Global Man-Portable Anti-Armor Weapons Market to Reach $7.3 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Man-Portable Anti-Armor Weapons estimated at US$5.2 Billion in the year 2020, is projected to reach a revised size of US$7.3 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Rocket Propelled Grenades, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$3.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Anti-Aircraft Missiles segment is readjusted to a revised 5% CAGR for the next 7-year period.The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 4.8% CAGR
The Man-Portable Anti-Armor Weapons market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.Recoilless Rifles Segment to Record 6.5% CAGR
In the global Recoilless Rifles segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$719.2 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.Select Competitors (Total 41 Featured) -
- BAE Systems PLC
- Bharat Dynamics Limited
- General Dynamics Corporation
- Konstruktorskoye Byuro Mashynostroyeniya
- Lockheed Martin Corporation
- MBDA Missile Systems
- Nammo AS
- Raytheon Company
- SAAB AB
- Thales Group
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and a Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 244 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 5.2 Billion |
Forecasted Market Value ( USD | $ 7.3 Billion |
Compound Annual Growth Rate | 5.0% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
A selection of companies mentioned in this report includes:
- BAE Systems PLC
- Bharat Dynamics Limited
- General Dynamics Corporation
- Konstruktorskoye Byuro Mashynostroyeniya
- Lockheed Martin Corporation
- MBDA Missile Systems
- Nammo AS
- Raytheon Company
- SAAB AB
- Thales Group