Shoulder fired weapons Market Size, Share, Growth, and Industry Analysis, By Type (Guided and Unguided), By Application (Short range, Medium range, Extended range) and Regional Forecast to 2033

SHOULDER FIRED WEAPONS MARKET REPORT OVERVIEW

Shoulder Fired Weapons Market was valued at USD 7.17 billion in 2024 and is expected to reach USD 7.72 billion in 2025, growing to USD 13.99 billion by 2033, with a CAGR of 7.71% during the forecast period.

Small enough to destroy airplanes, warships, and tanks at a short range, shoulder-fired weapons are self-propelled projectile-fired missiles. Among them are anti-tank weaponry, anti-aircraft, man-portable anti-defence systems, rocket-propelled grenades, and anti-vessel launcher. The need for sophisticated weaponry to improve defense capacity would help the industry in the next few years. For combating terrorism, developing nations like India, China, the United States, and Russia are extensively deploying several kinds and variants of shoulder-fixed missiles, guns, and grenades. In minor combat operations, military drills, and anti-terrorism operations, these weapons provide a perfect target striking. These features of shoulder-fired guns will help to increase market expansion in the next few years. In 2019 the Indian Defense Acquisition Council and MoD accepted over 5000 Milan anti-tank guided missiles from a French missile company. The agreement is expected to cost more than USD 167 million to produce and equip the newest missile batch. Designed for destruction of armored targets, the Milan ATGM is a highly explosive anti-tank weapon warhead. Over the forecast period, these elements are expected to drive market expansion.

COVID-19 Impact

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

For numerous reasons, the COVID-19 epidemic negatively affected the shoulder fired weapon business. Lack of clarity in the market has had an impact on defense-related contracts, which has delayed corporate contracts for shoulder-fixed weapons. Extreme economic pressure on different nations is probably going to affect future commercial contracts involving the gun, missile, and ammunition sector.

LATEST TRENDS

Adoption of Laser-guided Target Locking Systems to Drive Market Growth

Modern technologies have raised guns' accuracy, efficiency, and precise capacity. For instance, combined with the beam-riding guidance system, laser-guided MANPADs have an improved sensor at the tail of the missile. It maintains the rocket in the center of the laser beam by appropriately identifying the emission from the launcher laser. Modern missiles are developed by private participants in missile technologies. By the operator, the missiles may attack aircraft from all directions, constantly watching the target across the joystick to maintain its on the aim point. Joint partnership between Raytheon and Lockheed Martin produced Javelin, a shoulder-fixed anti-tank weapon in May 2020. For a tiny target, this weapon is regarded as the most deadly one. To boost the combat capability of its paramilitary forces, including the Territorial Defense Force (TDF), Poland finished the negotiations with the United States buying 180 javelin missiles and 60 launchers. The joint company also presented FGM-148F, a fire-and-forget anti-tank missile with a multifunctional warhead. The new F-model aggregates outstanding characteristics like blast fragmentation. The enhanced warhead can destroy weakly armored targets, unarmored targets, explosive-reactive armor, and During the projection period, this important development should drive demand for shoulder fired weapons.

SHOULDER FIRED WEAPONS MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Guided and Unguided

• Guided: Modern targeting and guiding technology in these systems enable exact hits on hostile targets. Military forces choose guided shoulder-fired weapons more and more.

• Unguided: These weapons depend on the operator's expertise and ability for aiming. They are less precise even if they are usually less costly and easier to operate than guided systems.

By Application

Based on application the global market can be categorized into Short range, Medium range, Extended range

• Short range: Usually in close- quarters fighting and urban warfare, they are utilized when engagement distances are restricted. For infantry formations working in limited areas, short-range shoulder-fired weapons are perfect since they are fast deployable and fast firing.

• Medium range: These multifarious weaponry may be used in many different battle situations. They fit both offensive and defensive operations as they strike a mix of range and firepower.

• Extended range: These are meant to engage targets at great distances—that of enemy vehicles, aircraft, or fortifications. Advanced navigation systems and high-explosive warheads equip extended-range shoulder-fired weapons with a strong and exact striking capability.

DRIVING FACTORS

Adoption of highly Advanced Anti-Aircraft Missiles systems to Boost the Market

One of the main driving factors in the shoulder fired weapons market is the adoption of highly advanced anti-aircraft missiles systems. Due to improved explosive variations accessible internationally, the defense sector has seen significant technical innovation recently. Private businesses have created versatile weapons with a broad spectrum of explosives capable of destroying armored vehicles, trucks, concentration of enemy forces, antenna sites, and other targets.

For minor combat operations, major economies such as the United States, China, Germany, India, the UK, and France have a broad spectrum of man-portable anti-tank missile weapons. The whole military sector has benefited from sophisticated autonomous technology as tiny projectile weapons with great fighting capability have improved their general lethality.

Increasing per capita spending on the military to Expand the Market

The rise in military per capita expenditure is one of the major main causes influencing the market for shoulder fired weapons. Rising terrorism globally is expected to drive demand for shoulder-fixed weapons throughout the predicted period. The counter operations against terrorists are maybe under control using short and medium ranges of weapons. For this reason, during combat operations throughout the last several years, different military and paramilitary groups have been using light-guided weapons. Key benefits mostly driving the shoulder-fixed weapon system market expansion include lightweight, portable, and extended range.

RESTRAINING FACTORS

Restrictions on sales and technology to Potentially Impede Market Growth

The restrictions on sales and technology are one of the restricting elements in the worldwide shoulder fired weapon business. Designed precisely, weapon technologies are a spectrum of items with superior missile-guided systems and communication to eliminate a target on different ranges. The missile defense system of long-range missiles reduces their efficacy in striking armored vehicles. The intricate manufacturing technique of shoulder-fired guns raises design issues. The prospective danger of illicit users like terrorists and rebels causes great difficulties for the company. The sales, procurement, import, and export of the military systems are under control in many manufacturing nations. Restrain on sales and technological transfer shields civil targets, law enforcement, and government from damage. Future market development is expected to be hampered by the strong limits on technology transfer and other important aspects.

OPPORTUNITIES

Technological Advancements

Recent developments have enhanced the effectiveness and portability of shoulder-fired weapons, making them more appealing to military forces seeking versatile defense solutions.

Increased Defense Expenditures

Many nations are augmenting their defense budgets to modernize armed forces and address emerging security threats. This escalation in defense spending often includes the procurement of advanced shoulder-fired weapon systems, thereby expanding the market for these arms.

CHALLENGES

Risk of Proliferation to Non-State Actors

The portability and effectiveness of shoulder-fired weapons make them attractive to non-state actors and terrorist organizations. There have been instances where such weapons, including MANPADS, have been acquired illicitly, posing significant threats to civilian and military aviation.

Stringent International Regulations

To prevent misuse and proliferation, international bodies have implemented rigorous controls over the transfer and export of shoulder-fired weapons. These regulations can limit market growth and impose compliance challenges for manufacturers and exporters.

SHOULDER FIRED WEAPONS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

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North America Region Dominating the Market due to presence of major weapon manufacturers

North America has emerged as the most dominant region in the global shoulder fired weapons market share due to several factors. The United States, the biggest buyer and manufacturer of shoulder-fired guns, dominates the North American market. The major manufacturers of weapons are from the North America region. These manufacturers are the biggest exporter of the weapons globally. Significant expenditures on improved shoulder-fired weapons have come from the U.S. military's emphasis on updating its infantry and special forces divisions. Leading military contractors and significant R&D activity in the area help to boost market expansion as well.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market through Innovation and Market Expansion

The shoulder fired weapon market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of weapons. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in shoulder fired weapons, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

Top List of Market Players Profiled

• Raytheon: (U.S.)
• GenCorp: (U.S.)
• Nammo AS: (Norway)
• Thales Group: (France)
• Northrop Grumman: (U.S.)
• Rafael Advanced Defense Systems: (Israel)
• Saab: (Sweden)
• Bharat Dynamics: (India)
• Lockheed Martin: (U.S.)
• General Dynamics: (U.S.)
• ATK Defense Group: (U.S.)
• MBDA: (France)

INDUSTRIAL DEVELOPMENT

July 2020: The Indian Army is set to purchase the emergency procurement of Rafael Advanced Defense Systems' Spike missile system. The emergency order will include around 12 launchers and 200 anti-tank guided missiles. This move is to counter tension on the Line of Actual Control with China.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.