The shoulder-fired or ground-fired weaponries that can be carried by a single soldier and are used to destroy any armored tanks, aircrafts, vehicles, and incoming missiles are known as man-portable anti-armor weapons. These weaponries, of the guided as well as the unguided variety, are highly effective against intended targets. Man-portable anti-armor weapons are typically single-shot weapons while some technologically advanced modern varieties are also multi-shot weapons.
The demand for man-portable anti-armor weapons has increased at a steady pace in the past few years, owing chiefly to a vast rise in defense budgets of developed as well as developing economies. The rising demand for lightweight anti-armor weapons is encouraging vast developments in the areas of weapon design and technology. This trend is expected to remain one of the key forces guiding the scope of development of the global man-portable anti-armor weapons market in the near future.
Transparency Market Research estimates that the global man-portable anti-armor weapons market, which in terms of revenue was valued at US$3.64 bn in 2016, is expected to reach US$6.38 bn by 2025, exhibiting a CAGR of 6.5% from 2017 to 2025.
On the basis of type, the global man-portable anti-armor weapons market has been segmented in the report into anti-aircraft missiles, rocket propelled grenades, anti-tank rifles, and recoilless rifles. Of these, the segment of rocket propelled grenades contributed the dominant share in revenue to the global market in 2016. Guided rocket propelled grenades are highly effective in destroying targets such as enemy main battle tanks, armored vehicles, and aircrafts at short and long ranges with high precision and are expected to witness strong growth over the report’s forecast period as well.
However, the segment of recoilless rifles, which held third-largest share in 2016, is expected to emerge as the most promising segment in terms of incremental growth opportunity over the forecast period. The demand for recoilless rifles is expected to benefit from their increasing usage among the defense forces as the projectiles fired from these rifles travel at a faster rate than most other man-portable anti-armor weapons. The demand for anti-tank rifle was comparatively less among the military forces in 2016, however, the demand is estimated to grow at a steady pace over the period from 2017 to 2025.
On the basis of geography, the global man-portable anti-armor weapons market has been segmented in the report as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, the market in North America contributed the dominant share of revenue in 2016 due to immense research and development activities undertaken in the field of lightweight anti-armor weapons.
Although the North America market will continue to hold a massive share in the global market over the forecast period, the market in Asia Pacific is expected to register the most promising growth rate. This is attributed to the fact that emerging economies such as China and India are investing vast sums in designing and developing new technologically enhanced lightweight anti-armor weapons, while South Korea and other countries in rest of Asia Pacific are regularly procuring these man-portable anti-armor weapons.
Some of the leading companies actively participating in the global market for man-portable anti-armor weapons market are Lockheed Martin Corporation (U.S), Bharat Dynamics Limited (India), General Dynamics Corporation (U.S), Saab AB (Sweden), Raytheon Company (U.S), Thales Group (France), BAE Systems PLC (U.K), MBDA Missiles Systems (Germany), KONSTRUKTORSKOYE BYURO MASHYNOSTROYENIYA (Russia), and Nammo AS (Norway).
Increasing Demand for Lightweight Weapons will Boost Man Portable Anti-armor Weapons Market Growth
The advent of small and medium sized enterprises for various businesses and the increasing demand for lightweight anti-armor weapons is likely to aid in expansion of the global man portable anti-armor weapons market. The shoulder-shot or ground-discharged weaponries that can be conveyed by a solitary trooper and are utilized to pulverize any protected tanks, airplanes, vehicles, and approaching rockets are known as man-versatile enemy of covering weapons. These weaponries, of the guided just as the unguided assortment, are profoundly successful against proposed targets. Man-convenient enemy of reinforcement weapons are regularly single-shot weapons while some mechanically progressed current assortments are likewise multi-shot weapons.
Based on categorization by type, the rocket propelled grenades segment earned the highest share in the global man portable anti-armor weapons market. This is owing to their highly effective nature that destroys large and powerful targets such as armored vehicles, aircrafts, and war tanks, among other long and short range weapons.
The interest for man-convenient enemy of reinforcement weapons has expanded at a consistent speed in the previous few years, owing primarily to an immense ascent in guard financial plans of created just as creating economies. The rising interest for lightweight enemy of shield weapons is empowering huge advancements in the regions of weapon plan and innovation. This pattern is required to stay one of the key powers directing the extent of improvement of the worldwide man-compact enemy of shield weapons market soon.
Regionwise, the global market for portable anti-armor weapons market is dominated by North America and is likely to continue the same in the future as well. This is attributable to the major investments on designing and development of technologically advanced and lightweight anti-armor weapons received from the emerging economies such as China and India.
The segments covered in the man-portable anti-armor weapons market are as follows:
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Section 1 Preface
1.1 Report Scope and Market Segmentation
1.2 Research Highlights
Section 2 Research Methodology
2.1 Research Methodology (1/3)
2.2 Research Methodology (2/3)
2.3 Research Methodology (3/3)
Section 3 Executive Summary
3.1 Executive Summary (1/3)
3.2 Executive Summary (2/3)
3.3 Executive Summary (3/3)
Section 4 Market Overview
4.1 Product Overview
Section 5 Market Dynamics
5.1 Drivers and Restraints Snapshot Analysis
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Market Attractiveness
5.6 Man-Portable Anti-Armor Weapons Market Share Analysis, By Company (2016)
5.7 Competitive Strategies
5.8 Man-Portable Anti-Armor Weapons Market Outlook
Section 6 Man-Portable Anti-Armor Weapons Market Analysis By Types
6.1 Introduction
6.2 Global Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Types
6.3 Global Man-Portable Anti-Armor Weapons Market Forecast, By Types
6.4 Global Man-Portable Anti-Armor Weapons Market Analysis, By Types
Section 7 Global Man-Portable Anti-Armor Weapons Market Analysis By Technology
7.1 Introduction
7.2 Global Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Technology
7.3 Global Man-Portable Anti-Armor Weapons Market Forecast, By Technology
7.4 Global Man-Portable Anti-Armor Weapons Market Analysis By Technology
Section 8 Global Man-Portable Anti-Armor Weapons Market Analysis By Region
8.1 Global Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Region
8.2 Global Man-Portable Anti-Armor Weapons Market Forecast, By Region
Section 9 North America Man-Portable Anti-Armor Weapons Market Analysis
9.1 North America Man-Portable Anti-Armor Weapons Market Overview
9.2 North America Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Types
9.3 North America Man-Portable Anti-Armor Weapons Market Forecast By Types
9.4 North America Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Technology
9.5 North America Man-Portable Anti-Armor Weapons Market Forecast By Technology
9.6 North America Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Country
9.7 North America Man-Portable Anti-Armor Weapons Market Forecast By Country
9.8 North America Man-Portable Anti-Armor Weapons Market Analysis By Country
Section 10 Europe Man-Portable Anti-Armor Weapons Market Analysis
10.1 Europe Man-Portable Anti-Armor Weapons Market Overview
10.2 Europe Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Types
10.3 Europe Man-Portable Anti-Armor Weapons Market Forecast By Types
10.4 Europe Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Technology
10.5 Europe Man-Portable Anti-Armor Weapons Market Forecast By Technology
10.6 Europe Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Country
10.7 Europe Man-Portable Anti-Armor Weapons Market Forecast By Country
10.8 Europe Man-Portable Anti-Armor Weapons Market Analysis By Country
Section 11 Asia Pacific (APAC) Man-Portable Anti-Armor Weapons Market Analysis
11.1 Asia Pacific (APAC) Man-Portable Anti-Armor Weapons Market Overview
11.2 Asia Pacific (APAC) Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Types
11.3 Asia Pacific (APAC) Man-Portable Anti-Armor Weapons Market Forecast By Types
11.4 Asia Pacific (APAC) Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Technology
11.5 Asia Pacific (APAC) Man-Portable Anti-Armor Weapons Market Forecast By Technology
11.6 Asia Pacific (APAC) Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Country
11.7 Asia Pacific (APAC) Man-Portable Anti-Armor Weapons Market Forecast By Country
11.8 Asia Pacific (APAC) Man-Portable Anti-Armor Weapons Market Analysis By Country
Section 12 Middle East and Africa (MEA) Man-Portable Anti-Armor Weapons Market Analysis
12.1 Middle East and Africa (MEA) Man-Portable Anti-Armor Weapons Market Overview
12.2 Middle East and Africa (MEA) Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Types
12.3 Middle East and Africa (MEA) Man-Portable Anti-Armor Weapons Market Forecast By Types
12.4 Middle East and Africa (MEA) Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Technology
12.5 Middle East and Africa (MEA) Man-Portable Anti-Armor Weapons Market Forecast By Technology
12.6 Middle East and Africa (MEA) Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Country
12.7 Middle East and Africa (MEA) Man-Portable Anti-Armor Weapons Market Forecast By Country
12.8 Middle East and Africa (MEA) Man-Portable Anti-Armor Weapons Market Analysis By Country
Section 13 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Analysis
13.1 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Overview
13.2 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Types
13.3 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Forecast By Types
13.4 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Technology
13.5 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Forecast By Technology
13.6 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Value Share Analysis, By Country
13.7 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Forecast By Country
13.8 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Analysis By Country
Section 14 Company Profiles
14.1 Lockheed Martin Corporation
14.1.1 Company Details
14.1.2 Business Overview
14.1.3 SWOT Analysis
14.1.4 Regional Presence
14.1.5 Financials
14.1.6 Strategy
14.2 Raytheon Company
14.2.1 Company Details
14.2.2 Business Overview
14.2.3 SWOT Analysis
14.2.4 Regional Presence
14.2.5 Financials
14.2.6 Strategy
14.3 Bharat Dynamics Limited
14.3.1 Company Details
14.3.2 Business Overview
14.3.3 SWOT Analysis
14.3.4 Regional Presence
14.3.5 Financials
14.3.6 Strategy
14.4 General Dynamics Corporation
14.4.1 Company Details
14.4.2 Business Overview
14.4.3 SWOT Analysis
14.4.4 Regional Presence
14.4.5 Financials
14.4.6 Strategy
14.5 BAE Systems PLC
14.5.1 Company Details
14.5.2 Business Overview
14.5.3 SWOT Analysis
14.5.4 Regional Presence
14.5.5 Financials
14.5.6 Strategy
14.6 SAAB AB
14.6.1 Company Details
14.6.2 Business Overview
14.6.3 SWOT Analysis
14.6.4 Regional Presence
14.6.5 Financials
14.6.6 Strategy
14.7 Thales Group
14.7.1 Company Details
14.7.2 Business Overview
14.7.3 SWOT Analysis
14.7.4 Regional Presence
14.7.5 Financials
14.7.6 Strategy
14.8 MBDA Missile Systems
14.8.1 Company Details
14.8.2 Business Overview
14.8.3 SWOT Analysis
14.8.4 Regional Presence
14.8.5 Financials
14.8.6 Strategy
14.9 KONSTRUKTORSKOYE BYURO MASHYNOSTROYENIYA
14.9.1 Company Details
14.9.2 Business Overview
14.9.3 SWOT Analysis
14.9.4 Regional Presence
14.9.5 Financials
14.9.6 Strategy
14.10 Nammo AS
14.10.1 Company Details
14.10.2 Business Overview
14.10.3 SWOT Analysis
14.10.4 Regional Presence
14.10.5 Financials
14.10.6 Strategy
List of Tables
Table 1 Global Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Types, 2016–2025
Table 2 Global Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Technology, 2016–2025
Table 3 Global Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Region, 2016–2025
Table 4 North America Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Types, 2016-2025
Table 5 North America Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Technology, 2016-2025
Table 6 North America Man-Portable Anti-Armor Weapons Market Size (US$ Mn) Forecast, By Country, 2016–2025
Table 7 Europe Man-Portable Anti-Armor Weapons Market Size (US$ Bn), By Types, 2016-2025
Table 8 Europe Man-Portable Anti-Armor Weapons Market Size (US$ Bn), By Technology, 2016-2025
Table 9 Europe Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Table 10 APAC Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Types, 2016-2025
Table 11 APAC Man-Portable Anti-Armor Weapons Market Size (US$ Mn) Forecast, By Technology, 2016-2025
Table 12 APAC Man-Portable Anti-Armor Weapons Market Size (US$ Mn) Forecast, By Country, 2016-2025
Table 13 MEA Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Types, 2016-2025
Table 14 MEA Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Technology, 2016-2025
Table 15 MEA Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Table 16 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Types, 2016-2025
Table 17 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Technology, 2016-2025
Table 18 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
List of Figures
Figure 1 Report Scope and Market Segmentation
Figure 2 Man-Portable Anti-Armor Weapons Market Attractiveness by Types
Figure 3 Global Man-Portable Anti-Armor Weapons Market Share Analysis, By Company (2016)
Figure 4 Man-Portable Anti-Armor Weapons Market Value Share By Type (2016)
Figure 5 Man-Portable Anti-Armor Weapons Market Value Share By Technology (2016)
Figure 6 Man-Portable Anti-Armor Weapons Market Value Share By Region (2016)
Figure 7 Global Man-Portable Anti-Armor Weapons Market Value Share Analysis By Types, 2016 and 2025
Figure 8 Anti-Aircraft Missiles Market Analysis (US$ Bn) (2016-2025)
Figure 9 Rocket Propelled Grenades Market Analysis (US$ Bn) (2016-2025)
Figure 10 Anti-Tank Rifle Market Analysis (US$ Bn) (2016-2025)
Figure 11 Recoilless Rifle Market Analysis (US$ Bn) (2016-2025)
Figure 12 Global Man-Portable Anti-Armor Weapons Market Value Share Analysis By Technology, 2016 and 2025
Figure 13 Guided Weapons Market Analysis (2016-2025)
Figure 14 Unguided Weapons Market Analysis (2016-2025)
Figure 15 Global Man-Portable Anti-Armor Weapons Market Value Share Analysis By Region, 2016 and 2025
Figure 16 North America Man-Portable Anti-Armor Weapons Market Size (US$ Bn), 2016-2025
Figure 17 North America Market Value Share Analysis By Types, 2016-2025
Figure 18 North America Market Value Share Analysis By Technology, 2016 and 2025
Figure 19 North America Market Value Share Analysis By Country, 2016 and 2025
Figure 20 U.S. Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, 2016-2025
Figure 21 Canada Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, 2016-2025
Figure 22 Mexico Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, 2016-2025
Figure 23 Europe Man-Portable Anti-Armor Weapons Market Size (US$ Bn), 2016-2025
Figure 24 Europe Market Value Share Analysis By Types, 2016 and 2025
Figure 25 Europe Market Value Share Analysis By Technology, 2016 and 2025
Figure 26 Europe Market Value Share Analysis By Country, 2016 and 2025
Figure 27 UK Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Figure 28 Germany Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Figure 29 Russia Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Figure 30 France Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Figure 31 Rest of Europe Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Figure 32 Asia Pacific (APAC) Man-Portable Anti-Armor Weapons Market Size (US$ Bn) 2016-2025
Figure 33 Asia Pacific (APAC) Market Value Share Analysis By Types, 2016 and 2025
Figure 34 Asia Pacific (APAC) Market Value Share Analysis By Technology, 2016 and 2025
Figure 35 Asia Pacific (APAC) Market Value Share Analysis By Country, 2016 and 2025
Figure 36 China Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Figure 37 India Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Figure 38 South Korea Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Figure 39 Rest of APAC Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Figure 40 Middle East and Africa (MEA) Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, 2016-2025
Figure 41 Middle East and Africa (MEA) Market Value Share Analysis, By Types, 2016 and 2025
Figure 42 Middle East and Africa (MEA) Market Value Share Analysis By Technology, 2016 and 2025
Figure 43 Middle East and Africa (MEA) Market Value Share Analysis By Country, 2016 and 2025
Figure 44 Saudi Arabia Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Figure 45 Israel Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Figure 46 Rest of MEA Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, By Country, 2016-2025
Figure 47 Latin America (LATAM) Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, 2016-2025
Figure 48 Latin America (LATAM) Market Value Share Analysis By Types, 2016 and 2025
Figure 49 Latin America (LATAM) Market Value Share Analysis By Technology, 2016 and 2025
Figure 50 Latin America (LATAM) Market Value Share Analysis By Country, 2016 and 2025
Figure 51 Brazil Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, 2016-2025
Figure 52 Rest of LATAM Man-Portable Anti-Armor Weapons Market Size (US$ Bn) Forecast, 2016-2025
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Man-portable Anti-armor Weapons Market Growth, Forecast 2025
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