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    Anti Tank Missile Market

    ID: MRFR/A&D/2281-CR
    134 Pages
    Swapnil Palwe
    August 2019

    Anti-Tank Missile Market Research Report Information By Type (Man-Portable, Vehicle-Mounted), By Platform (Airborne, Ground-Based), By End User (Military, Commercial), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035.

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    Anti Tank Missile Market Infographic
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    Anti Tank Missile Market Summary

    The Global Anti-Tank Missile Market is projected to grow steadily from 0.01 USD Billion in 2024 to 0.02 USD Billion by 2035.

    Key Market Trends & Highlights

    Anti-Tank Missile Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 4.1 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 0.02 USD Billion, indicating a gradual increase in demand.
    • in 2024, the market is valued at 0.01 USD Billion, reflecting the current investment in anti-tank missile technology.
    • Growing adoption of advanced missile systems due to increasing defense budgets is a major market driver.

    Market Size & Forecast

    2024 Market Size 0.01 (USD Billion)
    2035 Market Size 0.02 (USD Billion)
    CAGR (2025-2035) 3.71%

    Major Players

    Rafael Advanced Defense Systems (Israel), MBDA (France), Raytheon Company (U.S.), KBP Instrument Design Bureau (Russia), Saab AB (Sweden), Elbit Systems Ltd. (Israel), Denel Dynamics (South Africa), General Dynamics Corporation (U.S.), Lockheed Martin Corporation (U.S.), ROKETSAN A.S. (Turkey)

    Anti Tank Missile Market Trends

    A surge in the adoption of long-range anti-tank missile systems is driving the market growth

    Long-range anti-tank missile system ensures missile system operator safety by keeping the operator out of tank cannon range. For instance, Turkey has developed a long-range air-to-surface anti-tank missile system named Mizrak-U or UTMAS. Mizrak-U has an operational range of 5-8 K.M. and can be integrated into aerial vehicles such as UAVs, helicopters, and light assault aircraft. Such long-range anti-tank missile system developments are expected to boost the market. Moreover, military

    agencies are investing in advanced weapons systems to establish dominance on the battlefield. For instance, in February 2020, the U.S. Department of Defense awarded a contract of approx. 18 million USD to Raytheon (a major US defense contractor headquartered in Massachusetts, U.S.) & Lockheed Martin (an aerospace & defense company headquartered in Maryland, US) for production of Javelin anti-tank missile systems for military sales to partner countries such as Ukraine, Turkey,, and Australia among others. Such investment in the procurement of weapon systems worldwide is expected to drive the anti-tank missile market CAGR.

    Additionally, the increase in demand for composite armor penetration capability and the rise in adoption of long-range anti-tank missile systems are factors driving the market. However, developing anti-tank missile countermeasures such as active protection systems and electronic jammers hinders market growth. On the contrary, demand for precision targeting and fire & forget capabilities present new pathways in the industry.Furthermore,The increased acquisition of anti-tank missiles, increasing R&D investments in current missile systems, and the introduction of long-range anti-tank missiles all contribute to the worldwide market's growth. Thus, driving the Anti-Tank Missile market revenue.

    The evolving geopolitical landscape appears to drive increased investments in advanced anti-tank missile systems, reflecting a strategic shift towards enhancing ground combat capabilities.

    U.S. Department of Defense

    Anti Tank Missile Market Drivers

    Geopolitical Tensions

    Geopolitical tensions and regional conflicts are significant drivers of the Global Anti-Tank Missile Market Industry. Ongoing disputes and military confrontations in regions such as Eastern Europe and the Middle East have heightened the need for effective anti-tank capabilities. Nations are investing in advanced missile systems to deter potential aggressors and ensure national security. For example, the conflict dynamics in Ukraine have prompted increased procurement of anti-tank missiles by various countries. This trend suggests that the Global Anti-Tank Missile Market Industry will continue to expand as nations respond to evolving security challenges.

    Technological Advancements

    Technological innovations play a pivotal role in shaping the Global Anti-Tank Missile Market Industry. The development of advanced missile systems featuring improved guidance, precision targeting, and enhanced lethality is attracting attention from military forces worldwide. Innovations such as fire-and-forget technology and top-attack capabilities are becoming increasingly prevalent. These advancements not only improve operational effectiveness but also align with the strategic objectives of various nations. As a result, the Global Anti-Tank Missile Market Industry is likely to witness a surge in demand, particularly as countries seek to integrate these sophisticated systems into their defense strategies.

    Market Trends and Projections

    The Global Anti-Tank Missile Market Industry is projected to experience notable growth, with estimates indicating a market value of 0.02 USD Billion by 2035. This growth trajectory reflects the increasing importance of anti-tank capabilities in modern warfare. The anticipated CAGR of 4.1% from 2025 to 2035 underscores the sustained demand for advanced missile systems. Factors such as technological advancements, geopolitical tensions, and military modernization efforts are expected to contribute to this upward trend. As nations continue to invest in their defense sectors, the Global Anti-Tank Missile Market Industry is poised for expansion.

    Increasing Military Expenditure

    The Global Anti-Tank Missile Market Industry is experiencing growth due to rising military expenditures across various nations. Countries are prioritizing defense budgets to enhance their military capabilities, particularly in response to evolving threats. For instance, nations like the United States and India have significantly increased their defense spending, which is projected to reach 0.01 USD Billion in 2024. This trend indicates a commitment to modernizing military arsenals, including anti-tank missile systems, thereby driving demand in the Global Anti-Tank Missile Market Industry.

    Increased Focus on Asymmetric Warfare

    The Global Anti-Tank Missile Market Industry is influenced by the growing emphasis on asymmetric warfare strategies. As military conflicts evolve, conventional forces are increasingly facing non-state actors and guerrilla tactics. Anti-tank missiles provide a critical advantage in such scenarios, allowing smaller forces to effectively counter larger armored units. This shift in warfare dynamics is prompting military planners to prioritize the acquisition of advanced anti-tank systems. Consequently, the Global Anti-Tank Missile Market Industry is likely to benefit from this strategic focus, as nations adapt their military doctrines to address contemporary threats.

    Growing Demand from Emerging Economies

    Emerging economies are increasingly recognizing the importance of robust defense capabilities, contributing to the growth of the Global Anti-Tank Missile Market Industry. Countries in Asia and Africa are investing in military modernization programs, which include the acquisition of anti-tank missile systems. The projected compound annual growth rate (CAGR) of 4.1% from 2025 to 2035 indicates a sustained interest in enhancing military capabilities. As these nations seek to bolster their defense infrastructure, the demand for advanced anti-tank missiles is expected to rise, further propelling the Global Anti-Tank Missile Market Industry.

    Market Segment Insights

    Anti-Tank Missile Type Insights

    Based on type, the Anti-Tank Missile market segmentation includes man-portable and vehicle-mounted. The man-portable segment dominated the market, a man-portable anti-tank missile, also called a shoulder-launched anti-tank missile, dominates the market. These systems are compact and lightweight and can be carried by one soldier. The kit includes the missile, launcher, tripod assembly, and required optics. The man-portable anti-tank missile system destroys manpower, stationary and mobile armored vehicles

    .

    Anti-Tank Missile Platform Insights

    Based on the platform, the Anti-Tank Missile market segmentation includes airborne and ground-based. The dominant segment in the Anti-Tank Missile market is ground-based, primarily due to the increasing adoption of unmanned aerial vehicles (UAVs). Ground-based anti-tank missiles are specifically designed to be launched from the ground, either by armored vehicles or soldiers. These missiles are highly effective in striking and defeating ground-based targets such as heavily armored tanks and other armored fighting vehicles.

    Anti-Tank Missile End User Insights

    The Anti-Tank Missile market segmentation, based on end-users, includes military and commercial. The military segment dominated the market; due to the need for effective defense capabilities against armored vehicles and tanks. These missiles provide a crucial offensive and defensive capability for military forces, allowing them to neutralize enemy tanks and armored vehicles effectively. Furthermore, the continuous advancements in technology have resulted in the emergence of advanced anti-tank missiles that offer enhanced range, accuracy, and target acquisition capabilities. These technological improvements have significantly contributed to the attractiveness of anti-tank missiles for military applications.

    The development of missiles with extended range allows them to engage targets from greater distances, providing military forces with increased flexibility and tactical advantages on the battlefield.

    Get more detailed insights about Anti-Tank Missile Market Research Report - Global Forecast till 2034

    Regional Insights

    By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American anti-tank missile market will dominate this market, the technological developments in warfare platforms and rising military budgets in the region. The market report focuses on analyzing the key countries, including the United States, Canada, Germany, France, the United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil

    Europe's Anti-Tank Missile market accounts for the second-largest market share owing to the increased focus on strengthening defense capabilities. Further, the German Anti-Tank Missile market held the largest market share, and the U.K. Anti-Tank Missile market was the fastest-growing market in the European Region. The Asia-Pacific Anti-Tank Missile Market is expected to grow fastest from 2023 to 2032. This is due toincreasing terrorism and border threats in the Region, driving the demand in the Region. Moreover, China’s Anti-Tank Missile market held the largest market share, and the Indian Anti-Tank Missile market was the highest-growing market in the Asia-Pacific region.

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Anti-Tank Missile market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Anti-Tank Missile industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Anti-Tank Missile industry to benefit clients and increase the market sector. The Anti-Tank Missile industry has offered some of the most significant advantages in recent years.

    Major players in the Anti-Tank Missile market, including Rafael Advanced Defense Systems (Israel), MBDA (France), Raytheon Company (U.S.), KBP Instrument Design Bureau (Russia), Saab AB (Sweden), Elbit Systems Ltd. (Israel), Denel Dynamics (South Africa), General Dynamics Corporation (U.S.), Lockheed Martin Corporation (U.S.), and ROKETSAN A.S. (Turkey)., and others, are attempting to increase market demand by investing in research and development operations. Bharat Dynamics Limited is one of India's ammunitions and missile systems manufacturers. It was founded in 1970 in Hyderabad, India.Bharat Dynamics Limited announced the launch of three new defense products at DefExpo in Gujarat.

    These products will help to mitigate the product dependency of India on foreign countries. The products launched include an anti-tank guided missile (ATGM) for MBT ARJUN, a lightweight vehicle-mounted anti-tank guided weapon system. Technology goods and services are offered by Raytheon Technologies Corp (Raytheon Technologies) to the aerospace and defence sectors. The product line of the corporation includes flying systems, power generating management and distribution systems, and commercial, general aviation and military aircraft engines. Additionally, it provides solutions for cybersecurity, electronic warfare, hypersonics, missile defence, naval

    warfare, ground warfare, and space. It also provides command and control and communications and navigation services.

    Key Companies in the Anti Tank Missile Market market include

    Industry Developments

    October 2022:

    Bharat Dynamics Limited unveiled three new defense products during the DefExpo event held in Gujarat. These innovative products aim to reduce India's reliance on foreign nations for defense equipment. Among the products introduced are an anti-tank guided missile (ATGM) designed specifically for MBT ARJUN, as well as a lightweight anti-tank guided weapon system that can be mounted on vehicles.

    September 2022:

    the Slovenian Ministry of Defense announced that they had awarded a contract to EuroSpike worth USD 6.6 million to supply the country with 50 Spike LR2 Long-range Anti-tank Guided Missiles (ATGMs). In addition, the systems will be mounted on Oshkosh's Joint Light Tactical Vehicles (JLTV).

    Future Outlook

    Anti Tank Missile Market Future Outlook

    The Global Anti-Tank Missile Market is projected to grow at a 3.71% CAGR from 2025 to 2035, driven by technological advancements, increasing defense budgets, and geopolitical tensions.

    New opportunities lie in:

    • Invest in R&D for next-gen missile technologies to enhance precision and effectiveness.
    • Expand partnerships with defense contractors for integrated systems solutions.
    • Leverage emerging markets' defense spending to introduce cost-effective missile systems.

    By 2035, the market is expected to demonstrate robust growth, reflecting evolving defense needs and technological innovations.

    Market Segmentation

    Anti-Tank Missile Type Outlook

    • Man-Portable
    • Vehicle-Mounted

    Anti-Tank Missile End User Outlook

    • Military
    • Commercial

    Anti-Tank Missile Platform Outlook

    • Airborne
    • Ground-Based

    Anti-Tank Missile Regional Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Attribute/Metric Details
    Market Size 2024 USD 0.0146233954126512  billion
    Market Size 2025 USD 0.0241 billion
    Market Size 2035 0.02 (Value (USD Billion))
    Compound Annual Growth Rate (CAGR) 3.71% (2025 - 2035)
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Platform, End User, and Region
    Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
    Countries Covered The market report extensively analyzes several major countries, including the United States, Canada, Germany, France, the United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
    Key Companies Profiled  Rafael Advanced Defense Systems (Israel), MBDA (France), Raytheon Company (U.S.), KBP Instrument Design Bureau (Russia), Saab AB (Sweden), Elbit Systems Ltd. (Israel), Denel Dynamics (South Africa), General Dynamics Corporation (U.S.), Lockheed Martin Corporation (U.S.), and ROKETSAN A.S. (Turkey)
    Key Market Opportunities Technology Trends, regulatory landscape, and patent analysis outlook
    Key Market Dynamics The increasing utilization of unmanned aerial vehicles (UAVs) is anticipated to be a significant driver for the growth of the ground-based segment. The rise in UAV adoption has opened up new opportunities for ground-based anti-tank missiles.

    Market Highlights

    Author
    Swapnil Palwe
    Team Lead - Research

    With a technical background as Bachelor's in Mechanical Engineering, with MBA in Operations Management , Swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the Automotive/A&D domain. Swapnil has worked on major projects in verticals such as Aerospace & Defense, Automotive and many other domain projects. He has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.

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    FAQs

    How much is the Anti-Tank Missile market?

    The Anti-Tank Missile market size was valued at USD 0.0135 Billion in 2023.

    What is the growth rate of the Anti-Tank Missile market?

    The market is witnessed to grow at a CAGR of 3.70% during the forecast period, 2024-2032.

    Which Region witnessed the largest market share in the Anti-Tank Missile market?

    North America had the largest share of the market

    Who are the key players in the Anti-Tank Missile market?

    The key players in the market areRafael Advanced Defense Systems (Israel), MBDA (France), Raytheon Company (U.S.), KBP Instrument Design Bureau (Russia), Saab AB (Sweden), Elbit Systems Ltd. (Israel), Denel Dynamics (South Africa), General Dynamics Corporation (U.S.), Lockheed Martin Corporation (U.S.), and ROKETSAN A.S. (Turkey).

    Which type led the Anti-Tank Missile market?

    The Man-Portable Anti-Tank Missile category dominated the market in 2022.

    Which Platform had the largest market share in the Anti-Tank Missile market?

    The Ground-Based had the largest share in the market.

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