Market Size of Asia-Pacific Air Defense Systems Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.42 Billion |
| Market Size (2029) | USD 6.09 Billion |
| CAGR (2024 - 2029) | 6.59 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Air Defense Systems Market Analysis
The Asia-Pacific Air Defense Systems Market size is estimated at USD 4.42 billion in 2024, and is expected to reach USD 6.09 billion by 2029, growing at a CAGR of 6.59% during the forecast period (2024-2029).
The nature of air-based warfare has changed in recent years with the advent of more lethal, agile, and untraceable threats having autonomous capabilities. As threats increase, various countries across the globe are compelled to safeguard their territories from potential adversaries at any cost, due to which the emphasis on enhancing air defense capabilities has increased. The increasing geopolitical conflicts and border tensions between the neighboring countries in the region are forcing them to increase their military expenditure. This increase in military expenditure is propelling investments into air defense systems, which is generating demand for the air defense systems market in the Asia-Pacific region.
With advancements in technology, such as the development of advanced threats like hypersonic missiles, there is a growing need for better air defense systems. Due to this growing requirement, companies are developing advanced threat detection systems and countermeasures systems to counter UAVs, aircraft, missiles and rockets, artillery, and mortar threats. However, the inherently high R&D costs and the longer development cycle restrain the growth of the market studied as they expose the market players to global macro-economic uncertainties.
Asia-Pacific Air Defense Systems Industry Segmentation
Air defense systems include all the radars and interceptors used by air, land, and sea platforms to detect and destroy incoming threats of missiles (ballistic and cruise), aircraft, UAVs, rockets, artillery, and mortars. MANPADs, pedestal-mounted MANPADs, and remote weapon stations that can defend against incoming airborne threats, automatically tracking, targeting, and firing, are also included in the study.
The Asia-Pacific air defense systems market is segmented by platform, range, and geography. By platform, the market is segmented into land-based, air-based, and sea-based. By range, the market is segmented into long-range, medium-range, and short-range. The report also offers the market size and forecasts for five countries across the region. The report offers the market size in value terms in USD for all the abovementioned segments
| Platform | |
| Land-based | |
| Air-based | |
| Sea-based |
| Range | |
| Long-range | |
| Medium-range | |
| Short-range |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Australia | |
| Rest of Asia-Pacific |
Asia-Pacific Air Defense Systems Market Size Summary
The Asia-Pacific air defense systems market is experiencing significant growth, driven by the evolving nature of air-based warfare and increasing geopolitical tensions in the region. As countries face more sophisticated and autonomous threats, there is a heightened emphasis on enhancing air defense capabilities. This has led to increased military expenditure, particularly in nations such as China, India, Japan, and South Korea, which are investing heavily in advanced air defense systems to safeguard their territories. The demand for these systems is further propelled by technological advancements, including the development of hypersonic missiles and advanced threat detection systems, which are essential for countering a wide range of aerial threats.
The market is characterized by a semi-consolidated structure, with both local and international players actively participating. Prominent companies such as Almaz-Antey Corp., IAI, RTX Corporation, Leonardo SpA, and Hanwha Systems are key contributors to the market. The dominance of the land segment is expected to continue, supported by initiatives like India's indigenously developed ballistic missile defense system and Taiwan's mass production of the TC-2 air defense system. China's substantial military spending, guided by its strategic five-year plan, is driving the development of advanced weapon systems, including high-energy laser weapons. These developments, along with increased investments in local manufacturing, are anticipated to bolster the market's growth during the forecast period.
Asia-Pacific Air Defense Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Platform
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2.1.1 Land-based
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2.1.2 Air-based
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2.1.3 Sea-based
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2.2 Range
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2.2.1 Long-range
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2.2.2 Medium-range
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2.2.3 Short-range
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2.3 Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 South Korea
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2.3.5 Australia
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2.3.6 Rest of Asia-Pacific
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Asia-Pacific Air Defense Systems Market Size FAQs
How big is the Asia-Pacific Air Defense Systems Market?
The Asia-Pacific Air Defense Systems Market size is expected to reach USD 4.42 billion in 2024 and grow at a CAGR of 6.59% to reach USD 6.09 billion by 2029.
What is the current Asia-Pacific Air Defense Systems Market size?
In 2024, the Asia-Pacific Air Defense Systems Market size is expected to reach USD 4.42 billion.
