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The increasing number of air-based threats is likely to encourage innovation in the production of air defence systems, boosting the market over the forecast period.

The global air defense system market is expected to grow from $29.49 billion in 2022 to $31.55 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The global air defense system market size is expected to reach $40.71 billion in 2027 at a CAGR of 6.6%.

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Global Air Defense System Market Segments Include:

• By Type: Missile Defense System, Anti-Aircraft System, Counter Rocket, Artillery And Mortar (C-RAM) System
• By Component: Weapon System, Fire Control System, Command And Control System, Other Components
• By Range: Short Range Air Defense System, Medium Range Air Defense System, Long Range Air Defense System
• By Application: Land, Naval, Airborne
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global air defense system market in 2021.

Major Market Players in the air defense system market include Lockheed Martin Corporation, BAE Systems Plc., Rheinmetall AG, Thales Group, Northrop Grumman Corporation, Hanwha Corporation, Leonardo S.P.A., L3Harris Technologies Inc.

The development of modern weapon systems is a crucial trend that is gaining traction in the market for air defence systems. Major players in the air defence industry are focusing on introducing innovative products to strengthen their market position. For example, in October 2022, MBDA, a French missile system manufacturer, released the VL MICA NG air defence system, a new generation anti-air missile. The new VL MICA NG system offers improved handling capabilities for atypical targets as well as emerging threats with infrared and radio frequency signatures that are becoming less detectable. The conventional targets already covered by the current VL MICA system, including as aircraft, helicopters, cruise missiles, and anti-ship missiles, will be able to be intercepted at higher ranges.

The Air Defense System Global Market Report 2023  provides a air defense system market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The air defense system market forecast analyzes air defense system market size, air defense system market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

To boost national security, an air defence system is a system designed to neutralise or reduce the aerial danger provided by hostile manned aircraft, unmanned aerial vehicles (UAVs), smaller drones, and missiles. Its mission is to detect, identify, and track prospective threats before engaging and destroying them before they cause harm.

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