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Anti-tank missile system market to grow by over $470 million from 2023 to 2027

The anti-tank missile system market is expected to grow by USD 472.45 million from 2023 to 2027, according to London-based market research company Technavio.

In a recent report, Technavio stated that there is an expected growth in the anti-tank missile market. This growth is driven by the increasing demand for extended-range missiles, the focus on improving weapon inventory, and the challenges faced during urban warfare scenarios.

Technavio has undertaken an extensive analysis of the market, with 2022 serving as the reference year and 2023 as the projected year. During this study, they have identified key factors such as drivers, trends, and challenges. One prominent driver that has emerged is the growing demand for extended-range missiles. These advanced missile systems provide armed forces with the ability to engage enemy vehicles from safer distances, thereby enhancing operational capabilities and reducing risks to infantry personnel.

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