Manned Anti-Tank Guided Missile Systems - Global Strategic Business Report

The global market for Manned Anti-Tank Guided Missile Systems was valued at US$342.2 Million in 2024 and is projected to reach US$414.1 Million 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 Manned Anti-Tank Guided Missile Systems market.

Global Manned Anti-Tank Guided Missile (ATGM) Systems Market - Key Trends & Drivers Summarized

Why Are Manned ATGM Systems Still Relevant Amid Advancements in Unmanned and Precision Warfare?

Manned anti-tank guided missile (ATGM) systems remain a vital component of modern land-based defense strategies, even as autonomous systems and drone warfare gain prominence. These systems provide infantry and armored units with the tactical ability to destroy enemy tanks, armored personnel carriers, bunkers, and low-flying helicopters using line-of-sight or fire-and-forget guidance. Manned ATGMs offer critical flexibility on the battlefield, allowing forward-deployed troops to neutralize high-value targets at standoff distances, often without requiring air or artillery support.

Despite the growth of unmanned and networked munitions, manned ATGMs offer advantages in cost, portability, and operational control, especially in irregular warfare or contested environments where GPS signals may be jammed or air dominance is uncertain. Systems such as the U.S. FGM-148 Javelin, Russia’s 9M133 Kornet, and Israel’s Spike family provide advanced imaging seekers, tandem-charge warheads, and platform integration options - making them indispensable to infantry battalions, special forces, and mobile anti-armor units. Their continued use across theaters from Ukraine to the Middle East demonstrates their relevance in both conventional and asymmetric conflicts.

How Are Technological Upgrades Enhancing Accuracy, Lethality, and Crew Survivability?

Next-generation manned ATGM systems are undergoing significant enhancements in guidance, propulsion, and warhead design. Modern variants now offer multiple guidance modes including infrared homing, laser beam riding, and fiber-optic control, allowing operators to engage targets in complex terrain, under adverse weather, or during electronic warfare conditions. Fire-and-forget capability, where the operator can disengage immediately after launch, greatly enhances survivability and reduces target acquisition time during mobile operations.

Warhead configurations are becoming increasingly sophisticated, with tandem shaped charges designed to defeat explosive reactive armor (ERA) and penetration-enhanced explosives for reinforced bunkers. Propulsion systems have been improved for extended range - often exceeding 4,000 meters - allowing launch from safer distances. Many manned ATGMs are now mounted on light tactical vehicles, remote weapon stations, and infantry fighting vehicles (IFVs) for greater mobility and reduced crew exposure. Thermal sights, digital targeting modules, and battlefield networking integration are also elevating target discrimination, hit probability, and real-time coordination with allied assets.

Which Operational Scenarios and Military Modernization Programs Are Sustaining Demand?

The continued relevance of manned ATGM systems is evident across a variety of operational contexts - from armored thrusts and static defense to counter-insurgency and urban warfare. In high-intensity combat zones, these systems are deployed to ambush advancing armor columns or defend strategic chokepoints. In asymmetric warfare scenarios, manned ATGMs allow lightly equipped forces to counter enemy armor or fortified positions effectively, even with minimal logistical support. Their ability to operate in GPS-denied, electronically contested environments enhances their versatility across doctrinal landscapes.

Globally, military modernization programs are including ATGMs as standard equipment for ground forces. NATO members are replacing legacy wire-guided systems with shoulder-launched or vehicle-mounted fire-and-forget missiles. In Asia-Pacific, countries such as India, South Korea, and Taiwan are upgrading or indigenizing ATGM capabilities in response to regional tensions. The Middle East and North Africa remain active buyers of manned ATGM systems due to persistent security threats and armored clashes. Additionally, defense exports from major arms-producing nations continue to fuel the global proliferation of both top-tier and cost-effective second-line ATGMs.

What Is Driving Continued Growth in the Manned ATGM Systems Market Despite Shifting Warfare Paradigms?

The growth in the manned ATGM systems market is driven by strategic, operational, and procurement-level imperatives. One primary driver is the enduring threat posed by armored platforms in both conventional and hybrid conflicts. While drone and loitering munitions attract greater media focus, ATGMs provide immediate, ground-based response capabilities that are less susceptible to cyber jamming, electronic disruption, or weather interference. Their tactical simplicity, battlefield reliability, and multi-role effectiveness continue to justify investment by defense ministries worldwide.

Geopolitical instability and regional arms races are prompting countries to diversify their anti-armor inventories, often favoring ATGMs for their cost-efficiency and force-multiplier value. Additionally, ATGM manufacturers are adopting modularity in design, allowing easy upgrades of guidance units, warhead payloads, and launch platforms. Export variants tailored for budget-constrained militaries are expanding market penetration in Africa, Eastern Europe, and South America. The evolving threat of armored drones and robotic ground vehicles is also prompting the adaptation of ATGMs for new target profiles.

Defense innovation is further fueling interest, with R&D focused on counter-active protection system (APS) capabilities, AI-assisted targeting, and man-portable swarm tactics. The transition toward hybrid warfare scenarios - where irregular and state forces operate side-by-side - ensures continued relevance for rugged, mobile, and lethal manned ATGM systems that operate with minimal support infrastructure. As global security doctrines balance high-tech deterrence with proven kinetic options, manned ATGMs will remain an integral part of battlefield strategy and force modernization initiatives.

Report Scope

The report analyzes the Manned Anti-Tank Guided Missile Systems market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Missile Type (Tube-Launched, Optically-Tracked, Wire-Guided, Missile Moyenne Portée, Javelin, FGM-148 Javelin, Other Missile Types); Firing Platform (Vehicle-Mounted, Man-Portable); End-User (Military, Homeland Security).

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 Tube-Launched Missile segment, which is expected to reach US$111.2 Million by 2030 with a CAGR of a 4.1%. The Optically-Tracked Missile segment is also set to grow at 2.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $93.2 Million in 2024, and China, forecasted to grow at an impressive 6.2% CAGR to reach $82.4 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 Manned Anti-Tank Guided Missile Systems 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 Manned Anti-Tank Guided Missile Systems 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 Manned Anti-Tank Guided Missile Systems 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 BAE Systems plc, Boeing Defense, Space & Security, Denel Dynamics, Elbit Systems Ltd., General Dynamics Corporation and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 44 companies featured in this Manned Anti-Tank Guided Missile Systems market report include:

• BAE Systems plc
• Boeing Defense, Space & Security
• Denel Dynamics
• Elbit Systems Ltd.
• General Dynamics Corporation
• Hanwha Aerospace
• Israel Aerospace Industries Ltd.
• KBP Instrument Design Bureau
• Kongsberg Defence & Aerospace
• Lockheed Martin Corporation
• Luch Design Bureau
• MBDA
• Nexter Systems
• Northrop Grumman Corporation
• Rafael Advanced Defense Systems
• Raytheon Missiles & Defense
• Rheinmetall AG
• Roketsan A.S.
• Saab AB
• Thales Group

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What's Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry