Short-Range Air-Defence Missile System market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the Short-Range Air-Defence Missile System market (drivers, opportunities, industry specific challenges, and other critical issues) along with the Short-Range Air-Defence Missile System market size of various segments.
Short Range Air Defense (SHORAD) missile system is a weapon or technology that involves detection, tracking, interception, and destruction of attacking short-range missiles. Originally, ADMS was used as a defense against nuclear-armed and intercontinental ballistic missiles (ICBMs); however, its application has widened to defense against short-ranged non-nuclear tactical and theater missiles.
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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Short-Range Air-Defence Missile System market projected to grow at a CAGR of 3.66% during the period 2017-2021.
Short-Range Air-Defence Missile System Market Drivers, Challenges and Trends: –
Market Driver: – The number of armed conflicts have been increasing globally in recent years, for example, the isis conflict, the conflict between the lebanon conflict, russia and ukraine conflict over crimea, the syrian civil war, indo-pak conflict over kashmir, and the conflicts between the us and north korea. such tensions across borders and between countries and the development of missiles have led the nations to think about defensive strategies, which has led to the increase in the demand for short-range air defense missile systems. for instance, the wars in iraq and afghanistan have forced defense agencies to develop the air defense missile systems.
Market Challenge: – Rising investments and r&d have increased the complexity in the operation of modern radar systems. the modern anti-ship and the land-attack cruise missiles are hard to detect, due to the reduced radar cross-sections (rcs) of their aerodynamic designs, thereby reducing the defense against cruise and guided missiles. thus, current defense missiles technologies must be improved to counter such threats.
Market trend: – The first step toward defeating a fired ballistic missile is detecting it. The radars are the pivotal elements in the ballistic missile defense system, which rigorously search for attacking ballistic missiles. Once they detect a missile, they acquire, track, and use their powerful technology such as complex computer algorithms to discriminate between the non-threats and warheads, after which if the incoming missile is found to be hostile, the missile defense system attacks and destroys it
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Geographic Segmentation: – Americas, APAC, EMEA
To calculate the Short-Range Air-Defence Missile System market size the report considers the revenue generated from the sales of SHORAD missile systems globally. The report covers the market landscape and its growth prospects over the coming years. Further it converses about key vendors operating in Short-Range Air-Defence Missile System market like General Dynamics, Lockheed Martin, MBDA, Rafael Advanced Defense, Raytheon and many more.
Some of the Exhibits included in Short-Range Air-Defence Missile System Market report: –
Exhibit 01: SHORAD missile system market
Exhibit 02: Comparative analysis
Exhibit 03: Product offerings
Exhibit 04: Segmentation of SHORAD missile system market
Exhibit 05: Global SHORAD missile system market ($ billions)
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With geographic breakdown of the Short-Range Air-Defence Missile System market in terms of detailed analysis and impact, this report provides business dimensions with an eye on growth opportunities and contribution of upcoming market segments.