Anti-Tank Missile System Market

Anti-Tank Missile System Market Size by Platform (Ground, & Airborne), Product Type (Man-Portable, & Vehicle Mounted), Application, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12760
  • Published Date: May, 2022
  • Pages: 234
  • Category: Aerospace & Defence
  • Format: PDF
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The global anti-tank missile system market is expected to reach USD 3.36 billion by 2030, at a CAGR of 3.68% from 2022 to 2030. Anti-tank missile system market growth would be driven by the increasing defense budget of countries globally. With the rise in the number of cross-border conflicts, the need to protect national assets and the population in instances of unjustified aggression has become paramount to the federal governments worldwide. Anti-tank missile systems are utilized to destroy armored vehicles and tanks that target and destroy vital bunkers, troops, communication lines, and military transport on the battlefield. The rise in border standoffs arising due to territorial conflicts has highlighted the need to induct anti-tank missile systems in the military arsenal to protect the forward troops while successfully delivering their missions. The technological advancements in offensive technologies with the ability to strike targets without being intercepted have called for the development of sophisticated and modern defensive technologies to destroy such stealth weaponry and protect nations. The Russian invasion of Ukraine has highlighted the need to have robust national defense apparatus in place equipped with the latest technologies to protect one's country and defend its sovereignty.

Market Overview:

Battles and wars around the world have evolved. They went from arrows to pistols and then to machine guns. Modern warfare uses sophisticated weaponry like assault rifles, missiles, rockets, machine guns, rocket launchers, and tanks. Tanks are heavily armored vehicles. They are made of composite material with high density, which is hard to penetrate. Tanks are used on the battlefield in close combat. It has heavy firepower, can maneuver in any battlefield terrain given its design, and destroy enemy troops with a single blow. The primary function of a tank is to act as a weapons platform. The weapon is mounted on the tank to destroy targets while protecting the operator inside its heavy armor. The mounted weapon is flexible and enables the operator to target with 360-degree maneuverability. Tanks can intake intense gunfire allowing the troops to push past enemy lines, displaying their critical role on the battlefield. Light, medium, heavy, cavalry, infantry, and cruiser are some types of tanks present in the modern world. Although having tanks as a weapon in an offensive battle is advantageous, it has devasting consequences when the troops are on the defensive. Anti-tank missile systems are utilized To neutralize and destroy the incoming tanks. They are designed and developed to penetrate the heavy armor of tanks and destroy them. Anti-tank missiles are compact and hence undetectable, and they can be carried easily due to their lightweight feature. With new technologies, their range has improved, which increases their range of attack, giving a strategic advantage to the army on the battlefield. Conventional wars on the battlefield will continue in the contemporary world despite the significant advances made in the defense sector. Close combats will continue to be the primary form of war, and an anti-tank missile is a weapon that every national army needs.

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Market Dynamics:

Drivers:
  • The growing defense expenditure due to rising territorial conflicts

The Russian invasion of Ukraine, the Armenia-Azerbaijan war over Nagorno-Karabakh, Indo-Sino standoff on the LAC display the ensuing security crisis globally. The rising number of territorial conflicts have arisen in the recent past due to the growing polarization and hyper-nationalism in major economies. Such disputes and conflicts have bought many troops, arms, ammunition, weaponry, and artillery for disputing parties in an aggressive position. A heavy presence of tanks is also witnessed at these standoffs, battles, and wars. Anti-tank missile systems are also deployed to protect the frontline troops, bunkers, communication towers, and forward posts from being targeted by heavily armored vehicles. With the advent of new technological innovations, better anti-tank missiles with increased range, precision, and effectiveness are being developed by sovereign governments in collaboration with private players. The rising conflicts contribute to the increasing military expenditure to bolster the country's defenses. The demand for anti-tank missile systems to protect the infantry, the country’s first line of defense in case of wars, is gaining traction. The increase in the defense budget will positively contribute to the growth of the defense missile systems market.

Restraints:
  • Training

Anti-tank missile system market growth would be hampered by the extensive training required to operate this sophisticated piece of weaponry. Anti-tank missile systems are created in line with specific objectives of penetrating the heavy armor of tanks and effectively destroying them. The control and operations of these systems involve various high-end components with the best technologies. The workings of all such parts have to be learned to deliver the results optimally. With the frequent launch of new and advanced technologies, the scope of operators equipped with the skills to control a system decreases, hampering the market's growth.

Opportunities:
  • The rising adoption of long-range anti-tank defense missile systems

Over the past few years, the developments and innovations in anti-tank missile defense systems have made them operable from all platforms, namely, air, sea, and ground. The long-range anti-tank missiles allow both fire-and-forget and fore-and—update mode. It also has lock-on before and lock-on after features. Long-range anti-tank missiles provide precision and the previously mentioned features, contributing to their rising adoption in the global anti-tank missile system market. Increased research and development will further facilitate the development of this industry by providing lucrative opportunities to the market players.

Challenges:
  • Development of countermeasures

The newly developed advanced and high-end anti-tank missile system systems have prompted the market players and governments to create advanced tanks with enhanced defensive capability. Active protection systems and electronic jammers are some systems that are incorporated into tanks to enable them to evade anti-tank missile defense systems. Such technologies will challenge the growth of the anti-tank defense missile system.

Segmentation Analysis:

The global anti-tank missile system market is segmented based on platform, product type, application, and regions.

  • The platform segment is divided into ground and airborne. The ground segment dominated the market, with a market share of around 58% in 2021. The development of anti-tank missiles started from the innovation of the ground-based anti-tank missile system. This segment is well-established and mature compared to the airborne segment. The airborne segment has gained traction in the recent past with the advent of technological advancements which facilitated the integration of anti-tank missile systems with aircraft. The ground segment will continue to dominate the anti-tank missile market attributed to the portable, reliable, and easy handling features. The familiarity of the ground platform, unlike the airborne platform, also contributes to its large market share in the anti-tank missile systems platform segment.
  • The product type segment is divided into man-portable and vehicle-mounted. Over the forecast period, the man-portable segment is expected to grow at the fastest CAGR of 4.52%. The man-portable anti-tank missile systems can be carried easily across terrains inaccessible to vehicles. They are lightweight, simple, reliable, and easy to handle. Man-portable anti-tank missiles have simple operations, which contributes to their increasing adoption in the anti-tank missile systems market.
  • The application segment is divided into defense and internal security. In 2021, the defense missiles segment dominated the market, accounting for around 65% of global revenue. Tanks are primarily used in close combat situations like battles and wars. The various defense organizations mainly develop them to improve military capabilities. Similarly, to combat the increasing number of tanks in defense, anti-tank missile defense systems are being developed for the defense sector. The defense sector will continue to dominate the applications segment as anti-tank missile systems are primarily focused on destroying heavily armored vehicles on the battlefield.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North American region emerged as the largest market for the global anti-tank missile system, with a 36.31% share of the market revenue in 2021.

  • North America currently dominates the anti-tank missile system market due to the massive defense capital spending undertaken by the United States federal government. The defense and strategic alliances with other countries have led to defense collaborations resulting in the developing of the most advanced and high-end anti-tank missile systems. The presence of significant private defense manufacturers who undertake research and development of high-end, sophisticated, and effective anti-tank missile systems also contributes to North America's dominance in the missile defense market. The U.S. is increasingly spending money developing better systems to stay ahead of adversaries like China and Russia to retain their dominance in the defense manufacturing and supplier category.

North America region Anti-Tank Missile System Market Share in 2021 - 36.31%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global anti-tank missile system industry.

Raytheon and Lockheed Martin were awarded a contract by the U.S. Department of Defense in February 2020 to produce Javelin anti-tank missile systems for military sales to partner countries such as Ukraine, Turkey, and Australia, among others.

List of Key Market Players:

  • Elbit Systems Ltd.
  • General Dynamics Corporation
  • Denel Dynamics
  • Lockheed Martin Corporation
  • MBDA Missiles Systems
  • KBP Instrument Design Bureau
  • Rafael Advanced Defense Systems Ltd.
  • Raytheon Technologies Corporation
  • ROCKETSAN A.S.
  • BAE Systems PLC

Key Target Audience

  • Original Equipment Manufacturers
  • Defense Manufacturers
  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)

Report Description:

  • Global Anti-tank missile system market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered the historic years and 2022 to 2030 are the forecast years. The global anti-tank missile system market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each segment, region, and country catering to the global anti-tank missile system market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of anti-tank missile system-based on platform, product type, application, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global anti-tank missile system market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global anti-tank missile system market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter's five forces analysis coupled with SWOT analysis to provide business related data and information. Porter's five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company's growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related, i.e., global anti-tank missile system market) is covered to comprehend the adoption rate and evaluate the market size. 

Frequesntly Asked Questions

As per The Brainy Insights, the size of the anti-tank missile system market was valued at USD 2.43 billion in 2021 to USD 3.36 billion by 2030.

The global anti-tank missile system market is growing at a CAGR of 3.68% during the forecast period 2022-2030.

The global anti-tank missile system market has been segmented based on platform, product type, application, and regions. The ground segment led the market in 2021. The defense segment led the market in 2021.

The North American region emerged as the largest market for the anti-tank missile system.

The growing defense expenditure due to rising territorial conflicts will influence the market's growth.

The extensive training required to operation anti-tank missile systems could hamper market growth.

The rising adoption of long-range anti-tank missile systems will provide considerable opportunities to the market.

Key players are Elbit Systems Ltd., General Dynamics Corporation, Denel Dynamics, Lockheed Martin Corporation, MBDA Missiles Systems, KBP Instrument Design Bureau, Rafael Advanced Defense Systems Ltd.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Platform
          4.3.2. Market Attractiveness Analysis by Product Type
          4.3.3. Market Attractiveness Analysis by Application
          4.3.4. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The growing defense expenditure due to rising territorial conflicts
    5.3. Restraints
          5.3.1. Training
    5.4. Opportunities
          5.4.1. The rising adoption of long-range anti-tank missile systems
    5.5. Challenges
          5.5.1. Development of counter measures

6. Global Anti-Tank Missile System Market Analysis and Forecast, By Platform
    6.1. Segment Overview
    6.2. Ground
    6.3. Airborne

7. Global Anti-Tank Missile System Market Analysis and Forecast, By Product Type
    7.1. Segment Overview
    7.2. Man Portable
    7.3. Vehicle Mounted

8. Global Anti-Tank Missile System Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Defense
    8.3. Internal Security

9. Global Anti-Tank Missile System Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Anti-Tank Missile System Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Anti-Tank Missile System Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Elbit Systems Ltd.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. General Dynamics Corporation
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Denel Dynamics
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Lockheed Martin Corporation
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. MBDA Missiles Systems
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. KBP Instrument Design Bureau
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Rafael Advanced Defense Systems Ltd.
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Raytheon Technologies Corporation
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. ROCKETSAN A.S.
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. BAE Systems PLC
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis

List of Table

1. Global Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

2. Global Ground Anti-Tank Missile System Market, By Region, 2019-2030 (USD Billion) 

3. Global Airborne Anti-Tank Missile System Market, By Region, 2019-2030 (USD Billion) 

4. Global Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

5. Global Man-Portable Anti-Tank Missile System Market, By Region, 2019-2030 (USD Billion) 

6. Global Vehicle Mounted Anti-Tank Missile System Market, By Region, 2019-2030 (USD Billion) 

7. Global Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

8. Global Defense Anti-Tank Missile System Market, By Region, 2019-2030 (USD Billion) 

9. Global Internal Security Anti-Tank Missile System Market, By Region, 2019-2030 (USD Billion) 

10. Global Anti-Tank Missile System Market, By Region, 2019-2030 (USD Billion) 

11. North America Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

12. North America Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

13. North America Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

14. U.S. Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

15. U.S. Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

16. U.S. Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

17. Canada Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

18. Canada Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

19. Canada Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

20. Mexico Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

21. Mexico Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

22. Mexico Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

23. Europe Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

24. Europe Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

25. Europe Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

26. Germany Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

27. Germany Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

28. Germany Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

29. France Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

30. France Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

31. France Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

32. U.K. Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

33. U.K. Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

34. U.K. Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

35. Italy Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

36. Italy Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

37. Italy Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

38. Spain Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

39. Spain Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

40. Spain Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

41. Asia Pacific Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

42. Asia Pacific Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

43. Asia Pacific Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

44. Japan Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

45. Japan Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

46. Japan Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

47. China Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

48. China Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

49. China Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

50. India Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

51. India Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

52. India Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

53. South America Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

54. South America Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

55. South America Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

56. Brazil Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

57. Brazil Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

58. Brazil Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

59. Middle East and Africa Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

60. Middle East and Africa Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

61. Middle East and Africa Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

62. UAE Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

63. UAE Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

64. UAE Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

65. South Africa Anti-Tank Missile System Market, By Platform, 2019-2030 (USD Billion) 

66. South Africa Anti-Tank Missile System Market, By Product Type, 2019-2030 (USD Billion) 

67. South Africa Anti-Tank Missile System Market, By Application, 2019-2030 (USD Billion) 

List of Figures 

1. Global Anti-Tank Missile System Market Segmentation

2. Anti-Tank Missile System Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Anti-Tank Missile System Market Attractiveness Analysis by Platform

9. Global Anti-Tank Missile System Market Attractiveness Analysis by Product Type

10. Global Anti-Tank Missile System Market Attractiveness Analysis by Application

11. Global Anti-Tank Missile System Market Attractiveness Analysis by Region

12. Global Anti-Tank Missile System Market: Dynamics

13. Global Anti-Tank Missile System Market Share by Platform (2022 & 2030)

14. Global Anti-Tank Missile System Market Share by Product Type (2022 & 2030)

15. Global Anti-Tank Missile System Market Share by Application (2022 & 2030)

16. Global Anti-Tank Missile System Market Share by Regions (2022 & 2030)

17. Global Anti-Tank Missile System Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global anti-tank missile system market based on below-mentioned segments:

Global Anti-Tank Missile System Market by Platform:

  • Ground
  • Airborne

Global Anti-Tank Missile System Market by Product Type:

  • Man Portable
  • Vehicle Mounted

Global Anti-Tank Missile System Market by Application:

  • Defense
  • Internal Security

Global Anti-Tank Missile System Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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