How large is the air based defense equipment market, and what is its growth trajectory?
The air based defense equipment market size has grown strongly in recent years. It will grow from $175.05 billion in 2024 to $189.25 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to budget allocations, export opportunities, technological advancements, geopolitical tensions.
The air based defense equipment market size is expected to see strong growth in the next few years. It will grow to $244.45 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to budget priorities, modernization and upgrades, cybersecurity and space domain, regional factors. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships.
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What are the key forces behind the air based defense equipment market’s growth in recent years?
Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in the air-based defense market, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins. This allows companies to expand production and increase product portfolios, thus driving the growth of the air-based defense equipment market in the historic period.
What are the major segments of the air based defense equipment market?
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 dominate the air based defense equipment market?
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.
What major trends will shape the air based defense equipment market during the forecast period?
Major companies operating in the air based defense equipment market are focusing on developing technologically advanced solutions, such as ballistic missiles, to enhance strategic deterrence, improve precision targeting, and strengthen national security capabilities against emerging threats. Ballistic missiles refer to weapon systems designed to deliver explosive payloads over long distances through a ballistic trajectory, primarily powered by rocket propulsion. For instance, in June 2024, Israel Aerospace Industries, an Israel-based aerospace and defense company, launched a variant of its Lora ballistic missile to enhance Israel’s long-range strike capabilities. Ballistic missiles offer significant advantages, including long-range capabilities that allow them to strike targets from great distances with minimal fuel consumption as they travel above the atmosphere and utilize gravity for propulsion. The missile features advanced navigation systems, including GPS guidance and anti-jamming capabilities, and can be equipped with various warheads. This successful launch positions Israel among nations with advanced air-launched missile technology, reflecting a significant advancement in its military capabilities.
What are the key regional dynamics of the air based defense equipment market, and which region leads in market share?
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.
What Does The Air Based Defense Equipment Market Report 2025 Offer?
The air based defense equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The air-based defense equipment refers to support and auxiliary equipment used in air-based defense operations such as aircraft, and radars. The main components of air-based defense equipment or systems include mobile pieces in air and composite installations on ground.
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