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Published Date: 2017-06-12Number of Pages: 122

Man-portable Anti-armor Weapons Market (Type - Anti-aircraft Missiles, Rocket Propelled Grenades, Anti-tank Rifles, and Recoilless Rifles; Technology - Guided Weapons and Unguided Weapons) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Man-portable Anti-armor Weapons Market: Snapshot

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.

man portable anti armor weapons market

 

Recoilless Rifles to Emerge as Segment with Most Promising Growth Prospects

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.

Market to Witness Most Promising Growth Opportunities in Asia Pacific

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).

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 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

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

Global Man-portable Anti-armor Weapons Market: Overview

The rapid escalation in the defense budgets across the globe and the need to strengthen the respective armed forces, the defense forces are investing huge amounts in the research and development of latest and robust ammunitions and weaponries. This factor has led the defense contractors to innovate and develop new lightweight, guided and unguided, man-portable anti-armor weapons as well as upgrade the existing weapons. These weapons are used against heavily armored weaponries such as main battle tanks, aircrafts and armored vehicles, sometimes against incoming missiles too. The anti-armor weapons are highly effective in destroying the intended targets, moving as well as static targets.

Global Man-portable Anti-armor Weapons Market: Drivers and Restraints

The major factor boosting the market for man-portable anti-armor weapons is the extensive research and development in the defense industry across the world. In recent times, the defense budgets across the globe has increased significantly, which has led the defense forces in the developed countries and developing countries to invest heavily in the research and development of the modern lightweight anti-armor weapons. In addition, the demand for lightweight, highly effective weapons is also increasing among the armed forces as they can be easily transported by a soldier or a group of soldiers to any particular place to target the enemy armored vehicles or tanks. The demand for lightweight anti-armor weapons among the global defense forces is expected to bolster the man-portable anti-armor weapons market.

The market for man-portable anti-armor weapons is poised to grow over the period due to various reasons, however is affected by the malfunction of the launchers. The malfunction of the launchers causes disruptions in the flight of the projectiles which hampers the flight. This is a major concern for the manufacturers as well as the infantries across the globe. The risk of malfunction of the launchers is limiting the defense forces to adopt the man-portable anti-armor weapons which in turn is inhibiting the market to grow over the years.

Global Man-portable Anti-armor Weapons Market: Segmentation

The report on man-portable anti-armor weapons market segments the market on basis of types, technology and geography. The various types of man-portable anti-armor weapons widely used by the defense forces across the globe are anti-aircraft missiles, rocket propelled grenades, anti-tank missiles, and recoilless rifles. The rocket propelled grenades contributed the maximum market share in 2016, due to their enhanced capability to destroy the enemy main battle tanks, and aircrafts. This capability of rocket propelled grenades have increased the demand for anti-armor weapons among the defense forces across the globe which in turn led the segment to dominate the market in 2016. The fastest growing type segment is estimated to be the recoilless rifles, growing at a significant CAGR during the forecast period from 2017 to 2025.

The recoilless rifles are heavily used by the armed forces against any armored vehicles, tanks and low flying aircrafts. The projectiles fired from recoilless rifles travels at a faster speed than any other anti-armor weapons. Moreover, the recoilless rifles are lightweight and are highly effective against any armored tanks, and armored vehicles. The lightweight armor piercing weapons is being heavily adopted by the military forces across the globe in order to strengthen their armed forces.

Global Man-portable Anti-armor Weapons Market: Geographical and Competitive Dynamics

Geographically, the market for man-portable anti-armor weapons is fragmented into five strategic regions globally as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America dominated the market for man-portable anti-armor weapons market in 2016 with an excellent market share which is estimated to witness a slow downfall over the years from 2017 to 2025. Asia Pacific is predicted to be the fastest growing region during the forecast period from 2017 to 2025. Europe, Middle East and Africa and Latin America are predicted to grow over the period from 2017 to 2025 at a substantial rate.

The top ten major player operating in the market for man-portable anti-armor weapons has been profiled in this report according to the strategic five regions globally. The report includes players such as Lockheed Martin Corporation, Bharat Dynamics Limited, MBDA Missile Systems, Raytheon Company, Thales Group, General Dynamics Corporation, BAE Systems Plc., Saab AB, Nammo AS, and KONSTRUKTORSKOYE BYURO MASHYNOSTROYENIYA. The company descriptions includes, SWOT analysis, financial, business overview and strategies adopted in order to sustain in the industry.

The segments covered in the man-portable anti-armor weapons market are as follows:

Global Man-portable Anti-armor Weapons Market, 2017-2025: By Types

  • Anti-aircraft Missiles
  • Rocket Propelled Grenades
  • Anti-tank Rifles
  • Recoilless Rifle

Global man-portable anti-armor weapons Market, 2017-2025: By Technology

  • Guided Weapons
  • Unguided Weapons

Global man-portable anti-armor weapons Market, 2016-2024: By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K
    • Germany
    • Russia
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Rest of Latin America


 
 
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