Man-Portable Anti-Armor Weapons

PUBLISHED: September 24, 2024

PAGES: 244 Pages

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Description

Global Man-Portable Anti-Armor Weapons Market to Reach US$9.6 Billion by 2030

The global market for Man-Portable Anti-Armor Weapons estimated at US$6.8 Billion in the year 2023, is expected to reach US$9.6 Billion by 2030, growing at a CAGR of 5.0% over the analysis period 2023-2030. Rocket Propelled Grenades, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$4.3 Billion by the end of the analysis period. Growth in the Anti-aircraft Missiles segment is estimated at 4.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.8 Billion While China is Forecast to Grow at 4.7% CAGR

The Man-Portable Anti-Armor Weapons market in the U.S. is estimated at US$1.8 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 4.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.7% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Global Man-Portable Anti-Armor Weapons Market - Key Trends & Drivers Summarized

What Are Man-Portable Anti-Armor Weapons and How Are They Enhancing Modern Military Tactics?

Man-portable anti-armor weapons are lightweight, shoulder-fired systems designed to target and destroy armored vehicles, tanks, and fortified positions. These weapons, which include rocket-propelled grenades (RPGs), anti-tank guided missiles (ATGMs), and other portable missile systems, are essential for infantry units on the battlefield. Their portability allows soldiers to carry them easily, providing flexible and immediate response against armored threats. The growing importance of asymmetrical warfare and the need for mobile, agile forces have increased the reliance on such weapons, particularly in environments where conventional heavy weaponry is not feasible. Man-portable anti-armor weapons offer the ability to neutralize high-value targets quickly, making them a critical component of modern military operations.

How Are Technological Advancements Improving Man-Portable Anti-Armor Weapons?

Technological advancements are significantly enhancing the capabilities of man-portable anti-armor weapons, making them more accurate, powerful, and easier to operate. Modern anti-armor systems are now equipped with advanced guidance systems, including laser targeting, infrared sensors, and GPS technology, allowing soldiers to engage targets with greater precision even in adverse conditions. The development of tandem warheads, designed to penetrate reactive armor, has improved the effectiveness of these weapons against modern tanks and armored vehicles. Additionally, lightweight composite materials have reduced the weight of these systems, increasing mobility for soldiers. Innovations in propulsion systems have also extended the range and speed of missiles, providing greater flexibility in the battlefield. These advancements make man-portable anti-armor weapons an increasingly important asset for military forces worldwide.

What Challenges Are Associated with Man-Portable Anti-Armor Weapons?

Despite their benefits, man-portable anti-armor weapons present several challenges. One major issue is the complexity of operation, as some advanced systems require extensive training for effective use, particularly in high-stress combat situations. Additionally, there are concerns about the proliferation of these weapons, as they are relatively easy to acquire and can fall into the hands of non-state actors or insurgent groups, leading to security risks. Another challenge is the balance between weight and power; while reducing the weight of these systems improves mobility, it can also impact the range or destructive capability of the weapon. Furthermore, maintaining supply chains for advanced systems in remote or hostile environments can be difficult, affecting their availability when needed most.

Growth in the Man-Portable Anti-Armor Weapons Market Is Driven by Several Factors

The growth in the man-portable anti-armor weapons market is driven by several factors, including rising global defense spending, the increasing demand for lightweight, versatile weapons in asymmetric warfare, and ongoing technological advancements. As military forces worldwide focus on mobility and rapid response capabilities, the demand for man-portable systems that can be deployed quickly in various combat scenarios has surged. Technological innovations, such as enhanced guidance systems and tandem warheads, are further fueling the adoption of these weapons. Additionally, geopolitical tensions and conflicts in regions like the Middle East and Eastern Europe are driving the need for more advanced anti-armor solutions. These factors, combined with the increasing focus on equipping infantry units with cutting-edge technology, are expected to propel the growth of the man-portable anti-armor weapons market in the coming years.

Select Competitors (Total 41 Featured) -

Austrian-Spanish Cooperative Development
Diehl Defence GmbH & Co. KG
FN America, LLC
Fn Herstal S.A.
FN Herstel S.A.
PepperBall
Raytheon Australia
S.E.A.L Security Solutions

Product Code: MCP13168

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Man-Portable Anti-Armor Weapons - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Focus on Modernizing Military Forces Spurs Growth in Man-Portable Anti-Armor Weapons Market
- Increased Demand for Lightweight and Mobile Solutions Expands Addressable Market for Anti-Armor Weapons
- Technological Advancements in Guided Missile Systems Propel Growth in Portable Anti-Armor Weapons
- Growing Use of Asymmetric Warfare Drives Demand for Man-Portable Anti-Armor Solutions
- Increased Military Spending Across Key Markets Strengthens Business Case for Anti-Armor Systems
- Rising Emphasis on Tactical Flexibility Spurs Adoption of Lightweight Anti-Armor Weapons
- Technological Innovations in Targeting and Guidance Systems Expand Opportunities for Precision Weapons
- Growing Need for Multi-role Capabilities Drives Demand for Versatile Anti-Armor Solutions
- Rising Focus on Border Security and Counter-terrorism Accelerates Adoption of Man-Portable Weapons
- Expansion of Military Special Operations Units Throws Spotlight on Mobile Anti-Armor Solutions
- Increased Use of UAVs in Combat Scenarios Spurs Demand for Portable Anti-Armor Systems
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Man-Portable Anti-Armor Weapons Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 3: World Historic Review for Man-Portable Anti-Armor Weapons by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 4: World 16-Year Perspective for Man-Portable Anti-Armor Weapons by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Rocket Propelled Grenades by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 6: World Historic Review for Rocket Propelled Grenades by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 7: World 16-Year Perspective for Rocket Propelled Grenades by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Anti-aircraft Missiles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 9: World Historic Review for Anti-aircraft Missiles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 10: World 16-Year Perspective for Anti-aircraft Missiles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 11: World Recent Past, Current & Future Analysis for Recoilless Rifles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 12: World Historic Review for Recoilless Rifles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 13: World 16-Year Perspective for Recoilless Rifles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 14: World Recent Past, Current & Future Analysis for Anti-tank Rifles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 15: World Historic Review for Anti-tank Rifles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 16: World 16-Year Perspective for Anti-tank Rifles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES
- Man-Portable Anti-Armor Weapons Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 17: USA Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 18: USA Historic Review for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 19: USA 16-Year Perspective for Man-Portable Anti-Armor Weapons by Segment - Percentage Breakdown of Value Sales for Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles for the Years 2014, 2024 & 2030
CANADA
- TABLE 20: Canada Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 21: Canada Historic Review for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 22: Canada 16-Year Perspective for Man-Portable Anti-Armor Weapons by Segment - Percentage Breakdown of Value Sales for Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles for the Years 2014, 2024 & 2030
JAPAN
- Man-Portable Anti-Armor Weapons Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 23: Japan Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 24: Japan Historic Review for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 25: Japan 16-Year Perspective for Man-Portable Anti-Armor Weapons by Segment - Percentage Breakdown of Value Sales for Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles for the Years 2014, 2024 & 2030
CHINA
- Man-Portable Anti-Armor Weapons Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 26: China Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 27: China Historic Review for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 28: China 16-Year Perspective for Man-Portable Anti-Armor Weapons by Segment - Percentage Breakdown of Value Sales for Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles for the Years 2014, 2024 & 2030
EUROPE
- Man-Portable Anti-Armor Weapons Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 29: Europe Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 30: Europe Historic Review for Man-Portable Anti-Armor Weapons by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 31: Europe 16-Year Perspective for Man-Portable Anti-Armor Weapons by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
- TABLE 32: Europe Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 33: Europe Historic Review for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 34: Europe 16-Year Perspective for Man-Portable Anti-Armor Weapons by Segment - Percentage Breakdown of Value Sales for Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles for the Years 2014, 2024 & 2030
FRANCE
- Man-Portable Anti-Armor Weapons Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 35: France Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 36: France Historic Review for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 37: France 16-Year Perspective for Man-Portable Anti-Armor Weapons by Segment - Percentage Breakdown of Value Sales for Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles for the Years 2014, 2024 & 2030
GERMANY
- Man-Portable Anti-Armor Weapons Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 38: Germany Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 39: Germany Historic Review for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 40: Germany 16-Year Perspective for Man-Portable Anti-Armor Weapons by Segment - Percentage Breakdown of Value Sales for Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles for the Years 2014, 2024 & 2030
ITALY
- TABLE 41: Italy Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 42: Italy Historic Review for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 43: Italy 16-Year Perspective for Man-Portable Anti-Armor Weapons by Segment - Percentage Breakdown of Value Sales for Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles for the Years 2014, 2024 & 2030
UNITED KINGDOM
- Man-Portable Anti-Armor Weapons Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 44: UK Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 45: UK Historic Review for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 46: UK 16-Year Perspective for Man-Portable Anti-Armor Weapons by Segment - Percentage Breakdown of Value Sales for Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles for the Years 2014, 2024 & 2030
REST OF EUROPE
- TABLE 47: Rest of Europe Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 48: Rest of Europe Historic Review for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 49: Rest of Europe 16-Year Perspective for Man-Portable Anti-Armor Weapons by Segment - Percentage Breakdown of Value Sales for Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles for the Years 2014, 2024 & 2030
ASIA-PACIFIC
- Man-Portable Anti-Armor Weapons Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 50: Asia-Pacific Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 51: Asia-Pacific Historic Review for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 52: Asia-Pacific 16-Year Perspective for Man-Portable Anti-Armor Weapons by Segment - Percentage Breakdown of Value Sales for Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles for the Years 2014, 2024 & 2030
REST OF WORLD
- TABLE 53: Rest of World Recent Past, Current & Future Analysis for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 54: Rest of World Historic Review for Man-Portable Anti-Armor Weapons by Segment - Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 55: Rest of World 16-Year Perspective for Man-Portable Anti-Armor Weapons by Segment - Percentage Breakdown of Value Sales for Rocket Propelled Grenades, Anti-aircraft Missiles, Recoilless Rifles and Anti-tank Rifles for the Years 2014, 2024 & 2030