Air Defense System Market 2021 Industry Trends, Share and Size, Expected CAGR, Analysis across the Region and Globe, Opportunities and Growth till 2030

In a recent published report, Kenneth Research has updated the market report for Air Defense System Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Air Defense System Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Air Defense System Market is estimated to reach $49.5 billion by 2025; growing at a CAGR of 6.2% from 2017 to 2025. Air Defense Systems is to advance the readiness and effectiveness of air defense and other military forces, operating singly or in a Joint warfare context, through research, development, engineering, and test and evaluation of current and future air defense and related systems and technologies. Air defense is based on integration and coordinated use of airborne and/or ground based active and passive sensors, command control centers and weapons of various types.

Increasing defense expenditure for the improvement of air & missiles defense systems, and rising geopolitical instabilities worldwide are the driver propelling the growth of the market. In addition, varying nature of defense warfare have also stimulated the market growth. However, high costs investment in the advancement of air defense systems may hamper the market growth. Moreover, growing development of air and missile defense systems in developing economies, and advancement in technologies are expected to equally influence the overall growth of market during the forecast period.

Component, platform, range, type and geography are the segmentation of the global air defense system market. Component segment is classified into weapon system, fire control system, command and control system, and others. Platform segment includes airborne, land, and naval Range segment long range air defense (LRAD) system, medium range air defense (MRAD) system, and short range air defense (SHORAD) system. By type, the market is categorized into missile defense system, anti-aircraft system, and counter rocket, artillery, and mortar (C-RAM) system.

Based on geography, the global air defense system market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S. and Canada whereas Europe consists of UK, Germany, Russia, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

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Prominent players operating in the market include Saab AB, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Leonardo S.p.A., BAE Systems, Rheinmetall AG, Thales Group, Kongsberg Gruppen (KONGSBERG), Raytheon Company, and MBDA, among others.

The key takeaways from the report:
The report will provide detailed analysis of Global Air Defense System Market with respect to major segments such as component, platform, range, type and geography.

The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Air Defense System Market has been included in the report

Profile of the key players in the Global Air Defense System Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Global Air Defense System Market:
Component Segments
Weapon System
Fire Control System
Command And Control System
Platform Segments
Range Segments
Long Range Air Defense (LRAD) System
Medium Range Air Defense (MRAD) System
Type Segments
Missile Defense System
Anti-aircraft System
Counter Rocket, Artillery, and Mortar (C-RAM) System

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Geographical Segments
North America
Rest of Europe
South Korea
Rest of Asia-Pacific
South America
Middle East

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