The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

An rise in defence budgets is likely to stimulate innovation in the manufacturing of man-portable anti-armor weapons, propelling the market during the forecast period.

The global man-portable anti-armor weapons market is expected to grow from $5.32 billion in 2022 to $5.67 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The global man-portable anti-armor weapons market size is expected to reach $7.01 billion in 2027 at a CAGR of 5.45%.

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 Global Man-Portable Anti-Armor Weapons Market Segments Include:

• By Type: Anti-Aircraft Missiles, Rocket Propelled Grenades, Anti-Tank Rifles, Recoilless Rifle
• By Technology: Guided Weapons, Unguided Weapons
• By Application: Homeland Security, Defense
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global man-portable anti-armor weapons market in 2021.

Major Market Players in the man-portable anti-armor weapons market include Lockheed Martin Corporation, Bharat Dynamics Limited (BDL), General Dynamics Corporation, Saab AB, Raytheon Company, Thales Group, BAE Systems PLC.

Product innovation has emerged as a key trend gaining traction in the market for man-portable anti-armor weaponry. Major businesses in the man-portable anti-armor weapons industry are focusing on releasing new products to increase their market position. For example, in December 2021, MBDA Missile Systems, a missile developer and manufacturer based in France, introduced the new MPCV/MMP (Multi-Purpose Combat Vehicle) anti-tank guided missile weapon station, which is the most advanced high-firepower weapon system designed specifically to meet the most demanding demands of modern combat in both complicated urban and open battlefield conditions. The turret is equipped with four ready-to-fire missiles, electro-optical sensors, a small calibre cannon, and an internal firing console. This French anti-tank guided missile, known as the MMP (Missile Moyenne Portée), is man-portable. MMP (Missile Moyenne Portée) is a man-portable anti-tank guided missile developed by France.

The Man-Portable Anti-Armor Weapons Global Market Report 2023  provides a man-portable anti-armor weapons market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The man-portable anti-armor weapons market forecast analyzes man-portable anti-armor weapons market size, man-portable anti-armor weapons market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Man-portable anti-armor weapons are military weapons that can be fired from the shoulder, such as missiles, guns, and grenades. These anti-armor weapons are easily transportable from one location to another, allowing troops to destroy enemy battle tanks, planes, and other armoured vehicles. These weapons are extremely effective at killing both static and moving targets.

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