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Short-Range Air-Defence Missile Systems Market: Competitive Analysis, Market Trends and Forecast to 2031
The "Short-Range Air-Defence Missile Systems Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Short-Range Air-Defence Missile Systems market is expected to grow annually by 14.3% (CAGR 2024 - 2031).
This entire report is of 181 pages.
Short-Range Air-Defence Missile Systems Introduction and its Market Analysis
The global Short-Range Air-Defence Missile Systems market research report highlights the increasing demand for advanced air-defense systems due to rising security threats. Short-Range Air-Defence Missile Systems are designed to protect military assets from aerial threats within short distances. Major factors driving revenue growth in this market include technological advancements, increasing defense budgets, and geopolitical tensions. Key players such as Lockheed Martin, BAE Systems, and Raytheon are dominating the market with their advanced missile systems. The report recommends investing in research and development to enhance the effectiveness of Short-Range Air-Defence Missile Systems and expand market presence.
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The Short-Range Air-Defence Missile Systems market is experiencing steady growth, with a focus on Man-Portable Air-Defense Systems and Stationary/Platform-Mounted Air-Defense Systems. These systems are primarily used in Defense and Homeland Security applications, but are also being utilized in other segments such as commercial aviation and critical infrastructure protection. Regulatory and legal factors play a significant role in shaping market conditions, with strict regulations ensuring the safety and security of these systems. Market players must adhere to these regulations to maintain compliance and secure contracts in this competitive market. As the need for air defense capabilities continues to grow, the Short-Range Air-Defence Missile Systems market is expected to expand further, offering opportunities for innovation and growth in both the public and private sectors.
Top Featured Companies Dominating the Global Short-Range Air-Defence Missile Systems Market
The Short-Range Air-Defence Missile Systems Market is highly competitive with key players like Lockheed Martin, BAE Systems, General Dynamics, MBDA, Rafael Advanced Defence Systems, Raytheon, Thales, Saab Group, Northrop Grumann, and Rheinmetall dominating the market.
Lockheed Martin is a major player in the Short-Range Air-Defence Missile Systems Market, providing advanced missile defense capabilities for various defense applications. BAE Systems specializes in developing advanced technology solutions for defense and security, including short-range air-defense missile systems. General Dynamics is known for its comprehensive range of defense products, including air-defense systems. MBDA is a leader in the European market for missile systems, providing cutting-edge solutions for short-range air-defense.
Rafael Advanced Defence Systems is a global leader in defense technology, particularly in missile systems and air-defense solutions. Raytheon is a major player in missile defense systems, offering advanced capabilities for short-range air-defense applications. Thales is a key player in the defense industry, providing innovative solutions for air-defense systems. Saab Group is known for its expertise in defense and security solutions, including short-range air-defense missile systems. Northrop Grumann is a leading aerospace and defense technology company, offering a range of products for air-defense applications. Rheinmetall is a major player in the defense industry, providing advanced technology solutions for missile systems and air-defense.
These companies help to grow the Short-Range Air-Defence Missile Systems Market by investing in research and development to create innovative and advanced missile defense capabilities. They also collaborate with government agencies and defense organizations to provide tailored solutions for specific defense needs. Some of these companies have reported significant sales revenue in recent years, with Lockheed Martin reporting over $59 billion in sales revenue in 2020, BAE Systems reporting over $22 billion, and Raytheon reporting over $29 billion.
- Lockheed Martin
- BAE Systems
- General Dynamics
- MBDA
- Rafael Advanced Defence Systems
- Raytheon
- Thales
- Saab Group
- Northrop Grumann
- Rheinmetall
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Short-Range Air-Defence Missile Systems Market Analysis, by Type:
- Man-Portable Air-Defense Systems
- Stationary/Platform-Mounted Air-Defense Systems
Short-Range Air-Defence Missile Systems can be classified into two main types: Man-Portable Air-Defense Systems (MANPADS) and Stationary/Platform-Mounted Air-Defense Systems. MANPADS are highly portable and can be operated by a single individual, making them ideal for infantry units. Stationary/Platform-Mounted systems are larger and more powerful, designed to defend critical assets such as military bases and strategic installations. The versatility and effectiveness of these systems in countering aerial threats have led to increasing demand in the global market. The need for advanced missile defense capabilities to protect against evolving threats has further boosted the market for Short-Range Air-Defence Missile Systems.
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Short-Range Air-Defence Missile Systems Market Analysis, by Application:
- Defense
- Homeland Security
- Other
Short-Range Air-Defence Missile Systems are crucial for defense and homeland security as they provide protection against aerial threats such as enemy aircraft, drones, and missiles. In defense, they safeguard military assets and personnel, while in homeland security, they help protect critical infrastructure and civilians. These systems are also used in other applications such as VIP security and border surveillance. The fastest growing application segment in terms of revenue is defense, as countries increase their spending on military modernization and equipment upgrades to counter evolving threats in the air domain.
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Short-Range Air-Defence Missile Systems Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The short-range air-defence missile systems market is expected to see significant growth in regions such as North America (NA), Asia-Pacific (APAC), Europe, USA, and China. Among these regions, USA and China are expected to dominate the market with the highest market share percentage valuation. The expected market share of the short-range air-defence missile systems market in North America is projected to be around 30%, in Europe around 25%, in Asia-Pacific around 20%, in USA around 15%, and in China around 10%. Overall, these regions are anticipated to drive the growth of the short-range air-defence missile systems market in the coming years.
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