Man-Portable Anti-Armor and Bunker-Buster Weapons Market is Forecasted to Reach US$503.5 million in 2032, Says Stratview Research

The global Man-Portable Anti-Armor and Bunker-Buster Weapons Market size was valued at US$453.0 million in 2024, and is projected to reach US$503.5 million by 2032, witnessing a market growth CAGR of 1.1% from 2025 to 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Man-Portable Anti-Armor and Bunker-Buster Weapons Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics

Segment Insights & Market Share Analysis of the Man-Portable Anti-Armor and Bunker-Buster Weapons Market:

The global Man-Portable Anti-Armor and Bunker-Buster Weapons Market is segmented based on Product type, Technology type, and Region.

Based on 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.

Based on the 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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Which Region Shows the Most Promising Growth Forecast and Opportunity?

“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.

Man-Portable Anti-Armor and Bunker-Buster Weapons Market Drivers:

Some of the key drivers listed in the report are given below.

• 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.

Competitive Landscape: Top Companies in the Man-Portable Anti-Armor and Bunker-Buster Weapons Market:

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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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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