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Man-Portable Anti-Armor Weapons Market Size, Value And Growth Trajectory Through 2030
The man-portable anti-armor weapons market has experienced robust growth recently. This market is projected to expand from $6.24 billion in 2025 to $6.58 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 5.5%. Historically, this expansion has been driven by several factors, including the increasing use of shoulder-launched anti-tank weapons in both asymmetric and conventional conflicts. Other contributing factors involve the greater acquisition of lightweight and portable systems that boost troop mobility, the expansion of modernization initiatives aimed at replacing outdated anti-armor weapon stockpiles, technological progress in guidance and propulsion that enhances precision and reach, and a growing need for multi-target capabilities to effectively counter both static and dynamic armored threats.
The man-portable anti-armor weapons market size is anticipated to experience substantial growth in the upcoming years. It is projected to expand to $8.13 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.4%. This expansion during the forecast period can be attributed to increasing investment in next-generation anti-armor systems featuring advanced seeker and targeting technologies, the growing development of modular and reusable launch platforms for enhanced operational flexibility, the broadening of infantry modernization initiatives driving the procurement of portable high-performance weapons, the rising integration of network-enabled targeting for improved battlefield coordination, and the creation of lighter, higher-penetration warheads to counter evolving armored vehicle defenses. Major trends expected during this period include enhanced anti-armor warhead technology, lightweight and portable weapon designs, improved target acquisition systems, extended operational range and accuracy, and advanced training and simulation for troops.
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Man-Portable Anti-Armor Weapons Market Growth Backed By Core Demand Fundamentals
Anticipated increases in defense budgets are projected to propel the expansion of the man-portable anti-armor weapons market. A defense budget represents the segment of the federal budget allocated to defense, covering costs for personnel, training, and medical services, in addition to the maintenance and procurement of weaponry and equipment. Growth in defense budgets facilitates the adoption of costly but essential missile defense system technologies. For example, in April 2024, a report from the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute, indicated that global military spending reached $2.443 trillion in 2023, marking a 6.8% increase in real terms compared to 2022. Consequently, rising defense budgets are driving the growth of the man-portable anti-armor weapons market.
Man-Portable Anti-Armor Weapons Market Segment Landscape And Growth Outlook
The man-portable anti-armor weapons market covered in this report is segmented –
1) By Type: Anti-Aircraft Missiles, Rocket Propelled Grenades, Anti-Tank Rifles, Recoilless Rifle
2) By Technology: Guided Weapons, Unguided Weapons
3) By Application: Homeland Security, Defense
Subsegments:
1) By Anti-Aircraft Missiles: Short-Range Air Defense Missiles, Man-Portable Air Defense Systems (MANPADS)
2) By Rocket Propelled Grenades (RPGs): Single-Use RPGs, Multi-Use RPGs
3) By Anti-Tank Rifles: Traditional Anti-Tank Rifles, Modern Anti-Material Rifles
4) By Recoilless Rifles: Lightweight Recoilless Rifles, Heavyweight Recoilless Rifles
Man-Portable Anti-Armor Weapons Market Growth Trends Reshaping The Competitive Landscape
Major companies operating in the man-portable anti-armor weapons market are focused on introducing new products, such as portable missile systems, to strengthen their market position. A portable missile system, also known as a man-portable air-defense weapon, is utilized by individuals or small teams to target aircraft, helicopters, or ground vehicles. Its high mobility and quick deployment contribute to its effectiveness in various combat scenarios. For instance, in August 2024, the Defence Research and Development Organization, an India-based military research and development agency, announced the successful completion of test-firing the indigenously-built Man-Portable Anti-Tank Guided Missile (MP-ATGM). The system itself weighs 14.5 kg, with an additional 14.25 kg for the command launch unit (CLU), rendering it highly portable. It is equipped with a HEAT warhead for destroying tanks and armored vehicles, offering an operational range of 200 meters to 4 kilometers. The missile features an advanced IIR sensor and avionics for precise top-attack targeting. Its cylindrical design measures 130 cm in length and 12 cm in diameter, and it is launched from a collapsible tripod and tube.
Man-Portable Anti-Armor Weapons Market Competitive Landscape: Who Leads The Industry?
Major companies operating in the man-portable anti-armor weapons market are Lockheed Martin Corporation, Bharat Dynamics Limited, General Dynamics Corporation, Saab AB, Raytheon Company, Thales Group, BAE Systems plc, MBDA Holdings SAS, Konstruktorskoye Byuro Mashynostroyeniya (KBM), Nammo AS, Rostec State Corporation, Elbit Systems Ltd., Rafael Advanced Defense Systems Ltd., Denel Dynamics, Northrop Grumman, HDT Global Inc., FLIR Systems Inc., Argon Electronics Ltd., Chemring Group plc, Rheinmetall AG, Jadara Equipment & Defence Systems, Roketsan Roket Sanayii ve Ticaret A.S., Luch Design Bureau
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Man-Portable Anti-Armor Weapons Market Regional Outlook: Where Is Opportunity Concentrated?
North America was the largest region in the man-portable anti-armor weapons market in 2025. Asia-Pacific is expected to be the fastest-growing region in the man-portable anti-armor weapons market report during the forecast period. The regions covered in the man-portable anti-armor weapons market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
