The Shoulder Fired Weapons Market growth is expected to gain high momentum during the forecast period due to the increasing border conflicts as well as increasing demand for advanced weapons.

With growing economies, the defense expenditure of governments is also rising, owing to the rise in geopolitical issues and terrorist activities. This has led to the demand for advanced weapons and ammunition. Moreover, with technological advancements and innovations, it has become mandatory for subsequent upgrades and customization of weapons.
Based on technology, the shoulder-fired weapons market has been divided into guided and unguided. Furthermore, the latest shoulder-fired weapons have become lightweight, compact, easy to carry and use, and are precise. For instance, the latest version of the M72 is three pounds lighter than the M3E1 Carl Gustav recoilless rifle. This rising need for modern warfare, increasing need for safety & security, and protection against terrorist groups are expected to drive the shoulder-fired weapons market during the forecast period.

Key Factors Impacting Market Growth:

• Rapid growth in global sales of various weapons and ammunition
• Rising incidences of cross-border conflicts and instances of asymmetric warfare across the globe
• Growing need to meet the dynamics of the market, in terms of technological advancements and innovations
• Increasing defense expenditures of countries

Regional Outlook: 

The shoulder fired weapons market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for shoulder fired weapons market during the forecast period. Major countries in these regions include the US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. The Asia Pacific is estimated to be the fastest-growing region with increasing expenditure on defense and space research. With the presence of some of the fastest-growing economies including India and China, this region is projected to be a major market for shoulder-fired weapons during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for shoulder fired weapons market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is an emerging market for shoulder fired weapons with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Companies Covered: Airtronic USA, Armar Corp., ATK Defense Group, Bazalt, Bharat Dynamics Limited, Dynamit Nobel Defense, GenCorp, General Dynamics, JSC SPA Bazalt, Kawasaki Heavy Industries, KBM, KBP Instrument Design Bureau, Lockheed Martin, Mesko SA, MBDA Holdings SAS, Nammo, Norinco (China North Industries Corporation), Northrop Grumman, Rafael Advanced Defense Systems Ltd., Raytheon Company, Roketsan A.S., Thales Group, Toshiba, and Saab AB

Market Segmentation:

By Range:

• Short Range (Less than 1km)
• Medium Range (From 1km to 5km)
• Extended Range (More than 5km) 

By Technology:

• Guided

• Infrared Homing
• Semi-Active Laser Homing (SALH)
• Semi-Automatic Command Line-Of-Sight (SACLOS)
  • Beam Guided
  • Wire and Radio Guided

• Unguided

By Component:

• Ammunition

• Missile/Rocket
  • Anti-Aircraft
  • Anti-Tank
• RPG (Rocket Propelled Grenade)
  • RPG, by product type
    • Anti-bunker
    • Anti-personnel
    • Anti-tank
  • RPG, by warhead type
    • HEAT (High Explosive Anti-Tank)
    • Fragmentation
    • Tandem
    • Thermobaric
  • Launcher
    • Missile/Rocket Launcher
      • MANPADS (Anti-Aircraft)
      • MANPATS (Anti-Tank)
    • RPG (Rocket Propelled Grenade) Launcher
      • Reloadable
      • Single shot
      • Tripod

By Region:

• North America
  • By Country (US, Canada)
  • By Range
  • By Technology
  • By Component
• Latin America
  • By Country (Mexico, Brazil)
  • By Range
  • By Technology
  • By Component
• Western Europe
  • By Country (Germany, UK, France, Italy, Spain)
  • By Range
  • By Technology
  • By Component
• Eastern Europe
  • By Country (Poland, Russia)
  • By Range
  • By Technology
  • By Component
• Asia Pacific
  • By Country (China, India, Japan, Australia, New Zealand, ASEAN Countries)
  • By Range
  • By Technology
  • By Component
• Middle East & Africa
  • By Country (GCC Countries, South Africa, Northern Africa)
  • By Range
  • By Technology
  • By Component

Reasons To Buy This Report:

• Market size estimation of the shoulder-fired weapons market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

For more information, contact: [email protected]