Shoulder Fired Weapons - Global Strategic Business Report

The global market for Shoulder Fired Weapons was estimated at US$6.6 Billion in 2023 and is projected to reach US$9.0 Billion by 2030, growing at a CAGR of 4.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Shoulder Fired Weapons Market - Key Trends and Drivers Summarized

Why Are Shoulder Fired Weapons Essential in Modern Combat?

Shoulder fired weapons have become essential in modern combat due to their versatility, mobility, and effectiveness in asymmetric warfare and counter-insurgency operations. These weapons, which include anti-tank guided missiles (ATGMs), man-portable air defense systems (MANPADS), and rocket-propelled grenades (RPGs), provide soldiers with the capability to engage a variety of targets such as armored vehicles, low-flying aircraft, and fortifications. The demand for shoulder fired weapons is rising due to the growing need for light, portable, and powerful solutions that can be deployed quickly in challenging terrains and combat scenarios. With increasing global defense budgets, especially in developing countries, the acquisition of advanced shoulder fired systems is becoming a priority for militaries looking to enhance their ground-based defense and strike capabilities.

How Are Technological Innovations Shaping the Future of Shoulder Fired Weapons?

Technological innovations are significantly shaping the future of shoulder fired weapons by enhancing their precision, range, and lethality. The development of lightweight materials and digital fire control systems is enabling the creation of more compact and easy-to-handle weapons with improved targeting accuracy and reduced recoil. Advancements in guidance systems, such as laser-guided and infrared (IR) homing technologies, are providing better accuracy and reduced collateral damage. Moreover, the integration of night vision, thermal imaging, and smart munitions is expanding the operational capabilities of these weapons, allowing them to be effective in both day and night operations. The advent of multi-role shoulder fired systems that can switch between different types of munitions is also enhancing their appeal for modern militaries looking for versatile solutions.

Which Market Segments Are Leading the Adoption of Shoulder Fired Weapons?

Types of shoulder fired weapons include anti-tank missiles, anti-aircraft missiles, rocket launchers, and recoilless rifles, with anti-tank missiles and rocket launchers being the most widely used due to their effectiveness against armored threats and fortifications. Applications span defense, homeland security, and law enforcement, with defense leading the market due to the high demand for modernized weapons systems to counter evolving threats. Geographically, North America and Europe are the largest markets for shoulder fired weapons due to their advanced defense infrastructures and high defense spending, while Asia-Pacific and the Middle East are emerging as high-growth regions driven by rising military modernization programs and regional security dynamics.

What Are the Key Drivers of Growth in the Shoulder Fired Weapons Market?

The growth in the shoulder fired weapons market is driven by several factors, including the rising military modernization programs worldwide, technological advancements in lightweight and precision-guided shoulder fired systems, and the increasing focus on anti-armor and anti-aircraft capabilities. The development of portable, multi-role, and low-recoil shoulder fired weapons with enhanced lethality, range, and target acquisition capabilities is driving market adoption among defense organizations, special forces, and homeland security agencies. The focus on enhancing digital fire control systems, targeting aids, and night vision integration is expanding the market reach among urban warfare, special operations, and border security applications. The growing use of shoulder fired weapons in simulation, training, and military exercises, coupled with the demand for next-generation missile systems and launch platforms, is creating new opportunities for market growth. Additionally, the increasing investments in R&D for hypersonic, guided, and smart munitions are further supporting market expansion.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Launcher Component segment, which is expected to reach US$7.4 Billion by 2030 with a CAGR of a 4.6%. The Ammunition Component segment is also set to grow at 3.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, which was estimated at $1.8 Billion in 2023, and China, forecasted to grow at an impressive 4.0% CAGR to reach $1.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Shoulder Fired Weapons Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Shoulder Fired Weapons Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Shoulder Fired Weapons Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Denel SOC Ltd., Jsc Kbm, Jsc Spa Bazalt, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 43 Featured):

• Denel SOC Ltd.
• Jsc Kbm
• Jsc Spa Bazalt
• KBP Instrument Design Bureau
• Lockheed Martin Corporation
• MBDA France
• Nammo AS
• Norinco (China North Industries Group Corporation)
• Rafael Advanced Defense Systems Ltd.
• Raytheon Company
• Roketsan A.S.
• SAAB AB
• Thales Group