Man-portable anti-tank systems (MANPATS or MPATS) are lightweight, shoulder-launched anti-tank rockets used primarily by infantry forces. These weapons are typically unguided and pose significant threats to armored vehicles, low-flying aircraft (particularly helicopters), and fortified positions. The ease of transport, operational flexibility, and cost-effectiveness of these weapons make them a critical component of modern military strategies.
Market Size
The global Man-portable Anti-armor Weapon market was valued at USD 4438.60 million in 2023 and is expected to reach USD 6596.18 million by 2032, growing at a CAGR of 4.50% during the forecast period.
The North American market was valued at USD 1247.51 million in 2023, with an anticipated CAGR of 3.86% from 2025 to 2032. This growth is driven by increasing defense budgets, technological advancements, and rising geopolitical tensions.
Market Dynamics (Drivers, Restraints, Opportunities, and Challenges)
Drivers
-
Increasing Military Expenditures: Nations across the globe are significantly increasing their defense budgets to modernize their military capabilities, leading to higher demand for advanced anti-armor weapons.
-
Rising Geopolitical Conflicts: Ongoing regional tensions and the prevalence of asymmetric warfare drive the demand for portable and highly effective anti-armor solutions.
-
Technological Advancements: Innovations in guidance systems, warhead effectiveness, and portability are enhancing the performance of modern anti-armor weapons.
Restraints
-
Stringent Regulations and Export Controls: Many countries have strict regulations on the production, sale, and export of anti-armor weapons, limiting market expansion.
-
High Development and Maintenance Costs: Research, development, and maintenance of advanced anti-armor weaponry require substantial investment, which may deter smaller defense firms.
Opportunities
-
Growing Demand in Emerging Markets: Countries in the Asia-Pacific and Middle East are increasing their defense investments, offering new opportunities for market players.
-
Advancements in Lightweight and High-Penetration Warheads: The development of more compact, efficient, and powerful warheads is expected to drive market growth.
Challenges
-
Countermeasures and Evolving Defense Technologies: The development of active protection systems (APS) for armored vehicles may reduce the effectiveness of traditional anti-armor weapons.
-
Supply Chain Disruptions: Global political instability and material shortages could impact the timely delivery and production of these weapons.
Regional Analysis
North America
-
United States & Canada dominate the market, driven by strong defense budgets, a well-established military-industrial complex, and continuous technological advancements.
Europe
-
Germany, UK, France, and Russia are key players investing in anti-armor technologies due to increasing security threats and defense collaborations.
Asia-Pacific
-
China, India, South Korea, and Japan are increasing defense budgets and focusing on indigenous weapon development programs.
South America & Middle East/Africa
Competitor Analysis
Key Companies in the Market
- General Dynamics Corporation
- MBDA Missiles Systems
- Thales Group
- Lockheed Martin Corporation
- Raytheon Company
These companies lead the market through technological innovation, strategic partnerships, and government contracts.
Market Segmentation (by Type)
- Anti-aircraft Missiles – Designed to engage aerial threats, primarily helicopters and low-flying aircraft.
- Rocket Propelled Grenades (RPGs) – Portable, unguided weapons widely used in asymmetric warfare.
- Anti-tank Rifles – Long-range weapons designed to penetrate heavy armor.
- Recoilless Rifles – Lightweight, portable artillery systems used against fortifications and armored vehicles.
Market Segmentation (by Application)
- Defense – The primary application, where these weapons are deployed for military operations and national security.
- Homeland Security – Increasingly used by law enforcement and counterterrorism forces.
Geographic Segmentation
- North America: USA, Canada, Mexico
- Europe: Germany, UK, France, Russia, Italy, Rest of Europe
- Asia-Pacific: China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Colombia, Rest of South America
- Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA
FAQs
What is the current market size of the Man-portable Anti-armor Weapon market?
The global market was valued at USD 4438.60 million in 2023 and is projected to reach USD 6596.18 million by 2032, with a CAGR of 4.50%.
Which are the key companies operating in the Man-portable Anti-armor Weapon market?
Major companies include General Dynamics, MBDA Missiles Systems, Thales Group, Lockheed Martin, and Raytheon.
What are the key growth drivers in the Man-portable Anti-armor Weapon market?
Growth is driven by increased military spending, geopolitical conflicts, and technological advancements in anti-armor systems.
Which regions dominate the Man-portable Anti-armor Weapon market?
North America and Europe are the dominant regions, followed by Asia-Pacific with rising defense investments.
What are the emerging trends in the Man-portable Anti-armor Weapon market?
Key trends include the development of lightweight, high-penetration warheads, AI-driven targeting systems, and increased focus on autonomous weaponry.
Key Benefits of This Market Research:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Man-portable Anti-armor Weapon Market
- Overview of the regional outlook of the Man-portable Anti-armor Weapon Market:
Key Reasons to Buy this Report:
- Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
- This enables you to anticipate market changes to remain ahead of your competitors
- You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
- The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
- Provision of market value data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market from various perspectives through Porters five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 6-month post-sales analyst support
Customization of the Report
In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.
Chapter Outline
Chapter 1 mainly introduces the statistical
scope of the report, market division standards, and market research methods.
Chapter 2 is an executive
summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Man-portable Anti-armor Weapon Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region from the consumer side and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Man-portable Anti-armor Weapon, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region during the forecast period.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment during the forecast period.
Chapter 13 is the main points and conclusions of the report.
