"Global Anti-Tank Missile Market – Industry Trends and Forecast to 2028
Global Anti-Tank Missile Market, By Type (Man-Portable and Vehicle-Mounted), Platform (Airborne and Ground-Based), End User (Military and Commercial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the anti-tank missile market would exhibit a CAGR of 4.03% for the forecast period of 2021 to 2028. The introduction of long-range anti-tank missiles and RD investments on the prevailing weapon systems drive the world market.
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Anti-tank missiles are developed to hit and destroy tanks and alternative armoured military vehicles. These weapons vary in size, from portable, tripod-mounted, and shoulder-launched weapons to ground vehicles and aircraft-mounted weapons. These weapons alter the armed troops, ground vehicles, and fighters to counter and defeat the little, medium-sized, and main battle tanks (MBTs), even at bigger ranges.
**Segments**
- **By Type**
- Wire-Guided
- Laser Beam Rider
- Infrared Homing
- Radio-Frequency (RF) Guided
- **By Launch Mode**
- Man-Portable
- Vehicle-Mounted
- Airborne
- **By Range**
- Short-Range
- Medium-Range
- Long-Range
**Market Players**
- Lockheed Martin Corporation
- Raytheon Company
- Rafael Advanced Defense Systems Ltd.
- MBDA
- Saab AB
- BAE Systems
- Thales Group
- Denel Dynamics
- Roketsan A.S.
- KBM
The global anti-tank missile market is segmented based on type, launch mode, and range. In terms of type, the market includes wire-guided, laser beam rider, infrared homing, and radio-frequency (RF) guided missiles. Among these, the wire-guided segment is expected to witness significant growth due to its accuracy and precision targeting capabilities. The launch mode segment consists of man-portable, vehicle-mounted, and airborne systems. Man-portable anti-tank missiles are expected to dominate this segment owing to their versatility and ease of deployment. Furthermore, based on range, the market is categorized into short-range, medium-range, and long-range missiles. With increasing emphasis on enhancing battlefield capabilities, the demand for long-range anti-tank missiles is anticipated to surge in the coming years.
Major players in the anti-tank missile market include Lockheed Martin Corporation, Raytheon Company, Rafael Advanced Defense Systems Ltd., MBDA, Saab AB, BAE Systems, Thales Group, Denel Dynamics, Roketsan A.S., and KBM. These companies are focusing on strategic collaborations, product innovations, and new product launches to strengthen their market position. For instance, Lockheed Martin Corporation recently introduced the Javelin F-Model, a portable anti-tank missile system with extended range and advanced targetingThe global anti-tank missile market is witnessing steady growth driven by increasing defense budgets, rising security concerns, and the need for advanced weaponry to combat modern threats. Technological advancements in missile guidance systems, propulsion, and warhead capabilities are further enhancing the effectiveness and precision of anti-tank missiles. The market is highly competitive with major players investing in research and development to develop cutting-edge solutions that cater to evolving defense requirements.
One of the key trends shaping the market is the shift towards precision-guided anti-tank missiles that offer improved targeting accuracy and reduced collateral damage. Wire-guided missiles, in particular, are gaining traction due to their ability to be guided by operators onto specific targets, making them ideal for engaging armored vehicles and fortified positions with high precision. Laser beam rider and infrared homing missiles are also being deployed for their ability to track and engage targets based on laser designation and heat signatures, respectively.
In terms of launch mode, man-portable anti-tank missiles are widely used by infantry units for their portability, flexibility, and ease of operation in various combat scenarios. Vehicle-mounted anti-tank missiles provide armored vehicles with long-range standoff capabilities, enhancing their survivability on the battlefield. Airborne anti-tank missiles, deployed on helicopters and unmanned aerial vehicles, offer rapid response and enhanced battlefield surveillance, making them a crucial asset for modern warfare operations.
The market for long-range anti-tank missiles is witnessing significant growth as militaries seek to engage targets at extended distances with precision and lethality. These missiles, equipped with advanced guidance systems and propulsion technologies, are capable of engaging heavily armored targets and fortified emplacements with high accuracy, making them indispensable assets for modern land warfare operations.
Key market players such as Lockheed Martin Corporation, Raytheon Company, and Rafael Advanced Defense Systems Ltd. are investing in the development of next-generation anti-tank missile systems with enhanced range, lethality, and target acquisition capabilities. Collaborations between defense manufacturers and government agencies are also driving innovation in the field of anti-tank missiles, leading to the introduction of**Global Anti-Tank Missile Market Analysis**
- *Global Anti-Tank Missile Market, By Type (Man-Portable and Vehicle-Mounted)*
- *Platform (Airborne and Ground-Based)*
- *End User (Military and Commercial)*
- *Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.*
The global anti-tank missile market is witnessing substantial growth due to the increasing demand for advanced weaponry systems to address evolving security threats worldwide. Key market segments such as wire-guided, laser beam rider, infrared homing, and radio-frequency (RF) guided missiles are driving market expansion through their precision targeting capabilities. Among these segments, the wire-guided missiles are expected to experience significant growth, attributed to their accuracy in engaging armored vehicles and fortified positions.
In terms of launch mode, man-portable anti-tank missiles are dominating the market due to their versatility and ease of deployment by infantry units in various combat scenarios. Additionally, vehicle-mounted anti-tank missiles are being widely deployed to provide armored vehicles with enhanced target engagement capabilities, thereby boosting their survivability
Key points covered in the report: -
- The pivotal aspect considered in the global Anti-Tank Missile Market report consists of the major competitors functioning in the global market.
- The report includes profiles of companies with prominent positions in the global market.
- The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.
- The driving factors for the growth of the global Anti-Tank Missile Market are thoroughly explained along with in-depth descriptions of the industry end users.
- The report also elucidates important application segments of the global market to readers/users.
- This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.
- The experts also evaluate the export/import policies that might propel the growth of the Global Anti-Tank Missile Market.
- The Global Anti-Tank Missile Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.
What to Expect from the Report, a 7-Pointer Guide
- The Anti-Tank Missile Market report dives into the holistic Strategy and Innovation for this market ecosystem
- The Anti-Tank Missile Market report keenly isolates and upholds notable prominent market drivers and barriers
- The Anti-Tank Missile Market report sets clarity in identifying technological standardization as well as the regulatory
- framework, besides significantly assessing various implementation models besides evaluation of numerous use cases
- The Anti-Tank Missile Market report is also a rich repository of crucial information across the industry, highlighting details on novel investments as well as stakeholders and relevant contributors and market participants.
- A through market analytical survey and forecast references through the forecast tenure, encapsulating details on historical developments, concurrent events as well as future growth probability
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