IMARC Group, a leading market research company, has recently releases report titled “Anti-tank Missile System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The study provides a detailed analysis of the industry, including the global anti-tank missile system market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Anti-tank Missile System Market?
Market Size in 2021
US$ 2.9 Billion
Market Forecast in 2027
US$ 3.7 Billion
Growth rate (2022 to 2027)
CAGR of 3.82%
Base Year of the Analysis
What is Anti-tank Missile System?
An Anti-tank missile, or anti-tank guided missile (ATGM), refers to a guided weapon specially designed for destroying heavily armoured vehicles. These weapons can be installed with three types of guidance systems, namely, first, second and third generation. In addition, anti-tank missiles are manufactured in different sizes ranging from smaller, shoulder-launched missiles to bigger missiles that require a team to launch or transport. As compared to conventional weapons, anti-tank missiles help to penetrate heavier obstacles, including walls and bunkers.
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What Are the Growth Prospects and Trends in the Anti-tank Missile System Market?
The rapid rise in terrorist activities and territorial conflicts across the globe is primarily driving the anti-tank missile system market growth. This is further supported by the escalating demand for extended range missiles in the defence and military sectors. In addition to this, governments of various nations have expanded their budgets to invest in the research and development (R&D) of next generation anti-tank missile systems, which is fuelling the market growth.
Who Are the Key Players Operating in the Anti-tank Missile System Industry?
The report has also analysed the competitive landscape of the market with some of the key players.
- Denel Aerostructures (Pty) Ltd. (Denel SOC Ltd.)
- Elbit Systems Ltd.
- General Dynamics Corporation
- KBP Instrument Design Bureau (Rostec)
- Lockheed Martin Corporation
- Rafael Advanced Defense Systems Ltd.
- Raytheon Technologies Corporation
- Saab AB.
What is Included in Market Segmentation?
Breakup by Missile Type:
Breakup by Platform:
Breakup by End User:
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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