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Add to CartGlobal Man-portable Anti-armor Weapons Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Weapon Systems;
Man Portable Air Defense Systems, Anti-Tank Guided Missiles, and Rocket-Propelled Grenade LaunchersBy Technology;
Guided and UnguidedBy Assembly Type;
Projectile and LauncherBy Application;
Homeland Security and DefenseBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Man-portable Anti-armor Weapons Market Overview
Man-portable Anti-armor Weapons Market (USD Million)
Man-portable Anti-armor Weapons Market was valued at USD 4,665.74 million in the year 2024. The size of this market is expected to increase to USD 6,742.25 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%,
Global Man-portable Anti-armor Weapons Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 5.4 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 5.4 % |
| Market Size (2024) | USD 4,665.74 Million |
| Market Size (2031) | USD 6,742.25 Million |
| Market Concentration | Medium |
| Report Pages | 391 |
Major Players
- Lockheed Martin Corporation
- Saab AB
- RTX Corporation
- General Dynamics Corporation
- MBDA
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Man-portable Anti-armor Weapons Market
Fragmented - Highly competitive market without dominant players
The Man-portable Anti-armor Weapons Market is experiencing robust growth driven by rising defense budgets and the increasing emphasis on infantry mobility. Demand for lightweight and high-penetration systems has grown by 23%, reflecting the need for adaptable weaponry in modern combat environments. The market is expanding with a strong focus on precision targeting, portability, and multi-target capabilities.
Technological Advancements
The market's evolution is shaped by continuous technological innovations, with over 31% of new products incorporating advanced guidance systems. These improvements have enhanced accuracy and effectiveness, enabling infantry units to tackle heavily armored threats more efficiently. Research and development investments have further accelerated the introduction of next-generation systems.
Operational Efficiency
The emphasis on rapid deployment and ease of use has resulted in a 27% increase in systems featuring lightweight materials and ergonomic designs. These attributes significantly reduce soldier fatigue and improve maneuverability. The growing adoption of multi-mode warheads supports versatile operations across various terrains and mission requirements.
Future Outlook
The market is projected to witness continued growth, with a 29% rise in next-generation solutions anticipated over the coming years. These solutions integrate AI-powered targeting systems and enhanced penetration capabilities. Emphasis on soldier survivability and system adaptability is expected to shape future advancements, consolidating the market’s expansion trajectory.
Man-portable Anti-armor Weapons Market Recent Developmemts & Report Snapshot
Recent Developmemts:
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In May 2023, Lockheed Martin and RTX Corporation signed a partnership to manufacture man-portable, anti-tank guided munition systems for domestic and international defense customers under a US Army contract worth potentially USD 7.2 billion.
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In February 2022, MBDA announced that its Enforcer shoulder-launched guided missile weapon system is scheduled to enter service with the German Army in 2024.
Man-portable Anti-armor Weapons Market Segment Analysis
In this report, the Man-portable Anti-armor Weapons Market has been segmented by Weapon Systems, Technology, Assembly Type, Application, and Geography.
Man-portable Anti-armor Weapons Market, Segmentation by Weapon Systems
The Man-portable Anti-armor Weapons Market has been segmented by Weapon Systems into Man Portable Air Defense Systems , Anti-Tank Guided Missiles, and Rocket-Propelled Grenade Launchers.
Man Portable Air Defense Systems
Man Portable Air Defense Systems account for approximately 36% of the global Man-portable Anti-armor Weapons Market. These lightweight, shoulder-fired missile systems are designed to neutralize low-flying aircraft and unmanned aerial vehicles (UAVs). Rising threats from hostile air assets and the increasing deployment of portable air defense solutions across various military forces are driving this segment. Additionally, advancements in infrared homing technology and target tracking capabilities further enhance the effectiveness and demand for MANPADS.
Anti-Tank Guided Missiles
Anti-Tank Guided Missiles contribute about 44% to the global Man-portable Anti-armor Weapons Market. These precision-guided missiles are primarily used to destroy armored vehicles, including main battle tanks and armored personnel carriers. The demand for ATGMs is being fueled by increasing investment in next-generation anti-armor technologies and the need for highly portable and lethal battlefield solutions. Moreover, advancements in fire-and-forget systems and top-attack capabilities are significantly enhancing the performance and adoption of modern ATGMs.
Rocket-Propelled Grenade Launchers
Rocket-Propelled Grenade Launchers hold approximately 20% share in the global Man-portable Anti-armor Weapons Market. These versatile infantry weapons are widely used for short-range anti-armor and anti-personnel applications. Their relatively low cost, ease of use, and ability to engage both stationary and moving targets make them a staple in modern infantry operations. Ongoing enhancements in warhead technology and launcher design are further contributing to the sustained demand for rocket-propelled grenade launchers across global armed forces.
Man-portable Anti-armor Weapons Market, Segmentation by Technology
The Man-portable Anti-armor Weapons Market has been segmented by Technology into Guided and Unguided.
Guided
Guided systems dominate the global Man-portable Anti-armor Weapons Market, accounting for approximately 62% of the total demand. These systems utilize advanced target tracking, precision guidance, and fire-and-forget technologies to enhance accuracy and effectiveness against armored targets. The rising adoption of next-generation anti-tank guided missiles (ATGMs) and guided rocket systems by modern militaries is driving significant growth in this segment. Additionally, increasing investment in autonomous targeting and multi-mode seekers further boosts the capabilities and demand for guided man-portable weapons.
Unguided
Unguided systems represent about 38% of the global Man-portable Anti-armor Weapons Market. These systems, including traditional rocket-propelled grenade (RPG) launchers and recoilless rifles, remain popular for their cost-effectiveness, ease of use, and tactical flexibility. They are widely employed by infantry units for close-range anti-armor and anti-structure missions. Continuous improvements in warhead design and launch mechanisms are helping maintain the relevance of unguided weapons in modern combat scenarios, especially in urban warfare and irregular conflicts.
Man-portable Anti-armor Weapons Market, Segmentation by Assembly Type
The Man-portable Anti-armor Weapons Market has been segmented by Assembly Type into Projectile and Launcher.
Projectile
The projectile segment accounts for approximately 57% of the global Man-portable Anti-armor Weapons Market. This category includes a wide range of guided and unguided munitions such as anti-tank missiles, rockets, and grenades designed to defeat armored vehicles and fortifications. Growing advancements in warhead technology, penetration capability, and targeting accuracy are driving the demand for high-performance projectiles. Furthermore, the emphasis on developing multi-purpose munitions to enhance operational flexibility is contributing to this segment’s growth.
Launcher
The launcher segment represents about 43% of the global Man-portable Anti-armor Weapons Market. Launchers, including shoulder-fired systems, tube-launched platforms, and recoilless rifles, are critical enablers for deploying advanced projectiles. Innovations in lightweight materials, ergonomic designs, and fire-control systems are enhancing the usability and combat effectiveness of modern launchers. The increasing demand for portable, easy-to-operate, and reusable launcher platforms is driving growth in this segment across global defense forces.
Man-portable Anti-armor Weapons Market, Segmentation by Application
The Man-portable Anti-armor Weapons Market has been segmented by Application into Homeland Security and Defense.
Homeland Security
The homeland security segment holds about 28% of the global Man-portable Anti-armor Weapons Market. These weapons are increasingly deployed by law enforcement agencies, border security forces, and special operations units to counter threats from heavily armed adversaries and light armored vehicles. The growing need for enhanced urban warfare capabilities and counter-terrorism operations is fueling demand. Moreover, advancements in portable weapon systems and rising investments in homeland defense modernization programs are driving this segment’s growth.
Defense
The defense segment dominates the market with a share of approximately 72% in the global Man-portable Anti-armor Weapons Market. These weapons are vital for infantry units engaged in anti-armor, anti-personnel, and fortification assault missions. Increasing investments in next-generation man-portable weaponry and rising demand for lightweight, highly lethal systems are driving growth. Additionally, ongoing modernization of armed forces and the shift towards network-centric warfare continue to bolster demand for advanced man-portable anti-armor weapons in the defense sector.
Man-portable Anti-armor Weapons Market, Segmentation by Geography
In this report, the Man-portable Anti-armor Weapons Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Man-portable Anti-armor Weapons Market Share (%), by Geographical Region
North America
North America leads the global Man-portable Anti-armor Weapons Market, accounting for approximately 37% of the total share. The region’s strong demand is driven by significant investments in military modernization and the widespread adoption of next-generation anti-armor systems. The presence of major defense contractors and ongoing procurement programs by the U.S. Department of Defense further enhance market growth. Increasing focus on advanced lightweight weapon systems continues to drive innovation across North America.
Europe
Europe holds about 26% of the global Man-portable Anti-armor Weapons Market. The region is witnessing heightened demand due to rising geopolitical tensions and increased defense spending among key nations such as Germany, France, and the United Kingdom. Modernization of infantry weapon systems and growing emphasis on NATO defense readiness are further fueling market expansion. Additionally, collaborative European defense programs are contributing to the development of cutting-edge man-portable anti-armor technologies.
Asia Pacific
Asia Pacific contributes approximately 21% to the global Man-portable Anti-armor Weapons Market. Rapid military modernization across countries such as China, India, and South Korea is a key driver. The region’s focus on strengthening infantry combat capabilities and improving border security is fostering demand for advanced man-portable anti-armor weapons. Furthermore, increasing investments in indigenous defense manufacturing and growing defense budgets continue to bolster market growth across Asia Pacific.
Middle East and Africa
The Middle East and Africa region holds about 10% of the global Man-portable Anti-armor Weapons Market. Rising regional conflicts and the need for asymmetric warfare capabilities are driving demand for these weapons. Nations across the region are investing in portable anti-armor solutions to enhance the effectiveness of their ground forces. Additionally, procurement of modern infantry weapons and the emergence of regional defense partnerships are supporting market growth in this segment.
Latin America
Latin America contributes around 6% to the global Man-portable Anti-armor Weapons Market. Demand in this region is primarily driven by efforts to strengthen border security and support counter-insurgency operations. Countries such as Brazil and Colombia are investing in modern infantry weapon systems to enhance operational effectiveness. Moreover, growing collaboration with international defense suppliers and the modernization of military forces are contributing to the steady growth of this market segment in Latin America.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Man-portable Anti-armor Weapons Systems Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers:
- Geopolitical Tensions
- Focus on Infantry Mobility
- Threat of Armored Vehicles and Tanks
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Training and Simulation Needs - Training and simulation serve as indispensable tools for preparing soldiers and units to effectively employ anti-armor weapons in diverse operational scenarios, ranging from conventional warfare to counterinsurgency and peacekeeping missions. By providing realistic and immersive training experiences, simulation technologies enable personnel to familiarize themselves with the operation, maintenance, and employment of anti-armor weapons in a controlled and risk-free environment. This includes training in weapon handling, target acquisition, firing techniques, and tactical engagement procedures, allowing soldiers to develop the skills and confidence necessary to succeed on the battlefield.
Training and simulation play a crucial role in optimizing the performance and effectiveness of man-portable anti-armor weapons systems. Through simulated exercises and scenarios, military personnel can refine their proficiency in target identification, situational awareness, and decision-making under pressure, ensuring accurate and timely engagements against armored threats. Simulation-based training also enables units to practice coordinated fire and maneuver tactics, integration with other weapon systems and platforms, and adaptation to dynamic battlefield conditions, enhancing their overall combat effectiveness and operational readiness.
By leveraging virtual and constructive simulation technologies, defense agencies can conduct comprehensive training programs at a fraction of the cost of traditional methods, while still delivering high-fidelity training experiences that closely replicate real-world scenarios. This cost-effectiveness enables military forces to allocate resources more efficiently, invest in additional training opportunities, and sustain a higher level of readiness across their anti-armor weapon systems.
Training and simulation facilitate interoperability and standardization among allied and coalition forces, enabling seamless integration and coordination in joint operations and multinational exercises. By adopting common training standards, procedures, and simulation platforms, participating nations can enhance mutual understanding, communication, and interoperability, thereby maximizing the collective effectiveness of their anti-armor capabilities in coalition operations and multinational contingencies.
As defense agencies continue to prioritize training and simulation as key enablers of military readiness and effectiveness, the market for training and simulation solutions within the man-portable anti-armor weapons sector is expected to witness sustained growth and innovation, catering to the evolving training requirements and operational challenges faced by modern armed forces.
Restraints:
- International Conflicts and Agreements
- Shift Towards Unmanned Systems
- Technological Constraints
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Risk of Collateral Damage - In assessing the Global Man-portable Anti-armor Weapons Market, an essential consideration is the risk of collateral damage, which acts as a significant restraint on market dynamics. Collateral damage refers to unintended or incidental harm caused to civilians, infrastructure, or non-combatants during military operations. Man-portable anti-armor weapons, while critical for neutralizing armored threats on the battlefield, inherently carry the potential for collateral damage due to their destructive power, area effects, and limited precision compared to larger weapon systems.
One of the primary concerns regarding man-portable anti-armor weapons is their relatively limited targeting precision, especially in urban or densely populated areas where distinguishing between combatants and non-combatants can be challenging. These weapons, such as rocket-propelled grenades (RPGs) and anti-tank guided missiles (ATGMs), are designed to deliver high-explosive warheads with significant destructive potential, capable of causing extensive damage to structures and endangering civilian lives if employed indiscriminately or inaccurately.
The compact size and portability of man-portable anti-armor weapons make them highly maneuverable and accessible to individual soldiers or small units operating in close proximity to civilian populations. This proximity increases the risk of unintended collateral damage, particularly in scenarios where combatants are intermingled with non-combatants, such as urban warfare or counterinsurgency operations. The use of these weapons in densely populated areas necessitates stringent rules of engagement and careful target selection to minimize the risk of civilian casualties and mitigate negative repercussions on public perception and international humanitarian law.
The proliferation of man-portable anti-armor weapons to non-state actors, insurgent groups, and terrorist organizations poses additional challenges in terms of mitigating the risk of collateral damage. These actors may lack the training, discipline, or adherence to international norms governing the conduct of warfare, increasing the likelihood of indiscriminate or reckless use of anti-armor weapons in populated areas. The deliberate targeting of civilian infrastructure, critical facilities, or humanitarian convoys with man-portable anti-armor weapons can result in significant humanitarian crises, displacement of civilian populations, and erosion of public trust in military operations.
To address the risk of collateral damage associated with man-portable anti-armor weapons, defense agencies and armed forces prioritize the development and deployment of precision-guided munitions (PGMs) and non-lethal alternatives capable of minimizing unintended harm to civilians and infrastructure. These include advanced ATGMs equipped with sophisticated targeting systems, such as laser or infrared guidance, to enhance accuracy and reduce the likelihood of stray shots. Additionally, the adoption of restrictive engagement protocols, civilian casualty tracking mechanisms, and post-strike assessments helps mitigate the risk of collateral damage and uphold compliance with international humanitarian law.
Opportunities:
- Increasing Defense Budgets
- Modernization Programs
- Focus on Urban Warfare
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Rising Security Concerns - With rising security concerns across the globe, the Global Man-portable Anti-armor Weapons Market is experiencing a notable surge in demand, reflecting the growing need for effective solutions to counter evolving threats posed by armored vehicles and fortified positions. This escalating demand is driven by several factors, including geopolitical tensions, insurgency activities, and the proliferation of asymmetric warfare tactics.. In conflicts such as those in Syria, Yemen, and Ukraine, armored vehicles play a critical role in maneuver warfare, providing both offensive firepower and protection to combatants. As a result, there is a pressing need for man-portable anti-armor weapons capable of neutralizing these vehicles and mitigating their impact on the battlefield.
The rise of non-state actors, insurgent groups, and terrorist organizations has exacerbated security concerns in many parts of the world. These groups often rely on asymmetric tactics, including the use of improvised armored vehicles and fortified positions, to challenge conventional military forces and sow chaos in urban areas. In response, government forces and security agencies are increasingly turning to man-portable anti-armor weapons to enhance their capabilities for counterinsurgency and counterterrorism operations, enabling them to effectively engage and neutralize enemy threats in urban and rural environments.
The proliferation of advanced military technologies and the availability of surplus weaponry in the global arms market have made man-portable anti-armor weapons more accessible to a wider range of actors, including non-state groups and paramilitary organizations. This proliferation has heightened concerns about the potential misuse of these weapons for terrorist attacks, asymmetric warfare, and destabilizing regional conflicts. Consequently, there is a growing emphasis on enhancing border security, critical infrastructure protection, and military preparedness through the deployment of advanced anti-armor capabilities capable of deterring and defeating potential threats.
The emergence of new challenges, such as unmanned aerial vehicles (UAVs) and autonomous weapon systems, has further underscored the importance of man-portable anti-armor weapons in modern warfare. As adversaries seek to exploit technological advancements to gain tactical advantages on the battlefield, there is a need for versatile and adaptable anti-armor solutions capable of countering a wide range of threats, from conventional armored vehicles to unmanned platforms and robotic systems.
Competitive Landscape Analysis
Key players in Global Man-portable Anti-armor Weapons Market include:
- Lockheed Martin Corporation
- Saab AB
- RTX Corporation
- General Dynamics Corporation
- MBDA
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Weapon Systems
- Market Snapshot, By Technology
- Market Snapshot, By Assembly Type
- Market Snapshot, By Application
- Market Snapshot, By Geography
- Man-portable Anti-armor Weapons Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Geopolitical Tensions
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Focus on Infantry Mobility
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Threat of Armored Vehicles and Tanks
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Training and Simulation Needs
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- Restraints
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International Conflicts and Agreements
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Shift Towards Unmanned Systems
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Technological Constraints
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Risk of Collateral Damage
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- Opportunities
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Increasing Defense Budgets
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Modernization Programs
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Focus on Urban Warfare
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Rising Security Concerns
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Man-portable Anti-armor Weapons Market, By Weapon Systems, 2021 - 2031 (USD Million)
- Man Portable Air Defense Systems
- Anti-Tank Guided Missiles
- Rocket-Propelled Grenade Launchers
- Man-portable Anti-armor Weapons Market, By Technology, 2021 - 2031 (USD Million)
- Guided
- Unguided
- Man-portable Anti-armor Weapons Market, By Assembly Type, 2021 - 2031 (USD Million)
- Projectile
- Launcher
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Man-portable Anti-armor Weapons Market, By Application, 2021 - 2031 (USD Million)
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Homeland Security
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Defense
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- Man-portable Anti-armor Weapons Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Man-portable Anti-armor Weapons Market, By Weapon Systems, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
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Lockheed Martin Corporation
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Saab AB
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RTX Corporation
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General Dynamics Corporation
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MBDA
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- Company Profiles
- Analyst Views
- Future Outlook of the Market