Global Ground Based Aircraft and Missile Defense Systems Market 2022-2026

Global Ground Based Aircraft and Missile Defense Systems Market 2022-2026

Technavio has been monitoring the ground based aircraft and missile defense systems market and it is poised to grow by $ 4.24 bn during 2022-2026 decelerating at a CAGR of 5.46% during the forecast period. Our report on the ground based aircraft and missile defense systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the development of new-generation air and missile defense systems, increasing investments in missile defense programs by governments, and rising investments in defense programs by nations to protect from various threats.

The ground based aircraft and missile defense systems market analysis includes the application segment and geographic landscape.

Technavio's ground based aircraft and missile defense systems market is segmented as below:

By Application

• Short and medium range
• Long range

By Geographical Landscape

• North America
• APAC
• Europe
• Middle East and Africa
• South America

This study identifies the increasing lethal threats posed by unmanned aerial vehicles (UAVs) as one of the prime reasons driving the ground based aircraft and missile defense systems market growth during the next few years. Also, increase in border security threats and technological advancements in air defense system capabilities will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on ground based aircraft and missile defense systems market covers the following areas:

• Ground based aircraft and missile defense systems market sizing
• Ground based aircraft and missile defense systems market forecast
• Ground based aircraft and missile defense systems market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ground based aircraft and missile defense systems market vendors that include ASELSAN AS, Elbit Systems Ltd., General Dynamics Corp., Hanwha Corp., Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Thales Group, and The Boeing Co. Also, the ground based aircraft and missile defense systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

ASELSAN AS, Elbit Systems Ltd., General Dynamics Corp., Hanwha Corp., Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Thales Group, The Boeing Co.