Anti-Tank Missile Market Size,Share,Analysis,Growth,Trend-2025
Anti-tank missiles are developed to destroy tanks and other armored military vehicles. Market Research
Future (MRFR) has published a research report about the global anti-tank missiles market that expects
growth for this market with 4.25% CAGR (Compound Annual Growth Rate) between 2015 and 2023.
Analyzing the market structure, this report evaluates the future growth potential of the market. It analyzes
the strategies of the key players in the market and follows the competitive developments such as joint
ventures, new product developments, mergers and acquisitions, research and developments (R &D) in the
market. The global naval gun system market is growing due to significant technological advancement.
The global anti-tank missiles market stands a chance to grow due to the growing defense expenses in
many countries. The other factors that are aiding the growth of global anti-tank missiles market include the
growing procurement of anti-tank missiles, increasing R&D investments on the existing missile systems,
and the introduction of long-range anti-tank missiles. However, the continued usage of smokescreens by a
number of armed and rebel forces along with the accuracy issues associated with the anti-tank guided
missiles can be an obstacle for the growth of the market.
The global anti-tank missiles market has been segmented on the basis of the platform, type, and lastly, the
region. The platform-based segmentation of this market covers airborne and ground-based. Airborne is
regarding combats in the air while ground-based, as the name suggests is regarding combat on the Earth
surface. By types, the market has been segmented into man-portable and vehicle-mounted. Man-portable
missiles can be lifted by men and inserted into the launcher. Man-portable missiles held the largest market
share of 68.00% in 2016, with a market value of US $ 5,696.4 mn. The man-portable anti-tank missile is
also called as a shoulder-launched anti-tank missile