Man-Portable Air-Defense System (MANPADS) Market Size & Insights
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. The growth of the market is propelled by the increasing internal and international military conflicts worldwide and the massive military expenditure by various countries.
What are the Key DROs in the Man-Portable Air-Defense System (MANPADS) Market?
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.
What are the Key Segments in the Man-Portable Air-Defense System (MANPADS) Market?
The Man-Portable Air-Defense System (MANPADS) is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Component
- Missile
- Launching Mechanism (Gripstock)
- Battery
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.
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By Range
- Short Range (Up to 5Km)
- Medium Range (5Km-10Km)
- Long Range (10Km-20Km)
How does geographical analysis highlight in the Man-Portable Air-Defense System (MANPADS) market?
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Europe accounts for a significant share of the Global Man-Portable Air-Defense System Market. European companies, including MBDA, KB Mashynostroyeniya, Rheinmetall AG, etc.
Who are the Key Players in 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 and others.
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Man-Portable Air-Defense System (MANPADS) Market News
- 2022: Raytheon Technology Corporation received a USD624.6 million deal for the procurement of a Stinger Man-Portable Air Defense System (MANPADS) to aid Ukraine in its fight against Russia.
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