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Man-Portable Anti-Armor Weapons Market Analysis, Trends, Growth, Research And Forecast 2032
Man-Portable Anti-Armor Weapons Market
Man-Portable Anti-Armor Weapons Market Size, Growth Rate, And Forecast
The global man-portable anti-armor weapons market size is expected to grow from $5.32 billion in 2022 to $5.67 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global man-portable anti-armor weapons market size is expected to reach $7.01 billion in 2027 at a CAGR of 5.45%.
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Man-Portable Anti-Armor Weapons Market Drivers
An increase in defense budgets is expected to propel the growth of the man-portable anti-armor weapons market. The defense budget is the amount of the federal budget devoted to defense, which pays for personnel, training, and medical expenses, in addition to the maintenance and acquisition of weapons and equipment. The increase in defense budgets makes it easier to implement costly but necessary missile defense system technologies.
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Man-Portable Anti-Armor Weapons Market Segments
• By Type: Anti-Aircraft Missiles, Rocket Propelled Grenades, Anti-Tank Rifles, Recoilless Rifle
• By Technology: Guided Weapons, Unguided Weapons
• By Application: Homeland Security, Defense
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the man-portable anti-armor weapons market.
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Man-Portable Anti-Armor Weapons Market Key Players
Major competitors in the man-portable anti-armor weapons market include Lockheed Martin Corporation, Bharat Dynamics Limited (BDL), General Dynamics Corporation, Saab AB, Raytheon Company, Thales Group.
The Business Research Company's "Global Man-Portable Anti-Armor Weapons Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Man-Portable Anti-Armor Weapons Market Include:
1. Executive Summary
2. Man-Portable Anti-Armor Weapons Market Characteristics
3. Man-Portable Anti-Armor Weapons Market Trends And Strategies
4. Man-Portable Anti-Armor Weapons Market - Macro Economic Scenario
5. Man-Portable Anti-Armor Weapons Market Size And Growth
……
26. Africa Man-Portable Anti-Armor Weapons Market
27. Man-Portable Anti-Armor Weapons Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Man-Portable Anti-Armor Weapons Market
29. Man-Portable Anti-Armor Weapons Market Future Outlook and Potential Analysis
30. Appendix
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