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Rising Defense Expenditures Fuel Growth In The Shoulder-Fired Weapons Market Driver: A Major Catalyst in the Evolution of the Shoulder Fired Weapons Market in 2025
Shoulder Fired Weapons
The escalation in spending on defense is anticipated to propel the market for shoulder-fired weapons. The need to maintain dominance and secure a country's position has led to a surge in defense expenditure. Globally, armed forces employ shoulder-fired weapons for defense and protection. These weapons provide significant benefits to the soldiers, allowing them to engage with targets without concern for the weapon's weight or the precision of the attack. For example, the Stockholm International Peace Research Institute, a Sweden-based independent international body, reported in April 2024 that global military expenditure had reached $2443 billion in 2023, marking a 6.8 per cent increase from 2022. Additionally, Russia's military spending rose by 24 per cent to an approximate $109 billion in 2023 as compared to the previous year. Hence, an escalation in defense spending fuels the market for shoulder-fired weapons.
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How will the growth rate of the shoulder fired weapons market shape industry trends by 2034?
The market for shoulder fired weapons has experienced swift growth in recent periods. The sector, which was worth $7.91 billion in 2024, is projected to expand to $8.85 billion in 2025, representing a compound annual growth rate (CAGR) of 11.9%. The historic growth trends can be traced back to factors such as military upgradation plans, operations against terrorism and insurgency, geopolitical disputes, regional strife, needs of infantry and special operations, as well as the requirements of law enforcement and homeland security.
In the coming few years, the market size for shoulder fired weapons is projected to witness swift expansion. By 2029, it is projected to reach $13.21 billion, expanding at a compound annual growth rate (CAGR) of 10.6%. The predicted growth during the forecast period could be due to factors such as evolving security threats, changes in military strategies, considerations for urban warfare, upgrades, replacements, and global defense collaborations. Key trends during this forecast period will likely encompass advancements in seeker technologies, quick advancement of counter-countermeasure systems, rising interest in non-line-of-sight capabilities, improved multi-role abilities, and the integration of networking and communication technologies.
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What trends are poised to drive the future success of the shoulder fired weapons market?
The innovation in recoilless artillery is a significant trend in the market for shoulder-fired weapons. These are direct-fire weapons characterized by their operational method, which counters the recoil from the projectile's forward movement by releasing propellant gases or other counter-masses from the back end of the barrel. The absence of the bulky, counteractive gear typical of standard cannons allows for a slender barrel. Consequently, platforms that usually wouldn't support the weight or recoil of a same-sized traditional cannon can launch a relatively large projectile. In May 2022, the Carl Gustaf Recoilless Rifle, already part of Sweden's military arsenal, is set to receive a novel type of ammo. With a lineage of recoilless rifles bearing hollow barrels for large-calibre explosives featuring spiral grooves for enhanced shot precision, Carl Gustaf's place in the field is secure.
Which primary segments of the shoulder fired weapons market are driving growth and industry transformations?
The shoulder fired weapons market covered in this report is segmented -
1) By Type: Guided, Unguided
2) By Component: Launcher, Ammunition
3) By Application: Defense, Home Security, Others
Subsegments:
1) By Guided: Anti-Tank Guided Missiles (ATGMs), Surface-To-Air Missiles (SAMs), Precision Guided Munitions
2) By Unguided: Rocket-Propelled Grenades (RPGs), Shoulder-Fired Rockets, Mortars
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Which geographical regions are pioneering growth in the shoulder fired weapons market?
North America was the largest region in the shoulder fired weapons market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shoulder fired weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the shoulder fired weapons market landscape?
Major companies operating in the shoulder fired weapons market include 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
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What Is Covered In The Shoulder Fired Weapons Global Market Report?
•Market Size Forecast: Examine the shoulder fired weapons market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the shoulder fired weapons market for a structured understanding.
•Key Players Overview: Analyze major players in the shoulder fired weapons market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the shoulder fired weapons market.
•Segment Contributions: Evaluate how different segments drive overall growth in the shoulder fired weapons market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the shoulder fired weapons market.
•Industry Challenges: Identify potential risks and obstacles affecting the shoulder fired weapons market.
•Competitive Landscape: Review strategic developments in the shoulder fired weapons market, including expansions, agreements, and new product launches.
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