Man-Portable Rocket Launchers - Global Strategic Business Report

The global market for Man-Portable Rocket Launchers was estimated at US$3.5 Billion in 2024 and is projected to reach US$4.3 Billion by 2030, growing at a CAGR of 3.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Man-Portable Rocket Launchers market.

Global Man-Portable Rocket Launchers Market - Key Trends and Drivers Summarized

Man-portable rocket launchers are lightweight, shoulder-fired weapons designed to engage and destroy armored vehicles, fortified positions, and low-flying aircraft. These systems provide infantry units with significant firepower, allowing them to effectively counter a variety of threats on the battlefield. Typically, man-portable rocket launchers consist of a launcher tube, a targeting mechanism, and a rocket or missile that can be fired and reloaded quickly. Due to their portability and ease of use, these launchers are essential in both conventional and asymmetric warfare, offering a versatile and effective solution for ground forces.

The deployment of man-portable rocket launchers has revolutionized infantry tactics by providing soldiers with the ability to engage heavily armored targets and fortified structures without the need for heavy artillery support. These weapons are particularly valuable in urban warfare and guerilla combat, where mobility and the element of surprise are crucial. Modern man-portable rocket launchers come equipped with advanced targeting systems, including night vision and thermal imaging, which enhance their effectiveness in various operational environments. Additionally, the development of multi-purpose rockets that can penetrate armor, bunkers, and aircraft increases the tactical flexibility of these systems, making them indispensable tools for ground forces.

The growth in the man-portable rocket launchers market is driven by several factors. Firstly, the increasing emphasis on lightweight, mobile weapon systems that can provide substantial firepower in diverse combat scenarios boosts the demand for these launchers. Ongoing geopolitical tensions and conflicts around the world drive the need for versatile and effective infantry weapons. Technological advancements, such as improvements in rocket propulsion, guidance systems, and targeting accuracy, enhance the performance and reliability of man-portable rocket launchers, making them more attractive to military forces. Additionally, the rising focus on modernizing armed forces and enhancing the capabilities of infantry units supports market growth. The growing demand for cost-effective solutions that offer high impact with minimal logistical burden also propels the adoption of man-portable rocket launchers. Lastly, the need for enhanced defense capabilities against asymmetric threats, such as insurgencies and terrorist groups, further fuels the market as nations seek to equip their forces with the means to effectively counter diverse threats.

SCOPE OF STUDY:

The report analyzes the Man-Portable Rocket Launchers market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Type (Shoulder-Launched Rocket Launchers, Tripod-Mounted Rocket Launchers)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Shoulder-Launched Rocket Launchers segment, which is expected to reach US$3.6 Billion by 2030 with a CAGR of a 3.3%. The Tripod-Mounted Rocket Launchers segment is also set to grow at 2.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $949.6 Million in 2024, and China, forecasted to grow at an impressive 6.3% CAGR to reach $877.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Man-Portable Rocket Launchers Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Man-Portable Rocket Launchers Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Man-Portable Rocket Launchers Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as China North Industries Group Corporation Limited (Norinco), Daycraft Systems, Dynamit Nobel Defence GmbH, Instalaza SA, Kyiv Design Bureau 'Luch' and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 49 companies featured in this Man-Portable Rocket Launchers market report include:

• China North Industries Group Corporation Limited (Norinco)
• Daycraft Systems
• Dynamit Nobel Defence GmbH
• Instalaza SA
• Kyiv Design Bureau Luch"
• L3Harris Technologies, Inc.
• Lockheed Martin Corporation
• Nammo AS
• Northrop Grumman Corporation
• Rafael Advanced Defense Systems Ltd.
• RTX - Raytheon
• Saab AB
• SIATT
• Sloboda AD
• Thales Group

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.