Air Defense Systems Market to Surpass $55,405 Million by 2030 – Exclusive Report by Acumen Research and Consulting

Acumen Research and Consulting

Acumen Research and Consulting

Acumen Research and Consulting recently published a report titled “Air Defense Systems Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2022-2030”.

NEW YORK, April 14, 2022 (GLOBE NEWSWIRE) — That World air defense systems market will grow at a CAGR of over 5.1% during the forecast period and reach a market potential of around USD 55,405 million by 2030.

The increased use of military operational intelligence, the growing preference for innovative air defenses and military intelligence related to security breaches of sensitive government agencies, the increase in irregular war threats and conflicts, and increased spending on foreign defense agencies and surveillance platforms are just some of the key factors affecting the overall application of defense systems -drive the market. In addition, an effective defense system in any country provides support, training, and security equipment for those who want to advance democracy and the market system while dealing with potential threats. On the other hand, a superior border defense system can help states and regional groups achieve a more balanced approach that enhances national security while defending rights and eliminating possible threats and risks to those crossing the border. As a result, the defense system serves multiple purposes by helping nations balance their interests to allow cross-border movement and also to ensure security.

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In addition, the air defense system plays an important role according to the Defense Law to make contributions to the security of the state by providing the tactical air defense of its aircraft. Air defense systems are used to defend against incoming threats such as enemy combat aircraft such as jet fighters, air refueling aircraft and others, nuclear and conventional missiles, and unmanned aerial vehicles such as surveillance drones. The air defense system serves as a weapon defense system against all incoming air threats and is also used for a variety of different applications such as international air surveillance with radar systems and electro-optical sensors.

Growth aspects of the global Air Defense Systems market

Increasing military spending on advanced technologies, development of efficient and modern missiles, changing nature of military operations, and geopolitical disruptions are expected to drive the air defense systems market in the coming years. On the other hand, technological advancements in air defense system will present lucrative opportunities for the market during the forecast period. In addition, the market is extremely competitive due to the large number of market participants. Active vendors compete based on product performance, quality, and cost effectiveness. However, the limited customer base as well as the strong involvement of intergovernmental institutions are the main market factors hampering the market progress. In addition, the high cost of developing an air defense system and strict regulations can stifle market growth.

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Long-range air defense system driving the market

The emergence of political insurgencies between geographically distant nations such as Russia and China or India and China increases the possibility of long-range ballistic missile attacks. To counter such a potential threat, North America is changing its investment strategy and increasing its investments in long-range air defense systems. In a distributed architecture, the system will enable long-range area defense systems of strategic facilities against incoming attacks. However, as the demand for long-range missile threat mitigation increases, so does the demand for long-range air defense systems. Recently, Ukraine has stated that it needs a long-range ground-based air defense system far more than MiGs. The introduction of highly mobile and familiar air defense systems to Ukraine is crucial to contain and threaten Russian aircraft.

Regional overview

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the regional classification of the global Air Defense Systems Market. Due to rising military spending, Asia Pacific is expected to lead the market in terms of growth rate for the duration of the forecast timeframe. Increased investment by nations such as China, India, Taiwan and Japan in the development of advanced air defense systems to strengthen the defense systems of their active combat areas to prevent and combat threats from regional conflicts. For example, the India-Pakistan border dispute, the South China Sea conflicts, and unconventional attacks by terrorist groups like ISIS are attributed to the growth of the Asia-Pacific market. In addition, major arms exporters such as Russia, the United States and Israel see the Asia-Pacific region as the region with the greatest growth potential and are offering their air defense systems to numerous countries in the region. In addition, the United States and Russia are concentrating their efforts in the region to increase their political influence in the Asia-Pacific region.

market segmentation

The global air defense systems market has been segmented by Acumen Research and Consultancy on the basis of components, systems, applications and coverage. Based on component, the market is segmented into Weapon Systems, Fire Control Systems, and Control and Guidance Systems (C2). Based on the system, the market has been segmented into anti-aircraft systems, anti-missile systems, and counter-missile, artillery, and mortar (C-RAM) systems. Depending on the application, the market was divided into land, marine and air. Based on range, the market is segmented into short-range air defense systems, medium-range air defense systems, and long-range air defense systems.

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main actors

Some major players present in Air Defense Systems industry worldwide are Hanwha Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, Lockheed Martin Corporation, Bae Systems PLC, Thales Group, Rheinmetall AG, Kongsberg Gruppen, Aselsan AS, The Boeing Company, and Israel Aerospace Industries Ltd.

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