Shoulder Fired Weapons Market: Global Industry Analysis and Forecast (2024-2030)

  • Shoulder Fired Weapons Market size was valued at USD 7.18 Bn. in 2023 and the Shoulder Fired Weapons revenue is expected to grow at a CAGR of 5.46 % from 2024 to 2030, reaching nearly USD 10.42 Bn. by 2030.

  • Format : PDF | Report ID : SMR_2034

Shoulder Fired Weapons Market Overview:

A shoulder-fired weapon is an explosive-loaded projectile that propel itself towards a target. It is compact so that a single person is able to carry and shoot it from the shoulder. Shoulder-launched guns are usually pointed at either ground or air objectives. One of the main reasons why the shoulder-fired weapon industry is growing is because of the rise in military budgets amongst the old and new economies. In addition there is an upsurge in demand for shoulder fired weapons because of increased use of sophisticated armoured vehicles in war thus making people prefer them to traditional weapons which are expensive. It is also true that growing military budget and greater security threats have a positive impact on the market for man portable weapons. At the same time, rising anti-terrorism gun demand opens up revenue streams for industry stakeholders in the forecast period of time.

 

In the case of an increasing global terrorism problem, the amount of developing countries seeking to defend their basic assets and territories is increasing. It is worth noting that an anti-aircraft gun is employed in a battlefield more effectively. Growing hostility between countries has resulted in increased military spending. All these factors are boosting the market growth of shoulder fired weapons.

Shoulder Fired Weapons Market

 

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Shoulder Fired Weapons Market Dynamics:

Modernization of Military Forces and Technological Advancements in the Field are fuelling the Market.

Numerous countries are enhancing their defense systems with fresh weaponry, among them handheld firearms to increase the military power. These includes transitioning from older to more advanced and efficient systems. Shoulder-held arms are rendered more effective and preferable to any individual soldier because of improvements in these systems that include guidance mechanisms, targeting accurateness as well as payloads power. Growing international tension and conflicts in various locations have led to a demand for man-portable weapons systems. These weapons systems are acquired by countries involved in conflicts, as well as with unstable borders. Many nations buy more of those weapons for furnishing their commando or anti-terrorist squads as part of global fight against terrorism. All these factors are driving the shoulder fired weapons industry.

 

Technological Complexity and Regulatory and Export Controls Affect the Shoulder Fired Weapons Market.

The complexity of incorporating different novel technologies such as guidance systems, sensors, targeting devices in shoulder-fired weapons requires considerable Research &Development experience, which prove to be an obstacle for certain manufacturers. Also, strict rules and export bans on selling and transmitting shoulder-fired arms stifle market growth. Amid multiple treaty obligations and stiff national laws compliance is a problem as well as a narrow escape. A considerable challenge arises from the risk that non-state actors, terrorists or criminal organizations get hold of shoulder-fired weapons.

 

This lead to an increase in monitoring as well as the imposition of tighter controls on how they are distributed. The expense of producing and purchasing contemporary shoulder-fired arms is highly prohibitive especially for nations that have low defense spending, while at the same time high prices deter investment or restrict market growth. All these factors are affecting the shoulder fired weapons market growth.

 

Shoulder Fired Weapons Market Segment Analysis:

By Range, the market is segmented as short-range, medium-range, and long-range. The medium segment accounts for the highest share and is expected to continue the same during the forecast period. Modern armed forces have a great range of missiles, including surface-to-air missiles (SAM) and surface-to-air guided weapons in the infantry. Medium-range shoulder fixed weapon systems are considerably applicable in armed forces because of its portability, perfect target locking, and higher lethality.

 

Medium-range shoulder-fired weapons are particularly effective against helicopters, fixed-wing aircraft, and other targets. Medium-range weapons play an important role in neutralizing military bases, tanks, and bunkers. All these factors are propelling the growth of the segment in the market. The demand for short-range anti-tank missiles is expected to increase at a steady rate for small operations, insurgencies, and routine training.

Shoulder Fired Weapons Market1

Shoulder Fired Weapons Market Regional Insight:

North America has the largest shoulder fired weapons market share in 2023 and is expected to lead the market during the forecast period. North America is experiencing significant growth as more R&D operations are being focused on developing new and innovative, technology-based designs for portable fighting systems. It is technological advances in the battle platform that are growing the North American shoulder-fired weapon market. The use of state-of-the-art man portable anti-tank weaponry and air defense systems gives a big advantage to the troops. All these factors are driving the shoulder fired weapons market in the region.

Shoulder Fired Weapons Market2

Shoulder Fired Weapons Market Competitive Landscape:

  • February 2023, Saab AB signed a framework agreement with a Government of a Western country and received orders for Carl-Gustaf multi-purpose shoulder-launched weapon, the RBS 70 NG short-range air defense system, and the Giraffe 1X radar, with the order value of approximately USD 767.54 Million and deliveries planned in 2023–2026.
  • April 2023, the IMoD (Israel Ministry of Defense) and the Hellenic Ministry of National Defense (Greece) signed a defense exports agreement to acquire ‘Spike’ missiles of the Rafael Advanced Defense Systems Ltd., i.e., valued at approximately USD 403 Million.
  • May 2023, The US Army awarded the JJV (Javelin Joint Venture, a partnership between Raytheon Missiles & Defense and Lockheed Martin) an IDIQ (Indefinite-Delivery, Indefinite-Quantity) production contract with a total ceiling of USD 7.2 Billion for fiscal years 2023 to 2026 for the Javelin weapon system and associated equipment & services.

 

Shoulder Fired Weapons Market Scope:

Shoulder Fired Weapons Market

Market Size in 2023

USD 7.18 Bn.

Market Size in 2030

USD 10.42 Bn.

CAGR (2024-2030)

5.46 %

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

   Segments

By Range

Short Range

Medium Range

Long Range

By Technology

Guided

Unguided

Others

 

By Component

Launcher

Ammunition

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Shoulder Fired Weapons Market Key Players:

  1. Lockheed Martin
  2. MBDA Holdings
  3. Saab
  4. Thales Group
  5. Glock
  6. General Dynamics
  7. BAE Systems
  8. Safran Group
  9. Bharat Electronics
  10. Northrop Grumman
  11. Stumpp, Schuele & Somappa Springs Pvt. Ltd.
  12. Nammo AS
  13. Norinco (China North Industries Corporation)
  14.  RTX
  15. General Dynamics
  16. XX Inc.


Frequently Asked Questions

Modernization of military forces and technological advancements in the field are the driver of the Shoulder Fired Weapons Market.

1.    Shoulder Fired Weapons Market: Research Methodology 
2.    Shoulder Fired Weapons Market: Executive Summary
3.    Shoulder Fired Weapons Market: Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
5.    Shoulder Fired Weapons Market Import Export Landscape
5.1. Import Trends
5.2. Export Trends
5.3. Regulatory Compliance
5.4. Major Export Destinations
5.5. Import-Export Disparities
6.    Shoulder Fired Weapons Market: Dynamics
6.1. Market Trends by Region
6.1.1.    North America
6.1.2.    Europe
6.1.3.    Asia Pacific
6.1.4.    Middle East and Africa
6.1.5.    South America

6.2. Market Drivers by Region
6.2.1.    North America
6.2.2.    Europe
6.2.3.    Asia Pacific
6.2.4.    Middle East and Africa
6.2.5.    South America

6.3. Market Restraints
6.4. Market Opportunities
6.5. Market Challenges
6.6. PORTER’s Five Forces Analysis
6.7. PESTLE Analysis
6.8. Strategies for New Entrants to Penetrate the Market
6.9. Regulatory Landscape by Region
6.9.1.    North America
6.9.2.    Europe
6.9.3.    Asia Pacific
6.9.4.    Middle East and Africa
6.9.5.    South America

7.    Shoulder Fired Weapons Market Size and Forecast by Segments (by Value Units)
7.1. Shoulder Fired Weapons Market Size and Forecast, by Range (2023-2030)
7.1.1.    Short Range
7.1.2.    Medium Range
7.1.3.    Long Range

7.2. Shoulder Fired Weapons Market Size and Forecast, by Technology (2023-2030)
7.2.1.    Guided
7.2.2.    Unguided
7.2.3.    Others

7.3. Shoulder Fired Weapons Market Size and Forecast, by Component (2023-2030)
7.3.1.    Launcher
7.3.2.    Ammunition

7.4. Shoulder Fired Weapons Market Size and Forecast, by Region (2023-2030)
7.4.1.    North America
7.4.2.    Europe
7.4.3.    Asia Pacific
7.4.4.    Middle East and Africa
7.4.5.    South America

8.    North America Shoulder Fired Weapons Market Size and Forecast (by Value Units)
8.1. North America Shoulder Fired Weapons Market Size and Forecast, by Range (2023-2030)
8.1.1.    Short Range
8.1.2.    Medium Range
8.1.3.    Long Range

8.2. Shoulder Fired Weapons Market Size and Forecast, by Technology (2023-2030)
8.2.1.    Guided
8.2.2.    Unguided
8.2.3.    Others

8.3. Shoulder Fired Weapons Market Size and Forecast, by Component (2023-2030)
8.3.1.    Launcher
8.3.2.    Ammunition

8.4. North America Shoulder Fired Weapons Market Size and Forecast, by Country (2023-2030)
8.4.1.    United States
8.4.2.    Canada
8.4.3.    Mexico

9.    Europe Shoulder Fired Weapons Market Size and Forecast (by Value Units)
9.1. Europe Shoulder Fired Weapons Market Size and Forecast, by Range (2023-2030)
9.1.1.    Short Range
9.1.2.    Medium Range
9.1.3.    Long Range

9.2. Shoulder Fired Weapons Market Size and Forecast, by Technology (2023-2030)
9.2.1.    Guided
9.2.2.    Unguided
9.2.3.    Others

9.3. Shoulder Fired Weapons Market Size and Forecast, by Component (2023-2030)
9.3.1.    Launcher
9.3.2.    Ammunition

9.4. Europe Shoulder Fired Weapons Market Size and Forecast, by Country (2023-2030)
9.4.1.    UK
9.4.2.    France
9.4.3.    Germany
9.4.4.    Italy
9.4.5.    Spain
9.4.6.    Sweden
9.4.7.    Russia 
9.4.8.    Rest of Europe

10.    Asia Pacific Shoulder Fired Weapons Market Size and Forecast (by Value Units)
10.1. Asia Pacific Shoulder Fired Weapons Market Size and Forecast, by Range (2023-2030)
10.1.1.    Short Range
10.1.2.    Medium Range
10.1.3.    Long Range

10.2. Shoulder Fired Weapons Market Size and Forecast, by Technology (2023-2030)
10.2.1.    Guided
10.2.2.    Unguided
10.2.3.    Others

10.3. Shoulder Fired Weapons Market Size and Forecast, by Component (2023-2030)
10.3.1.    Launcher
10.3.2.    Ammunition

10.4. Asia Pacific Air Traffic Control (ATC) Communications Market Size and Forecast, by Country (2023-2030)
10.4.1.    China
10.4.2.    S Korea
10.4.3.    Japan
10.4.4.    India
10.4.5.    Australia
10.4.6.    Indonesia 
10.4.7.    Malaysia
10.4.8.    Vietnam
10.4.9.    Taiwan
10.4.10.    Bangladesh
10.4.11.    Pakistan
10.4.12.    Rest of Asia Pacific

11.    Middle East and Africa Shoulder Fired Weapons Market Size and Forecast (by Value Units)
11.1. Middle East and Africa Shoulder Fired Weapons Market Size and Forecast, by Range (2023-2030)
11.1.1.    Short Range
11.1.2.    Medium Range
11.1.3.    Long Range

11.2. Middle East and Africa Market Size and Forecast, by Technology (2023-2030)
11.2.1.    Guided
11.2.2.    Unguided
11.2.3.    Others

11.3. Shoulder Fired Weapons Market Size and Forecast, by Component (2023-2030)
11.3.1.    Launcher
11.3.2.    Ammunition

11.4. Middle East and Africa Shoulder Fired Weapons Market Size and Forecast, by Country (2023-2030)
11.4.1.    South Africa
11.4.2.    GCC
11.4.3.    Egypt
11.4.4.    Nigeria
11.4.5.    Rest of ME&A

12.    South America Shoulder Fired Weapons Market Size and Forecast (by Value Units)
12.1. South America Shoulder Fired Weapons Market Size and Forecast, by Range (2023-2030)
12.1.1.    Short Range
12.1.2.    Medium Range
12.1.3.    Long Range

12.2. South America Market Size and Forecast, by Technology (2023-2030)
12.2.1.    Guided
12.2.2.    Unguided
12.2.3.    Others

12.3. Shoulder Fired Weapons Market Size and Forecast, by Component (2023-2030)
12.3.1.    Launcher
12.3.2.    Ammunition

12.4. South America Shoulder Fired Weapons Market Size and Forecast, by Country (2023-2030)
12.4.1.    Brazil
12.4.2.    Argentina
12.4.3.    Rest of South America

13.    Company Profile: Key players
13.1. Lockheed Martin
13.1.1.1.    Company Overview
13.1.1.2.    Financial Overview
13.1.1.3.    Business Portfolio
13.1.1.4.    SWOT Analysis
13.1.1.5.    Business Strategy 
13.1.1.6.    Recent Developments

13.2. MBDA Holdings
13.3. Saab
13.4. Thales Group
13.5. Glock
13.6. General Dynamics
13.7. BAE Systems
13.8. Safran Group
13.9. Bharat Electronics
13.10. Northrop Grumman
13.11. Stumpp, Schuele & Somappa Springs Pvt. Ltd.
13.12. Nammo AS
13.13. Norinco (China North Industries Corporation)
13.14.  RTX
13.15. General Dynamics
13.16. XX Inc.
14.    Key Findings
15.    Industry Recommendation

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