How Does The Anti-Tank Missile System Market Size Estimate Look Like?
The anti-tank missile system market size has grown steadily over the years, rising from $3 billion in 2024 to an estimated $3.12 billion in 2025, at a compound annual growth rate (CAGR) of 4.0%. This growth in the historic period can be attributed to factors such as increasing military expenditures, the cold war arms race, Vietnam War and modernization, the rise of armor-defeating warheads, and the evolution of man-portable systems.
Forecasts suggest that the anti-tank missile system market size will continue to grow, reaching an anticipated $3.68 billion in 2029 at a CAGR of 4.2%. The growth in the forecast period can be attributed to international conflicts and tensions, the integration of artificial intelligence, a rise in urban warfare, the development of next-generation threats, and enhanced survivability and lethality. Advancements in targeting technology, innovation in warhead technology, increased range and lethality, the miniaturization and portability of systems, and the integration of fire-and-forget systems are some of the major trends projected to influence the market in the forecast period.
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What Are The Key Drivers Of The Anti-Tank Missile System Market Growth?
The anti-tank missile system market is seeing growth due to the increase in the number of cross-border conflicts worldwide. The cross-border disputes, whether they arise from resource contests, ethnic or cultural differences, political ideologies, or historical disagreements, have resulted in the increased use of anti-tank missile systems for their effectiveness in demolishing armored vehicles and tanks.
For instance, In January 2024, according to the Global Migration Data Analysis Centre (GMDAC), 75.9 million individuals were living in internal displacement due to conflict, violence, and disasters at the end of 2023. This increase in cross-border conflicts is therefore driving the growth of the anti-tank missile system market.
What Major Segments Does The Global Anti-Tank Missile System Market Cover?
The anti-tank missile system market examined in this report is segmented accordingly:
– By Type: Man-Portable, Vehicle-Mounted
– By Platform: Airborne, Ground-Based
– By Application: Defense, Homeland Security, and Other Applications
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Who Are The Market Players In The Anti-Tank Missile System Industry?
Major companies operating in the anti-tank missile system market include Elbit Systems Ltd., General Dynamics Corporation, Denel Dynamics, Lockheed Martin Corporation, MBDA Missile Systems Inc., KBP Instrument Design Bureau, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Roketsan A.S., BAE Systems, Saab AB, Israeli Military Industries Ltd, Northrop Grumman, EuroSpike GmbH, Thales Group, Bharat Dynamics Limited, Diehl Defence GmbH & Co. KG, Leonardo S.p.A., Nexter Systems, Norinco Group Corporation, Rostec State Corporation, Samsung Techwin Co. Ltd., Korea Aerospace Industries Co. Ltd., Aselsan A.S., Otokar Otomotiv ve Savunma Sanayi A.S., CZG – Ceská zbrojovka Group SE, Nammo AS, Hirtenberger Defence Systems GmbH, Mectron S.p.A., Eurosam S.A.S.
What Are The Emerging Trends In The Anti-Tank Missile System Market?
Major organizations operating in the anti-tank missile system market are focused on testing anti-tank missile systems to bolster their defense capabilities. Flight testing is necessary as anti-tank guided missiles have guided flights with a human element in the guidance link, unlike free-flight ballistic trajectories. For instance, in August 2024, the Defense Research and Development Organization (DRDO) of India and the Indian Air Force tested portable anti-tank missiles.
Which Region Dominates The Anti-Tank Missile System Market Analysis?
North America was the largest region in the anti-tank missile system market in 2024. The anti-tank missile system market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Anti-Tank Missile System Global Market Report 2025 Offer?
The anti-tank missile system comprises a controlled missile system designed to destroy tankers and other armored vehicles in close combat. It combines the advantages of extensive, crew-operated guided missile systems with the simplicity of light anti-armor weapons. The Anti-Tank Missile System Global Market Report 2025 research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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