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By Type;
Anti-Aircraft Missiles, Anti-Tank Rifles and Recoilless Rifles & Rocket Propelled GrenadesBy Mode;
Light Anti-Tank Weapons, Medium Anti-Tank Weapons and Heavy Anti-Tank WeaponsBy Technology;
Guided Weapons and Unguided WeaponsBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Man-portable Anti-armor Weapons Market Overview
Man-portable Anti-armor Weapons Market (USD Million)
Man-portable Anti-armor Weapons Market was valued at USD 4,665.74 million in the year 2024. The size of this market is expected to increase to USD 6,742.25 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%,
Man-portable Anti-armor Weapons Market
*Market size in USD million
CAGR 5.4 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 5.4 % |
| Market Size (2024) | USD 4,665.74 Million |
| Market Size (2031) | USD 6,742.25 Million |
| Market Concentration | Medium |
| Report Pages | 391 |
Major Players
- Lockheed Martin Corporation
- Saab AB
- RTX Corporation
- General Dynamics Corporation
- MBDA
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Man-portable Anti-armor Weapons Market
Fragmented - Highly competitive market without dominant players
The Man-portable Anti-armor Weapons Market is experiencing robust growth driven by rising defense budgets and the increasing emphasis on infantry mobility. Demand for lightweight and high-penetration systems has grown by 23%, reflecting the need for adaptable weaponry in modern combat environments. The market is expanding with a strong focus on precision targeting, portability, and multi-target capabilities.
Technological Advancements
The market's evolution is shaped by continuous technological innovations, with over 31% of new products incorporating advanced guidance systems. These improvements have enhanced accuracy and effectiveness, enabling infantry units to tackle heavily armored threats more efficiently. Research and development investments have further accelerated the introduction of next-generation systems.
Operational Efficiency
The emphasis on rapid deployment and ease of use has resulted in a 27% increase in systems featuring lightweight materials and ergonomic designs. These attributes significantly reduce soldier fatigue and improve maneuverability. The growing adoption of multi-mode warheads supports versatile operations across various terrains and mission requirements.
Future Outlook
The market is projected to witness continued growth, with a 29% rise in next-generation solutions anticipated over the coming years. These solutions integrate AI-powered targeting systems and enhanced penetration capabilities. Emphasis on soldier survivability and system adaptability is expected to shape future advancements, consolidating the market’s expansion trajectory.
Man-portable Anti-armor Weapons Market Recent Developmemts
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In September 2024, Lockheed Martin won a 1.3 billion follow‑on contract to ramp up production of Javelin man‑portable anti‑tank missiles, marking the largest single‑year order to replenish U.S. stockpiles and support allies like Ukraine and Taiwan.
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In January 2024, MBDA and Saab AB formed a strategic partnership to enhance the Akeron MP missile system, focusing on beyond‑line‑of‑sight firing to boost next‑generation battlefield capabilities.
Man-portable Anti-armor Weapons Market Segment Analysis
In this report, the Man-portable Anti-armor Weapons Market has been segmented by Weapon Systems, Technology, Assembly Type, Application, and Geography.
Man-portable Anti-armor Weapons Market, Segmentation by Weapon Systems
The Man-portable Anti-armor Weapons Market has been segmented by Weapon Systems into Man Portable Air Defense Systems , Anti-Tank Guided Missiles, and Rocket-Propelled Grenade Launchers.
Man Portable Air Defense Systems
Man Portable Air Defense Systems account for approximately 36% of the Man-portable Anti-armor Weapons Market. These lightweight, shoulder-fired missile systems are designed to neutralize low-flying aircraft and unmanned aerial vehicles (UAVs). Rising threats from hostile air assets and the increasing deployment of portable air defense solutions across various military forces are driving this segment. Additionally, advancements in infrared homing technology and target tracking capabilities further enhance the effectiveness and demand for MANPADS.
Anti-Tank Guided Missiles
Anti-Tank Guided Missiles contribute about 44% to the Man-portable Anti-armor Weapons Market. These precision-guided missiles are primarily used to destroy armored vehicles, including main battle tanks and armored personnel carriers. The demand for ATGMs is being fueled by increasing investment in next-generation anti-armor technologies and the need for highly portable and lethal battlefield solutions. Moreover, advancements in fire-and-forget systems and top-attack capabilities are significantly enhancing the performance and adoption of modern ATGMs.
Rocket-Propelled Grenade Launchers
Rocket-Propelled Grenade Launchers hold approximately 20% share in the Man-portable Anti-armor Weapons Market. These versatile infantry weapons are widely used for short-range anti-armor and anti-personnel applications. Their relatively low cost, ease of use, and ability to engage both stationary and moving targets make them a staple in modern infantry operations. Ongoing enhancements in warhead technology and launcher design are further contributing to the sustained demand for rocket-propelled grenade launchers across armed forces.
Man-portable Anti-armor Weapons Market, Segmentation by Technology
The Man-portable Anti-armor Weapons Market has been segmented by Technology into Guided and Unguided.
Guided
Guided systems dominate the Man-portable Anti-armor Weapons Market, accounting for approximately 62% of the total demand. These systems utilize advanced target tracking, precision guidance, and fire-and-forget technologies to enhance accuracy and effectiveness against armored targets. The rising adoption of next-generation anti-tank guided missiles (ATGMs) and guided rocket systems by modern militaries is driving significant growth in this segment. Additionally, increasing investment in autonomous targeting and multi-mode seekers further boosts the capabilities and demand for guided man-portable weapons.
Unguided
Unguided systems represent about 38% of the Man-portable Anti-armor Weapons Market. These systems, including traditional rocket-propelled grenade (RPG) launchers and recoilless rifles, remain popular for their cost-effectiveness, ease of use, and tactical flexibility. They are widely employed by infantry units for close-range anti-armor and anti-structure missions. Continuous improvements in warhead design and launch mechanisms are helping maintain the relevance of unguided weapons in modern combat scenarios, especially in urban warfare and irregular conflicts.
Man-portable Anti-armor Weapons Market, Segmentation by Assembly Type
The Man-portable Anti-armor Weapons Market has been segmented by Assembly Type into Projectile and Launcher.
Projectile
The projectile segment accounts for approximately 57% of the Man-portable Anti-armor Weapons Market. This category includes a wide range of guided and unguided munitions such as anti-tank missiles, rockets, and grenades designed to defeat armored vehicles and fortifications. Growing advancements in warhead technology, penetration capability, and targeting accuracy are driving the demand for high-performance projectiles. Furthermore, the emphasis on developing multi-purpose munitions to enhance operational flexibility is contributing to this segment’s growth.
Launcher
The launcher segment represents about 43% of the Man-portable Anti-armor Weapons Market. Launchers, including shoulder-fired systems, tube-launched platforms, and recoilless rifles, are critical enablers for deploying advanced projectiles. Innovations in lightweight materials, ergonomic designs, and fire-control systems are enhancing the usability and combat effectiveness of modern launchers. The increasing demand for portable, easy-to-operate, and reusable launcher platforms is driving growth in this segment across global defense forces.
Man-portable Anti-armor Weapons Market, Segmentation by Application
The Man-portable Anti-armor Weapons Market has been segmented by Application into Homeland Security and Defense.
Homeland Security
The homeland security segment holds about 28% of the Man-portable Anti-armor Weapons Market. These weapons are increasingly deployed by law enforcement agencies, border security forces, and special operations units to counter threats from heavily armed adversaries and light armored vehicles. The growing need for enhanced urban warfare capabilities and counter-terrorism operations is fueling demand. Moreover, advancements in portable weapon systems and rising investments in homeland defense modernization programs are driving this segment’s growth.
Defense
The defense segment dominates the market with a share of approximately 72% in the Man-portable Anti-armor Weapons Market. These weapons are vital for infantry units engaged in anti-armor, anti-personnel, and fortification assault missions. Increasing investments in next-generation man-portable weaponry and rising demand for lightweight, highly lethal systems are driving growth. Additionally, ongoing modernization of armed forces and the shift towards network-centric warfare continue to bolster demand for advanced man-portable anti-armor weapons in the defense sector.
Man-portable Anti-armor Weapons Market, Segmentation by Geography
In this report, the Man-portable Anti-armor Weapons Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Man-portable Anti-armor Weapons Market Share (%), by Geographical Region
North America
North America leads the Man-portable Anti-armor Weapons Market, accounting for approximately 37% of the total share. The region’s strong demand is driven by significant investments in military modernization and the widespread adoption of next-generation anti-armor systems. The presence of major defense contractors and ongoing procurement programs by the U.S. Department of Defense further enhance market growth. Increasing focus on advanced lightweight weapon systems continues to drive innovation across North America.
Europe
Europe holds about 26% of the Man-portable Anti-armor Weapons Market. The region is witnessing heightened demand due to rising geopolitical tensions and increased defense spending among key nations such as Germany, France, and the United Kingdom. Modernization of infantry weapon systems and growing emphasis on NATO defense readiness are further fueling market expansion. Additionally, collaborative European defense programs are contributing to the development of cutting-edge man-portable anti-armor technologies.
Asia Pacific
Asia Pacific contributes approximately 21% to the Man-portable Anti-armor Weapons Market. Rapid military modernization across countries such as China, India, and South Korea is a key driver. The region’s focus on strengthening infantry combat capabilities and improving border security is fostering demand for advanced man-portable anti-armor weapons. Furthermore, increasing investments in indigenous defense manufacturing and growing defense budgets continue to bolster market growth across Asia Pacific.
Middle East and Africa
The Middle East and Africa region holds about 10% of the Man-portable Anti-armor Weapons Market. Rising regional conflicts and the need for asymmetric warfare capabilities are driving demand for these weapons. Nations across the region are investing in portable anti-armor solutions to enhance the effectiveness of their ground forces. Additionally, procurement of modern infantry weapons and the emergence of regional defense partnerships are supporting market growth in this segment.
Latin America
Latin America contributes around 6% to the Man-portable Anti-armor Weapons Market. Demand in this region is primarily driven by efforts to strengthen border security and support counter-insurgency operations. Countries such as Brazil and Colombia are investing in modern infantry weapon systems to enhance operational effectiveness. Moreover, growing collaboration with international defense suppliers and the modernization of military forces are contributing to the steady growth of this market segment in Latin America.
Man-portable Anti-armor Weapons Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Man-portable Anti-armor Weapons Systems Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
- Focus on Infantry Mobility
- Threat of Armored Vehicles and Tanks
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Training and Simulation Needs - A direct result of increasingly complex defense technologies and evolving battlefield dynamics. As militaries adopt advanced systems such as autonomous platforms, AI-enabled targeting, and cyber warfare tools, personnel require frequent and immersive training to maintain operational readiness. Traditional training approaches are no longer sufficient, pushing defense agencies to invest in virtual reality (VR), augmented reality (AR), and synthetic training environments.
Simulation technologies allow armed forces to conduct cost-effective, safe, and scalable training exercises without the risks and expenses associated with live fire drills or field deployments. These solutions provide real-time feedback, situational awareness enhancement, and decision-making skill development, ensuring troops are prepared for a wide range of mission scenarios. With the increasing emphasis on joint-force and multi-domain operations, simulation platforms are now being designed for cross-service interoperability.
Defense modernization programs in countries like the U.S., India, and the U.K. have prioritized investments in next-generation training simulators for infantry, armored units, pilots, and naval personnel. These systems replicate real-world conditions, including environmental stressors and combat variables, offering a comprehensive learning and adaptation platform. The integration of artificial intelligence and data analytics also allows for performance tracking and personalized training paths.
With conflict zones becoming more technologically advanced and less predictable, the demand for sophisticated simulation solutions will continue to grow. Companies that provide realistic, modular, and network-integrated training ecosystems are well-positioned to support military readiness and mission success in future warfare environments.
Restraints:
- International Conflicts and Agreements
- Shift Towards Unmanned Systems
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Risk of Collateral Damage - The persistent risk of collateral damage remains a major concern in modern military operations, especially in urban and asymmetrical warfare environments. With enemies embedded in civilian zones, it becomes increasingly difficult to distinguish combatants from non-combatants. This raises ethical, legal, and strategic implications for military forces, compelling them to adopt precision-guided munitions and strict engagement protocols to avoid unintended casualties and infrastructure loss.
Unintended damage not only affects local populations but can also result in diplomatic backlash, reputational harm, and mission failure. As a result, militaries are investing in technologies such as real-time surveillance, facial recognition, and geofencing systems to enhance target verification and situational awareness. These measures aim to minimize error margins and ensure that strikes are targeted, justifiable, and legally compliant.
International organizations and defense ministries are also increasing pressure on armed forces to comply with international humanitarian law and rules of armed conflict. There is a growing trend toward developing non-lethal weapons, low-collateral munitions, and AI-enabled targeting algorithms that improve strike precision while reducing civilian impact. These innovations support both military effectiveness and moral responsibility.
As public scrutiny and legal accountability rise, managing the risks associated with collateral damage has become a strategic imperative. Defense contractors that provide smart targeting systems, collateral assessment software, and mission validation tools will play a crucial role in enabling ethically sound and technically advanced military operations.
Opportunities:
- Increasing Defense Budgets
- Focus on Urban Warfare
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Rising Security Concerns - Rising security concerns driven by terrorism, cross-border conflicts, cyberattacks, and internal unrest are propelling investments in defense and surveillance technologies. Governments are prioritizing enhanced intelligence gathering, infrastructure protection, and rapid threat response to safeguard national interests. These concerns have resulted in a growing demand for early-warning systems, integrated command centers, and autonomous monitoring platforms that can detect and respond to threats in real time.
Urban centers, critical infrastructure, and national borders are increasingly vulnerable to asymmetric threats, requiring a blend of physical security solutions and cyber defense measures. Military and law enforcement agencies are turning to technologies like unmanned aerial systems, AI-based threat analytics, and facial recognition to preempt attacks and maintain situational control. This has expanded the defense tech market far beyond traditional battlefield applications.
Rising geopolitical instability is also leading to increased defense cooperation among nations. Intelligence sharing agreements, joint training programs, and multinational security exercises are becoming more common, creating opportunities for companies offering interoperable and scalable threat management solutions. These dynamics are reinforcing the need for continuous investment in surveillance, threat detection, and resilience-building technologies.
As threats evolve and become more sophisticated, public and private sector collaboration will be critical. Firms that offer real-time, predictive, and integrated security technologies will be at the forefront of safeguarding national and regional security interests in the coming decade.
Man-portable Anti-armor Weapons Market Competitive Landscape Analysis
Man-portable Anti-armor Weapons Market is defined by intense competition among defense prime contractors, specialized manufacturers, and system integrators, with over 50% of activities concentrated among leading firms. Strategic collaboration, targeted partnerships, and selective merger moves guide market growth, while product innovation and lifecycle support drive procurement and deployment decisions.
Market Structure and Concentration
The market shows moderate concentration, with nearly 55% controlled by established suppliers employing scale-driven strategies. Niche manufacturers capture specialized segments through service-led offerings. This structure balances procurement scale with supplier-led innovation, enabling steady growth while encouraging adoption of advanced technological advancements in portability, lethality mitigation, and survivability enhancements.
Brand and Channel Strategies
Strong brandstrategies account for close to 60% of tender success, supported by OEM-direct contracts, authorized dealers, and prime integrator networks. Digital procurement and lifecycle services contribute to expansion. Strategic partnerships with logistics and training providers reinforce operator readiness and long-term market growth.
Innovation Drivers and Technological Advancements
More than over 40% of competitive differentiation stems from innovation in guidance, warhead design, and sensor fusion. Investments in advanced materials and miniaturized electronics accelerate performance. Strategic collaboration with research labs and defense agencies drives rapid iteration of technological advancements, sustaining product relevance and fueling steady growth in capability-led segments.
Regional Momentum and Expansion
Regional procurement patterns show nearly 35% uptake in regions prioritizing modernization and force mobility. North America and allied markets sustain major demand through structured acquisition strategies. Regional partnerships and localized manufacturing support expansion, while export-controlled transfers and allied interoperability programs further contribute to sustained market growth.
Future Outlook
The future outlook indicates continued growth, with digital integration and modular systems shaping nearly 65% of development priorities. Strategic merger activity and collaborative strategies will enhance scale and supply resilience. Ongoing innovation and investment in advanced materials and networking capabilities will accelerate expansion and strengthen vendor positioning across procurement cycles.
Key players in Man-portable Anti-armor Weapons Market include:
- Lockheed Martin
- Raytheon Technologies
- MBDA
- Saab
- Rafael Advanced Defense Systems
- BAE Systems
- FN Herstal
- Nammo
- Roketsan
- Bharat Dynamics Limited
- China Ordnance Industries Group
- KBP Instrument Design Bureau
- Denel
- MKE Kurumu
- Thales Group
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Mode
- Market Snapshot, By Technology
- Market Snapshot, By Region
- Man-portable Anti-armor Weapons Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Focus on Infantry Mobility
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Threat of Armored Vehicles and Tanks
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Training and Simulation Needs
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- Restraints
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International Conflicts and Agreements
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Shift Towards Unmanned Systems
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Risk of Collateral Damage
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- Opportunities
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Increasing Defense Budgets
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Focus on Urban Warfare
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Rising Security Concerns
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Man-portable Anti-armor Weapons Market, By Type, 2021 - 2031 (USD Million)
- Anti-Aircraft Missiles
- Anti-Tank Rifles
- Recoilless Rifles & Rocket Propelled Grenades
- Man-portable Anti-armor Weapons Market, By Mode, 2021 - 2031 (USD Million)
- Light Anti-Tank Weapons
- Medium Anti-Tank Weapons
- Heavy Anti-Tank Weapons
- Man-portable Anti-armor Weapons Market, By Technology, 2021 - 2031 (USD Million)
- Guided Weapons
- Unguided Weapons
- Man-portable Anti-armor Weapons Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Man-portable Anti-armor Weapons Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Lockheed Martin
- Raytheon Technologies
- MBDA
- Saab
- Rafael Advanced Defense Systems
- BAE Systems
- FN Herstal
- Nammo
- Roketsan
- Bharat Dynamics Limited
- China Ordnance Industries Group
- KBP Instrument Design Bureau
- Denel
- MKE Kurumu
- Thales Group
- Company Profiles
- Analyst Views
- Future Outlook of the Market