Javelin F-Model (FGM-148F) Missile. Image – Lockheed Martin
“The tank is dead. Long live the tank.” There has been no shortage of foolish ideas throughout history, and many such utterances will come in the future. Future conflicts would involve light forces, small wars, and counterinsurgency campaigns, the “experts” confidently proclaimed.
Well, the tank is alive and well. Tank production will exceed 2,700 vehicles through the forecast period. As long as tanks are around, armies will need countermeasures. This is where anti-armor missiles come in, and Ukrainian soldiers are showing how effective they can be.
The market for anti-armor missiles will be worth $16.8 billion during the forecast period, involving the production of 253,877 missiles. The leading players in this market will be U.S. firms, specifically Lockheed Martin and Raytheon, both of which will be engaged in individual and joint ventures. Together, U.S. companies will account for a 23 percent ($3.87 billion) value share of this market.
Europe’s position within this market has deteriorated, but it will begin to climb again once new systems are available. European companies will control a 19.08 percent ($3.2 billion) value share (this includes Ukraine, but not Russia).
The anti-armor missile will likely experience an evolution similar to that of its anti-ship and strike counterparts. These missions, once performed by individual missiles, may merge. In the future, a single missile may engage aircraft, vehicles and bunkers.
Source: Forecast International Platinum Forecast System.
Forecast International’s Missile Forecast provides global long-range forecasts for a wide range of missiles, including air-to-air, surface-to-air, strike, anti-armor, surface-to-surface, anti-ship, and anti-radiation systems, both developmental and in production. An annual subscription includes 134 individual reports, most with a 10-year production forecast.
Product comes complete with five Market Segment Analyses, covering the markets for: Anti-Tank Missiles; Surface-to-Air Missiles; Anti-Ship Missiles; Air-to-Air Missiles; and Strike Missiles. For more information, click here
For more than 35 years, Larry has been involved in research and analytical work for various Forecast International projects. He has contributed to the Airborne Electronics Forecast and was chief editor on the World Aerospace Weekly newsletter. Larry was directly responsible for the creation of World Weapons Review, a biweekly industry market research publication specializing in weapon systems and related material. He was the creator of Unmanned Vehicles Forecast, launched to cover the growing market for civil and military drones, and was involved in the development of the Airborne Retrofit & Modernization Forecast service. He is currently responsible for the Missile Forecast and for FI's two Unmanned Vehicles Forecast services – Airborne Systems and Land & Sea Systems.
