Manned Anti Tank Guided Missile System Market Size, Share, and Industry Analysis By Type (Man-portable ATGM and Vehicle-mounted ATGM), By Platform (Land and Airborne), By End User (Military, Homeland Security, and Commercial), and Regional Forecast till 2032

The global manned anti-tank guided missile system market is in a growing trend due to an increase in geopolitical tensions as well as advancements in technology and modernization programs in the military. These systems, which are intended for the infantry or the units mounted on vehicles, provide improved precision and effectiveness of the anti-armor actions.

• According to U.S. Department of Defense, 465 Annual procurement done in North America.

Manned Anti Tank Guided Missile System Market Driver

Geopolitical Tensions and Conflicts, Technological Advancements, Military Modernization Programs to Foster the Demand for Manned Anti Tank Guided Missile System

Surging geopolitical tensions and worldwide conflicts have increased the demand for sophisticated defense systems, which has forced the nations to purchase manned ATGM systems. Such systems are becoming more and more important to improving national security and supporting military supremacy in unstable areas.

The advancements in the area of technology regarding missile guidance and targeting systems have tremendously increased the accuracy, reliability, and efficiency in active defenses of manned ATGM systems. These innovations are driving the increased demands for more advanced missile systems by the military forces that want to enhance operational efficiency in contemporary combat contexts.

Armed with manned ATGM systems, military modernization programs across the world are on the rise to replace the old armament. Given the fact that countries increasingly concentrate on the increase of the capabilities of their defense, the use of the modern ATGM systems is becoming an integral part of the future military strategies.

Manned Anti Tank Guided Missile System Market Restraint

Budget Constraints, Countermeasure Technologies may Affect Market Expansion

The installation of high costs to develop and acquire advanced ATGM systems is a major budgetary challenge, especially for developing nations. Such financial limitations prevent a lot of nations from obtaining and acculturating superior missile systems into their defense stockpile.

Advanced ECM as well as advanced armor technologies make effective ATGM systems increasingly more difficult. These countermeasures degrade the operational success of missile systems by restricting their ability to penetrate armored targets and shrinking their battlefield footprint.

Manned Anti Tank Guided Missile System Market Opportunity

Integration with Modern Platforms, Emerging Markets to Offer New Growth Avenues

The combination of ATGM systems with contemporary platforms such as unmanned aerial vehicles (UAVs) considerably increases the degree of operational flexibility and efficiency. Such an integration allows accomplishing more accurate targeting, enhances mobility, and enables performing operations in difficult conditions and environments, thus expanding the list of areas of ATGM implementation.

There is an upsurge in spending on modern defense systems by the emerging markets, especially in the developing nations. This is a new growth area for the ATGM manufacturers as these countries attempt to strengthen their military by acquiring sophisticated missile systems to counter emerging security situations and regional conflicts.

Segmentation

Key Insights

The report covers the following key insights:

• Incidence of Geopolitical Tensions, By Key Regions
• Defense Investment Statistics for ATGM Systems across Major Countries
• Major Market Drivers, Trends, and Strategic Investments in Defense
• Business Strategies Adopted by Key Players and Key Industry Developments (Mergers, Acquisitions, Partnerships)
• Overview: Regulatory Environment and Defense Policies

Analysis by Type

Based on type, the Manned Anti Tank Guided Missile System Market is subdivided into Man-portable ATGM, and Vehicle-mounted ATGM.

The man-portable ATGM segment will bear considerable growth for the same reason—easy deployment, improved mobility, and its effectiveness in asymmetrical warfare. The developments in lightweight materials of a composite nature and the targeting systems contribute to the trend in the rapid growth of adoption of this technology by infantry units of the world's countries.

The segment of vehicle-mounted ATGM systems is on the rise due to its mounting onto armored vehicles, as well as the high precision of hits from long distances. As a consequence of the growing modernization programs, as well as the surge in the demand for the multi-mission combat platforms, the segment’s growth is observed. The vehicle-mounted ATGM segment is dominant because of increased firepower, mobility, and integration with armored combat vehicles.

Analysis by Platform

By Platform, the Manned Anti Tank Guided Missile System Market is fragmented into Land, and Airborne.

The land portion leads the market due to massive use of ATGM systems on armored vehicles, ground platforms, and portable launchers. Expanding tensions between boundaries and additional investments aimed at ground combat capabilities generate the demand for land-based missile systems. The land platform segment dominates because of its extensive application in ground forces and applicability to different combat terrains.

The Airborne segment is expected to record a gradual expansion as a result of the increased incorporation of the ATGM systems in the helicopters and UAVs. Improved precision in strikes, mobility in hostile terrains, and strategic defense initiatives are reasons for increasing utilization of airborne systems in anti-tank missions.

Analysis by End User

Based on end user, the Manned Anti Tank Guided Missile System Market is divided into Military, Homeland Security, and Commercial.

The military segment records the highest share segment because of the high proliferation of the ATGM systems to armed forces for anti-tank purposes and battlefield dominance. Defense expenditure increases and modernization of infantry and armored units are the definite factors driving the market share. The military segment leads because the basic need for an anti-tank capability in modern war and defense is required.

The segment of homeland security is expected to register moderate growth due to emerging concerns about border security and counterterrorism activities. RF integration of ATGM systems for strategic locations as well as surveillance operations develops prompt reaction capacities in dangerous areas.

Regional Analysis

Based on region, the Manned Anti Tank Guided Missile System Market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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North America is the biggest market leader because of its enormous defense budget that ensures the purchasing of modern ATGM systems. Applied technology is a strength of the region through which the prominent defense contractors like Lockheed Martin and Raytheon provide constant technology and production advancement capability.

Europe has a significant market share with collaborative defense projects as joint ventures between Rheinmetall and Leonardo. The region, in addition, is keen on building up military assets through extensive programs of modernization, thus guaranteeing the spread of advanced ATGM systems throughout many countries in Europe.

The Asia-Pacific market is also growing on the back of the regional overtures and security concerns as countries such as India and China bank heavily on advanced ATGM systems. Indigenous development, such as the MPATGM in India, further enhances the ability of the region in technology and the demand in the market.

Key Players Covered

The report includes the profiles of the following key players:

•  Denel Aerostructures (South Africa)
• Elbit Systems Ltd. (Israel)
• General Dynamics Corporation (US)
• KBP Instrument Design Bureau (Rostec) (Russia)
• Lockheed Martin Corporation (US)
• MBDA (France)
• Rafael Advanced Defense Systems Ltd. (Israel)
• Raytheon Technologies Corporation (US)
• Saab AB (Sweden)
• BAE Systems PLC (UK)
• Roketsan A.S. (Turkey)

Key Industry Developments

• In August 2024, India's Defence Research and Development Organisation (DRDO) successfully test-fired the Man-Portable Anti-Tank Guided Missile (MPATGM) at the Pokhran Field Firing Range in Rajasthan. This lightweight, shoulder-launched missile system is equipped with advanced imaging infrared (IIR) seekers, dual-mode top and direct attack capabilities, and a range of up to 2.5 km.
• In April 2024, DRDO, in collaboration with the Indian Army, conducted the final developmental trials of the MPATGM at the Pokhran Field Firing Range.