Man portable anti-armor weapons are designed to be carried and used by a single person. These weapons are used to attack armored vehicles, including tanks. Soldiers can quickly transport these anti-armor weapons from one location to another in order to attack enemy main battle tanks, planes, or armored vehicles. These weapons are extremely successful in destroying their targets, whether they are stationary or moving.
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In today’s battlefields, the roles of independent combat units are constantly changing. The high frequency of engagements with opposing weapon emplacements in diverse man-made and natural shelters, which cannot be dominated exclusively with small weapons or inferior firepower, is reflected in data from recent combat actions. Man-portable anti-armor weapons are meant to meet these obstacles by relying on sophisticated qualities such as great agility and adaptability to operate in a variety of locations while ensuring ultimate safety from a variety of dangers.
The roles of independent fighting units are continually changing on today’s battlefields. Data from recent combat actions demonstrate the high frequency of engagements with hostile weapon emplacements in a variety of man-made and natural shelters, which cannot be dominated solely with tiny weapons or inferior firepower. Anti-armor weapons designed for man-portability are designed to overcome these challenges by depending on advanced traits like exceptional agility and adaptability to function in a range of environments while assuring ultimate safety from a variety of threats.
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Key Trends and Drivers
- Increasing demand from militaries and law enforcement agencies
- Growing use of these weapons in regions across the world
- Growing demand for these weapons in the defense and security sector
Restraints and Challenges
- Cut-down in non-essential spend owing to slowdown in the global market and diversion of funds to Healthcare
- High cost of the weapons and the lack of demand from the military
- Challenges and restrictions in transfer of this sensitive technology
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Market Segments
The Man Portable Anti-Armor Weapons Market is segmented into Application, Type, Platform, Technology, and Region. On the basis of Application, the Man Portable Anti-Armor Weapons market is segmented into Homeland and Defense. Based on Type, the market is segmented into Anti-Aircraft Missiles, Anti-Tank Rifles, Recoilless Rifles, and Rocket Propelled Grenades (RPG). Based on Platform, the market is bifurcated into Land and Aerial. Based on technology, the market is bifurcated into Guided and Un-guided. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.
Key Players
Some of the key players of Man Portable Anti-Armor Weapons Market are Saab AB (Sweden), MBDA Inc. (France), Rostec State Corporation (Russia), Nammo AS (Norway), Konstruktorskoye Byuro Mashynostroyeniya (Russia), Lockheed Martin Corporation (US), Bharat Dynamics Limited (India), Thales Group (France), Raytheon Company (US), and BAE Systems (UK).
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