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What Is the Expected CAGR for the Grenade Launchers Market Through 2025?
The market for grenade launchers has seen robust expansion in the preceding years. Predictions indicate that its growth, from a value of $1.73 billion in 2024, will reach $1.83 billion in 2025. This suggests a compound annual growth rate (CAGR) of 5.7%. This growth in the past can be accredited to the escalating use of grenade launchers by special operation forces and growing investment in modernizing soldiers. Additionally, the rise in the implementation of advanced sighting and fire-control systems, increased emphasis on urban warfare capabilities, and the mounting demand for non-lethal grenade launchers have contributed to this growth.

What's the Projected Size of the Global Grenade Launchers Market by 2029?
Expectations are high for the grenade launchers market size to surge significantly in the upcoming years. By 2029, the market is projected to inflate to $2.27 billion, with a compound annual growth rate (CAGR) of 5.5%. This growth within the forecast period can be due to several factors including the increased need for modern infantry weapons, escalating geopolitical matters and border disputes, a growing focus on asymmetric warfare, expanding defense budgets, and a heightened demand for lightweight and modular grenade launchers. The forecast period is poised to see a series of trends including improvements in fire control systems, integration of intelligent optics and laser rangefinders, creation of programmable airburst munitions, tech enhancements in recoil reduction mechanisms, and progress in lightweight materials.

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Top Growth Drivers in the Grenade Launchers Industry: What's Accelerating the Market?
The surge in defense budgets is forecasted to boost the expansion of the grenade launchers market. The term 'defense budgets' is used to refer to the total government expenditure dedicated for the upkeep of military personnel, equipment, operations, together with other allied defense undertakings for maintaining national security. Defense budgets are seeing a rise due to increasing geopolitical pressures, leading nations to upgrade their military prowess for strategic security and deterrence. The inflow of funds from the defense budgets aids the progression of grenade launcher technology, including advancements like precision guidance and modular designs. Such sophisticated features contribute to increasing the adaptability and destructive power on the battlefield, consequently providing mission success and tactical dominance. For instance, in April 2023, as per the Stockholm International Peace Research Institute (SIPRI), a research body based in Sweden, Russia's military expenditure saw an increase of 9.2%, touching nearly $86.4 billion in 2022, which constitutes 4.1% of the nation's GDP, an increase from 3.7% in 2021. Thus, the surge in defense budgets is propelling the expansion of the grenade launchers market. The escalating demand for high-tech weapon systems is stimulating market growth due to an increased requirement for precision and multi-functional firepower. High-tech weapon systems are state-of-the-art military tools designed to augment combat prowess via precision, automation, stealth, and unified technologies. With nations striving to maintain strategic military dominance and effectively counter increasingly advanced threats, the demand for these systems is on the rise. Grenade launchers complement these systems through their provision of multi-functional, high-impact firepower, precision, and adaptability for both infantry and vehicular operations across a variety of combat situations. For instance, in November 2023, as per the UK Defence and Security Exports, a UK government body, the UK managed to secure defense orders valued at $15.1 billion (£11.2 billion) in 2022, a growth of nearly 70% from the previous amount of $8.9 billion (£6.6 billion) in 2021. Therefore, the escalating demand for advanced weapon systems is stimulating the growth of the grenade launchers market.

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What Trends Will Shape the Grenade Launchers Market Through 2029 and Beyond?
Major corporations functioning within the grenade launchers market are concentrating on producing technologically superior products, like the 30mm semi-automatic grenade launcher, to enhance their operational efficiency, firepower, and precision. This high-caliber weapon mechanism deploys 30mm grenades in a semi-automatic manner, resulting in amplified firepower, precision, and quick subsequent shots suitable for modern warfare. For instance, Barrett Firearms Manufacturing, an American manufacturing firm, introduced a Squad Support Rifle System (SSRS) in October 2024. This system equips squads with accurate, swift firepower using 30mm grenades, facilitating quicker reloads, better agility, and effective engagement with targets hidden behind barriers or at far-off distances. With its accessible, rifle-like structure and sophisticated optics, it is easy to learn and versatile enough for different battle situations, substantially amplifying infantry effectiveness.

What Are the Main Segments in the Grenade Launchers Market?
The grenade launchers market covered in this report is segmented -

1) By Type Of Grenade Launcher: Single-Shot Launchers, Multi-Shot Launchers, Automatic Grenade Launchers, Portable Handheld Launchers, Vehicle-Mounted Launchers
2) By Operating Mechanism: Manual Operation, Semi-Automatic, Fully Automatic, Recoil Operation, Gas Operation
3) By Material: Metal, Composite Materials, Polymer, Alloy Combinations, Specialty Coatings For Enhanced Durability
4) By Application: Military Use, Law Enforcement, Security Operations, Civilian Or Recreational Use, Training And Exercises

Subsegments:
1) By Single-Shot Launchers: Under-Barrel Mounted Launchers, Standalone Launchers
2) By Multi-Shot Launchers: Revolving Cylinder Launchers, Box Magazine-Fed Launchers
3) By Automatic Grenade Launchers: Belt-Fed Systems, Magazine-Fed Systems
4) By Portable Handheld Launchers: Man-Portable Anti-Personnel Launchers, Lightweight Infantry Support Launchers
5) By Vehicle-Mounted Launchers: Remote Weapon Stations (RWS), Turret-Integrated Systems

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Which Top Companies are Driving Growth in the Grenade Launchers Market?
Major Companies operating in the grenade launchers market are Norinco Group, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems, Thales Group, Leonardo S.p.A., Rheinmetall AG, Saab AB, Moog Inc., Colt-CZ Group a.s., PT Pindad, FN Herstal, Heckler and Koch GmbH, Denel Land Systems, Indumil, Rosoboronexport State Corporation, MILKOR (Pty) Ltd, Knight's Armament Company, Arsenal JSCo, Brügger & Thomet AG, NERO Inc., Singapore Technologies Engineering Ltd, Zastava Arms.

Which Regions Will Dominate the Grenade Launchers Market Through 2029?
North America was the largest region in the grenade launchers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grenade launchers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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