Product Code: 22247
The Global Man Portable Anti-Armor Weapons Market, valued at USD 23.94 Billion in 2024, is projected to experience a CAGR of 5.21% to reach USD 32.47 Billion by 2030. Man Portable Anti-Armor Weapons (MPAAW) encompass shoulder-fired military systems such as missiles, rockets, and recoilless rifles designed for infantry to engage and neutralize armored vehicles, fortified positions, and occasionally low-flying aircraft. The market's expansion is primarily driven by increasing global defense budgets, escalating geopolitical tensions, and ongoing military modernization initiatives aimed at countering evolving threats.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 23.94 Billion |
| Market Size 2030 | USD 32.47 Billion |
| CAGR 2025-2030 | 5.21% |
| Fastest Growing Segment | Anti-Aircraft Missiles |
| Largest Market | North America |
Key Market Drivers
The Global Man Portable Anti-Armor Weapons Market is significantly influenced by two primary drivers: rising global defense budgets and escalating geopolitical tensions and conflicts. Increased defense spending enables nations to invest in advanced weaponry, including man portable anti-armor systems, to enhance their military capabilities. This budgetary expansion allows for the procurement of modern, more effective solutions to counter evolving threats and modernize existing arsenals.
Key Market Challenges
The elevated development and production costs associated with advanced Man Portable Anti-Armor Weapons (MPAAW) systems directly impede the growth of the global market. These substantial expenditures restrict the widespread accessibility and adoption of state-of-the-art anti-armor capabilities, particularly for nations with constrained defense procurement budgets. Such high financial barriers mean that despite increasing global defense budgets and geopolitical tensions, many countries face significant challenges in investing in the latest technologies.
Key Market Trends
A significant trend driving the Global Man Portable Anti-Armor Weapons Market is the advancement of precision guidance and targeting systems. These innovations incorporate sophisticated sensors, refined guidance algorithms, and improved targeting mechanisms to achieve heightened accuracy and reduce collateral damage. This technological evolution supports systems capable of "fire-and-forget" and "fire, observe and update" modes, affording operators increased flexibility.
Key Market Players
- AirTronic USA Inc.
- Bharat Dynamics Limited
- China Ordnance Industries Group Corporation Limited
- LIG Nex1 Co. Ltd
- Lockheed Martin Corporation
- MBDA
- MKE Kurumu
- Nammo AS
- RTX Corporation
- Roketsan Roket Sanayii ve Ticaret AS
Report Scope:
In this report, the Global Man Portable Anti-Armor Weapons Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Man Portable Anti-Armor Weapons Market, By Type:
- Anti-Aircraft Missiles
- Anti-tank Rifles
- Recoilless Rifles
- Rocket Propelled Grenades
Man Portable Anti-Armor Weapons Market, By Modes:
- Light Anti-Tank Weapons
- Medium Anti-Tank Weapons
- Heavy Anti-Tank Weapons
Man Portable Anti-Armor Weapons Market, By Technology:
- Guided Weapons
- Unguided Weapons
Man Portable Anti-Armor Weapons Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Man Portable Anti-Armor Weapons Market.
Available Customizations:
Global Man Portable Anti-Armor Weapons Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Man Portable Anti-Armor Weapons Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Anti-Aircraft Missiles, Anti-tank Rifles, Recoilless Rifles, Rocket Propelled Grenades)
- 5.2.2. By Modes (Light Anti-Tank Weapons, Medium Anti-Tank Weapons, Heavy Anti-Tank Weapons)
- 5.2.3. By Technology (Guided Weapons, Unguided Weapons)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
- 5.3. Market Map
6. North America Man Portable Anti-Armor Weapons Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Modes
- 6.2.3. By Technology
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Man Portable Anti-Armor Weapons Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By Modes
- 6.3.1.2.3. By Technology
- 6.3.2. Canada Man Portable Anti-Armor Weapons Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By Modes
- 6.3.2.2.3. By Technology
- 6.3.3. Mexico Man Portable Anti-Armor Weapons Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By Modes
- 6.3.3.2.3. By Technology
7. Europe Man Portable Anti-Armor Weapons Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Modes
- 7.2.3. By Technology
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Man Portable Anti-Armor Weapons Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Modes
- 7.3.1.2.3. By Technology
- 7.3.2. France Man Portable Anti-Armor Weapons Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Modes
- 7.3.2.2.3. By Technology
- 7.3.3. United Kingdom Man Portable Anti-Armor Weapons Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Modes
- 7.3.3.2.3. By Technology
- 7.3.4. Italy Man Portable Anti-Armor Weapons Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By Modes
- 7.3.4.2.3. By Technology
- 7.3.5. Spain Man Portable Anti-Armor Weapons Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By Modes
- 7.3.5.2.3. By Technology
8. Asia Pacific Man Portable Anti-Armor Weapons Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Modes
- 8.2.3. By Technology
- 8.2.4. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Man Portable Anti-Armor Weapons Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Modes
- 8.3.1.2.3. By Technology
- 8.3.2. India Man Portable Anti-Armor Weapons Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Modes
- 8.3.2.2.3. By Technology
- 8.3.3. Japan Man Portable Anti-Armor Weapons Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Modes
- 8.3.3.2.3. By Technology
- 8.3.4. South Korea Man Portable Anti-Armor Weapons Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Modes
- 8.3.4.2.3. By Technology
- 8.3.5. Australia Man Portable Anti-Armor Weapons Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Modes
- 8.3.5.2.3. By Technology
9. Middle East & Africa Man Portable Anti-Armor Weapons Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Modes
- 9.2.3. By Technology
- 9.2.4. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Man Portable Anti-Armor Weapons Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Modes
- 9.3.1.2.3. By Technology
- 9.3.2. UAE Man Portable Anti-Armor Weapons Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Modes
- 9.3.2.2.3. By Technology
- 9.3.3. South Africa Man Portable Anti-Armor Weapons Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Modes
- 9.3.3.2.3. By Technology
10. South America Man Portable Anti-Armor Weapons Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Modes
- 10.2.3. By Technology
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Man Portable Anti-Armor Weapons Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Modes
- 10.3.1.2.3. By Technology
- 10.3.2. Colombia Man Portable Anti-Armor Weapons Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Modes
- 10.3.2.2.3. By Technology
- 10.3.3. Argentina Man Portable Anti-Armor Weapons Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Modes
- 10.3.3.2.3. By Technology
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Man Portable Anti-Armor Weapons Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. AirTronic USA Inc.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Bharat Dynamics Limited
- 15.3. China Ordnance Industries Group Corporation Limited
- 15.4. LIG Nex1 Co. Ltd
- 15.5. Lockheed Martin Corporation
- 15.6. MBDA
- 15.7. MKE Kurumu
- 15.8. Nammo AS
- 15.9. RTX Corporation
- 15.10. Roketsan Roket Sanayii ve Ticaret AS
16. Strategic Recommendations
17. About Us & Disclaimer