Shoulder-fired Weapons Market: Trends, Forecast, and Competitive Analysis to 2031

The "Shoulder-fired Weapons Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Shoulder-fired Weapons market is expected to grow annually by 12.8% (CAGR 2024 - 2031).

This entire report is of 150 pages.

Shoulder-fired Weapons Introduction and its Market Analysis

The shoulder-fired weapons market research report provides a detailed analysis of the market conditions for these weapons, which are portable anti-tank, anti-aircraft, and anti-personnel systems. The target market for shoulder-fired weapons includes military organizations, law enforcement agencies, and private security firms. Major factors driving revenue growth in this market include increasing security threats, modernization of military equipment, and rising defense budgets. The report analyzes the key players in the market, such as Saab AB, Raytheon Company, Lockheed Martin, and others, assessing their market share, product offerings, and strategies. The main findings of the report highlight the growing demand for advanced shoulder-fired weapons and recommend investments in research and development to stay competitive.

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The global shoulder-fired weapons market is categorized into short range, medium range, and extended range weapons, each serving different applications such as defense, home security, and others. The market is driven by rising security concerns and increasing defense spending across the globe. Regulatory and legal factors play a critical role in shaping market conditions, with stringent government regulations governing the production, sale, and use of shoulder-fired weapons. This includes strict licensing requirements, export controls, and compliance with international treaties and agreements. Companies operating in this market must adhere to these regulations to avoid legal penalties and maintain market competitiveness. As the demand for shoulder-fired weapons continues to grow, manufacturers must stay informed of changing regulatory landscapes to ensure compliance and sustain business growth in this dynamic sector.

Top Featured Companies Dominating the Global Shoulder-fired Weapons Market

The shoulder-fired weapons market is highly competitive with key players such as Saab AB, The Raytheon Company, Lockheed Martin, Rafael Advanced Defense Systems, Thales Group, MBDA Holdings, JSC SPA Bazalt, Nammo AS, KBP Instrument Design Bureau, JSC KBM, Norinco(China North Industries Corporation), Denel SOC Ltd, and Roketsan . These companies produce a wide range of shoulder-fired weapons including anti-tank missiles, surface-to-air missiles, and man-portable air defense systems to cater to various defense requirements.

Saab AB is known for its RBS 70 and RBS 70 NG man-portable air defense systems, while Raytheon is a leading manufacturer of the Javelin anti-tank missile system. Lockheed Martin offers the FIM-92 Stinger surface-to-air missile system, and Rafael Advanced Defense Systems is known for its Spike missile family. Thales Group, MBDA Holdings, JSC SPA Bazalt, Nammo AS, KBP Instrument Design Bureau, JSC KBM, Norinco, Denel SOC Ltd, and Roketsan A.S also have a significant presence in the shoulder-fired weapons market.

These companies help grow the shoulder-fired weapons market by developing advanced technologies, improving accuracy, range, and lethality of their systems, and offering customized solutions to meet specific customer requirements. They also invest in research and development to stay ahead of the competition and meet the evolving defense needs of customers worldwide.

In terms of sales revenue, some of the above-listed companies have reported significant figures in recent years. For example, Lockheed Martin reported a total revenue of $65.4 billion in 2020, Raytheon reported $29.2 billion, and Saab AB reported SEK 27.2 billion (approximately $3.1 billion). These companies play a vital role in the shoulder-fired weapons market and contribute to its growth and innovation through their technological expertise and product offerings.

• Saab AB
• The Raytheon Company
• Lockheed Martin
• Rafael Advanced Defense Systems
• Thales Group
• MBDA Holdings
• JSC SPA Bazalt
• Nammo AS
• KBP Instrument Design Bureau
• JSC KBM
• Norinco(China North Industries Corporation)
• Denel SOC Ltd
• Roketsan A.S

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Shoulder-fired Weapons Market Analysis, by Type:

• Short Range Shoulder-fired Weapons
• Medium Range Shoulder-fired Weapons
• Extended Range Shoulder-fired Weapons

Short Range Shoulder-fired Weapons are typically portable and lightweight, suitable for close combat situations. Medium Range Shoulder-fired Weapons have increased range and accuracy, making them effective against targets at a greater distance. Extended Range Shoulder-fired Weapons can engage targets at even farther distances, offering increased versatility and lethality. The demand for Shoulder-fired Weapons is boosted by the varying capabilities of these different types, allowing armed forces to effectively counter a wide range of threats on the battlefield. The increasing need for portable and versatile weapons systems also contributes to the growth of the Shoulder-fired Weapons market.

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Shoulder-fired Weapons Market Analysis, by Application:

• Defense
• Home Security
• Other

Shoulder-fired weapons are commonly used for defense, home security, and various other applications. In defense, they are used by military personnel to engage enemy targets from a distance. For home security, they provide individuals with a means to protect their property against intruders. In other applications, they are used for hunting, recreational shooting, and law enforcement operations. The fastest growing application segment in terms of revenue is defense, as countries continue to invest in advanced shoulder-fired weapons to enhance their military capabilities and counter emerging threats.

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Shoulder-fired Weapons Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The shoulder-fired weapons market is expected to witness significant growth across North America, particularly in the USA, due to increasing defense spending to modernize its military equipment. In APAC, China is anticipated to dominate the market with a high market share percentage valuation, driven by rising geopolitical tensions and the need for advanced defense systems. Europe is also expected to contribute to the market's growth, supported by increasing defense budgets in countries like France, Germany and the UK. Overall, the expected market share of the shoulder-fired weapons market in different regions will vary, with APAC potentially leading the way followed by North America and Europe.

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