Top Market Shifts Transforming the Shoulder Fired Weapons Market Landscape: Key Insights

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What Is the Expected CAGR for the Shoulder Fired Weapons Market Through 2025?
The market size for shoulder fired weapons has rapidly expanded in the past years. Its growth is projected to escalate from $7.91 billion in 2024 to $8.85 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.9%. Factors like military modernization initiatives, counter-terrorism activities, resistance operations, geopolitical disputes, regional tensions, infantry, special operation needs and the demands of law enforcement and homeland security have contributed to the growth during the historic period.

What's the Projected Size of the Global Shoulder Fired Weapons Market by 2029?
Anticipated rapid expansion is observed in the shoulder fired weapons market in the upcoming years, with its projected growth rate set to reach $13.21 billion by 2029, with an accelerated compound annual growth rate (CAGR) of 10.6%. The expansion during this period can be largely attributed to the surfacing of new security threats, alterations in military principles, considerations regarding urban warfare, hardware upgrades and replacements, as well as international defense collaborations. Noticeable trends in the forecast period encompass advancements in seeker technology, speedy progress of counter-countermeasure systems, escalating interest in non-line-of-sight capabilities, enhanced multi-role capabilities, and incorporation of networking and communication technologies.

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Top Growth Drivers in the Shoulder Fired Weapons Industry: What's Accelerating the Market?
The anticipated surge in defense spending is predicted to propel the shoulder-fired weapons market. The rise in defense expenditure is mainly to maintain dominance and secure a country's standing. Shoulder-fired weapons are widely employed by the global military for defense and security purposes. These weapons afford significant advantage to soldiers by enabling them to target without concern for the precision of the attack and the weight of the weapon. For instance, the Stockholm International Peace Research Institute, an independent international body based in Sweden, documented that in April 2024, the total global military expenditure escalated to $2443 billion in 2023, marking a real terms rise of 6.8 per cent from 2022. Russia's military expenditure saw a substantial 24 per cent hike to around $109 billion in 2023 relative to the previous year. Therefore, a surge in defense expenditure fuels the shoulder-fired weapons market.

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What Trends Will Shape the Shoulder Fired Weapons Market Through 2029 and Beyond?
The advancement of recoilless artillery is a dominant trend in the shoulder-fired weapons market. Recoilless arms, a type of direct-fire weapon, works by releasing propellant gases or any counter-mass such as powder or liquid from the weapon's rear to balance the recoil triggered by the projectile's forward movement. This obviates the need for hefty, unwieldy recoil-offsetting gear found in standard artillery, permitting a more streamlined barrel. Consequently, it lets the firing of a relatively larger projectile from a platform that would otherwise be unsuited to bear the weight or recoil of a similarly sized traditional artillery. In May 2022, the Swedish military announced their decision to procure a new form of ammunition for its pre-existing weapon, the Carl Gustaf Recoilless Rifle. Carl Gustaf is part of a lineage of recoilless rifles that feature hollow tubing for substantial explosives, complete with helical grooves in the barrel to enhance the accuracy of the shots fired.

What Are the Main 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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Which Top Companies are Driving Growth in the Shoulder Fired Weapons Market?
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

Which Regions Will Dominate the Shoulder Fired Weapons Market Through 2029?
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.

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