Man Portable Anti Armor Weapons Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Man Portable Anti Armor Weapons market from 2023 to 2033, including market size forecasts, segmentations, regional insights, industry dynamics, and emerging trends shaping the future of this vital defense sector.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $1.80 Billion |
| CAGR (2023-2033) | 6.2% |
| 2033 Market Size | $3.34 Billion |
| Top Companies | Northrop Grumman, Raytheon Technologies, BAE Systems, Thales Group, Lockheed Martin |
| Last Modified Date | 15 Nov 2024 |
Man Portable Anti Armor Weapons Market Report (2023 - 2033)
Man Portable Anti Armor Weapons Market Overview
What is the Market Size & CAGR of Man Portable Anti Armor Weapons market in 2023?
Man Portable Anti Armor Weapons Industry Analysis
Man Portable Anti Armor Weapons Market Segmentation and Scope
Request a custom research report for industry.
Man Portable Anti Armor Weapons Market Analysis Report by Region
Europe Man Portable Anti Armor Weapons Market Report:
In Europe, the market value is forecasted to increase from USD 0.55 billion in 2023 to USD 1.02 billion by 2033. Heightened defense spending in response to geopolitical threats from Eastern Europe is driving demand for operational readiness and advanced anti-armor systems.Asia Pacific Man Portable Anti Armor Weapons Market Report:
In the Asia Pacific region, the market is expected to grow from USD 0.34 billion in 2023 to USD 0.64 billion by 2033, driven by increasing military investments in nations like India and China. The demand for advanced anti-armor capabilities is rising, particularly in light of border disputes and regional tensions.North America Man Portable Anti Armor Weapons Market Report:
North America is a critical market, with values projected to grow from USD 0.58 billion in 2023 to USD 1.07 billion in 2033. The U.S. military’s focus on modernization and readiness amid rising global threats substantially influences market growth, promoting investments in innovative weaponry.South America Man Portable Anti Armor Weapons Market Report:
The South American market for Man Portable Anti Armor Weapons is anticipated to expand from USD 0.17 billion in 2023 to USD 0.31 billion in 2033. Key contributing factors include increasing drug trafficking and insurgency threats, which necessitate more robust military responses and upgrades in defense capabilities.Middle East & Africa Man Portable Anti Armor Weapons Market Report:
The Middle East and Africa region is witnessing growth with the market size projected to rise from USD 0.16 billion in 2023 to USD 0.30 billion by 2033. Armed conflicts and counter-terrorism operations are bolstering the demand for effective portable anti-armor weapon systems.Request a custom research report for industry.
Man Portable Anti Armor Weapons Market Analysis By Product
Global Man-Portable Anti-Armor Weapons Market, By Product Market Analysis (2023 - 2033)
The key product segments include Rocket Launchers, Anti-Tank Missiles, and Grenade Launchers. Rocket Launchers dominate the market with a size forecast of USD 1.15 billion in 2023 and expected to rise to USD 2.13 billion by 2033, holding a 63.87% market share throughout the duration. Anti-Tank Missiles are projected to grow from USD 0.45 billion in 2023 to USD 0.83 billion in 2033, retaining a market share of 24.86%. Grenade Launchers, though smaller, are projected to double their size from USD 0.20 billion in 2023 to USD 0.38 billion by 2033.
Man Portable Anti Armor Weapons Market Analysis By Application
Global Man-Portable Anti-Armor Weapons Market, By Application Market Analysis (2023 - 2033)
The applications of Man Portable Anti Armor Weapons span Military, Paramilitary, and Defense Contractors. Military applications comprise the bulk of the market, expected to grow from USD 0.99 billion in 2023 to USD 1.84 billion by 2033, representing a 55.24% share. Paramilitary forces will also see growth from USD 0.38 billion in 2023 to USD 0.71 billion by 2033, sustaining a significant share.
Man Portable Anti Armor Weapons Market Analysis By Technology
Global Man-Portable Anti-Armor Weapons Market, By Technology Market Analysis (2023 - 2033)
Technological segments dominate the market with Guided Technology leading at USD 1.54 billion in 2023, rising to USD 2.85 billion in 2033 with an 85.5% market share. Unguided Technology will grow from USD 0.26 billion in 2023 to USD 0.48 billion by 2033, capturing a substantial portion of the market reflecting advancements in missile technology.
Man Portable Anti Armor Weapons Market Analysis By Launch Mode
Global Man-Portable Anti-Armor Weapons Market, By Launch Mode Market Analysis (2023 - 2033)
The market segments by launch mode include Shoulder-Fired, Tripod-Mounted, and Vehicle-Mounted systems. Shoulder-Fired weapons remain the most significant segment, projected to grow from USD 1.15 billion in 2023 to USD 2.13 billion in 2033, maintaining a market share of 63.87%. Tripod-Mounted systems will see growth from USD 0.45 billion to USD 0.83 billion, while Vehicle-Mounted systems will rise from USD 0.20 billion to USD 0.38 billion.
Man Portable Anti Armor Weapons Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Man Portable Anti Armor Weapons Industry
Northrop Grumman:
A leader in defense technology and innovation, Northrop Grumman develops advanced military systems, providing various man-portable anti-armor solutions to global defense forces.Raytheon Technologies:
Raytheon is known for its precision-guided munitions and missiles, actively contributing to advancements in man portable anti-armor weapon technologies.BAE Systems:
BAE Systems designs and manufactures various defense equipment, including modern anti-armor solutions critical for military operations.Thales Group:
Thales focuses on electronic and defense solutions, including portable weapon systems designed for various combat applications across the world.Lockheed Martin:
Lockheed Martin plays a significant role in developing sophisticated weaponry, including anti-armor systems for the U.S. military and allied forces.We're grateful to work with incredible clients.
