Global Man-portable Anti-armor Weapons Market Trends,Forecast to 2025

Posted by Arslan on December 24th, 2018

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Man-portable Anti-armor Weapons Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

The rapid escalation in the defense budgets across the globe and the need to strengthen the respective armed forces, the defense forces are investing huge amounts in the research and development of latest and robust ammunitions and weaponries. This factor has led the defense contractors to innovate and develop new lightweight, guided and unguided, man-portable anti-armor weapons as well as upgrade the existing weapons. These weapons are used against heavily armored weaponries such as main battle tanks, aircrafts and armored vehicles, sometimes against incoming missiles too. The anti-armor weapons are highly effective in destroying the intended targets, moving as well as static targets.

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The major factor boosting the market for man-portable anti-armor weapons is the extensive research and development in the defense industry across the world. In recent times, the defense budgets across the globe has increased significantly, which has led the defense forces in the developed countries and developing countries to invest heavily in the research and development of the modern lightweight anti-armor weapons. In addition, the demand for lightweight, highly effective weapons is also increasing among the armed forces as they can be easily transported by a soldier or a group of soldiers to any particular place to target the enemy armored vehicles or tanks. The demand for lightweight anti-armor weapons among the global defense forces is expected to bolster the man-portable anti-armor weapons market.

The market for man-portable anti-armor weapons is poised to grow over the period due to various reasons, however is affected by the malfunction of the launchers. The malfunction of the launchers causes disruptions in the flight of the projectiles which hampers the flight. This is a major concern for the manufacturers as well as the infantries across the globe. The risk of malfunction of the launchers is limiting the defense forces to adopt the man-portable anti-armor weapons which in turn is inhibiting the market to grow over the years.

The report on man-portable anti-armor weapons market segments the market on basis of types, technology and geography. The various types of man-portable anti-armor weapons widely used by the defense forces across the globe are anti-aircraft missiles, rocket propelled grenades, anti-tank missiles, and recoilless rifles. The rocket propelled grenades contributed the maximum market share in 2016, due to their enhanced capability to destroy the enemy main battle tanks, and aircrafts. This capability of rocket propelled grenades have increased the demand for anti-armor weapons among the defense forces across the globe which in turn led the segment to dominate the market in 2016. The fastest growing type segment is estimated to be the recoilless rifles, growing at a significant CAGR during the forecast period from 2017 to 2025.

The recoilless rifles are heavily used by the armed forces against any armored vehicles, tanks and low flying aircrafts. The projectiles fired from recoilless rifles travels at a faster speed than any other anti-armor weapons. Moreover, the recoilless rifles are lightweight and are highly effective against any armored tanks, and armored vehicles. The lightweight armor piercing weapons is being heavily adopted by the military forces across the globe in order to strengthen their armed forces.