Asia-Pacific Air Defense Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Asia-Pacific Air Defense Systems Market is segmented by Platform (Land-based, Air-based, Sea-based), and Geography.

Market Snapshot

asia-pacific air defense systems market overview
Study Period: 2018 - 2026
Base Year: 2020
CAGR: >7 %

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Market Overview

The Asia-Pacific Air Defense Systems Market is projected to grow with a CAGR of more than 7% during the forecast period.

  • The increasing geopolitical conflicts and border tensions between the neighbouring countries in the region are forcing them to increase their military expenditure. This increase in military expenditure is propelling the investments into air defense systems, which is generating demand for the air defense systems market in the Asia-Pacific region.
  • With advancements in technology like the development of advanced threats like hypersonic missiles, there is a growing need for better air defense systems. Due to this growing requirement, companies are developing advanced threat detection systems and countermeasures systems to counter UAVs, aircraft, missiles and rocket, artillery, and mortar threats. Such developments are expected to accelerate the growth of the market in the coming years.

Scope of the Report

The scope of the study includes all the radars and interceptors used by air, land, and sea platforms to detect and destroy incoming threats of missiles (ballistic and cruise), aircraft, UAVs, rockets, artillery, and mortars. MANPADs, pedestal mounted MANPADs, and remote weapon stations that can defend against incoming airborne threats, automatically tracking, targeting, and firing are also included in the study. Furthermore, short-range air defense systems have a range of about 8 km, medium-range air defense systems have a range of 8 km to 40 km, and long-range air defense systems have a range of over 40 km.

Platform
Land-based
Air-based
Sea-based
Countries
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific

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Key Market Trends

The Land Segment of the Market has Highest Share in 2019

The land segment of the market currently dominates the market and is expected to continue its dominance in the market during the forecast period. This is mainly due to increased investments of the countries against a wide range of threats like missiles (ballistic and cruise), aircraft, UAVs, rockets, artillery, and mortars. For instance, in April 2018, Rheinmetall received a contract worth USD 125 million (EUR 100 million), to supply Skyshield air defense systems to an undisclosed customer in the Asia-Pacific region. Also, to enhance its ground defense capabilities, the Department of National Defense (DND) of the Philippines received Special Allotment Release Order (SARO) for its Ground-Based Air Defense System (GBADS) Acquisition Project in June 2019. In early 2019, the DND of Philippines announced its plan to acquire SPYDER (Surface-to-air PYthon and DERby) air defense system from Rafael Advanced Defense Systems. Similar investments from various countries for the protection of their land borders is expected to propel the growth of the market during the forecast period.

asia-pacific air defense systems market segment

China is Expected to Witness the Highest CAGR During the Forecast Period

China is expected to witness the highest growth in the air defense market during the forecast period. The growing military spending of the country fueled by the geopolitical tensions and border disputes of the country with its neighboring countries is driving the investments into the procurement of advanced air defense systems. The country is the highest defense spender in the Asia-Pacific region with military spending of USD 261 billion in 2019. Further in May 2020, the government of China announced a military budget of USD 178 billion with an increase of 6.6% compared to the previous year. China has recently conducted a technical inspection of the second batch of S-400 air defense systems from Russia. The country is currently focused on indigenously manufacturing of new air defense systems. Earlier in 2018, the country unveiled new FM-2000 short-range air defense missile system at the AirShow China 2018. Such developments are anticipated to bolster the growth of the market

asia-pacific air defense systems market geography

Competitive Landscape

Some of the prominent players in the Asia-Pacific Air Defense Systems Market are Almaz-Antey, Israel Aerospace Industries Ltd., Raytheon Technologies Corporation, Leonardo S.p.A., and Hanwha Defense. The market is dominated by international and regional air defense system manufacturers equally. Further, in the coming years, the market share of regional players is expected to increase due to increased investments of the governments to support local manufacturing. For instance, in India, under the Indian Ballistic Missile Defense Program, Defense Research and Development Organization (DRDO) is indigenously developing multi-layered ballistic missile defense system against the incoming threats. Also, to increase their presence and share in the market, the companies are investing heavily in research and development of advanced air defense systems with better detection and countermeasure systems.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Platform

      1. 5.1.1 Land-based

      2. 5.1.2 Air-based

      3. 5.1.3 Sea-based

    2. 5.2 Countries

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Almaz-Antey

      2. 6.1.2 Israel Aerospace Industries Ltd.

      3. 6.1.3 Raytheon Technologies Corporation

      4. 6.1.4 Leonardo S.p.A.

      5. 6.1.5 Hanwha Defense

      6. 6.1.6 Rafael Advanced Defense Systems

      7. 6.1.7 Defense Research and Development Organization

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Air Defense Systems Market market is studied from 2018 - 2026.

The Asia-Pacific Air Defense Systems Market is growing at a CAGR of >7% over the next 5 years.

Almaz-Antey, Israel Aerospace Industries Ltd., Raytheon Technologies Corporation, Leonardo S.p.A., Hanwha Defense are the major companies operating in Asia-Pacific Air Defense Systems Market.

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