Global Shoulder Fired Weapons Market – Industry Trends and Forecast to 2028

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Market Analysis and Insights : Global Shoulder Fired Weapons Market

The shoulder fired weapons market is expected to witness market growth at a rate of 4.72% in the forecast period of 2021 to 2028 and is expected to reach USD 9773.31 million by 2028. Data Bridge Market Research report on shoulder fired weapons market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of military sector is escalating the growth of shoulder fired weapons market.

A shoulder-fired weapon refers to an explosive-carrying, and self-propelled projectile fired at a target. It is considered small enough to be carried by a single person and fired while held on one's shoulder. Shoulder-launched weapons generally are known to fire at one of two main target types—ground targets or air targets.

The rise in defense budgets of the developed and developing economies acts as one of the major factors driving the growth of shoulder fired weapons market. The increase in the demand for lightweight guided weapons across the globe and use of man-portable anti-tank systems (MANPATS) and man-portable air defense systems (MANPADS) as it engages targets without worrying about the accuracy of the strike and weight of the weapon accelerate the market growth. The rise in the demand for shoulder fired weapons because of high use of sophisticated armored machinery in conflicts and increase in inclination towards shoulder fired weapons over conventional weapons because of their cost-effectiveness further influence the market. Additionally, surge in the investments, concerns regarding security, and rise in defence sector positively affect the shoulder fired weapons market. Furthermore, rise in need for weapons to fight terrorism extend profitable opportunities to the market players in the forecast period of 2021 to 2028.

On the other hand, system requirements and design constraints, transfer of technology, and restriction on sale are expected to obstruct the market growth. Long-range weapon systems and defeating active protection systems and countermeasures are projected to challenge the shoulder fired weapons market in the forecast period of 2021-2028.

This shoulder fired weapons market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on shoulder fired weapons market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Shoulder Fired Weapons Market Scope and Market Size

The shoulder fired weapons market is segmented on the basis of component, technology, and range. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

• On the basis of component, the shoulder fired weapons market is segmented into launcher and ammunition. Launcher is further segmented into missile/rocket launcher, RPG (Rocket Propelled Grenade) launcher, and tripod. Missile/Rocket Launcher is further bifurcated into Manpats (Man-Portable Anti-Tank Systems) and Manpads (Man-Portable Anti-Aircraft Systems). RPG (Rocket Propelled Grenade) launcher is bifurcated into single shot and reloadable. Ammunition is further segmented into missile/rocket, RPG (Rocket Propelled Grenade), and RPG, by warhead type. Missile/Rocket is further bifurcated into anti-tank and anti-aircraft. RPG, by product type is further bifurcated into anti-tank, anti-bunker, and anti-personnel. RPG, by warhead type is further bifurcated into heat (high explosive anti-tank), tandem, fragmentation, and thermobaric.
• On the basis of technology, the shoulder fired weapons market is segmented into guided and unguided. Guided segment is further segmented into infrared homing, semi-automatic command line-of-sight (SACLOS), and semi active laser homing (SALH). Semi-automatic command line-of-sight (SACLoS) segment is further bifurcated into wire and radio guided, and beam guided. 
• On the basis of range, the shoulder fired weapons market is segmented into short range (>1 Km), medium range (1km–≤5km), and extended range (>5km).

Global Shoulder Fired Weapons Market Country Level Analysis

The shoulder fired weapons market is analysed, and market size, volume information is provided by country, component, technology, and range as referenced above.       

The countries covered in the global shoulder fired weapons market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America is expected to dominate the shoulder fired weapons market due to the high adoption of shoulder-fired weapons by the US and Canada for performing military missions within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the rise in the defense expenditure and rising terrorist activities in India, Indonesia, and Australia.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Shoulder Fired Weapons Market Share Analysis

The shoulder fired weapons market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to shoulder fired weapons market.

The major players covered in the shoulder fired weapons market report are Saab AB, Raytheon Technologies., Lockheed Martin Corporation., Rafael Advanced Defense Systems Ltd., Thales Group, MBDA, Bazalt, Nammo AS, KBP Instrument Design Bureau, Denel SOC Ltd, General Dynamics Ordnance and Tactical Systems, BAE Systems., Rheinmetall AG, Bharatshakti, AirTronic USA, LLC, BARRETT, Konstruktorskoye byuro mashynostroyeniya, China North Industries Corporation Limited, Xtreme Alternative Defense Systems Ltd, HDT Global, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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