Anti-Tank Missile System Market Report 2026

The anti-tank missile system market size has grown steadily in recent years. It will grow from $3.11 billion in 2025 to $3.24 billion in 2026 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to growing adoption of anti-tank missile systems to counter advancing armored threats, early development of semi-automatic and automatic guidance technologies to improve strike accuracy, rising integration of composite and explosive reactive armor to enhance missile survivability, expansion of military modernization programs driving procurement of advanced anti-armor systems, increasing use of jammers and countermeasures necessitating improved missile flight and warhead capabilities.

The anti-tank missile system market size is expected to see steady growth in the next few years. It will grow to $3.82 billion in 2030 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to growing demand for next-generation guided missile systems with longer range and higher penetration capability, increasing integration of advanced seekers and autonomous guidance technologies, rising investment in lightweight and portable missile systems for infantry deployment, expansion of defense budgets globally driving procurement of modern anti-tank solutions, technological advancements enabling improved lethality, reduced collateral damage, and enhanced targeting precision. Major trends in the forecast period include rising adoption of man-portable anti-tank missile systems, integration of advanced guidance and targeting technologies, increased deployment of vehicle-mounted missile platforms, growth in semi-automatic and automatic anti-tank systems, expansion of anti-tank missile use in homeland security and border defense.

Increasing defense expenditure is expected to propel the growth of the anti-tank missile system market going forward. Defense expenditure refers to the total financial resources allocated by a state to raising and maintaining its armed forces and other defense-related activities. Higher defense spending significantly influences the adoption and procurement of anti-tank missile systems, as countries with larger defense budgets are more likely to invest in advanced military capabilities, including anti-tank missile systems, to strengthen defense preparedness and deterrence. For instance, in October 2025, according to the UK Parliament's House of Commons Library, a UK-based government administration, defense spending outlined in the 2025 Spending Review is projected to reach USD 83.3 billion (£62.2 billion) in 2025/26, rising to USD 98.2 billion (£73.5 billion) in 2028/29, representing an annual average real-terms growth rate of 3.8% over this period. Therefore, increasing defense expenditure is driving the growth of the anti-tank missile system market.

Major organizations in the anti-tank missile system market are concentrating on testing these systems and solutions to strengthen their defense capabilities and secure a competitive advantage in the defense industry. Flight testing is crucial for assessing how the human element impacts missile flight and for differentiating between aiming errors made by the gunner and inherent inaccuracies in the weapon itself. This testing is essential because anti-tank guided missiles utilize guided flight that incorporates human input in the guidance link, unlike free-flight ballistic trajectories. For example, in August 2024, the Defense Research and Development Organization (DRDO), an Indian government agency, along with the Indian Air Force (IAF), conducted tests on portable anti-tank missiles. This missile system is designed to equip ground forces with an effective tool for engaging and neutralizing armored threats across various combat scenarios. It features advanced guidance technologies to improve accuracy and minimize collateral damage.

In October 2023, the Malaysian Ministry of Defense (MINDEF), a government ministry based in Malaysia, completed the procurement of KaraOK-guided anti-tank missile systems from Roketsan, marking a strategic enhancement in the capabilities of the Malaysian Army. This procurement agreement encompasses the acquisition of eighteen medium-range guided anti-tank missile systems (ATGM). Analysts suggest that these advanced technologies will serve as replacements for the outdated Metis-M equipment that has been in service with the Malaysian Army for the past two decades. Roketsan, a prominent defense contractor headquartered in Turkey, specializes in the manufacture of anti-tank missile systems.

Major companies operating in the anti-tank missile system market are 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.Ş., 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.Ş., Otokar Otomotiv ve Savunma Sanayi A.Ş., CZG - Česká zbrojovka Group SE, Nammo AS, Hirtenberger Defence Systems GmbH, Mectron S.p.A., Eurosam S.A.S.

North America was the largest region in the anti-tank missile system market in 2025. The regions covered in the anti-tank missile system market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have affected the anti-tank missile systems market by increasing the cost of critical components such as guidance systems, propulsion units, and explosive warheads, particularly impacting man-portable and vehicle-mounted systems in regions like North America, Europe, and Asia-Pacific. These increased costs have slowed procurement by defense organizations. On the positive side, tariffs have incentivized local production and research, leading to the development of cost-efficient domestic missile systems with faster deployment capabilities.

The anti-tank missile system market research report is one of a series of new reports that provides anti-tank missile system market statistics, including anti-tank missile system industry global market size, regional shares, competitors with an anti-tank missile system market share, detailed anti-tank missile system market segments, market trends and opportunities, and any further data you may need to thrive in the anti-tank missile system industry. This anti-tank missile system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The anti-tank missile system is a sophisticated and controlled missile system strategically designed for the purpose of eliminating armored vehicles, particularly tanks, in close combat scenarios. It combines the operational advantages found in extensive, crew-operated guided missile systems with the simplicity characteristic of lightweight anti-armor weapons.

There are two primary categories of anti-tank missile systems such as man-portable systems and vehicle-mounted systems. The term "airborne" in this context refers to actions or objects in the air, transported by air, wind, or aircraft. The airborne mobility anti-tank reserve, assigned with the mission to neutralize a concentration of AFU troops, swiftly deployed to the designated area for the assessment and destruction of the specified objectives. Anti-tank missile systems are deployed on both airborne and ground-based platforms, playing a crucial role in defense, homeland security, and various other applications.

The countries covered in the anti-tank missile system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The anti-tank missile system consists of sales of composite or explosive reactive armor, jammersl, semi-automatic, and automatic anti-tank missile systems, guidance system, flight system, engine and warhead. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.