Global Air Defense Market: An Overview
The global air defense market report is an in-depth study of the trends, drivers, and growth forecast during 2018-2026. The market is expected to witness robust growth as rising disposable income, and increasing need for security drives defense sector around the world. Moreover, recent conflicts like the one in South China Sea are also expected to drive growth of the global air defence market in the near future. The market houses several systems including anti-aircraft systems, missile defence system, counter-RAM, and counter unmanned aerial systems. Moreover, these are also based on various platforms like sea-based, air-based, and land-based. Furthermore, short-range defence system, medium-range air defence system, and long-range defence system. The rising investment in innovation by key countries like the United States, China, Russia, France among others are expected to drive major growth for the air defence market in the near future.
Global Air Defense Market: Notable Developments
Turkey has announced that its low-altitude anti-missile air system is ready for production. The system has successfully passed field tests and the government will place order for these. The new system named Hisar-A is automated and provides a key defence capability. The missile is ready with radar, command-control, fire-control, and communication system. It is expected to provide protection against all airborne targets in the near future, thanks to its vertical launch capability. The system is capable of being mounted on a self-propelled armoured vehicle. The system also embeds 3D radar, and an electro-optic sensor suite.
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The US has announced that it will send more troops and military equipment to Saudi Arabia after the recent drone attack on the country. Saudi Arabia’s largest oil facility was attacked recently and it has led to an exacerbation of conflict between the nation and Iran. The US will be sending fighter jets as well as defense missile system to the country. The recent use of drones in the region by fringe elements also show the need for advanced defence systems to counter threats ahead of time. The growing tension in the region, and the widespread availability of drones are expected to be major concerns which will drive growth of the air defence market.
Global Air Defense Market: Drivers and Restraints
The global air defence market is expected to witness robust growth in the near future, thanks to increasing decentralization of defence in many parts of the world. Additionally, the increased investment in innovation, increasing collaborations, and rising demand for advanced technologies are expected to emerge as key trends. The growth of various futuristic possibilities like AI, 3D printing, and drones are also expected to drive more innovation and growth in the market. Technologies like 3D printing are also expected to lower costs of the weapons on one hand to increase quality. Material advancements like lightweight fibres are also expected to drive growth for the air defense market in the near future.
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Global Air Defense Market: Geographical Analysis
The global air defense market report will embed detailed study on key regions of the globe including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, North America is expected to retain its leading position in terms of total revnues during the forecast period. The rising defence expenditure, growing instability in some regions, and increased decentralization of powers are expected to drive growth for the market. Moreover, the market is also expected to register lucrative growth in Asia Pacific. Countries like China are also displaying innovative capabilities in weapons systems in the air defence market. The cost-effective weapon systems, growing investment in innovation, and regional instability are expected to drive growth.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.