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Air Defense System Market Share

Report ID: GMI2136
Published Date: Dec 2024
Report Format: PDF

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Air Defense System Market Share

Major companies like RTX, Rheinmetall, Lockheed Martin, Northrop Grumman, and Thales compete in the air defense system industry. These companies develop systems that incorporate artificial intelligence, hypersonic interceptors, and multi-layered defense architecture. To strengthen their market position, they collaborate with strategic partners, work with governments, and build local production facilities. The need to counter new threats such as hypersonic missiles and unmanned aerial vehicles drives innovation and system integration in the market. Companies also adjust their competitive strategies based on geopolitical changes and defense budget allocations.

Air Defense System Market Companies

Major players operating in the air defense system industry are:

BAE Systems
Bharat Dynamics
Boeing
General Dynamics
Hanwha Systems
Harris Technologies
Israel Aerospace Industries
Leonardo
Lockheed Martin
Northrop Grumman
Rafael Advanced Defense Systems
Rheinmetall
RTX
Saab
Thales

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for air defense system was valued at USD 46.3 billion in 2024 and is projected to reach USD 80.1 billion by 2034, driven by a CAGR of 5.7% during the forecast period, fueled by increasing digitalization and rising defense budgets globally.

The MRAD system segment accounted for over 52.5% of the market share in 2024 and is expected to grow significantly, driven by advancements in radar and sensor technologies and its integration with air, land, and sea-based defense platforms.

The North America market is expected to surpass USD 25.5 billion by 2034, driven by heavy investments in countering hypersonic missiles and advancements in space-based surveillance and radar technologies.

Major players in the industry include BAE Systems, Bharat Dynamics, Boeing, General Dynamics, Hanwha Systems, Harris Technologies, Israel Aerospace Industries, Leonardo, Lockheed Martin, and Northrop Grumman.