(Aviation-NewsWire.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.
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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