Report Code: A09330 | Pages: NA | Mar 2023 | 2714 Views | ||
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Request Now !The nature of modern warfare has changed with the arrival of more lethal, stealthy, and agile threats. Such change in nature of warfare has enabled countries to invest in defensive expenditure, which has resulted in the development of various air defense systems. Air defense systems are used to take defensive measures to nullify incoming targets such as enemy’s aircraft (fighter jets, air refuelers, and others), missiles (both nuclear & conventional), and unmanned aerial vehicles. The air defense system acts as a anti weapon system for all incoming air threats and is also used for several operations including air space surveillance with the help of its radars & electro-optic sensors. At present, major companies across the globe are investing heavily in the advancement of air defense systems. For instance, in 2018, Lockheed Martin (an aerospace & defense company, headquartered in Washington U.S.A) invested 1.3 billion USD in research & development of air defense systems.
Increase in defense expenditure for the development of air defense systems, rise in procurements of long-range air defense systems, changing nature of warfare, and growth in geopolitical instabilities across the globe are some of the major factors that drive the growth of the global long-range air defense systems market. However, high costs involved in the development of air defense systems and international policies regarding transfer of weapons are restraining the growth of the long-range air defense systems market. On the contrary, technological advancement in the air defense systems is expected to contribute further in the growth of the global long-range air defense systems market.
Due to rise in regional conflicts between countries & for security needs, several countries are procuring advance air defense systems for their defense forces. For instance, in July 2019, Turkey has started receiving parts of air defense system, named S-400 from Russia. Moreover, India is expected to start receiving S-400 systems from end of 2021, which is the part of India’s 5.43 billion USD deal with Russia for the 5 S-400 regiments. This S-400 system is a long-range air defense system that has capability of engaging & destroying incoming aerial targets at 400 Km distance. Hence, the demand for such long-range air defense system is increasing; thus, driving the growth of the global long-range air defense systems market.
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