Global Man-Portable Air-Defense System (MANPADS) Market: Envisions Steady Growth with 8.19% CAGR Projection by 2030.

In-Depth Analysis of the Global Man-Portable Air-Defense System (MANPADS) Market: 2024-2030 Forecasts

MarkNtel Advisors has recently released an in-depth study on the Man-Portable Air-Defense System (MANPADS) Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.

How big is the Man-Portable Air-Defense System (MANPADS) Industry?

The Global Man-Portable Air-Defense System (MANPADS) Market is projected to grow at around 8.19% CAGR during the forecast period, i.e., 2024-30. 

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Who are the top players in the Man-Portable Air-Defense System (MANPADS) Market?

• 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

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

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)

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Regional/ Countries Insight:

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

What are the primary market drivers influencing the growth of Man-Portable Air-Defense System (MANPADS) Market?

Global Man-Portable Air-Defense System (MANPADS) Market 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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Gain a Competitive Edge with Market Research Report

1. The Global Man-Portable Air-Defense System (MANPADS) Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
2. Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
3. The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
4. Apart from market trends and projections, the Global Man-Portable Air-Defense System (MANPADS) Market Report assists in assessing and mitigating risks associated with entering or operating in the market
5. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.

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