Anti-Tank Guided Missile Market Size & Share 2026-2035

Anti-Tank Guided Missile Market Size

The global anti-tank guided missile market was valued at USD 8.9 billion in 2025. The market is expected to grow from USD 9.6 billion in 2026 to USD 12.1 billion in 2031 & USD 14.7 billion in 2035, at a CAGR of 4.8% during the forecast period according to the latest report published by Global Market Insights Inc.

The growth of the market is attributed to rising geopolitical tensions and cross-border conflicts, increasing defense budgets and military modernization programs, growing procurement of advanced anti-armor weapon systems, rapid advancements in precision-guided missile technologies including fire-and-forget and top-attack capabilities, and the expanding focus on indigenous missile development and defense self-reliance initiatives across major economies.

The market includes increase in global geopolitical concerns, border management needs, and focus on enhanced ground warfare capabilities. Growing incidence of regional conflicts have increased the significance of high-performance anti-armour systems with proven ability to target state-of-the-art main battle tanks and armoured defence structures accurately. For instance, the U.S. Defense Security Cooperation Agency (DSCA) approval of a possible Foreign Military Sale of the Javelin Missile System to India in November 2025. The proposed sale aims to strengthen India's capability to address current and future security threats while enhancing defense interoperability and regional stability, demonstrating the growing global investment in advanced anti-tank missile capabilities.^{[1]Defense Security Cooperation Agency, dsca.mil}

Additionally, the swift technological progress of precision guided missile and smart ammunition like fire and forget technology, top-attack capability, seeker technology enhancement, advanced infrared sensor and extended attack range also has driven strong demand and growth in the market, since the modern defense capability require increased operating precision with minimum soldier involvement in high risk battlefield. On the other side, Governments across the world are focus on the domestic production and in-country missile development program to boost self-defense capability and achieve less dependency on imports along with buildup robust domestic defense industry structure. For instance, India's Defence Research and Development Organisation (DRDO) successfully conducting flight tests of the Nag Missile System (NAMIS), validating the performance of the indigenous anti-tank guided missile under operational conditions. The successful trials support India's efforts to strengthen indigenous defense capabilities under the Aatmanirbhar Bharat initiative while meeting future operational requirements of the Indian Army.^{[2]Nag Missile Carrier (NAMICA) weapon system trials,pib.gov}

The market has been growing at a constant rate in the past few years on the backdrop of increase in defense spending, rise in procurement of modern infantry weapons and the ongoing military modernization in developed economies. Moreover, rise in expenditure in precision guided ammunition and development of new technologies for anti-armor missile systems along with increase in domestic defense production programs, and emerging combat tactics, and the rise in adoption of advanced tanks are also the major factors supporting the growth of the market.

Anti-Tank Guided Missile Market Trends

• Modern and advanced next-generation fire-and-forget and top-attack missile technologies are reshaping the market of the Anti-Tank Guided Missile. ATGMs with next-generation infrared sensors, imaging guidance, and auto target identification provide better first shot hit probability and better operator safety. This trend has accelerated since 2021 as armed forces increasingly prioritize precision-guided munitions for modern battlefield operations and is expected to continue through the forecast period with sustained investments in smart weapon technologies.
• The trend towards further integration of ATGMs with network-centric warfare and digital battlefield networks offers advantages in effectiveness and operation. ATGM is being developed to integrate with unified C2 systems allowing for shared real-time targets, engagements beyond the horizon and combined multi-domain effects. For instance, is the U.S. Army's Precision Strike Missile (PrSM) Increment 2 development, which focuses on enhanced seeker technology and network-enabled targeting to improve battlefield precision and interoperability under the Long-Range Precision Fires modernization initiative.^{[3]U.S. Army – Precision Strike Missile (PrSM) Modernization,army.mil}
• Extended range, multi-platform ATGMs offer new levels of versatility. Missile designers are offering weaponry that can be fielded from infantry systems, armored vehicles, and helicopters and from UAVs at long range and with a increased lethality to threat objectives. It also provides potential for common families of missiles across various combat platforms increasing effectiveness of logistic support and support of troops in battlefield.
• A growing market trend involves increasing the use of ATGMs with UAS (Unmanned Aerial Systems) and Loitering Munition Platforms. In fact, militaries are increasingly incorporating the use of ATGMs mounted on unmanned vehicles for increased stand-off range and without putting human soldiers at risk. For instance, the U.S. Department of Defense's Replicator Initiative, which accelerates the deployment of autonomous and attritable systems capable of operating in contested environments, driving future integration of precision-guided weapons with unmanned combat platforms.^{[4]Implementing the Department of Defense Replicator Initiative,diu.mil}

Anti-Tank Guided Missile Market Analysis

Based on the launch platform, the anti-tank guided missile market is divided into land-based, air-launched ATGMs, and naval ATGM systems.

• The land-based segment led the market in 2025, holding a 64.8% share. This segment led by heavy demand for ATGM systems for eliminating enemy tanks, armored personnel carriers, and fixed fortifications. Military modernization programs coupled with the demand for man-portable and vehicle-mounted ATGMs coupled with increased preference towards fire-and-forget and top-attack ATGM systems, coupled with escalating tensions in various geopolitical hotspots and enhanced requirements of ground warfare capabilities has also led the demand.
• The air-launched ATGMs segment is anticipated to grow at a CAGR of 6.3% over the forecast period. Growing integration of precision-guided anti-tank missiles on attack helicopters, armed UAVs, and fixed-wing combat aircraft, for enhancing stand-off strike capability and operational effectiveness on the battlefield are fuelling market growth. Development of light weight missile designs, long range strike capabilities, multi-mode guidance technology is expected to lead to rapid adoption of the air-launched anti-tank missiles. Increased investments in network-centric warfare and air-based precision strike capabilities will fuel growth of this market during the forecast period.

Based on the range classification, the anti-tank guided missile market is divided into short-range ATGMs, medium-range ATGMs, long-range ATGMs, and extended/NLOS.

• The long-range ATGMs segment dominated the market in 2025 and was valued at USD 3.6 billion owing to its spearheads, the market based on unmatched combat reach, precision hit, and capability to take down heavily armored battle targets from a safe, stand-off range. Such systems are mostly deployed on fighting vehicles, armed vehicles, and attacking helicopters and ground-based launcher systems so that they provide better safety from the battle on their operatives. As ongoing investments in smart technology and weapon guidance are increasing the demand for MLRG ATGM.
• The extended/NLOS segment is expected to witness growth at a CAGR of 14.3% during the forecast period due to increasing demand for light, man-portable anti-tank weapon systems, that are suitable for providing infantry operations, border security, urban warfare and rapid response missions is fuelling the market growth. Development of miniaturized missiles, increasing portable design, upgrading of guidance system, decreasing weight of the systems and enhanced manoeuvrability of dismounted soldiers has contributed towards high demand for light weight man portable anti-tank weapon system market. Emerging nations are showing higher interest in defence modernization programs and to procurement of shoulder-fired anti-tank missiles systems, which further stimulates the demand of short range ATGMs segment in forecast period.

Based on the end-user, the anti-tank guided missile market is divided into land forces, air forces, and naval forces.

• The land forces segment led the market in 2025 with a market share of 69.9% as segment tops the market driven by the prevalent use of ATGMs by infantry, mechanized and armoured units to eliminate adversary tanks, armoured vehicles and fortifications. Growing defence spending, constant military modernisation efforts, the acquisition of smart fire and forget as well as top attack missile systems are key factors contributing to robust sales in leading defence expenditure nations. Moreover, emphasis on improving battlefield survivability, mobility and precision capabilities is further solidifying the leadership position of land forces segment.
• The naval forces segment is expected to witness growth at a CAGR of 7.9% during the forecast period. This growth is increasing due to use of guided anti-tank missile systems by naval infantry, expeditionary forces, and naval forces for strengthening their capability for combat in amphibious environments and littoral warfare is another key driver for this growth. Guided ATGMs on combat craft, patrol boats and on unmanned remote weapon stations are being progressively integrated to effectively attack heavy armored vehicles and hard targets in coastal areas. Further, progress made in lightweight missile technology, increased range for engaging targets, and network-centric targeting is increasing operational flexibility. Increased expenditure in coastal security, expeditionary forces, and multi-domain operations will continue to positively impact growth in naval forces segment over the forecasted period.

North America Anti-Tank Guided Missile Market

North America held a share of 29.9% of market in 2025.

• In North America, the anti-tank guided missile spending is boosted by ongoing expansion of defense expenditure in this region as well as ongoing military renovation programs in the Middle Eastern nations along with increasing purchase of third Generation and beyond, guided weaponry. Driven by significant and constant urge for enhancing land battle capability, troop survivability and the preparation to engage enemy anti-armor the market for modern, guided long-range tank and guided tank weapon system that have fire-and-forget capacities continues to get traction.
• Governments increasingly investing in modern technologies such as multi-mode seekers, long range engagement options, and network centric targeting capabilities, North America is poised to retain its position as a global leader in the ATGM market during the forecast period based on capabilities for domestic defense production, ongoing research and development, and investment in future ground systems.

The U.S. anti-tank guided missilemarket was valued at USD 2.1 billion and USD 2.3 billion in 2022 and 2023, respectively. The market size reached USD 2.6 billion in 2025, growing from USD 2.4 billion in 2024.

• Sustained investment under a U.S. Army modernization strategy, increased procurement of PGMs and continued upgrades of existing legacy anti-armor weapon systems is driving the growth of the U.S. market. Enhanced targeting acquisition, improved network-enabled battlefield capabilities and deployment of advanced fire-and-forget missiles are all bolstering U.S. Ground warfighting capabilities.
• Additionally, strong U.S. Government funding is channeled into the nation's defense industrial base through investment in programs targeting missile research, testing, and manufacturing, including ongoing spending on long-range precision fires, sophisticated guidance systems, multi-domain operations, and a well-established Department of Defense (DoD)-defense contractor partnership.

Europe Anti-Tank Guided Missile Market

Europe market accounted for USD 575.1 million in 2025 and is anticipated to show lucrative growth over the forecast period.

• Europe's market is expected to grow because of increased tensions and subsequent increases in defense spending and military modernization. Europe has experienced significant changes in the security arena, and because of the changing security environment, many nations are upgrading their ground warfare strength through acquisition of superior anti-tank guided missiles with fire-and-forget guidance, top-attack functionality and a high rate of engagement. The focus on increased deterrence and combat readiness across the area will fuel the expansion of the market.
• European nations are also focusing on home-grown missile capabilities and partnerships on defense initiatives for the enhancement of regional defense strengths & decrease reliance on outside sourcing. Investment in modern technologies to make advanced missiles and next-generation guidance programs & networked battle system technologies is quickly driving both progress and purchase of contemporary anti-tank directed projectile system systems. Rising national defense budgets in combination with NATO capability purpose is expected to offer consistent long-lasting demand over the regional region.

Germany dominates the Europe anti-tank guided missile market, showcasing strong growth potential.

• Germany has gained the largest market share in Europe anti-tank guided missiles market, due to its developed defense industrial capabilities, increasing emphasis on military modernization, and ongoing investment in Land Combat capabilities. Germany is stepping up on procurement of future anti-tank guided missile systems to gain the fighting edge of its land forces and is meeting with its NATO allies to consolidate efforts to develop and procure systems. This along with the emphasis on local development and production of defense weapons, advancements in guidance of these missiles and collaboration with European countries for the acquisition of these missiles is ensuring the Germany dominance in market share.
• Additionally, Germany is accelerating investments in precision-guided missile capabilities through large-scale defense procurement and modernization programs. For instance, the German Parliament's approval of the €100 billion Special Fund (Sondervermögen Bundeswehr) to modernize the country's armed forces, including investments in advanced missile systems, ammunition, and land combat capabilities. This initiative is expected to significantly strengthen Germany's anti-tank guided missile procurement and sustain long-term market growth across the region.^{[5]Special Fund for the Bundeswehr,bmvg.de}

Asia Pacific Anti-Tank Guided Missile Market

The Asia Pacific market is anticipated to grow at the highest CAGR of 10.1% during the forecast period.

• The Asia Pacific market is growing due to the rising procurement of modern land combat and guided weapon technologies by nations such as India, China, Japan, Australia and South Korea to improve border defense and tank fighting power, enhance indigenous missile development. Furthermore, various Asia Pacific nations are equipped with long-range fire-and-forget missile technologies.
• Additionally, regional governments are prioritizing domestic defense manufacturing and technology development under national self-reliance initiatives, creating significant opportunities for indigenous missile production. Increasing investments in advanced guidance systems, multi-platform missile integration, and network-centric warfare capabilities are further supporting market expansion. The modernization of infantry and mechanized forces, coupled with growing defense collaborations among regional allies, is expected to sustain strong demand for anti-tank guided missile systems across Asia Pacific.

India market is estimated to grow with a significant CAGR, in the Asia Pacific market.

• India is emerging as the quickest developing markets globally for the supply of anti-tank guided missiles, India continues to strengthen its land combat capabilities by investing in next-generation missile capabilities under the Aatmanirbhar Bharat, also helped by expanding defense modernization, the enhancement of missile developing programs, and an uptick in procuring state-of-the-art anti-armor arms and also by relying less on imports and more on home grown arms manufacturing.
• Additionally, India's indigenous anti-tank missile development is accelerating with continuous support from the Defence Research and Development Organisation (DRDO). A notable example is the successful flight tests of the Nag Missile System (NAMIS) conducted by DRDO, validating the operational performance of the indigenous anti-tank guided missile for the Indian Army. The successful trials reinforce India's commitment to strengthening domestic missile capabilities and are expected to drive future procurement of indigenous anti-tank guided missile systems.

Middle East and Africa Anti-Tank Guided Missile Market

Saudi Arabia market to experience substantial growth in the Middle East and Africa.

• Saudi Arabia’s market is expected to be marked by impressive progress in line with the increase in its defense budget, the military transformation plans aligned with Vision 2030, and expanding investments into advanced land combat systems. Saudi Arabia has been actively pursuing modern next-generation guided missile anti-tank defense systems to augment its ground forces for border security and better armed engagements, the country has also been increasing its efforts on in-house defense development along with defense tech indigenization, which has resulted in augmented adoption of anti-tank guided missile system
• Furthermore, the Kingdom of Saudi Arabia has been developing its own defense industry through localization initiatives and international cooperation in a bid to cut down its dependency on defense imports. In addition, continued growth is projected to be fuelled by high investments in the manufacturing of missiles and guidance systems, the integration of land warfare systems, and increased demand for state-of-the-art anti-armor systems. The demand for high-tech ATGMs continues to be spurred on by the implementation of armed forces modernization program and increasing security threats in the region.

Anti-Tank Guided Missile Market Share

The market is led by players such as Rafael, Lockheed Martin, RTX (Raytheon), MBDA, and SAAB AB. These five companies cumulatively accounted for 63.4% market share in 2025. Their strong market positions are supported by extensive expertise in precision-guided missile technologies, advanced guidance and seeker systems, robust research and development capabilities, and long-standing relationships with defense organizations worldwide. Their diverse product portfolios, which include man-portable, vehicle-mounted, air-launched, and long-range anti-tank guided missile systems, enable them to address a wide range of modern battlefield requirements.

These companies maintain a competitive advantage through continuous investments in next-generation missile technologies, including fire-and-forget guidance, top-attack capabilities, extended-range engagement, and network-enabled targeting systems. Additionally, strategic defense contracts, international export programs, collaborative development initiatives, and increasing investments in indigenous production and advanced manufacturing capabilities continue to strengthen their market presence, enabling them to capitalize on the growing global demand for advanced anti-tank guided missile systems.

Anti-Tank Guided Missile Market Companies

Prominent players operating in the anti-tank guided missile industry are as mentioned below:

• Bharat Dynamics Limited (BDL)
• Diehl Defence
• EDGE Group / HALCON
• Elbit Systems
• Hanwha Aerospace
• Israel Aerospace Industries (IAI)
• L&T MBDA Missile Systems India
• LIG Defense Aerospace (formerly LIG Nex1)
• Lockheed Martin Corporation
• MBDA
• Norinco
• Rafael Advanced Defense Systems
• ROKETSAN
• RTX (Raytheon)
• Saab AB

• Rafael

Rafael is leader in advanced anti-tank guided missile systems, best known for its SPIKE family of missiles. The company offers a comprehensive portfolio of man-portable, vehicle-mounted, helicopter-launched, and naval variants featuring fire-and-forget, fire-observe-update, and beyond-line-of-sight (BLOS) capabilities. Its continuous innovation in precision guidance, electro-optical seekers, and multi-platform integration has established Rafael as a leading supplier of advanced anti-armor weapon systems worldwide.

• Lockheed Martin

Lockheed Martin is provider of precision-guided missile systems, with the combat-proven Javelin Anti-Tank Weapon System forming a key part of its portfolio. The company leverages advanced infrared seeker technology, top-attack capability, and fire-and-forget guidance to deliver highly effective anti-armor solutions. Its strong research and development capabilities, strategic defense partnerships, and extensive global customer base reinforce its leadership in the market.

• RTX (Raytheon)

RTX (Raytheon) possesses extensive expertise in advanced missile technologies, precision guidance systems, propulsion, and electronic warfare solutions. The company develops high-performance missile subsystems, seekers, and guidance technologies that enhance targeting accuracy, survivability, and operational effectiveness. Its continuous investments in next-generation precision-guided weapon systems and integrated defense solutions strengthen its position within the global anti-tank guided missile industry.

• MBDA

MBDA is one of Europe's leading missile system manufacturers, offering the AKERON family of anti-tank guided missiles designed for modern land combat operations. The company's missile systems combine fire-and-forget capability, beyond-line-of-sight engagement, multi-mode guidance, and network-enabled operations to provide superior battlefield flexibility. MBDA's collaborative European development programs and strong presence across NATO member countries continue to reinforce its competitive position.

• SAAB AB

SAAB AB strengthens its market position through advanced anti-armor weapon systems and integrated land warfare solutions designed for modern infantry operations. The company focuses on lightweight, highly reliable, and mission-effective weapon technologies that improve battlefield mobility and operational flexibility. Its expertise in defense electronics, guidance technologies, and advanced weapon integration, together with continuous investments in research and development, supports the growing adoption of its anti-armor solutions across global defense forces.

Anti-Tank Guided Missile Industry News

• In September 2025, the U.S. Army awarded the Javelin Joint Venture (Lockheed Martin and RTX's Raytheon) a follow-on production contract worth up to USD 900.5 million for Javelin missiles, associated equipment, and services. The contract also included the first Foreign Military Sales to Brazil and Tunisia, reflecting strong global demand for advanced anti-tank guided missile systems.
• In June 2025, Spain cancelled its planned €285 million procurement of 168 SPIKE LR2 anti-tank missile systems, which were to be manufactured by Rafael's Spanish subsidiary, Pap Tecnos. The decision was part of the Spanish government's policy to reduce dependence on Israeli military technology and impacted one of Europe's notable ATGM procurement programs.

The anti-tank guided missile market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue (USD Million) from 2022 – 2035 for the following segments:

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Market, By Launch Platform

• Land-based
• Air-launched ATGMs
• Naval ATGM systems

Market, By Guidance Technology 

• MCLOS
• SACLOS
• Laser beam riding / Semi-active laser homing
• EO/TV guided
• IIR fire-and-forget
• Dual-mode / Multi-mode seekers

Market, By Range Classification

• Short-range ATGMs
• Medium-range ATGMs
• Long-range ATGMs
• Extended/NLOS 

Market, By End-User

• Land forces
• Air forces
• Naval forces

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea

• Latin America
  • Brazil
  • Mexico
  • Argentina

• Middle East and Africa
  • Egypt
  • Saudi Arabia
  • UAE