The rise in the defense sector globally is escalating the growth of air defense system market. Additionally, surge in defensive expenditure, rise in safety regulations for aircraft, and expansion of air defense sector positively affect the air defense system market. dbmr=global-air-defense-system-marketGlobal Air Defense System Market Scope and Market SizeThe air defense system market is segmented on the basis of type, component, range and platform. On the basis of range, the air defense system market is segmented into long range air defense (LRAD) system, medium range air defense (MRAD) system, and short range air defense (SHORAD) system. Competitive Landscape and Air Defense System Market Share AnalysisThe air defense system market competitive landscape provides details by competitor.

The global Air Defense Systems Market is estimated to be valued at US$ 16. The platforms segment is further divided into land-based air defense, naval-based air defense, and airborne air defense. This is mainly due to the growing adoption of advanced short-range air defense (SHORAD) and medium-range air defense (MRAD) systems by various countries. The global Air Defense Systems Market is estimated to be valued at US$ 16. Major countries in this region are focusing on developing advanced long range surface to air missile systems as well as next generation short range air defense systems. For instance, BASF is working on upgrading its Patriot air defense missile system and Bayer CropScience has partnered with other players for co-development of new very short range air defense guns/cannons.