Man-Portable Anti-Armor Weapons

Man-Portable Anti-Armor Weapons

Global Man-Portable Anti-Armor Weapons Market to Reach US$9.6 Billion by 2030

The global market for Man-Portable Anti-Armor Weapons estimated at US$6.8 Billion in the year 2023, is expected to reach US$9.6 Billion by 2030, growing at a CAGR of 5.0% over the analysis period 2023-2030. Rocket Propelled Grenades, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$4.3 Billion by the end of the analysis period. Growth in the Anti-aircraft Missiles segment is estimated at 4.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.8 Billion While China is Forecast to Grow at 4.7% CAGR

The Man-Portable Anti-Armor Weapons market in the U.S. is estimated at US$1.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 4.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.7% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

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.

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

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