Man Portable Anti-Tank System Market Valued at USD 6.8 Billion in 2023

Overview

According to the latest research report by Market Intelo, the global Man Portable Anti-Tank System
market was valued at USD 6.8 billion in 2023 and is projected to reach USD 11.2 billion by 2032, growing at a CAGR of 5.7% during the forecast period (2024–2032). The increasing focus on modern warfare capabilities, enhanced mobility of infantry troops, and continuous upgrades in anti-armor technologies are among the major factors fueling market expansion.

Man portable anti-tank systems (MPATS) are shoulder-launched or tripod-mounted weapons designed to engage and neutralize armored vehicles, fortified structures, and tanks. These systems play a vital role in modern combat, offering lightweight design, precision targeting, and enhanced operational mobility for ground forces across challenging terrains. The integration of advanced guidance systems and smart warheads has further strengthened the operational efficiency of these systems in both defensive and offensive missions.

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Market Dynamics
Growing Military Modernization and Defense Investments

The expansion of global defense budgets is a key driver behind the rapid adoption of man portable anti-tank systems. Governments are increasingly prioritizing the modernization of infantry weapon systems to improve operational flexibility and effectiveness. Countries such as the United States, India, China, and Russia are making significant investments in advanced anti-tank technologies to counter evolving armored threats. These modernization programs are focused on mobility, precision, and the integration of multi-role capabilities in lightweight platforms.

Rise in Asymmetric Warfare and Border Tensions

With rising regional conflicts and cross-border hostilities, demand for portable and effective anti-tank solutions has grown considerably. The nature of modern conflicts—characterized by rapid, small-unit engagements—requires adaptable weapon systems capable of quick deployment. Portable anti-tank systems offer military personnel the agility and precision needed for both defensive and offensive operations, particularly in mountainous or urban terrains.

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Market Segmentation
By System Type

The market is categorized into rocket-propelled grenades (RPGs), recoilless rifles, and anti-tank guided missiles (ATGMs). Among these, the ATGM segment dominates the market due to its precision-guidance capabilities, extended range, and penetration effectiveness. RPGs continue to hold substantial demand in emerging economies because of their affordability and ease of operation, particularly for small-scale defense and paramilitary operations.

By Guidance Type

Based on guidance, the market is divided into wire-guided, laser-guided, and infrared-guided systems. Infrared-guided systems are expected to record the fastest growth rate during the forecast period, owing to advancements in heat-seeking technologies and enhanced target lock capabilities. Laser-guided systems remain popular due to their superior accuracy and reliability in diverse combat environments.

By Range

The market is segmented into short-range, medium-range, and long-range systems. Medium-range systems currently dominate global deployments due to their versatility and ability to balance range, accuracy, and mobility. However, long-range anti-tank systems are gaining traction among advanced military forces to enhance standoff engagement and minimize operator exposure.

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Regional Insights
North America

North America leads the global market, driven by robust defense R&D, modernization programs, and advanced weapon production capabilities. The United States remains the largest market due to continuous investments in next-generation anti-tank missile systems such as the Javelin and Spike series. Strategic collaborations between the U.S. Department of Defense and key defense contractors have ensured a consistent pipeline of technological innovation and procurement.

Europe

Europe holds a significant share of the global man portable anti-tank system market, fueled by increased NATO spending and cross-border defense collaboration. Nations such as Germany, the U.K., France, and Italy are enhancing their ground combat systems to ensure preparedness against potential armored threats. European defense manufacturers are investing in smart guidance systems and lightweight propulsion technologies to improve operational efficiency and interoperability among allied forces.

Asia-Pacific

The Asia-Pacific region is projected to exhibit the highest CAGR during the forecast period due to rising defense modernization initiatives, increasing territorial disputes, and the establishment of indigenous arms production programs. China and India are leading the regional market through domestic development of portable anti-tank systems tailored for mountainous and desert warfare. Furthermore, defense partnerships and technology transfers across Southeast Asian countries are stimulating regional growth.

Middle East & Africa and Latin America

The Middle East & Africa region continues to expand its demand for man portable anti-tank systems due to ongoing conflicts and the growing threat of armored insurgencies. Countries like Saudi Arabia, Israel, and the UAE are adopting advanced anti-tank solutions for enhanced border security and counter-terrorism operations. Meanwhile, Latin America’s growth is driven by the modernization of security forces and regional defense collaborations aimed at strengthening tactical readiness.

Technological Advancements
Integration of Smart Targeting and Guidance Systems

Modern anti-tank systems are increasingly integrating AI-assisted targeting, thermal imaging, and fire-and-forget capabilities. These advancements have significantly improved accuracy, reduced operator risk, and enhanced mission effectiveness. The growing use of network-enabled systems allows soldiers to engage multiple targets simultaneously with real-time battlefield data support.

Lightweight and Modular Designs

Manufacturers are focusing on developing systems that enhance soldier mobility without compromising firepower. The introduction of composite materials, ergonomic launch tubes, and modular architecture has made anti-tank systems easier to transport and deploy. Additionally, innovations in reusable launchers and compact designs have reduced operational costs for defense forces worldwide.

Competitive Landscape

The global man portable anti-tank system market is moderately consolidated, with major players focusing on R&D, joint ventures, and government contracts. Prominent companies in the market include:

Raytheon Technologies Corporation

Lockheed Martin Corporation

Saab AB

Rafael Advanced Defense Systems Ltd.

Thales Group

MBDA

BAE Systems PLC

Denel Dynamics

Northrop Grumman Corporation

Bharat Dynamics Limited

These key players are actively investing in precision-guided technologies, miniaturized propulsion systems, and advanced warhead designs to enhance performance and reduce collateral damage. Strategic alliances and defense export agreements are further strengthening their global footprint.

Market Outlook and Future Opportunities

The man portable anti-tank system market is poised for steady growth as nations focus on modernizing their ground combat capabilities. The increasing need for precision-based, portable, and reliable anti-armor systems is driving innovation in missile guidance, lightweight materials, and mobility solutions. Moreover, the rising emphasis on domestic defense manufacturing under government initiatives such as “Make in India” and “Buy American” policies is expected to create lucrative opportunities for regional players.

As urban and hybrid warfare scenarios become more common, man portable systems will remain critical to achieving tactical superiority and cost-effective battlefield efficiency. Defense contractors that prioritize modularity, range extension, and enhanced survivability will be best positioned to capture upcoming procurement opportunities.

Conclusion

In conclusion, the global man portable anti-tank system market is entering a period of technological transformation and strategic expansion. With the combination of rising defense spending, evolving warfare dynamics, and sustained R&D investments, the market is expected to witness robust growth through 2032. Continuous innovation in guidance systems, miniaturization, and mobility will define the future of portable anti-tank weaponry, ensuring their indispensable role in modern ground operations.