Press release
Outlook on the Man-Portable Anti-Armor Weapons Market: Major Segments, Strategic Developments, and Leading Companies
Man-Portable Anti-Armor Weapons Market
Forecasting the Man-Portable Anti-Armor Weapons Market Value by 2030
The man-portable anti-armor weapons market is projected to reach a valuation of $8.13 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.4%. This growth is largely fueled by increased investments in next-generation anti-armor systems equipped with advanced seeker and targeting technologies. Additionally, the development of modular and reusable launch platforms offers enhanced operational flexibility. The market also benefits from ongoing infantry modernization efforts that boost procurement of portable, high-performance weapons. Further driving expansion are advancements in network-enabled targeting systems, lighter warheads with greater penetration capabilities, and weapons designed to counter increasingly sophisticated armored vehicle defenses. Key trends expected to influence the market include improvements in warhead technology, streamlined and portable weapon designs, enhanced target acquisition systems, extended operational ranges, and advanced training and simulation tools for military personnel.
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Prominent Players Leading the Man-Portable Anti-Armor Weapons Market
Several major companies shape the competitive landscape of the man-portable anti-armor weapons market. These include 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., Denel Dynamics, Northrop Grumman, HDT Global Inc., FLIR Systems Inc., Argon Electronics Ltd., Chemring Group plc, Rheinmetall AG, Jadara Equipment & Defence Systems, Roketsan Roket Sanayii ve Ticaret A.S., and Luch Design Bureau.
Strategic Collaborations Advancing Anti-Armor Capabilities
In January 2024, MBDA, a France-based missile manufacturer, formed a partnership with Sweden's Saab AB to enhance joint development of critical anti-tank and air defense technologies suitable for high-intensity conflict scenarios. Their collaboration centers around the Akeron MP missile system, aiming to integrate cutting-edge features such as beyond-line-of-sight firing capabilities. This initiative targets meeting future battlefield demands by combining expertise in missile technology and defense systems.
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Key Trends Shaping the Future of Man-Portable Anti-Armor Weapons
Market leaders are prioritizing the launch of innovative products, particularly portable missile systems, to strengthen their foothold. These systems, also known as man-portable air-defense weapons, are designed for use by individuals or small teams to engage aircraft, helicopters, and ground vehicles. Their high mobility and quick deployment make them versatile across diverse combat situations. For example, in August 2024, India's Defence Research and Development Organization successfully test-fired an indigenously-developed Man-Portable Anti-Tank Guided Missile (MP-ATGM). The system weighs 14.5 kilograms, with an additional 14.25 kilograms for its command launch unit, ensuring easy portability. Equipped with a HEAT warhead for defeating tanks and armored vehicles, it operates within a range of 200 meters to 4 kilometers. Its advanced imaging infrared sensor and avionics enable precise top-attack targeting. The missile's compact cylindrical design, measuring 130 centimeters in length and 12 centimeters in diameter, is launched from a collapsible tripod and tube.
Detailed Segment Analysis of the Man-Portable Anti-Armor Weapons Market
The market for man-portable anti-armor weapons is categorized into several segments to provide a clear view of its scope:
1) By Type: Anti-Aircraft Missiles, Rocket Propelled Grenades (RPGs), Anti-Tank Rifles, and Recoilless Rifles
2) By Technology: Guided Weapons and Unguided Weapons
3) By Application: Homeland Security and Defense
Further subcategories include:
- Anti-Aircraft Missiles: Short-Range Air Defense Missiles and Man-Portable Air Defense Systems (MANPADS)
- Rocket Propelled Grenades: Single-Use RPGs and Multi-Use RPGs
- Anti-Tank Rifles: Traditional Anti-Tank Rifles and Modern Anti-Material Rifles
- Recoilless Rifles: Lightweight and Heavyweight Recoilless Rifles
This comprehensive segmentation provides insights into the diverse range of products and technologies driving the man-portable anti-armor weapons market forward.
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