Man Portable Anti Tank System Market Report 2025

The man-portable anti-tank system market size has grown strongly in recent years. It will grow from $4.08 billion in 2024 to $4.34 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth during the historic period can be attributed to the rise in military modernization initiatives, increased demand for portable anti-armor solutions, the escalation of cross-border conflicts, the enhancement of infantry capabilities, and the surge in defense expenditures by emerging economies.

The man-portable anti-tank system market size is expected to see strong growth in the next few years. It will grow to $5.55 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period can be linked to increasing investments in next-generation weapon systems, a rising demand for lightweight and precise anti-tank solutions, heightened emphasis on enhancing soldier lethality, expanded procurement of advanced man-portable systems, and escalating geopolitical tensions and security concerns. Key trends expected during this period include innovations in guidance and targeting technologies, the integration of artificial intelligence into fire control systems, the development of reusable and multi-target launchers, progress in miniaturization and weight reduction, and ongoing research and development in smart munitions.

The growing geopolitical tensions are expected to drive the expansion of the man-portable anti-tank system market in the near future. Geopolitical tensions arise from strained or hostile relations between countries or regions, often due to political, territorial, or strategic disputes, leading to heightened security concerns and increased military preparedness. These tensions are escalating as territorial conflicts intensify, prompting nations to bolster their defense capabilities and maintain stronger military readiness. Man-portable anti-tank systems play a crucial role in such environments by enabling forces to neutralize enemy armored vehicles, increase infantry mobility, and deter tank advances. For example, the Armed Conflict Location and Event Data Project (ACLED), a U.S.-based non-profit organization, reported in January 2023 that global violence targeting civilians rose by 12% in 2022 compared to the previous year, with fatalities from direct attacks increasing by at least 16%. Consequently, the rise in geopolitical tensions is contributing to the growth of the man-portable anti-tank system market.

Key companies operating in this market are focusing on the development of advanced technologies, such as lightweight fire-and-forget guided missile systems, to improve mobility, precision, and tactical flexibility in close combat operations. These systems are shoulder-launched weapons designed to automatically track and destroy armored targets after launch, without requiring further guidance, while being portable enough for use by individual soldiers. In April 2022, Roket Sanayii ve Ticaret A.Ş., a weapons manufacturer based in Turkey, introduced the KARAOK anti-tank missile. This lightweight, shoulder-fired weapon is designed for the special forces and elite units of the Turkish Armed Forces, offering advanced fire-and-forget capabilities. It features a 2.5-kilometer range, an infrared seeker, and an armor-piercing tandem warhead, enhancing the effectiveness of infantry units against armored threats.

In January 2024, MBDA Holdings SAS, a missile systems manufacturer headquartered in France, entered into a partnership with Saab AB to strengthen military capabilities amid rising threats from high-intensity conflicts. The collaboration focuses on jointly developing and integrating advanced anti-tank and air defense systems by leveraging the technological strengths of both companies. The partnership aims to expand capabilities in next-generation guided weaponry to meet the demands of evolving combat environments and improve defense interoperability across Europe. Saab AB is a defense and security company based in Sweden that produces a variety of advanced systems, including man-portable anti-tank systems (MANPATS).

Major players in the man portable anti tank system market are Raytheon Technologies Corporation, Lockheed Martin Corporation, China North Industries Corporation, BAE Systems Public Limited Company, Thales Group, Singapore Technologies Engineering Limited, Rheinmetall AG, Hanwha Aerospace Company Limited, MBDA, Saab Aktiebolag, Rafael Advanced Defense Systems Limited, Matra BAE Dynamics Alenia Missile Systems, Defence Research and Development Organisation, Roketsan Roket Sanayii ve Ticaret Anonim Şirketi, Nammo Aktiebolag, Denel Dynamics, Bharat Dynamics Limited, Nexter Systems Group, EuroSpike Gesellschaft mit beschränkter Haftung, and KBP Instrument Design Bureau.

North America was the largest region in the man portable anti tank system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in man portable anti-tank system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the man portable anti-tank system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.

A man-portable anti-tank system is a lightweight, shoulder-fired weapon intended for individual soldiers to engage and destroy armored targets such as tanks, armored vehicles, and fortified positions. These systems integrate advanced targeting technology with high-powered warheads, allowing ground troops to act independently across various combat scenarios while retaining the capability to eliminate high-value targets with both precision and mobility.

The primary categories of man-portable anti-tank systems include guided missile systems, unguided missile systems, rocket systems, anti-tank grenades, and others. Guided missile systems utilize navigation and targeting technologies for accurate strikes on armored threats, whereas unguided missile systems depend on fixed flight paths and operator direction. Core components of these systems include launchers, ammunition, and fire control units, with operational ranges classified as short, medium, or long. These systems are deployed on platforms such as infantry units, special forces, and others, and are utilized by a range of end users including the military, paramilitary forces, defense contractors, civilians, and others.

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

The man portable anti-tank system market consists of sales of targeting units, control systems, fire-and-forget guided missiles, thermal imaging systems, and training simulators. 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 and 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.

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