and others. The range segment is divided into short range air defense system, medium range air defense system, and long range air defense system. The platform segment includes ground, naval, and airborne. The market within the type segment is divided into missile defense system, anti-aircraft, and counter rocket, artillery, and mortar system. By region, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA
Companies have adopted product development and product launch as their key development strategies in the air defnse system industry. Moreover, collaborations and acquisitions are expected to enable leading players to enhance their product portfolios and expand into different regions. The key players operating in the market are Saab AB, Lockheed Martin Corporation, BAE Systems PLC, Rheinmetall AG, Thales Group, Kongsberg Gruppen, Raytheon Technologies, MBDA, Northrop Grumman Corporation, Boeing, Hanwha Corporation, Leonardo S. P. A., Airbus Defense and Space, Aselsan A. S., Elbit Systems, and General Dynamics.
Growth of the air defense system market is driven by factors such as increase in cross border conflicts, technological advancement in weapon system, usage of new age weapons such as drone, and increasing defense budget expenditure are primary factors supporting the market growth. The global defense expenditure has seen exponential growth in recent years. According to Stockholm International Peace Research Institute (SIPRI), global defense spending reached $1,981 billion in 2020 with a 2.6% year-on-year increase. The military expenditure accounted for 2.4% of the global gross domestic product (GDP) in 2020. Thus, increase in global military expenditure has augmented the adoption of efficient missile defense systems, including the U. S. ’s Terminal High Altitude Area Defense (THAAD), Israel’s Iron Dome, and Russia’s S-400.
The air defense system market is segmented on the basis of component, range, platform, type, and region. The component segment is divided into weapon system, fire control system, command and control system, and others. The range segment is divided into short range air defense system, medium range air defense system, and long range air defense system. The platform segment includes ground, naval, and airborne. The market within the type segment is divided into missile defense system, anti-aircraft, and counter rocket, artillery, and mortar system. By region, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA
Companies have adopted product development and product launch as their key development strategies in the air defnse system industry. Moreover, collaborations and acquisitions are expected to enable leading players to enhance their product portfolios and expand into different regions. The key players operating in the market are Saab AB, Lockheed Martin Corporation, BAE Systems PLC, Rheinmetall AG, Thales Group, Kongsberg Gruppen, Raytheon Technologies, MBDA, Northrop Grumman Corporation, Boeing, Hanwha Corporation, Leonardo S. P. A., Airbus Defense and Space, Aselsan A. S., Elbit Systems, and General Dynamics.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the air defense systems market analysis from 2021 to 2031 to identify the prevailing air defense systems market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the air defense systems market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global air defense systems market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Anti-Aircraft
- Counter Rocket, Artillery, and Mortar System
- Missile Defense System
By Component
- Weapon System
- Fire Control System
- Command and Control System
- Others
By Range
- Short Range Air Defense System
- Medium Range Air Defense System
- Long Range Air Defense System
By Platform
- Ground
- Airborne
- Naval
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Italy
- Spain
- Rest Of Europe
- Asia-Pacific
- South Korea
- Rest Of Asia-Pacific
- China
- India
- Japa
- Australia
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Lockheed Martin Corporation
- BAE Systems PLC
- Rheinmetall AG
- Thales Group
- Kongsberg Gruppen
- Raytheon Technologies
- MBDA
- Northrop Grumman Corporation
- Boeing
- Hanwha Corporation
- Leonardo S. P. A.
- Airbus Defense and Space
- Elbit Systems
- General Dynamics
- L3Harris Technologies
- Saab AB
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: AIR DEFENSE SYSTEMS MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Weapon System
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Fire Control System
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Command and Control System
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: AIR DEFENSE SYSTEMS MARKET, BY RANGE
5.1 Overview
5.1.1 Market size and forecast
5.2 Short Range Air Defense System
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Medium Range Air Defense System
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Long Range Air Defense System
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: AIR DEFENSE SYSTEMS MARKET, BY PLATFORM
6.1 Overview
6.1.1 Market size and forecast
6.2 Ground
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Airborne
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Naval
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: AIR DEFENSE SYSTEMS MARKET, BY TYPE
7.1 Overview
7.1.1 Market size and forecast
7.2 Missile Defense System
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Anti-Aircraft
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Counter Rocket, Artillery, and Mortar System
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
CHAPTER 8: AIR DEFENSE SYSTEMS MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Component
8.2.3 North America Market size and forecast, by Range
8.2.4 North America Market size and forecast, by Platform
8.2.5 North America Market size and forecast, by Type
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Component
8.2.6.1.2 Market size and forecast, by Range
8.2.6.1.3 Market size and forecast, by Platform
8.2.6.1.4 Market size and forecast, by Type
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Component
8.2.6.2.2 Market size and forecast, by Range
8.2.6.2.3 Market size and forecast, by Platform
8.2.6.2.4 Market size and forecast, by Type
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Component
8.2.6.3.2 Market size and forecast, by Range
8.2.6.3.3 Market size and forecast, by Platform
8.2.6.3.4 Market size and forecast, by Type
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Component
8.3.3 Europe Market size and forecast, by Range
8.3.4 Europe Market size and forecast, by Platform
8.3.5 Europe Market size and forecast, by Type
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Market size and forecast, by Component
8.3.6.1.2 Market size and forecast, by Range
8.3.6.1.3 Market size and forecast, by Platform
8.3.6.1.4 Market size and forecast, by Type
8.3.6.2 Germany
8.3.6.2.1 Market size and forecast, by Component
8.3.6.2.2 Market size and forecast, by Range
8.3.6.2.3 Market size and forecast, by Platform
8.3.6.2.4 Market size and forecast, by Type
8.3.6.3 France
8.3.6.3.1 Market size and forecast, by Component
8.3.6.3.2 Market size and forecast, by Range
8.3.6.3.3 Market size and forecast, by Platform
8.3.6.3.4 Market size and forecast, by Type
8.3.6.4 Russia
8.3.6.4.1 Market size and forecast, by Component
8.3.6.4.2 Market size and forecast, by Range
8.3.6.4.3 Market size and forecast, by Platform
8.3.6.4.4 Market size and forecast, by Type
8.3.6.5 Italy
8.3.6.5.1 Market size and forecast, by Component
8.3.6.5.2 Market size and forecast, by Range
8.3.6.5.3 Market size and forecast, by Platform
8.3.6.5.4 Market size and forecast, by Type
8.3.6.6 Spain
8.3.6.6.1 Market size and forecast, by Component
8.3.6.6.2 Market size and forecast, by Range
8.3.6.6.3 Market size and forecast, by Platform
8.3.6.6.4 Market size and forecast, by Type
8.3.6.7 Rest of Europe
8.3.6.7.1 Market size and forecast, by Component
8.3.6.7.2 Market size and forecast, by Range
8.3.6.7.3 Market size and forecast, by Platform
8.3.6.7.4 Market size and forecast, by Type
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Component
8.4.3 Asia-Pacific Market size and forecast, by Range
8.4.4 Asia-Pacific Market size and forecast, by Platform
8.4.5 Asia-Pacific Market size and forecast, by Type
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Component
8.4.6.1.2 Market size and forecast, by Range
8.4.6.1.3 Market size and forecast, by Platform
8.4.6.1.4 Market size and forecast, by Type
8.4.6.2 India
8.4.6.2.1 Market size and forecast, by Component
8.4.6.2.2 Market size and forecast, by Range
8.4.6.2.3 Market size and forecast, by Platform
8.4.6.2.4 Market size and forecast, by Type
8.4.6.3 Japa
8.4.6.3.1 Market size and forecast, by Component
8.4.6.3.2 Market size and forecast, by Range
8.4.6.3.3 Market size and forecast, by Platform
8.4.6.3.4 Market size and forecast, by Type
8.4.6.4 Australia
8.4.6.4.1 Market size and forecast, by Component
8.4.6.4.2 Market size and forecast, by Range
8.4.6.4.3 Market size and forecast, by Platform
8.4.6.4.4 Market size and forecast, by Type
8.4.6.5 South Korea
8.4.6.5.1 Market size and forecast, by Component
8.4.6.5.2 Market size and forecast, by Range
8.4.6.5.3 Market size and forecast, by Platform
8.4.6.5.4 Market size and forecast, by Type
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Market size and forecast, by Component
8.4.6.6.2 Market size and forecast, by Range
8.4.6.6.3 Market size and forecast, by Platform
8.4.6.6.4 Market size and forecast, by Type
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Component
8.5.3 LAMEA Market size and forecast, by Range
8.5.4 LAMEA Market size and forecast, by Platform
8.5.5 LAMEA Market size and forecast, by Type
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Market size and forecast, by Component
8.5.6.1.2 Market size and forecast, by Range
8.5.6.1.3 Market size and forecast, by Platform
8.5.6.1.4 Market size and forecast, by Type
8.5.6.2 Middle East
8.5.6.2.1 Market size and forecast, by Component
8.5.6.2.2 Market size and forecast, by Range
8.5.6.2.3 Market size and forecast, by Platform
8.5.6.2.4 Market size and forecast, by Type
8.5.6.3 Africa
8.5.6.3.1 Market size and forecast, by Component
8.5.6.3.2 Market size and forecast, by Range
8.5.6.3.3 Market size and forecast, by Platform
8.5.6.3.4 Market size and forecast, by Type
CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments
CHAPTER 10: COMPANY PROFILES
10.1 Saab AB
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Lockheed Martin Corporation
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 BAE Systems PLC
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Rheinmetall AG
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Thales Group
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Kongsberg Gruppen
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Raytheon Technologies
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 MBDA
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Northrop Grumman Corporation
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Boeing
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Hanwha Corporation
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 Leonardo S. P. A.
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
10.13 Airbus Defense and Space
10.13.1 Company overview
10.13.2 Company snapshot
10.13.3 Operating business segments
10.13.4 Product portfolio
10.13.5 Business performance
10.13.6 Key strategic moves and developments
10.14 Elbit Systems
10.14.1 Company overview
10.14.2 Company snapshot
10.14.3 Operating business segments
10.14.4 Product portfolio
10.14.5 Business performance
10.14.6 Key strategic moves and developments
10.15 General Dynamics
10.15.1 Company overview
10.15.2 Company snapshot
10.15.3 Operating business segments
10.15.4 Product portfolio
10.15.5 Business performance
10.15.6 Key strategic moves and developments
10.16 L3Harris Technologies
10.16.1 Company overview
10.16.2 Company snapshot
10.16.3 Operating business segments
10.16.4 Product portfolio
10.16.5 Business performance
10.16.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Air Defense Systems Market,' the air defense systems market was valued at $46.2 billion in 2021, and is estimated to reach $78.2 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.Asia Pacific dominated the air defense system market in terms of growth, followed by North America, Europe, and LAMEA. The U.S. dominated the market share in 2021.
The air defense system market is expected to witness a significant growth rate owning to increase in defense budgets of nations across the globe and rising concerns of nations to protect themselves from conventional and modern threats. While the deployment of air defense systems is costly and requires large capital spending for its integration in a variety of platforms, increase in defense expenditure facilitates the implementation of expensive yet necessary missile defense system technologies. Furthermore, advancements of weapons and attacking capabilities globally have created the demand for modernization and installation of sophisticated defense technologies by governments to prevent threats and offensive attacks from foreign countries. Hence, increase in defense expenditure is expected to open new avenues for the growth of the air defense system market during the forecast period.
Also, adoption of internet of things (IoT) within the air defense system market is expected to change the business dynamics during the forecast period. One of the popular air defense systems is the Iron Dome. It is an artificial intelligence (AI)-powered anti-missile system that is reportedly 90% effective. The Iron Dome employs artificial intelligence to decide if the approaching wave of short-range rockets and missiles will strike the common people or the state's important assets. Unmanned Aerial Vehicles (UAVs), guided missiles, and cruise missiles are among the threats that the AI system identifies, analyzes, and ultimately obstructs. In addition, AI and machine learning (ML) could also be useful in analyzing a vast amount of missile testing-data. A typical testing of ground-based midcourse defense generates terabytes of data. Using AI can ease the processing of data and provide vital insights to improve the functioning of the missile defense system.
To fulfill the changing demand scenarios, market participants are concentrating on product launches to offer a diverse range of products and meet new business opportunities. In addition, market participants are continuously focusing on contracts and partnership efforts to match changing end-user requirements and improve the growth of the air defense system market.
The air defense system market is segmented on the basis of component, range, platform, type, and region. The component segment is divided into weapon system, fire control system, command and control system, and others. The range segment is divided into short range air defense system, medium range air defense system, and long range air defense system. The platform segment includes ground, naval, and airborne. The market within the type segment is divided into missile defense system, anti-aircraft, and counter rocket, artillery, and mortar system. By region, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA
Factors such as increase in cross border conflicts, technological advancement in weapon system, usage of new age weapons such as drone, and increasing defense budget expenditure are primary factors supporting the market growth. The global defense expenditure has seen exponential growth in recent years. According to Stockholm International Peace Research Institute (SIPRI), global defense spending reached $1,981 billion in 2020 with a 2.6% year-on-year increase. The military expenditure accounted for 2.4% of the global gross domestic product (GDP) in 2020. Thus, increase in global military expenditure has augmented the adoption of efficient missile defense systems, including the U.S.’s Terminal High Altitude Area Defense (THAAD), Israel’s Iron Dome, and Russia’s S-400.
KEY FINDINGS OF THE STUDY
By component, the weapon system segment leads the market during the forecast periodBy range, the medium range segment leads the market during the forecast period
By platform, the airborne segment is expected to grow at lucrative growth rate during the forecast period (2022-2031
By type, the missile defense system segment leads the market during the forecast period.
Asia Pacific dominated the air defense system market in terms of growth, followed by North America, Europe, and LAMEA.'
The key players operating in the air defense system market are Saab AB, Lockheed Martin Corporation, BAE Systems PLC, Rheinmetall AG, Thales Group, Kongsberg Gruppen, Raytheon Technologies, MBDA, Northrop Grumman Corporation, Boeing, Hanwha Corporation, Leonardo S.P.A., Airbus Defense and Space, Aselsan A.S., Elbit Systems, and General Dynamics.
Companies Mentioned
- Lockheed Martin Corporation
- Bae Systems PLC
- Rheinmetall AG
- Thales Group
- Kongsberg Gruppen
- Raytheon Technologies
- Mbda
- Northrop Grumman Corporation
- Boeing
- Hanwha Corporation
- Leonardo S.P.A.
- Airbus Defense and Space
- Elbit Systems
- General Dynamics
- L3Harris Technologies
- Saab Ab
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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