Shoulder
Fired Weapons Market Share, Growth, Size & Industry Forecast 2034

The global shoulder fired weapons market was valued at USD
7.2 billion in 2024 and is estimated to grow at a CAGR of 5.5% to reach USD
12.2 billion by 2034. This growth is primarily driven by intensified military
modernization programs worldwide.

Rising geopolitical tensions and ongoing border disputes are
significantly fueling demand for shoulder-fired weapons, as armed forces seek
affordable, deployable force multipliers. Conflicts and standoffs in various
regions have heightened the need for portable, precise anti-armor and anti-air
systems. Additionally, military modernization efforts focus on developing
next-generation lightweight weapons that enhance mobility and effectiveness in
urban and asymmetric warfare scenarios. These programs prioritize upgrades like
improved targeting and reduced launch weight, which propel demand for advanced
shoulder-fired missiles.

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Strategic defense initiatives worldwide are channeling
significant resources into the research and development of man-portable weapon
systems, accelerating innovation, and expanding capabilities. This investment
focuses on creating more advanced, lightweight, and versatile shoulder-fired
weapons that meet the demands of modern combat scenarios. Enhanced precision,
improved targeting technologies, and greater portability are key priorities
driving these efforts. As militaries seek to upgrade their arsenals with
cutting-edge systems capable of adapting to diverse operational environments,
funding for R&D continues to rise, fueling market expansion and fostering
breakthroughs that set new standards in soldier effectiveness and battlefield
agility.

The guided weapons segment led the shoulder fired weapons market
in 2024, valued at USD 5.1 billion. The integration of guided shoulder-fired
weapons into comprehensive defense networks, such as advanced command and
control systems, has elevated their strategic importance. These weapons deliver
precision, flexibility, and real-time target adjustment capabilities, making
them indispensable on modern battlefields. This integration enhances
operational effectiveness and stimulates demand for sophisticated guided
systems, driving market growth.

The defense segment generated USD 6.3 billion in 2024. The
increasing need for lightweight, easily deployable weaponry to enhance soldier
agility and combat effectiveness is pushing shoulder-fired weapons to the
forefront. These systems are increasingly vital in anti-armor and anti-air
roles and are central to defense modernization programs aiming to replace
outdated weaponry with versatile, accurate solutions. Their adaptability across
conventional and irregular warfare ensures a solid position within various
military branches.

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United States Shoulder Fired Weapons Market was valued at
USD 2.2 billion in 2024. Growth here is fueled largely by ongoing procurements
of advanced portable systems by the Department of Defense. Programs focused on
enhancing soldier lethality, mobility, and capabilities in urban combat are
driving continuous upgrades in shoulder-fired anti-armor and anti-structure
weaponry. Heightened attention to urban warfare readiness and deployment
further sustains demand.

Key players in the Shoulder Fired Weapons Market include
Lockheed Martin Corporation, RTX, Saab AB, and MBDA. Companies in the
shoulder-fired weapons market are adopting multiple strategies to solidify
their market presence. They invest heavily in research and development to
innovate lighter, more accurate, and multifunctional weapons that meet evolving
battlefield needs.

Strategic partnerships and collaborations with military
agencies help them secure key contracts and tailor products to specific defense
requirements. Firms also focus on expanding their global footprint through
targeted marketing and regional offices, enhancing customer support and
after-sales services. Moreover, many players prioritize integrating
cutting-edge technologies such as precision guidance and connectivity features
to improve operational effectiveness, positioning themselves as leaders in modern
warfare solutions.

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