Man-Portable Anti-Armor Weapons - Global Strategic Business Report

The global market for Man-Portable Anti-Armor Weapons was estimated at US$6.8 Billion in 2023 and is projected to reach US$9.6 Billion by 2030, growing at a CAGR of 5.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Man-Portable Anti-Armor Weapons Market - Key Trends & Drivers Summarized

What Are Man-Portable Anti-Armor Weapons and How Are They Enhancing Modern Military Tactics?

Man-portable anti-armor weapons are lightweight, shoulder-fired systems designed to target and destroy armored vehicles, tanks, and fortified positions. These weapons, which include rocket-propelled grenades (RPGs), anti-tank guided missiles (ATGMs), and other portable missile systems, are essential for infantry units on the battlefield. Their portability allows soldiers to carry them easily, providing flexible and immediate response against armored threats. The growing importance of asymmetrical warfare and the need for mobile, agile forces have increased the reliance on such weapons, particularly in environments where conventional heavy weaponry is not feasible. Man-portable anti-armor weapons offer the ability to neutralize high-value targets quickly, making them a critical component of modern military operations.

How Are Technological Advancements Improving Man-Portable Anti-Armor Weapons?

Technological advancements are significantly enhancing the capabilities of man-portable anti-armor weapons, making them more accurate, powerful, and easier to operate. Modern anti-armor systems are now equipped with advanced guidance systems, including laser targeting, infrared sensors, and GPS technology, allowing soldiers to engage targets with greater precision even in adverse conditions. The development of tandem warheads, designed to penetrate reactive armor, has improved the effectiveness of these weapons against modern tanks and armored vehicles. Additionally, lightweight composite materials have reduced the weight of these systems, increasing mobility for soldiers. Innovations in propulsion systems have also extended the range and speed of missiles, providing greater flexibility in the battlefield. These advancements make man-portable anti-armor weapons an increasingly important asset for military forces worldwide.

What Challenges Are Associated with Man-Portable Anti-Armor Weapons?

Despite their benefits, man-portable anti-armor weapons present several challenges. One major issue is the complexity of operation, as some advanced systems require extensive training for effective use, particularly in high-stress combat situations. Additionally, there are concerns about the proliferation of these weapons, as they are relatively easy to acquire and can fall into the hands of non-state actors or insurgent groups, leading to security risks. Another challenge is the balance between weight and power; while reducing the weight of these systems improves mobility, it can also impact the range or destructive capability of the weapon. Furthermore, maintaining supply chains for advanced systems in remote or hostile environments can be difficult, affecting their availability when needed most.

Growth in the Man-Portable Anti-Armor Weapons Market Is Driven by Several Factors

The growth in the man-portable anti-armor weapons market is driven by several factors, including rising global defense spending, the increasing demand for lightweight, versatile weapons in asymmetric warfare, and ongoing technological advancements. As military forces worldwide focus on mobility and rapid response capabilities, the demand for man-portable systems that can be deployed quickly in various combat scenarios has surged. Technological innovations, such as enhanced guidance systems and tandem warheads, are further fueling the adoption of these weapons. Additionally, geopolitical tensions and conflicts in regions like the Middle East and Eastern Europe are driving the need for more advanced anti-armor solutions. These factors, combined with the increasing focus on equipping infantry units with cutting-edge technology, are expected to propel the growth of the man-portable anti-armor weapons market in the coming years.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Rocket Propelled Grenades segment, which is expected to reach US$4.3 Billion by 2030 with a CAGR of a 4.4%. The Anti-aircraft Missiles segment is also set to grow at 4.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $1.8 Billion in 2023, and China, forecasted to grow at an impressive 4.7% CAGR to reach $1.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Man-Portable Anti-Armor Weapons Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Man-Portable Anti-Armor Weapons Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Man-Portable Anti-Armor Weapons Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Austrian-Spanish Cooperative Development, Diehl Defence GmbH & Co. KG, FN America, LLC, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 41 Featured):

• Austrian-Spanish Cooperative Development
• Diehl Defence GmbH & Co. KG
• FN America, LLC
• Fn Herstal S.A.
• FN Herstel S.A.
• PepperBall
• Raytheon Australia
• S.E.A.L Security Solutions