The Man Portable Anti Armor Weapons Market is anticipated to grow at a CAGR of about 5.5%. The international market for weapons is extremely active. The military shoulder weapon remains the primary infantry weapon and the single most common class within any armed force. At the same time, the continuing uncertainty of national defense budgets has caused missile manufacturers to look to the export market to sustain the profitability of their programs.
As combat operations continue to demonstrate, the man-portable anti-armor weapon remains a particularly significant asset on the modern asymmetric battlefield. The role of the man-portable anti-armor weapon continues to morph from a dedicated anti-tank weapon to a general-purpose fire support asset for light and medium forces. Basically they are unguided weapons and are a threat to armored vehicles, low-flying aircraft and field fortifications.
Capability of sustaining a high rate of fire, improved lethality and irregular warfare are some of the major challenges for the Man Portable Anti Armor Weapons Market.
Nevertheless, the demand for man portable anti armor weapons has increased at a steady pace in the past decade, mainly due to the rise in defense budgets of developed as well as developing economies. Also, the rising demand for lightweight anti armor weapons has encouraged vast developments in the areas of weapon technology and design. Technological advancement is expected to remain one of the key force to guide the development of the man portable anti armor weapons market during the forecast period.
Man Portable Anti Armor Weapons Market: Revenue in USD million, Global, 2016 - 2023
Source: Mordor Intelligence Analysis
Key Players: Lockheed Martin Corporation, Bharat Dynamics Limited, General Dynamics Corporation, Saab AB, Thales Group, amongst others.
October 2017: The Brazilian Army placed an order for RBS 70 Very Short Range Air Defense systems developed by Saab. The deliveries are scheduled to begin by the end of 2018.
January 2018: Israel Defense Forces signed an agreement with Rafael Advanced Defense Systems for the acquisition of light-weight shoulder-fired rocket launchers to be used by Israeli army’s infantry units.
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1.1 Scope of Study
1.2 Market Definition
1.3 Executive Summary
2. Reseach Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Phases
3. Market Insights
3.1 Current Market Scenario
3.2 Technology Trends
3.3 Industry Attractiveness - Porter's Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the industry
4. Market Dynamics
4.2.1 Development of practical rocketry
4.2.2 Growing Military Operations
4.2.3 Increased cost
4.3.1 Irregular warfare
4.3.2 High cost pressures
4.3.3 Single use Weapons
4.3.4 Environmental Hazards
4.3.5 Lack of skilled personals
4.4.1 Technological Developments
4.4.2 Addition of Night Sights
4.4.3 Emergence of advanced Anti-Armor Weapons with increased lethality
5. Man Portable Anti Armor Weapons Market, Segmented By Type
5.1 Anti-aircraft missiles
5.2 Anti-tank missiles
5.3 Rocket propelled grenades
5.4 Recoilless rifles
6. Man Portable Anti Armor Weapons Market, Segmented By Geography
6.1 North America
6.4 Rest of the World
7. Competitive Landscape
7.2 Market Share Analysis
8. Company Profiles
8.1 Saab AB
8.2 BAE Systems
8.3 Raytheon Company
8.4 Lockheed Martin Corporation
8.5 Airbus S.A.S.
8.6 Thales Group
8.7 Leonardo S.p.A
8.8 General Dynamics Corporation
8.9 Textron Inc.
8.10 NEXTER Group
8.11 Bharat Dynamics Limited
8.12 KONSTRUKTORSKOYE BYURO MASHYNOSTROYENIYA
9. Future Market Outlook