Short Range Air Defense Systems Market By Component, By Type, By Platform: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: SHORT RANGE AIR DEFENSE SYSTEMS MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Weapon System
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Fire Control System
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Command and Control System
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country

CHAPTER 5: SHORT RANGE AIR DEFENSE SYSTEMS MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Missile Defense System
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Anti-Aircraft
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Counter Rocket, Artillery, and Mortar (C-RAM) System
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country

CHAPTER 6: SHORT RANGE AIR DEFENSE SYSTEMS MARKET, BY PLATFORM
6.1 Overview
6.1.1 Market size and forecast
6.2 Man Portable
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Vehicle Mounted
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country

CHAPTER 7: SHORT RANGE AIR DEFENSE SYSTEMS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Component
7.2.3 North America Market size and forecast, by Type
7.2.4 North America Market size and forecast, by Platform
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Component
7.2.5.1.3 Market size and forecast, by Type
7.2.5.1.4 Market size and forecast, by Platform
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Component
7.2.5.2.3 Market size and forecast, by Type
7.2.5.2.4 Market size and forecast, by Platform
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Component
7.2.5.3.3 Market size and forecast, by Type
7.2.5.3.4 Market size and forecast, by Platform
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Component
7.3.3 Europe Market size and forecast, by Type
7.3.4 Europe Market size and forecast, by Platform
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Component
7.3.5.1.3 Market size and forecast, by Type
7.3.5.1.4 Market size and forecast, by Platform
7.3.5.2 Germany
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Component
7.3.5.2.3 Market size and forecast, by Type
7.3.5.2.4 Market size and forecast, by Platform
7.3.5.3 France
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Component
7.3.5.3.3 Market size and forecast, by Type
7.3.5.3.4 Market size and forecast, by Platform
7.3.5.4 Russia
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Component
7.3.5.4.3 Market size and forecast, by Type
7.3.5.4.4 Market size and forecast, by Platform
7.3.5.5 Spain
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Component
7.3.5.5.3 Market size and forecast, by Type
7.3.5.5.4 Market size and forecast, by Platform
7.3.5.6 Italy
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Component
7.3.5.6.3 Market size and forecast, by Type
7.3.5.6.4 Market size and forecast, by Platform
7.3.5.7 Rest of Europe
7.3.5.7.1 Key market trends, growth factors and opportunities
7.3.5.7.2 Market size and forecast, by Component
7.3.5.7.3 Market size and forecast, by Type
7.3.5.7.4 Market size and forecast, by Platform
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Component
7.4.3 Asia-Pacific Market size and forecast, by Type
7.4.4 Asia-Pacific Market size and forecast, by Platform
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Component
7.4.5.1.3 Market size and forecast, by Type
7.4.5.1.4 Market size and forecast, by Platform
7.4.5.2 India
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Component
7.4.5.2.3 Market size and forecast, by Type
7.4.5.2.4 Market size and forecast, by Platform
7.4.5.3 Japan
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Component
7.4.5.3.3 Market size and forecast, by Type
7.4.5.3.4 Market size and forecast, by Platform
7.4.5.4 Australia
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Component
7.4.5.4.3 Market size and forecast, by Type
7.4.5.4.4 Market size and forecast, by Platform
7.4.5.5 South Korea
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Component
7.4.5.5.3 Market size and forecast, by Type
7.4.5.5.4 Market size and forecast, by Platform
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Key market trends, growth factors and opportunities
7.4.5.6.2 Market size and forecast, by Component
7.4.5.6.3 Market size and forecast, by Type
7.4.5.6.4 Market size and forecast, by Platform
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Component
7.5.3 LAMEA Market size and forecast, by Type
7.5.4 LAMEA Market size and forecast, by Platform
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Component
7.5.5.1.3 Market size and forecast, by Type
7.5.5.1.4 Market size and forecast, by Platform
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Component
7.5.5.2.3 Market size and forecast, by Type
7.5.5.2.4 Market size and forecast, by Platform
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Component
7.5.5.3.3 Market size and forecast, by Type
7.5.5.3.4 Market size and forecast, by Platform

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Top player positioning, 2021
8.5. Competitive Dashboard
8.6. Competitive Heatmap
8.7. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Airbus
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 Thales
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 Lockheed Martin Corporation
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.3.7 Key strategic moves and developments
9.4 Northrop Grumman Corporation
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 Raytheon Technologies Corporation
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 BAE Systems plc
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.6.7 Key strategic moves and developments
9.7 Boeing Company
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.7.7 Key strategic moves and developments
9.8 Elbit Systems Ltd.
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.8.7 Key strategic moves and developments
9.9 General Dynamics Corporation
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.9.7 Key strategic moves and developments
9.10 L3Harris Technologies, Inc.
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments

Executive Summary

The Short Range Air Defense System Market is likely to experience a significant growth rate of 5.6% from 2022-2031 owing to increasing market demand from defense sector.

Short-range air defense systems refer to a class of anti-aircraft weapons and tactics fired from ground-based man-portable weapons or defense vehicles, used to defend against low-altitude air threats.

Key factors driving the growth of the missile guidance system market include a rise in territorial disputes, growth in the defense budget of the military, and rising threat of Unmanned Aerial Vehicles (UAVs) across the battlefield. Various nations throughout the world are investing much in the development of short-range air defense systems to acquire military superiority. In July 2021, Israel Aerospace Industries Ltd. (IAI) entered into a collaboration with a Sensor solutions provider, HENSOLDT to build up Ballistic Missile Defense (BMD) capabilities and supply new radars to the German Armed Forces to modernize their airspace surveillance. Furthermore, Germany is expanding its military presence in Europe amid a raging Russia-Ukraine war. For instance, in August 2022, Germany planned to supply the latest IRIS-T air defense systems to the Ukrainian military, increasing their market penetration. Furthermore, there has been a rise in supply contracts to key market players. For instance, in July 2022, Rheinmetall AG was awarded a nearly $63.5 million (€65 million) contract to supply Skyguard 3 air defense systems. Thus, the rise in initiatives to development for short range air defense systems are expected to bolster the growth of the short range air defense system market during the forecast period.

The market also offers growth opportunities to the key players in the market. In future battles, technological dominance will become increasingly important. The development of next-generation drones equipped with cutting-edge technologies poses a significant threat to critical places and platforms such as infrastructure targets, airports, military airbases, and ships. The AGM-114 Hellfire missiles, which are fitted on the General Atomics MQ-1 Predator unmanned drone, are one of these new advances. Several countries are developing new weaponry capable of defeating high-end air defense systems such as the Medium Extended Air Defense System (MEADS), Patriot Advanced Capability-3 (PAC-3), and S-400.

Furthermore, European nations are focusing on developing integrated air defense systems that may be employed from a variety of platforms. For instance, Germany increased its partnership efforts with other countries in 2019 to build short- and medium-range air defense systems known as Taktisches Luftverteidigungssystem (TLVS). Furthermore, Lockheed Martin and MBDA joined in 2020 for the TLVS programme to create a system with 360-degree radar, and its hit-to-kill technology provides protection against cruise missiles, tactical ballistic missiles, aircraft, unmanned aerial vehicles (UAVs), and other aerial threats. Thus, all these factors boost the growth of the short range air defense system market.

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. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (U.K., Germany, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the study include Airbus, BAE Systems, Boeing, Elbit Systems Ltd., General Dynamics, L3Harris Technologies, Inc., Lockheed Martin Corporation., Northrop Grumman, Raytheon Technologies Corporation, and Thales Group. The players in the market have been actively engaged in the adoption of various strategies such as contract, partnership, product launch and product development to remain competitive and gain advantage over the competitors in the market.

Key Market Insights

By component, the weapon system segment was the highest revenue contributor to the market, and is estimated to reach $7622.48 million by 2031, with a CAGR of 5.3%. However, the command and control system segment is estimated to be the fastest growing segment with the CAGR of 6.7% during the forecast period.

By type, the missile defense system segment dominated the global market, and is estimated to reach $8032.8 million by 2031, with a CAGR of 5.0%. However, the counter rocket, artillery, and mortar (C-RAM) system segment is expected to be the fastest growing segment with the CAGR of 6.6% during the forecast period.

By platform, the vehicle mounted segment was the highest revenue contributor to the market, with $7,492.8 million in 2021, and is estimated to reach $13,175.1 million by 2031, with a CAGR of 6.0%.

Based on region, North America was the highest revenue contributor, accounting for $4,685.3 million in 2021, and is estimated to reach $7,677.7 million by 2031, with a CAGR of 5.2%.

Companies Mentioned

• Airbus
• Thales
• Northrop Grumman Corporation
• Bae Systems PLC
• Boeing Company
• Elbit Systems Ltd.
• General Dynamics Corporation
• L3Harris Technologies, Inc.
• Lockheed Martin Corporation
• Raytheon Technologies Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.