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Report
Shoulder-Fired Weapons Market Report by Technology (Guided, Unguided), Range (Short, Medium, Long), Assembly Type (Projectile, Launcher), Application (Defense, Home Security, and Others), and Region 2024-2032
Market Report I 2024-03-02 I 138 Pages I IMARC Group
The global shoulder-fired weapons market size reached US$ 6.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.12% during 2024-2032. The increasing geopolitical tensions between countries, the integration of advanced technologies, and the launch of smart weapons represent some of the key factors driving the market.
Shoulder-fired weapons are self-propelled explosive rocket projectiles that can be operated by a single person. They target anti-tank weapons, anti-aircraft, man-portable anti-defense systems, rocket-propelled grenades, and anti-vessel launchers. They are generally guided and unguided to hit targets on the ground or air and have special applications like armor-piercing. They enable armed forces to target objects and escape the area quickly before they can be spotted by the enemy. They are lightweight, easier to transport, and require less maintenance as compared to traditionally used missile systems. They are commonly available in short, medium, and extended ranges variants. Amongst these, the short range shoulder-fired weapons are used in close-counter combat operations and can fire a projectile at a maximum range of 1000 meters. On the other hand, medium range shoulder-fired weapons can be combined with multiple warheads and fire at a maximum of 3000 meters. Moreover, extended range shoulder-fired weapons are the most sophisticated and capable systems and have higher muzzle velocity and greater accuracy due to more advanced guidance systems that can engage targets beyond 3000 meters.
Shoulder-Fired Weapons Market Trends:
The increasing adoption of advanced weapons and significant growth in the military and defense sectors represents one of the major factors driving the demand for shoulder-fired weapons across the globe. The rising instances of armed conflicts, violence, and terrorism are supporting the market growth. Moreover, the growing investments by military and defense organizations in the upgradation of existing infrastructure to enhance national security are favoring the market growth. In addition, there is an increase in the adoption of man-portable air defense systems (MANPADS) and man-portable anti-tank systems that provide a massive advantage to armed forces by engaging targets without being concerned about the weight and accuracy of the strike by the weapon. Apart from this, key players are introducing smart shoulder-fired weapons that are embedded in electronic warfare (EW) systems to provide augmented reality (AR) information to operators. They are also integrating satellite guidance systems, artificial intelligence (AI), and machine learning (ML) that help military personnel deal with combatants on the battlefield and minimize the collateral damage, which, in turn, is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global shoulder-fired weapons market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on technology, range, assembly type, and application.
Technology Insights:
Guided
Unguided
The report has also provided a detailed breakup and analysis of the shoulder-fired weapons market based on the technology. This includes guided and unguided. According to the report, guided technology represented the largest segment.
Range Insights:
Short
Medium
Long
A detailed breakup and analysis of the shoulder-fired weapons market based on the range has also been provided. This includes short, medium, and long range. According to the report, the medium range accounted for the largest market share.
Assembly Type Insights:
Projectile
Launcher
A detailed breakup and analysis of the shoulder-fired weapons market based on the assembly type has also been provided in the report. This includes projectile and launcher. According to the report, projectile assembly accounted for the largest market share.
Application Insights:
Defense
Home Security
Others
A detailed breakup and analysis of the shoulder-fired weapons market based on the application has also been provided. This includes defense, home security, and others. According to the report, the defense industry accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, North America was the largest market for shoulder-fired weapons. Some of the factors driving the North America shoulder-fired weapons market included the existence of the largest producers and considerable users of shoulder-fired weapons, the upgradation of existing infrastructure, and extensive research and development (R&D) activities to procure new weapons capable of AI-enabled warfare.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global shoulder-fired weapons market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Airtronic Usa LLC, Barrett, Lockheed Martin Corporation, MBDA, Nammo AS, Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corporation, Roketsen, Saab AB., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. How big is the global shoulder-fired weapons market?
2. What is the expected growth rate of the global shoulder-fired weapons market during 2024-2032?
3. What are the key factors driving the global shoulder-fired weapons market?
4. What has been the impact of COVID-19 on the global shoulder-fired weapons market?
5. What is the breakup of the global shoulder-fired weapons market based on the technology?
6. What is the breakup of the global shoulder-fired weapons market based on the range?
7. What is the breakup of the global shoulder-fired weapons market based on the assembly type?
8. What is the breakup of the global shoulder-fired weapons market based on the application?
9. What are the key regions in the global shoulder-fired weapons market?
10. Who are the key players/companies in the global shoulder-fired weapons market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Shoulder-Fired Weapons Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 Guided
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Unguided
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Range
7.1 Short
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Medium
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Long
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Assembly Type
8.1 Projectile
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Launcher
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Defense
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Home Security
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 Drivers, Restraints, and Opportunities
11.1 Overview
11.2 Drivers
11.3 Restraints
11.4 Opportunities
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Airtronic Usa LLC
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Barrett
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Lockheed Martin Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 MBDA
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Nammo AS
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Rafael Advanced Defense Systems Ltd
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Raytheon Technologies Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Roketsen
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Saab AB
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
Figure 1: Global: Shoulder-Fired Weapons Market: Major Drivers and Challenges
Figure 2: Global: Shoulder-Fired Weapons Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Shoulder-Fired Weapons Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Shoulder-Fired Weapons Market: Breakup by Technology (in %), 2023
Figure 5: Global: Shoulder-Fired Weapons Market: Breakup by Range (in %), 2023
Figure 6: Global: Shoulder-Fired Weapons Market: Breakup by Assembly Type (in %), 2023
Figure 7: Global: Shoulder-Fired Weapons Market: Breakup by Application (in %), 2023
Figure 8: Global: Shoulder-Fired Weapons Market: Breakup by Region (in %), 2023
Figure 9: Global: Shoulder-Fired Weapons (Guided) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Shoulder-Fired Weapons (Guided) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Shoulder-Fired Weapons (Unguided) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Shoulder-Fired Weapons (Unguided) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Shoulder-Fired Weapons (Short) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Shoulder-Fired Weapons (Short) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Shoulder-Fired Weapons (Medium) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Shoulder-Fired Weapons (Medium) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Shoulder-Fired Weapons (Long) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Shoulder-Fired Weapons (Long) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Shoulder-Fired Weapons (Projectile) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Shoulder-Fired Weapons (Projectile) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Shoulder-Fired Weapons (Launcher) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Shoulder-Fired Weapons (Launcher) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Shoulder-Fired Weapons (Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Shoulder-Fired Weapons (Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Shoulder-Fired Weapons (Home Security) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Shoulder-Fired Weapons (Home Security) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Shoulder-Fired Weapons (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Shoulder-Fired Weapons (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: North America: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: North America: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: United States: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: United States: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Canada: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Canada: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Asia-Pacific: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Asia-Pacific: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: China: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: China: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Japan: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Japan: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: India: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: India: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: South Korea: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: South Korea: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Australia: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Australia: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Indonesia: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Indonesia: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Others: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Others: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Europe: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Europe: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Germany: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Germany: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: France: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: France: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: United Kingdom: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: United Kingdom: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Italy: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Italy: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Spain: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Spain: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Russia: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Russia: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Others: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Others: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Latin America: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Latin America: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Brazil: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Brazil: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Mexico: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Mexico: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Others: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Others: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Middle East and Africa: Shoulder-Fired Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Middle East and Africa: Shoulder-Fired Weapons Market: Breakup by Country (in %), 2023
Figure 77: Middle East and Africa: Shoulder-Fired Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Global: Shoulder-Fired Weapons Industry: Drivers, Restraints, and Opportunities
Figure 79: Global: Shoulder-Fired Weapons Industry: Value Chain Analysis
Figure 80: Global: Shoulder-Fired Weapons Industry: Porter's Five Forces Analysis
Table 1: Global: Shoulder-Fired Weapons Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Shoulder-Fired Weapons Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 3: Global: Shoulder-Fired Weapons Market Forecast: Breakup by Range (in Million US$), 2024-2032
Table 4: Global: Shoulder-Fired Weapons Market Forecast: Breakup by Assembly Type (in Million US$), 2024-2032
Table 5: Global: Shoulder-Fired Weapons Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Shoulder-Fired Weapons Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Shoulder-Fired Weapons Market: Competitive Structure
Table 8: Global: Shoulder-Fired Weapons Market: Key Players
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