The report on the Anti Tank Missile System Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2028. The report also offers insights into different market segments and other factors affecting the market.

Report Forecast:

The anti tank missile system market was estimated at US$ 19.5 billion in 2021 and is expected to grow at a CAGR of 4.9% during 2022-2028 to reach US$ ~21.3 billion in 2028.

The government-mandated shutdown implemented to stop the spread of COVID-19 has prompted anti-tank missile system manufacturers to suspend their production activities. Additionally, military organisations are required to postpone their intentions to purchase anti-tank missile systems. Due to a scarcity of labour and raw materials, defence firms are experiencing financial losses from the inventory holding costs of incomplete anti-tank missile systems.The travel prohibition put in place by the authorities to contain the COVID-19 spread has a significant negative influence on the development and testing of anti-tank missile systems by preventing employee travel to their places of employment. All transfers and sales of anti-tank missile systems will be halted until the COVID-19 epidemic is under control since governments have dedicated all financial resources to that cause.

The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.

COVID-19 IMPACT on the Market-

The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.

The growth curves of Anti Tank Missile System Market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2022 is probably going to be superior to 2020 for the Anti Tank Missile System Market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.

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The Cornerstones in the market-

Listed below are the top key players that dominate the Anti Tank Missile System Market –

  • Rafael Advanced Defense Systems (Israel)
  • ROKETSAN AS (Turkey)
  • KBP Instrument Design Bureau (Russia)
  • MBDA (France)
  • Raytheon Company (US)
  • Saab AB (Sweden)
  • General Dynamics Corporation (US)
  • Elbit Systems Ltd (Israel)
  • Denel Dynamics (South Africa)
  • Lockheed Martin Corporation (US)

Anti Tank Missile System Market Segmentation:

The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.

The worldwide market has been segmented into man-portable and vehicle-mounted products based on type. During the forecast period, the man-portable category, which had the biggest market share in 2020, is anticipated to see the highest CAGR. The most popular anti-tank weapon on the market is a man-portable missile, also known as a shoulder-launched anti-tank missile. These devices can be carried by one soldier since they are small and light. The entire kit comes with the necessary optics, a tripod assembly, a launcher, and a missile. The mobile and stationary armoured vehicles are both targets of the man-portable anti-tank missile system.

The global market has been divided into airborne and ground-based segments depending on platform. In 2020, the ground-based category had a bigger market share, and throughout the forecast period, the CAGR is anticipated to be higher. Unmanned aerial vehicle use is anticipated to increase, fueling the segment's expansion. The ground-based anti-tank missiles are made to be fired from the ground, either by infantry or armoured vehicles. These missiles can successfully attack and destroy ground targets (such as heavily armoured tanks and other armoured fighting vehicles). As a result, the segment is anticipated to grow over the forecast period.

The market has been divided into categories based on the following geographical regions: North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. According to estimates, North America will have the largest market share in 2020. However, over the projection period, Asia-Pacific is anticipated to develop at the greatest CAGR. The region's growing border and terrorist risks are what are driving demand there. Additionally, in recent years, nations like China, India, and Japan have made significant investments in anti-tank missiles. As a result, Asia-Pacific is anticipated to see the market's highest CAGR throughout the forecast period.

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-          SWOT analysis of key market players (up to 3 players)

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