Global Shoulder Fired Weapons Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Shoulder fired weapons Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global shoulder fired weapons market report has been segmented on the basis of component, technology, range, and region.
Global Shoulder Fired Weapons Market: Overview
Shoulder fired weapons also known as man-portable weapons are comparatively small weapons that weigh enough to carry by a single individual. It is held on the shoulder before shooting the target. They release self-propelled projectile fired at a certain target. Shoulder fired weapons are used two target types namely for air targets and ground targets. There are various types of shoulder-fired weapons in the market and are differentiated on the basis of a range of combat and size of the weapon. Shoulder fired weapons includes rocket-propelled grenades, bazookas, anti-tank missiles, recoilless rifles, etc.
Global Shoulder Fired Weapons Market: Dynamics
Increasing demand for lightweight guided weapons in the defense sector is a key factor driving growth of the global shoulder fired weapons market. In addition, increasing the defense budget in developing countries is another factor supporting growth of the global market. Shoulder fired weapons designed for easy to use and handle by an individual. They are highly durable, robust and reliable. These are also some of the factors is a factor propelling growth of the target market. Furthermore, increasing investment for indigenization of man-portable weapons and the development of advanced weaponry systems are factors expected to fuel growth of the global shoulder fired weapons market in the near future.
However, shoulder fired weapons are causing traumatic brain injuries to the handler is a factor that could hamper growth of the global shoulder fired weapons market. In addition, regulations on sales of shoulder fired weapons and its technology among various countries is a factor that could affect growth of the global market. Nevertheless, increasing adoption of technologically advanced shoulder fired weapons can create high revenue opportunities for players in the target market.
Global Shoulder Fired Weapons Market: Segment Analysis
Among the component segments, the launcher segment is expected to register high growth in terms of revenue in the near future. Shoulder fired launchers have high accuracy and range. Rising demand for the launcher, owing to increasing its use for a precision strike on the enemy platform and various close combat scenarios is a factor supporting growth of this segment in the global market.
Among the technology segments, the guided segment is dominating the global market in terms of revenue and is expected to register lucrative growth over the forecast period. Increasing use of advanced guidance systems is a factor supporting growth of this segment in the target market.
Global Shoulder Fired Weapons Market: Regional Analysis
The market in North America expected to accounts for major share in terms of revenue over the forecast period. High defense budget and increasing adoption of advanced technology are factors fueling growth of the target market in this region. The market in the Asia Pacific is anticipated to register high growth in terms of revenue in the near future, owing to increasing investment in R&D for indigenization especially in China and India in this region is a factor expected to support growth of the target market.
Global Shoulder Fired Weapons Market Segmentation:
Segmentation by Component:
- Rocket Propelled Grenade
- Missile/Rocket Launcher
- Rocket Propelled Grenade Launcher
Segmentation by technology:
Segmentation by range:
- Medium Range
- Extended Range
- Short Range
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Raytheon Company
- Saab AB
- Rafael Advanced Defense Systems Ltd.
- Lockheed Martin Corporation
- Thales Group
- Nammo AS
- MBDA Holdings SAS
- JSC KBP Instrument Design Bureau
- Denel SOC Ltd.
- China North Industries Group Corporation Limited
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