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    Asia Pacific Air Defense System Market Size By System (Missile Defense System, Anti-Aircraft System, Counter Rocket, Artillery, and Mortar (C-RAM) System), By Component (Weapon System [Turret System, Missile Launching System], Fire Control System [Air Defense Radar, Electro Optic Sensor & Laser Range Finder], Command & Control (C2) System), By Range (Short Range Air Defense System, Medium Range Air Defense System, Long Range Air Defense System), By Application (Land, Naval, Airborne), Industry Analysis Report, Regional Outlook (China, India, Japan, South Korea, Australia, Taiwan), Growth Potential, Competitive Market Share & Forecast, 2019 - 2026
    Published Date: February 2020   |   Report ID: GR1313   |   Delivery: PDF  Request Free Sample

    Asia Pacific Air Defense System Market Share is estimated to be over USD 9 billion in 2018 and is expected to register lucrative growth between 2019 and 2026 with a CAGR of over 3%.

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    The Counter Rocket, Artillery, and Mortar (C-RAM) System is anticipated to grow the air defense system market at a CAGR of over 4%. The rise of this segment is anticipated due to its ability to provide intercept the missiles & mortars and timely warning to protect the operating bases. Rising conflicts among several countries and high investment in the upgrades of missile defense system are supporting the air defense system industry size over the forecast timeframe.

    Industry participants in air defense system industry are expected to undergo mergers & acquisitions and offer contracts that will provide systems with enhanced capability across the globe. For instance, in February 2019, the Australian Department of Defense’s Capability Acquisition Sustainment Group signed a strategic contract with Saab AB that will provide enhanced Wireless Audio-Visual Emergency System (WAVES) equipment. This equipment will be installed in the Australian Army’s C-RAM system, further strengthening the customer base.

    The fire control system segment is projected to account for majority share of over 45% in the market by 2026. The rise of the segment is attributed to higher adoption in naval, land, and airborne applications. The systems are incorporated in launchers that include missile launch, automatic grenades, mortar launch, and torpedo launch. The industry players are engaged in acquiring contracts that will provide fire control radars with enhanced capabilities, supporting the revenue growth over the coming years. For instance, in October 2018, Israel Aerospace Industries signed a strategic contract worth USD 550 million with the army of an Asian country. The contract states to supply Sky Capture system that includes advanced fire control & detection radars and electro-optical sensors over the coming years.

    China holds over 30% of the market share in 2018 and is expected to grow at a CAGR of over 4%. The rise in trade relationships is playing a significant role across the region. The rise in trade between China and Russia will give economic independence to China and significantly reduce its dependence on the U.S. For instance, in April 2019, Russia started to deliver a second set of S-400 air defense system regiment to China and is expected to begin the delivery process by late July.

    The air defense system vendors in the region are investing actively in R&D activities for advanced product developments and merger & acquisitions with countries to enhance the defense sector of the country. In October 2018, ASELSAN A.S. signed a strategic partnership agreement with Tubitak Sage and Roketsan for the development of long-range air defense system under the project name “Siper” The project was for the Undersecretariat for Defense Industries (SSM) and is expected to complete the delivery by 2021. Some of the leading companies operating in the market include Saab AB, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Leonardo S.P.A., BAE Systems, Rheinmetall AG, Thales Group, Kongsberg Gruppen, Raytheon Company, MBDA, Northrop Grumman Corporation, Boeing, Hanwha Corporation, General Dynamics, Rafael Advanced Defense Systems, L3Harris Technologies Inc., Almaz-Antey, and Diehl Defence.


    Frequently Asked Question(FAQ) :

    What is the prediction of Asia Pacific Air Defense System Market?
    According to Graphical Research, Asia Pacific Air Defense System Market Share is estimated to be over USD 9 billion in 2018 and is expected to register lucrative growth between 2019 and 2026 with a CAGR of over 3%.
    What is the in detail Segmentation of Asia Pacific Air Defense System Market?
    Asia Pacific Air Defense System Market Size By System (Missile Defense System, Anti-Aircraft System, Counter Rocket, Artillery, and Mortar (C-RAM) System), By Component (Weapon System [Turret System, Missile Launching System], Fire Control System [Air Defense Radar, Electro Optic Sensor & Laser Range Finder], Command & Control (C2) System), By Range (Short Range Air Defense System, Medium Range Air Defense System, Long Range Air Defense System), By Application (Land, Naval, Airborne), Industry Analysis Report, Regional Outlook (China, India, Japan, South Korea, Australia, Taiwan), Growth Potential, Competitive Market Share & Forecast, 2019 – 2026.
    Which are the Key Companies involved in the market?
    Some of the leading companies operating in the market include Saab AB, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Leonardo S.P.A., BAE Systems, Rheinmetall AG, Thales Group, Kongsberg Gruppen, Raytheon Company, MBDA, Northrop Grumman Corporation, Boeing, Hanwha Corporation, General Dynamics, Rafael Advanced Defense Systems, L3Harris Technologies Inc., Almaz-Antey, and Diehl Defence.

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