The Shoulder-Fired Weapons Market: Strategic Maritime Assets with a Projected CAGR of 4.5% by 2027

The global shoulder-fired weapons market is poised for substantial growth, with Market Data Forecast forecasting a value of USD 8.9 billion by 2027, growing at a (CAGR) of 4.5% during the forecast period.

Shoulder-fired weapons are firearms or missile systems designed for one person to carry and fire from their shoulder. These portable weapons include items like rocket-propelled grenade launchers and handheld missile systems. They provide soldiers or individuals with the ability to engage enemy targets such as vehicles, aircraft, or fortified positions while on the move. These weapons offer flexibility and mobility on the battlefield, allowing for quick deployment and firing from a standing position, enhancing infantry capabilities in combat situations.

Shoulder-fired weapons remain crucial in military arsenals, addressing the demand for portable and versatile arms. These systems cater to diverse combat requirements, offering effective anti-tank, anti-aircraft, and anti-personnel capabilities. Integral in military modernization and counterterrorism operations, these weapons equip infantry units with mobile and adaptable firepower, ensuring strategic agility and response in various combat scenarios.

Heightened regional conflicts and geopolitical tensions drive the demand for shoulder-fired weapons among military forces globally. These weapons offer flexibility in asymmetric warfare and provide a cost-effective solution for defense against various threats.

Advancements in missile guidance systems, enhanced accuracy, and improved ergonomics contribute to the development of more efficient and advanced shoulder-fired weapon systems. These innovations enhance the capabilities and effectiveness of these weapons.

Stringent regulations and export control measures govern the trade and transfer of shoulder-fired weapons due to concerns over proliferation and misuse. Compliance with international export laws and restrictions can limit market access for manufacturers.

Concerns regarding the potential misuse and proliferation of shoulder-fired weapons, including their falling into the hands of non-state actors or terrorist groups, influence regulations and limit the ease of trade.

Key Players in the Shoulder-Fired Weapons Market:
● Lockheed Martin Corporation
● Raytheon Technologies Corporation
● MBDA
● Rafael Advanced Defense Systems
● Saab AB
● Thales Group
● Northrop Grumman Corporation
● Boeing Defense, Space & Security
● BAE Systems plc
● KBP Instrument Design Bureau
● Denel Dynamics
● Nammo AS
● LIG Nex1
● Rostec State Corporation
● Diehl Defence
● Mitsubishi Heavy Industries
● Artis, LLC
● Arsenal JSCo
● Rosoboronexport

Recent Developments:
● In Oct 2022, Saab pursued advancements in shoulder-fired weapon technology, including improvements in portability, target acquisition systems, and integration with digital battlefield networks.
● In September 2022, (Lockheed Martin) announced the successful testing of an advanced shoulder-fired missile system, showcasing enhanced accuracy and targeting capabilities.
● In April 2022, (Raytheon Technologies) revealed partnerships to develop next-generation portable air defense systems with improved engagement ranges and effectiveness.

Key Market Segments Covered in Shoulder-Fired Weapons Market Research:
By Component
● Launcher,
● Ammunition

By Range
● Short-range
● Medium-range
● Long-range
By Technology
● Guided,
● Unguided
By Region
● North America
● Europe
● Asia-Pacific
● Latin America
● Middle East and Africa
North America, spearheaded by the United States, holds a significant role in the Shoulder-Fired Weapons Market. The region boasts a robust defense sector characterized by persistent innovation and substantial military investments. The U.S., prioritizing advanced weapon systems and ongoing military modernization efforts, stands as a pivotal force, shaping and influencing the trends and advancements within this market segment. This focus contributes significantly to the region's prominence in the shoulder-fired weapons domain.
Europe, anchored by established defense manufacturers and technological innovation hubs, commands a notable segment of the Shoulder-Fired Weapons Market. Nations like Germany, France, and the UK significantly contribute with their cutting-edge missile systems and pioneering defense research initiatives. This collective expertise and focus on innovation position Europe as a key player in the domain, solidifying its considerable share in the shoulder-fired weapons market segment.
The Asia-Pacific region is emerging as a significant force in the Shoulder-Fired Weapons Market. Nations like China, India, and South Korea invest heavily in defense modernization programs, leading to the procurement and development of sophisticated shoulder-fired weapons, contributing to the market's growth.