According to Markntel Advisors Report, Man-Portable Air-Defense System (MANPADS) Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Man-Portable Air Defence Systems (MANPADS) are shoulder-fired surface-to-air missiles (SAMs). They are designed to be operated by a single person or a small team of individuals and are deployed against aerial targets. They are intended to be carried & deployed rapidly by ground forces and are low-cost, light, compact, and mobile.
Global Man-Portable Air-Defense System (MANPADS) Market Research Report & Summary:
The Global Man-Portable Air-Defense System (MANPADS) Market is estimated to grow at a CAGR of around 8.19% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
β’ Historical Years: 2019-22
β’ Base Years: 2023
β’ Forecast Years: 2024-30
Who are the Key Players Operating in the Man-Portable Air-Defense System (MANPADS) Market?
The top companies of the Man-Portable Air-Defense System (MANPADS) Market ruling the industry are:
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
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What is Included in Man-Portable Air-Defense System (MANPADS) Market Segmentation?
The Man-Portable Air-Defense System (MANPADS) Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-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
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Global Man-Portable Air-Defense System (MANPADS) Market Driver:
Surging Geopolitical Tensions Between Countries to Increase the Demand for MANPADS β 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 βprohibitively costly, which significantly drove the demand for MANPADS globally.
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