United States Anti-Tank Guided Missile Market was valued at USD 2.45 Billion in 2022 and is projected to reach USD 4.02 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
The US Anti-Tank Guided Missile (ATGM) market has evolved rapidly in recent years, driven by the increasing demand for advanced defense technologies. These missiles are pivotal in modern warfare, offering precision strike capabilities that enhance the tactical advantage of military forces. With global conflicts on the rise, the market for ATGMs is experiencing significant growth, as nations seek to upgrade their defense systems to counter emerging threats.
One of the key factors propelling this market is the need for high-precision, long-range weaponry capable of destroying heavily armored vehicles. The US military, along with several allied nations, has invested heavily in developing and procuring advanced missile systems. The Javelin missile, a joint venture between the US and several defense contractors, is one of the most widely recognized ATGMs globally, known for its accuracy and portability.
Additionally, technological advancements in missile guidance systems, such as infrared and laser targeting, have further boosted the market. These innovations allow missiles to track targets more effectively, ensuring higher hit rates and reducing collateral damage. With an increasing focus on minimizing civilian casualties during combat operations, these technological advancements are vital.
Strategic alliances between the US and international defense firms have also played a role in market expansion. As global defense budgets increase, countries are keen to adopt cutting-edge technologies, and ATGMs are at the forefront of this trend. Moreover, the integration of Anti-Tank Guided Missiles with other defense technologies, like unmanned aerial vehicles (UAVs), is expected to open up new opportunities in the defense sector.
In addition to defense procurement, the US ATGM market is also influenced by geopolitical factors. Rising tensions in regions such as the Middle East and Eastern Europe are motivating countries to strengthen their military capabilities. As these geopolitical dynamics unfold, the demand for advanced weaponry like Anti-Tank Guided Missiles is anticipated to rise, making it a critical area for defense contractors and manufacturers.
Overall, the US Anti-Tank Guided Missile market is poised for growth, driven by technological innovation, strategic alliances, and the evolving needs of modern warfare. As new missile systems emerge and defense spending continues to increase, this market is set to become a key area of focus for both military and defense industry stakeholders.
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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 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 US 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
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US 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. US Anti-Tank Guided Missile Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Anti-Tank Guided Missile Market, By Type
6. US Anti-Tank Guided Missile Market, By Application
7. US Anti-Tank Guided Missile Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Anti-Tank Guided Missile Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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