Market Size of Ground-based Aircraft And Missile Defense Systems Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Ground-based Aircraft And Missile Defense Systems Market Analysis
The ground-based aircraft and missile defense systems market is anticipated to grow at a CAGR of more than 4% during the forecast period.
- The onset of the COVID-19 pandemic minimally impacted the global defense sector, and the effects of the disruption were also temporary. Though the lockdowns imposed by the government caused disruptions in supply chains, and a shortage of raw materials, countries across the globe increased their defense expenditures due to increasing conflicts among neighboring countries, cross-border disputes, and rising terrorist activities. This bolstered a strong recovery of the defense sector and showcased enhanced growth in defense equipment. Despite the pandemic, global defense expenditure reached almost USD 2 trillion in 2020.
- The current advancements in aircraft stealth technology and electronic warfare have necessitated the adoption of advanced aircraft and missile defense systems at strategically important military bases globally to sense, engage, and neutralize an incoming hostile asset or weapon before on-site detonation. The ongoing geopolitical rift among certain countries has increased instances of airspace violations for capturing critical surveillance data. Thus, several nations are investing in enhancing their defense capabilities by inducting new and improved ground-based aircraft and missile defense systems variants to detect any such incursion into their airspace.
- The ongoing war between Russia and Ukraine, political tensions between China and Taiwan, and growing terrorist activities worldwide increased the demand for advanced defense systems. Increased procurement of advanced fighter aircraft and missile defense systems drives the market's growth.
Ground-based Aircraft And Missile Defense Systems Industry Segmentation
Ground-based aircraft and missile defense systems are military defense systems designed to protect a region or specific location from incoming aircraft or missile attacks. These systems use ground-based sensors, radars, and other detection technologies to identify and track incoming threats. Once a threat is detected, the system can then launch an intercepting missile to destroy the incoming threat before it reaches its target.
The ground-based aircraft and missile defense systems market is segmented by type, range, and geography. By type, the market is segmented into anti-aircraft systems, missile defense systems, counter-unmanned aerial systems (C-UAS), and counter-RAM (C-RAM)). By range, the market is segmented into short, medium, and long. By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The market sizing and forecasts have been provided in value (USD billion) for all the above segments.
Type | |
Anti-aircraft Systems | |
Missile Defense Systems | |
Counter-Unmanned Aerial Systems (C-UAS) | |
Counter-RAM (C-RAM) |
Range | |
Short | |
Medium | |
Long |
Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Ground-based Aircraft And Missile Defense Systems Market Size Summary
The ground-based aircraft and missile defense systems market is poised for significant growth, driven by the increasing need for advanced defense capabilities amid rising geopolitical tensions and security threats. The market's expansion is fueled by the necessity to adopt sophisticated systems that can effectively detect and neutralize potential airborne threats, particularly in strategically important military locations. The demand for these systems has been bolstered by ongoing conflicts, such as the war between Russia and Ukraine, and escalating tensions in regions like China and Taiwan. As nations invest in enhancing their defense infrastructure, the market is witnessing a surge in the procurement of advanced missile defense systems, which are crucial for safeguarding ground assets against missile threats.
North America is expected to experience substantial growth in the market, primarily due to heightened defense spending and the acquisition of next-generation missile defense systems by the United States and Canada. The U.S. Department of Defense is actively modernizing its regional missile defense capabilities to counter diverse and modern offensive missile systems posed by potential adversaries. Key industry players, including Lockheed Martin, Raytheon Technologies, and The Boeing Company, are leading the market, leveraging automated manufacturing processes and strategic collaborations to enhance production efficiency and technological advancements. These developments, along with significant contracts and partnerships, underscore the market's robust growth prospects and the critical role of ground-based defense systems in national security.
Ground-based Aircraft And Missile Defense Systems Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Anti-aircraft Systems
-
2.1.2 Missile Defense Systems
-
2.1.3 Counter-Unmanned Aerial Systems (C-UAS)
-
2.1.4 Counter-RAM (C-RAM)
-
-
2.2 Range
-
2.2.1 Short
-
2.2.2 Medium
-
2.2.3 Long
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
-
2.3.2 Europe
-
2.3.2.1 United Kingdom
-
2.3.2.2 France
-
2.3.2.3 Germany
-
2.3.2.4 Russia
-
2.3.2.5 Rest of Europe
-
-
2.3.3 Asia-Pacific
-
2.3.3.1 India
-
2.3.3.2 China
-
2.3.3.3 Japan
-
2.3.3.4 South Korea
-
2.3.3.5 Rest of Asia-Pacific
-
-
2.3.4 Latin America
-
2.3.4.1 Brazil
-
2.3.4.2 Mexico
-
2.3.4.3 Rest of Latin America
-
-
2.3.5 Middle-East and Africa
-
2.3.5.1 United Arab Emirates
-
2.3.5.2 Saudi Arabia
-
2.3.5.3 Israel
-
2.3.5.4 Egypt
-
2.3.5.5 Rest of Middle-East and Africa
-
-
-
Ground-based Aircraft And Missile Defense Systems Market Size FAQs
What is the current Ground-based Aircraft And Missile Defense Systems Market size?
The Ground-based Aircraft And Missile Defense Systems Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Ground-based Aircraft And Missile Defense Systems Market?
The Boeing Company, Lockheed Martin Corporation , Raytheon Technologies Corporation, THALES and Israel Aerospace Industries Ltd. are the major companies operating in the Ground-based Aircraft And Missile Defense Systems Market.