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Man-portable Anti-armor Weapons Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Man-portable Anti-armor Weapons Industry: Forecasts to 2025

  • June 2017
  • 122 pages
  • ID: 4977656
In this report:
The demand for lightweight anti-armor weapons among the global defense forces is expected to bolster the man-portable anti-armor weapons market.
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.

Summary

Table of Contents

Global Man-portable Anti-armor Weapons Market: Summary

The quick escalation in the defense budgets across the world and the need to enhance the respective armed forces, the defense forces are investing huge amounts in the industry research and development of latest and strong ammunitions and weaponries. This factor has led the defense contractors to innovate and develop additional lightweight, guided and unguided, man-portable anti-armor weapons as well as upgrade the existing weapons. These weapons are used against heavily armored weaponries including principal 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 main factor boosting the sector for man-portable anti-armor weapons is the comprehensive research and development in the defense industry across the globe. In new times, the defense budgets across the world 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. Additionally, the sector demand for lightweight, highly effective weapons is also growing 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 market demand for lightweight anti-armor weapons among the overall defense forces is forecast to bolster the man-portable anti-armor weapons market.

The industry for man-portable anti-armor weapons is poised to grow over the period due to several 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 main concern for the manufacturers as well as the infantries across the world. 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 sector to grow over the years.

Global Man-portable Anti-armor Weapons Market: Segmentation

The analysis on man-portable anti-armor weapons market segments the market on basis of types, technology and territory. The different types of man-portable anti-armor weapons widely used by the defense forces across the world 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 principal battle tanks, and aircrafts. This capability of rocket propelled grenades have increased the industry demand for anti-armor weapons among the defense forces across the world which in turn led the segment to dominate the industry in 2016. The quickest increasing type segment is projected to be the recoilless rifles, increasing at a meaningful Compound annual growth rate during the estimate 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. Furthermore, 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 world in order to enhance their armed forces.

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

Geographically, the sector for man-portable anti-armor weapons is fragmented into five tactical regions globally as North America, EU, Asia-Pac, Middle East area and African continent, and Latin America area. North America continent dominated the industry for man-portable anti-armor weapons market in 2016 with an excellent market share which is forecasted to witness a slow downfall over the years from 2017 to 2025. Asia Pacific (APAC) is predicted to be the quickest increasing region during the outlook period from 2017 to 2025. Europe (EU), Middle East (ME) and African continent and Latin America area are predicted to grow over the time from 2017 to 2025 at a substantial rate.

The best ten main player operating in the sector for man-portable anti-armor weapons has been profiled in this industry report according to the tactical five regions globally. The market research includes players including 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 study, financial, business overview and strategies adopted in order to sustain in the sector.

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

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

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

Guided Weapons

Unguided Weapons

Overall man-portable anti-armor weapons Market, 2016-2024: By Area

North America (NA)

USA

Canada (CA)

Mexico (MX)

Europe (EU)

U.K

Germany (DE)

Russia (RU)

France (FR)

Rest of europe (EU)

Asia-Pac

China (CN)

India (IN)

South Korea (KR)

Rest of Asia Pacific (APAC)

Middle East and Africa

Saudi arabia (SA)

Israel

Rest of African region and Middle East

Latin America

Brazil (BR)

Rest of Latin America

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