Short-range Air-defense Missile System Market size is estimated to be USD 9.3 Billion in 2024 and is expected to reach USD 14.6 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
In 2022, the global short range air defense missile system market was valued at approximately $12.4 billion, with projections indicating growth to $21.1 billion by 2031, reflecting a compound annual growth rate (CAGR) of 5.6% from 2022 to 2031. North America held the largest market share, accounting for nearly 40% of the global revenue in 2021, driven by substantial defense budgets and ongoing modernization initiatives. Europe followed, supported by collaborative defense projects among European nations. The Asia Pacific region is anticipated to experience the fastest growth, with a projected CAGR of 7.1% from 2022 to 2031, due to escalating geopolitical tensions and increased defense spending in countries such as China and India. The markets expansion is fueled by the rising need for advanced air defense systems to counter evolving aerial threats, including unmanned aerial vehicles (UAVs) and precision guided munitions. Technological advancements, such as the integration of directed energy weapons and enhanced radar and sensor capabilities, present significant opportunities for market growth. Additionally, the development of mobile and man portable air defense systems offers flexible solutions for diverse combat scenarios, further driving demand across various regions.
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Lockheed Martin
BAE Systems
General Dynamics
MBDA
Rafael Advanced Defense Systems
Raytheon
Almaz-Antey
Israel Aerospace Industries
China Aerospace Science & Industry Corp
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Short-range Air-defense Missile System Market
Man-Portable Air Defense Systems (MANPADS)
Vehicle-Mounted Air Defense Systems
Fixed Site Air Defense Systems
Missiles
Launch Platforms
Command and Control Systems
Radars
Electro-optical Sensors
Infrared Seeker
Radar Seeker
Laser Seeker
Electro-Optical Seeker
Short Range (up to 10 km)
Medium Range (10 km to 50 km)
Military
Defense Contractors
Governments
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Short-range Air-defense Missile System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Short-range Air-defense Missile System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Short-range Air-defense Missile System Market, By Type
6. Global Short-range Air-defense Missile System Market, By Application
7. Global Short-range Air-defense Missile System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Short-range Air-defense Missile System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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