Man Portable Anti-Armor Weapons Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Anti-Aircraft Missiles, Anti-tank Rifles, Recoilless Rifles and Rocket Propelled Grenades), By Modes (Light Anti-Tank Weapons, Medium Anti-Tank Weapons and Heavy Anti-Tank Weapons), By Technology (Guided Weapons and Unguided Weapons), By Region, Competition 2019-2029
Published Date: March - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization| Forecast Period | 2025-2029 |
| Market Size (2023) | USD 22.75 Billion |
| CAGR (2024-2029) | 7.54% |
| Fastest Growing Segment | Anti-Aircraft Missiles |
| Largest Market | North America |
| Market Size (2029) | USD 34.91 Billion |
Market Overview
The Man Portable Anti-Armor Weapons Market was worth USD 22.75 Billion in 2023 and is expected to reach USD 7.54% Billion by 2029, at a CAGR of 34.91 in the forecast period 2025-2029.
Major players in the defense sector add to the competitiveness of the market by launching cutting-edge man-portable anti-armor systems. These systems typically feature lightweight materials and advanced propulsion systems to enhance portability and mobility for foot soldiers. Furthermore, the incorporation of advanced electronics, including infrared guidance systems and fire-and-forget technology, increases the accuracy and efficiency of these weapons.
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The international market is driven by geopolitical considerations, modernization of the military, and the persistent need for efficient anti-armor weapons. With countries prioritizing boosting their military strength, there is a steady need for quality and next-generation man-portable anti-armor systems. The market is sensitive to geopolitical stress and regional stability, where nations want to arm their militaries with state-of-the-art anti-armor weapons to be able to exercise strategic deterrence.
Stringent export controls and regulations govern international trade in man-portable anti-armor missiles. Governments and defense firms operate complex international agreements to meet allied nations' defense requirements while adhering to arms control measures. Sales of these weapons are scrutinized to avoid unauthorized proliferation and responsible transfers of arms.
Key Market Drivers
Technological Advancements
The Global Man-Portable Anti-Armor Weapons Market is propelled by continuous technological advancements. The development of precision-guided missile systems, advanced targeting capabilities, and improved propulsion technologies enhances the effectiveness and versatility of man-portable anti-armor weapons. These advancements provide infantry forces with more accurate and lethal tools to counter evolving armored threats on the battlefield.
Military Modernization Initiatives
Military modernization initiatives worldwide drive the demand for advanced man-portable anti-armor weapons. As armed forces seek to enhance their capabilities in response to emerging threats, investments in state-of-the-art anti-armor systems become a priority. Nations recognize the strategic importance of equipping infantry units with powerful and adaptable weapons to maintain a credible deterrent and ensure battlefield superiority.
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Geopolitical Tensions and Regional Conflicts
Geopolitical tensions and regional conflicts significantly influence the Global Man-Portable Anti-Armor Weapons Market. Ongoing security concerns and the potential for armored threats in various regions drive the procurement of anti-armor weapons. Nations facing specific geopolitical challenges prioritize the acquisition of advanced man-portable systems to address regional security dynamics and maintain a robust defense posture.
Enhanced Portability and Maneuverability
The market is driven by efforts to enhance the portability and maneuverability of man-portable anti-armor weapons. Innovations in lightweight materials and propulsion technologies contribute to the development of more compact and mobile systems. Improved portability ensures that infantry soldiers can effectively carry and deploy these weapons in diverse operational environments, increasing their overall tactical flexibility.
Integration of Electronics and Guidance Systems
Electronics play a crucial role in the market's growth, with the integration of advanced guidance systems. Infrared guidance, fire-and-forget capabilities, and other electronic enhancements improve the precision and autonomy of man-portable anti-armor weapons. These features enable soldiers to engage armored targets with greater accuracy, reducing the risk to friendly forces and enhancing overall mission success.
Strategic Alliances and Collaborations
Strategic alliances and collaborations between defense contractors and military organizations drive innovation and market expansion. Joint development projects and international partnerships enable the pooling of resources and expertise to create cutting-edge anti-armor systems. Collaborative efforts contribute to the globalization of the market and facilitate the sharing of advanced technologies among allied nations.
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Increased Defense Budgets
Rising defense budgets across various nations contribute to the growth of the Global Man-Portable Anti-Armor Weapons Market. The allocation of increased funding for defense allows governments to invest in acquiring the latest anti-armor capabilities. Nations prioritize the procurement of advanced weapons to ensure the readiness of their armed forces and address evolving threats posed by armored vehicles.
Counterterrorism Operations
The focus on counterterrorism operations further drives the demand for man-portable anti-armor weapons. As counterinsurgency and counterterrorism efforts continue globally, infantry forces require effective tools to neutralize the threat posed by armored vehicles employed by non-state actors. The market responds by providing specialized anti-armor systems designed for urban and asymmetric warfare scenarios.
Key Market Challenges
Armor Advancements and Countermeasures
A significant challenge faced by the Global Man-Portable Anti-Armor Weapons Market is the continuous evolution of armored vehicle technologies and the development of effective countermeasures. As armored threats incorporate advanced materials and defensive systems, the challenge lies in developing anti-armor weapons capable of overcoming these defenses, ensuring the sustained effectiveness of infantry forces on the battlefield.
Cost and Affordability Constraints
The development and procurement of advanced man-portable anti-armor weapons often involve high research, development, and production costs. Budget constraints and affordability issues pose challenges for both manufacturers and military entities, limiting the widespread adoption of cutting-edge technologies. Striking a balance between technological sophistication and cost-effectiveness becomes crucial in addressing this challenge.
Weight and Portability Trade-offs
Achieving the optimal balance between weight and portability is a persistent challenge in the market. As the demand for more powerful and versatile anti-armor weapons increases, there is a constant struggle to enhance capabilities without compromising the portability that is essential for infantry soldiers. Managing the weight of advanced systems while ensuring maneuverability remains a technical and logistical challenge.
International Export Controls
The Global Man-Portable Anti-Armor Weapons Market is subject to stringent international export controls and regulations. Governments must navigate complex legal frameworks to facilitate responsible arms transfers while preventing the unauthorized proliferation of advanced weaponry. Export control challenges impact the global trade of these weapons, requiring careful consideration of political, diplomatic, and security factors.
Operational Range and Lethality
Enhancing the operational range and lethality of man-portable anti-armor weapons poses a technical challenge. The need for increased range to engage targets from a safe distance and improved lethality against modern armored threats necessitates ongoing research and development efforts. Balancing these requirements without sacrificing other crucial factors, such as portability, remains a complex challenge.
Human Factors and Training
The effective use of man-portable anti-armor weapons requires well-trained infantry soldiers. Adequate training programs and considerations for human factors, including ergonomics and user interfaces, are essential. The challenge lies in ensuring that soldiers can efficiently operate and maintain these advanced systems, especially in high-pressure combat situations, requiring continuous investment in training infrastructure and resources.
Proliferation Risks and Non-State Actors
The risk of man-portable anti-armor weapons falling into the hands of non-state actors poses a significant challenge. The portability and potential lethality of these weapons make them attractive targets for illicit arms trade. Mitigating proliferation risks requires robust international cooperation, intelligence-sharing, and measures to secure and monitor weapon stockpiles globally.
Adaptability to Asymmetric Warfare
The rise of asymmetric warfare scenarios, characterized by unconventional tactics and varying operational environments, poses a challenge for man-portable anti-armor weapons. Designing systems that can adapt to the dynamic nature of asymmetric threats, such as urban warfare or irregular combat situations, requires constant innovation and flexibility in weapon design and deployment strategies.
Key Market Trends
Integration of Smart Technologies
A prominent trend in the Global Man-Portable Anti-Armor Weapons Market is the integration of smart technologies to enhance targeting and operational capabilities. This includes the incorporation of advanced guidance systems, artificial intelligence, and sensor technologies, enabling precision strikes on armored targets. The trend aligns with the broader shift towards network-centric warfare and increased reliance on data-driven decision-making in modern conflict scenarios.
Development of Lightweight and Portable Systems
The market is witnessing a trend towards the development of lightweight and highly portable man-portable anti-armor weapons. Innovations in materials, such as composite alloys and carbon fiber, contribute to reduced weapon weight without compromising lethality. Enhanced portability is crucial for infantry forces operating in diverse environments, allowing for greater mobility and flexibility on the battlefield.
Advancements in Seeker Technologies
Seeker technologies, including infrared and laser guidance systems, are experiencing advancements, contributing to improved target acquisition and tracking capabilities. These technologies enhance the accuracy of anti-armor weapons, particularly in challenging environments or against fast-moving targets. The trend underscores the market's focus on increasing the lethality and reliability of man-portable systems.
Modularity and Multi-Mission Capabilities
A trend towards modular designs and multi-mission capabilities is observed in the development of man-portable anti-armor weapons. Systems designed to accommodate different types of warheads or payloads cater to a range of operational scenarios. This trend allows military forces to adapt quickly to evolving threats and operational requirements, increasing the versatility of anti-armor weaponry.
Electro-Optical and Infrared (EO/IR) Technologies
Electro-optical and infrared technologies are playing a crucial role in enhancing the situational awareness of anti-armor weapon operators. EO/IR sensors provide increased visibility in low-light conditions and adverse weather, improving the effectiveness of these weapons in various environments. The trend towards advanced EO/IR technologies reflects a commitment to optimizing performance across diverse operational scenarios.
Increasing Emphasis on Non-Line-of-Sight (NLOS) Capabilities
The market is witnessing an increasing emphasis on Non-Line-of-Sight (NLOS) capabilities, allowing anti-armor weapons to engage targets beyond the operator's direct line of sight. This trend aligns with the need for improved standoff distances and enhanced survivability for infantry forces. NLOS capabilities contribute to increased operational flexibility and the ability to engage threats from concealed positions.
Global Collaboration and Joint Development
Collaborative efforts and joint development projects among global defense contractors and military organizations are shaping the market's trends. International partnerships facilitate the sharing of technological expertise and resources, leading to the creation of advanced anti-armor systems. This trend reflects a globalized approach to addressing evolving threats and ensuring interoperability among allied nations.
Electromagnetic (EM) and Radio Frequency (RF) Countermeasures
A notable trend involves the integration of electromagnetic and radio frequency countermeasures in man-portable anti-armor weapons to enhance survivability on the battlefield. These countermeasures aim to disrupt or evade enemy electronic systems and guided munitions, reducing the effectiveness of potential threats. The trend reflects a proactive approach to addressing the electronic warfare challenges associated with modern armored vehicles.
Segmental Insights
By Type
The Anti-Aircraft Missiles segment of the Global Man-Portable Anti-Armor Weapons Market is an important category intended to neutralize aerial threats. The missiles in this category are fitted with sophisticated guidance systems, targeting and destroying aircraft, helicopters, and unmanned aerial vehicles (UAVs). The trend in this segment involves the use of advanced sensor technologies and enhanced agility to successfully target high-speed aerial targets. Anti-Aircraft Missiles are progressively versatile, in response to the changing environment of air threats in the contemporary battlefield.
The Anti-tank Rifles segment is key to the industry, offering infantry troops powerful rifles designed to specifically penetrate tank armor and other armor vehicles. Such rifles are identified by their caliber ammunition and their precision targeting nature. Trends in this market in recent times are the design of portable and light anti-tank rifles, providing better mobility to infantry troops. The design and material improvements support the overall functionality of Anti-tank Rifles as an effective solution to armored attacks.
Recoilless Rifles are a highly versatile category within the Global Man-Portable Anti-Armor Weapons Market due to their compatibility with different modes of operation. These guns employ a recoilless mechanism to reduce the force of recoil backwards when fired, enabling them to be used by infantry effectively. Recoilless Rifles can be used against armored vehicles and fixed positions. One of the trends in this category is an attempt to improve the portability and recoil handling of these guns, making them more friendly and responsive to the requirements of contemporary infantry forces.
The Rocket-Propelled Grenades (RPGs) segment is a popular and on-going category in the market. RPGs are shoulder-fired, hand-carryable systems that fire rockets carrying anti-armor warheads. Current trends concentrate on the production of advanced RPG systems with enhanced accuracy, increased ranges, and new warhead technologies. Further, work is being done to resolve weight-related issues associated with RPG systems to make them more mobile for infantrymen. RPGs remain an integral part of anti-armor assets because they are simple, low-cost, and versatile on the battlefield.
Regional Insights
North America is dominated by intense research and development in the market for man-portable anti-armor weapons and heavy reliance on technology development. North America is home to major defense contractors and military bases that aid in the constant improvement of anti-armor systems. Prioritizing military modernization and confronting changing threats, North America continues to be a market leader. Moreover, the impact of stringent safety policies and the incorporation of advanced electronic systems in anti-armor weapons also play a part in the region's role in defining the market.
Europe is a major focal point for the production and acquisition of man-portable anti-armor weapons. The region is blessed with cooperative efforts of European Union member states and the governance by the European Defence Agency. Prior to other regions in the world, European countries focused on the advancement of infantry operations, leading to the implementation of high-tech anti-armor weapons. The Europe market is defined by a blend of traditional defense industry players and newer startups with creative ideas, thus creating stiff competition. Europe's market identifies with addressing armored challenges of modern warfare through cross-national research and development efforts.
The Asia-Pacific market for man-portable anti-armor weapons is experiencing significant growth due to rising defense expenditures, military modernization programs, and escalating geopolitics. China and India are acquiring sophisticated anti-armor systems to beef up their defense mechanisms. The dynamics of the region's market are influenced by a combination of local manufacturing, foreign partnerships, and the uptake of innovative technologies. With Asia-Pacific countries trying to meet regional security issues, there is a further increase in demand for technologically sophisticated and capable anti-armor systems.
Africa and the Middle East and South America are areas that are characterized by increasing requirements for man-portable anti-armor weapons due to local security issues and localized conflicts. Governments in these nations especially those investing heavily in their defense are interested in obtaining superior anti-armor capabilities to fend off varied threats. The market forces are driven by the special operational needs of the Middle East, such as desert terrain and the dominance of asymmetric warfare. Partnerships with international defense contractors and the emphasis placed on responding to particular regional issues help define the market
Recent Developments
- In May 2023, Lockheed Martin and Raytheon Technologies, through their joint venture, Javelin Joint Venture, secured a potential $7.2 billion contract from the U.S. Army to produce man-portable, anti-tank guided munition systems. The contract, with a base value of $1.02 billion, extends weapon procurement activity until fiscal year 2026. This significant award underscores the continued partnership between the two companies in providing critical defense capabilities to domestic and international customers..
- In February 2024, MBDA Germany secured an export order for its Enforcer shoulder-fired guided missile system. The Enforcer system ordered resembles the configuration procured by Germany in 2020 and features Hensoldt's Dynahawk fire control sight. This follows the start of full-scale production in late 2023 for the initial German order, which included 850 missiles, with delivery expected by the end of 2024..
Key Market Players
- Daycraft Weapon Systems, LLC
- Bharat Dynamics Limited
- China Ordnance Industries Group Corporation Limited
- LIG Nex1 Co. Ltd
- Lockheed Martin Corporation
- MBDA Inc.
- Nammo AS
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