Product Code: ETC13339807 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | 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 Tank Guided Missile System Market was valued at USD 3.5 Billion in 2024 and is expected to reach USD 5.6 Billion by 2031, growing at a compound annual growth rate of 6.30% during the forecast period (2025-2031).
The Global Man Portable Anti Tank Guided Missile System Market is experiencing significant growth due to increasing defense budgets, rising military conflicts, and the need for advanced anti-tank capabilities. Key market players are investing in research and development to enhance the range, accuracy, and effectiveness of man-portable anti-tank guided missile systems. The increasing demand for lightweight and portable missile systems, coupled with advancements in technology such as infrared imaging and laser guidance, is driving market expansion. Geopolitical tensions and modernization efforts by militaries worldwide are further fueling market growth. North America and Europe are leading regions in terms of market share, with Asia Pacific projected to witness substantial growth in the coming years, driven by escalating territorial disputes and security concerns in the region.
The global man-portable anti-tank guided missile system market is experiencing significant growth due to increasing defense spending, the modernization of military forces, and the rising threat of armored vehicles. Key trends driving the market include the development of advanced technologies such as fire-and-forget systems, increased focus on lightweight and portable missile systems, and the integration of anti-tank guided missiles with unmanned systems. Opportunities in the market lie in the demand for versatile and cost-effective anti-tank solutions for infantry units, special forces, and urban warfare scenarios. Additionally, the growing adoption of shoulder-fired anti-tank guided missiles by emerging economies and ongoing military conflicts are expected to fuel market expansion. Overall, the market is poised for growth, with innovation and strategic partnerships playing a crucial role in shaping its future trajectory.
The Global Man Portable Anti Tank Guided Missile System Market faces several challenges, including technological advancements leading to the development of more sophisticated and advanced missile defense systems by potential adversaries, which could render existing anti-tank guided missile systems obsolete. Additionally, budget constraints in defense spending by various countries may limit the procurement of new systems or upgrades to existing missile systems. Furthermore, export restrictions and regulatory hurdles imposed by governments on the trade of these systems can hinder market growth and expansion opportunities for manufacturers. Competition among key market players, along with the need for continuous research and development to stay ahead in the market, also pose challenges for companies operating in the global man-portable anti-tank guided missile system market.
The global man portable anti-tank guided missile system market is primarily driven by increasing military modernization programs and investments by various countries to enhance their defense capabilities. The growing need for portable and effective anti-tank weapons to counter evolving threats and armored vehicles is also a significant driver for the market. Additionally, the rise in asymmetric warfare and insurgency activities in various regions have further boosted the demand for man portable anti-tank guided missile systems. Technological advancements in missile guidance systems, such as improved accuracy and target acquisition capabilities, are also driving market growth. Furthermore, the focus on lightweight and portable systems that offer high lethality and precision in combat situations is expected to fuel market expansion in the coming years.
Government policies related to the Global Man Portable Anti Tank Guided Missile System Market primarily focus on regulating the export and import of these advanced weapon systems. Nations often have stringent licensing requirements for the transfer of Man Portable Anti Tank Guided Missiles to ensure they do not fall into the wrong hands or destabilize regions. Additionally, governments also emphasize the need for transparency and accountability in the procurement and use of these missiles to maintain international security and prevent illicit arms trafficking. Some countries may have specific guidelines on technology transfer, end-user certifications, and restrictions on sales to countries under arms embargoes. Overall, government policies aim to strike a balance between supporting defense capabilities and preventing the proliferation of these high-tech weapons in the global market.
The Global Man Portable Anti Tank Guided Missile System Market is expected to witness steady growth in the coming years, driven by increasing defense budgets of various countries, growing geopolitical tensions, and the need for advanced anti-tank capabilities. Technological advancements in missile systems, such as improved accuracy, longer ranges, and enhanced target acquisition capabilities, will further fuel market expansion. Additionally, the rising demand for lightweight, portable anti-tank guided missile systems that can be easily operated by infantry units is anticipated to drive market growth. The market is also likely to benefit from ongoing military modernization programs and the development of next-generation missile systems with improved performance and versatility. Overall, the Global Man Portable Anti Tank Guided Missile System Market is poised for growth, offering opportunities for market players to innovate and expand their product offerings.
The Global Man Portable Anti Tank Guided Missile System Market is witnessing varying trends across different regions. In Asia, countries like India and China are investing significantly in the development and procurement of these systems to enhance their defense capabilities. North America is experiencing a steady demand due to ongoing modernization programs and military operations. In Europe, there is a growing focus on enhancing infantry capabilities, leading to increased adoption of man portable anti-tank guided missile systems. The Middle East and Africa region is witnessing a surge in demand driven by escalating regional conflicts and security threats. Latin America is also emerging as a promising market with countries like Brazil and Mexico investing in advanced anti-tank missile systems to bolster their defense capabilities.
Global Man Portable Anti Tank Guided Missile System 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 Tank Guided Missile System Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Man Portable Anti Tank Guided Missile System Market Revenues & Volume, 2021 & 2031F |
3.3 Global Man Portable Anti Tank Guided Missile System Market - Industry Life Cycle |
3.4 Global Man Portable Anti Tank Guided Missile System Market - Porter's Five Forces |
3.5 Global Man Portable Anti Tank Guided Missile System Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Man Portable Anti Tank Guided Missile System Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Man Portable Anti Tank Guided Missile System Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Man Portable Anti Tank Guided Missile System Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Global Man Portable Anti Tank Guided Missile System Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Global Man Portable Anti Tank Guided Missile System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Man Portable Anti Tank Guided Missile System Market Trends |
6 Global Man Portable Anti Tank Guided Missile System Market, 2021 - 2031 |
6.1 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Infrared-Guided, 2021 - 2031 |
6.1.3 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Laser-Guided, 2021 - 2031 |
6.1.4 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Wire-Guided, 2021 - 2031 |
6.2 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Target Acquisition, 2021 - 2031 |
6.2.3 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Precision Strike, 2021 - 2031 |
6.2.4 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Anti-Armor Warfare, 2021 - 2031 |
6.3 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Military Forces, 2021 - 2031 |
6.3.3 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Defense Agencies, 2021 - 2031 |
6.3.4 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Special Forces, 2021 - 2031 |
6.4 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Direct Sales, 2021 - 2031 |
6.4.3 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Government Contracts, 2021 - 2031 |
6.4.4 Global Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Military Contractors, 2021 - 2031 |
7 North America Man Portable Anti Tank Guided Missile System Market, Overview & Analysis |
7.1 North America Man Portable Anti Tank Guided Missile System Market Revenues & Volume, 2021 - 2031 |
7.2 North America Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By End User, 2021 - 2031 |
7.6 North America Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8 Latin America (LATAM) Man Portable Anti Tank Guided Missile System Market, Overview & Analysis |
8.1 Latin America (LATAM) Man Portable Anti Tank Guided Missile System Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By End User, 2021 - 2031 |
8.6 Latin America (LATAM) Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9 Asia Man Portable Anti Tank Guided Missile System Market, Overview & Analysis |
9.1 Asia Man Portable Anti Tank Guided Missile System Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By End User, 2021 - 2031 |
9.6 Asia Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10 Africa Man Portable Anti Tank Guided Missile System Market, Overview & Analysis |
10.1 Africa Man Portable Anti Tank Guided Missile System Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By End User, 2021 - 2031 |
10.6 Africa Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11 Europe Man Portable Anti Tank Guided Missile System Market, Overview & Analysis |
11.1 Europe Man Portable Anti Tank Guided Missile System Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By End User, 2021 - 2031 |
11.6 Europe Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12 Middle East Man Portable Anti Tank Guided Missile System Market, Overview & Analysis |
12.1 Middle East Man Portable Anti Tank Guided Missile System Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By End User, 2021 - 2031 |
12.6 Middle East Man Portable Anti Tank Guided Missile System Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
13 Global Man Portable Anti Tank Guided Missile System Market Key Performance Indicators |
14 Global Man Portable Anti Tank Guided Missile System Market - Export/Import By Countries Assessment |
15 Global Man Portable Anti Tank Guided Missile System Market - Opportunity Assessment |
15.1 Global Man Portable Anti Tank Guided Missile System Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Man Portable Anti Tank Guided Missile System Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Man Portable Anti Tank Guided Missile System Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Man Portable Anti Tank Guided Missile System Market Opportunity Assessment, By End User, 2021 & 2031F |
15.5 Global Man Portable Anti Tank Guided Missile System Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
16 Global Man Portable Anti Tank Guided Missile System Market - Competitive Landscape |
16.1 Global Man Portable Anti Tank Guided Missile System Market Revenue Share, By Companies, 2024 |
16.2 Global Man Portable Anti Tank Guided Missile System Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |