Home > Aerospace & Defense > Defense and Safety > Air Defense System Market

Air Defense System Market Size

Report ID: GMI2136
Published Date: Aug 2023
Report Format: PDF

Download Free Sample

Air Defense System Market Size

Air Defense System Market size was valued at over USD 38.3 billion in 2022. The market is anticipated to grow at a CAGR of over 7% between 2023 and 2032 owing to the expanding industrial & manufacturing sectors. The rising global air traffic and the expanding commercial aviation sector have led to an increased need for safeguarding airspace from potential threats. These factors have contributed to the demand for advanced air defense systems that can distinguish between friendly and hostile aircraft.

To get key market trends

Download Free Sample

An air defense system is a network of technologies including radars, sensors, missiles, and command systems designed to detect, track & intercept airborne threats such as aircraft, drones, and missiles, safeguarding a region or nation from aerial attacks.

Air Defense System Market Report Attributes
Report Attribute	Details
Base Year:	2022
Air Defense System Market Size in 2022:	USD 38.3 Billion
Forecast Period:	2022 to 2032
Forecast Period 2022 to 2032 CAGR:	7%
2032 Value Projection:	USD 70 Billion
Historical Data for:	2018 – 2022
No. of Pages:	200
Tables, Charts & Figures:	314
Segments covered:	Component, System, Range, Application
Growth Drivers:	Rising trend of integrated air & missile defense Increasing defense budget Increasing air traffic and commercial aviation Geopolitical Tensions and Conflicts
Pitfalls & Challenges:	Lack of skilled workforce Testing and validation

Learn more about the key segments shaping this market

Download Free Sample

Ensuring the reliability, effectiveness, and safety of air defense systems demands rigorous testing & validation procedures. These processes can be time-consuming and resource-intensive, thereby restraining market growth. Delays in testing or unforeseen technical issues during validation can push back deployment schedules and increase costs.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for air defense system was valued at USD 38.3 billion in 2022 and will register 7% CAGR from 2023-2032 due to the rising global air traffic and the expanding commercial aviation sector worldwide.

Air defense system market size from the missile defense system segment will witness 8% CAGR from 2023-2032 on account of the proliferation of nuclear weapons and their potential delivery via missiles.

North America market for air defense system registered 35% revenue share in 2022 and is expected to garner significant CAGR from 2023-2032 owing to the allocation of substantial defense budgets in the region.

Saab AB, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Leonardo S.P.A., BAE Systems PLC, Rheinmetall AG, Thales Group, Kongsberg Gruppen, and Raytheon Company are some of the major air defense system companies worldwide.