Press release
Man-Portable Anti-Armor Weapons Market to Reach USD 8.12 Billion by 2030 at 5.41% CAGR
Man-Portable Anti-Armor Weapons
Projected Market Size Growth for Man-Portable Anti-Armor Weapons
The man-portable anti-armor weapons market is forecasted to grow steadily, reaching a value of $8.13 billion by 2030, with a compound annual growth rate (CAGR) of 5.4%. This anticipated growth is fueled by increased investments in next-generation anti-armor systems equipped with advanced seeker and targeting technologies. Additionally, efforts to develop modular and reusable launch platforms are enhancing operational flexibility. The momentum is further supported by infantry modernization programs that drive demand for portable, high-performance weaponry. Integration of network-enabled targeting systems is improving battlefield coordination, while ongoing innovations in lighter, higher-penetration warheads are designed to effectively counter evolving armored vehicle defenses. Key trends to watch include advancements in warhead technology, lightweight and portable designs, superior target acquisition, extended range and accuracy, and improved training and simulation tools for troops.
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Leading Organizations Influencing the Man-Portable Anti-Armor Weapons Market
Several prominent companies dominate the man-portable anti-armor weapons landscape, including 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.
Strengthening Industry Partnerships for Advanced Capabilities
In January 2024, MBDA, a French manufacturer specializing in anti-aircraft missiles, formed a strategic partnership with Sweden's Saab AB. This collaboration aims to enhance the development of critical anti-tank and air defense systems tailored for high-intensity conflict scenarios. Their joint focus on the Akeron MP missile system includes incorporating sophisticated features such as beyond-line-of-sight firing capabilities to meet the demands of future combat environments. Saab AB is recognized for its aerospace and defense expertise, adding considerable value to this partnership.
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Emerging Product Innovations in the Man-Portable Anti-Armor Weapons Market
Market leaders are actively introducing innovative products like portable missile systems to boost their market presence. These systems, also known as man-portable air-defense weapons, are designed for use by individuals or small teams to target aircraft, helicopters, and ground vehicles. Their high mobility and rapid deployment capabilities make them effective in diverse combat situations. For example, in August 2024, India's Defence Research and Development Organization announced the successful test firing of its indigenously developed Man-Portable Anti-Tank Guided Missile (MP-ATGM). This weapon system weighs 14.5 kg, with an additional 14.25 kg for the command launch unit, ensuring excellent portability. It uses a high-explosive anti-tank (HEAT) warhead capable of destroying tanks and armored vehicles, covering an operational range between 200 meters and 4 kilometers. Equipped with an advanced infrared imaging (IIR) sensor and avionics, the missile delivers precise top-attack targeting. Its cylindrical body measures 130 cm in length and 12 cm in diameter and is launched from a collapsible tripod and tube.
Detailed Segment Analysis and Market Share in Man-Portable Anti-Armor Weapons
This report divides the man-portable anti-armor weapons market into several key segments:
1) By Type: Anti-Aircraft Missiles, Rocket Propelled Grenades, 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 split into Short-Range Air Defense Missiles and Man-Portable Air Defense Systems (MANPADS).
- Rocket Propelled Grenades divided into Single-Use RPGs and Multi-Use RPGs.
- Anti-Tank Rifles categorized as Traditional Anti-Tank Rifles and Modern Anti-Material Rifles.
- Recoilless Rifles classified into Lightweight and Heavyweight variants.
This segmentation offers a comprehensive understanding of market dynamics and helps identify specific areas of growth and innovation within the man-portable anti-armor weapons industry.
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