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Innovations In Air-Based Defense Market Driven By Wireless Technology, Miniaturization, And Advanced Manufacturing Techniques: Transformative Forces Shaping the Air Based Defense Equipment Market Landscape in 2025
Innovations In Air-Based Defense Market Driven By Wireless Technology, Miniaturization, And Advanced Manufacturing Techniques: Transformative Forces Shaping the Air Based Defense Equipment Market Landscape in 2025Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Air Based Defense Equipment Industry Market Size Be by 2025?
The market size for air-based defense equipment has seen robust growth in the past few years. The value is expected to expand from $175.05 billion in 2024 to $189.25 billion in 2025, marking a compound annual growth rate (CAGR) of 8.1%. Factors contributing to growth during the historic period include budget allocations, overseas sales prospects, technological progression, and geopolitical conflicts.
What's the Long-Term Growth Forecast for the Air Based Defense Equipment Market Size Through 2029?
In the upcoming years, a significant expansion is anticipated in the market for air based defense equipment, with predictions seeing it reach $244.45 billion by 2029, highlighting a compound annual growth rate (CAGR) of 6.6%. The surge in growth during the forecast period is primarily due to aspects such as budget allocations, modernization and upgrade initiatives, cybersecurity and space domain issues, as well as regional influences. Expected trends over the forecast period embody electrification and lightweighting, use of advanced materials, additive manufacturing processes, digitalization and connectivity, as well as collaborative efforts and partnerships.
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What Are the Key Growth Drivers Fueling the Air Based Defense Equipment Market Expansion?
The growth of the air-based defense market is projected to be fueled by swift advancements in wireless technology and miniaturization, which involves creating smaller equipment components during the forecast period. Moreover, the manufacturing process now incorporates technologies like 3D printing, artificial intelligence, and big data analytics, leading to increased productivity, reduced operating costs, and improved margins. The decrease in operating costs elevates margins, providing companies the leverage to broaden their production and enlarge their product offerings. This, in turn, propels the expansion of the air-based defense equipment market in the historic period.
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What Are the Key Trends Driving Air Based Defense Equipment Market Growth?
Leading firms in the air based defense equipment market are concentrating on creating advanced technology solutions such as ballistic missiles to improve strategic deterrence, precision targeting, and bolster national security against potential threats. Ballistic missiles are weapon systems intended to release explosive payloads over long ranges following a ballistic trajectory, primarily powered through rocket propulsion. As an example, in June 2024, Israel Aerospace Industries, a company dealing in aerospace and defense from Israel, debuted a version of its Lora ballistic missile designed to boost Israel's long-range strike capabilities. These missiles offer considerable benefits, including long-range potential that allows target striking from considerable distances with minimal fuel usage, given they travel outside the atmosphere and use gravity as propulsion. Equipped with advanced navigation systems such as GPS guidance and anti-jamming abilities, these missiles can also be fitted with a range of warheads. This successful launch has put Israel amongst countries with sophisticated air-launched missile technology, showcasing a marked step forward in their military proficiency.
How Is the Air Based Defense Equipment Market Segmented?
The air based defense equipment market covered in this report is segmented -
1) By Type: Fighter Aircrafts, Military Helicopters, Military Gliders and Drones
2) By Operation: Autonomous Air based Defense Equipment, Manual
3) By Component: Weapon System, Fire Control System, Command and Control System, Others
Subsegments:
1) By Fighter Aircrafts: Multirole Fighters, Supersonic Fighters, Stealth Fighters
2) By Military Helicopters: Attack Helicopters, Transport Helicopters, Reconnaissance Helicopters
3) By Military Gliders And Drones: Transport Gliders, Tactical Gliders, Unmanned Aerial Vehicles (UAVs), Combat Drones, Surveillance Drones
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Which Companies Are Leading the Charge in Air Based Defense Equipment Market Innovation?
Major companies operating in the air based defense equipment market include Lockheed Martin Corporation, Airbus Group SE, The Boeing Company, Leonardo SpA, Bae Systems plc, Raytheon Technologies Corporation, Honeywell International Inc., Northrop Grumman Corp, Rostec State Corporation, Textron Inc, Aviation Industry Corporation of China Ltd., General Dynamics Corp, Thales SA, Almaz Antey Corporation, Safran S.A., PJSC United Aircraft Corporation, Mitsubishi Heavy Industries Ltd., United Shipbuilding Corporation, JSC Tactical Missiles Corporation, Rafael Advanced Defense Systems Ltd., Israel Aerospace Industries Ltd., Bharat Electronics Ltd., Hindustan Aeronautics Ltd., Larsen & Toubro Ltd., JSC Rosoboronexport Ltd., Sukhoi Aviation Corporation, ANTK imeni A.N. Tupoleva, Brazilian multinational aerospace corporation, GE Aviation Systems Ltd., Pratt & Whitney Aircraft Company.
Which Regions Are Leading the Global Air Based Defense Equipment Market in Revenue?
Asia-Pacific was the largest region in the air-based defense equipment market in 2023. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the air-based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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