Shoulder-Fired Weapons Market Expecting Huge Growth during 2021-2025 Focusing on Leading Players- Raytheon Technologies Corporation, Saab AB, General Dynamics Corporation, Rafael Advanced Defense Systems Ltd., ROKETSAN, etc

The “Shoulder-Fired Weapons Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The shoulder-fired weapons market is expected to exhibit a CAGR of over 6% during the forecast period (2020 - 2025).

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Shoulder-Fired Weapons market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Shoulder-Fired Weapons Market: Raytheon Technologies Corporation, Saab AB, General Dynamics Corporation, Rafael Advanced Defense Systems Ltd., ROKETSAN, etc.

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Industry News and Developments:

in 2018, Rafael Advanced Defense Systems formed a JV called Kalyani Rafael Advanced Systems with Kalyani Strategic systems limited to manufacture anti-tank missiles for the Indian Army in India. Some of the companies are also working together to accommodate soldiers needs, mainly by reducing weight and improving ergonomics.

Key Market Trends

Rise in the demand of MANPATS and MANPADS

The use of Man-Portable Anti-Tank Systems (MANPATS) and Man-Portable Air Defense Systems (MANPADS) give a huge advantage to troops by engaging targets without worrying about the accuracy of the strike and weight of the weapon. With the increasing use of sophisticated armored machinery in conflicts, many countries are increasing the use of MANPATS, and MANPADS. Modern Man-Portable Air Defense Systems (MANPADS) are equipped with ultraviolet sensors for radiation detection, infrared sensors for heat detection and smart control units. Some of the most widely used MANPADS are Stinger missile (United States), Strela (Russia), Igla (Russia), Qianwei (China, Pakistan), etc. In 2019, Rafael was awarded a contract worth USD 221 million to supply 1500 Spike Anti-Tank missiles to Germany. According to Rafael, 33 countries have more than 30,000 Spike missiles in their inventories. Ukraine bought 210 Javelin anti-tank missiles along with 37 launchers from the United States in 2018 and signed a contract in 2019 for the second batch of 150 Javelin missiles. With the increasing incidents of drone strikes and air space intrusions, forces around the world are seeking advanced MANPADS systems for air defense. However, recent incidents of surface-to-air missiles use against civil aviation aircraft and major military forces supplying MANPADS and MANPATS to rebels and insurgents have brought into force counter MANPAD programs and stringent export control norms and regulations that may hinder the market growth.

Asia-Pacific to Exhibit Highest Growth Rate During the Forecast Period

Asia-Pacific has some of the largest importers of arms such as India, China, Pakistan, South Korea, etc. Chinas and Indias defense budgets for 2019 were USD 177.5 billion and USD 60.9 billion respectively. The market for shoulder-fired weapons in these two countries is driven by innovations and imports. India acquired 210 shoulder-fired Spike anti-tank missiles and 12 launchers for USD 39 million from Israeli firm Rafael Advanced Defense Systems Ltd. in 2019. In 2018, India also signed a USD 1.5 billion deal with Russia's KB Mashinostroyeniya for procurement of Igla S shoulder fired surface-to-air weapon system as part of its Very Short Range Air Defense (VSHORAD) program. China is a major developer of shoulder-fired weapons and it is investing in the development of smart sensor based weapons that can differentiate between foe, friend and neutral target to reduce the accidental shooting civilian aircraft and vehicles, which is rising in the region. Chinas shoulder-fired MANPADS FN-6 comes in 5 variants for different uses and it is exported to 10 countries including Bangladesh, Pakistan, Malaysia, Sudan, Qatar, etc.

For a comprehensive understanding of market dynamics, the global Shoulder-Fired Weapons market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Influence of the Shoulder-Fired Weapons market report:

-Comprehensive assessment of all opportunities and risks in the Shoulder-Fired Weapons market.

–Shoulder-Fired Weapons market recent innovations and major events.

-Detailed study of business strategies for growth of the Shoulder-Fired Weapons market-leading players.

-Conclusive study about the growth plot of Shoulder-Fired Weapons market for forthcoming years.

-In-depth understanding of Shoulder-Fired Weapons market-particular drivers, constraints, and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Shoulder-Fired Weapons market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Shoulder-Fired Weapons Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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