Malaysia Anti-Tank Guided Missile Market size is expected to develop revenue and exponential market growth at a remarkable CAGR during the forecast period from 2024–2030.
Malaysia is undergoing a significant transformation in its anti-tank guided missile (ATGM) capabilities, marking a pivotal shift in its defense procurement strategy. The Malaysian Ministry of Defence (MINDEF) has initiated the replacement of its aging Russian-made Metis-M systems, which have been in service for over two decades, with more advanced and versatile ATGM systems.
In a notable move, Malaysia has become the first export customer for Turkey's Roketsan KaraOK ATGM system. The initial procurement includes 18 launchers and over 100 missiles, with deliveries expected to commence in 2026. The KaraOK system is a man-portable, fire-and-forget missile with a range of up to 2.5 kilometers, capable of both top-attack and direct-attack modes. Its imaging infrared seeker allows for effective day and night operations, enhancing the Malaysian Army's operational flexibility.
Complementing this acquisition, the Malaysian Army has also ordered 800 M72 Enhanced Capacity (EC) lightweight anti-tank weapons from the Nordic Ammunition Company (Nammo). Weighing only 2.5 kilograms and with an effective range of 200 meters, the M72 EC is designed for rapid deployment in urban and rugged terrains, making it ideal for special forces and airborne units.
These procurements reflect Malaysia's strategic intent to modernize its defense capabilities by integrating systems that offer improved mobility, precision, and adaptability to various combat scenarios. The shift from legacy systems to modern ATGMs like the KaraOK and M72 EC underscores a broader trend in the Anti-Tank Guided Missile Market, where nations are prioritizing versatile and technologically advanced solutions to meet evolving security challenges.
As Malaysia continues to enhance its defense posture, these developments signal a commitment to maintaining a robust and responsive military force capable of addressing contemporary threats effectively.
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Denel Dynamics
Elbit Systems Ltd.
KBP Instrument Design Bureau
Lockheed Martin Corporation
MBDA
Rafael Advanced Defense Systems Ltd.
ROKETSAN
Saab AB
Thales Group
By 2030, Malaysia is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Malaysia is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Malaysia is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Malaysia, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia Anti-Tank Guided Missile Market
Wire-Guided Missiles
Laser-Guided Missiles
Radio Frequency (RF) Guided Missiles
Infrared Guided Missiles
Electro-Optical Guided Missiles
Man-Portable Systems
Vehicle-Mounted Systems
Helicopter Launched Systems
Ship-Based Launch Systems
Fixed Wing Aircraft Launch Systems
Short-Range Anti-Tank Guided Missiles
Medium-Range Anti-Tank Guided Missiles
Long-Range Anti-Tank Guided Missiles
Defense
Offense
Training and Simulation
Research and Development
Military
Para-Military
Law Enforcement Agencies
Defense Contractors
1. Singapore
Relationship: Strong economic ties; major trading partner.
Highlights: Advanced financial and logistics hub; shares deep cross-border business and travel links with Malaysia.
2. Indonesia
Relationship: Largest ASEAN economy; close cultural and linguistic ties.
Highlights: Major market for Malaysian exports; shared initiatives in palm oil, labor, and regional security.
3. Thailand
Relationship: Land-border neighbor with active cross-border trade.
Highlights: Strong tourism, agricultural, and automotive collaboration.
4. Brunei
Relationship: Close diplomatic and energy-sector ties.
Highlights: Joint ventures in oil & gas; similar Malay cultural heritage.
5. Philippines
Relationship: Regional partner in ASEAN; maritime neighbor.
Highlights: Collaborations in education, labor migration, and disaster relief.
6. Vietnam
Relationship: Growing trade and investment partner.
Highlights: Rising manufacturing hub; strong demand for Malaysian technology and services.
7. Cambodia, Laos, and Myanmar
Relationship: Developing ASEAN members with growing economic ties to Malaysia.
Highlights: Opportunities in construction, retail, and financial services.
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1. Introduction of the Malaysia Anti-Tank Guided Missile Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Malaysia Anti-Tank Guided Missile Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Anti-Tank Guided Missile Market, By Type
6. Malaysia Anti-Tank Guided Missile Market, By Application
7. Malaysia Anti-Tank Guided Missile Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Anti-Tank Guided Missile Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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