What is Global Man-portable Anti-armor Weapon Market?
The Global Man-portable Anti-armor Weapon Market is a vast and dynamic sector that encompasses a variety of portable weapon systems designed to counter armored vehicles. These weapons are lightweight and can be carried by a single person, making them highly versatile and effective in various combat scenarios. The market includes a wide range of products, from anti-tank rifles and rocket-propelled grenades to recoilless rifles and anti-aircraft missiles. The value of this market was estimated at US$ 4438.6 million in 2023, and it's expected to grow significantly in the coming years.
Anti-aircraft Missiles, Rocket Propelled Grenades, Anti-tank Rifles, Recoilless Rifles in the Global Man-portable Anti-armor Weapon Market:
The Global Man-portable Anti-armor Weapon Market includes several types of weapons. Anti-aircraft missiles are designed to target and destroy enemy aircraft, providing a critical line of defense against aerial threats. Rocket Propelled Grenades (RPGs) are versatile weapons that can be used against both armored vehicles and infantry. Anti-tank rifles are specifically designed to penetrate the armor of tanks and other armored vehicles. Recoilless rifles are lightweight, man-portable weapons that can fire large caliber projectiles without the significant recoil typically associated with such weapons. Each of these weapon types plays a crucial role in modern warfare, contributing to the overall value and growth of the market.
Defense, Homeland Security in the Global Man-portable Anti-armor Weapon Market:
The Global Man-portable Anti-armor Weapon Market plays a crucial role in both defense and homeland security. In the defense sector, these weapons are used by military forces around the world to counter a variety of threats, from enemy tanks and armored vehicles to aircraft and fortified positions. They provide soldiers with the firepower they need to engage and defeat these threats effectively. In the realm of homeland security, man-portable anti-armor weapons can be used by law enforcement and security forces to respond to a range of scenarios, from terrorist attacks to civil unrest. Their portability and firepower make them a valuable tool in these contexts.
Global Man-portable Anti-armor Weapon Market Outlook:
Looking at the market outlook for the Global Man-portable Anti-armor Weapon Market, it's clear that this sector is set for significant growth. In 2023, the market was valued at US$ 4438.6 million. However, it's projected to reach a value of US$ 6057.2 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period from 2024 to 2030. This growth is driven by a variety of factors, including ongoing military conflicts around the world, the continuing threat of terrorism, and the need for effective tools to counter these threats.
| Report Metric | Details |
| Report Name | Man-portable Anti-armor Weapon Market |
| Accounted market size in 2023 | US$ 4438.6 million |
| Forecasted market size in 2030 | US$ 6057.2 million |
| CAGR | 4.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | General Dynamics Corporation, MBDA Missiles Systems, Thales Group, Lockheed Martin Corporation, Raytheon Company. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
