1. What is the projected Compound Annual Growth Rate (CAGR) of the Short Range Air Defense System?
The projected CAGR is approximately XX%.
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Short Range Air Defense System by Application (Airborne, Land, Naval, Others), by Type (Missile Defense System, Anti-Aircraft System, Counter Rocket System, Counter Artillery System, Counter Mortar (C-RAM) System, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global Short Range Air Defense System market is expected to reach $17.0 billion by 2033, growing at a CAGR of 5% during the forecast period. The market growth is attributed to the rising geopolitical tensions and the need for advanced defense systems to protect critical infrastructure and military assets. The increasing threats from aerial drones, missiles, and rockets are also driving the demand for short-range air defense systems.
Geographically, the market is dominated by North America and Europe, which together accounted for over 60% of the global revenue in 2025. However, the Asia-Pacific region is expected to witness significant growth during the forecast period, driven by the increasing defense spending in the region. The Middle East and Africa region is also expected to register notable growth due to the ongoing conflicts and rising threats from terrorist groups.
The global short-range air defense (SHORAD) system market is projected to reach a value of [US$ XXX million] by 2026, expanding at a CAGR of [XX%] from 2021 to 2026. The growing demand for advanced air defense systems to protect critical infrastructure and military assets from air threats is driving the market growth. Key market insights include:
Several factors are propelling the growth of the SHORAD system market:
Despite the growing demand, the SHORAD system market faces certain challenges:
North America is expected to dominate the SHORAD system market throughout the forecast period, driven by the high demand for advanced defense systems in the United States. Europe is projected to be the second-largest market, owing to the growing security concerns and modernization initiatives in the region. The Asia-Pacific region is anticipated to witness significant growth, driven by rising defense spending and the presence of potential air threats.
The missile defense segment is projected to account for the largest share of the SHORAD system market due to the increasing deployment of surface-to-air missiles (SAMs) for defending against UAVs and cruise missiles. The anti-aircraft segment is also expected to gain significant traction, as it provides protection against fixed-wing aircraft and helicopters.
Some of the leading players in the SHORAD system market include:
This report offers a comprehensive analysis of the SHORAD system market, providing insights into:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of XX% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately XX%.
Key companies in the market include BAE Systems, Leonardo S.p.A., Saab AB, Israel Aerospace Industries, Lockheed Martin Corporation, Rheinmetall AG, Thales Group, Raytheon Technologies Corporation, MBDA, Kongsberg Gruppen, Northrop Grumman, Aselsan, Raytheon Technologies Corporation, Rafael Advanced Defense Systems Ltd, .
The market segments include Application, Type.
The market size is estimated to be USD 17000 million as of 2022.
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The market size is provided in terms of value, measured in million.
Yes, the market keyword associated with the report is "Short Range Air Defense System," which aids in identifying and referencing the specific market segment covered.
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While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
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