Man-Portable Air-Defense System (MANPADS) Market Booms with 8.19% CAGR Forecast for 2024-30

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?

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