In a recent published report, Kenneth Research has updated the market report for Air Defence System Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Air Defence System Market products.
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According to the statistics by the Aerospace Industries Association (AIA), the aerospace and defense industry, in the United States, during the year 2018, generated a revenue worth USD 374 billion in value-added products and services.
Global Air Defence System Industry was valued at USD 30.40 Billion in the year 2017. Global Air Defence System Industry is further estimated to grow at a CAGR of 6.70% from 2018 to reach USD 91.14 billion by the year 2025. Asia-Pacific region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At a country level China, Japan and India are projected to grow at a strongly in the coming years. Due to conflicts between nations and growing terrorism.
Major market players in Air Defence System Industry are Key Industry Players Thales Group,
BAE Systems PLC, Saab AB, Lockheed Martin Corporation, Boeing, Israel Aerospace Industries Ltd., Leonardo S.P.A., Hanwha Corporation, Northrop Grumman Corporation, Rheinmetall AG, MBDA, Aselsan A.S., and other 13 more companies detailed information is provided in research report. Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT analysis of Air Defence System Industry:
Strength:
Rising instability between various nations across the globe
Weakness:
Government grants
Opportunities:
Implementation of technology in Air Defence system
Threats:
Higher cost and timely maintenance
The major shares of the Industry come from Land type in Global Air Defence System Industry. On the other hand, Long Range Air Defence (LRAD) System, by Component for this Industry is expected to grow at highest CAGR during the year 2018-2025.
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Air Defence System Industry Segmentation:
By Type
Land
Portable (Manpads)
Vehicular
Airborne
Naval
By Component
Command and Control System
Weapon System
Missile Launcher
Turret/Gun System
Fire Control System
Electro-Optic Sensor and Laser Range Finder
Air Defence Radar
Others
By Range
Short Range Air Defence (ShoRAD) System
Medium Range Air Defence (MRAD) System
Long Range Air Defence (LRAD) System
By System
Anti-Aircraft System
Artillery, Mortar System, Counter Rocket
Missile Defence System
By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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