Anti Tank Missile Market

By Type;

Man-Portable and Vehicle-Mounted

By Platform;

Airborne and Ground-Based

By End User;

Military and Commercial

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn464196014 Published Date: September, 2025 Updated Date: October, 2025

Anti-Tank Missile Market Overview

Anti-Tank Missile Market (USD Million)

Anti-Tank Missile Market was valued at USD 3,890.57 million in the year 2024. The size of this market is expected to increase to USD 5,224.00 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.


Anti Tank Missile Market

*Market size in USD million

CAGR 4.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.3 %
Market Size (2024)USD 3,890.57 Million
Market Size (2031)USD 5,224.00 Million
Market ConcentrationHigh
Report Pages354
3,890.57
2024
5,224.00
2031

Major Players

  • Denel Dynamics
  • Elbit Systems Ltd.
  • General Dynamics Corporatio
  • KBP Instrument Design Bureau
  • Lockheed Martin Corporation
  • MBDA
  • Rafael Advanced Defense Systems
  • ROKETSAN A.S.
  • Raytheon Company and Saab AB.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Anti Tank Missile Market

Fragmented - Highly competitive market without dominant players


The Anti-Tank Missile Market is advancing quickly as modernization efforts elevate precision effects and stand-off engagement. More than 50% of buying criteria now center on fire-and-forget capability and top-attack lethality, with upgraded seekers and all-weather performance strengthening mission reliability.

Operational Demand Drivers
Around 45% of demand is driven by calls for greater range, accuracy, and dense-terrain utility. Close to 40% of requirements emphasize fast target exchange and multi-engagement throughput to compress decision cycles. Specifications consistently favor high first-hit odds and controlled effects.

Technological Advancements
Approximately 35% of new systems employ AI-enabled discrimination and multi-sensor fusion. Roughly 30% add networked fire control for shared tracks and cueing, while over 25% integrate tougher countermeasure defenses and optional loitering profiles for complex scenarios.

Lifecycle, Training, and Sustainment
More than 40% of agreements include virtual training suites, digital twins, and predictive upkeep. About 38% mandate modularity to reduce lifecycle costs, and roughly 32% target lighter, more ergonomic launch gear to improve unit mobility and endurance.

Future Market Outlook
Outlook indicators point to growth above 29%, underpinned by network-centric targeting and interoperable mission systems. Over 52% of forward plans prioritize counter-countermeasure resilience, while 48% pursue mass-to-range optimization. Progress in propulsion, guidance, and battle-network cohesion will steer the market’s trajectory.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Platform
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Anti-Tank Missile Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Military Modernization Efforts
        2. Geopolitical Tensions
        3. Technological Advancements
        4. Asymmetric Warfare
        5. Export Opportunities
      2. Restraints
        1. Budget Constraints
        2. Strategic Arms Limitation
        3. Technological Complexity
        4. Countermeasures
        5. Environmental Factors
      3. Opportunities
        1. Integration with Unmanned Platforms
        2. Dual-Mode Seekers
        3. Counter-UAS Capabilities
        4. Network-Centric Warfare Integration
        5. Investment in R&D
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Anti Tank Missile Market, By Type, 2021 - 2031 (USD Million)
      1. Man-Portable
      2. Vehicle-Mounted
    2. Anti Tank Missile Market, By Platform, 2021 - 2031 (USD Million)
      1. Airborne
      2. Ground-Based
    3. Anti Tank Missile Market, By End User, 2021 - 2031 (USD Million)
      1. Military
      2. Commercial
    4. Anti-Tank Missile Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Denel Dynamics
      2. Elbit Systems Ltd.
      3. General Dynamics Corporation
      4. KBP Instrument Design Bureau
      5. Lockheed Martin Corporation
      6. MBDA
      7. Rafael Advanced Defense Systems
      8. ROKETSAN A.S.
      9. Raytheon Company
  7. Analyst Views
  8. Future Outlook of the Market