The global short-range air defense systems market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX% during 2023–2031. Growing demand for comprehensive air-defense systems to detect and neutralize aerial threats is expected to fuel the market.
Short range air defense systems are a group of military equipment that identify and neutralize low-altitude potential aerial threats such as drones, missiles, rockets, small unmanned aerial vehicles, traditional aircraft, and helicopters. Advanced military warfare demands comprehensive and complete air-defense solutions that act as a protective shield for the military units, civilians, and establishments in the combat area.
Short range air defense systems are designed for versatile deployment for enhanced maneuverability and flexibility. These systems can be maneuvered easily due to their lightweight and modular design and can be installed onto any platform or equipment.
Rising cross-border conflicts along populated borders such as Israel-Palestine, India-Pakistan, and South Korea-North Korea need defense mechanisms have the formidable anti-air capability to identify the aerial threat and strike the targets quickly.
Rockets and missiles are the most anticipated aerial threats in modern warfare. IRON DOME developed by RAFAEL proved to be useful when Palestine launched rockets targeting strategic assets and urban areas. IRON DOME protected maneuvering and deployed armed forces, urban areas, and infrastructure against aerial threats such as rockets, mortars, and artillery shells.
In an operational scenario, short-range air defense systems assess the situation with the help of modern radar systems and local picture compilation for threat evaluation and tracking of the target. The automatic engagement support is activated once data about the threat is evaluated the weapons are fired with the help of time-to-fire calculation.
The COVID-19 pandemic affected the fund allocations for defense spending in budgetary provisions in many economies. The funds were diverted for health expenditures to expand the healthcare infrastructure during the pandemic period. Furthermore, the non-availability of raw materials due to supply chain disruptions caused by the lockdowns in respective demographic regions.
Short-range Air Defense Systems Market Dynamics
Drivers
Rising geo-political conflicts and war-like events across many regions of the world are expected to drive the market. Geo-political crises such as Israel-Palestine, Russia-Ukraine, and North Korea-South Korea need comprehensive and complete air-defense systems to counter low-altitude aerial threats to protect citizens, establishments, and infrastructure.
Restraints
Budget constraints in underdeveloped economies are likely to hamper the market. The manufacturing cost of short-range air defense systems is high due to the advanced radar technologies and high-quality embedded designs. The underdeveloped economies’ defense budget is limited.
Opportunities
Increasing demand for air defense systems that are versatile, formidable, and has quick response time is likely to create significant opportunities for the market. Airborne threats are evolving with technological advancements.
Moreover, geopolitical crises such as Israel-Palestine and Russia-Ukraine keep resurfacing from time to time. The armed forces want to engage systems that are versatile, flexible, and have formidable anti-air capability in both air force and naval combat systems. Short range air defense systems satisfy all the criteria.
Scope of Short-range Air Defense Systems Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Short-range Air Defense Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Anti-aircraft, Missile Defense System, Artillery, Mortar System, and Counter Rocket), Component (Command and Control System, Fire Control System, Weapon System, and Others), Deployment (Land, Airborne, Naval, and Others), and Platform (Vehicle Mounted and Man Portable)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Boeing Company; Airbus; Lockheed Martin Corporation; Airbus; BAE Systems plc; Northrop Grumman Corporation; Thales; General Dynamics Corporation; Elbit Systems Ltd.; Raytheon Technologies Corporation and L3Harris Technologies, Inc.
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Short-range Air Defense Systems Market Segment Insights
Based on type, the short-range air defense systems market is divided into anti-aircraft, missile defense system, artillery, mortar system, and counter rocket. The missile defense systems segment is expected to expand at a significant pace during the projection period owing to the potential threat of missile systems developed by the nations and strategically located missile launching pads at the borders of combat areas.
The ongoing Russia-Ukraine underlines the fact that Russia objected to the NATO membership given to Ukraine due to its proximity to the border area. Russia believed that missile systems of all the ranges are likely to be stationed along the borders of Ukraine, if it receives NATO membership. In such scenarios, nations rely on air defense systems to protect the forces, citizens, establishments, and infrastructure in the war zone.
On the basis of component, the global market is segregated into command and control system, fire control system, weapon system, and others. The weapon system segment is projected to expand at a considerable CAGR during the forecast period due to a formidable anti-air capability provided by the weapons systems. The weapons systems neutralize air-borne threats in a precise manner by identifying, deterring, or neutralizing aerial threats.
In terms of deployment, the short-range air defense systems market is segmented into land, airborne, naval, and others. The land segment is expected to expand at a rapid pace during the forecast period owing to easy deployment and flexibility provided by short-range air defense systems deployed on the land. Ground-based air-defense systems have transformed with extended range capability, 360-degree coverage, and quick response time.
On the basis of platform, the global market is segregated into vehicle-mounted and man-portable. The vehicle-mounted segment is projected to register a considerable CAGR during the forecast period due to the high level of maneuverability and mobility provided by the vehicle-mounted short-range air defense systems.
In the combat areas, vehicle-mounted short-range air defense systems move with the military units. In the event of an oncoming attack, the vehicle-mounted short-range air defense system maneuvers to a strategic and secure position and assesses the situation with the help of radar evaluates the aerial threat, and neutralizes it quickly and effectively.
In terms of region, the global short-range air defense systems market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period owing to its high defense budget and strategically located military bases of the US in different parts of the world.
The US has strategically set up the air-bases and naval bases across different parts of the world. Some of the military bases are in close proximity to the conflict area that is prone to aerial attacks thus short-range air defense systems are needed to protect the bases from any airborne threats.
Segments
The short-range air defense systems market has been segmented on the basis of
Type
- Anti-aircraft
- Missile Defense System
- Artillery
- Mortar System
- Counter Rocket
Component
- Command and Control System
- Fire Control System
- Weapon System
- Others
Deployment
- Land
- Airborne
- Naval
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Boeing Company
- Airbus
- Lockheed Martin Corporation
- Airbus
- BAE Systems plc
- Northrop Grumman Corporation
- Thales
- General Dynamics Corporation
- Elbit Systems Ltd.
- Raytheon Technologies Corporation
- L3Harris Technologies, Inc.
Competitive Landscape
Key players in the global short-range air defense systems market are Boeing Company; Airbus; Lockheed Martin Corporation; Airbus; BAE Systems plc; Northrop Grumman Corporation; Thales; General Dynamics Corporation; Elbit Systems Ltd.; Raytheon Technologies Corporation; and L3Harris Technologies, Inc. They engage in strategies such as mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to increase their global presence. For instance,
- In December 2022, Rafael collaborated with Lockheed Martin to develop, test, and manufacture a High Energy Laser Weapon System (HELWS) in the US and Israel. The operational capability of an air defense system can deliver the engagement of a counterattack to protect the combat area from aerial threats at the speed of light.
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