Man-portable anti-armor weapons are lightweight, shoulder-fired or ground-launched systems designed to enable individual soldiers to effectively engage and neutralize armored vehicles, fortified positions, and low-flying aircraft. These weapons are integral to infantry units, providing them with the capability to counteract heavily armored threats without the need for larger, vehicle-mounted systems.
The man-portable anti-armor weapons market consists of sales of portable anti-armor weapons by (organizations, sole traders, and partnerships) that design, production, and distribution of weapons intended for use by infantry forces to neutralize armored vehicles and other hard targets.
The global man-portable anti-armor weapons market was valued at $4,884.28 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 3.00%.
Expansion Of Defense Exports And Alliances
During the historic period, expansion of defense exports and alliances, propelled the growth of the man-portable anti-armor weapons market. The expansion of defense exports and international alliances boosts the demand for man-portable anti-armor weapons by opening new markets and increasing global procurement opportunities. Strengthened defense partnerships also facilitate joint development, technology transfers, and large-scale production, enhancing the competitiveness and global reach of these weapon systems. For instance, in February 2025, according to a report published by the American Friends Service Committee, a US-based non-governmental organization, the German government authorized the export of approximately $27 million in weapons to Israel in 2023, including 3,000 portable anti-tank systems, likely the Matador. Therefore, the expansion of defense exports and alliances drove the man-portable anti-armor weapons market.
Advancing Portable Missile Systems For Enhanced Battlefield Capabilities
Major companies operating in the man-portable anti-armor weapons market are prioritizing the launch of new products, such as portable missile systems, to enhance their market presence. A portable missile system, also known as a man-portable air-defense weapon, is designed for use by individuals or small teams to engage aircraft, helicopters, or ground vehicles. For instance, in August 2024, the Defence Research and Development Organization, an India-based military research and development agency announced the successful completion of test-firing for the indigenously developed Man-Portable Anti-Tank Guided Missile (MP-ATGM). The system is highly portable, weighing 14.5 kg, with an additional 14.25 kg for the command launch unit (CLU). It is equipped with a HEAT warhead designed to destroy tanks and armored vehicles, offering an operational range of 200 meters to 4 kilometers. Featuring an advanced IIR sensor and avionics, the missile ensures precise top-attack targeting. With a cylindrical design measuring 130 cm in length and 12 cm in diameter, it is launched from a collapsible tripod and tube for enhanced deployment flexibility.
The global man-portable anti-armor weapons market is fairly fragmented, with large number of small players operating in the market. The top ten competitors in the market made up to 21.97% of the total market in 2023.
Man-Portable Anti-Armor Weapons Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global man-portable anti-armor weapons market as it emerges from the COVID-19 shut down.
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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 history and forecasts market growth by geography. It places the market within the context of the wider man-portable anti-armor weapons market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics:- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product by size and by application.
- Key Trends:- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis:- Framework Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth:- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis:- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation:- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by product by size and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth:- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape:- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies:- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking:- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard:- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions:- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments:- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies:- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets
- Conclusions And Recommendations:- This section includes recommendations for man-portable anti-armor weapons market providers in terms of product/service offerings geographic expansion, marketing strategies and target groups
- Appendix:- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
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; Saab AB; Raytheon Technologies Corp.; MBDA Holdings SAS; Bharat Dynamics Limited
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- 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; man-portable anti-armor weapons indicators comparison.
- 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.