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
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