Global Air Defence System Industry was valued at USD 30.40 Billion in the year 2017. Global Air Defence System Industry is further estimated to grow at a CAGR of 6.70% from 2018 to reach USD 91.14 billion by the year 2025. Asia-Pacific region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the foretasted period. At a country level China, Japan and India are projected to grow at a strongly in the coming years. Due to conflicts between nations and growing terrorism.
Major market players in Air Defence System Industry are Key Industry Players Thales Group,
BAE Systems PLC, Saab AB, Lockheed Martin Corporation, Boeing, Israel Aerospace Industries Ltd., Leonardo S.P.A., Hanwha Corporation, Northrop Grumman Corporation, Rheinmetall AG, MBDA, Aselsan A.S., and other 13 more companies detailed information is provided in research report. Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT analysis of Air Defence System Industry:
Rising instability between various nations across the globe
Implementation of technology in Air Defence system
Higher cost and timely maintenance
The major shares of the Industry come from Land type in Global Air Defence System Industry. On the other hand, Long Range Air Defence (LRAD) System, by Component for this Industry is expected to grow at highest CAGR during the year 2018-2025.
Air Defence System Industry Segmentation:
Command and Control System
Fire Control System
Electro-Optic Sensor and Laser Range Finder
Air Defence Radar
Short Range Air Defence (ShoRAD) System
Medium Range Air Defence (MRAD) System
Long Range Air Defence (LRAD) System
Artillery, Mortar System, Counter Rocket
Missile Defence System
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa