(EMAILWIRE.COM, September 09, 2023 ) As per Maximize Market research, the Short Range Air Defense System Market was USD 14.1 billion in 2022 and is expected to grow at a CAGR of 14.1 percent over the forecast period to reach USD 20.24 billion by 2029.

Short Range Air Defense System Market Report Scope and Research Methodology

The report's scope encompasses an overview of the market, segmentation by technology and region, competitive analysis, future outlook, and technological advancements. The market Report assesses the market's size, trends, and key players in this sector. The research methodology involves data collection from primary and secondary sources, followed by data analysis and market modeling.

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Short-Range Air Defense System Market Dynamics

The growing global threat of terrorism and asymmetric warfare is expected to create a demand for the short-range air defense system industry to protect military assets from low-altitude aerial threats.

Short Range Air Defense System Market Regional Insights

North America is the largest market for Short Range Air Defense Systems, driven by the significant investment by the US military, and the presence of key players in the regional market.

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Short-Range Air Defense System Market Segmentation

By Type

Radar-Guided Systems
Electro-Optical Systems
Infrared (Eo/Ir) Systems
Jamming Technologies

By Technology

Early-stage melanoma
Advanced-stage melanoma

By Range

Short-range (up to 5 km)
Very short range (up to 2 km)

By Platform Type

Ground-based
Naval-based

By Component

Weapon System
Fire Control System
Command and Control System
Others

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Short Range Air Defense System Key Competitors include

Lockheed Martin Corporation
Raytheon Company
Thales Group
Saab AB
Rheinmetall AG

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