Air Defense Systems Market Competitive Analysis and Top Profiling Forecasts Till 2025


Posted September 10, 2020 by bisrsrch

Focus on Type (Missile Defense System, Anti-Aircraft System, C-RAM, Directed Energy Weapon System), Component, Range, Platform, and Region - Analysis and Forecast, 2020-2025
 
The air defense systems market by type is segmented into missile defense system, anti-aircraft system, counter-rocket, artillery & munition (C-RAM) system, and directed energy weapon system. The missile defense system segment dominated the air defense systems market with a share of 42.50% in 2019. Its market size was estimated at $14,857.8 million in 2019 and is projected to reach $17,725.2 million by 2025, registering a CAGR of 2.52% during the forecast period 2020-2025.

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The missile defense system segment is expected to remain dominant during forecast period due to the numerous ongoing programs such as Aegis Missile Defense System, Ground-based Midcourse Defense program, and Patriot Missile Defense program. Developments related to the implementation of layered approach of multi-range missile defense system are expected to drive the market of this segment in future.

Moreover, the demand for directed energy weapon systems including high power laser weapon systems and microwave weapons is expected to witness the highest growth during the forecast period 2020-2025 owing to the integration programs of directed energy weapon systems on different platforms such as ground defense systems (main battle tank, infantry fighting vehicles, and multi-purpose armored vehicles), airborne (unmanned aerial vehicles and combat aircraft) and ship-based platforms. Additionally, the adoption of cutting-edge technologies, such as electromagnetic beam, fiber laser, solid state laser, robotics, artificial intelligence, and Internet of Battle Things (IoBT), are changing the landscape of warfare. A rise in the number of drone attacks has raised the need for an advanced weapon with the attributes of high speed, high precision, and low operation cost.

The air defense systems market, by range, includes short-range, medium-range and long-range. The medium-range segment dominated the global air defense systems market with a market share of 40% by value in 2019. Medium-range air defense systems can eliminate aerial threats from 61 to 200 kms of range. NASAMS (Norwegian Advanced Surface-to-Air Missile System), Principal Anti-Air Missile System (PAAMS), Advanced Air Defence (AAD), Arrow-1, Arrow-2, A-135 anti-ballistic missile system, S-300, and Aegis Ballistic Missile Defense System are the type of medium-range air defense systems currently present in the market. The market size of medium range air defense systems was estimated at $13,982.7 million in 2019 and is projected to reach $15,608.0 million by 2025, registering a CAGR of 1.75% during the forecast period 2020-2025. However, short-range air defense systems are expected to lead in terms of market share by 2025 by acquiring 37.20% due to emphasis given on robust implementation of short-range air defense systems by countries in future.

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The air defense systems market, by platform, includes ground-based, naval-based, and airborne. The ground-based system market dominated the global air defense systems market with a share of 58.0% by value in 2019. Ground-based platforms such as anti-aircraft tanks, ground-based surface-to-air missile defense system, anti-aircraft guns, man pads, and high-power laser weapons mounted on main battle tanks are commonly used for air defense systems. The market size of ground-based air defense systems was estimated at $20,274.9 million in 2019 and is projected to reach $24,441.1 million by 2025, registering a CAGR of 2.96% during the forecast period 2020-2025.

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Contact Email [email protected]
Issued By BIS RSRCH
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Country United States
Categories Defense , News , Technology
Tags Air Defense Systems Market , Air Defense Systems , Space , Aerospace
Last Updated September 10, 2020