DUBLIN, October 28, 2021--(BUSINESS WIRE)--The "Anti-tank Missile System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global anti-tank missile system market exhibited moderate growth during 2015-2020. Looking forward, the analyst expects the global anti-tank missile system market to grow at a CAGR of around 4% during 2021-2026.
The anti-tank missile system refers to a guided missile intended for obliterating tanks and other vehicles in close battle fighting. These missiles are effective against small- and medium-sized main battle tanks (MBTs) and are available in various sizes that are used in the form of man-portable, tripod mounted and shoulder-launched variants. They are remotely controlled and are usually launched on the ground or through an aircraft. They usually consist of various target guidance systems, including laser guiding, wire guiding and digital imaging systems. In comparison to the traditionally used weapons, anti-tank missiles can penetrate heavier obstructions, such as bunkers, walls and armored vehicles.
The market is primarily being driven by an alarming increase in the instances of armed conflicts, violence and terrorism across the globe. Furthermore, the escalating need for military modernization to enhance national security is also driving the market growth. With the development of next-generation weaponry systems, governments and defense organizations, especially of developing nations, are rapidly adopting novel ATMSs to support and improve the survivability of the fight troops.
Additionally, various technological advancements, such as the development of missiles with a dual-mode seeker, are acting as other growth-inducing factors. These missiles are equipped with infrared and visible color channels to capture targets in low thermal contrast and fiber-optic data links to facilitate remote access to the launch platforms. Other factors, including an overall increase in the defense expenditure across the globe, along with extensive research and development (R&D) activities to upgrade the existing weapon system, are anticipated to drive the market further.
Denel Aerostructures (Pty) Ltd. (Denel SOC Ltd.)
Elbit Systems Ltd.
General Dynamics Corporation
KBP Instrument Design Bureau (Rostec)
Lockheed Martin Corporation
Rafael Advanced Defense Systems Ltd.
Raytheon Technologies Corporation
Key Questions Answered in This Report
How has the global anti-tank missile system market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global anti-tank missile system market?
What are the key regional markets?
What is the breakup of the market based on the missile type?
What is the breakup of the market based on the platform?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global anti-tank missile system market and who are the key players?
What is the degree of competition in the industry?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Anti-tank Missile System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Missile Type
7 Market Breakup by Platform
8 Market Breakup by End-user
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/3umba6
View source version on businesswire.com: https://www.businesswire.com/news/home/20211028005644/en/
Laura Wood, Senior Press Manager
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