Please Wait.....
Report
Asia-Pacific Air Defense Systems - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)
Market Report I 2024-02-17 I 90 Pages I Mordor Intelligence
The Asia-Pacific Air Defense Systems Market size is estimated at USD 4.42 billion in 2024, and is expected to reach USD 6.09 billion by 2029, growing at a CAGR of 6.59% during the forecast period (2024-2029).
The nature of air-based warfare has changed in recent years with the advent of more lethal, agile, and untraceable threats having autonomous capabilities. As threats increase, various countries across the globe are compelled to safeguard their territories from potential adversaries at any cost, due to which the emphasis on enhancing air defense capabilities has increased. The increasing geopolitical conflicts and border tensions between the neighboring countries in the region are forcing them to increase their military expenditure. This increase in military expenditure is propelling investments into air defense systems, which is generating demand for the air defense systems market in the Asia-Pacific region.
With advancements in technology, such as 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 rockets, artillery, and mortar threats. However, the inherently high R&D costs and the longer development cycle restrain the growth of the market studied as they expose the market players to global macro-economic uncertainties.
Asia-Pacific Air Defense Systems Market Trends
Land Segment to Witness Highest Growth During the Forecast Period
The land segment currently dominates the market studied and is expected to continue its dominance in the market during the forecast period. The demand for this segment is driven by the rising defense expenditures of major countries such as China, India, Japan, and South Korea. For instance, in 2022, China, India, Japan, South Korea, and Australia alone accounted for 88% of the region's total defense spending. With these rising defense expenditures, these major countries and other countries in the region are increasing their defense capabilities to counter a wide range of threats like missiles (ballistic and cruise), aircraft, UAVs, rockets, artillery, and mortars. For instance, in November 2023, India announced that it was procuring a batch of Igla-S hand-held anti-aircraft missiles from Russia to bolster the army's combat capability. The Igla is a man-portable air defense system (MANPADS) that can be used to bring down enemy aircraft and helicopters.
Various countries in the region are in the phase of developing indigenously made advanced land-based air defense systems to counter geopolitical threats from various neighboring countries. For instance, Taiwan announced that it had entered mass production of the cutting-edge TC-2 air defense system in November 2023. This TC-2 is a short-to-medium-range defense system. The country's army plans to receive 246 Sky Sword II air defense missiles. These TC-2s are designed as a land-based system to counter China's fixed- and rotary-wing aircraft, drones, and cruise missiles. Overall, similar investments from various countries for the protection of their land borders are expected to propel the growth of the market studied during the forecast period.
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 expenditure of the country, fueled by geopolitical tensions and border disputes between the country and its neighboring countries, is driving investments in the procurement of advanced air defense systems. The country is the highest defense spender in the Asia-Pacific region, with military spending of USD 292 billion in 2022, a growth of 2% compared to military spending in 2021. China's current military spending priorities follow the guiding principles set out in the 14th Five-Year Plan (2021-2025). With this mass defense spending, the country is developing advanced weapon systems, such as high-energy laser weapons to intercept aerial targets.
For instance, in August 2023, researchers from the National University of Defense Technology announced that it is in the phase of developing a laser weapon that can be fired indefinitely. If these high-powered laser weapons are developed fully, they might have the potential to be a game-changing technology in advanced warfare, as they could shoot targets such as drones, missiles, and small aircraft at nearly the speed of light at lower costs than interceptor missiles. In addition to this, China South Industries Group Corporation (CSGC) and China North Industries Group Corporation announced that they had developed short-range air-defense systems named Type 625E AA Gun Missile Integrated Weapon System to detect low-flying aircraft such as drones in November 2022. Such developments are anticipated to bolster the growth of the market studied.
Asia-Pacific Air Defense Systems Industry Overview
The Asia-Pacific air defense systems market is semi-consolidated, with local as well as international players providing various types of air defense systems. Some of the prominent players in the Asia-Pacific air defense systems market are Almaz-Antey Corp., IAI, RTX Corporation, Leonardo SpA, and Hanwha Systems. The market is dominated equally by international and regional air defense system manufacturers.
The market share of regional players is expected to increase in the coming years due to increased investments from governments to support local manufacturing. For instance, in India, under the Indian Ballistic Missile Defense Program, the Defence Research and Development Organization (DRDO) is indigenously developing a multi-layered ballistic missile defense system against incoming threats. To increase their presence and share in the market, the companies are also investing heavily in research and development of advanced air defense systems with better detection and countermeasure systems.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Platform
5.1.1 Land-based
5.1.2 Air-based
5.1.3 Sea-based
5.2 Range
5.2.1 Long-range
5.2.2 Medium-range
5.2.3 Short-range
5.3 Geography
5.3.1 China
5.3.2 India
5.3.3 Japan
5.3.4 South Korea
5.3.5 Australia
5.3.6 Rest of Asia-Pacific
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Almaz-Antey Corp.
6.1.2 IAI
6.1.3 RTX Corporation
6.1.4 Leonardo SpA
6.1.5 Hanwha Systems
6.1.6 Rafael Advanced Defense Systems Ltd
6.1.7 Defense Research and Development Organization
6.1.8 Lockheed Martin Corporation
6.1.9 BAE Systems PLC
6.1.10 MBDA
6.1.11 Northrop Grumman Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security