Air Defense System Market is Likely to Witness huge Growth over 2019 – 2026

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Air Defense System Market Size Is Projected To
Exceed USD 35 Billion By 2026 Global Market
Insights, Inc.
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• Air Defense System Market Scenario

• As per a comprehensive report published by Global
  Market Insights, Inc., worldwide Air Defense
  System Market is pegged to cross the USD 35
  billion market by 2026. Increasing technological
  advancements, such as hyper sonics missiles,
  counter UAVs, and automatic fire control systems,
  are acting as some of the major drivers for the
  air defense system market.
• The growth of this market can be attributed to
  increasing geopolitical tension in Asia Pacific
  and rising defense budgets cross-border
  conflicts. The major defense companies are
  focusing on RD activities for providing more
  advanced defense systems.
• Increasing investments in RD activities by major
  defense system manufacturers and system
  integrators in North America and Europe are
  supporting the air defense system market growth

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• The increasing defense budget and growing cross
  border conflicts between India, China, and
  Pakistan are some of the major drivers for the
  growth of the air defense system market. The
  rising defense budget is supporting the growth of
  industry players and weapon suppliers across the
  globe.
• The demand for new technology and upgrading of
  the existing system are contributing to the
  growth of the air defense system market. The
  introduction of more efficient defense platforms
  and upcoming technologies including the
  integration of AI and drones along with the
  application of laser to destroy incoming
  projectiles is the major market accelerator.

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• Regional Analysis

• India and China are focused on expanding their
  defense capabilities and investing heavily in the
  procurement of various defense platforms,
  supporting the air defense system market growth.

• Competitive Analysis

• Major players operating in the air defense system
  market are Leonardo S.P.A., BAE Systems PLC,
  Rheinmetall AG, Thales Group, Kongsberg Gruppen,
  Raytheon Company, MBDA, Northrop Grumman
  Corporation, The Boeing Company, Aselsan A.S.,
  and JSC Concern Vko "Almaz-Antey"

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