Market Share of Man Portable Anti-Armor Weapons Industry
The man-portable anti-armor weapons market is fragmented and highly competitive and is marked by the presence of several prominent players competing for a larger market share. The stringent safety and regulatory policies in the defense segment are expected to restrict the entry of new players.
The market is dominated by global defense systems and technology providers, such as General Dynamics Corporation, MBDA, RTX Corporation, Saab AB, and Lockheed Martin Corporation. The majority of the geographic regions have local players who are equally strong, providing smaller sub-systems of a larger network/project in partnership with the global leaders. Over the years, the local players have mastered technology and product design, and they are expected to become threats to the existing large players who have been demanding monopoly-style prices for their products and services in exchange for brand value, reliability, and quality.
Man-portable Anti-armor Weapons Market Leaders
Lockheed Martin Corporation
Saab AB
RTX Corporation
General Dynamics Corporation
MBDA
*Disclaimer: Major Players sorted in no particular order
