The Anti-aircraft warfare market is estimated to be USD 20.9 billion in 2023 and is projected to reach USD 28.6 billion by 2028, at a CAGR of 6.5% from 2023 to 2028. The market growth can be attributed to the adoption of unmanned aerial vehicles and increasing threats of air attacks.
Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Thales Group (France), BAE Systems (UK), and General Dynamics Corporation (US) are some of the leading companies in the Anti-aircraft warfare market. To strengthen their position in this market, these companies have implemented various growth strategies, including high R&D investment, new product and service launches, collaborations & expansions, contracts, partnerships, and agreements.
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Lockheed Martin Corporation (US)
Lockheed Martin Corporation is a leading manufacturer of anti–aircraft warfare systems. It has a strong global distribution network and a broad product portfolio with varied applications. In 2022, 74% of its net sales were from the US Government, either as a prime contractor or subcontractor. The company intends to strengthen and expand its core businesses with product research and developments. It develops products majorly for the US defense forces.
In 2022, international customers accounted for 31% of the net sales of the Missile and Fire Control (MFC) segment. The MFC business segment continued to generate significant international interest, most notably in the air and missile defense systems like SPY-7 radar which has the capability to detect, track and engage with multiple ballistic missiles and advanced air threats.
Raytheon Technologies Corporation (US)
Raytheon Technologies Corporation has sales and service affiliates and business partner networks across North America, Europe, Asia Pacific, Middle East, and Latin America. This allows it to provide customer support and consultation across the world. It primarily concentrates on missile defense, electronic warfare, precision weapons, cybersecurity, and training. The company will continue to explore growth opportunities to develop affordable solutions and make them readily available to its international customers through its robust distribution network. The company has a strong product portfolio for anti-aircraft systems including SM-6 Missile, SM-2 Missile, Evolved Seasparrow Missile (ESSM), SeaRAM Ship Defense System, Phalanx Weapon System and Aegis.
Thales Group (France)
Thales Group has earned its profitability through its strong customer base and geographical presence. The company has invested in developing and procuring new military platforms and defense systems, including the Naval Anti Air Warfare Systems, to enhance the capabilities of its existing individual systems and provide real-time integration of multi-function defense systems.
The Naval Anti Air Warfare Systems is based on the NATO Anti Air Warfare (NAAWS) concept. This anti-aircraft warfare system features the following capabilities:
BAE System plc (UK)
BAE Systems plc is a major player in the global anti-aircraft warfare market, competing with other major defense contractors such as Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group and General Dynamics Corporation. The company has a wide range of cutting-edge naval anti-aircraft systems, a global presence, and a strong reputation for delivering high-quality products and services. With products like Sea Viper Evolution, 57mm MK 110 Naval Gun System, Ship Air Defense Model (SADM) etc BAE system is using its technological advancements to compete with other players. Also in January 2021, BAE Systems opens new manufacturing in Australia. This recent development demonstrate BAE Systems' commitment to investing in its anti-aircraft warfare business.
General Dynamics Corporation (US)
General Dynamics Corporation focuses on contracts and agreements from the US government and other defense agencies, which helps generate revenue. The company follows the back-to-basics approach, which helps it improve its performance through margin expansions, cash generation, and return on invested capital. It has adopted these strategies to improve its operational effectiveness. It earns more than 75% of its revenue from the US government. It focuses on becoming the best manufacturer of defense products globally. Its OTS munition portfolio covers a full breadth of land, naval, and air forces applications across all calibers and weapon platforms. The company maintains a market-leading position in supplying guided missile directors and controllers for the Aegis Combat Systems of the US Navy, Japan and Spain.
Anti-aircraft Warfare Market by Capability (Support, Protection and Attack), System (Weapon System, Radar System, Electronic Warfare System, Command and Control System), Platform (Land , Naval and Airborne), Range & Region - Forecast to 2028
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