Air Defense System Market to Witness the Highest Growth in North America Region

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According to the new market research report "Air
Defense System Market by Component (Weapon
System, Fire Control System, Command and Control
System), Type (Missile Defense
System, Anti-Aircraft System, C-Ram System),
Platform (Land, Naval, Airborne), Range, Region
- Global Forecast to 2024", 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 during
the forecast period. Browse 133 Market
Data Tables and 44 Figures spread through 187
Pages and in-depth TOC on "Air Defense System
Market - Global Forecast to 2024" Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id248518928 Changing nature of
modern warfare is one of the most important
factors driving the demand for air defense
systems across the globe. The nature of warfare
has improved over the years with various
technological advancements taking place in the
defense sector, which has resulted in increased
defense expenditure across the globe. The
changing nature of aerial warfare across the
globe has led to the acquisition of advanced air
defense systems by various countries, which help
them defend themselves from unwanted aerial
threats. Based on platform, the naval segment of
the air defense system market is projected to
grow at the highest rate during the forecast
period. Based on platform, the naval segment of
the air defense system market is projected to
grow at the highest CAGR between 2017 and 2024.
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 naval segment of the air
defense system market during the forecast
period. Based on range, the long range air
defense (LRAD) system segment is estimated to
account for the largest share of the air defense
system market in 2017. Based on range, the long
range air defense (LRAD) system segment is
estimated to account for the largest share of
the air defense system market in 2017. Increase
in attack threats from intercontinental
ballistic missiles across the globe is fueling
the growth of the long range air defense (LRAD)
system segment of the air defense system market.
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Based on type, the missile defense system segment
is projected to lead the air defense system
market during the forecast period from 2017 to
2024. Based on type, the missile defense system
segment is projected to lead the air defense
system market during the forecast period. The
growth of this segment of the market can be
attributed to increased investments by countries
such as the US, China, Iran, India, Russia,
North Korea, and France for the development of
advanced missile defense systems. The Asia
Pacific region is projected to lead the air
defense system market during the forecast
period. The Asia Pacific region is projected to
lead the air defense system market during the
forecast period. Moreover, 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 increased
defense spending by emerging economies of the
Asia Pacific region are the factors fueling the
growth of the Asia Pacific air defense system
market. Key Market Players The ecosystem of the
air defense system market includes manufacturers
of air defense systems such as Saab AB (Sweden),
Israel Aerospace Industries Ltd. (Israel),
Raytheon Company (US), Thales Group (France),
Lockheed Martin Corporation (US), Hanwa
Corporation (South Korea), and BAE Systems PLC
(UK), among others. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id248518928 About MarketsandMarkets Mar
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