Global Air Defense System Market Outlook and Industry Forecast to 2024

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According to the new market research report 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. Increasing defense expenditure for the
development of air and missile defense systems,
changing nature of warfare, and growing
geopolitical instabilities across the globe are
some of the significant factors fueling the
demand for air defense systems. The air defense
system market has been segmented based on
component, range, platform, type, and
region. Download PDF Brochure _at_ https//www.market
sandmarkets.com/pdfdownloadNew.asp?id248518928 Ba
sed on platform, the air defense systems market
has been segmented into land, naval, and
airborne. The land segment is projected to lead
the market in 2017 by accounting for a share of
71.6 of the market. Technological advancements
taking place in short range, medium range, and
guided missile systems are the factors driving
the growth of the land segment of the
market. Based on range, the air defense system
market has been segmented into long range air
defense (LRAD) system, medium range air defense
(MRAD) system, and short range air defense
(SHORAD) system. The long range defense (LRAD)
system segment is estimated to lead the market
in 2017. Increasing attack threats from long
range missile launches, asymmetric warfare, and
intercontinental ballistic missiles across the
globe are some of the factors fueling the growth
of the long range defense (LRAD) system segment
of the market. Based on type, the air defense
system market has been segmented into
anti-aircraft system, missile defense system,
and Counter Rocket, Artillery, and Mortar (C-RAM)
system. The missile defense system segment is
projected to lead the market during the forecast
period. The air defense systems market has been
studied for North America, Europe, Asia Pacific,
the Middle East, and Rest of the World. The Asia
Pacific region is estimated to lead the market
in 2017. The Asia Pacific air defense system
market is projected to grow at the highest CAGR
during the forecast period. The growth of the
Asia Pacific market can be attributed increased
investments being made by countries such as
China, India, Japan, South Korea, Taiwan, and
Australia in the development of
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advanced air defense systems to strengthen
defense systems of their combat zones to avoid
and tackle threats arising from regional
conflicts such as India-Pakistan border
conflict, South China Sea Conflict, and
non-conventional threats from terrorist groups
such as ISIS. The huge costs incurred in the
development of advanced air defense systems are
restraining the growth of air defense system
market across the globe. Significant investments
are required at different stages of the value
chain of air defense systems (especially in the
RD, manufacturing, system integration, and
assembling stages). The products offered by
various companies operating in the market have
been listed in the report. The recent
developments section of the report includes
information on the strategies adopted by various
companies between January 2012 and August 2017
to strengthen their position in the market. Saab
AB (Sweden), Israel Aerospace Industries Ltd.
(Israel), Lockheed Martin Corporation (US), and
BAE Systems plc (UK), among others, are the
major players operating in the air defense system
market. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id248518928
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