| Product Code: ETC13154320 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Man portable Anti armor Weapons Market was valued at USD 3.5 Billion in 2024 and is expected to reach USD 4.8 Billion by 2031, growing at a compound annual growth rate of 5.00% during the forecast period (2025-2031).
The Global Man-portable Anti-armor Weapons Market is expected to witness significant growth, driven by increasing military modernization programs, rising conflicts, and the need for enhanced infantry capabilities. Key players in the market are continuously investing in research and development to introduce advanced anti-armor weapons with improved accuracy, range, and lethality. Factors such as the proliferation of asymmetric warfare, territorial disputes, and the increasing threat of insurgency are also contributing to the market growth. The market is characterized by a variety of portable anti-armor weapons such as rocket-propelled grenades (RPGs), anti-tank guided missiles (ATGMs), and shoulder-fired missile systems. Geopolitical tensions and the focus on enhancing infantry capabilities are expected to drive the demand for man-portable anti-armor weapons in the coming years.
The Global Man-portable Anti-armor Weapons Market is experiencing significant growth due to increasing defense budgets, rising security concerns, and ongoing military modernization programs worldwide. Key trends driving the market include the development of advanced technologies such as guided missiles and precision targeting systems, as well as the growing demand for lightweight and portable anti-armor weapons for use by infantry forces. Opportunities in the market are abundant for companies specializing in the production of next-generation anti-tank missiles, portable rocket launchers, and shoulder-fired weapons. Additionally, the market is witnessing a shift towards the integration of advanced features like fire-and-forget capabilities, improved accuracy, and enhanced lethality, presenting opportunities for innovation and collaboration between defense contractors and technology providers.
The Global Man-Portable Anti-Armor Weapons Market faces several challenges such as technological advancements leading to the development of more sophisticated armor systems by adversaries, which require corresponding upgrades in anti-armor weapons to remain effective. Additionally, strict regulations on the transfer and use of such weapons across international borders can hinder market growth. Limited defense budgets in some countries may also restrict investment in procuring advanced anti-armor weapons, impacting market demand. Furthermore, the evolving nature of asymmetrical warfare and the increasing use of unconventional tactics by adversaries pose challenges in effectively countering armored threats, necessitating continuous innovation and adaptation in the man-portable anti-armor weapons market to address these complex challenges.
The Global Man-portable Anti-armor Weapons Market is primarily driven by increasing defense budgets of various countries, rising security concerns, and the need for advanced weapons systems to combat modern armored threats. The growing focus on enhancing infantry capabilities and the adoption of lightweight and highly effective anti-armor weapons by military forces are also key drivers of market growth. Additionally, technological advancements such as the development of guided missile systems and the integration of advanced targeting systems have further fueled the demand for man-portable anti-armor weapons. The ongoing military modernization programs and the need for efficient and portable anti-armor solutions in asymmetric warfare scenarios are expected to continue driving the market in the coming years.
Government policies play a crucial role in the Global Man-portable Anti-armor Weapons Market by regulating the manufacturing, sale, and export of these weapons. Many countries have strict regulations in place to prevent the proliferation of these weapons to unauthorized users or countries. These policies often include licensing requirements for manufacturers and exporters, as well as restrictions on the types of weapons that can be sold or transferred. Additionally, international agreements such as the Arms Trade Treaty aim to promote transparency and accountability in the trade of conventional weapons, including man-portable anti-armor weapons. Compliance with these policies is essential for companies operating in this market to ensure ethical and legal practices while contributing to global security and stability.
The global man-portable anti-armor weapons market is expected to witness steady growth in the coming years due to increasing defense budgets, rising geopolitical tensions, and the need for advanced weaponry to counter evolving threats. Technological advancements such as the development of lightweight and versatile anti-armor weapons, along with the integration of advanced guidance systems and improved accuracy, are likely to drive market growth. Additionally, the demand for portable anti-armor weapons in asymmetric warfare scenarios and urban combat environments is expected to further boost market expansion. Key players in the market are focusing on research and development activities to introduce innovative solutions, such as anti-tank guided missiles and shoulder-fired rocket launchers, to meet the evolving requirements of modern warfare. Overall, the global man-portable anti-armor weapons market is poised for significant growth in the foreseeable future.
In the Global Man-portable Anti-armor Weapons Market, Asia is expected to dominate in terms of market share due to ongoing territorial disputes and military modernization programs in countries like China and India. North America is projected to have a significant market presence, driven by defense spending and the need for advanced anti-armor capabilities. Europe is anticipated to witness steady growth, fueled by NATO initiatives and the threat of Russian aggression. The Middle East and Africa region is likely to experience moderate growth, attributed to ongoing conflicts and counter-terrorism efforts. Latin America is expected to show a gradual increase in demand for man-portable anti-armor weapons due to regional security challenges and military modernization efforts.
Global Man portable Anti armor Weapons Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Man portable Anti armor Weapons Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Man portable Anti armor Weapons Market Revenues & Volume, 2021 & 2031F |
3.3 Global Man portable Anti armor Weapons Market - Industry Life Cycle |
3.4 Global Man portable Anti armor Weapons Market - Porter's Five Forces |
3.5 Global Man portable Anti armor Weapons Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Man portable Anti armor Weapons Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Global Man portable Anti armor Weapons Market Revenues & Volume Share, By Weapon Systems, 2021 & 2031F |
3.8 Global Man portable Anti armor Weapons Market Revenues & Volume Share, By Assembly Type, 2021 & 2031F |
4 Global Man portable Anti armor Weapons Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Man portable Anti armor Weapons Market Trends |
6 Global Man portable Anti armor Weapons Market, 2021 - 2031 |
6.1 Global Man portable Anti armor Weapons Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Man portable Anti armor Weapons Market, Revenues & Volume, By Guided, 2021 - 2031 |
6.1.3 Global Man portable Anti armor Weapons Market, Revenues & Volume, By Unguided, 2021 - 2031 |
6.2 Global Man portable Anti armor Weapons Market, Revenues & Volume, By Weapon Systems, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Man portable Anti armor Weapons Market, Revenues & Volume, By Man-portable Air Defense Systems (MANPADS), 2021 - 2031 |
6.2.3 Global Man portable Anti armor Weapons Market, Revenues & Volume, By Rocket-propelled Grenade Launchers, 2021 - 2031 |
6.2.4 Global Man portable Anti armor Weapons Market, Revenues & Volume, By Anti-tank Guided Missiles (ATGMs), 2021 - 2031 |
6.3 Global Man portable Anti armor Weapons Market, Revenues & Volume, By Assembly Type, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Man portable Anti armor Weapons Market, Revenues & Volume, By Projectile, 2021 - 2031 |
6.3.3 Global Man portable Anti armor Weapons Market, Revenues & Volume, By Launcher, 2021 - 2031 |
7 North America Man portable Anti armor Weapons Market, Overview & Analysis |
7.1 North America Man portable Anti armor Weapons Market Revenues & Volume, 2021 - 2031 |
7.2 North America Man portable Anti armor Weapons Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Man portable Anti armor Weapons Market, Revenues & Volume, By Technology, 2021 - 2031 |
7.4 North America Man portable Anti armor Weapons Market, Revenues & Volume, By Weapon Systems, 2021 - 2031 |
7.5 North America Man portable Anti armor Weapons Market, Revenues & Volume, By Assembly Type, 2021 - 2031 |
8 Latin America (LATAM) Man portable Anti armor Weapons Market, Overview & Analysis |
8.1 Latin America (LATAM) Man portable Anti armor Weapons Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Man portable Anti armor Weapons Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Man portable Anti armor Weapons Market, Revenues & Volume, By Technology, 2021 - 2031 |
8.4 Latin America (LATAM) Man portable Anti armor Weapons Market, Revenues & Volume, By Weapon Systems, 2021 - 2031 |
8.5 Latin America (LATAM) Man portable Anti armor Weapons Market, Revenues & Volume, By Assembly Type, 2021 - 2031 |
9 Asia Man portable Anti armor Weapons Market, Overview & Analysis |
9.1 Asia Man portable Anti armor Weapons Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Man portable Anti armor Weapons Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Man portable Anti armor Weapons Market, Revenues & Volume, By Technology, 2021 - 2031 |
9.4 Asia Man portable Anti armor Weapons Market, Revenues & Volume, By Weapon Systems, 2021 - 2031 |
9.5 Asia Man portable Anti armor Weapons Market, Revenues & Volume, By Assembly Type, 2021 - 2031 |
10 Africa Man portable Anti armor Weapons Market, Overview & Analysis |
10.1 Africa Man portable Anti armor Weapons Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Man portable Anti armor Weapons Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Man portable Anti armor Weapons Market, Revenues & Volume, By Technology, 2021 - 2031 |
10.4 Africa Man portable Anti armor Weapons Market, Revenues & Volume, By Weapon Systems, 2021 - 2031 |
10.5 Africa Man portable Anti armor Weapons Market, Revenues & Volume, By Assembly Type, 2021 - 2031 |
11 Europe Man portable Anti armor Weapons Market, Overview & Analysis |
11.1 Europe Man portable Anti armor Weapons Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Man portable Anti armor Weapons Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Man portable Anti armor Weapons Market, Revenues & Volume, By Technology, 2021 - 2031 |
11.4 Europe Man portable Anti armor Weapons Market, Revenues & Volume, By Weapon Systems, 2021 - 2031 |
11.5 Europe Man portable Anti armor Weapons Market, Revenues & Volume, By Assembly Type, 2021 - 2031 |
12 Middle East Man portable Anti armor Weapons Market, Overview & Analysis |
12.1 Middle East Man portable Anti armor Weapons Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Man portable Anti armor Weapons Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Man portable Anti armor Weapons Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Man portable Anti armor Weapons Market, Revenues & Volume, By Technology, 2021 - 2031 |
12.4 Middle East Man portable Anti armor Weapons Market, Revenues & Volume, By Weapon Systems, 2021 - 2031 |
12.5 Middle East Man portable Anti armor Weapons Market, Revenues & Volume, By Assembly Type, 2021 - 2031 |
13 Global Man portable Anti armor Weapons Market Key Performance Indicators |
14 Global Man portable Anti armor Weapons Market - Export/Import By Countries Assessment |
15 Global Man portable Anti armor Weapons Market - Opportunity Assessment |
15.1 Global Man portable Anti armor Weapons Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Man portable Anti armor Weapons Market Opportunity Assessment, By Technology, 2021 & 2031F |
15.3 Global Man portable Anti armor Weapons Market Opportunity Assessment, By Weapon Systems, 2021 & 2031F |
15.4 Global Man portable Anti armor Weapons Market Opportunity Assessment, By Assembly Type, 2021 & 2031F |
16 Global Man portable Anti armor Weapons Market - Competitive Landscape |
16.1 Global Man portable Anti armor Weapons Market Revenue Share, By Companies, 2024 |
16.2 Global Man portable Anti armor Weapons Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |