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Ground-Based Aircraft and Missile Defense Systems Market to Grow by USD 6.46 Billion from 2025-2029, Driven by New-Generation Systems and AI-Redefined Landscape – Technavio

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NEW YORK, Jan. 13, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global ground based aircraft and missile defense systems market size is estimated to grow by USD 6.46 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  7.1%  during the forecast period. Development of new-generation air and missile defense systems is driving market growth, with a trend towards increasing lethal threats posed by unmanned aerial vehicles (uavs). However, threats due to supply chain complexities  poses a challenge. Key market players include ASELSAN AS, Elbit Systems Ltd., General Dynamics Corp., Hanwha Corp., Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., RTX Corp., Rheinmetall AG, Saab AB, Thales Group, and The Boeing Co..

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Ground Based Aircraft And Missile Defense Systems Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 7.1%

Market growth 2025-2029

USD 6461.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.5

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 54%

Key countries

US, China, India, Russia, France, Germany, Canada, Saudi Arabia, Brazil, and Japan

Key companies profiled

ASELSAN AS, Elbit Systems Ltd., General Dynamics Corp., Hanwha Corp., Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., RTX Corp., Rheinmetall AG, Saab AB, Thales Group, and The Boeing Co.

Market Driver

The Ground Based Aircraft and Missile Defense Systems market is experiencing significant growth due to increasing global defense spending and military procurement. Missile Defense Systems, including Surface-to-Air, Air-to-Air, Anti-Ship, and Interceptor Missiles, are in high demand as countries seek to ensure military supremacy. Advanced technologies like Artificial Intelligence and Machine Learning are being integrated into defense systems for early warning and tactical combat advantage. Companies like Rafael Defense Systems are leading the way with innovative solutions. Ballistic and Hypersonic Missiles, along with Electronic Warfare and Stealth Technology, are key areas of focus. Defense budgets continue to increase in response to cross-border disputes, airspace violations, and terrorist activities. Ground-Based Aircraft and Missile Defense Equipment are essential components of advanced defense systems, with simulation exercises and countermeasures playing crucial roles in their development and deployment. 

The market for Ground Based Aircraft and Missile Defense Systems has witnessed significant growth due to the increasing demand for advanced security and surveillance solutions. The adoption of Unmanned Aerial Vehicles (UAVs) in defense applications has been a key trend, with countries investing in lethal, next-generation UAV platforms. UAVs offer enhanced capabilities for reconnaissance and target acquisition, and some are armed for lethal purposes. Maritime warfare has become a major focus due to territorial disputes, necessitating advanced UAVs and associated payloads and subsystems for naval agencies. Overall, the market for Ground Based Aircraft and Missile Defense Systems is expected to continue growing as defense agencies seek to modernize and strengthen their capabilities. 

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Market Challenges

The Ground Based Aircraft and Missile Defense Systems market is witnessing significant growth due to rising military spending and the increasing threat of missile attacks. Companies like Rafael Defense Systems are at the forefront of developing advanced defense systems to ensure military supremacy. However, challenges such as the development of ballistic missiles with hypersonic capabilities and cross-border disputes pose significant threats. Defense budgets continue to increase to fund the procurement of surface-to-air, air-to-air, anti-ship, and interceptor missiles. Advanced defense systems, including early warning systems, electronic warfare, and stealth technology, are being integrated to provide tactical combat advantage. Simulation exercises and countermeasures are essential to test and improve the effectiveness of these systems. The use of artificial intelligence and machine learning in missile defense is also gaining momentum. Despite these advancements, the market faces challenges such as the need for multi-domain integration and the development of boost-phase intercept technology. Defense equipment manufacturers must stay ahead of these challenges to provide effective solutions for military applications and safeguard against airspace violations, terrorist activities, and surveillance data.The defense logistics supply chain for ground-based aircraft and missile defense systems is intricate and susceptible to security risks, as well as challenges related to procurement, storage, and transportation of defense materials and equipment. Unscheduled military movements during emergencies can cause changes in stock maintenance and transportation. The rise in terrorist activities poses additional security concerns. Complexities in sourcing and transportation make the manufacturing of these defense systems challenging. Defense organizations struggle to forecast their requirements, which in turn affects the forecasting of service requirements by logistics providers, resulting in visibility gaps throughout the defense logistics supply chain.

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Segment Overview 

This ground based aircraft and missile defense systems market report extensively covers market segmentation by  

Application 1.1 Short and medium range1.2 Long rangeGeography 2.1 North America2.2 APAC2.3 Europe2.4 Middle East and Africa2.5 South America

1.1 Short and medium range-  Ground-based aircraft and missile defense systems are essential components of modern military arsenals, focusing on the defense against low-altitude air threats, primarily helicopters and close air support aircraft. This defense category includes short-range and medium-range systems, with High to Medium Air Defense (HIMAD) and Terminal High Altitude Area Defense (THAAD) serving as complements. Short-range systems, like Roketsan’s Tayfun missile, can engage threats from close proximity up to approximately 8 km, while medium-range systems can defend against threats from 8 km to 40 km. In November 2024, Roketsan, a Turkish defense company, showcased their innovations, including the Tayfun short-range ballistic missile, which boasts hypersonic speeds and a range exceeding 280 kilometers (174 miles), ensuring national security against various airborne threats.

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Research Analysis

Ground-Based Aircraft and Missile Defense Systems refer to advanced technological solutions designed to intercept and destroy incoming missiles, ensuring military supremacy and safeguarding territories against threats. The market for these systems is driven by defense spending and military procurement, fueled by the increasing tensions and cross-border disputes. Advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) are being integrated into these systems for early warning, tactical combat advantage, and improved accuracy. Missile Defense Systems protect against various types of missiles, including ballistic missiles, surface-to-air missiles, and air-to-surface missiles. New-generation defense systems are being developed with hypersonic capabilities, electronic warfare, and stealth technology to counteract evolving threats. Ground-based aircraft and defense equipment are also crucial components of these systems, deployed at military bases and used for surveillance and airspace violations. The market for these systems is expected to grow significantly due to the increasing need for advanced defense solutions against terrorist activities and potential enemy missile attacks.

Market Research Overview

Ground-Based Aircraft and Missile Defense Systems refer to advanced technological solutions designed to safeguard nations against various types of missile threats, including ballistic, cruise, and hypersonic missiles. These systems utilize a range of technologies such as Artificial Intelligence (AI) and Machine Learning (ML) for early warning, tracking, and interception. Defense spending and military procurement continue to drive the market growth, with significant investments in Surface-to-Air Missiles (SAM), Air-to-Surface Missiles (ASM), Air-to-Air Missiles (AAM), Anti-Ship Missiles (ASM), and Interceptor Missiles. Advanced Missile Defense systems incorporate Boost-Phase Intercept, Electronic Warfare, Stealth Technology, and Multi-Domain Integration for enhanced tactical combat advantage. Ground-Based Aircraft and Missile Defense Equipment play a crucial role in military applications, including simulation exercises, countermeasures, and interceptor deployment against Ballistic Missiles, Intermediate-Range Missiles, and Hypersonic Capabilities. Geopolitical tensions, Cross-Border Disputes, Defense Budget, Military Bases, Airspace Violations, Terrorist Activities, and Surveillance Data are key factors influencing the market dynamics. Fighter Aircraft and Missile Technology also contribute to the overall landscape of this rapidly evolving industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationShort And Medium RangeLong RangeGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Verkada Expands Leadership Team to Drive JAPAC Channel Growth

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Boudewijn Pesch Joins Verkada as Vice President of JAPAC Channel Sales

SAN MATEO, Calif., Jan. 15, 2025 /PRNewswire/ — Verkada, a leader in cloud-based physical security, today announced the appointment of Boudewijn Pesch as Vice President of Japan and Asia-Pacific (JAPAC) Channel Sales. In his role, Pesch will oversee Verkada’s channel strategy and partnerships across the JAPAC region, working to drive growth and expand the company’s presence in key markets.

“Boudewijn’s extensive experience and proven track record in the JAPAC region make him the ideal leader to further our mission of delivering integrated, privacy-respecting security solutions at scale,” said Eric Salava, Chief Revenue Officer at Verkada. “His leadership will accelerate our efforts to strengthen channel relationships and bring our cutting-edge technology to even more organizations across JAPAC.”

Pesch joins Verkada with over 30 years of experience in sales and regional leadership roles. Most recently, he served as Vice President of APAC at Axis Communications, where he rebuilt the company’s APAC organization to better serve partners and customers. Throughout his career, Pesch has demonstrated a commitment to driving growth through collaboration and building long-term partnerships in the region.

“I am honored to join Verkada and contribute to its growth in the JAPAC market,” said Boudewijn Pesch, Vice President of JAPAC Channel Sales at Verkada. “Verkada’s innovative approach to physical security and business analytics, combined with its dedication to privacy, presents a unique opportunity to transform how organizations understand and protect their communities. I look forward to working with our partners to bring Verkada’s solutions to more customers across the region.”

Verkada’s commitment to the JAPAC region is evident through its growing customer base, which includes organizations such as City Beach, the Chiba Lotte Marines, Brighton Grammar School, and Sharp Fukuyama Laser. The company has also established partnerships with leading integrators and channel partners across the region, ensuring seamless implementation and support for its industry-leading solutions. Today, Verkada has more than 28,000 customers globally, serves 89 of the Fortune 500, and has 2,100+ employees across its 15 global offices. The company is valued at $3.5B and has raised $456.6M to date.

About Verkada  
Designed with simplicity in mind, Verkada’s six product lines — video security cameras, access control, environmental sensors, alarms, workplace, and intercoms — provide unparalleled building security through an integrated, cloud-based software platform. Over 28,000 organizations across 85 countries worldwide, including 89 of the Fortune 500, trust Verkada as their physical security layer for easier management, intelligent control, and scalable deployments. For more information, please visit www.verkada.com.

View original content:https://www.prnewswire.com/apac/news-releases/verkada-expands-leadership-team-to-drive-japac-channel-growth-302350982.html

SOURCE Verkada

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C O R R E C T I O N — MEDIA ADVISORY – Minister Wilkinson to Travel to Washington, D.C.

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WASHINGTON, Jan. 14, 2025 /CNW/ – The Minister of Energy and Natural Resources, the Honourable Jonathan Wilkinson, will take part in a panel discussion with the Woodrow Wilson International Center for Scholars, focusing on the Canada-U.S. energy relationship.

Date: January 15, 2025

Time: 10:30 a.m. ET

All accredited media are asked to pre-register to attend the panel discussion in-person by emailing madison.lipson@wilsoncenter.org by Tuesday, January 14, at 5 p.m. ET. If you would like to view the event virtually, media can register here.

The next day, Minister Wilkinson will hold a media callback (audio-only) to wrap up his visit to Washington, D.C.

Date: January 16, 2025

Time: 9:30 a.m. ET

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. Details on how to participate will be provided upon registration.

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SOURCE Natural Resources Canada

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DeepSight™ Technology Announces the Appointment of Dr. Diku Mandavia, M.D. as Chief Medical Officer

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SANTA CLARA, Calif., Jan. 14, 2025 /PRNewswire/ — DeepSight Technology, a leading innovator in medical device technology, today announced the appointment of Dr. Diku Mandavia as its new Chief Medical Officer (CMO). In this role, Dr. Mandavia will provide medical leadership across all clinical and commercial activities, guiding the development of DeepSight’s cutting-edge ultrasound solutions, including NeedleVue™ Ultrasound System, OnPoint™ Imaging, and the EchoLux™ Ultrasound System.

“We are thrilled to welcome Dr. Mandavia to the DeepSight team,” said Nader Sadrzadeh, Founder and CEO of DeepSight. “His extensive expertise in ultrasound, clinical medicine, research, and strategic leadership will play a crucial role as we continue to innovate and expand our platforms. Dr. Mandavia has a proven track record of bringing transformative medical devices to market, paired with an unwavering commitment to improving patient outcomes and reimagining how healthcare is delivered.”

Dr. Mandavia is a board-certified emergency physician with more than 20 years of clinical and leadership experience. He has extensive knowledge in ultrasound technology and is a recognized pioneer in point of care ultrasound. Prior to joining DeepSight, he served as Chief Medical Officer for both FujiFilm and Sonosite, where he led cross-functional teams, directed large-scale clinical programs, and advised on the development of leading-edge medical imaging solutions. His experience in technology innovation and artificial intelligence further strengthens DeepSight’s commitment to evidence-based solutions designed to enhance patient care and streamline clinical workflows.

“I’m honored to take on the role of Chief Medical Officer at DeepSight,” said Dr. Mandavia. “I’ve been most impressed with the company’s dedication to meaningful clinical impact and its culture of innovation. I look forward to working closely with the team to help bring breakthrough technologies to clinicians and patients worldwide.”

About DeepSight™ Technology

DeepSight Technology is a leading innovator in medical device technology, specializing in advanced ultrasound solutions such as the NeedleVue™ Ultrasound system for enhanced needle guidance with OnPoint™ Imaging for high-resolution visualization from the tip of a needle, and the EchoLux™ Ultrasound System for superior diagnostic capability. DeepSight’s imaging platforms leverage advanced analytics, proprietary algorithms, novel sensor technology and state-of-the-art imaging to deliver actionable insights that significantly empower medical professionals and institutions in an innovative way.  DeepSight’s mission is to revolutionize patient care through state-of-the-art systems, offering unprecedented precision and accuracy for healthcare providers.

For more information, visit www.deepsight.com 

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SOURCE DeepSight Technology, Inc.

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