Anti-Tank Missile System Market Trends, Size, Analysis and Overview

Anti-Tank Missile System Market Analysis, Share and Size, Emerging
Trends, Overview and Outlook, Growth And Segment Forecasts To
2020
Technavio Announces the Publication of its Research Report Global Anti-Tank Missile System Market
2016-2020
Technavio recognizes the following companies as the key players in the global anti-tank missile system
market: Denel Dynamics, Israeli Military Industries, Lockheed Martin, MBDA, and Raytheon.
Other Prominent Vendors in the market are: BAE Systems, General Dynamics, Northrop Grumman,
Rafael Advanced Defense Systems, and Saab.
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Commenting on the report, an analyst from Technavio’ s team said: “Emergence of smokeless missiles
will be a key trend for market growth. Chemring Defence, UK signed a contract worth over $40 million,
with the MOD to develop a multiple-effect rocket system (MERS). This system can fire missiles without
emitting any smoke. It does not allow the detection of the origin of missiles, thereby reducing the risks
of enemy attacks. This is a variant of the fire-and-forget short-range missile, which enables the soldiers
to fire and immediately take cover, which increases survivability.”
According to the report, extensive improvement in range and efficiency of anti-tank missiles will be a
key driver for market growth. R&D is the pre-requisite for the development of every missile system and
to maintain global competitiveness in the market. Of late, there have been high investments in the
procurement of missile systems by developed regions like the Americas and Europe.For example, in
2014, Science Application International Corporation (SAIC) signed a three-year contract, worth $836
million, with the US Army to provide engineering support services that would bolster the missile R&D in
the Aviation and Missile Command's Research, Development and Engineering Center (AMRDEC).
Further, the report states that thermal management of missile systems will be a challenge for the
market. The increasing demand for high-speed supersonic missiles has resulted in the innovation of
superior quality thermal protection system (TPS) to protect the missile framework from strength
deterioration and malfunctioning of electronic packages due to severe aerodynamic heating. Therefore,
the primary goal of TPS is to keep excessive heat away from the destruction or damage of the vehicle or
the missile launcher and the components within it.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Anti-Tank Missile Systems
The tactical anti-tank missile systems are generally of two types. Long-range anti-tank missiles are very
capable weapon systems, which are used to destroy heavy armored vehicles. They rely on warheads to
penetrate and damage the tanks or armored vehicles. Whereas the short-range anti-tank missiles are
man-portable, and they pose a lesser threat to armored vehicles. Traditionally, the infantry anti-tank
weapons, such as anti-tank rifles, anti-tank rockets, and magnetic anti-tank mines, had limited armor
penetration abilities and required soldiers to approach the target closely. However, with the
introduction of the man-portable missile systems with larger warheads, the infantry units have the
ability to strike at light and medium tanks from greater distances.
Technavio’ s analysts forecast the global anti-tank missile system market to grow at a CAGR of 3.98%
during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global anti-tank missile system
market for 2016-2020. To calculate the market size, the report presents the market landscape and a
corresponding detailed analysis of the five major vendors operating in the market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, global anti-tank missile system market 2016-2020, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers the market landscape and
its growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]

According to the report, extensive improvement in range and efficiency of anti-tank missiles will be a key driver for market growth. R&D is the pre-requisite for the development of every missile system and to maintain global competitiveness in the market.

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