DUBLIN--(BUSINESS WIRE)--The "Air Defense System Market by Component (Weapon System, Fire Control System, Command and Control System), Type (Missile Defense System, Anti-Aircraft System, C-Ram System), Platform (Land, Naval, Airborne), Range, Region - 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.
The increasing defense expenditures of emerging economies such as China, India, South Korea, and Turkey are expected to offer several growth opportunities for stakeholders of the air defense system market. This, combined with increasing R&D activities for the development of air defense systems with advanced radar and long range weapon systems, is expected to propel the growth of the air defense system market across the globe during the forecast period from 2017 to 2024.
However, the high costs involved in the development of advanced air defense systems and regulatory hurdles related to transfer of arms from one place to another are some of the factors restraining the growth of the air defense system market across the globe.
Based on platform, the land segment is estimated to account for the largest share of the air defense system market in 2017. The growth of this segment of the market can be attributed to the introduction of new technologies for short range, medium range, and guided missile systems. Air defense systems that are deployed on the land platform include weapons (missiles and guns), 3D radar, counter-RAM, fire command vehicles, and ready-to-fire missiles.
The Asia Pacific region is estimated to account for the largest share of the air defense system market in 2017. The Asia Pacific air defense system market is projected to grow at the highest CAGR of 6.06% during the forecast period. It is expected to be followed by the Europe air defense system market, which is projected to grow at a CAGR of 5.76% from 2017 to 2024.
Key Topics Covered:
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
- 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
- Northrop Grumman Corporation
- Raytheon Company
- Rheinmetall Ag
- Saab Ab
- Thales Group
- The Boeing Company
For more information about this report visit https://www.researchandmarkets.com/research/qwjfgf/air_defense