Global Man-Portable Anti-Armor Weapons Market Segments 2024, Forecast To 2033
5 Mar, 2024
The man-portable anti-armor weapons market has shown robust growth, increasing from $5.67 billion in 2023 to $6.03 billion in 2024, with a 6.4% CAGR. Factors such as precision enhancements, geopolitical factors, and cost-efficiency contributed to historic growth. The market is expected to reach $7.7 billion in 2028, reflecting a 6.3% CAGR. Anticipated trends involve miniaturization, smart systems, and multi-role capabilities, aligning with the focus on precision, versatility, and adaptability.
Global Man-Portable Anti-Armor Weapons Market Key Driver
The man-portable anti-armor weapons market is driven by the increase in defense budgets. Global military spending surpassed $2 trillion in 2021, with a 0.7% increase, emphasizing the growth in defense expenditures.
Get A Free Sample Of The Global Man-Portable Anti-Armor Weapons Market ReportGlobal Man-Portable Anti-Armor Weapons Market Segments
The man-portable anti-armor weapons market covered in this report is segmented –
1) By Type: Anti-Aircraft Missiles, Rocket Propelled Grenades, Anti-Tank Rifles, Recoilless Rifle
2) By Technology: Guided Weapons, Unguided Weapons
3) By Application: Homeland Security, Defense
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the man-portable anti-armor weapons market in 2023. Asia-Pacific is expected to be the fastest-growing region in the man-portable anti-armor weapons market report during the forecast period. The regions covered in the man-portable anti-armor weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Man-Portable Anti-Armor Weapons Industry Players
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; Bioquell Ltd.; HDT Global Inc.; AirBoss Defense Group; Blucher GMBH; FLIR Systems Inc.; MSA Safety Incorporated; Argon Electronics Ltd.; Avon Protection Systems Inc.; Chemring Group plc; Environics Oy; The Boeing Company; Rheinmetall AG; Jadara Equipment & Defence Systems; Roketsan Roket Sanayii ve Ticaret A.S.; Luch Design Bureau
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AIOps Man-Portable Anti-Armor Weapons Market Overview
Man-portable anti-armor weapons refer to shoulder-fired military weapons such as missiles, rifles, and grenades. Troop can transfer these anti-armor weapons easily from one site to another in order to destroy enemy battle tanks, planes, and other armoured vehicles. These weapons are highly capable of destroying both static and moving targets.
Man-Portable Anti-Armor Weapons Global Market Report 2023 provides data on the global man-portable anti-armor weapons market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The man-portable anti-armor weapons market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.