According to Fortune Business Insights™, the global anti-tank guided missiles market is on a steady growth trajectory, with valuations climbing from USD 388.2 million in 2025 to an estimated USD 535.2 million by 2032, reflecting a 4.7% CAGR.
The sector, anchored in the development and deployment of precision missile systems designed to neutralize armored threats, is riding a wave of defense spending hikes, battlefield modernization, and AI-powered targeting innovations. These weapons ranging from man-portable launchers to airborne long-range strike systems are a central pillar in modern military strategies worldwide.
“ATGMs are no longer just tank killers they are multi-role, networked assets integrated into the wider digital battlefield,” said a defense analyst familiar with NATO procurement programs.
Defense ministries across the globe are prioritizing upgrades to their armored and infantry capabilities, especially in conflict-sensitive regions. The U.S., Europe, and parts of Asia are accelerating procurement programs to deploy next-generation ATGMs with enhanced accuracy, longer ranges, and resilience against countermeasures.
The integration of artificial intelligence, fire-and-forget technology, and sensor fusion is transforming engagement speed and precision. These systems are increasingly designed to connect with drones, command centers, and battlefield management platforms for coordinated strikes.
A key challenge lies in the rapid evolution of countermeasure technologies, such as Active Protection Systems (APS), which can intercept and destroy incoming missiles. This forces ATGM manufacturers to constantly innovate — a costly and time-intensive process.
Budgetary pressures also limit adoption in emerging economies. Cutting-edge systems can strain procurement budgets, particularly for smaller nations balancing multiple defense priorities.
https://www.fortunebusinessinsights.com/anti-tank-guided-missiles-atgm-market-113588
Man-portable ATGMs accounted for 46.89% of market share in 2024, offering frontline units a lightweight, cost-effective, and highly mobile solution. Systems like the U.S.-made Javelin and the U.K.-Swedish NLAW have shown battlefield success in recent conflicts.
Meanwhile, airborne ATGMs are emerging as the fastest-growing segment (5.2% CAGR), providing rapid deployment and safe standoff engagement from helicopters and UAVs.