According to the research report titled ‘Europe Air Defense System Market Size By System, Component, Range, Industry Analysis Report, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report, Europe air defense system market is expected to surpass USD 10 billion by the year 2026.
 

Inclination towards modernizing existing military infrastructure coupled with growing demand for better SA (Situational Awareness) technology are prime factors fostering the demand for air defense systems in Europe. Escalating government expenditure towards reinforcing the defense sector is further aiding growth opportunities for industry partakers.
 

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As it appears from the findings of the report, the land application segment is predicted to hold 70% market share by the year 2026. Such type of air defense systems offer real-time information during warfare. Moreover, land-based air defense systems are widely used for military and homeland security purposes. Increasing investments towards R&D activities in order to develop advanced defense technologies is fueling the segmental share.
 

As per system type, the air defense radar segment is expected to account for 80% market share by the year 2026. Rising adoption of radar systems in airborne, land, and naval applications coupled with increasing geopolitical concerns and territorial conflicts are propelling the product demand. Availability of advanced surveillance systems and focus among major countries towards improving their technological capabilities is boosting the market outlook.
 

The major companies that define the competitive spectrum of Europe air defense system market are Diehl Defence GmbH & Co. KG, JSC Concern VKO "Almaz-Antey", L3Harris Technologies Inc., Rafael Advanced Defense Systems Ltd., General Dynamics Corporation, Hanwha Corporation, The Boeing Company, Northrop Grumman Corporation, MBDA, The Raytheon Company, Kongsberg Gruppen, Thales Group, Rheinmetall AG, BAE Systems plc, Leonardo S.p.A., Lockheed Martin Corporation, Israel Aerospace Industries Ltd., and Saab AB among others.