Top 20 Air and Missile Defence Systems (AMDS) Companies market set to grow to $27.21bn by 2029

Thursday 6 June 2019, Amsterdam

An Air and Missile Defense System (AMDS) is an arrangement of technical measures along with combat operational capabilities for detecting, identification of, tracking and engaging of ballistic and stealth missiles, fighter aircraft, ships, land & amphibious vehicles, and illegal activity tracking, among others. An AMDS is designed using advanced sensors, features a command & control unit, communication system and fire control system.

The market is estimated considering procurement of Air and Missile Defence Systems for military-based applications, including all major types of military platforms, namely airborne, land and naval. The estimated market also includes maintenance & repair of installed systems and R&D spending by different defence agencies. The projections/market estimates in this report do cover spending on AMDS, but not spending on the missiles used in these systems.

The report analyst commented "The Air and Missile Defence System (AMDS)market is a relatively new and embryonic market. Visiongain believes that this market will enjoy steady growth during the forecast period, and will grow at a CAGR of 6.7% from $13.34 Billion in 2018 to become worth $27.21 Billion in 2029."

The top 20 companies featured in the report are Kongsberg Gruppen, Airbus Group, General Dynamics, Lockheed Martin Corporation, Raytheon Company, MBDA, Northrop Grumman Corporation, Safran, Tactical Missiles Corporation, Rafael Advanced Defence Systems Ltd, Leonardo S.P.A., BAE Systems, Boeing, Rheinmetall AG, Thales Group, Hanwha Corporation, Saab AB, Aerojet Rocketdyne, Israel Aerospace Industries Ltd., and Aselsan A.S.