Europe Air Defense System Market Share is estimated to be over USD 8 billion in 2018 and is expected to register lucrative growth between 2019 and 2026 with a CAGR of over 2%.

Get more details on this report - Request Free Sample PDF

The market proliferation of Europe air defense system can be witnessed by the development of advanced air defense system by regional industry players. Strategic positioning of product offerings with capabilities to integrate with various communication systems is allowing the Russian air defense to capture the international market. For instance, Russia can provide much more comprehensive set of air defense systems within similar market value compared to other major industry participates, elevating market competitiveness at a global level.

The presence of various organizations including the European Union, the European Defense Agency, and the Federation of European Defence Technology Associations in association with the country’s indigenous organization will also provide a positive impact. All 27 countries in the European Union gain access to latest technologies and weapon systems developed by any EU member country. Free trade policies and other norms benefiting to the technological advancement of these countries are propelling the European air defense system market.

The naval air defense in the market will capture over 20% of the market share by 2026. The growth can be attributed to the increasing demand for safeguarding the coastlines of oceanic European region. The coastline of the European Union is around 66,000 km that needs to be safeguarded, which will improve the market scope. Furthermore, collaborations of various industry participants with international players for the development of naval defense system are improving market competitiveness. For instance, Diehl Defence (Germany) and Raytheon (U.S.) together developed RIM-116 Rolling Airframe Missile (RAM). The RIM-116 is a supersonic, quick reaction, lightweight surface to air missile specifically designed for naval operations.

The UK captured a share of over 7% of the total market in 2018. This market acquisition can be credited to the ongoing efforts of the UK Ministry of Defense to advance its existing naval air defense system. For instance, in May 2018, the UK Ministry of Defense deployed Sea Ceptor, a common anti-air module missile on Type 26 and Type 23 frigates to improve its naval defense capabilities.

The industry participants in the market include Alamz-Antey, MBDA, Diehl Defence, Rafael Systems, Dassault Systems, and Thales group. These players are significantly investing in R&D to improve their technological capabilities and compete at a global level.