Dublin, Jan. 08, 2024 (GLOBE NEWSWIRE) -- The "Air and Missile Defence System Market Report 2024-2034" has been added to ResearchAndMarkets.com's offering.
World revenue for the Air and Missile Defence System Market is forecast to surpass US$63.4 billion in 2024.
Geopolitical tensions and regional conflicts significantly influence the global air and missile defence system market. Nations facing heightened security threats seek advanced defence capabilities to deter potential adversaries. For instance, South Korea's investment in the Terminal High Altitude Area defence (THAAD) system stems from the ongoing tensions with North Korea. The THAAD system provides a robust defence against ballistic missile threats, showcasing the market's responsiveness to geopolitical challenges. As nations navigate complex international relations, the demand for such defence systems continues to grow, making geopolitical factors a pivotal driver in shaping the trajectory of the air and missile defence market.
High Development and Deployment Costs of Air and Missile Defence System
The high development and deployment costs of air and missile defence systems pose significant restraining factors for their widespread adoption and implementation. These systems often require substantial financial investments in research, development, testing, and production phases, which can strain the budgets of governments and defence organisations.
The cost-intensive nature of these systems can limit their accessibility, particularly for countries with limited defence budgets. Moreover, the high deployment costs, including infrastructure setup, maintenance, and operational expenses, further add to the economic burden. These costs can deter some nations from establishing a comprehensive air and missile defence network, leaving vulnerabilities in their defence capabilities.
Forecasts to 2034 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising air and missile defence system prices and recent developments.
Market Dynamics
Market Driving Factors
- Growing Number of Conflicts Around the Globe Driving the Market Growth
- Need of Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) to Enhance Decision-Making Capabilities
- Increasing Modernization in Air and Missile Defence System
Market Restraining Factors
- Export Control and Regulatory Challenges Restrain Market Growth
- High Development and Deployment Costs of Air and Missile Defence System
- Technological Challenges and Rapid Advancements
Market Opportunities
- Increased Air Attacks Need Airborne Weapons Against a Variety of Targets
- Rising Defence Budgets Can Also Increase Number Game
- Expansion into International Market Opportunities for the Market Growth
Segments Covered in the Report
Market Segment by End-User
- Military
- Homeland Security
Market Segment by Platform
- Ground-Based Systems
- Naval-Based Systems
- Airborne Systems
Market Segment by System
- Ballistic Missile defence Systems
- Anti-Aircraft defence Systems
- Anti-Ship Missile defence Systems
- Other System
Market Segment by Technology
- Radar Systems
- Command and Control Systems
- Missile Interceptor Technologies
- Electronic Warfare Systems
- Other Technologies
Market Segment by Type
- Ground-Based Midcourse defence (GMD)
- Counter-rocket, artillery, and mortar (C-RAM) Systems
- Surface-to-Air Missile (SAM) Systems
- Close-In Weapon Systems (CIWS)
- Terminal High Altitude Area defence (THAAD)
- Other Types
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets.
The report also includes profiles and for some of the following leading companies:
- BAE Systems
- Elbit Systems
- General Dynamics
- Israel Aerospace Industries
- Kongsberg Gruppen
- L3Harris Technologies
- Leonardo
- Lockheed Martin
- MBDA
- Mitsubishi Heavy Industries, Ltd
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- Saab AB
- Thales Group
In summary, the report provides you with the following knowledge:
- Revenue forecasts to 2034 for Air and Missile Defence System Market, 2024 to 2034 Market, with forecasts for end-user, platform, system, technology, and type, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2034 for four regional and 20 key national markets - See forecasts for the Air and Missile Defence System Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, Russia, China, India, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Air and Missile Defence System Market, 2024 to 2034.
For more information about this report visit https://www.researchandmarkets.com/r/onji4b
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