Press release
Shoulder Fired Weapons Market Poised for Steady Growth: Market size to hit $8.85 billion by 2025 driven by Defence Expenditure
Shoulder Fired Weapons Market
Increasing defence expenditure, modernization programs, and emerging security threats to drive a CAGR of 11.9% in the global shoulder fired weapons market by 2025.
What Is The Projected Market Size Of The Global Shoulder Fired Weapons Global Market Report 2025 And Its Growth Rate?
• The shoulder-fired weapons market was valued at $7.91 billion in 2024 and is set to grow to $8.85 billion in 2025.
• The market is projected to grow at a compound annual growth rate (CAGR) of 11.9% up to 2025.
• Key growth drivers include military modernization programs, counter-terrorism and insurgency operations, and geopolitical conflicts.
• The market is expected to see rapid growth in the coming years, reaching a size of $13.21 billion in 2029, with a CAGR of 10.6% in the forecast period.
What Is Driving The Growth In The Shoulder Fired Weapons Global Market Report 2025?
The rise in defense expenditures is a crucial driver of the shoulder-fired weapons market. Governments worldwide are increasing their defense spending to maintain their power and secure their nations. Shoulder-fired weapons are popular among armed forces globally due to their accuracy and lightweight design. For instance, according to the Stockholm International Peace Research Institute, global military expenditure reached $2443 billion in 2023, a 6.8% increase from 2022. Russia's military spending, in comparison, increased by 24% in 2023, reaching an estimated $109 billion - an uptick from the prior year. Hence, rising defence expenditure fuels the growth of the shoulder-fired weapons market.
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Who Are the Key Players Driving Shoulder Fired Weapons Global Market Report 2025 Growth?
• China North Industries Group Corporation
• Raytheon Company
• Lockheed Martin Corporation
• General Dynamics Corporation
• BAE Systems plc
• Thales Group
• Singapore Technologies Engineering Ltd.
• Rheinmetall AG
• Saab AB
• Rafael Advanced Defense Systems Ltd.
• Poongsan Corporation
• John Cockerill
• Chemring Group plc
• Fabrique Nationale Herstal S.A.
• Mesko S.A.
• Bharat Dynamics Limited
• Denel Land Systems
• JSC Arsenal AD
• AirTronic USA LLC
• Instalaza S.A.
• Roket Sanayii ve Ticaret A.S.
• JSC Konstruktorskoe Buro Priborostroeniya
• Giat Industries SASU
What Are The Key Trends In The Shoulder Fired Weapons Global Market Report 2025?
Key trends in the shoulder fired weapons market include:
• Advancements in seeker technologies
• Rapid development of counter-countermeasure systems
• Growing interest in non-line-of-sight capabilities
• Enhanced multi-role capabilities
• Integration of networking and communication technologies
What Are The Segments Of The Global Shoulder Fired Weapons Global Market Report 2025?
Segments of the global shoulder fired weapons market include:
1) By Type: Guided, Unguided
2) By Component: Launcher, Ammunition
3) By Application: Defense, Home Security, Others
Which Region Leads The Shoulder Fired Weapons Global Market Report 2025?
In 2024, North America led the global shoulder fired weapons market. However, the Asia-Pacific region is expected to grow at the fastest rate during the forecast period. The report covers the shoulder fired weapons market performance for Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Shoulder Fired Weapons Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Shoulder Fired Weapons Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Shoulder Fired Weapons Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Shoulder Fired Weapons Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Shoulder Fired Weapons Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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