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Anti-aircraft Warfare Market Size

  • Report ID: GMI7676
  • Published Date: Dec 2023
  • Report Format: PDF

Anti-aircraft warfare Market Size

Anti-aircraft Warfare Market was valued at USD 20.6 billion in 2023 and is estimated to register a CAGR of over 5.5% between 2024 and 2032. The growth is attributed to increasing geopolitical tensions and regional instability. Heightened geopolitical tensions and regional instability drive nations to strengthen their air defense capabilities. As countries face the constant challenge of securing their airspace, the demand for anti-aircraft warfare systems increases. This is particularly evident in regions experiencing political or military uncertainties, where nations invest in robust defense infrastructure to safeguard against potential aerial threats.

 

Quoting an instance, in April 2023, The Ukraine Air Force Command declared its intent to enhance dependence on mobile air defense groups, citing the limitations of existing air defense systems in covering the entire Ukrainian territory. This move aligns with the ongoing transition to replace outdated Soviet-era air defense systems. Notably, the military has bolstered mobile fire teams, showcasing remarkable efficacy, especially in nocturnal operations.
 

The dynamic nature of modern warfare, characterized by evolving aerial threats such as drones, missiles, and advanced aircraft, is a key driver for the anti-aircraft warfare market. Nations and defense forces worldwide prioritize the development and acquisition of sophisticated anti-aircraft systems to counter these emerging threats effectively, which will favor market growth in the long run. For instance, in April 2023, the Chinese People's Liberation Army (PLA) Army received a shipment of new self-propelled anti-aircraft systems. These newly acquired vehicles are equipped with a combination of a rotary cannon, missile launchers, radar systems, and smoke dischargers, all integrated onto a wheeled platform.
 

However, the complexity of developing sophisticated anti-aircraft warfare systems poses technological challenges. Integrating advanced technologies, such as artificial intelligence, precision targeting, and radar capabilities, requires substantial research and development efforts. Technical hurdles and the need for continuous innovation can restrain the rapid progress and deployment of cutting-edge anti-aircraft systems.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

Industry size for anti-aircraft warfare worth USD 20.6 billion in revenue in 2023 and is projected to record over 5.5% CAGR from 2024 to 2032 driven by the increasing geopolitical tensions and regional instability.

Medium-range anti-craft warfare market held around 45% of the revenue share in 2023 and is anticipated to witness growth between 2024 and 2032 owing to the escalating sophistication of airborne threats and the imperative for responsive defense systems.

North America accounted for 35% revenue share of the anti-aircraft warfare industry in 2023 and is set to depict robust growth through 2032 attributed to the geopolitical landscape of the region marked by diverse security challenges and potential threats.

Some of the prominent anti-aircraft warfare firms are BAE Systems, Israel Aerospace Industries Ltd., Raytheon Technologies Corporation, Kongsberg Gruppen ASA, Leonardo S.p.A., Northrop Grumman Corporation, Rheinmetall AG, and Thales Group.

Anti-aircraft Warfare Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 278
  • Countries covered: 19
  • Pages: 200
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