Anti-Tank Rifles Market Report 2025

The anti-tank rifles market size has grown strongly in recent years. It will grow from $3.31 billion in 2024 to $3.58 billion in 2025 at a compound annual growth rate (CAGR) of 8%. The historic period's growth can be attributed to increasing cross-border military conflicts, growing demand for portable anti-armor capabilities, rising asymmetric warfare scenarios, increasing deployment in special forces units, rising investments in border security operations, and increasing availability of surplus and retro-modernized units.

The anti-tank rifles market size is expected to see strong growth in the next few years. It will grow to $4.8 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The forecast period growth is driven by a rising emphasis on cost-effective anti-armor alternatives, increased demand for multi-role infantry weapons, greater use in urban combat scenarios, the expanding threat of hybrid warfare and non-state militias, as well as escalating cross-border tensions and regional conflicts. Key trends anticipated in this period include the development of long-range precision capabilities, integration of real-time target acquisition networks, innovation in stealth firing mechanisms, advancements in modular rifle configurations, emergence of multi-caliber rifle platforms, and incorporation with soldier-wearable systems.

Rising geopolitical tensions and conflicts are expected to propel the growth of the anti-tank rifles market going forward. Geopolitical tensions and conflicts refer to disputes and hostilities between countries or regions driven by political, economic, or territorial interests. Rising geopolitical tensions and conflicts are primarily driven by territorial disputes, as countries compete to control land, resources, and strategic locations. Anti-tank rifles influence geopolitical tensions and conflicts by altering the balance of power on the battlefield, enabling forces to counter armored threats and shaping strategic decisions. Anti-tank rifles influence geopolitical tensions and conflicts by shaping military strategies and power balances through their ability to counter armored threats on the battlefield. For instance, in January 2025, according to Euronews SA, a France-based television network, In 2024, global conflicts intensified, with political violence increasing by 25% compared to 2023, affecting one in eight people and resulting in around 223,000 deaths, alongside a 37% rise in overall fatalities. Therefore, the rising geopolitical tensions and conflicts are driving the anti-tank rifles market.

The increasing defense expenditures are expected to propel the growth of the anti-tank rifles market going forward. Defense expenditures refer to the total financial resources a government allocates for maintaining and developing its armed forces, military operations, and related defense activities. Increasing defense expenditures are primarily driven by rising geopolitical tensions and conflicts that compel nations to strengthen their military capabilities. Anti-tank rifles help defense expenditures by providing a cost-effective and portable solution to counter armored threats, reducing the need for more expensive heavy weaponry and vehicle deployments. For instance, in April 2023, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers, and non-proliferation, in 2022 Russian military spending increased by an estimated 9.2% to approximately $86.4 billion, accounting for 4.1% of the country's GDP, up from 3.7% in 2021. Thus, the growth in defense budgets due to geopolitical tensions supports the expansion of the anti-tank rifles market.

In February 2025, Raytheon Technologies Corporation, a US-based defense contractor, partnered with Lockheed Martin. This partnership aims to assess the feasibility of co-producing and manufacturing the Javelin anti-tank missile system in India to meet future requirements of the Indian Ministry of Defense while strengthening India's defense capabilities and supporting local industry. Lockheed Martin Corporation is a US-based aerospace and defense company that specializes in advanced technology systems, products, and services for military and commercial use.

Major players in the anti-tank rifles market are Rheinmetall AG, Saab AB, Elbit Systems Ltd., MBDA Missile Systems, Roketsan A.S., Aselsan, Fabrique Nationale Herstal S.A., Accuracy International Ltd., Steyr Mannlicher GmbH & Co KG, Denel Land Systems Proprietary Limited, Israel Weapon Industries (IWI) Ltd., Barrett Firearms Manufacturing Inc., Arsenal JSCo, Cadex Defense Company Inc., SERO International Ltd., Česká zbrojovka a.s., Zbrojovka Vsetín Inc., McMillan Firearms Manufacturing Inc., Victrix Armaments Srl, KBP Instrument Design Bureau.

North America was the largest region in the Anti-Tank Rifle market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in anti-tank rifles report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the anti-tank rifles 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 sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

Anti-tank rifles are high-caliber firearms specifically engineered to penetrate the armor of tanks and other armored vehicles, predominantly used during early 20th-century warfare. Their significance declined with the emergence of more advanced armored technologies and modern anti-tank weaponry.

The primary types of anti-tank rifles include single-shot, repeater, semi-automatic, and automatic variants. Single-shot anti-tank rifles are large-caliber weapons designed to fire one powerful round capable of breaching armored vehicles. These rifles were widely utilized in early 20th-century combat. Technologies incorporated in these rifles include caseless propulsion and conventional propulsion systems. Caliber sizes are categorized as low-caliber (up to.5 caliber), medium-caliber (.5 caliber to 20mm), and high-caliber (greater than 20mm). The rifles are constructed from a variety of materials such as steel, aluminum, and composite materials. Users of these weapons range from homeland security agencies and law enforcement to military forces.

The anti-tank rifles market research report is one of a series of new reports that cover anti-tank rifles market statistics, including the anti-tank rifles industry's global market size, regional shares, competitors with the anti-tank rifles market share, detailed anti-tank rifles market segments, market trends and opportunities, and any further data you may need to thrive in the anti-tank rifles market. This anti-tank rifles 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 anti-tank rifles market consists of revenues earned by entities by providing services such as design and engineering services, testing and certification, maintenance and repair services, training and simulation, and ammunition supply and management. The market value includes the value of related goods sold by the service provider or included within the service offering. The anti-tank rifles market also includes sales of bolt-action anti-tank rifles, anti-materiel rifles, shoulder-fired recoilless rifles, high-caliber sniper rifles, and smart scopes and targeting systems. 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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