Global Anti-Tank Missile System Market 2018-2022
About Anti-Tank Missile Systems
An anti-tank guided missile is a small weapon that is designed for destroying tanks and other armored vehicles that are used mostly in close combat warfare. Such missiles are conceptually and design-wise different than conventional rocket-propelled grenades (RPGs) as the ATG missiles are required to be steered or guided toward their targets after the launch.
Technavio’s analysts forecast Global Anti-Tank Missile System market to grow at a CAGR of 3.99% from 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Anti-Tank Missile System market for the period 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report - Global Anti-Tank Missile System Market 2018-2022
Technavio recognizes the following companies as the key players in the Global Anti-Tank Missile System market for 2018-2022: Denel Dynamics, Lockheed Martin, MBDA, Rafael Advanced Systems, Raytheon
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is the development of next-generation anti-tank missiles.”
According to the report, one driver in the market is the increasing demand for extended range missiles.
Further, the report states that one challenge in the market are delays in weapon procurement.
Rafael Advanced Defense Systems
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