Press release
Anti-Tank Missile System Market to Reach USD 2.10 Billion by 2032, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report covers global market size, detailed segmentation by platform type, product type, guidance type, and region, and provides strategic intelligence for investment and supply-chain planning in defense and aerospace sectors.
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Market Statistics
• Market size (2024): USD 1.87 billion
• Forecast value (2032): USD 2.10 billion
• CAGR (2025-2032): 1.4 %
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 4
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
• Anti-Tank Missile System Market, by Platform Type
• Ground-Based
• Airborne
• Anti-Tank Missile System Market, by Product Type
• Man-Portable
• Vehicle-Mounted
• Anti-Tank Missile System Market, by Guidance Type
• Laser-Guided
• Infrared (IR)-Guided
• Wire-Guided
• Others
• Anti-Tank Missile System Market by Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Ground-based platforms are both the dominant and fastest-growing segment by platform type, driven by intensifying border conflicts and the emphasis on robust land combat capabilities; this structural requirement for ground-oriented weapons systems strengthens procurement pipelines for defense contractors and OEMs.
In product type, the man-portable segment holds the largest market share and the fastest growth rate, as military forces procure larger numbers of lightweight, deployable anti-tank missiles for infantry use, expanding inventory replenishment and tactical flexibility in diverse theaters.
Within guidance types, laser-guided missiles are both dominant and fastest growing due to their precise targeting and reduced collateral damage, which enhances operational effectiveness and drives adoption across defense forces prioritizing advanced guidance technologies.
Regional Insights
Asia-Pacific is the largest and fastest-growing regional market because rising geopolitical tensions, escalating defense spending in key economies like China and India, and a volatile threat landscape structurally necessitate sustained investment in anti-tank missile systems for regional deterrence and defense modernization.
Market Drivers
• Rising defense budgets increase procurement of advanced anti-tank missiles to address armored threats.
• Geopolitical tensions and border disputes accelerate acquisition of ground combat systems.
• Military modernization programs prioritize integration of advanced guidance systems to improve lethality and precision.
• Government defense collaborations and strategic partnerships enhance system development and deployment.
• Procurement of man-portable systems expands due to tactical flexibility and widespread field deployment.
Top Companies in the Market
Lockheed Martin Corporation
Raytheon Technologies Corporation
Rafael Advanced Defense Systems Ltd
MBDA
Saab AB
FAQs
1.What is the anti-tank missile system market size and outlook ?
The market was valued at USD 1.87 billion in 2024 and is projected to reach USD 2.10 billion by 2032 at a CAGR of 1.4 % from 2025 to 2032.
2.Which platform type dominates the anti-tank missile system market ?
Ground-based platforms are the dominant and fastest-growing category due to increased demand for land combat and armored threat mitigation.
3.Why are man-portable anti-tank missiles significant in this market ?
Man-portable systems are procured in larger numbers for infantry operations, expanding replacement cycles and boosting market volume.
4.What guidance type is leading in this market ?
Laser-guided missiles lead because of their precision and effectiveness in reducing collateral damage in modern warfare scenarios.
5.Which region shows the most promising growth ?
Asia-Pacific is both largest and fastest-growing, driven by heightened geopolitical tensions and rising defense expenditure.
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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.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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