Anti-Tank Missile System Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Man-Portable, Vehicle-Mounted), By Application (Homeland, Defense), By Platform (Land, Aerial) , By Region, Competition, 2020-2030F

Market Overview

The Global Anti-Tank Missile System Market, valued at USD 8.40 Billion in 2024, is projected to experience a CAGR of 6.78% to reach USD 12.45 Billion by 2030. Anti-tank missile systems are guided munitions primarily designed to identify, engage, and neutralize heavily armored ground vehicles such as tanks and infantry fighting vehicles. The market for these critical defense assets is significantly propelled by several key drivers, including escalating geopolitical tensions and regional conflicts globally, which necessitate enhanced defensive and offensive capabilities. Furthermore, ongoing military modernization initiatives by nations worldwide, focused on upgrading and expanding their arsenals, consistently fuel demand for advanced anti-tank solutions.

According to the European Defence Agency, EU Member States' defense investments reached €72 billion in 2023, with procurement spending projected to exceed €90 billion in 2024, reflecting substantial capital available for equipment acquisition within the defense industry. However, a notable challenge impeding market expansion is the inherently high cost associated with the research, development, and procurement of these advanced missile systems.

Key Market Drivers

The Global Anti-Tank Missile System Market is significantly shaped by escalating geopolitical tensions and regional conflicts. These unstable environments drive immediate and substantial demand for advanced anti-armor capabilities, as nations seek to bolster their defensive and offensive postures against evolving threats. For instance, according to Lockheed Martin, in August 2024, the U. S. Army awarded the Javelin Joint Venture a $1.3 billion follow-on contract for Javelin missiles and associated equipment, which included more than 4,000 Javelins specifically to replenish rounds sent to Ukraine. Concurrently, ongoing military modernization initiatives globally represent another pivotal driver. Countries are actively upgrading their defense arsenals, replacing legacy systems with newer, more effective anti-tank solutions featuring enhanced precision, extended range, and multi-platform integration. This is evident as, according to Defence Industry Europe, in November 2023, MBDA Deutschland announced the commencement of full-scale production for its Enforcer lightweight portable missile system, with the German Ministry of Defence having placed an initial order for 850 missiles, scheduled for delivery by the end of 2024 at a cost of €76 million.

The combined effect of these factors generates sustained market activity for anti-tank missile systems. The focus remains on developing and procuring systems capable of neutralizing modern armored threats efficiently and reliably in diverse combat scenarios. This push for enhanced capabilities is reflected in manufacturing expansions. According to Lockheed Martin, in July 2025, the Javelin program is projected to increase its annual production capacity from 2,400 to 3,960 Javelin missiles by late 2026 to address growing worldwide demand. Such investments across the industry underscore a clear trajectory of growth and innovation within the anti-tank missile system market.

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Key Market Challenges

The inherently high cost associated with the research, development, and procurement of advanced anti-tank missile systems represents a significant impediment to market expansion. These substantial financial outlays directly limit the scale of acquisition for many nations, particularly those with more constrained defense budgets. The extensive investment required for advanced capabilities means that even well-resourced militaries must carefully prioritize procurement, often extending refresh cycles or opting for upgrades to existing inventories rather than new system purchases. This dynamic directly slows the overall growth trajectory of the market.

This resource intensity necessitates difficult choices, potentially deferring modernization for some defense forces. For instance, according to the NATO Support and Procurement Agency, in January 2024, contracts totaling approximately $4 billion were concluded for a package including anti-tank guided missiles, 155-mm artillery, and tank ammunition. Such considerable expenditures for a range of munitions underscore the financial pressures on defense budgets, inevitably impacting the volume of anti-tank missile systems that can be acquired by member states.

Key Market Trends

The Global Anti-Tank Missile System Market is observing significant shifts driven by evolving operational requirements. Miniaturization and enhanced portability for infantry use represent a primary trend, enabling individual soldiers to carry and operate anti-tank systems with greater ease and tactical flexibility. This focus on reducing the size and weight of missile systems decreases the logistical burden on ground forces, facilitating quicker deployment in diverse combat environments and supporting dispersed infantry operations. According to the Defence Research and Development Organisation, in August 2024, the indigenously developed Man-Portable Anti-Tank Guided Missile was successfully test-fired in Jaisalmer, Rajasthan, India, demonstrating progress in compact system development. These smaller, lighter systems enhance responsiveness and direct engagement capabilities for frontline personnel.

Another prominent trend reshaping the market is the integration of anti-tank missile systems with unmanned platforms and network-centric operations. This approach leverages robotic systems and interconnected combat networks to extend situational awareness, reduce risk to human operators, and enable precision engagements beyond visual line of sight. According to General Atomics Aeronautical Systems, Inc. , in November 2023, a partnership was formed with the EDGE Group to install UAE-manufactured smart weapons on the MQ-9B SkyGuardian drone, illustrating this move towards advanced airborne integration. This trend facilitates target acquisition and engagement through remote control and autonomous functions, amplifying the effectiveness of anti-tank capabilities across the modern battlefield. These advancements are crucial given that, according to the Stockholm International Peace Research Institute, in April 2024, total global military expenditure reached $2443 billion in 2023, marking a 6.8 per cent real-terms increase from 2022, indicating substantial investment in defense modernization.

Segmental Insights

The Man-Portable Type segment is experiencing the most rapid expansion within the Global Anti-Tank Missile System Market. This growth is primarily attributed to a confluence of factors, including ongoing military modernization initiatives and increasing defense expenditures worldwide, driven by evolving security landscapes and geopolitical tensions. Nations are prioritizing lightweight, highly mobile, and versatile defense mechanisms that empower infantry units to effectively engage armored threats across diverse operational environments without the need for heavy vehicle support. Furthermore, continuous technological advancements have led to the development of man-portable systems with enhanced precision, extended range, and improved guidance capabilities, making them highly effective and accessible to a broader array of armed forces globally.

Regional Insights

North America leads the global anti-tank missile system market, primarily driven by the United States' substantial defense budget and continuous investment in military modernization programs. The region benefits from the strong presence of major defense contractors, such as Lockheed Martin and RTX Corporation, which possess extensive expertise in developing advanced anti-tank guided missile systems with superior technology. These companies actively contribute to ongoing technological advancements in precision-guided munitions. Furthermore, the robust procurement strategies of entities like the U. S. Department of Defense, exemplified by consistent contracts for systems such as Javelin and TOW missiles, ensure sustained demand and foster innovation in anti-tank warfare capabilities. This strategic commitment to defense spending and technological leadership underpins North America's market dominance.

Recent Developments

• In August 2025, the Military Institute of Armament Technology (WITU) presented its next-generation MOSKIT LR (Long Range) anti-tank guided missile system at the MSPO 2024 exhibition in Kielce, Poland. This state-of-the-art system emphasizes precision and versatility for contemporary battlefield needs, designed to neutralize heavily armored vehicles and hovering helicopters. The MOSKIT LR features an operating range of 100 to 5,000 meters and is equipped with a tandem hollow-charge warhead capable of penetrating reactive protection systems. Its adaptability allows for mounting on various platforms, including vehicles and helicopters, alongside a portable version for infantry.

• In July 2025, the Javelin Joint Venture, a collaboration between Lockheed Martin and Raytheon, initiated a substantial modernization of its Javelin anti-tank missile production line. This strategic upgrade is designed to address increasing global demand for the system and ensure consistent delivery to allied forces. The venture aims to boost annual Javelin missile production from approximately 2,400 to 3,960 by late 2026. This significant 65 percent increase is being achieved through the implementation of advanced manufacturing enhancements across several Lockheed Martin facilities, reflecting a commitment to sustain the supply of this critical anti-armor weapon.

• In January 2025, MBDA showcased its innovative ENFORCER weapon system for the first time in Cyprus, specifically targeting modern battlefield requirements and special forces operations. This system represents a significant development, bridging the performance gap between non-guided anti-tank and advanced guided anti-tank missile systems. Developed within a multinational program and being one of MBDA’s largest self-funded initiatives, the ENFORCER underwent multiple successful guided-missile tests by the German Army, engaging targets at ranges between 1000 and 2000 meters. The German Armed Forces subsequently procured the system, designated "LWM 1800+".

• In February 2024, Saab and MBDA strengthened their collaboration to advance anti-tank and air defense capabilities, aligning with a new strategic partnership between France and Sweden. The initial focus of this agreement is the delivery of the Akeron MP anti-tank missile, for which both companies received a contract from their respective governments. This partnership also involves creating a future capability roadmap to develop advanced functionalities for the Akeron MP, including beyond line-of-sight firing. This ongoing development aims to ensure the missile maintains its operational relevance and effectiveness against future targets in high-intensity conflicts.

Key Market Players

• Raytheon
• Lockheed Martin
• MBDA
• Rafael
• Saab
• Roketsan
• BAE Systems
• Denel
• NORINCO
• KBP

Report Scope:

In this report, the Global Anti-Tank Missile System Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Anti-Tank Missile System Market, By Type:

o   Man-Portable

o   Vehicle-Mounted

• Anti-Tank Missile System Market, By Application:

o   Homeland

o   Defense

• Anti-Tank Missile System Market, By Platform:

o   Land

o   Aerial

• Anti-Tank Missile System Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Anti-Tank Missile System Market.

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Global Anti-Tank Missile System Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

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