Man-Portable Air-Defense System (MANPADS) Market: 8.19% CAGR Expected During 2024-30 Forecast Period

Global Man-Portable Air-Defense System (MANPADS) Market Insights Report Overview

According to the latest market study by MarkNtel Advisors titled “Global Man-Portable Air-Defense System (MANPADS) Market Industry Size, Share, Trends, Growth, Opportunity Analysis 2024-2030” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

Man-Portable Air-Defense System (MANPADS) Market Overview:

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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Global Man-Portable Air-Defense System (MANPADS) Market Challenge:

Illicit Trade of MANPADS to Impede the Market Growth – Over the past decade, there has been a significant increase in the illicit trade of surface-to-air missiles, also known as man-portable air defense systems (MANPADS). Black market transactions generally include small numbers of MANPADS stolen by individuals from state inventories. MANPADS have been transferred illegally from states to non-state actors. Moreover, black markets have been identified in countries & regions in or around war zones, including Afghanistan, the Balkans, Iraq, Lebanon, Myanmar, Sri Lanka, and many African countries, including Rwanda and Somalia. Hence, as a result, the illicit trade of MANPADS has been impacting the Man-Portable Air-Defence System (MANPAD) Market growth.

Competitor Insight: Man-Portable Air-Defense System (MANPADS) Market

This report focuses on major market participants like:

  • MBDA
  • Saab AB
  • Mesko
  • JADARA Equipment & Defence Systems
  • General Dynamics Corporation
  • Rheinmetall AG
  • KB Mashynostroyeniya
  • Sputnik
  • Raytheon Technologies Corporation
  • Leonardo S.p.A
  • Lockheed Martin Corporation
  • Israel Aerospace Industry (IAI)
  • Thales
  • Others

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Segmentation Summary: Man-Portable Air-Defense System (MANPADS) Market

This segmentation analysis outlines prominent sections in the report’s table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Man-Portable Air-Defense System (MANPADS) Market, with notable highlighting on:

-By Missile Type

  • Infrared (IR) Homing Missile
  • Command Lone-of-Sight (CLOS) Missile
  • Laser Beam Missile

Infrared Missiles captured the prominent share of the MANPADS Market over the past period and are presumed to follow the same trend in the years ahead. They are most widely used in the defense sector and are designed for ‘home in’ on a heat source of an aircraft. These missile types utilize passive guidance systems, i.e., they do not emit signals, thus making them more difficult to detect by a targeted aircraft using countermeasure systems. The missiles fitted with Infrared (IR) identify and target the airborne vehicle through heat radiation being emitted by the latter. They are considered the easiest to operate & include the Soviet-era Strela and Igla weapons, which were fielded after the collapse of the Soviet Union, as well as the US Stinger.

-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 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)

Man-Portable Air-Defense System (MANPADS) Market Geographical Reach:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

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Key Questions Addressed:

  • Factors Driving Market Growth: Understand the primary drivers propelling the Man-Portable Air-Defense System (MANPADS) market forward.
  • Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
  • Growth Projections: Gain insights into anticipated growth projections for the coming years.
  • Geographical Hotspots: Identify geographical poised for significant market growth soon.

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