Portland, OR, Jan. 16, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global short range air defense system market was estimated at $12.4 billion in 2021 and is expected to hit $21.1 billion by 2031, registering a CAGR of 5.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
Download Sample Report - https://www.alliedmarketresearch.com/request-sample/9711
Report Coverage & Details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $12.4 Billion |
| Market Size in 2031 | $21.1 Billion |
| CAGR | 5.6% |
| No. of Pages in Report | 220 |
| Segments Covered | Component, Type, Platform, and Region. |
| Drivers | Rise in conflicts and war-like situations across different parts of the world |
| Increase in safety measures toward national assets and citizens against threats such as drones and missile attacks | |
| Restraints | Several budget constraints |
| Less contribution from the government in underdeveloped countries | |
| Opportunities | Surge in the deployment of air defense systems for protection from air attacks |
Covid-19 scenario-
- Several trade restrictions, revenue crisis, and raw material scarcity were the major factors that had a negative impact on the global short range air defense system market.
- Many organizations postponed their ADS-related projects and programs, which aggravated the scenario even more. However, the market has now recovered at a slow and steady pace.
The global short range air defense system market is analyzed across component, type, platform, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By component, the weapon system segment held the largest share in 2021, garnering nearly two-fifths of the global short range air defense system market revenue, and is projected to maintain its dominance by 2031. The common and control system segment, on the other hand, would showcase the fastest CAGR of 6.7% during the forecast period.
By type, the missile defense system segment contributed to around two-fifths of the global short range air defense system market share in 2021, and is projected to rule the roost by 2031. The Counter Rocket, Artillery, and Mortar (C-RAM) system segment, however, would display the fastest CAGR of 6.6% throughout the forecast period.
Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/9711
By platform, the vehicle mounted segment accounted for the highest share in 2021, generating nearly three-fifths of the global short range air defense system market revenue. The same segment would also portray the fastest CAGR of 6.0% during the forecast period.
By region, North America held the major share in 2021, garnering nearly two-fifths of the global short range air defense system market revenue. Asia-Pacific, on the other hand, would showcase the fastest CAGR of 7.1% from 2022 to 2031.
The key market players analyzed in the global short range air defense system market report include Airbus, General Dynamics Corporation, Thales, Northrop Grumman Corporation, Systems plc, Boeing Company, Lockheed Martin Corporation, Elbit Systems Ltd., L3Harris Technologies, Inc., and Raytheon Technologies Corporation. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
Buy Complete Report Now - https://bit.ly/3WhgVhw
Similar Reports We Have on Military Industry:
Air Defense Systems Market to Reach $78.2 Billion by 2031
Long Range Air Defense Systems Market Research Report 2023-2035
Air-to-air Refueling Market Research Report 2023-2035
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
