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    Man Portable Anti Armor And Bunker Buster Weapons Market Report

    Man Portable Anti Armor And Bunker Buster Weapons Market Report
    Report code - SR2841 Published On : Mar,2024 No. of Pages: 120
    Man-Portable Anti-Armor and Bunker-Buster Weapons Market Size, Share, Trend, Forecast, Com See more...

    Market Highlights

    With evolving military strategies focusing on maneuverability and flexibility, there has been a growing demand for man-portable anti-armor and bunker-buster weapons. 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. Overall, the man-portable anti-armor & bunker-buster weapon market is likely to reach US$ 503.5 Million by 2032, with an estimated sales of US$ 4.3 Billion worth of weapons in the next eight years.  

    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.

    Market Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Product-Type Analysis

    Anti-tank, Bunker-Buster, and Combined Anti-tank & Bunker-Buster

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

    Technology-Type Analysis

    Guided and Unguided

    The guided weapon is expected to remain the most preferred technology in the market over the next seven years.

    Weapon-Type Analysis

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

    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.

    End-Use-Type Analysis

    Reloadable and Disposable

    Disposable weapon is expected to remain the larger end-use in the market during the forecast period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    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.

     

    Based on the product type, 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.

    Based on the technology, 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.

    Based on the weapon type, 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.

    Based on the end-use type, 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.

    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.

    Key Players

    The following are the key players in the man-portable anti-armor and bunker-buster weapons market:

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

    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.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such 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, Anti-tank portfolio, New Anti-tank Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for existing and new players
    • Key success factors

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

    Man-Portable Anti-Armor and Bunker-Buster Weapons Market, by Product Type

    • Anti-Tank (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bunker-Buster (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Combined Anti-Tank & Bunker-Buster (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Man-Portable Anti-Armor and Bunker-Buster Weapons Market, by Technology Type

    • Guided (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Unguided (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Man-Portable Anti-Armor and Bunker-Buster Weapons Market, by Weapon Type

    • Anti-Armor Missile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rocket Propelled Grenade (RPG) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Recoilless Rifle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Man-Portable Anti-Armor and Bunker-Buster Weapons Market, by End-Use Type

    • Reloadable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Disposable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Man-Portable Anti-Armor and Bunker-Buster Weapons Market, by Region

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

    Report 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

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions

    The man-portable anti-armor and bunker-buster weapons market is estimated to grow at a CAGR of 1.3% by 2032, driven by increasing security concerns and the modernization of military forces globally.

    Techmash (Rostec), Saab Bofors Dynamics, Raytheon Technologies Corporation, Nammo AS, and Instalaza SA are the leading players in the man-portable anti-armor & bunker-buster weapons market.

    Europe is estimated to remain dominant in the market in the foreseeable future due to its significant defense spending, advanced military capabilities, and escalating geopolitical tensions.

    Asia-Pacific is estimated to be the fastest-growing market in the foreseeable future. The region is experiencing rapid military modernization efforts coupled with escalating regional security threats and territorial disputes, driving the increased demand for man-portable anti-armor and bunker-buster weapons in the years to come.

    Rocket Propelled Grenade (RPG) affordability compared to other anti-armor weapons systems makes them accessible to a wider range of military forces and insurgent groups, contributing to their dominance in the market in the years to come.

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