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Global Shoulder Fired Weapons Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Shoulder Fired Weapons
What Is the Shoulder Fired Weapons Market Size and Projected Growth Rate?
The market size for shoulder fired weapons has been experiencing swift growth over the past years. Currently valued at $7.91 billion in 2024, it is expected to reach $8.85 billion in 2025, boasting a compound annual growth rate (CAGR) of 11.9%. The substantial growth observed in the past is the result of several factors, including programs aimed at military modernization, operations countering terrorism and insurgency, geopolitical disputes and regional discord, mandates for infantry and special operations, as well as the needs of law enforcement and homeland security.
The market size of shoulder fired weapons is anticipated to experience a significant surge in its growth over the upcoming years. By 2029, it is projected to reach a valuation of $13.21 billion, recording a compound annual growth rate (CAGR) of 10.6%. Factors contributing to this growth within the forecast period involve increased security threats, modifications in military strategies, considerations related to urban warfare, system upgrades and replacements, as well as collaborations in international defense. During the forecast period, notable market trends comprise the progressive advancements in seeker technologies, the swift development of countermeasure systems, the rising interest in non-line-of-sight capabilities, improved multi-role functionalities, and the incorporation of networking and communication technologies.
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What Are the Major Segments in the Shoulder Fired Weapons Market?
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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What Are The Driving Shoulder Fired Weapons Market Evolution?
An upswing in defense spending is set to propel the shoulder-fired weapons industry. Increasing defense budgets are essential to preserve a country's dominance and stability. Global armed forces use shoulder-fired weapons for defense and security, bringing significant benefits to troops by enabling target engagement without concerns over strike accuracy or the weight of the weapon. For example, the Stockholm International Peace Research Institute - a Swedish independent international institute - recorded a total global military expenditure of $2443 billion in 2023, marking a 6.8% real-term increase from 2022. In the same period, Russia boosted its military expenditure by 24% to an estimated $109 billion. A growth in defense spending, therefore, acts as a catalyst for the shoulder-fired weapons industry.
Which Firms Dominate The Shoulder Fired Weapons Market Segments?
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
What Trends Are Driving Growth in The Shoulder Fired Weapons Market?
The emergence of recoilless artillery has become a significant tendency in the shoulder-fired weapons market. The key distinction of these direct-fire weapons comes from their operation method. The propellant gases or another counter-mass such as powder or liquid are expelled from the rear of the barrel to offset the recoil created by the projectile's forward thrust. This removes the need for the hefty and non-practical recoil-absorption apparatus typically found in ordinary artillery, permitting the use of a barrel with thinner walls. Consequently, it enables the launch of a comparably large projectile from a platform that otherwise would be unable to bear the weight or recoil of an equivalent-sized traditional cannon. In May 2022, the Swedish military announced its plan to procure a new type of ammunition for an existing weapon, the Carl Gustaf Recoilless Rifle. Carl Gustaf is part of a legacy of recoilless rifles featuring hollow tubes for large-diameter explosives, complete with spiral ridges in the barrel to augment the accuracy of the shots fired.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Shoulder Fired Weapons Market?
2. What is the CAGR expected in the Shoulder Fired Weapons Market?
3. What Are the Key Innovations Transforming the Shoulder Fired Weapons Industry?
4. Which Region Is Leading the Shoulder Fired Weapons Market?
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