Europe Man-Portable Rocket Launcher Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.9 Billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030.
The Europe Man-Portable Rocket Launcher Market has seen substantial growth due to increasing defense and security concerns. As governments across Europe prioritize military modernization, the demand for advanced, lightweight, and versatile weaponry is surging. Man-portable rocket launchers, designed for easy use by individual soldiers, are essential for various military operations and offer distinct advantages over heavier artillery. These systems provide soldiers with the ability to neutralize armored vehicles, fortifications, and air threats with precision, making them indispensable in modern warfare.
The market's growth is primarily driven by the heightened need for portable, effective defense systems in both military and counter-terrorism operations. European countries, recognizing the importance of self-reliant defense capabilities, have ramped up procurement of these weapons. Moreover, the technological advancements in launchers, such as improved guidance systems and enhanced payload options, have significantly increased the demand. Many industries are pushing for rocket launchers that can be easily integrated with various platforms, making them more flexible and adaptable for various scenarios.
One of the key factors fueling the market demand is the evolving nature of military conflicts. As warfare becomes more complex, armies need weapons that can be easily carried, deployed, and used in diverse environments. These launchers offer superior mobility, precision targeting, and the ability to strike high-value targets quickly. They are also used by special forces and during urban warfare, where traditional artillery systems might be impractical.
The defense sector’s evolving requirements, such as increased maneuverability, reduced weight, and enhanced firing range, are shaping the future of the Man-Portable Rocket Launcher Market in Europe. Additionally, the rise of non-state actors and asymmetric warfare has amplified the need for compact yet highly effective defense solutions.
As the Europe Man-Portable Rocket Launcher Market continues to expand, the integration of innovative technologies, including guided missiles and advanced fire control systems, is likely to further enhance the capabilities of these weapons. This transformation will cater to the diverse needs of modern militaries, leading to increased demand across the continent.
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General Dynamics
Lockheed Martin
Raytheon
Saab
Thales
Instalaza
Bazalt
Safran
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Man-Portable Rocket Launcher Market
Shoulder-Launched
Vehicle-Mounted
Platform-Based
Short-Range
Medium-Range
Long-Range
Single-Shot
Multi-Shot
Chemical Propellant
Electric Propellant
Hybrid Propellant
Anti-Tank
Anti-Aircraft
Anti-Personnel
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Man-Portable Rocket Launcher 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. Europe Man-Portable Rocket Launcher Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Man-Portable Rocket Launcher Market, By Type
6. Europe Man-Portable Rocket Launcher Market, By Application
7. Europe Man-Portable Rocket Launcher Market, By Geography
Europe
Germany
UK
France
8. Europe Man-Portable Rocket Launcher Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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