Pune, India, March 09, 2021 (GLOBE NEWSWIRE) --
The global air defense system market is estimated to observe lucrative growth rate during the forecast period. With several countries across the world seeking to track, detect, intercept, and neutralize every kind of airborne threat from combat jets, missiles, and UAVs effectively, numerous industry leaders have been providing cutting-edge defense solutions including radars, jammers, warning systems, and decoys to protect against a wide range of threats.
The following seven factors have been aiding the expansion of the global air defense system industry outlook:
C-RAM air defense systems in Asia Pacific
The C-RAM or Counter Rocket, Artillery, and Mortar systems is poised for considerable demand through the next few years, stimulated by the efficiency of these systems in intercepting missiles at the same time, raising timely alarms for protecting the operating bases.
By 2026, the overall Asia Pacific air defense system market is expected to accrue over $13 billion, thanks to the high demand for these systems. The high firing range of over 2,000 meters offered by the new solutions such as Centurion C-RAM has been promoting the adoption of these systems.
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Rising concerns regarding aerial attacks in China
The Chinese industry for air defense systems has been prospering on account of the rising number of aerial attacks from the enemy nations. The market share from the segment is projected to grow at a 4% CAGR through 2026.
In view of the growing number of intercontinental missiles, China has been boosting its combat-preparedness. For instance, recently, in February 2021, China successfully conducted a mid-course antiballistic missile mechanical test, which is known to be the fifth land-based ABM technical test that is publicly announced by China. This demonstrates the maturity and higher reliability of the Chinese defense ministry.
Growing adoption of weapon systems in Asian countries
The countries in Asia have been embracing weapon systems such as missiles launching systems and turret systems due to the development of latest automated weapon systems including drones and missiles. The Asia Pacific air defense system industry forecast has been receiving considerable impetus from the unavoidable necessity to protect one’s nation from terrorist attacks.
The segment is expected to surge at a 3% CAGR through the forecast years, pushed by the integration of advanced technologies such as accurate target location, GPS tracking, and real-time information updates offered by industry players in their products such as UAVs and decoys.
Land-based air defense systems to see higher adoption in Europe
The land-based air defense systems are set to command a considerable market share through the forecast times, pushed by the real-time updates offered by these systems during battles. Growing at a high CAGR, the segment was estimated to hold a staggering 70% of the overall Europe air defense system market share.
Russia and Germany particularly have been aggressively focusing toward the development of advanced air defense systems through robust R&D activities. The growing deployment of land-based missiles across military and homeland security has been accelerating the expansion of the industry share in the region.
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U.K. and EU likely to collaborate as threats from China and Russia loom large
In the wake of the economic problems faced by the United Kingdom and the European Union, experts opine that the two powers are likely to unite against enemy aggression, terrorist attacks, and the mounting military pressure.
A formal agreement is anticipated between the two as the threats posed by terrorists, Moscow, and Beijing have been escalating. This collaboration might prove to be favorable for the advancement of the Europe market for air defense systems, as the unity is expected to spawn newer designs with enhanced interoperability and integration.
Requirement of latest anti-aircraft systems in North America
The deployment of anti-aircraft systems in the North American region has been rising constantly. The segment accounted for more than 86% of the total North America industry share during the past and is slated to register a significant growth rate through 2026.
These systems play a vital role along the primary line of defense, ensuring that aerial attacks are prevented. Apart from boosting their in-house production capacities, several industry players have been importing these systems from other nations, while others have been engaging in international collaborations to enhance their product offerings.
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Development of next-generation systems by the U.S.
According to recent reports, the U.S. is likely to deploy mobile short-range Avenger air defense systems for protecting its troops in Iraq and Syria. The Avenger air defense system is designed to provide optimal protection to infantry against drones, helicopters, low-flying aircrafts, and cruise missiles.
Earlier last year in January 2020, the U.S. troops in Iraq possessed no air defense systems. They were subjected to a retaliatory attack by Iran in the form of a drone strike. The development of new air defense systems has been a key focus of the military since then, fueling the North America air defense system market size. Similarly, in collaboration with Israel, the U.S. has been developing an advanced interceptor, Arrow weapon system, which is expected to be one of the first to intercept ballistic missiles.
Boeing, L3Harris, Hanwha Corporation, Rafael, General Dynamics, Lockheed Martin, Kongsberg Gruppen, General Dynamics, Northrop Grumman, BAE Systems, and Rheinmetall AG are some leading air defense system manufacturers in the international landscape.
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