Shoulder Fired Weapon Market to Record Sturdy Growth by 2028

Shoulder Fired Weapon Market: Introduction

Shoulder fire weapon is a portable, self- launching weapon used for self-propelled projectile firing at the target. Shoulder fire weapons is further divided into two categories – anti-aircraft and anti-tank that uses the launcher to fire at the target. Factor driving the demand of shoulder fired weapon market includes – need for advanced anti-tank weapons, necessity of long range weapon system, urge to carry light weight weapons, precision strike on enemies’ platform and weapon design constraints. Furthermore, asymmetrical warfare requires portable, mobile, light weight weapons to control the situations. Shoulder fired weapon provide with the significant advantages of anti-bunker, anti-personnel capabilities and anti-tank capabilities to the ground troop. Manufacturers are focusing on upgrading the conventional system and providing their consumers with new and upgraded technology. This is estimated to fuel the demand for shoulder fired weapon market over the near future.

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Shoulder Fired Weapon Market: Dynamics

The investments and related expenditure in defense sector of individual countries with respect to military combat weapons in turn has been responsible growth of the Shoulder Fired Weapon market. Some of the prominent driving factors for the growth of global Shoulder Fired Weapon are rise in asymmetrical warfare, modernization of armed forces and increasing need of security. Additionally, the growing spending and investment of several countries on their defense is estimated to propel the demand of the Shoulder Fired Weapons over the forecast period. The Shoulder Fired Weapon market has been emerging from a lot of time and has become the necessity in the defense sector and for the protection against terrorism activities. The demand to increase the national armory with more advanced weapons and ammunitions by the government authorities has made the Shoulder Fired Weapon market in great demand which is expected to grow even more rapidly in the future. The market for the Shoulder Fired Weapon will remain healthier in coming period as this component has been gaining popularity in all the developing economies across the globe. Some of the prominent countries in the global market, are focused to develop advanced Shoulder Fired Weapon which can directly target the warfare affected areas. The Shoulder Fired Weapon market has been undergoing considerable research, innovation and development to provide superior combat and user safety provisions in the current scenario. However, with the introduction of automated missile systems and related surface combat equipment devoid of human interface can pose as restraint for the shoulder fired weapon market.

Shoulder Fired Weapon Market: Segmentation

The Shoulder Fired Weapon market can be segmented by system by components, by range and by technology

By components Fired Weapon market can be segmented as:

Ammunition
Rocket Propelled Grenade
Rocket Propelled Grenade, by Warhead Type
Fragmentation
Tandem
High Explosive Anti-Tank
Thermobaric
Rocket Propelled Grenade, by Product Type
Anti-Bunker
Anti-Tank
Anti-Pesonnel
Missile/Rocket
Anti-Aircraft
Anti-Tank
Launcher
Rocket Propelled Grenade Launcher
Reloadable
Single Shot
Missile/Rocket Launcher
MANPADS (Anti-Aircraft)
MANPATS (Anti-Tank)
By Range Shoulder Fired Weapon market can be segmented as:

Extended Range
Medium Range
Short Range
By technology Shoulder Fired Weapon market can be segmented as:

Unguided
Guided
Shoulder Fired Weapon Market: Regional Dynamics

Up gradation in artillery and armor has led to increasing demand for defense and military products in the Middle East, Eastern Europe, North Korea, India and China. The U.S. and Russia are considered to be the major supplying hub owing to established manufacturing base in respective countries. The market is also expected to depend upon business treaties signed between the supplying nations and borrowing nations on a periodic basis.

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Shoulder Fired Weapon Market: Key Participants

Examples of some of the market participants in the global Shoulder Fired Weapon Market are:

Raytheon Company
General Dynamics Corporation
MBDA, Inc.
Thales Group
Rafael Advanced Defense Systems Ltd.
KBM Group
Lockheed Martin Corporation
Saab AB
KBP Instrument Design Bureau
Northrop Grumman Corporation
Orbital ATK, Inc.
Bharat Dynamics Limited
GenCorp Inc.
Nammo AS

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