Man-Portable Anti-Armor Weapons Global Market Report 2023

“Man-Portable Anti-Armor Weapons Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on man-portable anti-armor weapons market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
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Where is the largest and fastest growing market for man-portable anti-armor weapons? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The man-portable anti-armor weapons market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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

• Companies Mentioned: Lockheed Martin Corporation; Bharat Dynamics Limited (BDL); General Dynamics Corporation; Saab AB; Raytheon Company

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the man-portable anti-armor weapons market are Lockheed Martin Corporation, Bharat Dynamics Limited (BDL), General Dynamics Corporation, Saab AB, Raytheon Company, Thales Group, BAE Systems PLC, MBDA, Konstruktorskoye Byuro Mashynostroyeniya (KBM), Nammo, Rostec State Corporation, Elbit Systems Ltd, Rafael Advanced Defense Systems Ltd, Denel Dynamics, and Northrop Grumman.

The global man-portable anti-armor weapons market is expected to grow from $5.32 billion in 2022 to $5.67 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The man-portable anti-armor weapons market is expected to reach $7.01 billion in 2027 at a CAGR of 5.45%.

The man-portable anti-armor weapons market consists of sales of shoulder-launched anti-tank rockets and javelin weapon system. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Man-portable anti-armor weapons refer to shoulder-fired military weapons such as missiles, rifles, and grenades. Troops can transfer these anti-armor weapons easily from one site to another in order to destroy enemy battle tanks, planes, and other armoured vehicles. These weapons are highly capable of destroyinhg both static and moving targets.

North America was the largest region in the man-portable anti-armor weapons market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in man-portable anti-armor weapons report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of man-portable anti-armor weapons are anti-aircraft missiles, rocket-propelled grenades, anti-tank rifles, and recoilless rifles. Anti-aircraft missiles (AAM) are short-range ballistic missile systems that are man-portable and designed to destroy aerial targets. The technologies involved are guided and unguided weapons, which are used for several applications, such as homeland security and defense.

An increase in defense budgets is expected to propel the growth of the man-portable anti-armor weapons market. The defence budget is the amount of the federal budget devoted to defence, which pays for personnel, training, and medical expenses, in addition to the maintenance and acquisition of weapons and equipment. The increase in defense budgets makes it easier to implement costly but necessary missile defense system technologies. For instance, in April 2022, according to a report published by the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute, global military spending surpasses $2 trillion. Total global military spending increased by 0.7% in real terms in 2021, reaching $2113 billion. In 2021, spending will rise for the seventh consecutive year. Russia upped its military budget by 2.9% to $65.9 billion in 2021 as it strengthened its forces along the Ukrainian border. China is expected to spend $293 billion on its military forces in 2021, a 4.7% increase over the previous year. Therefore, an increase in defense budgets is driving the growth of the man-portable anti-armor weapons market.

Product innovations have emerged as a key trend gaining popularity in the man-portable anti-armor weapons market. Major companies operating in the man-portable anti-armor weapons market are focused on introducing new products to strengthen their position in the market. For instance, in December 2021, MBDA Missile Systems, a France-based developer and manufacturer of missiles, introduced the new MPCV/MMP (Multi-Purpose Combat Vehicle) anti-tank guided missile weapon station, which is the most advanced high-firepower weapon system that has been especially created to satisfy the most demanding demands of contemporary combat in both complicated urban and open battlefield conditions. The turret has four ready-to-fire missiles, electro-optical sensors, a small caliber cannon, and a firing console built inside the vehicle. Known as the MMP (Missile Moyenne Portee), this French anti-tank guided missile is man-portable. MMP (Missile Moyenne Portee) is a French man-portable anti-tank guided missile.

In November 2021, True Velocity, a US-based technology and composite manufacturing company, acquired LoneStar Future Weapons for approximately $84 million. Through this acquisition, True Velocity is armed with an innovative approach for developing man-portable lightweight ammunition and advanced manufacturing technologies by leveraging LoneStar Future Weapons' extensive expertise in research and design, quality control, and precision manufacturing. LoneStar Future Weapons is a US-based manufacturer of man-portable weapon systems for military applications.

The countries covered in the man-portable anti-armor weapons market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The man-portable anti-armor weapons market research report is one of a series of new reports from The Business Research Company that provides man-portable anti-armor weapons market statistics, including man-portable anti-armor weapons industry global market size, regional shares, competitors with a man-portable anti-armor weapons market share, detailed man-portable anti-armor weapons market segments, market trends and opportunities, and any further data you may need to thrive in the man-portable anti-armor weapons industry. This man-portable anti-armor weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.