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Global Anti-Tank Missile System Market 2023 Competitive Outlook, Key Trends, Business Growth And Major Players Analysis Till 2032 | Elbit Systems Ltd., General Dynamics Corporation, Denel Dynamics, Lockheed Martin Corporation., MBDA Missile Systems Inc
Anti-Tank Missile System Market
The Business Research Company's Anti-Tank Missile System Global Market Report 2023 identifies The increase in the number of cross-border conflicts as the major driver for the Anti-Tank Missile System Market's growth in the forecast period. These conflicts can arise from various issues, such as resources, ethnic or cultural differences, political ideologies, and historical disputes. The increase in cross-border conflicts is expanding the market for anti-tank missile systems, as they are very effective and used to demolish armored vehicles and tanks.
The global anti-tank missile system market size is expected to grow from $2.79 billion in 2022 to $2.93 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. 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 anti-tank missile system market size is expected to reach $3.43 billion in 2027 at a CAGR of 4%.
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Major competitors in the Anti-Tank Missile System Market are Elbit Systems Ltd., General Dynamics Corporation, Denel Dynamics, Lockheed Martin Corporation., MBDA Missile Systems Inc., KBP Instrument Design Bureau, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Roketsan, BAE Systems, Saab AB, Israeli Military Industries Ltd., Northrop Grumman, EuroSpike GmbH, and Thales Group.
A key trend in the Anti-Tank Missile System Market includes technological advancement. Major companies operating in the anti-tank missile system market are focused on developing innovative technologies to strengthen their position in the market. For instance, in May 2020, the Javelin collaborative team, a partnership between Raytheon Missiles & Defense, a Raytheon Technologies subsidiary, and Lockheed Martin Corporation, completed the first Javelin F-Model (FGM-148F) missile creation. The Javelin F-Model is equipped with an innovative, sophisticated, multifunctional warhead capable of defeating existing and futuristic armor, particularly explosive reactive armor. The F-Model additionally has a steel casing that fragments to knock targets that are soft and light vehicles that are armored. The F-Model incorporates numerous characteristics into an individual warhead, such as explosion fragmentation and high-explosive anti-tank. Lockheed Martin Corporation is a US-based company that operates in the defense, arms, and aerospace sectors, and Raytheon Technologies is a US-based defense and aerospace company.
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The Anti-Tank Missile System Market is segmented -
By Type: Man-Portable, Vehicle-Mounted
By Platform: Airborne, Ground-Based
By Application: Defense, Homeland Security, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Anti-Tank Missile System Market.
The Business Research Company's "Global Anti-Tank Missile System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Anti-Tank Missile System Market Include:
1. Executive Summary
2. Anti-Tank Missile System Market Characteristics
3. Anti-Tank Missile System Market Trends And Strategies
4. Anti-Tank Missile System Market - Macro Economic Scenario
5. Anti-Tank Missile System Market Size And Growth
……
26. Africa Anti-Tank Missile System Market
27. Anti-Tank Missile System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Anti-Tank Missile System Market
29. Anti-Tank Missile System Market Future Outlook and Potential Analysis
30. Appendix
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