Key Emerging Trends in Air Defense System Market — Global Forecast to 2024

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This report provides an analysis of the Air
Defense System Market from 2017 to 2024. It
discusses industry and technology trends that are
currently prevailing in the air defense system
market. It also analyzes the factors that drive
and restrain the growth of the air defense system
well faced
as the by the
market as
challenges market. The air defense
system market is projected to grow from USD
30.57 billion in 2017 to USD 45.19 billion by
2024, at a CAGR of 5.74 from 2017 to 2024. Some
of the key drivers for the growth of the air
defense system market include increasing defense
expenditure of various countries for the
development of air and missile defense systems,
changing nature of warfare, and growing
geopolitical instabilities across
the globe. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id248518928 Among platforms, the naval
segment of the air defense system market is
projected to grow at the highest CAGR during the
forecast period. Naval air defense capability of
a ship is crucial for its survivability. Naval
air defense systems offer complete protection
against all types of projected and known air
threats. Continuous advancements and
modifications in naval air defense systems are
expected to drive the growth of the air defense
system market during the forecast period. Among
ranges, the long range air defense (LRAD) system
segment is expected to lead the air defense
system market during the forecast period.
Increase in attack threats from intercontinental
ballistic missiles across the globe is fueling
the demand for long range air defense systems,
thereby leading to the growth of the long range
air defense (LRAD) system segment of the air
defense system market. The Asia Pacific region is
projected to lead the air defense system market
during the forecast period. The Asia Pacific air
defense system market is projected to grow at the
highest CAGR from 2017 to 2024. Rising
incidences of insurgencies, territorial disputes,
terrorism, and unrest between neighboring
nations, along with increasing defense spending
by emerging economies of the Asia Pacific region
are the factors fueling the growth of the Asia
Pacific air defense system market. China is
estimated to account for the largest share of the
Asia Pacific air defense system market in 2017.
Due to the ongoing border issues with its
neighboring countries, China
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is investing increasingly in the development of
new and advanced air defense systems. This, in
turn, is fueling the growth of the China air
defense system market. Ask for Sample Report
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ew.asp?id248518928 About MarketsandMarkets Mar
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