The Global Man-Portable Air-Defense System (MANPADS) Market size is estimated to grow at a CAGR of around 8.19% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Global Man-Portable Air-Defense System (MANPADS) Market Driver:
Surging Geopolitical Tensions Between Countries to Increase the Demand for MANPADS – The demand for Man-Portable air defense systems (MANPADS) is expected to increase in response to rising conflicts between countries, including Russia and Ukraine, Israel, and rebels in the Gaza Strip, Iran, Syria, Yemen, etc. Also, countries like India, Pakistan, China, Turkey, etc., have been procuring the MANPADS to upgrade their existing defense hardware. Furthermore, in times of heightened geopolitical tensions or conflicts, countries may seek to establish or maintain air superiority.
MANPADS are used to protect critical military assets, such as command and control centers, supply depots, and strategic infrastructure, from aerial attacks. For instance, during the conflict between Russia and Ukraine, MANPADS from several countries are deployed in Ukraine. The NATO countries provided numerous MANPADS to the Ukrainian troops and mobile air defense units, making the low-altitude flying of Russian fixed-wing and rotary aircraft sorties deep into Ukraine “prohibitively costly, which significantly drove the demand for MANPADS globally.
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Global Man-Portable Air-Defense System (MANPADS) Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Component
- Missile- Market Size & Forecast 2019-2030, (USD Million)
- Launching Mechanism (Gripstock)- Market Size & Forecast 2019-2030, (USD Million)
- Battery - Market Size & Forecast 2019-2030, (USD Million)
- By Missile Type
- Infrared (IR) Homing Missile- Market Size & Forecast 2019-2030, (USD Million)
- Command Lone-of-Sight (CLOS) Missile- Market Size & Forecast 2019-2030, (USD Million)
- Laser Beam Missile- Market Size & Forecast 2019-2030, (USD Million)
- By Range
- Short Range (Up to 5Km)- Market Size & Forecast 2019-2030, (USD Million)
- Medium Range (5Km-10Km)- Market Size & Forecast 2019-2030, (USD Million)
- Long Range (10Km-20Km)- Market Size & Forecast 2019-2030, (USD Million)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - MBDA, Saab AB, Mesko, JADARA Equipment & Defense Systems, General Dynamics Corporation, Rheinmetall AG, KB Mashynostryeniya, Sputnik, Raytheon Technologies Corporation, Leonardo S.p.A, Lockheed Martin Corporation, Israel Aerospace Industry (IAI), Thales, etc are looking forward to strengthening their market positions.
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