Market Overview
Man Portable Anti Armor Weapon Market size was valued at USD 6.21 billion in 2024 and is anticipated to reach USD 9.18 billion by 2032, at a CAGR of 5.02% during the forecast period.
| REPORT ATTRIBUTE |
DETAILS |
| Historical Period |
2020-2023 |
| Base Year |
2024 |
| Forecast Period |
2025-2032 |
| Man Portable Anti Armor Weapon Market Size 2024 |
USD 6.21 Billion |
| Man Portable Anti Armor Weapon Market, CAGR |
5.02% |
| Man Portable Anti Armor Weapon Market Size 2032 |
USD 9.18 Billion |
The Man Portable Anti Armor Weapon Market grows with rising defense modernization programs, increasing demand for lightweight and portable systems, and heightened global security concerns. Strong investment in fire-and-forget technologies, advanced guidance systems, and modular weapon designs enhances operational efficiency and soldier survivability. It benefits from geopolitical tensions and the need for cost-effective, versatile anti-armor platforms across conventional and asymmetric warfare. Key trends include adoption of multi-role systems, integration of AI-enabled targeting, and expansion of joint development programs among allied nations. These dynamics shape a competitive landscape focused on innovation, adaptability, and long-term procurement opportunities worldwide.
The Man Portable Anti Armor Weapon Market shows strong regional presence, with North America leading in share due to advanced R&D and high procurement, followed by Europe with robust NATO-driven demand and Asia Pacific emerging as the fastest-growing region. Latin America, the Middle East, and Africa contribute smaller but steady shares driven by modernization and security needs. Key players include Textron, Leonardo S.p.A., Northrop Grumman, SAAB, Rockwell Collins, General Dynamics, Hewlett Packard Enterprise, Boeing, BAE Systems, and Oshkosh Corporation.
Access crucial information at unmatched prices!
Request your sample report today & start making informed decisions powered by Credence Research Inc.!
Download Sample
Market Insights
- The Man Portable Anti Armor Weapon Market was valued at USD 6.21 billion in 2024 and is projected to reach USD 9.18 billion by 2032 at a CAGR of 5.02%.
- Rising defense modernization programs and growing demand for lightweight, portable systems drive consistent market growth.
- Adoption of fire-and-forget technologies, advanced guidance systems, and modular designs improves soldier survivability and operational efficiency.
- Competitive analysis shows strong presence of global defense leaders investing in innovation and strategic collaborations.
- High development costs and logistical challenges act as restraints, limiting adoption in resource-constrained regions.
- North America leads with advanced R&D and procurement, Europe follows with NATO-driven demand, and Asia Pacific emerges as the fastest-growing region.
- Latin America, the Middle East, and Africa show steady growth supported by modernization and security-focused procurement initiatives.
Market Drivers
Rising Focus on Modern Infantry Capabilities
The Man Portable Anti Armor Weapon Market grows with defense forces investing in modern infantry systems. Nations seek portable, lightweight, and highly effective solutions that enhance soldier mobility in high-threat environments. Military programs emphasize flexibility in anti-armor combat, which drives demand for advanced man-portable systems. It supports rapid deployment in diverse terrains, ensuring operational superiority during short-notice missions. The market benefits from increasing procurement budgets in regions with escalating security challenges. Governments prioritize weapons that balance performance and cost efficiency, strengthening adoption across both established and emerging defense markets.
- For instance, the aircraft integrates the Grifo-346 radar, a defensive aid subsystem, and supports 7 external hardpoints capable of carrying both air-to-air and precision-guided air-to-ground munitions.
Escalating Global Security Concerns and Territorial Disputes
Geopolitical instability, territorial conflicts, and cross-border tensions remain primary growth drivers for the Man Portable Anti Armor Weapon Market. Heightened risks from armored vehicle deployments compel nations to strengthen infantry firepower. It creates consistent demand for systems capable of neutralizing main battle tanks and fortified structures. Modern combat scenarios highlight the importance of versatile, portable weapon platforms. Rising defense alliances and international cooperation reinforce large-scale procurement programs. These dynamics establish strong momentum for continuous adoption and upgrades in man-portable anti-armor systems.
- For instance, The electronics inside the projectile must withstand extremely high forces during gun launch. Northrop Grumman has stated that rounds fired from a 30mm or 50mm cannon experience force loads ranging from 70,000 to 100,000 G’s.
Technological Advancements Enhancing Weapon Effectiveness
Innovation in guidance systems, warhead technology, and lightweight materials accelerates the expansion of the Man Portable Anti Armor Weapon Market. Smart targeting, improved accuracy, and enhanced penetration capabilities strengthen battlefield performance. It enables forces to counter advanced armor protection more effectively while reducing collateral damage. Integration of fire-and-forget capabilities improves soldier survivability and mission success. Development of multi-target adaptability broadens operational use cases across land and urban warfare. These advances shape the market’s direction, positioning next-generation systems as indispensable to modern militaries.
Strong Emphasis on Cost-Effective and Flexible Deployment
Budgetary constraints push governments to prioritize versatile systems that provide high combat value. The Man Portable Anti Armor Weapon Market addresses this requirement through scalable solutions for infantry and special operations. It ensures cost-effective alternatives to larger anti-armor platforms while maintaining mission reliability. Portability reduces logistical challenges, enhancing mobility during rapid-response missions. Flexible deployment across conventional and asymmetric warfare makes these weapons essential to defense modernization strategies. Such attributes continue to influence global procurement policies and reinforce long-term market growth.
Market Trends
Integration of Advanced Targeting and Guidance Technologies
The Man Portable Anti Armor Weapon Market shows a clear trend toward advanced targeting systems. Nations prioritize weapons with laser guidance, infrared imaging, and digital fire control features. It enhances accuracy against moving targets and improves operational efficiency in complex battlefields. Smart guidance systems also reduce operator exposure during engagements. Defense contractors invest heavily in miniaturized electronics to integrate such technologies without adding weight. This trend positions advanced targeting as a core feature of next-generation systems.
- For instance, SAAB’s Guided Multipurpose Munition (GMM) for the Carl Gustaf / AT4 recoilless rifles offers semi-active laser (SAL) homing to hit targets up to 2,500 meters away, with live warhead tests against reinforced concrete walls and up-armored vehicles.
Rising Demand for Lightweight and Portable Configurations
Growing emphasis on soldier mobility drives the need for lighter anti-armor platforms. The Man Portable Anti Armor Weapon Market increasingly features systems designed with composite materials and compact designs. It reduces fatigue and enables longer operational endurance in demanding environments. Portability ensures rapid deployment in urban warfare and mountainous terrains. Governments recognize the operational advantages of lightweight designs for both infantry and special forces. This trend continues to influence procurement choices and product development pipelines.
- For instance, Rockwell Collins’ Defense Advanced GPS Receiver (DAGR) weighs 0.94 lb (0.43 kg), fits in a two-magazine ammo pouch, and tracks 12 GPS channels simultaneously with first fix in under 100 seconds.
Expansion of Multi-Role and Versatile Weapon Systems
Defense strategies shift toward weapons capable of engaging multiple target types. The Man Portable Anti Armor Weapon Market reflects this trend with systems adaptable to armored vehicles, fortifications, and low-flying aircraft. It increases flexibility and reduces reliance on multiple weapon platforms. Multi-role weapons also address budgetary constraints by offering broader mission utility. Manufacturers focus on modular designs to meet varied operational needs. This trend strengthens the relevance of man-portable solutions in modern warfare.
Growing Emphasis on Joint Development and International Collaborations
Collaborative programs between defense contractors and allied governments are expanding. The Man Portable Anti Armor Weapon Market benefits from technology-sharing initiatives that accelerate innovation. It allows smaller nations to access cutting-edge systems at reduced development costs. Joint ventures also support standardization across allied forces, improving interoperability during combined operations. Shared R&D efforts enhance the speed of deployment for new technologies. This trend highlights the strategic importance of international partnerships in shaping the market’s future.
Market Challenges Analysis
High Development Costs and Budget Constraints Limiting Procurement
The Man Portable Anti Armor Weapon Market faces significant challenges from high research, development, and production costs. Advanced technologies, such as smart guidance systems and enhanced warhead designs, require large financial investments. It creates budgetary pressures for governments, especially in developing regions with limited defense allocations. Smaller economies struggle to match the procurement pace of larger nations, which slows adoption rates. Costly maintenance and replacement cycles further burden military budgets. These financial barriers often delay modernization programs, reducing the overall market penetration of advanced systems.
Operational Limitations and Logistical Complexities in Deployment
The Man Portable Anti Armor Weapon Market also encounters difficulties linked to operational and logistical limitations. Systems must balance portability with effectiveness, and in some cases, lighter designs compromise firepower. It challenges armed forces when facing heavily armored threats in high-intensity combat. Harsh environmental conditions, such as deserts or high-altitude terrains, reduce reliability and performance. Storage, transportation, and safe handling of these weapons demand specialized infrastructure and training. Logistical complexities increase deployment times and affect readiness during rapid-response missions. These constraints remain critical challenges that shape procurement decisions worldwide.
Market Opportunities
Expanding Demand from Emerging Economies and Modernization Programs
The Man Portable Anti Armor Weapon Market presents strong opportunities in emerging economies investing in defense modernization. Nations in Asia, the Middle East, and Eastern Europe allocate higher budgets to strengthen infantry capabilities. It creates favorable conditions for suppliers offering cost-effective yet advanced systems. Ongoing replacement of outdated anti-armor platforms drives procurement of lighter, more accurate solutions. Countries engaged in border security and counterinsurgency operations seek portable weapons for rapid deployment. This opportunity supports market expansion through both domestic purchases and international defense contracts.
Advancements in Technology and Focus on Versatile Solutions
Continuous innovation in lightweight materials, fire-and-forget systems, and multi-role platforms opens new avenues. The Man Portable Anti Armor Weapon Market benefits from rising interest in versatile weapons that address armored vehicles, structures, and drones. It supports defense forces seeking systems adaptable to varied combat scenarios. Growing integration of AI-based targeting and networked battlefield communication enhances performance and interoperability. Defense contractors gain opportunities by offering modular systems that reduce long-term lifecycle costs. This creates significant potential for expanding adoption across both advanced and resource-constrained militaries.
Market Segmentation Analysis:
By Product Type
The Man Portable Anti Armor Weapon Market is segmented into optoelectronics, computers, wearable electronics, and portable power systems. Optoelectronics dominate due to their role in improving targeting accuracy, night vision, and laser guidance. Computers strengthen fire control and tactical data processing, enabling real-time decisions in combat. Wearable electronics provide hands-free communication and situational awareness, improving soldier mobility. It increases operational effectiveness during intense missions. Portable power systems ensure continuous operation of advanced components, extending endurance in field conditions.
- For instance, General Dynamics Mission Systems’ PhantomLink™ free-space optics system sustained a 52-kilometre optical link with data rates of 10 Gbps (gigabits per second), transporting video, voice, and high-quality data between mobile command nodes.
By Application
The market is divided into communication systems, surveillance systems, navigation systems, and weapon control systems. Communication systems maintain a leading position due to the importance of secure data exchange in coordinated missions. Surveillance systems enhance battlefield intelligence, supporting both defensive and offensive operations. Navigation systems provide precise troop movement and targeting, even in complex terrains. It lowers risks and improves mission success rates. Weapon control systems gain traction for their ability to enhance strike accuracy and reduce engagement time. These applications highlight the rising use of electronics in combat operations.
- For instance, The contract was for the delivery of seven HPE SGI 8600 supercomputer systems to the DoD.The contract was part of the DoD’s High Performance Computing Modernization Program (HPCMP), an initiative to upgrade high-performance computing systems.
By End User
The market includes army, navy, air force, and special forces as key end users. The army leads due to extensive infantry requirements and consistent need for portable anti-armor capabilities. The navy adopts these systems for coastal defense and amphibious missions, ensuring strong maritime readiness. The air force integrates them for ground support and counter-light armor tasks. It expands operational flexibility across joint missions. Special forces rely on these weapons for lightweight, adaptable solutions in covert and rapid-response operations. These end-user dynamics reinforce the system’s importance across multiple warfare domains.
Segments:
Based on Product Type:
- Optoelectronics
- Computers
Based on Application:
- Communication Systems
- Surveillance Systems
Based on End-User:
Based on the Geography:
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
Regional Analysis
North America
North America commands 33.0% of the Man Portable Anti Armor Weapon Market in 2024, maintaining its lead with strong defense budgets and continuous modernization programs. The United States accounts for the majority of this share due to advanced R&D capabilities, high procurement volumes, and a strong domestic defense industry. Canada and Mexico represent smaller but steady contributors, aligning their procurement with NATO and U.S. standards. It benefits from established production facilities, strong alliances, and frequent defense exercises that create consistent demand for portable anti-armor systems. Growing emphasis on lightweight, advanced, and fire-and-forget systems further strengthens adoption across infantry and special forces. The region’s mature infrastructure and strategic procurement strategies ensure North America’s position as the largest market.
Europe
Europe holds 29.0% of global market share in 2025, supported by major players such as Germany, France, and the United Kingdom. NATO-driven initiatives and joint procurement programs drive regional demand for advanced anti-armor systems. It benefits from robust domestic manufacturing capabilities and strong collaboration between governments and defense contractors. Rising regional tensions, particularly in Eastern Europe, push countries to accelerate modernization and adopt versatile portable platforms. Investments in guided systems, interoperability with allied forces, and digital battlefield technologies further expand demand. The emphasis on replacing aging stockpiles with precision-based, lightweight systems ensures sustained growth. Europe remains a vital market with balanced demand across large and medium-sized economies.
Asia Pacific
Asia Pacific captures 24.0% of global share in 2025 and demonstrates the fastest growth rate among regions. China, India, Japan, and South Korea dominate procurement through ambitious modernization programs and border security initiatives. It benefits from rising defense budgets, regional disputes, and the need for advanced yet mobile anti-armor platforms. Lightweight and multi-role systems gain high demand as militaries shift focus toward flexible and cost-effective weapons. Local production expands significantly, with India and China aiming to reduce dependency on imports through domestic manufacturing projects. Technological partnerships and government-backed initiatives strengthen the regional defense ecosystem. Asia Pacific is set to remain the fastest-growing market as militaries prioritize rapid modernization and advanced infantry equipment.
Latin America
Latin America accounts for 3.8% of the global market share in 2025, with Brazil leading regional demand. Argentina, Chile, and Colombia contribute moderately, focusing on modernization of their infantry and border security forces. It faces constraints from limited defense budgets, yet countries seek cost-effective solutions to replace outdated stockpiles. Import reliance remains high, with global suppliers dominating supply contracts in the region. Lightweight and portable systems are preferred due to their affordability and operational flexibility in diverse terrains. Regional growth remains steady, supported by incremental modernization and rising security needs. Latin America continues to adopt man-portable weapons at a moderate pace compared to other regions.
Middle East & Africa
The Middle East holds 4.0% of the global market in 2025, while Africa accounts for 2.2%. Gulf nations such as Saudi Arabia and the UAE lead Middle East procurement with heavy investments in advanced guided systems and fire-and-forget technologies. It benefits from high defense spending and ongoing regional conflicts that demand rapid deployment of portable weapons. Africa shows slower adoption but continues to increase demand for cost-effective systems, particularly for counterinsurgency and internal security missions. Limited budgets and logistical barriers remain key challenges in African markets, yet procurement is supported by international defense partnerships and aid programs. Both regions show sustained demand for man-portable anti-armor weapons, with the Middle East focusing on high-end systems and Africa on accessible, versatile solutions. These dynamics ensure consistent opportunities across both subregions.
Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!
Key Player Analysis
- Textron (U.S.)
- Leonardo S.p.A. (Italy)
- Northrop Grumman (U.S.)
- SAAB (Sweden)
- Rockwell Collins (U.S.)
- General Dynamics (U.S.)
- Hewlett Packard Enterprise (U.S.)
- Boeing (U.S.)
- BAE Systems (U.K.)
- Oshkosh Corporation (U.S.)
Competitive Analysis
The Man Portable Anti Armor Weapon Market players such as Textron (U.S.), Leonardo S.p.A. (Italy), Northrop Grumman (U.S.), SAAB (Sweden), Rockwell Collins (U.S.), General Dynamics (U.S.), Hewlett Packard Enterprise (U.S.), Boeing (U.S.), BAE Systems (U.K.), and Oshkosh Corporation (U.S.). The Man Portable Anti Armor Weapon Market is characterized by intense competition, with companies focusing on innovation, modular design, and advanced guidance technologies to secure market share. Emphasis on lightweight materials, fire-and-forget capabilities, and multi-role adaptability drives continuous product development. It shows strong alignment with defense modernization programs that demand versatile and cost-effective solutions. Firms pursue partnerships, joint ventures, and government contracts to expand global presence and strengthen production capacity. Integration of digital technologies, such as AI-enabled targeting and enhanced communication systems, further differentiates offerings in the market. The competitive environment ensures sustained innovation, efficiency improvements, and consistent adoption across major defense forces worldwide.
Recent Developments
- In November 2024, L3Harris delivered its first infrared payload for the Space Development Agency’s (SDA) Tranche 1 Tracking Layer program, designed to track advanced missiles like hypersonic glide vehicles in real time.
- In October 2024, OceanSound Partners acquired Antenna Research Associates, a leading provider of integrated radio frequency and advanced communications solutions for aerospace and defence markets, with a focus on enhancing RF capabilities and supporting U.S. Department of Defense priorities.
- In September 2024, Spacepath introduced its first military-grade man-pack terminal designed for troposcatter communications. This portable and rugged system offers secure communication capabilities in hostile environments, enhancing field operations for military personnel.
- In June 2024, Axiscades Technologies commenced the supply of man-portable counter-drone systems to the Indian Army. These systems are engineered to detect, track, and neutralize unauthorized drones, bolstering security measures in operational settings.
Report Coverage
The research report offers an in-depth analysis based on Product Type, Application, End-User and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook
- The market will see rising demand for lightweight and portable systems across all regions.
- Fire-and-forget technologies will become a standard feature in next-generation platforms.
- AI-enabled targeting and digital integration will improve accuracy and reduce operator risk.
- Multi-role weapons will expand adoption by addressing both armored and fortified targets.
- Emerging economies will drive growth through defense modernization and new procurement programs.
- International collaborations will increase, focusing on joint development and technology sharing.
- Local production will rise in Asia and the Middle East to reduce import dependency.
- Special forces will adopt advanced man-portable weapons for rapid and covert missions.
- Modular systems will gain traction, allowing easy upgrades and extended lifecycle value.
- Continuous investment in R&D will ensure innovation and sustain long-term market growth.
