The shoulder fired weapons market size has grown rapidly in recent years. It will grow from $7.91 billion in 2024 to $8.85 billion in 2025 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to military modernization programs, counter-terrorism and insurgency operations, geopolitical conflicts and regional tensions, infantry and special operations requirements, law enforcement and homeland security needs.
The shoulder fired weapons market size is expected to see rapid growth in the next few years. It will grow to $13.21 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to emerging security threats, shift in military doctrine, urban warfare considerations, upgrades and replacements, international defense collaborations. Major trends in the forecast period include advancements in seeker technologies, rapid development of counter-countermeasure systems, growing interest in non-line-of-sight capabilities, enhanced multi-role capabilities, integration of networking and communication technologies.
The rise in defense spending is anticipated to propel the shoulder-fired weapons market. Defense expenditures are growing as countries strive to maintain power and secure their positions. Armed forces worldwide utilize shoulder-fired weapons for defense and security, providing troops with a significant advantage by enabling target engagement without concerns over strike accuracy or weapon weight. For instance, in April 2024, the Stockholm International Peace Research Institute, a Sweden-based independent international institute, reported that global military spending reached $2.443 trillion in 2023, marking a 6.8% increase in real terms from 2022. Russia's military expenditure rose by 24%, reaching an estimated $109 billion in 2023 compared to 2022. Consequently, rising defense expenditure is fueling the growth of the shoulder-fired weapons market.
The increase in terrorist attacks is expected to drive the growth of the shoulder-fired weapons market. A terrorist attack is defined as any violent act or threat intended to create fear and intimidation for political, religious, or ideological purposes. The use of shoulder-fired weapons in such attacks is linked to their accessibility, symbolic value, effectiveness for high-profile targets, ease of use, and proven success in previous incidents. For example, in 2023, the Global Terrorism Index from the Institute for Economics & Peace, an Australia-based think tank, reported that terrorist attacks became deadlier in 2022, averaging 1.7 deaths per attack compared to 1.3 in 2021. Therefore, the increase in terrorist incidents is driving the demand for shoulder-fired weapons in the market.
The advancement of recoilless artillery is a significant trend in the shoulder-fired weapons market. Recoilless weapons are direct-fire arms distinguished by their unique operation, in which propellant gases (or another counter-mass such as powder or liquid) are expelled from the back of the barrel to offset the recoil generated by the projectile's forward motion. This design eliminates the need for the bulky recoil-mitigating equipment seen in typical cannons, allowing for a thinner-walled barrel. Consequently, a relatively large projectile can be fired from a platform that otherwise would not handle the weight or recoil of a similarly sized conventional cannon. For example, in May 2022, Sweden's military announced it would be acquiring new ammunition for the Carl Gustaf Recoilless Rifle. The Carl Gustaf, part of a lineage of recoilless rifles, uses a hollow tube with spiral grooves in the barrel to improve shot accuracy.
Leading companies in the shoulder-fired weapons market are prioritizing production expansion to satisfy the increasing demand for advanced, portable, and lethal weapons. Production expansion involves increasing a company's or industry's manufacturing capacity, including the expansion of facilities, processes, and resources to produce a higher volume of goods or services. For instance, in May 2022, Lockheed Martin Corporation, a U.S.-based aerospace company, announced plans to nearly double its annual production of the Javelin anti-tank shoulder-fired weapon from 2,100 to 4,000 units. This decision was made in response to heightened global demand for the precision weapon system, used by the U.S. Army, U.S. Marine Corps, and international customers. The Javelin Weapon System is a medium-range, fire-and-forget missile system capable of targeting armored vehicles, bunkers, and caves.
In January 2023, NIOA, an Australia-based provider of firearms, weapons, and ammunition for the military, acquired Barrett Firearms Manufacturing for an undisclosed amount. This acquisition allows NIOA to expand its global presence and enhance its defense capabilities by leveraging Barrett Firearms' proficiency in long-range precision rifles, ensuring the continued provision of high-quality firearms and munitions to military and law enforcement markets worldwide. Barrett Firearms Manufacturing is a U.S.-based company specializing in the design and manufacture of shoulder-fired weapons.
Major companies operating in the shoulder fired weapons market include China North Industries Group Corporation, Raytheon Company, Lockheed Martin Corporation, General Dynamics Corporation, BAE Systems plc, Thales Group, Singapore Technologies Engineering Ltd., Rheinmetall AG, Saab AB, Rafael Advanced Defense Systems Ltd., Poongsan Corporation, John Cockerill, Chemring Group plc, Fabrique Nationale Herstal S.A., Mesko S.A., Bharat Dynamics Limited, Denel Land Systems, JSC Arsenal AD, AirTronic USA LLC, Instalaza S.A., Roket Sanayii ve Ticaret A.S., JSC Konstruktorskoe Buro Priborostroeniya, Giat Industries SASU.
North America was the largest region in the shoulder fired weapons market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shoulder fired weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the shoulder fired weapons market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Shoulder-fired weapons are firearms designed to be shot while held against the shoulder, typically having a butt pressed against it during firing.
The primary types of shoulder-fired weapons are guided and unguided. Guided shoulder-fired weapons refer to those whose path can be changed in flight by a radar device. These weapons, equipped with launchers and ammunition, find use in defense, home security, and other applications.
The shoulder fired weapons market research report is one of a series of new reports that provides shoulder fired weapons market statistics, including shoulder fired weapons industry global market size, regional shares, competitors with a shoulder fired weapons market share, detailed shoulder fired weapons market segments, market trends and opportunities, and any further data you may need to thrive in the shoulder fired weapons industry. This shoulder fired weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The shoulder fired weapons market consists of sales of rocket-propellant grenade and bazooka. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The shoulder fired weapons market size is expected to see rapid growth in the next few years. It will grow to $13.21 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to emerging security threats, shift in military doctrine, urban warfare considerations, upgrades and replacements, international defense collaborations. Major trends in the forecast period include advancements in seeker technologies, rapid development of counter-countermeasure systems, growing interest in non-line-of-sight capabilities, enhanced multi-role capabilities, integration of networking and communication technologies.
The rise in defense spending is anticipated to propel the shoulder-fired weapons market. Defense expenditures are growing as countries strive to maintain power and secure their positions. Armed forces worldwide utilize shoulder-fired weapons for defense and security, providing troops with a significant advantage by enabling target engagement without concerns over strike accuracy or weapon weight. For instance, in April 2024, the Stockholm International Peace Research Institute, a Sweden-based independent international institute, reported that global military spending reached $2.443 trillion in 2023, marking a 6.8% increase in real terms from 2022. Russia's military expenditure rose by 24%, reaching an estimated $109 billion in 2023 compared to 2022. Consequently, rising defense expenditure is fueling the growth of the shoulder-fired weapons market.
The increase in terrorist attacks is expected to drive the growth of the shoulder-fired weapons market. A terrorist attack is defined as any violent act or threat intended to create fear and intimidation for political, religious, or ideological purposes. The use of shoulder-fired weapons in such attacks is linked to their accessibility, symbolic value, effectiveness for high-profile targets, ease of use, and proven success in previous incidents. For example, in 2023, the Global Terrorism Index from the Institute for Economics & Peace, an Australia-based think tank, reported that terrorist attacks became deadlier in 2022, averaging 1.7 deaths per attack compared to 1.3 in 2021. Therefore, the increase in terrorist incidents is driving the demand for shoulder-fired weapons in the market.
The advancement of recoilless artillery is a significant trend in the shoulder-fired weapons market. Recoilless weapons are direct-fire arms distinguished by their unique operation, in which propellant gases (or another counter-mass such as powder or liquid) are expelled from the back of the barrel to offset the recoil generated by the projectile's forward motion. This design eliminates the need for the bulky recoil-mitigating equipment seen in typical cannons, allowing for a thinner-walled barrel. Consequently, a relatively large projectile can be fired from a platform that otherwise would not handle the weight or recoil of a similarly sized conventional cannon. For example, in May 2022, Sweden's military announced it would be acquiring new ammunition for the Carl Gustaf Recoilless Rifle. The Carl Gustaf, part of a lineage of recoilless rifles, uses a hollow tube with spiral grooves in the barrel to improve shot accuracy.
Leading companies in the shoulder-fired weapons market are prioritizing production expansion to satisfy the increasing demand for advanced, portable, and lethal weapons. Production expansion involves increasing a company's or industry's manufacturing capacity, including the expansion of facilities, processes, and resources to produce a higher volume of goods or services. For instance, in May 2022, Lockheed Martin Corporation, a U.S.-based aerospace company, announced plans to nearly double its annual production of the Javelin anti-tank shoulder-fired weapon from 2,100 to 4,000 units. This decision was made in response to heightened global demand for the precision weapon system, used by the U.S. Army, U.S. Marine Corps, and international customers. The Javelin Weapon System is a medium-range, fire-and-forget missile system capable of targeting armored vehicles, bunkers, and caves.
In January 2023, NIOA, an Australia-based provider of firearms, weapons, and ammunition for the military, acquired Barrett Firearms Manufacturing for an undisclosed amount. This acquisition allows NIOA to expand its global presence and enhance its defense capabilities by leveraging Barrett Firearms' proficiency in long-range precision rifles, ensuring the continued provision of high-quality firearms and munitions to military and law enforcement markets worldwide. Barrett Firearms Manufacturing is a U.S.-based company specializing in the design and manufacture of shoulder-fired weapons.
Major companies operating in the shoulder fired weapons market include China North Industries Group Corporation, Raytheon Company, Lockheed Martin Corporation, General Dynamics Corporation, BAE Systems plc, Thales Group, Singapore Technologies Engineering Ltd., Rheinmetall AG, Saab AB, Rafael Advanced Defense Systems Ltd., Poongsan Corporation, John Cockerill, Chemring Group plc, Fabrique Nationale Herstal S.A., Mesko S.A., Bharat Dynamics Limited, Denel Land Systems, JSC Arsenal AD, AirTronic USA LLC, Instalaza S.A., Roket Sanayii ve Ticaret A.S., JSC Konstruktorskoe Buro Priborostroeniya, Giat Industries SASU.
North America was the largest region in the shoulder fired weapons market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shoulder fired weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the shoulder fired weapons market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Shoulder-fired weapons are firearms designed to be shot while held against the shoulder, typically having a butt pressed against it during firing.
The primary types of shoulder-fired weapons are guided and unguided. Guided shoulder-fired weapons refer to those whose path can be changed in flight by a radar device. These weapons, equipped with launchers and ammunition, find use in defense, home security, and other applications.
The shoulder fired weapons market research report is one of a series of new reports that provides shoulder fired weapons market statistics, including shoulder fired weapons industry global market size, regional shares, competitors with a shoulder fired weapons market share, detailed shoulder fired weapons market segments, market trends and opportunities, and any further data you may need to thrive in the shoulder fired weapons industry. This shoulder fired weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The shoulder fired weapons market consists of sales of rocket-propellant grenade and bazooka. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Shoulder Fired Weapons Market Characteristics3. Shoulder Fired Weapons Market Trends and Strategies4. Shoulder Fired Weapons Market - Macro Economic Scenario Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Shoulder Fired Weapons Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Shoulder Fired Weapons Market34. Recent Developments in the Shoulder Fired Weapons Market
5. Global Shoulder Fired Weapons Growth Analysis and Strategic Analysis Framework
6. Shoulder Fired Weapons Market Segmentation
7. Shoulder Fired Weapons Market Regional and Country Analysis
8. Asia-Pacific Shoulder Fired Weapons Market
9. China Shoulder Fired Weapons Market
10. India Shoulder Fired Weapons Market
11. Japan Shoulder Fired Weapons Market
12. Australia Shoulder Fired Weapons Market
13. Indonesia Shoulder Fired Weapons Market
14. South Korea Shoulder Fired Weapons Market
15. Western Europe Shoulder Fired Weapons Market
16. UK Shoulder Fired Weapons Market
17. Germany Shoulder Fired Weapons Market
18. France Shoulder Fired Weapons Market
19. Italy Shoulder Fired Weapons Market
20. Spain Shoulder Fired Weapons Market
21. Eastern Europe Shoulder Fired Weapons Market
22. Russia Shoulder Fired Weapons Market
23. North America Shoulder Fired Weapons Market
24. USA Shoulder Fired Weapons Market
25. Canada Shoulder Fired Weapons Market
26. South America Shoulder Fired Weapons Market
27. Brazil Shoulder Fired Weapons Market
28. Middle East Shoulder Fired Weapons Market
29. Africa Shoulder Fired Weapons Market
30. Shoulder Fired Weapons Market Competitive Landscape and Company Profiles
31. Shoulder Fired Weapons Market Other Major and Innovative Companies
35. Shoulder Fired Weapons Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Shoulder Fired Weapons Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on shoulder fired weapons market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for shoulder fired weapons? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The shoulder fired weapons market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Guided; Unguided2) By Component: Launcher; Ammunition
3) By Application: Defense; Home Security; Others
Subsegments:
1) By Guided: Anti-Tank Guided Missiles (ATGMs); Surface-To-Air Missiles (SAMs); Precision Guided Munitions2) By Unguided: Rocket-Propelled Grenades (RPGs); Shoulder-Fired Rockets; Mortars
Key Companies Mentioned: China North Industries Group Corporation; Raytheon Company; Lockheed Martin Corporation; General Dynamics Corporation; BAE Systems plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- China North Industries Group Corporation
- Raytheon Company
- Lockheed Martin Corporation
- General Dynamics Corporation
- BAE Systems plc
- Thales Group
- Singapore Technologies Engineering Ltd.
- Rheinmetall AG
- Saab AB
- Rafael Advanced Defense Systems Ltd.
- Poongsan Corporation
- John Cockerill
- Chemring Group plc
- Fabrique Nationale Herstal S.A.
- Mesko S.A.
- Bharat Dynamics Limited
- Denel Land Systems
- JSC Arsenal AD
- AirTronic USA LLC
- Instalaza S.A.
- Roket Sanayii ve Ticaret A.S.
- JSC Konstruktorskoe Buro Priborostroeniya
- Giat Industries SASU
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | March 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 8.85 Billion |
Forecasted Market Value ( USD | $ 13.21 Billion |
Compound Annual Growth Rate | 10.6% |
Regions Covered | Global |
No. of Companies Mentioned | 23 |