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Short Range Air Defense Systems Market by Type (Missile Defense System, Anti-Aircraft System, Counter Rocket, Artillery, and Mortar (C-RAM) System), Platform (Airborne, Land and Naval), and Component (Weapon System, Fire Control System, Command and Control System and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A09346 | Pages: NA | Aug 2021 | 538 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
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Request Now !Short Range Air Defense Systems Market Outlook – 2027
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.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Platform, Component, and Region |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
Companies covered | BAE Systems., Leonardo S.p.A., Saab AB, IAI, Lockheed Martin Corporation, Rheinmetall AG, Thales Group, Raytheon Technologies Corporation, MBDA, KONGSBERG, Northrop Grumman Corporation., and ASELSAN A.Ş. |
COVID-19 Scenario analysis:
- Due to COVID-19 situation, the research & development in short-range air defense systems has been hampered due to the declared lockdowns and government restrictions on public gatherings.
- Slowing sign in economies of several countries has been observed due to COVID-19 effect, which may limit governments investment in the defense projects. Such reduction in investment will directly affect growth in the short-range air defense system market.
- Travel restrictions and reduction in military activities due to COVID-19 has also adversely effected growth of rocket propulsion market, as demand of supportive weapons such as short-range missiles are also affected.
- Demand may rise extensively in global short-range air defense systems market in upcoming quarter as industry’s production has started to get momentum after tough phase of COVID-19.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Increase in defense expenditure for the development of air defense systems, rise in procurements of air defense systems, changing nature of warfare, and growing geopolitical instabilities across the globe are some of the major factors that drive the growth of the global short-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 market growth. On the contrary, technological advancements in the short-range air defense systems will further fuel the growth of global short-range air defense systems market.
Growth in geopolitical instabilities
Geopolitical disputes are rising over several issues between countries. For instance, USA & China relation gets deteriorated over COVID-19, trade war, and other issues. Similarly, Russia’s relation with European Union was negatively impacted after Russia captured Crimea. Such disputes have raised countries concern over safety of their land, which has generated demand of short-range air defense systems as such systems have the capability to destroy the aerial target with high accuracy in short range. Hence, growing geopolitical instabilities is driving the growth of short-range air defense systems market.
Key segments covered:
Segments | Sub-segments |
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Key benefits of the report:
- This study presents the analytical depiction of the short-range air defense systems industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global short-range air defense systems market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global short-range air defense systems market growth scenario.
- Porter’s five forces analysis illustrates the potency of the buyers & suppliers in the market.
- The report provides a detailed global short-range air defense systems market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the short-range air defense systems market research report:
- Which are the leading market players active in the short-range air defense systems market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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