Man-Portable Anti-Armor and Bunker-Buster Weapons Market Analysis | 2025-2032

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Man-Portable Anti-Armor and Bunker-Buster Weapons Market

• The annual demand for man-portable anti-armor and bunker-buster weapons was USD 453.0 million in 2024 and is expected to reach USD 465.7 million in 2025, up 2.5% than the value in 2024.
• During the forecast period (2025 to 2032), the man-portable anti-armor and bunker-buster weapons market is expected to grow at a CAGR of 1.1%. The annual demand will reach of USD 503.5 million in 2032.
• During 2025-2032, the man-portable anti-armor and bunker-buster weapons industry is expected to generate a cumulative sales opportunity of USD 3881.70 million.
   

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High-Growth Market Segments:

• Europe is expected to remain the largest market over the next eight years, whereas Asia-Pacific is likely to grow at the fastest rate during the same period. 
• By Product type, Combined Anti-tank & Bunker-Buster is likely to be the dominant type in the market during the forecast period.
• By Technology type, Guided Weapon is expected to remain the dominant and fastest-growing product type in the market during the forecast period.
• By Weapon type, Anti-Armor Missile, Rocket Propelled Grenade (RPG) is anticipated to remain the dominant during the forecast period.
• By End-Use type, Disposable Weapon is expected to remain the dominant as well as the fastest-growing end-user type in the years to come.

Market Statistics

Have a look at the sales opportunities presented by the man-portable anti-armor and bunker-buster weapons market in terms of growth and market forecast.

Market Dynamics

Introduction:

What are man-portable anti-armor and bunker-buster weapons?

Man-portable anti-armor weapons are infantry-carried launchers or missiles whose primary purpose is to defeat armored vehicles (armored personnel carriers, infantry fighting vehicles, main battle tanks). They’re designed around warheads and delivery methods that maximize the chance of disabling or destroying protected vehicles.

Man-portable bunker-buster weapons are carried and fired by an individual or small team and are optimized to neutralize, collapse, or otherwise defeat hardened positions, bunkers, field fortifications, light concrete, masonry, or enclosed spaces. Their effects emphasize blast, overpressure, penetration, or sustained combustion rather than pure armor penetration.

Segment Analysis

By Product Type

“Combined anti-tank & bunker-buster is anticipated to remain the biggest market category in the years to come”.

• The market for man-portable anti-armor and bunker-buster weapons is segmented into anti-tank, bunker-buster, and combined anti-tank & bunker-buster. Among these, combined anti-tank & bunker-buster weapons emerged as the predominant product type and are poised to exhibit the most rapid growth rate in the projected timeframe.
• This is attributed to their adaptability in targeting both armored adversaries and fortified installations, offering a holistic solution for contemporary military endeavors.

By Technology Type

“The guided weapon is expected to remain the most preferred technology in the market during the forecast period”.

• The market is segmented into guided and unguided weapons. The guided weapon is likely to hold dominance in the market by 2032, owing to its superior accuracy, precision targeting capabilities, and decreased risk of collateral damage when compared to the unguided variant. Consequently, it is also likely to witness the fastest growth rate in the foreseeable future.
   

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By Weapon Type

“Rocket Propelled Grenade (RPG) is expected to be the dominant weapon in the market, whereas the recoilless rifle is projected to experience the most rapid growth in the coming years”.

• The market is segmented into anti-armor missiles, rocket-propelled grenades, and recoilless rifles. Rocket-Propelled Grenade (RPG) is likely to remain the dominant weapon in the market over the next eight years.
• It is also likely to generate the highest cumulative sales during the forecast period. RPGs are simple, affordable, widely available, and are highly effective against their targets.

By End-Use Type

“Disposable weapon is expected to remain the largest end-use type in the market during the forecast period”.

• The market is segmented into reloadable and disposable weapons. Disposable weapons are expected to be the dominant end-use in the market during the forecast period, as they are convenient, easy to use, and suitable for quick deployment in fast-paced combat situations without the need for reloading or maintenance. Carrying a lot of gear becomes stressful with reloadable weapons, as they are typically heavier and bulkier compared to disposable ones.

Regional Analysis

“Europe is expected to remain the largest market, whereas Asia-Pacific is likely to grow at the fastest rate over the next eight years”.

• The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of regions, Europe is the largest market for man-portable anti-armor and bunker-buster weapons due to significant defense spending, advanced military capabilities, and rising geopolitical tensions in the region.
• The region is also likely to be the largest demand generator in the market over the next eight years. Asia-Pacific is poised to emerge as the fastest-growing market during the same period, driven by swift military modernization endeavors in the emerging economies of the region, alongside rising regional security challenges and territorial disputes.
   

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Competitive Landscape

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the man-portable anti-armor and bunker-buster weapons market -  

• Nammo AS
• Raytheon Technologies Corporation
• Saab Bofors Dynamics
• Techmash (Rostec)

Note: The above list does not necessarily include all the top players in the market.

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Recent Developments/Mergers & Acquisitions:

• In December 2023, the Czech Republic contracted to supply 100,000 RPGs-7 grenade launcher ammunition to the Ukrainian military for training purposes, with deliveries scheduled between 2024 and 2031.
• In November 2023, Saab secured an order worth around SEK 1.3 billion for the Carl-Gustaf man-portable, multi-role weapon system, with deliveries slated for 2024-2025.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The man-portable anti-armor and bunker-buster weapons market is segmented into the following categories. 

By Product Type 

• Anti-Tank
• Bunker-Buster
• Combined Anti-Tank & Bunker-Buster

By Technology Type 

• Guided
• Unguided

By Weapon Type 

• Anti-Armor Missile
• Rocket Propelled Grenade (RPG)
• Recoilless Rifle

By End-Use Type 

• Reloadable
• Disposable

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s man-portable anti-armor and bunker-buster weapons market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Anti-tank portfolio, geographical reach, regional presence, and strategic alliances

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