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Air Defense System Market Outlook: What are the Future Growth Opportunities?

Author : Ronak Bora | Published Date : 2019-04-17 

The demand for Global air defense system market is anticipated to be high for the next five years. By considering this demand we provide latest industry report which gives complete industry analysis, market outlook, size, growth and forecast till 2024. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.

Up surge in number of armed conflicts worldwide is expected to propel air defense system market. Rapid development of missiles coupled with disputes & hostilities across borders have prompted countries to focus more on their defensive strategies, that has led to increase in product demand.

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Increasing conflicts between various countries coupled with growing asymmetric warfare situations is projected to drive air defense system market. For instance, rise in global wars including, Lebanon, ISIS & Syrian civil wars, conflicts between the U.S. & North Korea and Indo-Pak conflict over Kashmir has increased the demand for such products for shield.

The product contains weapon, fire control and command & control system. Further, there are several types of air defense system that includes, missile, anti-plane and counter rocket, artillery & mortar (C-RAM). Missile segment is likely to lead the industry due to increased investments by the countries including, the U.S., France, North Korea, Russia, India, China and Iran for development of the advanced missile defense systems.

Air defense system market is available in various type including, Long range, medium range and short range. Increasing attack threats from intercontinental ballistic missiles worldwide is fueling growth of long-range segment. The development of this segment can be attributed to introduction of innovative technologies for medium & short range and guided missile systems. They can be deployed on land platform that includes 3D radar, weapons (missiles & guns), ready-to-fire missiles, fire command vehicles and counter-RAM.

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North America, dominated by the U.S. for air defense system market is likely to remain the largest industry owing to high defense spending by the U.S. government. Besides, growing involvement of the U.S. military in the middle east regions including, Iraq & Syria and rising concern over the terrorist attacks are few of the key drivers for the industry growth in the region.

Asia Pacific air defense system market is anticipated to exhibit significant growth as the countries are strengthening their defense system with continuous increment in the government spending. Hostile relations between some of the countries in Asia including, South Korea, China, India and Pakistan is the chief reason behind high investment on the product in the region.

Global air defense system market is moderately consolidated with presence of few market leaders in the industry. Some of the key players include Saab AB, Israel Aerospace Industries, Raytheon, Thales Group, Lockheed Martin Corporation, Hanwa Corporation and BAE Systems.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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