The Business Research Company
The Business Research Company’s Man-Portable Anti-Armor Weapons Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
— The Business Research Company
LONDON, GREATER LONDON, UNITED KINGDOM, September 26, 2024 /EINPresswire.com/ — The man-portable anti-armor weapons market has experienced robust growth in recent years, expanding from $5.67 billion in 2023 to $6.03 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to precision and lethality improvements, adaptation to threats, geopolitical factors and demand, cost-efficiency and affordability, versatility and multi-role capability.
What Is The Estimated Market Size Of The Global Man-Portable Anti-Armor Weapons Market And Its Annual Growth Rate?
The man-portable anti-armor weapons market is projected to continue its strong growth, reaching $7.7 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to miniaturization and portability, rise in smart and network-enabled systems, multi-role capabilities, focus on lethality and precision, emphasis on cost-efficiency.
Explore Comprehensive Insights Into The Global Man-Portable Anti-Armor Weapons Market With A Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample_request?id=9364&type=smp
Growth Driver of The Man-Portable Anti-Armor Weapons Market
An increase in defense budgets is expected to propel the growth of the man-portable anti-armor weapons market. The defense budget is the amount of the federal budget devoted to defense, which pays for personnel, training, and medical expenses, in addition to the maintenance and acquisition of weapons and equipment. The increase in defense budgets makes it easier to implement costly but necessary missile defense system technologies.
Explore The Report Store To Make A Direct Purchase Of The Report:
https://www.thebusinessresearchcompany.com/report/man-portable-anti-armor-weapons-global-market-report
Which Market Players Are Driving The Man-Portable Anti-Armor Weapons Market Growth?
Key players in the market include Lockheed Martin Corporation, Bharat Dynamics Limited, General Dynamics Corporation, Saab AB, Raytheon Company, Thales Group, BAE Systems PLC, MBDA Holdings SAS, Konstruktorskoye Byuro Mashynostroyeniya (KBM), Nammo AS, Rostec State Corporation, Elbit Systems Ltd., Rafael Advanced Defense Systems Ltd., Denel Dynamics, Northrop Grumman, Bioquell Ltd., HDT Global Inc., AirBoss Defense Group, Blucher GMBH, FLIR Systems Inc., MSA Safety Incorporated, Argon Electronics Ltd., Avon Protection Systems Inc., Chemring Group PLC, Environics Oy, The Boeing Company, Rheinmetall AG, Jadara Equipment & Defence Systems, Roketsan Roket Sanayii ve Ticaret A.S., Luch Design Bureau.
What Are The Key Trends That Influence Man-Portable Anti-Armor Weapons Market Share Analysis?
Major companies operating in the man-portable anti-armor weapons market are focused on introducing new products, such as high-firepower weapon system, to strengthen their position in the market. For instance, in December 2021, MBDA Missile Systems, a France-based developer and manufacturer of missiles, introduced the new MPCV/MMP (Multi-Purpose Combat Vehicle) anti-tank guided missile weapon station, which is the most advanced high-firepower weapon system that has been especially created to satisfy the most demanding demands of contemporary combat in both complicated urban and open battlefield conditions.
How Is The Global Man-Portable Anti-Armor Weapons Market Segmented?
1) By Type: Anti-Aircraft Missiles, Rocket Propelled Grenades, Anti-Tank Rifles, Recoilless Rifle
2) By Technology: Guided Weapons, Unguided Weapons
3) By Application: Homeland Security, Defense
Geographical Insights: North America Leading The Man-Portable Anti-Armor Weapons Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market report during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Man-Portable Anti-Armor Weapons Market Definition
Man-portable anti-armor weapons refer to shoulder-fired military weapons such as missiles, rifles, and grenades. Troop can transfer these anti-armor weapons easily from one site to another in order to destroy enemy battle tanks, planes, and other armored vehicles. These weapons are highly capable of destroying both static and moving targets.
Man-Portable Anti-Armor Weapons Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global man-portable anti-armor weapons market report covering trends, opportunities, strategies, and more
The Man-Portable Anti-Armor Weapons Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on man-portable anti-armor weapons market size, man-portable anti-armor weapons market drivers and trends, man-portable anti-armor weapons market major players and man-portable anti-armor weapons market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Small Arms and Light Weapons Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/small-arms-and-light-weapons-global-market-report
Smart Weapons Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/smart-weapons-global-market-report
Autonomous Military Weapons Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/autonomous-military-weapons-global-market-report
What Does the Business Research Company Do?
The Business Research Company publishes over 15,000 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. We provide continuous and custom research services, offering a range of specialized packages tailored to your needs, including Market Entry Research Package, Competitor Tracking Package, Supplier & Distributor Package, and much more.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Article originally published on www.einpresswire.com as Global Man-Portable Anti-Armor Weapons Market Overview And Statistics For 2024-2033
The post Global Man-Portable Anti-Armor Weapons Market Overview And Statistics For 2024-2033 first appeared on Social Gov.
originally published at Global News - Social Gov