Asia second largest market for AAD systems in next decade
In the next 10 years the Asia-Pacific region will be a highly dynamic market for artillery and air defence systems, according to Defence Insight’s soon to be released market forecast on the sector.
There are currently 84 major acquisition programmes across the region and cumulatively the market is estimated to be worth $48 billion between 2019 and 2029, making it the second largest globally after Europe. The full report, titled The Artillery and Air Defence Market Report and Forecast 2019-2029, will be released next week.
India, Japan and South Korea are expected to be the three largest markets
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Personalised news alerts
- Daily and weekly newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from The best of Defence Insight
-
![Defence Insight: Year in Review (Video)]()
Defence Insight: Year in Review (Video)
In 2019, Defence Insight has been improving its database improving existing content and upgrading the export functionality. In the Sea domain, we expanded the scope …
-
![Defence Insight: Expansion and analysis]()
Defence Insight: Expansion and analysis
It has been a busy year for the Defence Insight team. We have done a lot of work in the engine room of the database, …
-
![Defence Insight: Year in review (Naval)]()
Defence Insight: Year in review (Naval)
The year has been an eventful one, with multiple major contracts announced and new generations of vessels entering service. The US Navy continued its drive towards …
-
![Defence Insight: Year in review (Land)]()
Defence Insight: Year in review (Land)
The past 12 months have proven to be a particularly eventful year for the armoured vehicle market, with several major contracts finalised, decisions announced and …
-
![Defence Insight: Future market forecast (Air)]()
Defence Insight: Future market forecast (Air)
The military fixed-wing sector was dominated by aircraft in 2019 with F-35, next-generation fighter aircraft and AWACs awards hitting the headlines.Lockheed Martin’s F-35 is the …
-
![Defence Insight: Air year in review (video)]()
Defence Insight: Air year in review (video)
Market shifts across the air domain saw a shake up for the F-35 programme as the US moved to cut Turkey from the fighter project, …
