Unmanned Anti-Tank Guided Missile System Market 2023-2032 With Strategic Trends Growth, Revenue, Demand & Future Potential Of Industry


Posted July 6, 2023 by Rajeevthakur

The global unmanned anti-tank guided missile system(ATGMS) market is experiencing a significant growth due to surge in defense expenditure globally.

 
The global unmanned anti-tank guided missile system(ATGMS) market is experiencing a significant growth due to surge in defense expenditure globally.Unmanned anti-tank guided missile system is designed with main objective to destroy armored vehicle such as main battle tanks or infantry fighting vehicles with the need of an operator on the ground. Since the introduction of unmanned ATGMS, operator has the capability to destroy light and medium tanks remotely without putting any soldierโ€™s life in danger as compared to other manned systems such as anti-tank rifles or magnetic anti-tank mines. Moreover, countermeasures such as smoke screen and detection for operator in battlefield becomes useless against unmanned ATGMS.

COVID-19 scenario analysis:

The COVID-19 pandemic is expected to delay existing projects and planned projects due to lockdown imposed by the governments around the world.
The impact of the COVID-19 pandemic will be visible directly on the short supply of raw materials due operational issues.
Anti-tank guided missile tank system defense contractors are dealing with supply chain disruption as well as workforce shortage due production site access restrictions imposed by authorities to contain the spread of COVID-19.
Travel ban imposed by governments around the world to slow the spread of COVID-19, has hampered & delayed weapon system production and testing, especially for defense contractors relying on international workforce.

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The global unmanned anti-tank guided missile system market trends are as follows:

Surge in new generation anti-armor weapon system

Latest generation of ATGMS have high explosive anti-tank (HEAT) warheads specializing in thick tank armor penetration. Recently, in 2019, In addition, India signed a deal to acquire 'Strum Ataka' anti-tank guided missile from Russia for its fleet of Mi-35 attack choppers.Strum Ataka is a new air to surface version for helicopters based on Soviet Union era-based family of Ataka anti-tank missile system. The deal for the missiles is worth around 26 million USDis aimed to provide an added capability to the Mi-35 attack choppers to take out enemy tanks and other armored elements.
Further, latest variant of Strum Ataka is designed to defeat tanks with composite armor and explosive reactive armor.Moreover, ATGMS such as FGM-148 Javelin and RBS-156 Bill are also new generation of unmanned anti-tank guided missile system capable of penetrating composite and reactive armors. Such surge in new generation anti-armor weapon system is expected to boost the global unmanned anti-tank guided missile system market.

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Key benefits of the report:

This study presents the analytical depiction of the global unmanned anti-tank guided missile system industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global unmanned anti-tank guided missile system market share.
The current market is quantitatively analyzed to highlight the global unmanned anti-tank guided missile system market growth scenario.
Porterโ€™s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global unmanned anti-tank guided missile system market analysis based on competitive intensity and how the competition will take shape in coming years.

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Issued By Rajeev Thakur
Country United States
Categories Aerospace , Defense
Tags unmanned antitank guided missile system market demand , unmanned antitank guided missile system market share , unmanned antitank guided missile system market size
Last Updated July 6, 2023