Global Shoulder Fired Weapons Market Expansion at 10.5% CAGR, Valued at $13.14 Billion by 2029

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What Are the Shoulder Fired Weapons Market Size Forecast for 2025?
In recent times, the market size for shoulder fired weapons has seen a substantial increase. The market, which is set to increase from $7.91 billion in 2024 to $8.8 billion in 2025, is set to grow at a compound annual growth rate (CAGR) of 11.4%. This growth during the past period is due to factors such as modernization programs in the military, operations against terrorism and insurgency, geopolitics and regional tensions, requirements for infantry and special operations, as well as the needs for law enforcement and homeland security.

What Is the Market Size Outlook for Shoulder Fired Weapons Until 2029?
Expectations are high for the shoulder fired weapons market to experience substantial growth in the near future. By 2029, the market is predicted to have grown to be worth $13.14 billion, with a compound annual growth rate (CAGR) of 10.5%. This growth over the specified period can be tied back to factors such as the emergence of new security threats, the shifting military doctrine, factors pertaining to urban warfare, overdue hardware updates and replacements, along with worldwide defense collaborations. Moreover, the ongoing trends within this period will likely be technological developments in the seeker domain, the swift progression of counter-countermeasure systems, growing interest in capabilities beyond line-of-sight, an emphasis on multi-role capabilities, in addition to the integration of networking and communicative technologies.

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What Are the Major Factors Driving Demand in the Shoulder Fired Weapons Market?
The growth of the shoulder-fired weapons market is anticipated to be propelled by the escalating defense spending. To maintain their dominance and secure their status, nations are ramping up their defence outlays. Shoulder-fired weapons, utilised universally by armed forces for protection and safety, offers significant benefits to soldiers by allowing them to target without concerns over the accuracy of the strike or the weapon's weight. A case in point is data released in April 2024 by Stockholm International Peace Research Institute, a Sweden-based independent international institute, which revealed that total global military expenditure in 2023 had climbed to $2443 billion, showing a real-term increase of 6.8 per cent from 2022. Furthermore, Russia's military expenses surged by 24 per cent to an estimated $109 billion in 2023 compared to the previous year. As such, the upward trend in defence spending fosters the growth of the shoulder-fired weapons market.

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How Are End-Use Segments Shaping the Shoulder Fired Weapons Market Outlook?
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

What Are the Strategic Trends Transforming the Shoulder Fired Weapons Market Landscape?
A significant trend in the shoulder-fired weapons market is the advancement of recoilless artillery. These are direct-fire weaponry distinguished by their operational method whereby propellant gases or other forms of counter-mass like powder or liquid are expelled from the rear of the barrel. This offsets the recoil caused by the forward momentum of the projectile. The recoilless mechanism eliminates the need for heavy recoil-counteracting equipment typically found in cannons, thus permitting a thinner-walled barrel. This allows for the firing of relatively large projectiles from platforms that would otherwise be incapable of handling the weight or recoil of an equally-sized traditional cannon. In May 2022, the Swedish military announced plans to acquire a new type of ammunition for an existing weapon, the Carl Gustaf Recoilless Rifle, a part of a lineage of recoilless rifles characterized by large-caliber explosive hollow tubes and spiral grooves in the barrel, improving the precision of the fired rounds.

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Who Are the Prominent Companies in the Shoulder Fired Weapons Market by ?
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 Region Is Expected to See the Highest CAGR 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.

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