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Man-Portable Anti-Armor Weapons Market Size, Value And Growth Trends Through 2030
The market for man-portable anti-armor weapons has experienced significant expansion in recent times. This market is projected to expand from $6.24 billion in 2025 to reach $6.58 billion by 2026, exhibiting a compound annual growth rate (CAGR) of 5.5%. Historically, this growth has stemmed from several factors, including the increased use of shoulder-launched anti-tank weapons in both asymmetric and conventional conflicts, a rise in the acquisition of lightweight and easily transportable systems that boost troop mobility, an uptick in modernization initiatives aimed at replacing outdated anti-armor weapon stockpiles, technological progress in guidance and propulsion systems leading to improved accuracy and extended range, and a growing need for multi-target functionality to address both static and mobile armored threats.
The man-portable anti-armor weapons market is projected to experience substantial expansion over the upcoming years. This market is forecast to reach $8.13 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this growth during the forecast period include increased investment in advanced seeker and targeting technologies for next-generation anti-armor systems, the expanding development of modular and reusable launch platforms for greater operational flexibility, the widening scope of infantry modernization initiatives leading to the acquisition of portable high-performance weapons, the growing incorporation of network-enabled targeting for better battlefield coordination, and the creation of lighter, higher-penetration warheads designed to overcome developing armored vehicle defenses. Key trends anticipated within the forecast timeframe encompass improvements in anti-armor warhead technology, the adoption of lightweight and portable weapon designs, advancements in target acquisition systems, an increase in operational range and accuracy, and sophisticated training and simulation programs for military personnel.
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Man-Portable Anti-Armor Weapons Market Growth Momentum: Which Factors Are Influencing Demand?
A rise in defense budgets is projected to stimulate the expansion of the man-portable anti-armor weapons market. A defense budget signifies the segment of the federal budget allocated for defense purposes, which finances personnel, training, and medical expenditures, alongside the maintenance and acquisition of various weapons and equipment. Enhanced defense budgets simplify the implementation of costly but essential missile defense system technologies. For instance, in April 2024, a report by the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute, indicated that global military spending reached $2.443 trillion in 2023, representing a 6.8% increase in real terms compared to 2022. Thus, an increase in defense budgets is fueling the growth of the man-portable anti-armor weapons market.
Man-Portable Anti-Armor Weapons Market Segment Landscape: Which Areas Lead Market Development?
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 Industry Trends Shaping Future Revenue Growth
Leading companies within the man-portable anti-armor weapons market are focusing on introducing novel products, such as advanced portable missile systems, to strengthen their competitive standing. A portable missile system, also recognized as a man-portable air-defense weapon, is utilized by individuals or small units to engage aircraft, helicopters, or ground vehicles. Its inherent mobility and rapid deployment capability render it highly effective across diverse combat scenarios. For example, in August 2024, India’s Defence Research and Development Organization, a military research and development agency, declared the successful completion of test-firing its domestically developed Man-Portable Anti-Tank Guided Missile (MP-ATGM). This system boasts significant portability, weighing 14.5 kg, with its command launch unit (CLU) adding an additional 14.25 kg. It is equipped with a HEAT warhead designed for destroying tanks and armored vehicles, operating within a range of 200 meters to 4 kilometers. The missile incorporates an advanced IIR sensor and avionics, enabling precise top-attack targeting. Its cylindrical form 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 And Leading Companies
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 Analysis And Leading Geography
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.