Short Range Air Defense Systems Market By Component (Weapon System, Fire Control System, Command and Control System, Others), By Type (Missile Defense System, Anti-Aircraft, Counter Rocket, Artillery, and Mortar (C-RAM) System), By Platform (Man Portable, Vehicle Mounted): Global Opportunity Analysis and Industry Forecast, 2021-2031
Short-range air defence systems are a type of military technology that deals with low-altitude aerial threats, such as those posed by unmanned aerial vehicles (UAVs), helicopters, and low-flying aircraft. In addition, short-range air defence systems protect national assets and citizens from threats including missile assaults and drone attacks. As the number of conflicts and war-like events in many regions of the world including Russia and Ukraine has increased, so has the demand for short-range air defence systems. The features of modern warfare have developed as a result of the introduction of more lethal, stealthy, and nimble adversaries. As the nature of warfare evolved, countries began to invest in defensive spending, resulting in several improvements in short-range air defence systems. Moreover, developments in the field of defense technology to enhance the capabilities of the present missile defense systems, and increasing security measures against short range weapons & missile systems are some of the key factors driving the growth of the short range air defense system market.
Moreover, major players and organizations are ramping up development efforts for MANPADS, as well as adopting portable short-range missile launchers and other technologies that will improve the capabilities of the army or forces. For instance, in September 2022, the defense research and development organization (DRDO) successfully tested two flights of the very short range air defence system (VSHORADS) from a ground-based portable launcher at the integrated test range in Chandipur, off the coast of Odisha. VSHORADS is an endogenously designed and produced MANPAD by DRDO's Research Centre Imarat (RCI), Hyderabad, in partnership with other DRDO laboratories and Indian industry partners. Such development of man portable short-range air defense systems which are expected to drive the growth of the market during the forecast period.
The short range air defense system market is segmented on the basis of component, platform, type, and region. The component segment is divided into the weapon system, fire control system, command, and control system, and others. The platform segment is divided into man portable and vehicle mounted. The market within the type segment is divided into missile defense system, anti-aircraft, counter rocket, artillery, and mortar (C-RAM) System. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Airbus, BAE Systems, Boeing, Elbit Systems Ltd., General Dynamics, L3Harris Technologies, Inc., Lockheed Martin Corporation., Northrop Grumman, Raytheon Technologies Corporation, and Thales Group
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the short range air defense systems market analysis from 2021 to 2031 to identify the prevailing short range air defense systems market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the short range air defense systems market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global short range air defense systems market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
Fire Control System
Command and Control System
Missile Defense System
Counter Rocket, Artillery, and Mortar (C-RAM) System
Rest of Europe
Rest of Asia-Pacific
Key Market Players
Northrop Grumman Corporation
BAE Systems plc
Elbit Systems Ltd.
General Dynamics Corporation
L3Harris Technologies, Inc.
Lockheed Martin Corporation
Raytheon Technologies Corporation
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook