Anti-Tank Missile System Market is Forecasted to Reach US$ 2.1 billion in 2032, Says Stratview Research

The global anti-tank missile system market is projected to witness a growth rate of 1.2% annually from 2024 to 2032, with an anticipated size of US$ 2.1 billion by 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global anti-tank missile system market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2032: US$ 2.1 billion
Growth (CAGR): 1.2% during 2024-2032
Forecast Period: 2024-2032
Trend Period: 2016-2020
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Anti-Tank Missile System Market:
The global anti-tank missile system market is segmented based on platform type, product type, guidance type, and region.

Based on platform type - The market is segmented into ground-based platforms and airborne platforms. With increasing terror threats and border disputes, Ground-based anti-tank missiles are likely to remain dominant in the market in the foreseeable future. Many countries across the world are intensifying their efforts to bolster their ground combat capabilities, with an emphasis on utilizing advanced and upgraded technologies.

Based on the product type - The market is segmented into man-portable and vehicle-mounted anti-tank missiles. Man-portable anti-tank missile is expected to remain the dominant and fastest-growing product type in the market during the forecast period. These missiles are procured in a larger number as compared to their counterparts. Lockheed Martin Corporation and Raytheon Technologies Corporation are the two major manufacturers who jointly manufacture one of the best-selling man-portable anti-tank missiles, the Javelin.

Based on the guidance type - The market is segmented into laser-guided, infrared (IR)-guided, wire-guided, and others (mainly GPS-guided, SALCOS-guided, and beam-riding guided anti-tank missiles). Laser-guided anti-tank missile is expected to remain the dominant and fastest-growing segment in the market during the forecast period. Laser-guided anti-tank missiles are the most commonly used missile across the world, owing to their precise targeting capabilities, which minimize collateral damage and enhance effectiveness in modern warfare scenarios. Owing to such benefits, the laser-guided anti-tank missiles segment is likely to grow at a rapid pace in the market in the coming years.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3011/anti-tank-missile-system-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest market for anti-tank missile system during the forecast period. This growth outlook is majorly attributed to the following-
- The region is quite vulnerable to high-tension border conflicts and terror threats.
- Asia-Pacific holds the leading position in the anti-tank missile market, largely attributed to China's emergence as a regional superpower and consistent rise in military spending in the country.
- Asia-Pacific is also expected to grow at the fastest pace in the market over the next eight years, propelled by increasing defense expenditure of key economies of the region, mainly China and India.
- In addition, rising geopolitical tensions, technological advancement of weapons, focussing on air power projection, and changing threat landscape are also some of the key factors driving the fastest growth of the region in the anti-tank missile market.

Anti-Tank Missile System Market Drivers:
Some of the key drivers listed in the report are given below.
- Military modernization programs, changing security threats, and asymmetric warfare tactics.
- The increase in geopolitical tensions, and territorial disputes globally.
- Strategic partnerships, international collaborations, and government-funded projects, contributing to advancing defense technology and widening the market.

Top Companies in the Anti-Tank Missile System Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• Rafael Advanced Defense Systems Ltd.
• MBDA
• Saab AB
• Norinco Group

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Anti-Tank Missile System Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Man-Portable Anti-Armor and Bunker-Buster Weapons Market: https://www.stratviewresearch.com/3726/man-portable-anti-armor-and-bunker-buster-weapons-market.html

• Missile Guidance System Market: https://www.stratviewresearch.com/3026/missile-guidance-system-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.