Air-defense Missile System Market Revenue was valued at USD 35.5 Billion in 2024 and is estimated to reach USD 62.3 Billion by 2033, growing at a CAGR of 6.5% from 2026 to 2033.
In 2022, the global air defense missile system market was valued at approximately USD 36 billion, with projections indicating growth to USD 56 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. Regional analysis reveals that North America held a significant market share in 2021, accounting for 33.38% of the global air and missile defense radar market. Europe is anticipated to experience the fastest growth during the forecast period, driven by increased defense spending and efforts to modernize military capabilities. In the Asia Pacific region, countries such as China, Japan, and India are significantly increasing their defense budgets, contributing to substantial market expansion. citeturn0search11 The markets growth is propelled by escalating global geopolitical tensions and the evolving nature of modern warfare, necessitating advanced air defense systems. The proliferation of unmanned aerial vehicles (UAVs) and drones has further emphasized the need for robust defense mechanisms. Opportunities within the market are abundant, particularly in the development and deployment of medium range air defense (MRAD) systems, which offer a balance between short and long range capabilities. Additionally, the integration of advanced technologies such as artificial intelligence and 3D printing in defense systems presents avenues for innovation and market expansion. Collaborations between nations and defense contractors are also fostering the development of more sophisticated and effective air defense solutions.
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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 Air-defense Missile System Market
Surface-to-Air Missiles (SAM)
Air-to-Air Missiles (AAM)
Ballistic Missile Defense Systems
Anti-Tactical Ballistic Missile Systems (ATBM)
Inertial Navigation Systems
GPS-guided Systems
Mobile Launch Platforms
Fixed Launch Platforms
Naval Launch Platforms
Airborne Launch Platforms
Army
Navy
Air Force
Short-Range Air Defense Systems (SRAD)
Medium-Range Air Defense Systems (MRAD)
Long-Range Air Defense Systems (LRAD)
Very Long-Range Air Defense Systems (VLRAD)
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 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 Air-defense Missile System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Air-defense Missile System Market, By Type
6. Global Air-defense Missile System Market, By Application
7. Global Air-defense Missile System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Air-defense Missile System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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