Pune, India, July 8, 2017 /MRFR Press Release/- Market research future published a cooked research report on global anti-tank missile market. The global anti-tank missile market is expected to grow over the CAGR of around 4.25% during the period 2017 to 2023
Market Highlights
Anti-tank missiles are largely developed to hit and destroy tanks and other armored military vehicles. These weapons vary in size, ranging from man-portable tripod-mounted and shoulder-launched weapons to vehicle and aircraft-mounted weapons. Growing concerns across the globe regarding terrorist activities along with cross border threats and armed conflicts as expected to push the demand in the anti-tank missile market.
On the basis of platform, global anti-tank missile market is segmented into airborne and ground-based. Ground-based accounted for the largest market share of 58.00% in 2016, with a market value of USD 4,858.7 million and is projected to grow at the highest CAGR of 4.40% during the forecast period. The ground-based anti-tank missiles are designed to be launched from the ground, via armored vehicles or soldiers. These missiles have the ability to efficiently strike and defeat their ground-based targets. Spike, Type 01 LMAT, and FGM-148 Javelin are the most commonly used man-portable missiles. Airborne was the second-largest market in 2016, valued at USD 3,518.3 million in 2016; it is projected to grow at a CAGR of 4.05%.
In 2016, global anti-tank missile market was valued at USD 8,377.0 million and is expected grow at a CAGR of around 4.25%, during the forecast period.
Drivers
Market Research Analysis
On the basis of type, global anti-tank missile market is segmented into vehicle-mounted and man-portable. Out of them, man-portable accounted for the largest market share of 68.00% in 2016, with a market value of USD 5,696.4 million. Man-portable anti-tank missile is also called as shoulder-launched anti-tank missile. Man portable anti-tank missile system is intended to destroy man power, stationary, and mobile armored vehicles. Spike, Type 01 LMAT, and FGM-148 Javelin, are the most commonly used man-portable anti-tank missiles.
Vehicle-mounted was the second-largest market in 2016, valued at USD 2,680.6 million. These systems enable the vehicles/aircraft to detect a target, aim and fire a missile, track, and defeat the target. In 2016, the vehicle-mounted anti-tank missiles accounted for 32% of the global market share and is expected to grow at a CAGR of 3.90%, during the forecast period.
Global Anti-Tank Missile Market, 2016 – 2023 (USD Billion)
Scope of the Report
This study provides an overview of the global anti-tank missile market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Americas, EMEA, and Asia Pacific,. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global anti-tank missile market as type and platform.
By Platform
- Airborne
- Ground-based
- Naval
By Type
- Vehicle-mounted and
- Man-portable
Key Players
The key players of global anti-tank missile market are BAE Systems (UK), Denel Dynamics (South Africa), General Dynamics (US), Israel Military Industries (Israel), KBP Instrument Design Bureau (Russia), Lockheed Martin (US), MBDA (UK), Rafael Advanced Defense Systems (Israel), Raytheon (US), and Saab Bofors Dynamics (Sweden).
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Report details
| Companies Covered | 15 |
| Pages | 134 |
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