Soaring Demand Set to Propel Man Portable Anti Tank System Market to $5.55 Billion by 2029

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What Is the Expected CAGR for the Man Portable Anti Tank System Market Through 2025?_x000D_
The market for man-portable anti-tank systems has experienced considerable expansion in recent years. Projections show a growth from $4.08 billion in 2024 to $4.34 billion in 2025, translating to a compound annual growth rate (CAGR) of 6.6%. The historical growth can be linked to factors such as military modernization programs, a surge in demand for portable anti-armor solutions, escalating cross-border conflicts, enhanced infantry capabilities, and higher defense budgets in emerging economies._x000D_
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What's the Projected Size of the Global Man Portable Anti Tank System Market by 2029?_x000D_
In the following years, the market size for man-portable anti-tank systems is anticipated to experience significant growth, expanding to $5.55 billion in 2029 with a 6.3% compound annual growth rate (CAGR). This predicted growth within the forecast period is due to factors such as escalating investments in next-gen weapon systems, the increasing need for lightweight and precision anti-tank systems, focus on amping up soldier lethality, the procurement of advanced man-portable systems, mounting geopolitical conflicts, and security worries. The period is also expected to see trends like progress in guidance and targeting technologies, fire control systems' integration of artificial intelligence, development of reusable and multi-target launchers, advancements in reducing weight and miniaturization, and R&D in smart munitions._x000D_
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Top Growth Drivers in the Man Portable Anti Tank System Industry: What's Accelerating the Market? _x000D_
Geopolitical frictions' escalation is projected to promote the expansion of the man portable anti-tank system market. Such frictions reflect the conflict or hostility existing between nations or regions due to disagreements about politics, territory, or strategy, often leading to heightened security worries and military readiness. The surging geopolitical discord arises from escalating territorial disagreements that force nations to bolster their defense abilities and sustain increased military alertness. Man-portable anti-tank systems come into play during these geopolitical tensions to neutralize enemy armored vehicles, amplify infantry mobility, and prevent tank invasions. For example, the Armed Conflict Location and Event Data Project (ACLED), a nonprofit organization based in the US, reported in January 2023 that global violence against civilians had increased by 12% in 2022 compared to 2021, with fatalities from direct attacks rising by at least 16%. Consequently, the escalating geopolitical tensions fuel the growth of the man portable anti-tank system market._x000D_
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What Trends Will Shape the Man Portable Anti Tank System Market Through 2029 and Beyond?_x000D_
Leading firms in the man portable anti-tank system market are concentrating on creating progressive solutions like lightweight fire-and-forget guided missile systems, to bolster precision, mobility and operational versatility in close combat situations. These systems denote cutting-edge shoulder-launched armaments that are capable of tracking and demolishing armored targets independently after being launched, yet sufficiently portable for infantry application. For example, Roket Sanayii ve Ticaret A.S., a weapons manufacturing company based in Turkey, in April 2022, introduced the KARAOK anti-tank missile. This is a lightweight, shoulder-fired system meant to equip the Turkish Armed Forces' special forces and elite units with superior fire-and-forget capabilities. It comes with a 2.5-kilometer range, an infrared seeker, and an armor-piercing tandem warhead, which augments infantry efficiency against armoured threats._x000D_
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What Are the Main Segments in the Man Portable Anti Tank System Market?_x000D_
The man portable anti tank system market covered in this report is segmented - _x000D_
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1) By Product Type: Guided Missile Systems, Unguided Missile Systems, Rocket Systems, Anti-Tank Grenades, Other Product Types_x000D_
2) By Component: Launchers, Ammunition, Fire Control Systems_x000D_
3) By Range: Short Range, Medium Range, Long Range_x000D_
4) By Platform: Infantry, Special Forces, Other Platforms_x000D_
5) By End User: Military, Paramilitary, Defense Contractors, Civilian, Other End Users_x000D_
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Subsegments:_x000D_
1) By Guided Missile Systems: Infrared-Guided Missile Systems, Laser-Guided Missile Systems, Wire-Guided Missile Systems, Global Positioning System-Guided Missile Systems_x000D_
2) By Unguided Missile Systems: Shoulder-Fired Unguided Missiles, Tripod-Mounted Unguided Missiles, Recoilless Unguided Missiles_x000D_
3) By Rocket Systems: Single-Use Rocket Launchers, Reloadable Rocket Launchers, Tandem-Charge Rocket Systems_x000D_
4) By Anti-Tank Grenades: Hand-Thrown Anti-Tank Grenades, Rifle-Launched Anti-Tank Grenades, Launcher-Fired Anti-Tank Grenades_x000D_
5) By Other Product Types: Hybrid Propulsion Anti-Tank Systems, Drone-Delivered Anti-Tank Systems, Man-Portable Electromagnetic Anti-Armor Systems_x000D_
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Which Top Companies are Driving Growth in the Man Portable Anti Tank System Market?_x000D_
Major Companies operating in the man portable anti tank system market are Raytheon Technologies Corporation, Lockheed Martin Corporation, China North Industries Corporation, BAE Systems Public Limited Company, Thales Group, Singapore Technologies Engineering Limited, Rheinmetall AG, Hanwha Aerospace Company Limited, MBDA, Saab Aktiebolag, Rafael Advanced Defense Systems Limited, Matra BAE Dynamics Alenia Missile Systems, Defence Research and Development Organisation, Roketsan Roket Sanayii ve Ticaret Anonim Sirketi, Nammo Aktiebolag, Denel Dynamics, Bharat Dynamics Limited, Nexter Systems Group, EuroSpike Gesellschaft mit beschränkter Haftung, KBP Instrument Design Bureau. _x000D_
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Which Regions Will Dominate the Man Portable Anti Tank System Market Through 2029?_x000D_
North America was the largest region in the man portable anti tank system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the man portable anti tank system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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