In a significant milestone, the defense research and development organization (DORO) announced on October 2024, the successful completion of development trials of the man-portable air defense system. This cutting-edge system is designed to provide air defense capabilities to the Indian Armed Forces. It enhances their ability to counter aerial threats.
The MPADS is a lightweight, portable system that can be operated by a single solider, making it an ideal solution for deployment in various terrains and environment. The system has undergone rigorous testing and has demonstrated it capability to engage and destroy aerial targets with high accuracy.
The successful completion of development trials marks a significant achievement for the DORO, which has been working tirelessly to develop indigenous defense technologies. This MPADS is expected to play a crucial role in strengthening India’s air defense against aerial threats. With this achievement, the DORO has once again demonstrated its commitment to developing innovative and effective solutions for the Indian Armed Forces. The MPADS is now ready for user trials and is expected to be inducted into the Indian Armed Forces in the near future.
As per the report published by Coherent Market Insights, the global air defense system industry is set to hold a CAGR of 13.70% CAGR from 2013 to 2030. By 2030, revenue is expected to reach at US$ 41.8 million from US$ 14.9 million in 2022. The growth is attributed by the growing demand for effective and efficient air defense system.
Moreover, rising demand for sophisticated system owing to increasing need to protect critical infrastructure couples with increasing defense budget across various industries. Additionally, technological advancement made in the field of air defense system such as missile system, sensor, and radar will further drive growth in the global industry.
Also, integration of AI and machine learning in the air defense system will also lead to drive growth in the industry. Key companies in the global industry are adopting merger and acquisition activities. They are also investing in new technologies to increase their global footprint. Technological advancement made in the field of air defense system industry provide an opportunity for growth in the global industry.
North America is poised to be a leading region in the global air defense system industry during the forecast period. This is owing to the increasing their budge for regional and homeland missile defense. Additionally, countries such as Canada and U.S. are partnered in the region.
Asia Pacific is expected to hold a dominant position in the global air defense system industry by 2020. This is attributed by the increase in budget of countries such as Japan, China, and India across the region. Moreover, increased adoption of advanced air defense system will also fuel region’s growth.
