Global Short-range Air-defense Missile System Market 2018-2022

Global Short-Range Air-Defense Missile System Industry Overview

Technavio’s analysts have identified the increasing focus on SHORAD air-defense capabilities to be one of the major factors driving market growth.  The US army is focusing on increasing SHORAD capabilities in the recent times. Several unmanned aerial systems pose threat to the security of a country and these threats must be tackled with capable systems. The US army is prioritizing SHORAD and has started reactivating units back to its core competency. Moreover, the US government is planning to launch a new and sophisticated ground-based air-defense system as an alternative to the existing short-range RBS-70 missile system.

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Companies covered

The short-range air-defense missile system market is fragmented owing to the presence of a large number of vendors. This short-range air-defense missile system industry analysis report will help the clients identify new growth opportunities and design new growth strategies. Also, this report offers a competitive analysis of the players in the SHORAD missile market along with information on the products offered by the companies.

The report offers a complete analysis of a number of companies including:

• BAE Systems
• General Dynamics
• Lockheed Martin
• MBDA
• Rafael Advanced Defense Systems
• Raytheon

Short-range air-defense missile system market growth based on geographic regions

• Americas
• APAC
• EMEA

In terms of geographic regions, the Americas accounted for the major share in the SHORAD missile market in 2017. The increasing security threats in this region is driving the growth of the market. Moreover, the growing use of missiles and the need to tackle them has led to various development activities.

Short-range air-defense missile system market growth based on products

• Man-portable air-defense systems
• Stationary/platform-mounted air-defense systems

The man-portable air-defense systems segment accounted for the major share of the SHORAD missile market during 2017. According to our research report, the increasing demand for these systems will drive the growth of the market in the next five years.

Key highlights of the global Short-range air-defense missile system market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the short-range air-defense missile system market during the next five years
• Precise estimation of the global short-range air-defense missile system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the short-range air-defense missile system industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of short-range air-defense missile system manufacturers

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the growth of this global market and its stakeholders over the forecast years. Our analysts have also considered how the performance of other related markets in the defense will impact the size of the short-range air-defense missile system market till 2022. Some of the markets most likely to influence the growth of the short-range air-defense missile system market over the coming years are the surface-to-air missiles market and hypersonic missiles market.

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