Market Dynamics
With evolving military strategies focusing on maneuverability and flexibility, a growing demand for man-portable anti-armor and bunker-buster weapons has been growing. These weapons enable infantry units to engage armored targets effectively in various combat scenarios. Heightened security concerns in various regions worldwide, including conflict zones and areas with volatile geopolitical situations, have escalated the demand for man-portable anti-armor and bunker-buster weapons.
Militaries are seeking to equip their forces with versatile and effective weapons to address potential threats. Budget constraints faced by many military forces worldwide may influence procurement decisions, leading to a preference for cost-effective solutions without compromising on performance. Manufacturers are increasingly focusing on offering affordable options to cater to this demand.
Recent Contracts
- 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.
Segments Analysis
Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Product-Type Analysis
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Anti-tank, Bunker-Buster, and Combined Anti-tank & Bunker-Buster
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Combined anti-tank & bunker-buster is anticipated to remain the biggest market category in the years to come.
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Technology-Type Analysis
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Guided and Unguided
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The guided weapon is expected to remain the most preferred technology in the market over the forecast period.
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Weapon-Type Analysis
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Anti-Armor Missile, Rocket Propelled Grenade (RPG), and Recoilless Rifle
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Rocket Propelled Grenade (RPG) is expected to be the dominant weapon in the market, whereas recoilless rifle is projected to experience the most rapid growth in the coming years.
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End-Use-Type Analysis
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Reloadable and Disposable
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Disposable weapon is expected to remain the largest end-use type in the market during the forecast period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and Rest of the World
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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.
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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.
By Weapon Type
“Rocket Propelled Grenade (RPG) is expected to be the dominant weapon in the market, whereas recoilless rifle is projected to experience the most rapid growth in the coming years”.
The market is segmented as 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.
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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