AIR DEFENSE SYSTEMS MARKET ANALYSIS

Air Defense Systems MarketSize and Trends

The global air defense systems market size was valued at US$ 14.9 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 13.70% from 2023 to 2030. The Air Defense Systems market is a growing market with considerable growth opportunities. Rising demand for efficient and effective air defense systems is a driving force behind the market's rapid growth. Moreover, technological advances in the weapon systems are also creating favorable conditions for the industry. As a result, the market is likely to witness an increased growth during the forecast period.

Global Air Defense Systems Market Trends:

Emergence of novel technologies is a growing trend in the market

Several countries are focused on new technologies in the defense sector. For instance, the government of China is focused on the quantum radar technology that is based on quantum illumination for stealth detection of aircraft. The quantum illumination is a process of isolating entangled photons. However, developing a reliable operational system can be challenge after overcoming shortcomings of this technology. Nevertheless, the trend of countries focusing on novel technologies is likely to continue in the global air defense systems market over the forecast period.

Growing demand for hypersonic threat detection is a major trend

The hypersonic threat detection is becoming more of a priority all over the world, the number of defense agencies working on ways to detect as well as track these threats from space, specifically from the lower orbits with the use of different EO/IR sensors is increasing. Due to the wider view from space, the tracking and targeting of advanced threats like hypersonic glide vehicles becomes more facilitated. Thus, the demand for such advanced threat detection systems is increasing all over the world, which in turn is expected to augment growth of the market.