The Shoulder Fired Weapons Market Size was valued at a CAGR of 4.80% over the forecast period 2023-2030.
A Shoulder-Launched Weapon is a lightweight canister containing a self-propelled explosive rocket projectile that may be operated by a single person and fired from their shoulders. They are divided into three categories based on their range: short-range, medium-range, and long-range. It can launch anti-tank or anti-aircraft missiles depending on the target. Based on its design criteria, it can also be guided or unguided. Unlike traditional missile systems, which are either fixed in place or placed on heavily armoured vehicles, a Shoulder-Fired Weapon is lighter, easier to carry, and requires less maintenance. Many militaries throughout the world favour it because it has lower upfront expenses and a simpler training process.
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The launcher and the warhead are the two major components of shoulder-fired weapons. External guidance systems can be added to the launchers to improve accuracy and range. Most new launchers are designed to be interoperable, allowing multiple types of missiles to be fired from them. Shoulder-Fired Missiles can be guided or unguided to hit ground or air targets and have unique applications such as armour piercing. The majority of shoulder-fired weapons are utilised by light infantry units to attack ground-based targets such as bunkers, light to medium armoured vehicles, and enemy outposts. They are also known as MANPATS or MANPADS. Precision strikes are used to target low-flying aircraft with other types.
MARKET DYNAMICS
KEY DRIVERS
The requirement for next-generation anti-tank weapons
Lightweight Guided Weapons are in high demand.
RESTRAINTS
Technology Transfer and Sales Restrictions
Design Constraints and System Requirements
OPPORTUNITIES
Weapons Required to Combat Terrorism
Emerging Markets are seeing an increase in demand for shoulder-fired weapons.
CHALLENGES
Shoulder-fired weapons must become proficient in these emerging technologies in order to remain a viable alternative for users.
Countermeasures and Active Protection Systems
IMPACT OF COVID-19
The global market for shoulder-fired guns has been badly disrupted by the COVID-19 pandemic.
The COVID-19 epidemic slowed economic growth in nearly all major countries, altering consumer purchasing patterns.
National and international travel have been hampered as a result of the lockdown applied in many nations, which has greatly disrupted the supply chain of numerous sectors around the world, consequently increasing the supply-demand gap.
Furthermore, small vendors and OEMs cannot supply spare parts and other raw materials to defence and other businesses that rely on them.
As a result, insufficient raw material supply is predicted to slow the production rate of shoulder fired weapons, thus impacting the market growth of shoulder fired weapons.
However, the situation is expected to improve as governments around the world begin to reduce regulations for resuming corporate operations.
Based on product, the global Shoulder-Fired Weapons Market is divided into three categories: short range, medium range, and long range. Short Range Shoulder-Fired Weapons are typically utilised in close-combat operations and have a maximum range of less than 1000 metres. Medium-range weapons have a maximum range of 3000 metres and are mostly employed to engage tanks or low-flying aircraft. Because of their versatility, medium range weapons are the most sought-after.
It may be paired with numerous warheads and has a range of 1000-3000 metres, making it excellent for attacking ground assets. Because of more advanced guidance systems, Extended Range weapons have higher muzzle velocity and greater accuracy, engaging targets beyond 3000 metres, and are the most sophisticated and capable systems in the Shoulder-Fired Weapons sector.
The ammunition sector dominated the shoulder fired weapons market in the projected period and is likely to continue its dominance through 2022. Developing countries, including China and India, are increasing their investments in man-portable weapon systems. Shoulder-fired weapons improve military land warfare capabilities at a fraction of the expense of other weapon systems. These countries are increasing their investments in innovative technology and focusing on the production of a diverse variety of offensive fighting vehicles.
The market for shoulder-fired weapons has been studied and divided into guided and unguided technologies. The guided category dominates the shoulder fired weapons industry in terms of technology. This category is expected to increase at the fastest CAGR throughout the forecast period, owing to upgrades and modernization initiatives, the acquisition of new fire-and-forget missiles, and the usage of advanced guidance systems.
By Range
Short range
Medium Range
Extended Range
By Component
Launcher
Ammunition
By Technology
Guided
Unguided
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REGIONAL ANALYSIS
In the future years, China and India are projected to dominate the market for shoulder-fired weaponry. During the projection period, the United States is expected to lead the market for shoulder-fired weapons. This quick expansion can be linked to the region's increased research and development activity for the development of advanced technology-based designs of man portable military weapons. From the estimated period, the Indian shoulder fired weapons market is expected to develop at the fastest CAGR. In India, the demand for shoulder-fired weapons is growing due to the modernisation of existing battalions and the delivery of these systems for anti-tank and anti-air tasks.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are General Dynamic Corporation, Lockheed Martin Corporation, Thales Group, Saab AB, KBP Instrument Design Bureau, Raytheon Company, Rafael Advanced Defense Systems, MBDA, and other players
Thales Group-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ xx Million |
| Market Size by 2030 | US$ xx Million |
| CAGR | CAGR of 4.80% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Range (Short range, Medium Range, Extended Range) • By Component (Launcher, Ammunition) • By Technology (Guided, Unguided) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | General Dynamic Corporation, Lockheed Martin Corporation, Thales Group, Saab AB, KBP Instrument Design Bureau, Raytheon Company, Rafael Advanced Defense Systems, MBDA. |
| KEY DRIVERS | • The requirement for next-generation anti-tank weapons • Lightweight Guided Weapons are in high demand. |
| Restraints | • Technology Transfer and Sales Restrictions • Design Constraints and System Requirements |
The requirement for next-generation anti-tank weapons and Lightweight Guided Weapons are in high demand.
The global market for shoulder-fired guns has been badly disrupted by the COVID-19 pandemic. The COVID-19 epidemic slowed economic growth in nearly all major countries, altering consumer purchasing patterns.
The sample for the Shoulder Fired Weapons Market report is available on the website upon request. To obtain the sample report, you can also use the 24*7 chat support and direct call services.
Weapons Required to Combat Terrorism and Emerging Markets are seeing an increase in demand for shoulder-fired weapons.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Shoulder Fired Weapons Market Segmentation, by Range
8.1 Short range
8.2 Medium Range
8.3 Extended Range
9. Shoulder Fired Weapons Market Segmentation, by Component
9.1 Launcher
9.2 Ammunition
10. Shoulder Fired Weapons Market Segmentation, by Technology
10.1 Guided
10.2 Unguided
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 General Dynamic Corporation
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Lockheed Martin Corporation
12.3 Thales Group
12.4 Saab AB
12.5 KBP Instrument Design Bureau
12.6 Raytheon Company
12.7 Rafael Advanced Defense Systems
12.8 MBDA
12.9 Roketsan AS
12.10 JSC SPA Bazalt
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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