Press release
Man-Portable Anti-Armor Weapons Market: Strong Growth Predicted with a CAGR of 6.1% and Major Focus on Precision and Lethality
Anti-Armor Weapons Market
What Is The Projected Market Size Of The Global Man-Portable Anti-Armor Weapons Market And Its Growth Rate?
The man-portable anti-armor weapons market shows promising growth. Here are some key projections:
* Market Size in 2024: $5.91 billion
* Market Size in 2025: $6.27 billion with a CAGR of 6.2%
* Market forecast for 2029: $7.94 billion with a CAGR of 6.1%
This progress can be attributed to factors such as precision and lethality improvements, adaptation to threats, geopolitical factors, cost-efficiency, and affordability.
What Is Driving The Growth In The Man-Portable Anti-Armor Weapons Market?
The upswing in defense budgets is propelling the man-portable anti-armor weapons market. Defense budgets fund personnel, training, medical expenses, and weapon maintenance and acquisition. As defense budgets rise, so does the ability to implement costly but necessary missile defense system technologies. For example, a report by the Stockholm International Peace Research Institute showed that global military spending rose to $2.443 trillion in 2023, a 6.8% increase from 2022. The escalating defense budgets are a major driver of growth in the man-portable anti-armor weapons market.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9364&type=smp
Who Are the Key Players Driving Man-Portable Anti-Armor Weapons Market Growth?
The market growth is being propelled by major players such as:
* Lockheed Martin Corporation
* Bharat Dynamics Limited
* General Dynamics Corporation
* Saab AB
* Raytheon Company
* Thales Group
* BAE Systems plc
* MBDA Holdings SAS
* Konstruktorskoye Byuro Mashynostroyeniya (KBM)
* Nammo AS
* Rostec State Corporation
* Elbit Systems Ltd.
* Rafael Advanced Defense Systems Ltd.
What Are The Key Trends In The Man-Portable Anti-Armor Weapons Market?
Here are the top trends in the sector:
* Regulatory and geopolitical factors
* Attempts towards cost-efficiency
* Integration of smart and network-centric technologies
* Adaptation to modern threats
* Enhanced precision and lethality
What Are The Segments Of The Global Man-Portable Anti-Armor Weapons Market?
The market is divided into the following segments:
1) By Type: Anti-Aircraft Missiles, Rocket Propelled Grenades, Anti-Tank Rifles, Recoilless Rifle
2) By Technology: Guided Weapons, Unguided Weapons
3) By Application: Homeland Security, Defense
Which Region Leads The Man-Portable Anti-Armor Weapons Market?
North America was the largest region in the man-portable anti-armor weapons market in 2024. However, Asia-Pacific is projected to be the fastest-growing region in the market in the upcoming years. Other regions covered in the market report are Western Europe, Eastern Europe, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/man-portable-anti-armor-weapons-global-market-report
What Is Covered In The Man-Portable Anti-Armor Weapons Market Global Market Report?
- Market Size Analysis: Analyze the Man-Portable Anti-Armor Weapons Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Man-Portable Anti-Armor Weapons Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Man-Portable Anti-Armor Weapons Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Man-Portable Anti-Armor Weapons Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=9364&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
• Twitter: https://twitter.com/tbrc_info
• YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About the Business Research Company:
The Business Research Company holds a robust reputation for providing comprehensive, data-rich research and insights across 27 industries in more than 60 geographies. Our 1,500,000 datasets along with the in-depth secondary research and unique insights from industry leaders empower you with the productive knowledge you need to stay ahead. Our flagship product, the Global Market Model (GMM), delivers comprehensive and updated forecasts to facilitate informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Man-Portable Anti-Armor Weapons Market: Strong Growth Predicted with a CAGR of 6.1% and Major Focus on Precision and Lethality here
News-ID: 3826756 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Weapons
Evolving Market Trends In The Light Weapons Industry: Tech Revolution Transforms …
The Light Weapons Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Light Weapons Market Size During the Forecast Period?
In recent times, there has been a substantial growth in the size of the light weapons market. Its projection is set to increase…
Automatic Weapons Market Report 2024 - Automatic Weapons Market Size, Insights A …
"The Business Research Company recently released a comprehensive report on the Global Automatic Weapons Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Electromagnetic Weapons Market is Driven by Growing Popularity of Directed Energ …
An electromagnetic weapon is a type of directed energy weapon that uses electromagnetic radiation to deliver its energy. The energy can be in the form of microwaves, lasers, or other types of energy. These weapons can be used for a variety of purposes, including crowd control, disabling electronic devices, and causing physical pain.
Request for a Sample Data and Methodology of Report - https://www.globalinsightservices.com/request-sample/GIS20695
Electromagnetic weapons are sometimes referred to as non-lethal…
Electromagnetic Weapons Market is Driven by Growing Popularity of Directed Energ …
An electromagnetic weapon is a type of directed energy weapon that uses electromagnetic radiation to deliver its energy. The energy can be in the form of microwaves, lasers, or other types of energy. These weapons can be used for a variety of purposes, including crowd control, disabling electronic devices, and causing physical pain.
Request for a Sample Data and Methodology of Report - https://www.globalinsightservices.com/request-sample/GIS20695
Electromagnetic weapons are sometimes referred to as non-lethal…
Smart Weapons Market Will Rise Due to Increasing Accuracy of Weapons and Growing …
Global Smart Weapons Market report from Global Insight Services is the single authoritative source of intelligence on Smart Weapons Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types,…
Smart Weapons Market By Type (Air-To-Ground Missiles, Surface-To-Air Missiles, S …
Smart weapons are equipped with radio, infrared, laser, global positioning system and satellite guidance system which gives it extraordinary accuracy. Precision guided weapons are intended to hit the target precisely and reduce the collateral damage and lethality. Smart weapons are operated and assisted by the use of external operating system located at a distant place. Smart weapons system has changed the course of war engagement and its strategies. Cruise missiles…
