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

To get more Insights: Request Free Sample Report

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
Segments	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:

Lockheed Martin
MBDA Holdings
Saab
Thales Group
Glock
General Dynamics
BAE Systems
Safran Group
Bharat Electronics
Northrop Grumman
Stumpp, Schuele & Somappa Springs Pvt. Ltd.
Nammo AS
Norinco (China North Industries Corporation)
RTX
General Dynamics
XX Inc.

Buy Now

Request For Free sample

Frequently Asked Questions

1. What are the growth drivers for the Shoulder Fired Weapons Market?

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

2. What are the challenge of the Shoulder Fired Weapons Market?

Technological complexity and regulatory and export controls are the challenge in the Shoulder Fired Weapons Market.

3. What is the projected Shoulder Fired Weapons Market size & and growth rate of the Market?

The Market size was valued at USD 7.18 Billion in 2023 and the total Market revenue is expected to grow at a CAGR of 5.46 % from 2024 to 2030, reaching nearly USD 10.42 Billion.

4. What segments are covered in the Market report?

The segments covered in the market report are by Range, Technology, and Component.

1.   Shoulder Fired Weapons Market: Research Methodology
1.1. Research Data
1.1.1.   Primary Data
1.1.2.   Secondary Data
1.2. Market Size Estimation
1.2.1.   Bottom-Up Approach
1.2.2.   Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Assumptions

2. Shoulder Fired Weapons Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments and Regions

3.   Shoulder Fired Weapons Market: Competitive Landscape
3.1. Stellar Competition Matrix
3.2. Key Players Benchmarking
3.2.1.   Company Name
3.2.2.   Headquarter
3.2.3.   Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1.   Market Leaders
3.3.2.   Market Followers
3.3.3.   Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
3.4.4. Product Launches and Innovation

4.   Shoulder Fired Weapons Market: Dynamics
4.1. Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Technological Factors
4.7.5. Legal Factors
4.7.6. Environmental Factors
4.8. Technological Roadmap
4.9. Value Chain Analysis and Supply Chain Analysis
4.10. Regulatory Landscape
4.10.1.   Market Regulation by Region
4.10.1.1.   North America
4.10.1.2.   Europe
4.10.1.3.   Asia Pacific
4.10.1.4.   Middle East and Africa
4.10.1.5.   South America
4.10.2.   Impact of Regulations on Market Dynamics
4.10.3.   Government Schemes and Initiatives

5.   Shoulder Fired Weapons Market Size and Forecast by Segments (by Value USD Million)
5.1. Shoulder Fired Weapons Market Size and Forecast, By Range (2023-2030)
5.1.1.   Short Range
5.1.2.   Medium Range
5.1.3.   Long Range
5.2. Shoulder Fired Weapons Market Size and Forecast, By Technology (2023-2030)
5.2.1.   Guided
5.2.2.   Unguided
5.2.3.   Others
5.3. Shoulder Fired Weapons Market Size and Forecast, By Component (2023-2030)
5.3.1.   Launcher
5.3.2.   Ammunition
5.4. Shoulder Fired Weapons Market Size and Forecast, by Region (2023-2030)
5.4.1.   North America
5.4.2.   Europe
5.4.3.   Asia Pacific
5.4.4.   Middle East and Africa
5.4.5.   South America

6.   North America Shoulder Fired Weapons Market Size and Forecast (by Value USD Million)
6.1. North America Shoulder Fired Weapons Market Size and Forecast, By Range (2023-2030)
6.1.1.   Short Range
6.1.2.   Medium Range
6.1.3.   Long Range
6.2. North America Shoulder Fired Weapons Market Size and Forecast, By Technology (2023-2030)
6.2.1.   Guided
6.2.2.   Unguided
6.2.3.   Others
6.3. North America Shoulder Fired Weapons Market Size and Forecast, By Component (2023-2030)
6.3.1.   Launcher
6.3.2.   Ammunition
6.4. North America Shoulder Fired Weapons Market Size and Forecast, by Country (2023-2030)
6.4.1.   United States
6.4.2.   Canada
6.4.3.   Mexico

7.   Europe Shoulder Fired Weapons Market Size and Forecast (by Value USD Million)
7.1. Europe Shoulder Fired Weapons Market Size and Forecast, By Range (2023-2030)
7.2. Europe Shoulder Fired Weapons Market Size and Forecast, By Technology (2023-2030)
7.3. Europe Shoulder Fired Weapons Market Size and Forecast, By Component (2023-2030)
7.4. Europe Shoulder Fired Weapons Market Size and Forecast, by Country (2023-2030)
7.4.1.   UK
7.4.2.   France
7.4.3.   Germany
7.4.4.   Italy
7.4.5.   Spain
7.4.6.   Sweden
7.4.7.   Austria
7.4.8.   Rest of Europe

8.   Asia Pacific Shoulder Fired Weapons Market Size and Forecast (by Value USD Million)
8.1. Asia Pacific Shoulder Fired Weapons Market Size and Forecast, By Range (2023-2030)
8.2. Asia Pacific Shoulder Fired Weapons Market Size and Forecast, By Technology (2023-2030)
8.3. Asia Pacific Shoulder Fired Weapons Market Size and Forecast, By Component (2023-2030)
8.4. Asia Pacific Shoulder Fired Weapons Market Size and Forecast, by Country (2023-2030)
8.4.1.   China
8.4.2.   S Korea
8.4.3.   Japan
8.4.4.   India
8.4.5.   Australia
8.4.6.   Indonesia
8.4.7.   Malaysia
8.4.8.   Vietnam
8.4.9.   Taiwan
8.4.10.   Bangladesh
8.4.11.   Pakistan
8.4.12.   Rest of Asia Pacific

9.   Middle East and Africa Shoulder Fired Weapons Market Size and Forecast (by Value USD Million)
9.1. Middle East and Africa Shoulder Fired Weapons Market Size and Forecast, By Range (2023-2030)
9.2. Middle East and Africa Shoulder Fired Weapons Market Size and Forecast, By Technology (2023-2030)
9.3. Middle East and Africa Shoulder Fired Weapons Market Size and Forecast, By Component (2023-2030)
9.4. Middle East and Africa Shoulder Fired Weapons Market Size and Forecast, by Country (2023-2030)
9.4.1.   South Africa
9.4.2.   GCC
9.4.3.   Egypt
9.4.4.   Nigeria
9.4.5.   Rest of ME&A

10.   South America Shoulder Fired Weapons Market Size and Forecast (by Value USD Million)
10.1. South America Shoulder Fired Weapons Market Size and Forecast, By Range (2023-2030)
10.2. South America Shoulder Fired Weapons Market Size and Forecast, By Technology (2023-2030)
10.3. South America Shoulder Fired Weapons Market Size and Forecast, By Component (2023-2030)
10.4. South America Shoulder Fired Weapons Market Size and Forecast, by Country (2023-2030)
10.4.1.   Brazil
10.4.2.   Argentina
10.4.3.   Rest of South America

11.   Company Profile: Key players
11.1. Lockheed Martin
11.1.1.   Company Overview
11.1.2.   Product Portfolio
11.1.2.1.   Product Name
11.1.2.2.   Product Details (Price, Features, etc.)
11.1.3.   Financial Overview
11.1.3.1.   Total Revenue
11.1.3.2.   Segment Revenue
11.1.3.3.   Regional Revenue
11.1.4.   SWOT Analysis
11.1.5.   Strategic Analysis
11.1.6.   Recent Developments
11.2. MBDA Holdings
11.3. Saab
11.4. Thales Group
11.5. Glock
11.6. General Dynamics
11.7. BAE Systems
11.8. Safran Group
11.9. Bharat Electronics
11.10. Northrop Grumman
11.11. Stumpp, Schuele & Somappa Springs Pvt. Ltd.
11.12. Nammo AS
11.13. Norinco (China North Industries Corporation)
11.14. RTX
11.15. General Dynamics
11.16. XX Inc.