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

Man-Portable Air-Defense System (MANPADS) Market

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

Dive into the latest insights on the Global Man-Portable Air-Defense System (MANPADS) Market with our comprehensive report, accurately curated by the experts at MarkNtel Advisors. Our report offers a thorough examination of the global landscape, providing valuable data, impartial analysis, and strategic insights to drive informed decision-making.

Report’s Study Period:

  • Historical Period: 2019-22
  • Base Year: 2023
  • Forecasting Period: 2024-30

We accurately gather data from primary and secondary sources, capturing the industry’s historical fluctuations and trends, including market dynamics, consumer behavior, manufacturing insights, and more. Leveraging this data alongside the base year information, we project the industry’s trajectory into the future.

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Industry Driving Factor:

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.

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

Our report delves into the intricate segmentation of the Man-Portable Air-Defense System (MANPADS) Market, providing insights into each subdivision’s trajectory, trends, and advancements. This analysis empowers stakeholders to navigate the industry landscape with precision, understanding the nuances of each segment.

-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)

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

  • 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

Geographical Reach:

The Man-Portable Air-Defense System (MANPADS) Industry spans across various regions, each characterized by unique cultural, regulatory, and economic factors. Our regional analysis provides a comprehensive overview and forecast, considering these differences and assessing market players’ presence, consumer preferences, and more.

-By Region

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

For inquiries or further discussions, connect with our analyst today to unlock the full potential of the Man-Portable Air-Defense System (MANPADS) Industry.

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Key Focus Areas:

  • What are the primary drivers and trends influencing the Man-Portable Air-Defense System (MANPADS) Industry’s growth, and how is the market structured?
  • How are segments within the Man-Portable Air-Defense System (MANPADS) Industry defined, and what is the size of each segment?
  • Which segments and geographical regions present the most promising growth opportunities?
  • What does the competitive landscape look like, and how do key players position themselves within the market?

More Reports:

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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

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