CHICAGO, Nov. 21, 2023 /PRNewswire/ — The Anti-aircraft warfare market is projected to grow from USD 20.9 billion in 2023 and is estimated to reach USD 28.6 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The demand for these weapons has witnessed significant growth recently due to growing threats from unmanned aerial vehicles, proliferation of advanced technologies like stealth and electronic countermeasures in aircraft. Thus, it is imperative to avoid collateral damage and provide combatants with advanced defence systems have led to the growth of anti-aircraft warfare market.
The Anti-aircraft warfare market includes major players Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Thales Group (France), BAE Systems (UK), and General Dynamics Corporation (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Rest of the World.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29678979
Browse in-depth TOC on “Anti-aircraft warfare market” 270 – Tables
50 – Figures
250 – Pages
Anti-aircraft warfare Market Report Scope:
|
Report Coverage |
Details |
|
Market Revenue in 2023 |
$20.9 billion |
|
Estimated Value by 2028 |
$28.6 billion |
|
Growth Rate |
Poised to grow at a CAGR of 6.5% |
|
Market Size Available for |
2019–2028 |
|
Forecast Period |
2023–2028 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Capability, System, Platform, Range, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Key Market Challenge |
Technical Challenges Of Counter-Unmanned Aerial Vehicles (C-UAV) |
|
Key Market Opportunities |
Development of directed energy-based air defence system |
|
Key Market Drivers |
Increasing development of indigenous air defense systems to drive market |
“The attack segment is projected to grow at the highest CAGR rate for the anti-aircraft warfare market during the forecast period.”
Based on capability, the anti-aircraft warfare industry has been segmented into Support, and Protection and Attack. The attack segment is projected to reach USD 19.4 billion by 2028. In the Asia Pacific region, this segment is projected to register the highest CAGR during the forecast period.
“The weapon system segment is projected to register the highest CAGR of 7.1% during the forecast period.”
Based on system, the anti-aircraft warfare market has been segmented into weapon system, radar system, electronic warfare system, command and control system and others. The weapon segment will secure leading market position in 2023. It is expected to have a market size of USD 9.2 billion in 2023 and grow at a CAGR of 7.1% to reach USD 12.9 billion in 2028. This is due to the increasing demand for advanced and sophisticated weapons from militaries around the world.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=29678979
“The naval segment is projected to grow at the highest CAGR rate for the Anti-aircraft warfare market during the forecast period.”
Based on platform, the market segmented into airborne, land and naval. The Naval segment is estimated to account for the largest share of 55.1% of the anti-aircraft warfare market in 2023. The air defense systems mounted on naval platforms are in huge demand due to development and procurement of anti-aircraft warfare systems for naval ships and unmanned surface vehicles.
“By range, the medium range segment is estimated to account for the largest share of the Anti-aircraft warfare market in 2023.”
Based on range, the market is segmented into short range (<20 KM), medium range (20 – 100 km), and long range (>100 km). The medium range segment is estimated to account for the largest share of 53.3% of the anti-aircraft warfare market in 2023. This is due to increased procurement of medium range anti-aircraft weapon systems with their spare parts which serves as a vital layer of defense for the protection of strategic infrastructure.
“The North American market to contribute the largest share in 2023.”
The North American market is going to contribute the largest share of 46% to the anti-aircraft warfare market in 2023. This is attributed to the presence of major companies such as Northrop Grumman Corporation, Lockheed Martin, Raytheon Technologies, and General Dynamics Corporation in the US, which are continuously investing in the R&D of new and advanced technologies in the anti-aircraft warfare market. These investments are driving the growth of the market in North America.
Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Thales Group (France), BAE Systems (UK), and General Dynamics Corporation (US) are some of the leading players operating in the Anti-aircraft warfare companies.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=29678979
Browse Adjacent Market: Aerospace and Defence Market Research Reports Research Reports &Consulting
Related Reports:
Directed Energy Weapons Market by Technology (High Energy Lasers, High-power Radio Frequency, Electromagnetic Weapons, Sonic Weapons), Platform (Land, Airborne, Naval, Space), Application, Product, Range and Region – Global Forecast to 2027
Command and Control Systems Market by Application, Solution, Platform, Installation Base (New Installation, and Upgradation), Installation (Fixed Command Centers, Deployable Command Centers) and Region – Global Forecast to 2027
Electronic Warfare Market by Capability (Support, Attack, Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), End Use (OEM, Upgradtion) and Region – Global Forecast to 2027
Missile Defense System Market by Technology (Fire Control System, Weapon System, Countermeasure System, and Command and Control System), Range (Short, Medium, and Long), Threat type, Domain (Ground, Air, Marine, and Space), and Region (2021-2026)
Missile Seekers Market by Technology (Active Radar, Semi-active Radar, Passive Radar, Infrared, Laser, Multi-mode), Missile Type (Interceptor, Ballistic, Cruise, Conventional), Launch Mode, and Region (North America, Europe, APAC, & RoW) (2021-2026)
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/anti-aircraft-warfare-market.asp Content Source: https://www.marketsandmarkets.com/PressReleases/anti-aircraft-warfare.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
