Latest News - Shoulder-Fired Weapons Market: Unguided is expected to lead the Technology segment during 2024-2028

The Shoulder-Fired Weapons Market is being driven by Demand for new generation anti-armor and anti-aircraft protection

The Shoulder-Fired Weapons Market is expected to grow at a CAGR of 10.03% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4379.5 million. In the context of shoulder-fired weapons, recoilless rifles represent a significant innovation, eliminating the need for heavy recoil-counteracting equipment through the expulsion of reaction gases with equal momentum to the projectile. This design feature enables the launch of larger projectiles from lighter platforms, enhancing military capabilities. Notable offerings in this category include the Carl-Gustaf recoilless rifle, a globally utilized 84-mm man-portable, reusable anti-tank weapon manufactured by Saab. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • Unguided
  • Guided
• Product
  • Ammunition
  • Launcher
• Geography
  • North America
    • US
  • APAC
    • China
    • India
  • Europe
    • France
    • Russia
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Demand for new generation anti-armor and anti-aircraft protection
• Counter-terrorism encouraging new procurement
• Design upgradation boosting market prospects

However, the market also witnesses some limitations, which are as follows:

• Evolving global crisis affecting market prospects
• Limited effectiveness due to technological constraints
• Arms trafficking hinders market potential

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Market Scope in Shoulder-Fired Weapons Market Research Report

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Research Analysis Overview

Shoulder-fired weapons, also known as Man-Portable Air-Defense Systems (MANPADS) and Man-Portable Anti-Tank Systems (MANPATS), have become a critical component of modern warfare scenarios. These lightweight, guided weapons offer military forces and paramilitary groups the ability to engage targets with precision and effectiveness. The Shoulder-Fired Weapons Market is driven by the increasing demand for advanced defense capabilities against conventional arms such as rocket-propelled grenades and antitank weapons. Technology advancements in guidance systems have led to the development of fire-and-forget missiles, which offer greater accuracy and reduced operational risks. LAMEA (Middle East, Africa, Latin America) countries are significant consumers of shoulder-fired weapons due to ongoing conflicts and the need to strengthen defense capabilities. Military expenditures in these regions have been on the rise, with healthcare infrastructure and GDP taking a back seat. Advanced armored vehicles and antidefense systems have led to the development of shoulder-fixed weapons such as antivessel launchers and multipurpose warhead systems. Technology advancements have also led to negative demand, with antiaircraft and antitank weapons being used against civilian targets in some conflict zones. Notable shoulder-fired weapons include the Javelin antitank missile system and various MANPADS such as the Stinger and the SA-7. These weapons have been used extensively in various conflicts and have proven to be effective in various scenarios. Overall, the shoulder-fired weapons market is expected to continue growing due to the increasing need for defense capabilities in various conflict zones.

Market Research Overview

The global aerospace and defense industry encompasses various sectors, including the production of commercial and general aviation platforms, defense platforms for naval, land, and air applications, arms and ammunition, defense electronics, defense logistics equipment, space platforms, and launch vehicles. Additionally, this market includes maintenance, repair, and overhaul (MRO) services for both commercial aviation and defense sectors. According to Technavio, the global capital goods market size is determined by the combined revenue generated by manufacturers and providers for industries such as aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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