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Steady Expansion Forecast for Man-Portable Air Defense Systems Market, Projected to Reach $6.47 Billion by 2029
Man-Portable Air Defense Systems
Man-Portable Air Defense Systems Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the market size for man-portable air defense systems has seen robust growth. The market value is set to rise from $4.83 billion in 2024 to $5.13 billion in 2025, marking a compound annual growth rate (CAGR) of 6.2%. The growth during this historic period can be linked to escalating global military conflicts, a surge in terrorist activities, growing need for portable air defense solutions, increase in asymmetric warfare, larger defense budgets, and the need for improved protection for troops against low-level airborne threats.
Man-Portable Air Defense Systems Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are that the man-portable air defense systems market will witness robust growth over the coming years, swelling to a market size of $6.47 billion by 2029. This represents a compound annual growth rate (CAGR) of 6.0%. Several factors contribute to this projected growth in the forecasted period, including an upsurge in drone threats, escalating defense modernization programs, a rising need for portable anti-aircraft solutions, regional geopolitical uncertainties, increased emphasis on border security, and boost in military counter-air systems investments. The period will also see some significant trends like improved infrared homing tech, enhanced systems for target recognition, integration with battlefield networks, designs that are both lightweight and ergonomic, increased range and precision, countermeasure-resistant guidance, and progress in drone technology.
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What Are the Drivers Transforming the Man-Portable Air Defense Systems Market?
The growth of the man-portable air defense systems market is set to be propelled by the expanding defense budget. The defense budget, which pertains to the monetary resources a country's military allocates for the procurement, renewal, and upkeep of its ammunition inventory, including bullets, shells, and missiles, is on the rise. This increase is primarily attributed to escalated geopolitical tensions that spur nations to bolster military readiness and modernization efforts in a bid to reinforce national security. Thanks to the surge in defense budgets, advancements in man-portable air defense systems are gaining momentum, with higher investments being directed towards leading-edge tech, enhanced performance, and broader deployment. For example, as per the House of Commons Library in the UK, in December 2023, the UK secured defense orders valued at $16.04 billion (£12.0 billion) in 2022 in real terms, marking a sharp upswing of $6.15 (£4.6 billion) from the previous year. This highlights a substantial surge in defense procurement and spending on sophisticated military prowess. Consequently, the mounting defense budget is steering the growth trajectory of the man-portable air defense systems market.
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What Long-Term Trends Will Define the Future of the Man-Portable Air Defense Systems Market?
Leading corporations in the man-portable air defense systems market are placing emphasis on technological innovations like laser-guided missile systems to upgrade the accuracy and efficiency of contemporary air defense capabilities. These laser-guided missile systems are sophisticated weapon technologies that utilize laser beam guidance to accurately track and hit aerial targets, thereby minimizing collateral damage and enhancing interception success. To illustrate, Bharat Dynamics Limited (BDL), a defense company headquartered in India, unveiled Sanharika, a laser-guided short-range air defense system fixed on the ARMADO light strike vehicle, at DefExpo 2022 in October 2022. Co-developed with Thales UK, Sanharika comes with a laser beam riding missile (LBRM) built for quick deployment and superior mobility. This system provides an economical and nimble solution for short-range defense, addressing new low-altitude threats like drones and helicopters.
Which Segments in the Man-Portable Air Defense Systems Market Offer the Most Profit Potential?
The man-portable air defense systems market covered in this report is segmented -
1) By Component: Missile, Launching Mechanism (Gripstock), Battery, Other Components
2) By Guidance System: Infrared Homing, Laser-Guided, Electro-Optical, Other Guidance Systems
3) By Launching Mechanism: Shoulder-Fired, Vehicle-Mounted, Portable Deployment Systems
4) By Application: Military, Paramilitary, Security Forces, Civilian Defense
5) By End-User: Government And Defense, Private Entities, Non-Governmental Organizations (NGOs), Foreign Military Sales (FMS)
Subsegments:
1) By Missile: Infrared (IR) Guided Missiles, Radar-Guided Missiles, Command Line-of-Sight (CLOS) Missiles
2) By Launching Mechanism (Gripstock): Shoulder-Fired Launchers, Vehicle-Mounted Launchers, Shipborne Launchers
3) By Battery: Rechargeable Batteries, Disposable Batteries
4) By Other Components: Sighting Systems, Targeting Systems, Safety and Arming Units
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Which Firms Dominate the Man-Portable Air Defense Systems Market by Market Share and Revenue in 2025?
Major Companies operating in the man-portable air defense systems market are General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems Inc., Thales Group, Leonardo S.p.A., Rheinmetall AG, Elbit Systems Ltd., Israel Aerospace Industries, Kongsberg Defence and Aerospace, Saab AB, MBDA, Hellenic Defence Systems, ASELSAN A.S., Bharat Dynamics Limited, PT Pindad, MESKO S.A., JADARA Equipment and Defense Systems, Raytheon Technologies Corporation, Almaz-Antey, VEM Technologies.
Which Regions Offer the Highest Growth Potential in the Man-Portable Air Defense Systems Market?
North America was the largest region in the man-portable air defense systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the man-portable air defense systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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