USD 6.9 billion
Global Shoulder Fired Weapons Market Size, Share, Growth Analysis, By Technology(Guided and Unguided), By Component(Ammunition and Launcher), By Application(Passenger to freighter, Commercial cabin refurbishing and VP cabin refurbishing), By Fitting type(Passenger seats, LED lighting) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2232 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
112 |
Figures:
68
Global Shoulder Fired Weapons Market Insights
Global Shoulder Fired Weapons Market size was valued at USD 6.9 billion in 2022 and is poised to grow from USD 7.21 billion in 2023 to USD 9.81 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).
The expansion of the shoulder-fired weapons industry is significantly driven by the surge in military expenditures observed in both established and emerging nations. Globally, there is an increasing demand for lightweight guided weapons, coupled with the widespread adoption of man-portable anti-tank systems (MANPATS) and man-portable air defense systems (MANPADS). These systems provide military forces with a distinct advantage by allowing them to engage targets without being overly concerned about strike accuracy or the weight of the weapon.
The industry is further propelled by the escalating use of advanced armored machinery in conflicts, necessitating the deployment of sophisticated shoulder-fired weapons. Additionally, the preference for global shoulder-fired weapons over conventional arms is on the rise, driven by their cost-effectiveness. This confluence of factors underscores the pivotal role of the shoulder-fired weapons market in addressing the evolving needs and challenges of modern warfare scenarios.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Unguided
Growth Rate
4.5% CAGR
Global Shoulder Fired Weapons Market ($ Bn)
Country Share for North America Region (%)
Global Shoulder Fired Weapons Market By Technology (%)
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Global Shoulder Fired Weapons Market Segmental Analysis
The shoulder fired weapons market has been analyzed and segmented on the basis of technology into guided and unguided. Based on component, the shoulder fired weapons market is segmented into ammunition and launcher. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Analysis by Technology
In the shoulder-fired weapons market, the guided segment asserts dominance based on technology, with projections indicating the highest Compound Annual Growth Rate (CAGR) during the forecast period. This prevalence is primarily attributed to ongoing upgrade and modernization programs within military arsenals, which prioritize the adoption of advanced weaponry. The procurement of new fire-and-forget missiles, coupled with the integration of sophisticated guidance systems, significantly contributes to the growth of the guided segment.
The unguided segment in the shoulder-fired weapons market plays a distinct and valuable role, offering a category of weapons that do not rely on advanced guidance systems. While guided weapons are known for their precision and accuracy, unguided shoulder-fired weapons provide an alternative with their simplicity and cost-effectiveness. These weapons, often in the form of rockets or grenades, are designed for scenarios where intricate guidance may not be necessary or cost-efficient. The unguided segment caters to specific operational needs, providing a straightforward and reliable solution for engagements where precision targeting is not a primary requirement. Their versatility makes them suitable for various combat situations, especially in environments where rapid deployment and firepower are critical.
Analysis by Component
In the shoulder-fired weapons market, the ammunition segment took center stage and is anticipated to maintain its dominance through 2022. Notably, developing countries like China and India have been channeling increased investments into man-portable weapon systems. The appeal of shoulder-fired weapons lies in their ability to significantly enhance military land warfare capabilities at a relatively low cost compared to other weapon systems. These nations are strategically allocating resources to advance technologies, with a particular emphasis on the manufacturing of a diverse array of offensive fighting vehicles.
The launcher segment plays a crucial role in the shoulder-fired weapons market as it serves as the pivotal mechanism for deploying and delivering these advanced weaponry systems. Launchers form the backbone of shoulder-fired weapons, providing the platform for launching projectiles with precision and accuracy. They are designed to accommodate various types of ammunition, including guided missiles and anti-tank rockets, making them versatile and adaptable to diverse combat scenarios. The effectiveness of the entire shoulder-fired weapon system heavily relies on the performance and capabilities of the launcher segment.
Global Shoulder Fired Weapons Market By Technology , 2022 (%)
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Global Shoulder Fired Weapons Market Regional Insights
North America is currently witnessing significant growth attributed to the increasing emphasis on research and development activities aimed at developing innovative technology-based designs for portable warfare systems. Technological advancements within the warfare platform are serving as a catalyst for the expansion of the North American shoulder-fired weapon market. The adoption of cutting-edge man-portable anti-tank weapons and man-portable air defense systems is providing a distinct advantage to troops.
The Asia Pacific is marked by significant activity in the shoulder-fired weapons market, with several major importers including China, India, South Korea, and Pakistan. China and India, in particular, stand out as leading contributors to the market dynamics. Both countries have been witnessing substantial increases in their defense budgets, underscoring their commitment to strengthening military capabilities. As of 2021, China's military expenditure is estimated to be around USD 293 billion, reflecting a substantial investment in defense resources.
Global Shoulder Fired Weapons Market By Region, 2024-2031
- Largest
- Fastest
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Global Shoulder Fired Weapons Market Dynamics
Drivers
Rise in the Demand for MANPATS and MANPADS
- The deployment of man-portable anti-tank systems (MANPADS) and man-portable air defense systems (MANPADS) offers significant advantages to military forces, providing them with the capability to engage targets with enhanced flexibility and reduced concerns about strike accuracy and weapon weight. In the face of increasing utilization of sophisticated armored machinery in modern conflicts, many nations are prioritizing the integration and use of MANPADS and MANPADS to effectively counter these threats. Contemporary MANPADS systems are equipped with advanced features, including ultraviolet sensors for radiation detection, infrared sensors for heat detection, and smart control units. These technological enhancements not only improve the precision and efficiency of these portable systems but also contribute to their adaptability in diverse operational environments, thereby bolstering the defensive capabilities of military forces against airborne threats and armored vehicles.
Restraints
Regulatory and Export Controls
- Stringent international and national regulations play a pivotal role in governing the export, import, and usage of shoulder-fired weapons. These measures are implemented with the primary objective of preventing the proliferation of such weapons, mitigating the risk of them falling into the hands of unauthorized entities, and ensuring compliance with international arms control treaties. The imposition of export limitations can significantly impact manufacturers, restricting their market access and sales prospects. The international trade in shoulder-fired weapons is subject to various arms control treaties and agreements that are designed to regulate and monitor the transfer of conventional weapons.
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Global Shoulder Fired Weapons Market Competitive Landscape
The competitive environment of the global Shoulder Fired Weapons market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- Saab AB
- Lockheed Martin Corporation
- BAE Systems plc
- Raytheon Technologies Corporation
- General Dynamics Corporation
- MBDA
- Rafael Advanced Defense Systems Ltd
- Rheinmetall AG
- ROKETSAN
- Bharat Dynamics Limited
- AirTronic USA LLC
Recent Developments
- In May 2022, the United States government announced plans to provide substantial military support to Ukraine by supplying thousands of Stinger and Javelin shoulder-fired weapons. This strategic move aimed to enhance Ukraine's defensive capabilities, particularly in countering armored threats. The country, recognizing the significance of modern anti-tank weaponry, concurrently placed orders for Javelin anti-tank weapons in the same month. The production of these advanced weapons is a collaborative effort between Raytheon Missiles & Defense and Lockheed Martin, two leading defense contractors.
Global Shoulder Fired Weapons Key Market Trends
- The shoulder-fired weapons market in North America boasts the presence of numerous small and medium-sized vendors, with the industry currently undergoing notable merger and acquisition (M&A) activities. These strategic moves are instrumental in helping companies enhance their market share, expand their geographical presence, and diversify their product portfolios. A noteworthy example of this trend is the impending merger between Digital Solutions and Airtronics USA. Airtronics USA, specializing in electro-mechanical engineering design and manufacturing, features a product range that includes grenade launchers, RPG launchers, and rifles. The planned merger is expected to inject an additional US$550,000 into Airtronics USA, facilitating the completion of pending contracts and purchase orders. This consolidation highlights the dynamic nature of the market, where M&A activities serve as key drivers for growth and competitiveness among industry players.
Global Shoulder Fired Weapons Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Shoulder Fired Weapons marketplace analysis exhibits a dynamic marketplace with some of standout developments and problems. The market for portable anti-tank weapons has experienced significant growth in recent years, propelled by several key factors. One major contributor to this expansion is the escalating defense expenditures observed globally, with nations investing more in advanced weaponry to enhance their military capabilities. The growing necessity for portable anti-tank weapons, driven by evolving security threats and conflicts, has further fueled market growth. Additionally, there is a rising demand for lightweight guided weapons, as military forces seek more agile and versatile solutions for modern warfare scenarios. These market drivers collectively underscore the dynamic landscape of the defense industry, reflecting the increasing importance placed on portable, effective, and technologically advanced anti-tank weaponry to address evolving security challenges.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.9 billion |
| Market size value in 2031 | USD 9.81 billion |
| Growth Rate | 4.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Shoulder Fired Weapons Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Shoulder Fired Weapons Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Shoulder Fired Weapons Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Shoulder Fired Weapons Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Shoulder Fired Weapons Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Shoulder Fired Weapons Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Shoulder Fired Weapons Market Report Snapshots
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