Ground Based Aircraft and Missile Defense Systems Market by Application and Geography - Forecast and Analysis 2022-2026

The ground-based aircraft and missile defense systems market share is expected to increase by USD 4.24 billion from 2021 to 2026, at a CAGR of 5.46%. This ground-based aircraft and missile defense systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The ground-based aircraft and missile defense systems market report also offers information on several market vendors, including ASELSAN AS, Elbit Systems Ltd., General Dynamics Corp., Hanwha Corp., Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Thales Group, and The Boeing Co. among others. Furthermore, this report extensively covers ground-based aircraft and missile defense systems market segmentation by application (short and medium range and long range) and geography (North America, APAC, Europe, Middle East and Africa, and South America).

What will the Ground-Based Aircraft and Missile Defense Systems Market Size be During the Forecast Period?

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Ground-Based Aircraft and Missile Defense Systems Market: Key Drivers, Trends, and Challenges

The development of new-generation air and missile defense systems is notably driving the ground-based aircraft and missile defense systems market growth, although factors such as threats due to supply chain complexities may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ground-based aircraft and missile defense systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Ground-Based Aircraft and Missile Defense Systems Market Driver

The development of new-generation air and missile defense systems is one of the key drivers supporting the ground-based aircraft and missile defense systems market growth. Various countries are developing advanced weapons that are capable of defeating high-end air defense systems, such as the Patriot Advanced Capability-3 (PAC-3), Medium Extended Air Defense System (MEADS), and the S-400. Countries such as China, India, and Russia have developed hypersonic missiles that are difficult to intercept for missile shields. Russia and India have jointly developed the BrahMos missile, which is difficult to intercept by older missile defense shields. Such developments have led to the requirement for new-generation high-speed air defense electronic warfare systems. Such requirements will drive market growth during the forecast period.

Key Ground-Based Aircraft and Missile Defense Systems Market Trend

Increasing lethal threats posed by unmanned aerial vehicles (UAVs) is one of the key ground-based aircraft and missile defense systems market trends that is contributing to the market growth. Most countries worldwide have been making substantial investments in the development and procurement of lethal, next-generation UAV platforms to augment their security and surveillance capabilities. The increasing number of territorial disputes between countries has resulted in an increased focus on maritime warfare, which has made it necessary for naval agencies to enhance their target acquisition capabilities by acquiring and deploying advanced UAVs and associated payloads and subsystems. Such advancements toward the lethal use of UAVs have stimulated the growth of the global ground-based aircraft and missile defense systems market and are expected to have a positive impact on the market during the forecast period.

Key Ground-Based Aircraft and Missile Defense Systems Market Challenge

Threats due to supply chain complexities is one of the factors hindering the ground-based aircraft and missile defense systems market growth. The manufacturing of ground-based aircraft and missile defense systems is becoming difficult owing to the complexities faced in sourcing and transportation. Forecasting all the requirements is very difficult for defense organizations, and this problem faced by defense organizations also affects the forecast of their service requirements by defense logistics players, which ultimately leads to visibility gaps across the entire defense logistics supply chain. Therefore, such complexities will adversely impact market growth during the forecast period.

This ground-based aircraft and missile defense systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global ground-based aircraft and missile defense systems market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ground-based aircraft and missile defense systems market during the forecast period.

Who are the Major Ground-Based Aircraft and Missile Defense Systems Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• ASELSAN AS
• Elbit Systems Ltd.
• General Dynamics Corp.
• Hanwha Corp.
• Israel Aerospace Industries Ltd.
• Kongsberg Gruppen ASA
• L3Harris Technologies Inc.
• Leonardo Spa
• Lockheed Martin Corp.
• MBDA
• Northrop Grumman Corp.
• Rafael Advanced Defense Systems Ltd.
• Raytheon Technologies Corp.
• Rheinmetall AG
• Saab AB
• Thales Group
• The Boeing Co.

 

This statistical study of the ground-based aircraft and missile defense systems market encompasses successful business strategies deployed by the key vendors. The ground-based aircraft and missile defense systems market is concentrated and the vendors are deploying growth strategies such as product extensions, technological innovations, and the number of contracts, as well as mergers and acquisitions (M and A) to compete in the market.

Product Insights and News

• General Dynamics Corp. - Under the aerospace segment, the company offers business-jet aircrafts under its Gulfstream and Jet Aviation business units.  
• General Dynamics Corp. - The company offers products such as BGM-109G ground-launched cruise missile. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The ground-based aircraft and missile defense systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Ground-Based Aircraft and Missile Defense Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the ground-based aircraft and missile defense systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Ground-Based Aircraft and Missile Defense Systems Market?

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36% of the market's growth will originate from North America during the forecast period. The US is the key market for ground-based aircraft and missile defense systems market in North America. Market growth in this region will be slower than the growth of the market in APAC.

An after-effect of the US withdrawing its troops from Afghanistan will facilitate the ground-based aircraft and missile defense systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 negatively affected all countries in North America, especially the US, which negatively impacted the ground-based aircraft and missile defense systems market. However, manufacturing operations in vendor units have normalized owing to these vaccination drives. Thus, this, in turn, will drive the regional market growth during the forecast period.

What are the Revenue-generating Application Segments in the Ground-Based Aircraft and Missile Defense Systems Market?

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The ground-based aircraft and missile defense systems market share growth by the short and medium-range segment will be significant during the forecast period. Short and medium-range air defense is a group of anti-aircraft weapons and tactics that have to deal with defense against low-altitude air threats, majorly helicopters and low-flying close air support aircraft such as the Sukhoi Su-25 or A-10. Moreover, the medium-range ground-based aircraft and missile defense systems are capable of defending against threats from 8 km to 40 km. Such capabilities will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the ground-based aircraft and missile defense systems market size and actionable market insights on post COVID-19 impact on each segment.

 

Ground-Based Aircraft and Missile Defense Systems Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 5.46%
Market growth 2022-2026	$ 4.24 billion
Market structure	Concentrated
YoY growth (%)	6.03
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	North America at 36%
Key consumer countries	US, China, India, Russia, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ASELSAN AS, Elbit Systems Ltd., General Dynamics Corp., Hanwha Corp., Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Thales Group, and The Boeing Co.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Ground-Based Aircraft and Missile Defense Systems Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive ground-based aircraft and missile defense systems market growth during the next five years
• Precise estimation of the ground-based aircraft and missile defense systems market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the ground-based aircraft and missile defense systems industry across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of ground-based aircraft and missile defense systems market vendors

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