In-depth Analysis for Air Defense System Market Growth by 2024, at a CAGR of 5.74%

Author: Sandeep Roy

According to the new market research report "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", 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% during the forecast period.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248518928

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)

Changing nature of modern warfare is one of the most important factors driving the demand for air defense systems across the globe. The nature of warfare has improved over the years with various technological advancements taking place in the defense sector, which has resulted in increased defense expenditure across the globe. The changing nature of aerial warfare across the globe has led to the acquisition of advanced air defense systems by various countries, which help them defend themselves from unwanted aerial threats.

Based on platform, the naval segment of the air defense system market is projected to grow at the highest rate during the forecast period.

Based on platform, the naval segment of the air defense system market is projected to grow at the highest CAGR between 2017 and 2024. Naval air defense capability of a ship is crucial for its survivability. Naval air defense systems offer complete protection against all types of projected and known air threats. Continuous advancements and modifications in naval air defense systems are expected to drive the growth of the naval segment of the air defense system market during the forecast period.

Based on range, the long range air defense (LRAD) system segment is estimated to account for the largest share of the air defense system market in 2017.

Based on range, the long range air defense (LRAD) system segment is estimated to account for the largest share of the air defense system market in 2017. Increase in attack threats from intercontinental ballistic missiles across the globe is fueling the growth of the long range air defense (LRAD) system segment of the air defense system market.

Based on type, the missile defense system segment is projected to lead the air defense system market during the forecast period from 2017 to 2024.

Based on type, the missile defense system segment is projected to lead the air defense system market during the forecast period. The growth of this segment of the market can be attributed to increased investments by countries such as the US, China, Iran, India, Russia, North Korea, and France for the development of advanced missile defense systems.

The Asia Pacific region is projected to lead the air defense system market during the forecast period.

The Asia Pacific region is projected to lead the air defense system market during the forecast period. Moreover, the Asia Pacific air defense system market is projected to grow at the highest CAGR from 2017 to 2024. Rising incidences of insurgencies, territorial disputes, terrorism, and unrest between neighboring nations, along with increased defense spending by emerging economies of the Asia Pacific region are the factors fueling the growth of the Asia Pacific air defense system market.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=248518928

Key Market Players

Saab AB (Sweden), Israel Aerospace Industries Ltd. (Israel), Lockheed Martin Corporation (US), and BAE Systems plc (UK), among others, are the major players operating in the air defense system market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: Newsletter@marketsandmarkets.com