The global market for Man-Portable Rocket Launchers was valued at US$3.5 Billion in 2024 and is projected to reach US$4.3 Billion by 2030, growing at a CAGR of 3.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The deployment of man-portable rocket launchers has revolutionized infantry tactics by providing soldiers with the ability to engage heavily armored targets and fortified structures without the need for heavy artillery support. These weapons are particularly valuable in urban warfare and guerilla combat, where mobility and the element of surprise are crucial. Modern man-portable rocket launchers come equipped with advanced targeting systems, including night vision and thermal imaging, which enhance their effectiveness in various operational environments. Additionally, the development of multi-purpose rockets that can penetrate armor, bunkers, and aircraft increases the tactical flexibility of these systems, making them indispensable tools for ground forces.
The growth in the man-portable rocket launchers market is driven by several factors. Firstly, the increasing emphasis on lightweight, mobile weapon systems that can provide substantial firepower in diverse combat scenarios boosts the demand for these launchers. Ongoing geopolitical tensions and conflicts around the world drive the need for versatile and effective infantry weapons. Technological advancements, such as improvements in rocket propulsion, guidance systems, and targeting accuracy, enhance the performance and reliability of man-portable rocket launchers, making them more attractive to military forces. Additionally, the rising focus on modernizing armed forces and enhancing the capabilities of infantry units supports market growth. The growing demand for cost-effective solutions that offer high impact with minimal logistical burden also propels the adoption of man-portable rocket launchers. Lastly, the need for enhanced defense capabilities against asymmetric threats, such as insurgencies and terrorist groups, further fuels the market as nations seek to equip their forces with the means to effectively counter diverse threats.
Global Man-Portable Rocket Launchers Market - Key Trends and Drivers Summarized
Man-portable rocket launchers are lightweight, shoulder-fired weapons designed to engage and destroy armored vehicles, fortified positions, and low-flying aircraft. These systems provide infantry units with significant firepower, allowing them to effectively counter a variety of threats on the battlefield. Typically, man-portable rocket launchers consist of a launcher tube, a targeting mechanism, and a rocket or missile that can be fired and reloaded quickly. Due to their portability and ease of use, these launchers are essential in both conventional and asymmetric warfare, offering a versatile and effective solution for ground forces.The deployment of man-portable rocket launchers has revolutionized infantry tactics by providing soldiers with the ability to engage heavily armored targets and fortified structures without the need for heavy artillery support. These weapons are particularly valuable in urban warfare and guerilla combat, where mobility and the element of surprise are crucial. Modern man-portable rocket launchers come equipped with advanced targeting systems, including night vision and thermal imaging, which enhance their effectiveness in various operational environments. Additionally, the development of multi-purpose rockets that can penetrate armor, bunkers, and aircraft increases the tactical flexibility of these systems, making them indispensable tools for ground forces.
The growth in the man-portable rocket launchers market is driven by several factors. Firstly, the increasing emphasis on lightweight, mobile weapon systems that can provide substantial firepower in diverse combat scenarios boosts the demand for these launchers. Ongoing geopolitical tensions and conflicts around the world drive the need for versatile and effective infantry weapons. Technological advancements, such as improvements in rocket propulsion, guidance systems, and targeting accuracy, enhance the performance and reliability of man-portable rocket launchers, making them more attractive to military forces. Additionally, the rising focus on modernizing armed forces and enhancing the capabilities of infantry units supports market growth. The growing demand for cost-effective solutions that offer high impact with minimal logistical burden also propels the adoption of man-portable rocket launchers. Lastly, the need for enhanced defense capabilities against asymmetric threats, such as insurgencies and terrorist groups, further fuels the market as nations seek to equip their forces with the means to effectively counter diverse threats.
Report Scope
The report analyzes the Man-Portable Rocket Launchers market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Type (Shoulder-Launched Rocket Launchers, Tripod-Mounted Rocket Launchers).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Shoulder-Launched Rocket Launchers segment, which is expected to reach US$3.6 Billion by 2030 with a CAGR of a 3.3%. The Tripod-Mounted Rocket Launchers segment is also set to grow at 2.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $949.6 Million in 2024, and China, forecasted to grow at an impressive 6.3% CAGR to reach $877.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 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 China North Industries Group Corporation Limited (Norinco), Daycraft Systems, Dynamit Nobel Defence GmbH, Instalaza SA, Kyiv Design Bureau 'Luch' and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Man-Portable Rocket Launchers 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 Rocket Launchers 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 Rocket Launchers 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?
Some of the 49 major companies featured in this Man-Portable Rocket Launchers market report include:
- China North Industries Group Corporation Limited (Norinco)
- Daycraft Systems
- Dynamit Nobel Defence GmbH
- Instalaza SA
- Kyiv Design Bureau Luch"
- L3Harris Technologies, Inc.
- Lockheed Martin Corporation
- Nammo AS
- Northrop Grumman Corporation
- Rafael Advanced Defense Systems Ltd.
- RTX - Raytheon
- Saab AB
- SIATT
- Sloboda AD
- Thales Group
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- China North Industries Group Corporation Limited (Norinco)
- Daycraft Systems
- Dynamit Nobel Defence GmbH
- Instalaza SA
- Kyiv Design Bureau Luch"
- L3Harris Technologies, Inc.
- Lockheed Martin Corporation
- Nammo AS
- Northrop Grumman Corporation
- Rafael Advanced Defense Systems Ltd.
- RTX - Raytheon
- Saab AB
- SIATT
- Sloboda AD
- Thales Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 187 |
| Published | March 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 3.5 Billion |
| Forecasted Market Value ( USD | $ 4.3 Billion |
| Compound Annual Growth Rate | 3.2% |
| Regions Covered | Global |
