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Man-Portable Anti-Armor Weapons Market Size Overview: From Historical Performance To The 2030 Forecast
The market size for man-portable anti-armor weapons has demonstrated strong growth in recent years. It is forecast to increase from $6.24 billion in 2025 to $6.58 billion in 2026, achieving a compound annual growth rate (CAGR) of 5.5%. This historical expansion can be attributed to various factors, including the rising deployment of shoulder-launched anti-tank weapons in asymmetric and conventional warfare, increased procurement of lightweight and portable systems that enhance troop mobility, the proliferation of modernization programs aimed at replacing aging anti-armor weapon inventories, ongoing advancements in guidance and propulsion technologies improving accuracy and range, and an expanding demand for multi-target capability to counter both stationary and moving armored threats.
The man-portable anti-armor weapons market is anticipated to experience significant growth in the coming years. It is projected to expand to $8.13 billion in 2030, driven by a compound annual growth rate (CAGR) of 5.4%. This growth during the forecast period can be attributed to several factors: increasing investment in next-generation anti-armor systems featuring advanced seeker and targeting technologies, the rising development of modular and reusable launch platforms for greater operational flexibility, expanding infantry modernization initiatives boosting the procurement of portable high-performance weapons, the growing integration of network-enabled targeting to enhance battlefield coordination, and the creation of lighter, higher-penetration warheads designed to counteract evolving armored vehicle defenses. Furthermore, major trends for this period include enhanced anti-armor warhead technology, the development of lightweight and portable weapon designs, improvements in target acquisition systems, an extension of operational range and accuracy, and advanced training and simulation for military personnel.
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What Factor Is Increasing Demand In The Man-Portable Anti-Armor Weapons Market?
The man-portable anti-armor weapons market is anticipated to expand due to rising defense expenditures. These budgets represent the portion of government funds allocated to defense, covering costs for personnel, training, medical services, as well as the upkeep and procurement of armaments and gear. Higher defense spending facilitates the deployment of expensive yet essential missile defense system technologies. A notable example is the global military spending, which, as reported in April 2024 by the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute, totaled $2.443 trillion in 2023, representing a 6.8% real-terms increase over 2022. Consequently, the expansion of defense budgets is stimulating growth within the man-portable anti-armor weapons market.
Which Segments Make Up The Man-Portable Anti-Armor Weapons Market?
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 Emerging Trends: What Are Industry Leaders Focusing On?
Companies in the man-portable anti-armor weapons market are concentrating on introducing new products, such as portable missile systems, to enhance their market standing. A portable missile system, also recognized as a man-portable air-defense weapon, is utilized by individuals or small teams to target aircraft, helicopters, or ground vehicles. Its substantial mobility and rapid deployment make it effective across various combat scenarios. For example, 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). This system weighs 14.5 kg, with an additional 14.25 kg for the command launch unit (CLU), ensuring its high portability. 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 form measures 130 cm in length and 12 cm in diameter, launched from a collapsible tripod and tube.
Major Companies To Know In The Man-Portable Anti-Armor Weapons Market
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 Landscape: Largest Region In 2025
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.
