Man Portable Anti-Armor Weapons Market to Grow at 7.54% CAGR Through 2029

Escalating military modernization efforts worldwide, with nations prioritizing advanced capabilities to counter evolving armored threats are the factors driving market in the forecast period 2025-2029.

According to TechSci Research report, “Man Portable Anti-Armor Weapons Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, The Global Man Portable Anti-Armor Weapons Market stood at USD 22.75 Billion in 2023 and is anticipated to grow with a CAGR of 7.54% in the forecast period, 2025-2029. The global market for man-portable anti-armor weapons presents a dynamic landscape shaped by evolving military strategies, geopolitical tensions, technological advancements, and market competition. Man-portable anti-armor weapons, also known as shoulder-launched weapons or man-portable anti-tank systems, are critical assets for infantry units, providing them with the capability to engage armored vehicles effectively on the battlefield. This market encompasses a range of weapon systems designed to counter armored threats, including rocket-propelled grenades (RPGs), anti-tank guided missiles (ATGMs), and disposable recoilless rifles.

One of the primary drivers influencing the growth of the man-portable anti-armor weapons market is the increasing demand for lightweight and portable systems capable of countering a diverse array of armored threats. Modern military operations often require infantry units to operate in urban environments or rugged terrain where traditional armored vehicles may be less maneuverable. As a result, there is a growing emphasis on equipping infantry forces with highly mobile and versatile anti-armor weapons that can effectively engage enemy armor in various operational scenarios.

Moreover, geopolitical tensions and the proliferation of advanced armored vehicles among state and non-state actors have further fueled the demand for man-portable anti-armor weapons. As countries seek to modernize their military capabilities and address emerging security challenges, there is a heightened focus on enhancing infantry firepower and mobility to maintain a credible deterrence posture. This has led to increased investments in the procurement and development of advanced man-portable anti-armor weapon systems capable of defeating heavily armored targets with precision and reliability.

In addition to conventional military applications, the market for man-portable anti-armor weapons is also driven by the need to address asymmetric threats posed by insurgent groups and terrorist organizations. These non-state actors often employ guerrilla tactics and improvised armored vehicles to challenge conventional military forces, necessitating the deployment of portable and cost-effective anti-armor solutions by friendly forces. Consequently, there is a growing demand for lightweight and easy-to-use man-portable anti-armor weapons that can be quickly deployed by dismounted infantry units to neutralize enemy threats in asymmetric warfare environments.

Technological advancements play a crucial role in shaping the competitive landscape of the man-portable anti-armor weapons market. Manufacturers are continuously innovating to develop weapon systems with improved accuracy, range, and lethality while reducing size, weight, and cost. Integration of advanced guidance systems, such as laser designation and infrared imaging, enhances the precision and effectiveness of anti-armor missiles, allowing operators to engage targets with greater confidence and efficiency. Furthermore, the incorporation of composite materials and additive manufacturing techniques enables the production of lighter and more durable weapon systems, enhancing the mobility and survivability of infantry units on the battlefield.

Export controls and regulatory restrictions imposed by exporting countries often limit the transfer of advanced weapon technologies to potential customers, particularly in regions characterized by political instability and conflict. Moreover, the proliferation of counterfeit and illicitly produced anti-armor weapons poses a significant threat to market integrity and the reputation of legitimate manufacturers. Addressing these challenges requires close collaboration between governments, industry stakeholders, and international organizations to establish robust export control mechanisms and strengthen enforcement efforts to prevent the illicit trade in man-portable anti-armor weapons.

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North America dominates the man-portable anti-armor weapons market due to significant defense spending by the United States. The region's market growth is fueled by ongoing modernization programs, such as the replacement of legacy systems with advanced anti-armor weaponry. Additionally, collaborations between government agencies and defense contractors drive innovation, leading to the development of cutting-edge technologies.

South America's man-portable anti-armor weapons market exhibits moderate growth, primarily influenced by regional security concerns and military modernization initiatives. Countries like Brazil and Colombia invest in upgrading their defense capabilities to counter internal and external threats, contributing to the market expansion. However, economic challenges and budget constraints hinder rapid market growth in the region.

The Middle East & Africa region represents a significant market for man-portable anti-armor weapons, driven by ongoing conflicts, geopolitical tensions, and counter-insurgency operations. Nations in the Middle East, including Saudi Arabia, Israel, and the United Arab Emirates, invest heavily in defense procurement to bolster their military capabilities. Moreover, Africa's security challenges, such as terrorism and insurgencies, stimulate demand for portable anti-armor systems to enhance counter-terrorism efforts.

Europe's man-portable anti-armor weapons market is characterized by a diverse landscape, with NATO members and other European countries investing in defense modernization. The region witnesses collaborations among defense organizations and industry players to develop advanced anti-armor solutions with enhanced precision and mobility. Additionally, geopolitical tensions, such as those in Eastern Europe, drive procurement of anti-armor weaponry to address potential threats.

The Asia-Pacific region emerges as a key market for man-portable anti-armor weapons, fueled by escalating territorial disputes, military modernization initiatives, and the presence of emerging economies. Countries like China, India, and Japan invest significantly in enhancing their defense capabilities, driving the demand for portable anti-armor systems. Moreover, technological advancements and the proliferation of asymmetric warfare tactics contribute to market growth in the region.

Major companies operating in Global Man Portable Anti-Armor Weapons Market are:

• Daycraft Weapon Systems, LLC
• Bharat Dynamics Limited
• China Ordnance Industries Group Corporation Limited
• LIG Nex1 Co. Ltd
• Lockheed Martin Corporation
• MBDA Inc.
• Nammo AS

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“The Global Man-Portable Anti-Armor Weapons Market is witnessing a transformative phase marked by a convergence of cutting-edge technologies. The integration of smart systems, lightweight materials, and advanced guidance mechanisms is reshaping the landscape, enhancing both precision and versatility. As nations prioritize military modernization, the market is poised for sustained growth, with innovations driven by a commitment to addressing evolving threats and providing infantry forces with highly effective and adaptable anti-armor solutions,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Man Portable Anti-Armor Weapons Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Type (Anti-Aircraft Missiles, Anti-tank Rifles, Recoilless Rifles and Rocket Propelled Grenades), By Modes (Light Anti-Tank Weapons, Medium Anti-Tank Weapons and Heavy Anti-Tank Weapons), By Technology (Guided Weapons and Unguided Weapons), By Region, Competition, 2019-2029”, has evaluated the future growth potential of Global Man Portable Anti-Armor Weapons Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Man Portable Anti-Armor Weapons Market.

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