Market Trends of Europe Air Defense Systems Industry
Land-based Segment to Dominate Market Share During the Forecast Period
- Integrated air and missile defense systems deployed on land platforms play a critical role in safeguarding territorial boundaries. Countries are investing in radar systems, missile launchers, and C2 centers to establish a robust land-based air defense infrastructure. Land-based air defense is an important and effective means for neutralizing incoming aerial threats and plays a key role in any integrated air defense system.
- In this regard, several countries are procuring various types of threat detection and countermeasure systems for their armies. Moreover, several countries are developing or ordering advanced ground-launched lasers to neutralize aerial threats, which are scheduled to enter service during the forecast period.
- In January 2024, during a trial, a UK team led by MBDA achieved a groundbreaking milestone by successfully destroying an aerial target for the first time using a high-power shot with its DragonFire laser. This trial, utilizing a direct-energy weapon, marks a significant step forward in the deployment of the system, scheduled to be operational by 2029. Both the UK Royal Army and the Royal Navy have expressed interest in incorporating laser technology for air defense. The UK Ministry of Defence (MoD) plans to finalize the retrofit of a 150-kilowatt-class laser directed-energy weapon for the new Type 26 frigates, with the process set to commence in the early 2030s.
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Russia to Dominate Market Share During the Forecast Period
- Russia is one of the top five defense spenders in the world. The country's massive investments in the defense sector are propelling the indigenous air defense system development programs. The ongoing war with Ukraine has had a profound impact on the Russian air defense systems market. Russia has intensified its focus on bolstering its air defense capabilities. The country has accelerated the deployment of advanced missile systems, radar technologies, and anti-aircraft missiles to enhance its defensive posture.
- Russia with its vast territory and geopolitical influence, Russia invests heavily in modernizing its defense capabilities. The deployment of advanced missile systems, radars, and anti-aircraft weaponry contributes to the overall growth of the European air defense market.
- However, the war has strained Russia's resources, as the increased demand for defense capabilities requires substantial financial investments. Economic pressures from the war, coupled with potential sanctions, may affect the sustained growth of Russia's air defense market for the long term. Additionally, geopolitical tensions have impacted collaborative opportunities with other European nations, leading to a more competitive landscape.
- As of January 2024, Russia began installing S-300 air defense systems around St. Petersburg after Ukrainian drones struck military targets in the surrounding Leningrad Oblast. Russian experts claim that the S-500 can even target satellites in low-earth orbit and fifth-generation stealth aircraft, in addition to its primary targets of cruise and ballistic missiles.
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