Press Release

Man-Portable Air-Defense System (MANPADS) Market to Upgrade with Surging Geopolitical Tensions Across Countries

The Global Man-Portable Air-Defense System Market is projected to grow at a CAGR of 8.19% during the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. The Russia-Ukraine war has been one of the crucial aspects assisting the market growth. The triumph of Ukrainian defense forces equipped with MANPADS enticed the attention of several other landlocked states engaged in any sort of military confrontation. Also, the rising agreements between numerous nations like India, Russia, the US, etc., are contributing to augmenting the market growth. For instance, in 2023, Russia signed deals with India to supply Igla-S (MANPAD) to India and initiate production collaboration with an Indian Private Company. In addition, many countries are increasing their defense budget.

In India, the 2021-22 defense budget stood at approximately USD73.65 million, and the US defense spending has risen by USD71 billion from 2021 to 2022. Also, Russia's military investment is at USD140 billion in 2024. Thus, the booming investment in the defense sector to modernize the armed forces and enhance national security creates a favorable investment climate for defense technologies companies. As a result, the raised budget would support technological advancements in military weapons and significantly augment the demand for MANPADS globally.

Moreover, the rising geopolitical tensions between countries like the Russia-Ukraine war, Israel-Palestine, Syria, Iran, etc., led to enhanced market growth, further states the research report, “Global Man-Portable Air-Defense System Market Analysis, 2024.”

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

Infrared (IR) Homing Missile to Hold a Significant Position in the Market

Based on the Missile Type, the market is further bifurcated into, Infrared (IR) Homing Missile, Command Lone-of-Sight (CLOS) Missile, and Laser Beam Missile. Of them, the Infrared Missile type is anticipated to grasp the potential share of the MANPADS Market in the following years. These missiles use passive guidance systems, implying that they operate without emitting signals, making them less detectable by the targeted aircraft's countermeasure systems. Moreover, equipped with infrared sensors, these missiles identify & lock onto airborne vehicles by detecting the heat radiation they emit.

Europe to be Represent as a Major Market for MANPADS

Europe is experiencing escalating growth in the Man-Portable Air-Defense System Market. The region has major MANPADS manufacturers like MBDA, KB Mashynostroyeniya, Rheinmetall AG, etc. The European countries have significant partnerships to supply anti-aircraft missiles (MANPADS) to India, increasing the market growth. Moreover, governments of countries like the UK and Russia are increasing their military and war-related investments.

Additionally, Germany, France, Poland, the Baltic States, etc., have also increased their defense budgets to improve and modernize the stockpile of weapons. For instance, in 2023, the UK spent nearly USD 3.2 million on new weapons stockpiles, elevating the Europe MANPADS Market growth.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including 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, and Others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Global Man-Portable Air-Defense System (MANPADS) Market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography and product adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?