"The Global Anti-Tank Missile Market was valued at USD 3.73 billion in 2025 and is projected to reach USD 5.41 billion by 2034, growing at a CAGR of 4.23%."
The anti-tank missile market is a critical segment within the global defense industry, focusing on the development and deployment of guided missile systems designed to target and destroy armored vehicles, including tanks, armored personnel carriers, and other military vehicles. These missiles are equipped with advanced guidance systems, such as infrared homing, laser guidance, and GPS, enabling them to deliver high precision in neutralizing heavily armored threats. The market is driven by increasing defense spending, advancements in missile technology, and the growing need for modernized military capabilities in both conventional and asymmetric warfare scenarios. Anti-tank missiles are also essential for ensuring battlefield superiority and enhancing the effectiveness of military ground forces.
North America and Europe dominate the anti-tank missile market, with major defense contractors such as Lockheed Martin, Raytheon, and MBDA providing advanced missile systems to both NATO allies and other global customers. The Asia-Pacific region is witnessing rapid growth due to the rising defense budgets of countries like China, India, and Japan, along with the increasing need for anti-tank capabilities in regional conflicts and border disputes. Key trends in the market include the development of next-generation guided missiles with enhanced range, maneuverability, and payload capacity, as well as the integration of anti-tank systems with unmanned aerial vehicles (UAVs) and other smart defense technologies. However, challenges such as the high cost of missile systems, concerns over proliferation, and complex geopolitical dynamics may hinder market growth. Despite these challenges, the anti-tank missile market is expected to grow steadily, supported by ongoing defense modernization programs, technological innovation, and the need for advanced anti-armor capabilities.
Report Scope
| Parameter | Detail |
|---|---|
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2034 |
| Market Size-Units | USD billion/Million |
| Market Splits Covered | By Type ,By Platform ,By Application |
| Countries Covered | North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10% free customization(up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Datafile |
Regional Insights
North America Anti-Tank Missile Market
The North American anti-tank missile market is primarily driven by significant defense spending, particularly in the United States, which is a global leader in military technology and missile development. The U.S. military is focusing on advanced anti-tank missile systems that enhance battlefield effectiveness, mobility, and precision targeting. The demand for cutting-edge missile systems, such as precision-guided munitions (PGMs) and advanced guidance systems, is rising as military forces seek to maintain technological superiority. Opportunities lie in the development of multi-platform missile systems, integration with unmanned vehicles, and continued advancements in missile defense systems to counter evolving threats from adversarial forces.
Asia Pacific Anti-Tank Missile Market
Asia Pacific’s anti-tank missile market is growing rapidly due to rising defense budgets, increasing security concerns, and modernizing military forces in countries such as China, India, Japan, and South Korea. These countries are investing heavily in indigenous missile technologies to enhance their anti-tank capabilities. Opportunities in this region include the development of lightweight, high-precision anti-tank missiles, the expansion of missile systems for use in emerging combat environments such as urban warfare, and increasing defense collaborations with global missile manufacturers to enhance technological capabilities and military preparedness.
Europe Anti-Tank Missile Market
Europe’s anti-tank missile market is influenced by the region’s need to address conventional warfare threats, border security concerns, and the increasing focus on defense modernization. Countries like France, Germany, and the UK are investing in both the development and procurement of advanced anti-tank missile systems to bolster their armed forces’ defense capabilities. Opportunities in Europe include integrating anti-tank missile systems into next-generation platforms such as unmanned ground vehicles (UGVs), enhancing missile accuracy and range, and advancing guidance technologies for improved target tracking and neutralization in complex operational environments.
Key Market Insights
- North America and Europe dominate the market due to established defense industries, advanced military technologies, and strong defense budgets.
- Anti-tank missiles are used to neutralize heavily armored threats on the battlefield, including tanks, armored vehicles, and fortifications.
- Asia-Pacific is witnessing rapid growth, driven by increased defense spending and regional security concerns in countries like China, India, and Japan.
- Next-generation anti-tank missiles are being developed with enhanced guidance systems, greater range, and higher accuracy for precision targeting.
- Integration of anti-tank missiles with UAVs and drones is a growing trend, enabling more versatile and remote strike capabilities.
- Advanced guidance technologies such as infrared homing, laser targeting, and GPS-based navigation are improving missile accuracy and effectiveness.
- Cost remains a significant factor, with high prices for advanced anti-tank missiles limiting their widespread adoption, particularly in smaller nations.
- Growing concerns over missile proliferation and the regulation of defense exports are impacting market dynamics and global sales strategies.
- The increasing need for modern anti-tank capabilities in regional conflicts and evolving warfare tactics is driving demand for advanced missile systems.
- Continued technological advancements and strategic investments in defense modernization programs will drive the growth of the anti-tank missile market in the coming years.
Anti-Tank Missile Market Segments Covered In The Report
By Type
- Man-Portable
- Vehicle-Mounted
By Platform
- Airborne
- Ground-Based
By Application
- Defense
- Homeland Security
- Other Applications
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Key Market Players
Elbit Systems Ltd., General Dynamics Corporation, Denel Dynamics, Lockheed Martin Corporation, MBDA Missile Systems Inc., KBP Instrument Design Bureau, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Roketsan A.Ş., BAE Systems, Saab AB, Israeli Military Industries Ltd, Northrop Grumman, EuroSpike GmbH, Thales Group, Bharat Dynamics Limited, Diehl Defence GmbH & Co. KG, Leonardo S.p.A., Nexter Systems, Norinco Group Corporation, Rostec State Corporation, Samsung Techwin Co. Ltd., Korea Aerospace Industries Co. Ltd., Aselsan A.Ş., Otokar Otomotiv ve Savunma Sanayi A.Ş., CZG - Česká zbrojovka Group SE, Nammo AS, Hirtenberger Defence Systems GmbH, Mectron S.p.A., Eurosam S.A.S.Recent Industry Developments
- June 2025: The anti-tank missile market is witnessing advancements in guided missile technologies, enhancing precision and effectiveness in modern warfare scenarios.
- May 2025: Defense contractors are focusing on developing lightweight and versatile anti-tank missile systems to meet the evolving needs of armed forces.
Available Customizations
The standard syndicate report is designed to serve the common interests of Anti-Tank Missile Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.
However, to precisely match the specific research requirements of individual clients, we offer several customization options to include the data and analysis of interest in the final deliverable.
Some of the customization requests are as mentioned below :Segmentation of choice – Our clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
Anti-Tank Missile Pricing and Margins Across the Supply Chain, Anti-Tank Missile Price Analysis / International Trade Data / Import-Export Analysis
Supply Chain Analysis, Supply–Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Anti-Tank Missile market analytics
Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations
Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.
Customization of up to 10% of the content can be done without any additional charges.
Note: Latest developments will be updated in the report and delivered within 2 to 3 working days.
1.1 List of Tables
1.2 List of Figures
2. Anti-Tank Missile Market Latest Trends, Drivers and Challenges, 2024 - 2034
2.1 Anti-Tank Missile Market Overview
2.2 Market Strategies of Leading Anti-Tank Missile Companies
2.3 Anti-Tank Missile Market Insights, 2024 - 2034
2.3.1 Leading Anti-Tank Missile Types, 2024 - 2034
2.3.2 Leading Anti-Tank Missile End-User industries, 2024 - 2034
2.3.3 Fast-Growing countries for Anti-Tank Missile sales, 2024 - 2034
2.4 Anti-Tank Missile Market Drivers and Restraints
2.4.1 Anti-Tank Missile Demand Drivers to 2034
2.4.2 Anti-Tank Missile Challenges to 2034
2.5 Anti-Tank Missile Market- Five Forces Analysis
2.5.1 Anti-Tank Missile Industry Attractiveness Index, 2024
2.5.2 Threat of New Entrants
2.5.3 Bargaining Power of Suppliers
2.5.4 Bargaining Power of Buyers
2.5.5 Intensity of Competitive Rivalry
2.5.6 Threat of Substitutes
3. Global Anti-Tank Missile Market Value, Market Share, and Forecast to 2034
3.1 Global Anti-Tank Missile Market Overview, 2024
3.2 Global Anti-Tank Missile Market Revenue and Forecast, 2024 - 2034 (US$ billion)
3.3 Global Anti-Tank Missile Market Size and Share Outlook By Type, 2024 - 2034
3.4 Global Anti-Tank Missile Market Size and Share Outlook By Platform, 2024 - 2034
3.5 Global Anti-Tank Missile Market Size and Share Outlook By Application, 2024 – 2034
3.6 Global Anti-Tank Missile Market Size and Share Outlook By Segment4, 2024 - 2034
3.7 Global Anti-Tank Missile Market Size and Share Outlook by Region, 2024 - 2034
4. Asia Pacific Anti-Tank Missile Market Value, Market Share and Forecast to 2034
4.1 Asia Pacific Anti-Tank Missile Market Overview, 2024
4.2 Asia Pacific Anti-Tank Missile Market Revenue and Forecast, 2024 - 2034 (US$ billion)
4.3 Asia Pacific Anti-Tank Missile Market Size and Share Outlook By Type, 2024 - 2034
4.4 Asia Pacific Anti-Tank Missile Market Size and Share Outlook By Platform, 2024 - 2034
4.5 Asia Pacific Anti-Tank Missile Market Size and Share Outlook By Application, 2024 – 2034
4.6 Asia Pacific Anti-Tank Missile Market Size and Share Outlook By Segment4, 2024 - 2034
4.7 Asia Pacific Anti-Tank Missile Market Size and Share Outlook by Country, 2024 - 2034
5. Europe Anti-Tank Missile Market Value, Market Share, and Forecast to 2034
5.1 Europe Anti-Tank Missile Market Overview, 2024
5.2 Europe Anti-Tank Missile Market Revenue and Forecast, 2024 - 2034 (US$ billion)
5.3 Europe Anti-Tank Missile Market Size and Share Outlook By Type, 2024 - 2034
5.4 Europe Anti-Tank Missile Market Size and Share Outlook By Platform, 2024 - 2034
5.5 Europe Anti-Tank Missile Market Size and Share Outlook By Application, 2024 – 2034
5.6 Europe Anti-Tank Missile Market Size and Share Outlook By Segment4, 2024 - 2034
5.7 Europe Anti-Tank Missile Market Size and Share Outlook by Country, 2024 - 2034
6. North America Anti-Tank Missile Market Value, Market Share and Forecast to 2034
6.1 North America Anti-Tank Missile Market Overview, 2024
6.2 North America Anti-Tank Missile Market Revenue and Forecast, 2024 - 2034 (US$ billion)
6.3 North America Anti-Tank Missile Market Size and Share Outlook By Type, 2024 - 2034
6.4 North America Anti-Tank Missile Market Size and Share Outlook By Platform, 2024 - 2034
6.5 North America Anti-Tank Missile Market Size and Share Outlook By Application, 2024 – 2034
6.6 North America Anti-Tank Missile Market Size and Share Outlook By Segment4, 2024 - 2034
6.7 North America Anti-Tank Missile Market Size and Share Outlook by Country, 2024 - 2034
7. South and Central America Anti-Tank Missile Market Value, Market Share and Forecast to 2034
7.1 South and Central America Anti-Tank Missile Market Overview, 2024
7.2 South and Central America Anti-Tank Missile Market Revenue and Forecast, 2024 - 2034 (US$ billion)
7.3 South and Central America Anti-Tank Missile Market Size and Share Outlook By Type, 2024 - 2034
7.4 South and Central America Anti-Tank Missile Market Size and Share Outlook By Platform, 2024 - 2034
7.5 South and Central America Anti-Tank Missile Market Size and Share Outlook By Application, 2024 – 2034
7.6 South and Central America Anti-Tank Missile Market Size and Share Outlook By Segment4, 2024 - 2034
7.7 South and Central America Anti-Tank Missile Market Size and Share Outlook by Country, 2024 - 2034
8. Middle East Africa Anti-Tank Missile Market Value, Market Share and Forecast to 2034
8.1 Middle East Africa Anti-Tank Missile Market Overview, 2024
8.2 Middle East and Africa Anti-Tank Missile Market Revenue and Forecast, 2024 - 2034 (US$ billion)
8.3 Middle East Africa Anti-Tank Missile Market Size and Share Outlook By Type, 2024 - 2034
8.4 Middle East Africa Anti-Tank Missile Market Size and Share Outlook By Platform, 2024 - 2034
8.5 Middle East Africa Anti-Tank Missile Market Size and Share Outlook By Application, 2024 – 2034
8.6 Middle East Africa Anti-Tank Missile Market Size and Share Outlook By Segment4, 2024 - 2034
8.7 Middle East Africa Anti-Tank Missile Market Size and Share Outlook by Country, 2024 - 2034
9. Anti-Tank Missile Market Structure
9.1 Key Players
9.2 Anti-Tank Missile Companies - Key Strategies and Financial Analysis
9.2.1 Snapshot
9.2.3 Business Description
9.2.4 Products and Services
9.2.5 Financial Analysis
10. Anti-Tank Missile Industry Recent Developments
11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information
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FAQ's
The Global Anti-Tank Missile Market is estimated to generate USD 3.73 billion in revenue in 2025.
The Global Anti-Tank Missile Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.23% during the forecast period from 2025 to 2034.
The Anti-Tank Missile Market is estimated to reach USD 5.41 billion by 2034.
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