The Air Defense System Market - Projected to Reach USD 45.1 Billion By 2024

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Dec 27, 2017, 04:15 ET

DUBLIN, Dec. 27, 2017 /PRNewswire/ --

The "Air Defense System Market - Global Forecast to 2024" report has been added to Research and Markets' offering.

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% from 2017 to 2024. Increasing defense expenditure for the development of air and missile defense systems, changing nature of warfare, and growing geopolitical instabilities across the globe are some of the significant factors fueling the demand for air defense systems. The air defense system market has been segmented based on component, range, platform, type, and region.

Based on platform, the air defense system market has been segmented into land, naval, and airborne. The land segment is projected to lead the air defense system market in 2017 by accounting for a share of 71.6% of the market. Technological advancements taking place in short range, medium range, and guided missile systems are the factors driving the growth of the land segment of the air defense system market.

Based on range, the air defense system market has been segmented into long range air defense (LRAD) system, medium range air defense (MRAD) system, and short range air defense (SHORAD) system. The long range defense (LRAD) system segment is estimated to lead the air defense system market in 2017. Increasing attack threats from long range missile launches, asymmetric warfare, and intercontinental ballistic missiles across the globe are some of the factors fueling the growth of the long range defense (LRAD) system segment of the air defense system market.

Based on type, the air defense system market has been segmented into anti-aircraft system, missile defense system, and Counter Rocket, Artillery, and Mortar (C-RAM) system. The missile defense system segment is projected to lead the air defense system market during the forecast period.

Companies Mentioned

Aselsan A.S.
Bae Systems Plc
Hanwha Corporation
Israel Aerospace Industries Ltd.
Jsc Concern Vko ""Almaz-Antey""
Kongsberg Gruppen
Leonardo S.P.A.
Lockheed Martin Corporation
MBDA
Northrop Grumman Corporation
Raytheon Company
Rheinmetall Ag
Saab Ab
Thales Group
The Boeing Company

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Air Defense System Market, By Component

8 Air Defense System Market, By Range

9 Air Defense System Market, By Platform

10 Air Defense System Market, By Type

11 Air Defense System Market, Regional Analysis

12 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/7hplds/air_defense

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SOURCE Research and Markets