Description

The Russo-Ukrainian war and the Israeli military campaign against the Hamas terrorist group in Gaza both underscore the importance of maneuvering armored vehicles to maximize military objectives on the battlefield. As a result of the impressive operational performance of MBTs, there is increasing demand for affordable, user-friendly, and lethal anti-tank weapons systems and platforms to counter and eliminate armored vehicles on the battleground. The changing nature of theater military threats brings into discussion the need for advanced operational offensive capabilities against tanks and various armored vehicles. This challenge intensifies as active protection systems penetrate the industry, shaping global modernization build-up plans for armored fleets.

In this analysis, Frost & Sullivan examines global defense establishment efforts to expand anti-tank weapons systems solutions amid the impressive operational performance of ground armored platforms on the battlefield. It looks at the global anti-tank weapon systems industry, highlighting growth drivers, restraints, and potential business opportunities for defense industry participants.

Frost & Sullivan outlines the main programs and leading representative anti-tank contracts from 2022 to 2023. The industry is at a maturity stage, with maintenance and upgrade programs to ensure long-term contract stability. The development of new platforms will bring about procurement opportunities, primarily for traditional players. On the other hand, supply chain shortages and economic burdens will likely persist, prompting the need for low-cost, user-friendly, and affordable anti-tank solutions.