Man-Portable Anti-Armor Weapons: Global Strategic Business Report

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
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