Anti-tank Missile System Market Outlook
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.
The global anti-tank missile system market size reached US$ 2.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2027, exhibiting a growth rate (CAGR) of 3.82% during 2022-2027.
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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Anti-tank Missile System Market Trends:
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 (RD) of next generation anti-tank missile systems, which is fuelling the market growth.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
- Denel Aerostructures (Pty) Ltd. (Denel SOC Ltd.)
- Elbit Systems Ltd.
- General Dynamics Corporation
- KBP Instrument Design Bureau (Rostec)
- Lockheed Martin Corporation
- MBDA
- Rafael Advanced Defense Systems Ltd.
- Raytheon Technologies Corporation
- Saab AB.
Key Market Segmentation:
Breakup by Missile Type:
- Man-Portable
- Vehicle-Mounted
Breakup by Platform:
- Airborne
- Ground-Based
Breakup by End User:
- Military
- Commercial
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)
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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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