The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

An Increase in Defense Budgets Propels Market Growth

• Global military spending surpasses $2 trillion in April 2022.
• Spending rises for the seventh consecutive year, with notable increases in Russia and China.
• Increased defense budgets facilitate the implementation of costly missile defense systems, driving market growth.

High-Firepower Weapon System Transforms The Market

Introduction of Advanced Weapon Systems

• Major companies focus on developing high-firepower weapon systems.
• MBDA Missile Systems introduces the MPCV/MMP anti-tank guided missile weapon station.
• True Velocity’s acquisition of LoneStar Future Weapons enhances military innovation in lightweight ammunition.

Read The Full Man-Portable Anti-Armor Weapons Market Report Here:
https://www.thebusinessresearchcompany.com/report/man-portable-anti-armor-weapons-global-market-report

Segmentation and Regional Analysis

Market Segmentation

• Types: Anti-Aircraft Missiles, Rocket Propelled Grenades, Anti-Tank Rifles, Recoilless Rifle.
• Technology: Guided Weapons, Unguided Weapons.
• Applications: Homeland Security, Defense.

Regional Analysis

• North America leads the market in 2023.
• Asia-Pacific expected to witness the fastest growth.

Major Players in the Market

Key Companies Driving Market Growth

• Lockheed Martin Corporation
• Bharat Dynamics Limited
• General Dynamics Corporation
• Saab AB
• Raytheon Company
• Thales Group
• BAE Systems PLC
• MBDA Holdings SAS
• Konstruktorskoye Byuro Mashynostroyeniya (KBM)
• Nammo AS
• Rostec State Corporation
• Northrop Grumman
• Bioquell Ltd.
• HDT Global Inc.
• AirBoss Defense Group
• Blucher GMBH
• FLIR Systems Inc.

Future Trends and Forecasts

Anticipated Market Growth

• Strong growth projected from 2023 to 2024, with a CAGR of 6.4%.
• Expected growth to $7.7 billion by 2028 at a CAGR of 6.3%.
• Emerging trends include regulatory factors, cost-efficiency, and integration of smart technologies.

Conclusion
The man-portable anti-armor weapons market is witnessing significant growth driven by increasing defense budgets, technological advancements, and rising security concerns. Major players are introducing innovative high-firepower weapon systems to meet evolving defense requirements. With ongoing geopolitical tensions and the need for precision and versatility, the market is poised for continued expansion in the coming years, particularly in the Asia-Pacific region. As governments prioritize defense spending and invest in modernization, the demand for man-portable anti-armor weapons is expected to remain robust, offering lucrative opportunities for market players.

Get A Free Sample On The Global Man-Portable Anti-Armor Weapons Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=9364&type=smp

 The Man-Portable Anti-Armor Weapons Global Market Report 2024  provides an overview of the man-portable anti-armor weapons market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The man-portable anti-armor weapons market forecast analyzes man-portable anti-armor weapons market size, man-portable anti-armor weapons market share, leading competitor and their market positions.

Explore Similar Reports From The Business Research Company:
Light Weapons Global Market Report 2024
Autonomous Military Weapons Global Market Report 2024
Smart Weapons Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: