Air Defence Systems Market Outlook
According to a new report by Expert Market Research titled, “Air Defence Systems Market Growth, Share, Analysis, Report and Forecast 2023-2028″, is projected to grow at a CAGR of 6.80% between 2023 and 2028. Aided by the rising need for advanced defence systems and the broadening applications of air defence technology in numerous military operations, the market is expected to grow significantly by 2028.
Air defence systems consist of advanced radar, missile, and command & control technology designed to detect, track, and neutralise airborne threats. They are essential for maintaining the territorial integrity of countries, assisting in military operations, and ensuring general national security. Air defence systems have found use in missions such as space exploration, communications, and surveillance in addition to their typical defence uses.
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The increasing focus on strengthening defence capabilities is a primary driver of the global air defence systems market growth. As geopolitical tensions escalate and military conflicts become increasingly sophisticated, there has been a substantial shift towards more advanced and automated air defence systems. This shift has led to a surge in demand for cutting-edge technology and products within the sector.
Moreover, technological advancements have led to the development of more efficient, accurate, and adaptable air defence systems, further fuelling the air defence systems market demand. The incorporation of artificial intelligence (AI), machine learning, and other advanced technologies have allowed for the creation of smarter, more responsive defence systems, capable of handling a wider array of threats with increased precision.
The expanding applications of air defence systems in diverse operations also significantly contribute to the air defence systems market expansion. These systems serve a variety of military activities, including communication, surveillance, and reconnaissance, moving beyond traditional air defence. Satellites and other celestial bodies can now be detected and tracked using air defence technologies in space.
Further, the growing need for defence against unmanned aerial vehicles (UAVs) or drones has led to an increased focus on air defence systems as a viable countermeasure. With the rise of drone technology and its growing military applications, air defence systems have emerged as a critical tool in neutralising drone threats, thereby propelling the air defence systems market.
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Air Defence Systems Market Segmentation
The market can be divided based on system, platform, type, range, and region.
Market Breakup by System
- Missile Defence Systems
- Anti-aircraft Systems
- Counter Unmanned Aerial Systems (C-UAS)
Market Breakup by Platform
Market Breakup by Type
- Threat Detection
Market Breakup by Range
- Long range
- Medium range
- Short range
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global air defence systems companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Raytheon Technologies Corporation
- Rheinmetall AG
- Thales Group
- Lockheed Martin Corporation
- Saab AB
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