According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Man-Portable Air-Defense System Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global Man-Portable Air-Defense System Market Analysis and Size
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.
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Some of the major players operating in the Man-Portable Air-Defense System Market 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.
Man-Portable Air-Defense System Market Growth 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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Market Segment and Geographical Analysis
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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