Man-Portable Air-Defense Systems (MANPADS) Market Is Set To Reach 31.64 USD Billion By 2033, Growing At A CAGR Of 13.8

Key Insights

The Man-Portable Air-Defense Systems (MANPADS) Market size was valued at USD 12.8 USD Billion in 2023 and is projected to reach USD 31.64 USD Billion by 2032, exhibiting a CAGR of 13.8 % during the forecast period. MANPADS stands for Man-Portable Air-Defense System, which is a portable ground-to-air missile system utilized by single operators or small groups to shoot down aircraft and helicopters. The main categories are infrared-homing missiles, radar-guided missiles, and laser-guided missiles. MANPADS are classified as infrared, radar, and laser depending on their guidance system Infrared-guided MANPADS uses the heat of the engines of the aircraft while the radar-guided system locks the target through radar, and the laser-guided uses a laser beam for direction. Easy mobility, simplicity in handling, and the ability to launch them in the shortest time are the main characteristics of MANPADS. Such systems are often employed in the military sphere as air defenses at short distances, guarding important facilities, and sometimes by militants in wars.

Man-Portable Air-Defense Systems (MANPADS) Trends

• Integration of advanced technologies, such as infrared seekers and laser guidance systems
• Increasing adoption of shoulder-fired MANPADS with enhanced range and accuracy
• Growing focus on counter-drone capabilities
• Development of next-generation MANPADS with increased lethality and reduced collateral damage

Driving Forces: What's Propelling the Man-Portable Air-Defense Systems (MANPADS) Market

• Accelerated Military Modernization: Rising geopolitical tensions and conflicts are fueling the need for advanced defense systems, including MANPADS.
• Evolving Aerial Threats: The proliferation of drones and unmanned aerial vehicles (UAVs) presents a significant threat to airspace security, driving demand for reliable MANPADS capabilities.
• Proliferation and Misuse: The uncontrolled spread of MANPADS in conflict zones and the potential for misuse by terrorist groups pose a major concern, necessitating effective countermeasures.
• Technological Advancements: Continuous research and development lead to enhancements in MANPADS systems, such as improved accuracy, range, and guidance capabilities, driving market growth.
• Economic Justification: MANPADS systems offer cost-effective defense against aerial threats, making them an attractive option for defense budgets facing constraints.

Challenges and Restraints in Man-Portable Air-Defense Systems (MANPADS) Market

• Technological complexities and high production costs
• Strict regulations and export controls
• Concerns over potential misuse or proliferation of MANPADS
• Availability of alternative air defense systems

Emerging Trends in Man-Portable Air-Defense Systems (MANPADS)

• Integration of artificial intelligence (AI) for enhanced threat detection and tracking
• Development of MANPADS with multiple engagement capabilities
• Focus on reducing weight and increasing portability
• Growing importance of directed energy weapons (DEWs) for air defense

Growth Catalysts in Man-Portable Air-Defense Systems (MANPADS) Industry

• Strategic partnerships and collaborations between defense contractors and governments
• Government investments in research and development
• Adoption of innovative technologies to address evolving threats
• Increasing need for portable and flexible defense systems

Market Segmentation: Man-Portable Air-Defense Systems (MANPADS) Analysis

Component:

• Missile
• Launching Mechanism (Gripstock, tripod)

Missile Type:

• IR Homing Missile
• Command Line-Of-Sight (CLOS)

Range:

• Short Range (Up to 5Km)
• Medium Range (5-10Km)
• Long Range (10Km+)

Leading Players in the Man-Portable Air-Defense Systems (MANPADS) Market

• Raytheon Technologies Corporation
• Thales
• MBDA
• SAAB
• Mesko
• Lockheed Martin Corporation
• General Dynamics Corporation
• IAI
• KB Mashinostroyeniya

Significant developments in the Man-Portable Air-Defense Systems (MANPADS) Sector

• Development of the Stinger Block II MANPADS by Raytheon Technologies Corporation
• Introduction of the Starburst MANPADS by MBDA
• Collaboration between General Dynamics and Lockheed Martin for the development of a laser-based MANPADS

Comprehensive Coverage Man-Portable Air-Defense Systems (MANPADS) Market Report

• Market Overview: Detailed analysis and estimation of the global MANPADS market size and its growth trajectory.
• Key Trends and Influencers: Identification of the driving forces, challenges, and emerging opportunities shaping the market.
• Competitive Landscape: In-depth profiles of key players, including their market share, product offerings, and strategies.
• Geographic Segmentation: Regional analysis of market trends, demand dynamics, and competitive dynamics, covering North America, Europe, Asia-Pacific, and others.
• Future Outlook: Prognostications on market growth potential, technological advancements, and industry trends impacting the MANPADS sector.

Regional Insight

The market for Man-Portable defense systems (MANPADS) is highly fragmented due to the presence of a large number of regional players. North America is expected to hold the largest market share, followed by Europe and Asia-Pacific.