Market Share of Asia-Pacific Air Defense Systems Industry
The Asia-Pacific air defense systems market is semi-consolidated, with local as well as international players providing various types of air defense systems. Some of the prominent players in the Asia-Pacific air defense systems market are Almaz-Antey Corp., IAI, RTX Corporation, Leonardo SpA, and Hanwha Systems. The market is dominated equally by international and regional air defense system manufacturers.
The market share of regional players is expected to increase in the coming years due to increased investments from governments to support local manufacturing. For instance, in India, under the Indian Ballistic Missile Defense Program, the Defence Research and Development Organization (DRDO) is indigenously developing a multi-layered ballistic missile defense system against incoming threats. To increase their presence and share in the market, the companies are also investing heavily in research and development of advanced air defense systems with better detection and countermeasure systems.
Asia-Pacific Air Defense Systems Market Leaders
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Leonardo S.p.A.
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RTX Corporation
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Hanwha Systems
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IAI
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Almaz-Antey Corp.
*Disclaimer: Major Players sorted in no particular order
