Anti-tank Missile System Market Size 2024 To 2032
- The global anti-tank missile system market size reached USD 3.1 Billion in 2023.
- The anti-tank missile system market market size is expected to reach USD 4.2 Billion by 2032, exhibiting a growth rate (CAGR) of3.1% during 2024-2032.
- Based on missile type, the market is classified into man-portable and vehicle-mounted.
- On the basis of platform, the market is bifurcated into airborne and ground-based.
- Based on the end user, the market is divided into military and commercial.
- On a regional basis, the market is segregated into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
- The growth of the anti-tank missile system market is driven by the rising focus on indigenous defense manufacturing and self-reliance among several countries.
- Additionally, increased defense budgets and the allocation of funds toward research and development of advanced missile systems are boosting market growth.