Man-Portable Anti-Armor Weapons Market 2025

Man-Portable Anti-Armor Weapons Market Size

The global man-portable anti-armor weapons market reached a value of nearly $5,907.04 million in 2024, having grown at a compound annual growth rate (CAGR) of 3.88% since 2019. The market is expected to grow from $5,907.04 million in 2024 to $7,713.96 million in 2029 at a rate of 5.48%. The market is then expected to grow at a CAGR of 5.07% from 2029 and reach $9,877.50 million in 2034. Growth in the historic period resulted from expansion of defense exports and alliances, rising adoption of lightweight and portable weapons, expansion of domestic defense manufacturing capabilities and increased funding for defense technology startups. Factors that negatively affected growth in the historic period were arms control treaties and agreements and shift toward unmanned systems. Going forward, rising defense budgets, rise in military modernization programs, increasing geopolitical conflicts and border disputes, government support and policies and increasing procurement by developing nations will drive the growth. Factor that could hinder the growth of the man-portable anti-armor weapons market in the future include supply chain disruptions and stringent regulatory frameworks.

Man-Portable Anti-Armor Weapons Market Drivers

The key drivers of the man-portable anti-armor weapons market include: Government Support And Policies During the forecast period, government support and policies are expected to propel the growth of the man-portable anti-armor weapons market. Government support and favorable policies, such as increased defense spending, streamlined procurement processes, and incentives for local production, drive the growth of the man-portable anti-armor weapons market by ensuring steady demand and funding for development. Additionally, export regulations, strategic defense partnerships, and technology transfer agreements facilitate market expansion and innovation, strengthening the industry’s global competitiveness. For instance, in April 2024, Defence Research and Development Organisation (DRDO), an India-based government agency, designed the Man-Portable Anti-Tank Guided Missile (MPATGM). The MPATGM system, including the missile, launcher, target acquisition system, and fire control unit, was entirely designed and developed by DRDO, showcasing India's commitment to self-reliance under the Atmanirbhar Bharat initiative. Therefore, the government support and policies will propel the growth of the man-portable anti-armor weapons market.

Man-Portable Anti-Armor Weapons Market Restraints

The key restraints on the man-portable anti-armor weapons market include: Supply Chain Disruptions Supply chain disruptions are expected to restrict the growth of the man-portable anti-armor weapons market going forward. Supply chain disruptions delay the availability of critical components like explosives, guidance systems, and composite materials, slowing down production and delivery of man-portable anti-armor weapons. These delays increase costs for manufacturers and military buyers, reducing procurement rates and hampering operational readiness. For instance, in January 2025, according to Resilinc, a US-based company that provides supply chain resiliency solutions, supply chain disruptions rose by 38% year over year in 2024. Therefore, the supply chain disruptions may hinder the growth of the man-portable anti-armor weapons market.

Man-Portable Anti-Armor Weapons Market Trends

Major trends shaping the man-portable anti-armor weapons market include: Advancing Portable Missile Systems For Enhanced Battlefield Capabilities Major companies operating in the man-portable anti-armor weapons market are prioritizing the launch of new products, such as portable missile systems, to enhance their market presence. A portable missile system, also known as a man-portable air-defense weapon, is designed for use by individuals or small teams to engage aircraft, helicopters, or ground vehicles. For instance, in August 2024, the Defence Research and Development Organization, an India-based military research and development agency announced the successful completion of test-firing for the indigenously developed Man-Portable Anti-Tank Guided Missile (MP-ATGM). The system is highly portable, weighing 14.5 kg, with an additional 14.25 kg for the command launch unit (CLU). It is equipped with a HEAT warhead designed to destroy tanks and armored vehicles, offering an operational range of 200 meters to 4 kilometers. Featuring an advanced IIR sensor and avionics, the missile ensures precise top-attack targeting. With a cylindrical design measuring 130 cm in length and 12 cm in diameter, it is launched from a collapsible tripod and tube for enhanced deployment flexibility. Expanding Manufacturing Facilities To Strengthen Defense Capabilities Companies operating in the man-portable anti-armor weapons market are focusing on expanding manufacturing plants, to increase production capacity, enhance efficiency, meet growing market demand, and strengthen competitive advantage. Manufacturing plant expansion refers to the process of increasing a facility’s production capacity by adding new equipment, technology, or infrastructure to meet growing demand and improve operational efficiency. For instance, in March 2024, Saab AB, a Sweden-based aerospace and defense company, has begun building a new facility where the Carl-Gustaf M4 armament system will be produced. Following the Indian government's approval of 100% foreign direct investment in defense, Saab established its subsidiary, Saab FFVO India Pvt Ltd, to oversee operations at the newly expanded manufacturing facility. The facility will focus on manufacturing the Carl-Gustaf M4, a versatile Swedish-origin infantry weapon known for its adaptability to various military missions. Designed to fire 84 mm caliber ammunition, the system is highly effective against armored vehicles, structures, and stationary targets, with cartridge weights ranging from 3.1 to 4 kg. With a projectile velocity of 230 to 255 meters per second and a firing rate of up to six rounds per minute, the Carl-Gustaf M4 provides rapid and precise engagement, enhancing the operational capabilities of Indian armed forces.

Opportunities And Recommendations In The Man-Portable Anti-Armor Weapons Market

Opportunities – The top opportunities in the man-portable anti-armor weapons market segmented by type will arise in the rocket propelled grenades segment, which will gain $778.11 million of global annual sales by 2029. The top opportunities in the man-portable anti-armor weapons market segmented by technology will arise in the guided weapons segment, which will gain $1,394.65 million of global annual sales by 2029. The top opportunities in the man-portable anti-armor weapons market segmented by application will arise in the defense segment, which will gain $1,197.57 million of global annual sales by 2029. The man-portable anti-armor weapons market size will gain the most in China at $290.12 million. Recommendations- To take advantage of the opportunities, The Business Research Company recommends the man-portable anti-armor weapons market companies to Focus On New Product Launches To Strengthen Market Position, Focus On Manufacturing Expansion To Meet Demand And Localize Production, Focus On Securing High-Value Orders To Drive Revenue And Build Market Confidence, Focus On Anti-Tank Rifles To Capitalize On Fastest Growing Segment, Focus On Guided Weapons To Maximize Growth And Precision Capabilities, Expand In Emerging Markets, Focus On Strategic Partnerships To Localize Production And Expand Market Access, Focus On Tiered Pricing To Align With Procurement Budgets And Maximize Reach, Focus On Government-Focused Demonstrations To Drive Procurement Engagement, Focus On Targeted Digital Campaigns To Support Market Expansion, Focus On Homeland Security To Leverage Fastest Segment Growth And Infrastructure Demand.