IMARC Group's report titled “ 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 2025 -2033 ”, The global shoulder-fired weapons market size reached USD 7.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 11.2 Billion by 2033, exhibiting a growth rate (CAGR) of 4.87% during 2025-2033.
Factors Affecting the Growth of the Shoulder-Fired Weapons Industry:
- Rising Geopolitical Tensions and Defense Spending:
The Shoulder-Fired Weapons Market is growing quickly because of rising global tensions and more countries increasing their defense budgets. As security threats and conflicts increase, nations are focusing on improving their military, especially with portable weapons like anti-tank guided missiles (ATGMs) and shoulder-fired rockets. These weapons are becoming more popular for ground and urban combat. Governments are investing in research to make these weapons more accurate, powerful, and easy to use. There is also a growing need for lightweight, fast-to-deploy systems, especially for smaller forces fighting larger enemies. As countries face complex security challenges, the demand for shoulder-fired weapons is expected to rise.
- Technological Advancements and Integration:
Technological advancements are also shaping the market. New materials, electronics, and guidance systems are making shoulder-fired weapons lighter, stronger, and more accurate. Smart features like target tracking and improved optics are making these weapons more effective. Additionally, modular designs allow users to customize the weapons for different missions. The rise of drones and unmanned systems is also influencing the market, as these weapons are being designed to work well with these platforms. As the military adapts to changing battle conditions, the demand for advanced shoulder-fired weapons will continue to grow.
- Increased Focus on Counter-Terrorism and Asymmetric Warfare:
The global fight against terrorism and asymmetric warfare is also impacting the Shoulder-Fired Weapons Market. Military and law enforcement agencies need these weapons for fast responses in urban and rugged environments. Shoulder-fired weapons are portable and easy to use, making them ideal for counter-terrorism operations. Governments are investing in training to make sure personnel can use these systems effectively, increasing demand. These weapons are also useful for situations like hostage rescues, building clearances, and anti-terrorism operations. As the nature of warfare changes, the focus on counter-terrorism and unconventional combat will continue to drive demand for shoulder-fired weapons.
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Leading Companies Operating in the Global Shoulder-Fired Weapons Industry:
- Airtronic Usa LLC
- Barrett
- Lockheed Martin Corporation
- MBDA
- Nammo AS
- Rafael Advanced Defense Systems Ltd
- Raytheon Technologies Corporation
- Roketsen
- Saab AB
Shoulder-Fired Weapons Market Report Segmentation:
Breakup by Technology:
- Guided
- Unguided
Breakup by Range:
- Short
- Medium
- Long
Breakup by Assembly Type:
- Projectile
- Launcher
Breakup by Application:
- Defense
- Home Security
- Others
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
Shoulder-Fired Weapons Market Trends:
Looking ahead to 2024, the Shoulder-Fired Weapons Market will continue to grow. There will be more focus on improving the capabilities of these weapons, adding smart features, and making them easier to use. Lightweight and compact systems will be in higher demand to make military forces more mobile. Counter-terrorism efforts will lead to more collaboration between governments and defense contractors to create specialized weapons for urban and asymmetrical threats. Weapons will also need to work well with other military systems, leading to better integration. These trends show that the market will keep evolving to meet the changing needs of modern warfare and security.
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