Global Man-Portable Rocket Launchers Market to Reach US$4.3 Billion by 2030

The global market for Man-Portable Rocket Launchers estimated at US$3.5 Billion in the year 2024, is expected to reach US$4.3 Billion by 2030, growing at a CAGR of 3.2% over the analysis period 2024-2030. Shoulder-Launched Rocket Launchers, one of the segments analyzed in the report, is expected to record a 3.3% CAGR and reach US$3.6 Billion by the end of the analysis period. Growth in the Tripod-Mounted Rocket Launchers segment is estimated at 2.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$949.6 Million While China is Forecast to Grow at 6.3% CAGR

The Man-Portable Rocket Launchers market in the U.S. is estimated at US$949.6 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$877.1 Million by the year 2030 trailing a CAGR of 6.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.0% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Global Man-Portable Rocket Launchers Market - Key Trends and Drivers Summarized

Man-portable rocket launchers are lightweight, shoulder-fired weapons designed to engage and destroy armored vehicles, fortified positions, and low-flying aircraft. These systems provide infantry units with significant firepower, allowing them to effectively counter a variety of threats on the battlefield. Typically, man-portable rocket launchers consist of a launcher tube, a targeting mechanism, and a rocket or missile that can be fired and reloaded quickly. Due to their portability and ease of use, these launchers are essential in both conventional and asymmetric warfare, offering a versatile and effective solution for ground forces.

The deployment of man-portable rocket launchers has revolutionized infantry tactics by providing soldiers with the ability to engage heavily armored targets and fortified structures without the need for heavy artillery support. These weapons are particularly valuable in urban warfare and guerilla combat, where mobility and the element of surprise are crucial. Modern man-portable rocket launchers come equipped with advanced targeting systems, including night vision and thermal imaging, which enhance their effectiveness in various operational environments. Additionally, the development of multi-purpose rockets that can penetrate armor, bunkers, and aircraft increases the tactical flexibility of these systems, making them indispensable tools for ground forces.

The growth in the man-portable rocket launchers market is driven by several factors. Firstly, the increasing emphasis on lightweight, mobile weapon systems that can provide substantial firepower in diverse combat scenarios boosts the demand for these launchers. Ongoing geopolitical tensions and conflicts around the world drive the need for versatile and effective infantry weapons. Technological advancements, such as improvements in rocket propulsion, guidance systems, and targeting accuracy, enhance the performance and reliability of man-portable rocket launchers, making them more attractive to military forces. Additionally, the rising focus on modernizing armed forces and enhancing the capabilities of infantry units supports market growth. The growing demand for cost-effective solutions that offer high impact with minimal logistical burden also propels the adoption of man-portable rocket launchers. Lastly, the need for enhanced defense capabilities against asymmetric threats, such as insurgencies and terrorist groups, further fuels the market as nations seek to equip their forces with the means to effectively counter diverse threats.