{"product_id":"air-defense-systems-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Air Defense Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eAir Defense Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003c\/p\u003e\n\u003cp\u003eThe global air defense systems market size reached US$ 44.9 Billion in 2022. Looking forward, McKinsey \u0026amp; Well expects the market to reach US$ 60.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.07% during 2023-2028.\u003c\/p\u003e\n\u003cp\u003eAir defense systems are used for detecting, intercepting, tracking, attacking, and destroying enemy aircraft or ballistic missiles. They help nullify incoming targets and protect army bases, land-based fixed assets, and mobile platforms from combat aircraft, unmanned air vehicles (UAVs), guided munition, and rockets. They are equipped with electro-optic sensors and radars, which make them ideal for several air space surveillance operations. As a result, various leading companies across the globe are focusing on the advancement of air defense systems to protect the homeland with a modern and never-fail weapon system and resist evolving ballistic missile threats.\u003c\/p\u003e\n\u003cp\u003eAir Defense Systems Market Trends:\u003cbr\u003eThe increasing geopolitical instabilities and cross-border conflicts, territorial disputes among nations, political insurgencies, and rising occurrences of aircraft warfare are among the major factors catalyzing the demand for efficient air defense systems. In addition, the rising need for upgrading old and outdated defense measures and technologies is driving the demand for advanced air defense systems. Apart from this, initiatives undertaken by governments of various countries to modernize ground troop equipment, along with increasing military budgets, are strengthening the market growth. Furthermore, the development of advanced man-portable air-defense systems (MANPADs) for intercepting fixed- and rotary-wing aircraft is offering a favorable market outlook. Additionally, manufacturers are focusing on adopting the latest software and digital technologies, like multi-location radars, power lasers, and missile warning systems, to enhance the performance and efficiency of the air defense systems for optimum protection against airborne threats. Moreover, surging investments by leading market players in research and development (R\u0026amp;D) activities to launch advanced, untraceable, autonomous, agile, and lethal weapons equipment are expected to propel the market growth.\u003c\/p\u003e\n\u003cp\u003eKey Market Segmentation:\u003cbr\u003eMcKinsey \u0026amp; Well provides an analysis of the key trends in each sub-segment of the global air defense systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, type, platform and range.\u003c\/p\u003e\n\u003cp\u003eBreakup by Component:\u003c\/p\u003e\n\u003cp\u003eWeapon System\u003cbr\u003eFire Control System\u003cbr\u003eCommand and Control System\u003cbr\u003eOthers\u003c\/p\u003e\n\u003cp\u003eBreakup by Type:\u003c\/p\u003e\n\u003cp\u003eMissile Defense Systems\u003cbr\u003eAnti-aircraft Systems\u003cbr\u003eCounter Unmanned Aerial Systems (C-UAS)\u003cbr\u003eCounter Rocket, Artillery and Mortar (C-RAM) Systems\u003c\/p\u003e\n\u003cp\u003eBreakup by Platform:\u003c\/p\u003e\n\u003cp\u003eAirborne\u003cbr\u003eLand\u003cbr\u003eNaval\u003c\/p\u003e\n\u003cp\u003eBreakup by Range:\u003c\/p\u003e\n\u003cp\u003eLong-range Air Defense System (LRAD)\u003cbr\u003eMedium-range Air Defense System (MRAD)\u003cbr\u003eShort-range Air Defense System (SHORAD)\u003c\/p\u003e\n\u003cp\u003eBreakup by Region:\u003c\/p\u003e\n\u003cp\u003eNorth America\u003cbr\u003eUnited States\u003cbr\u003eCanada\u003cbr\u003eAsia-Pacific\u003cbr\u003eChina\u003cbr\u003eJapan\u003cbr\u003eIndia\u003cbr\u003eSouth Korea\u003cbr\u003eAustralia\u003cbr\u003eIndonesia\u003cbr\u003eOthers\u003cbr\u003eEurope\u003cbr\u003eGermany\u003cbr\u003eFrance\u003cbr\u003eUnited Kingdom\u003cbr\u003eItaly\u003cbr\u003eSpain\u003cbr\u003eRussia\u003cbr\u003eOthers\u003cbr\u003eLatin America\u003cbr\u003eBrazil\u003cbr\u003eMexico\u003cbr\u003eOthers\u003cbr\u003eMiddle East and Africa\u003c\/p\u003e\n\u003cp\u003eCompetitive Landscape:\u003cbr\u003eThe competitive landscape of the industry has also been examined along with the profiles of the key players being Aselsan A.S. (Turkish Armed Forces Foundation), BAE Systems plc, Hanwha Group, Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Saab AB, Thales Group and The Boeing Company.\u003c\/p\u003e\n\u003cp\u003eKey Questions Answered in This Report:\u003c\/p\u003e\n\u003cp\u003eHow has the global air defense systems market performed so far and how will it perform in the coming years?\u003cbr\u003eWhat has been the impact of COVID-19 on the global air defense systems market?\u003cbr\u003eWhat are the key regional markets?\u003cbr\u003eWhat is the breakup of the market based on the component?\u003cbr\u003eWhat is the breakup of the market based on the type?\u003cbr\u003eWhat is the breakup of the market based on the platform?\u003cbr\u003eWhat is the breakup of the market based on the range?\u003cbr\u003eWhat are the various stages in the value chain of the industry?\u003cbr\u003eWhat are the key driving factors and challenges in the industry?\u003cbr\u003eWhat is the structure of the global air defense systems market and who are the key players?\u003cbr\u003eWhat is the degree of competition in the industry?\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"February, 2023 \/ 145 Pages \/ MCW16266131","offer_id":47699298844978,"sku":null,"price":3239.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/air-defense-systems-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}