As per current published report by Markntel Advisors the 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. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.

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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.

The Man-Portable Air-Defense System (MANPADS) Market has segmented the market into the following categories:

By Component

(Missile, Launching Mechanism (Gripstock), Battery),

By Missile Type

(Infrared (IR) Homing Missile, Command Lone-of-Sight (CLOS) Missile, Laser Beam Missile),

By Range

(Short Range (Up to 5Km), Medium Range (5Km-10Km), Long Range (10Km-20Km))

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By Region

- North America

- South America

- Europe

- The Middle East & Africa

- Asia-Pacific

Competitive Environment Featuring Key Players:

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

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-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions

-Using Porter's Five Forces approach, provides a thorough examination of the market from a variety of angles.

-Uses the value chain to offer market intelligence.

-The state of the market dynamics and potential for future market expansion

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