How big is the Europe Air Defense Systems Market?

The Europe Air Defense Systems Market size is expected to reach USD 11.35 billion in 2024 and grow at a CAGR of 4.83% to reach USD 14.37 billion by 2029. Read More

What is the current Europe Air Defense Systems Market size?

In 2024, the Europe Air Defense Systems Market size is expected to reach USD 11.35 billion. Read More

Who are the key players in Europe Air Defense Systems Market?

Rheinmetall AG, Lockheed Martin Corporation, THALES, RTX Corporation and Kongsberg Gruppen ASA are the major companies operating in the Europe Air Defense Systems Market. Read More

What years does this Europe Air Defense Systems Market cover, and what was the market size in 2023?

In 2023, the Europe Air Defense Systems Market size was estimated at USD 10.80 billion. The report covers the Europe Air Defense Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Air Defense Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Air Defense Systems Market Size & Share Analysis - Industry Research Report

Europe Air Defense Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Europe Air Defense Systems Market Report is Segmented by Platform (Air-Based, Sea-Based, and Land-Based), and Geography (United Kingdom, France, Germany, Italy, Russia, and the Rest of Europe). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Europe Air Defense Systems Industry Overview

The Europe air defense systems market is semi-consolidated and marked by the presence of prominent players such as RTX Corporation, Rheinmetall AG, THALES, Lockheed Martin Corporation, and Kongsberg Gruppen ASA, among others.

The market is witnessing a significant investment in research and development of advanced air-defense systems from several countries across Europe. The air-defense systems manufacturers are collaborating, forming joint ventures for the sharing of technology and expertise, which will help them develop sophisticated systems in the future, which, in turn, will help them attract new customers and increase their market presence and share in the region during the forecast period.

For instance, in January 2024, Germany sanctioned USD 1.33 billion for the development of prototypes of an air defense system designed for close and immediate area protection, utilizing the Boxer IFV as its foundation. The envisioned air defense system includes essential components such as a command post, fire control tanks, radar devices, and anti-aircraft missile tanks.