Man-portable Rocket Launcher

Man-portable Rocket Launcher Market Outlook

The global man-portable rocket launcher market was valued at approximately USD 5.78 billion in 2023 and is projected to grow at a CAGR of around 6.5% from 2025 to 2035. The increasing demand for advanced military equipment, coupled with the need for effective personal defense systems among law enforcement and security agencies, is a significant growth factor propelling the market. Furthermore, the rise in geopolitical tensions and conflicts worldwide has heightened the need for portable and versatile weapon systems that can be deployed rapidly in various operational scenarios. Additionally, technological advancements in weaponry, such as improved targeting systems and lightweight materials, contribute to enhancing the functionality and effectiveness of man-portable rocket launchers. The growing emphasis on homeland security and the need for fortified border protection are also driving this market forward.

Growth Factor of the Market

The growth of the man-portable rocket launcher market can be attributed to several interrelated factors. Firstly, increasing defense budgets among various countries, particularly those in developing regions, have created opportunities for the procurement of advanced portable weapon systems. This trend is evident as governments prioritize enhancing their military capabilities in response to emerging threats. Secondly, the demand from law enforcement and homeland security agencies for lightweight and easy-to-operate missile systems bolsters the market, as these agencies look to upgrade their equipment to tackle modern-day challenges such as terrorism and civil unrest. Moreover, there's a rising interest in joint military exercises and collaborations among nations, leading to an increased exchange of technology and weapon systems, which further accelerates market growth. Additionally, innovations in materials science have led to the development of more durable and efficient rocket launchers, making them more appealing to defense forces worldwide. Finally, the trend towards urban warfare and counter-insurgency operations necessitates the need for versatile and portable weapon systems that can be deployed in dynamic environments.

Key Highlights of the Market

• The market is projected to reach approximately USD 10 billion by 2035.
• North America is expected to dominate the market, accounting for over 35% of the revenue share by 2035.
• The military application segment is anticipated to hold the largest market share, driven by increasing defense expenditures.
• Technological advancements, such as the integration of smart targeting systems, are gaining traction.
• Asia Pacific is expected to witness the highest growth rate, with a CAGR of 7.5% during the forecast period.

By Product Type

Single-use Rocket Launcher:

Single-use rocket launchers represent a crucial segment of the man-portable rocket launcher market. These systems are designed for one-time deployment, offering ease of use and rapid operational capabilities. Typically lightweight and compact, they are favored by military personnel and law enforcement agencies who require equipment that can be easily transported and deployed in emergency situations. The use of single-use systems is particularly prevalent in urban warfare scenarios and during operations where speed and efficiency are paramount, allowing for instantaneous response to threats without the need for logistical support for reloading. Furthermore, advancements in projectile technology have enhanced the lethality and precision of these launchers, making them an indispensable tool for frontline troops and tactical units.

Reloadable Rocket Launcher:

Reloadable rocket launchers are versatile systems that allow operators to fire multiple rounds before needing to reload, making them essential for extended engagements. The ability to reload quickly ensures that operators can maintain suppressive fire and engage multiple targets effectively, enhancing battlefield survivability and combat effectiveness. These launchers are often equipped with advanced targeting and guidance systems, providing increased accuracy and reducing collateral damage during military operations. As military strategies evolve toward more dynamic and fluid combat scenarios, the demand for reloadable systems is anticipated to grow. Additionally, they are increasingly utilized in training scenarios, where their reusable nature allows for more extensive tactical training exercises without incurring substantial costs associated with single-use systems.

Shoulder-fired Rocket Launcher:

Shoulder-fired rocket launchers are designed for ease of use and portability, allowing soldiers to carry and operate them effectively even in confined spaces or rugged terrain. These systems are often employed by infantry units and special forces due to their compact size and lightweight design, which facilitate quick maneuvers during combat. Furthermore, shoulder-fired launchers can be deployed against a variety of targets, including armored vehicles and aircraft, making them a versatile option for modern military forces. As new technologies emerge, manufacturers are continually enhancing the performance and user-friendliness of these systems, integrating features such as improved recoil management and advanced sighting systems, ultimately expanding their operational capabilities and market appeal.

Disposable Rocket Launcher:

Disposable rocket launchers are designed for one-time use and are typically lightweight and easy to handle. Their primary advantage lies in their simplicity and effectiveness in rapidly responding to threats. As they are meant to be discarded after a single use, they eliminate the need for logistical support regarding reloading and can be quickly replaced with new units. This characteristic makes them particularly attractive for military forces engaged in rapid-response operations or irregular warfare scenarios, where resources may be limited. The disposable nature of these systems also allows for low-cost training and operational exercises, which helps to enhance the overall preparedness of military personnel without incurring significant expenses.

Multi-role Rocket Launcher:

Multi-role rocket launchers offer extensive flexibility and adaptability for various combat scenarios, making them vital assets for modern military forces. These systems can be configured to fire different types of munitions, including anti-tank missiles, guided missiles, and unguided rockets, thereby meeting different mission requirements. The capability to switch between different types of projectiles enhances operational efficiency and allows for better resource management on the battlefield. As armed forces increasingly face complex threats, the demand for multi-role systems is expected to rise, as they provide a comprehensive solution that can address a wide range of targets and operational challenges. Additionally, advancements in technology continue to drive the development of more sophisticated multi-role launchers, integrating features such as enhanced targeting systems and improved range.

By Application

Military:

The military application segment is the largest contributor to the man-portable rocket launcher market, driven by the continuous modernization of armed forces across the globe. With increasing defense budgets and a focus on enhancing combat capabilities, military organizations are actively procuring advanced rocket launchers to equip their infantry units. These systems are critical for engaging armored vehicles, fortifications, and aerial threats, making them essential for both traditional and asymmetric warfare scenarios. As military conflicts become more complex, the demand for multi-purpose and versatile rocket launchers is expected to grow, further solidifying the military segment's dominance within the overall market.

Law Enforcement:

In recent years, law enforcement agencies have increasingly recognized the need for effective portable rocket systems to address escalating threats, including terrorism and organized crime. These agencies require lightweight and user-friendly systems that can be deployed quickly during critical incidents. As urban environments become more complex and challenging, the adoption of man-portable rocket launchers in law enforcement is anticipated to grow. The ability to engage threats from a safe distance while minimizing collateral damage is a significant factor driving this trend. Furthermore, enhanced training programs focusing on the utilization of these systems will likely increase their integration into law enforcement operations.

Homeland Security:

Homeland security represents a significant application area for man-portable rocket launchers, as nations prioritize the protection of their borders and critical infrastructure against potential threats. The increasing emphasis on counter-terrorism initiatives and emergency response capabilities has led to the procurement of advanced weapon systems by security agencies. Portable rocket launchers provide a means to rapidly respond to potential attacks and deter hostile actions, making them vital tools for homeland security personnel. As threats evolve, the demand for enhanced situational awareness and advanced targeting capabilities in these systems will continue to influence the market landscape.

Civil:

The civil application of man-portable rocket launchers is less prominent than military or law enforcement applications but holds potential in specific scenarios such as emergency response and disaster relief operations. In situations where conventional methods of addressing threats are inadequate, portable rocket launchers can provide a rapid and effective solution. For example, they may be deployed in response to hostage situations or to neutralize explosives in critical infrastructure. However, the civil application remains niche and is primarily influenced by regulatory frameworks and public safety concerns, which may limit widespread adoption.

By Distribution Channel

Direct Sales:

Direct sales channels are a primary means through which man-portable rocket launchers are procured by military and law enforcement agencies. These transactions often involve government contracts and direct negotiations with manufacturers, allowing for tailored solutions that meet specific operational requirements. Direct sales facilitate close collaboration between the buyer and seller, ensuring that the end-user receives the most suitable products for their needs. Additionally, this sales model enables manufacturers to establish long-term relationships with their customers, which can lead to repeat purchases and opportunities for future upgrades or modifications.

Indirect Sales:

Indirect sales channels encompass a range of intermediaries, including defense contractors, resellers, and distributors. These channels play a vital role in expanding the market reach of man-portable rocket launchers, as they can introduce products to a wider audience, including smaller military and security forces that may not have the capacity to engage directly with manufacturers. Indirect sales also provide added value through services such as maintenance, training, and support, enhancing the overall customer experience. As the market continues to evolve, indirect sales channels will remain crucial for companies seeking to capture market share in various regions and segments.

Online Retail:

The emergence of online retail as a distribution channel is reshaping the man-portable rocket launcher market, particularly for civilian applications and related accessories. While the sale of complete rocket launchers online is highly regulated, e-commerce platforms provide an avenue for the distribution of related components, equipment, and training materials. As online purchasing becomes more prevalent, manufacturers are increasingly leveraging digital marketing strategies to reach a broader customer base. This trend is expected to continue, especially as governments and defense organizations explore new ways to enhance procurement processes and streamline the acquisition of essential equipment.

By Material Type

Composite Materials:

Composite materials are increasingly being utilized in the construction of man-portable rocket launchers due to their lightweight properties and high strength-to-weight ratios. These materials enhance the portability and ease of use of rocket launchers while maintaining durability and performance under extreme conditions. The use of composites can also contribute to improved projectile accuracy by reducing recoil and vibration, thereby enhancing the operator's effectiveness. As technology progresses, the adoption of advanced composite materials is expected to rise, as manufacturers strive to develop lighter and more efficient systems to meet the evolving needs of armed forces.

Steel Alloys:

Steel alloys remain a fundamental material choice for the construction of man-portable rocket launchers, valued for their strength and resilience against harsh battlefield conditions. Steel provides the structural integrity necessary to withstand the stresses of firing high-powered projectiles, ensuring longevity and reliability. Additionally, the use of steel alloys allows for the effective design of robust launch mechanisms and safety features, which are critical for operational success. As the demand for durable, high-performance systems continues to rise, steel alloys are expected to maintain their prominence in the market.

Aluminum Alloys:

Aluminum alloys are often utilized in the manufacturing of man-portable rocket launchers owing to their lightweight and corrosion-resistant properties. These materials contribute to the overall portability of the systems, allowing operators to carry them easily during missions. Moreover, aluminum alloys can be engineered to provide a balance between weight reduction and structural integrity, ensuring that launchers remain effective under operational conditions. As defense forces prioritize the need for rapid deployment and maneuverability, the market for aluminum alloy-based launchers is anticipated to grow, reflecting the trend towards lighter and more versatile weapon systems.

Titanium Alloys:

Titanium alloys are known for their exceptional strength and lightweight characteristics, making them an advantageous option for high-performance rocket launchers. While more expensive than other materials, the benefits of titanium, such as increased durability and resistance to extreme temperatures, make it an attractive choice for specialized applications. These alloys can enhance the overall effectiveness of man-portable systems, particularly in high-stakes military operations where performance is critical. As research and development efforts continue, the use of titanium in rocket launcher construction is expected to become more prevalent, particularly in advanced military applications.

Others:

Other materials also play a role in the manufacturing of man-portable rocket launchers, including various synthetic materials and advanced polymers which may be used for specific components. These materials can enhance the performance and functionality of the systems while contributing to weight reduction and improved ergonomics. As the industry evolves, manufacturers are increasingly exploring innovative materials that can provide additional benefits, such as improved thermal management and reduced production costs. This segment allows for continuous innovation within the market as manufacturers respond to changing operational requirements and technological advancements.

By Region

In North America, the man-portable rocket launcher market is expected to maintain a significant share, driven primarily by robust defense spending and ongoing military modernization initiatives. The United States, as a key player in this region, is continually investing in advanced weaponry to enhance its military capabilities, especially in light of evolving global threats. Additionally, collaborations with allied nations for joint military exercises and training further bolster the demand for these portable systems. By 2035, North America is projected to account for over 35% of the global market share, continuing to set the benchmark for innovation and performance in man-portable rocket launchers.

Europe is another critical region for the man-portable rocket launcher market, with countries like the United Kingdom, France, and Germany investing in enhancing their military capabilities. The rising threat of terrorism and the need for effective border security are driving procurement initiatives among European nations. The market in this region is expected to grow at a CAGR of approximately 6% during the forecast period, reflecting a commitment to modernizing defense forces and addressing emerging security challenges. Meanwhile, the Asia Pacific region is anticipated to witness the highest growth rate, driven by increasing defense budgets and geopolitical tensions in the area.

Opportunities

The man-portable rocket launcher market presents several opportunities for stakeholders within the defense and security sectors. As geopolitical tensions rise globally, countries are inclined to bolster their military capabilities, creating a ripe environment for defense contractors and manufacturers to innovate and market advanced rocket systems. Furthermore, the increasing focus on urban warfare tactics necessitates the development of portable and efficient weapon systems, which can be rapidly deployed in complex environments. This trend offers manufacturers the chance to collaborate with military organizations to develop tailored solutions that address specific operational challenges. Additionally, as the demand for enhanced training programs increases, opportunities for manufacturers to provide simulators and training systems alongside rocket launchers are also on the rise, further embedding them within the operational frameworks of defense forces.

Moreover, advancements in technology present opportunities for manufacturers to incorporate smart features and enhanced targeting systems into their rocket launchers. As military forces seek to enhance accuracy and reduce collateral damage, the integration of advanced guidance systems, including GPS and laser targeting, will become increasingly important. This technological evolution opens new avenues for product development and differentiation within the market. Furthermore, the expansion of defense budgets in emerging economies, particularly in the Asia Pacific region, signifies a growing market potential for man-portable rocket launcher systems. This trend paves the way for collaborations with regional defense forces that are actively seeking innovative solutions to address their unique security challenges.

Threats

Despite the growth potential of the man-portable rocket launcher market, several threats could impede its progress. One significant concern is the stringent government regulations and oversight surrounding the sale and distribution of military-grade weaponry. Compliance with international arms control agreements and export regulations can create complexities for manufacturers seeking to expand their market reach. Additionally, the presence of counterfeit products and unauthorized sales channels may undermine legitimate businesses, leading to potential safety risks and loss of trust among customers. Heightened scrutiny from regulatory bodies and public opinion against military spending may also pose challenges, as governments reassess their defense expenditures in light of domestic priorities.

Moreover, the rapid evolution of warfare tactics necessitates constant innovation within the market, which can place financial pressure on manufacturers. Those organizations unable to keep pace with technological advancements may find themselves at a competitive disadvantage, hindering their ability to capture market share. Additionally, the rise of non-state actors and asymmetric warfare tactics could change the dynamics of the defense landscape, leading to shifts in demand for traditional portable weapon systems. Manufacturers must remain agile and responsive to these shifts to ensure sustainable growth in the man-portable rocket launcher market.

Competitor Outlook

• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• Boeing Defense, Space & Security
• Northrop Grumman Corporation
• General Dynamics Corporation
• Thales Group
• Rheinmetall AG
• Elbit Systems Ltd.
• BAE Systems plc
• Kongsberg Gruppen
• FN Herstal
• Saab AB
• Israel Aerospace Industries Ltd.
• Oshkosh Defense
• Hanwha Defense

The competitive landscape of the man-portable rocket launcher market is characterized by a mix of established defense contractors and emerging players, all striving to capture market share through innovation and strategic partnerships. Major players such as Lockheed Martin and Raytheon Technologies lead the market, investing significantly in research and development to introduce advanced portable weapon systems that meet the evolving needs of military and law enforcement agencies. These companies leverage their extensive experience in defense technology and robust supply chains to deliver high-performance solutions, thereby maintaining their competitive edge. Furthermore, the collaboration between these industry giants and government agencies enhances their market position, allowing for tailored solutions that align with national defense strategies.

Emerging companies in the market are also making strides by focusing on niche segments and innovating unique solutions that cater to specific operational needs. For instance, companies specializing in lightweight materials or smart targeting technologies are gaining traction as military forces increasingly prioritize efficiency and precision in their operations. These players often adopt agile operational strategies and flexible business models that allow them to respond swiftly to changing market demands. As a result, the competitive dynamics within the man-portable rocket launcher market continue to evolve, driven by technological advancements and the pressing need for effective defense solutions.

Key companies like BAE Systems and General Dynamics are recognized for their comprehensive portfolios of weapon systems, catering to both military and law enforcement sectors. These organizations are committed to ongoing product enhancements and innovation, ensuring their offerings remain relevant in a rapidly changing defense landscape. Their focus on research and development strengthens their competitive positioning, as they explore the integration of cutting-edge technologies such as artificial intelligence and automation into their rocket launcher systems. Moreover, corporations like Rheinmetall and Kongsberg Gruppen are expanding their reach by entering new markets and forming strategic alliances, further enhancing their capabilities and market presence in the man-portable rocket launcher sector.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Saab AB
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 FN Herstal
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Thales Group
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Hanwha Defense
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Rheinmetall AG
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 BAE Systems plc
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Oshkosh Defense
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Kongsberg Gruppen
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Elbit Systems Ltd.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Lockheed Martin Corporation
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 General Dynamics Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Northrop Grumman Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Boeing Defense, Space & Security
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Israel Aerospace Industries Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Raytheon Technologies Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Man-portable Rocket Launcher Market, By Application
    • 6.1.1 Military
    • 6.1.2 Law Enforcement
    • 6.1.3 Homeland Security
    • 6.1.4 Civil
  • 6.2 Man-portable Rocket Launcher Market, By Product Type
    • 6.2.1 Single-use Rocket Launcher
    • 6.2.2 Reloadable Rocket Launcher
    • 6.2.3 Shoulder-fired Rocket Launcher
    • 6.2.4 Disposable Rocket Launcher
    • 6.2.5 Multi-role Rocket Launcher
  • 6.3 Man-portable Rocket Launcher Market, By Material Type
    • 6.3.1 Composite Materials
    • 6.3.2 Steel Alloys
    • 6.3.3 Aluminum Alloys
    • 6.3.4 Titanium Alloys
    • 6.3.5 Others
  • 6.4 Man-portable Rocket Launcher Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales
    • 6.4.3 Online Retail

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Man-portable Rocket Launcher Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Man-portable Rocket Launcher market is categorized based on

By Product Type

• Single-use Rocket Launcher
• Reloadable Rocket Launcher
• Shoulder-fired Rocket Launcher
• Disposable Rocket Launcher
• Multi-role Rocket Launcher

By Application

• Military
• Law Enforcement
• Homeland Security
• Civil

By Distribution Channel

• Direct Sales
• Indirect Sales
• Online Retail

By Material Type

• Composite Materials
• Steel Alloys
• Aluminum Alloys
• Titanium Alloys
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• Boeing Defense, Space & Security
• Northrop Grumman Corporation
• General Dynamics Corporation
• Thales Group
• Rheinmetall AG
• Elbit Systems Ltd.
• BAE Systems plc
• Kongsberg Gruppen
• FN Herstal
• Saab AB
• Israel Aerospace Industries Ltd.
• Oshkosh Defense
• Hanwha Defense