Latin America Ground-based Air Defense Systems Market Size & Outlook
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Latin America ground-based air defense systems market highlights
- The Latin America ground-based air defense systems market generated a revenue of USD 1,812.7 million in 2024.
- The market is expected to grow at a CAGR of 4.5% from 2025 to 2033.
- In terms of segment, mobile platforms was the largest revenue generating platform in 2024.
- Mobile Platforms is the most lucrative platform segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2033.
Latin America data book summary
| Market revenue in 2024 | USD 1,812.7 million |
| Market revenue in 2033 | USD 2,648.4 million |
| Growth rate | 4.5% (CAGR from 2025 to 2033) |
| Largest segment | Mobile platforms |
| Fastest growing segment | Mobile Platforms |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Ground-Based Platforms, Mobile Platforms, Vehicle Mounted Platforms |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.9% of the global ground-based air defense systems market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,324.8 million by 2033.
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Ground-Based Air Defense Systems Market Scope
Ground-Based Air Defense Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hanwha Systems | View profile | 501-1000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.hanwhasystems.com |
| Rafael Advanced Defense Systems | View profile | 5001-10000 | Haifa, Hefa, Israel, Asia | http://www.rafael.co.il/Marketing/203-en/Marketing.aspx |
| Israel Aerospace Industries | View profile | 10001+ | Lod, HaMerkaz, Israel, Asia | http://www.iai.co.il |
| Saab AB ADR | View profile | 22335 | Olof Palmes gata 17, 5th Floor, Stockholm, Sweden, SE-111 22 | https://www.saab.com |
| Rheinmetall AG | View profile | 25344 | Rheinmetall Platz 1, Dusseldorf, NW, Germany, 40476 | https://www.rheinmetall.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| BAE Systems PLC | View profile | 99800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | https://www.baesystems.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| RTX Corp | View profile | 185000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | https://www.rtx.com |
Latin America ground-based air defense systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ground-based air defense systems market will help companies and investors design strategic landscapes.
Mobile platforms was the largest segment with a revenue share of 48.96% in 2024. Horizon Databook has segmented the Latin America ground-based air defense systems market based on fixed ground-based platforms, mobile platforms, vehicle mounted platforms covering the revenue growth of each sub-segment from 2021 to 2033.
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Target buyers of Latin America ground-based air defense systems market databook
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Our clientele includes a mix of ground-based air defense systems market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ground-based air defense systems market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ground-based air defense systems market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Latin America ground-based air defense systems market size, by country, 2021-2033 (US$M)
Latin America Ground-Based Air Defense Systems Market Outlook Share, 2024 & 2033 (US$M)
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