Manned Anti-Tank Guided Missile System Market, By Missile Type (Tube-Launched, Optically-Tracked, Wire-Guided, Missile Moyenne Porte, Javelin, FGM-148 Javelin, and Others), By Firing Platform, By End User, By Geography

The Global Manned Anti-Tank Guided Missile System Market is estimated to be valued at USD 352.7 Mn in 2024 and is expected to reach USD 475.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.

Figure. Manned Anti-Tank Guided Missile System Market Share (%), By Region, 2024

The global manned anti-tank guided missile system market has been growing rapidly over the past few years owing to rising geopolitical tensions and increasing defense budgets of major economies. Manned anti-tank guided missiles are advanced weapon systems equipped on armored vehicles that allow troops to identify and engage tank targets with precision from long ranges. They provide the critical capability to soldiers to instantly destroy enemy tanks and fortified positions using wire-or optically guided missiles. With advances in missile technology and upgraded counterinsurgency operations, many countries are investing heavily in procuring state-of-the-art manned anti-tank systems for strengthening their ground forces.

Market Dynamics:

The global manned anti-tank guided missile system market is driven by rising threats of cross border conflicts and modernization of tactical missile inventories among militaries. Escalating geopolitical risks in various regions and frequent disputes over territorial claims have prompted many nations to bolster their anti-armor capabilities. Additionally, growing defense spending of emerging economies such as India, South Korea and African nations to develop indigenous production of advanced weapons is fueling new opportunities. However, high procurement costs of manned anti-tank missiles and economic slowdowns due to the pandemic are expected to restrain market growth. Meanwhile, development of laser-guided missiles with top-attack capabilities to mitigate evolving tank defense systems presents new avenues for players.

Key features of the study:

This report provides in-depth analysis of the global manned anti-tank guided missile system market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global manned anti-tank guided missile system market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include BAE Systems, Denel Dynamics, Elbit Systems Ltd, General Dynamics Corporation, KBP Instrument Design Bureau, Lockheed Martin Corporation, MBDA, Rafael Advanced Defense Systems, Raytheon Company, ROKETSAN A.S., Saab AB, Thales Group, Northrop Grumman, Hensoldt, and Leonardo S.p.A.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global manned anti-tank guided missile system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global manned anti-tank guided missile system market.

Detailed Segmentation-

• By Missile Type Insights (Revenue, USD Mn, 2019 - 2031)
  • Tube-Launched, Optically-Tracked, Wire-Guided (TOW)
  • Missile Moyenne Portee (MMP)
  • Javelin
  • FGM-148 Javelin
  • Others
• By Firing Platform Insights (Revenue, USD Mn, 2019 - 2031)
  • Vehicle-Mounted
  • Man-Portable
• By End User Insights (Revenue, USD Mn, 2019 - 2031)
  • Military
  • Homeland Security
• Regional Insights (Revenue, USD Mn 2019 - 2031)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
• Key Players Insights
  • BAE Systems
  • Denel Dynamics
  • Elbit Systems Ltd
  • General Dynamics Corporation
  • KBP Instrument Design Bureau
  • Lockheed Martin Corporation
  • MBDA
  • Rafael Advanced Defense Systems
  • Raytheon Company
  • ROKETSAN A.S.
  • Saab AB
  • Thales Group
  • Northrop Grumman
  • Hensoldt
  • Leonardo S.p.A.