Shoulder Fixed weapons are portable & self-propelled missiles, typically lightweight, compact, easy to carry, and small enough to destroy aircraft, vessels, & tanks at a short range. They include ATGMs (Anti-tank Guided Missiles), MANPADS (Man Portable Air Defense Systems), rocket-propelled grenades, and anti-vessel launchers.
Market Insights & Analysis: Global Shoulder Fixed Weapons Market (2023-28)
The Global Shoulder Fixed Weapons Market is anticipated to grow at a CAGR of around 5.87% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the ever-increased internal & international military conflicts worldwide and the massive military expenditure by various countries, i.e., leading to new procurements and the upgradation of existing defense technologies. Besides, the mounting prevalence of urban warfare & asymmetric threats is also instigating the use of Shoulder Fixed weapons that can be deployed in confined spaces and provide infantry forces with effective firepower & engagement capabilities.
In order to counter the rapidly rising terror activities, several countries like India, China, the US, and Russia are extensively using various types & varieties of Shoulder Fixed missiles, guns, & grenades, which offer precise target hitting in small combat missions, military exercise, & anti-terror missions. In addition, many countries are also carrying out collaborations & partnerships in defense research, development, & procurement to facilitate technology sharing, cost-sharing, & joint production.
|Study Period||Historical Data: 2018-21|
|Base Year: 2022|
|Forecast Period: 2023-28|
|Regions Covered||North America: US, Canada, Mexico|
|Europe: Germany, The UK, France, Russia, Spain, Italy, Rest of Europe|
|Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific|
|South America: Brazil, Argentina, Rest of South America|
|Middle East & Africa: The UAE, Turkey , Israel, Saudi Arabia, South Africa, Rest of Middle East & Africa|
|Key Companies Profiled||Saab AB, Lockheed Martin Corporation, Thales Group, Bazalt, JSC RPC KBM, Raytheon Technologies Corporation, Rafael Advanced Defense Systems Ltd., L&T MBDA Missile Systems Ltd., Roketsan A.S, Denel SOC Ltd., Northrop Grumman Corporation, KBP Instrument Design Bureau, Bharat Dynamics Ltd.|
|Unit Denominations||USD Million/Billion|
Technological advancements have significantly improved the accuracy, efficiency, & precision capabilities of Shoulder Fixed weapons. Amongst the recent trends is the growing adoption of laser-guided MANPADS, which are integrated with the beam-riding guidance system and equipped with an advanced sensor at the tail of the missile that correctly detects the emission from the launcher laser and keeps the rocket in the middle of the laser beam. In addition, several law enforcement agencies like SWAT teams, special forces, and border security units are also increasingly procuring such advanced weapons and, consequently, spurring growth in the Global Shoulder Fixed Weapons Market.
Global Shoulder Fixed Weapons Market Key Drivers:
Rising Need for Advanced Military Weapons with the Evolving Nature of Modern Warfare - Worldwide, with the rapidly rising security threats like terrorism, insurgency, territorial disputes, regional tensions, and evolving alliances, among others, many countries are making defense modernization efforts toward enhancing their military capabilities and upgrading their infantry forces in order to maintain a strong defense posture. As a result, there's an ever-rising demand for modern & technologically advanced weapons, including advanced Shoulder Fixed weapons, particularly ATGMs (Anti-tank Guided Missiles), to counter these armored threats, which, in turn, is driving the Global Shoulder Fixed Weapons Market.
Global Shoulder Fixed Weapons Market Possible Restraint:
Stringent Export Control Regulations and Arms Trade Restrictions - Exporting shoulder fixed weapons often requires obtaining licenses from the exporting country's authorities, which involve rigorous scrutiny of the destination, end-user, & potential risks associated with the transfer of such weapons, and it is a lengthy & complex process that results in delays & hurdles for manufacturers & suppliers.
In addition, several countries or international bodies impose arms trade restrictions on certain regions or specific entities to prevent the proliferation of weapons, mitigate the risk of misuse or diversion, and ensure adherence to human rights & international security standards, which can significantly restrict the export or import of shoulder fixed weapons, particularly in regions affected by conflicts, political instability, or human rights concerns. Hence, these aspects are the major growth restraints for the Global Shoulder Fixed Weapons Market.
Global Shoulder Fixed Weapons Market (2023-28): Segmentation Analysis
Global Shoulder Fixed Weapons Market report by Markntel Advisors includes segmentation analysis based on Weapon System, and Component. This breakdown allows businesses to identify specific market segments and tailor their marketing and product strategies accordingly, maximizing their chances of success in the Global Shoulder Fixed Weapons Market.
Based on Weapon System:
Among them all, ATGMs (Anti-tank Guided Missiles) hold a significant share of the Global Shoulder Fixed Weapons Market. It owes to the ever-increasing armored threats across several countries, advancements in armor technology, and various ongoing urban & asymmetric warfare scenarios worldwide. ATGMs are specially designed to engage & destroy armored vehicles like tanks & other heavily armored targets and are equipped with advanced guidance systems, high penetration capabilities, & warheads, which are optimized for armor defeat.
Their ability to effectively neutralize armored threats makes them a critical component of modern warfare. In addition, they offer long-range capabilities, which allow operators to engage targets at distances beyond the reach of conventional direct-fire weapons. This stand-off capability enhances the survivability & effectiveness of infantry forces by reducing their exposure to enemy fire. As governments of different countries are increasingly focusing on stand-off engagement, the demand for ATGMs is significantly rising.
Moreover, the growing need for effective anti-armor capabilities in view of the ever-evolving threats, coupled with the mounting importance of counter-insurgency operations, are also augmenting the demand for technologically advanced ATGMs with improved penetration capabilities and advanced warhead designs and, consequently, propelling the growth of the Shoulder Fixed weapons market.
Based on Component:
Here, ammunition, which includes bullets, shells, or rockets, used in shoulder-fired weapons like firearms, rocket launchers, & missiles, holds a prominent market share. The ongoing demand for these components owes to the constant need for the effective operation of shoulder weapons, regular training, military operations, and the replenishment of stockpiles.
Ammunition has diverse applications, including infantry operations, defense against armored vehicles, anti-aircraft operations, and specialized missions. Hence, the versatility & adaptability of ammunition makes it a crucial component for different defense & security requirements.
Over the years, technological advancements have led to the emergence of upgraded & specialized ammunition with improved ballistics, advanced propellants, & precision-guided projectiles. Growing requirements for anti-tank missiles in various countries for small combat operations, peacekeeping missions, & law enforcement operations are also amplifying the demand for ammunition and, in turn, stimulating the growth of the Global Shoulder Fixed Weapons Market.
Global Shoulder Fixed Weapons Market Regional Projection
Of all regions globally, North America holds a dominant share of the Shoulder Fixed Weapons Market. It owes to its robust military sector, high defense expenditure, and the presence of top defense contractors operating in the US & Canada. Several companies are investing heavily in procuring advanced weapons like firearms, rocket launchers, and anti-tank weapons with improved accuracy, range, mobility, & ergonomics, among other key performance factors.
Besides, many countries continually strive to modernize their armed forces, including their infantry & special forces units, and upgrading Shoulder Fixed weapons is an integral part of these efforts. By incorporating state-of-the-art technologies & advanced features, manufacturers are providing cutting-edge solutions to cater to the evolving needs of military forces.
Moreover, with a strong presence in the international arms trade, defense companies actively pursue export opportunities for Shoulder Fixed weapons and supply them to allied nations & other countries seeking advanced military equipment. The reputation, reliability, & effectiveness of Shoulder Fixed weapons being supplied, especially by the US, also contribute to the regional market growth.
Furthermore, the presence of a significant number of defense contractors, research & development facilities, and production capabilities, as well as the availability of hefty funding & resources that supports research, innovation, & the production of cutting-edge shoulder fixed weapons, are other prominent aspects projected to boost the North America Shoulder Fixed Weapons Market over the coming years.
Global Shoulder Fixed Weapons Industry Recent Developments
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Frequently Asked Questions
A. The Shoulder Fixed Weapons Market is forecast to grow at a CAGR of around 5.87% during 2023-28.
A. The growing need for advanced military weapons with the evolving nature of modern warfare is the key factor expected to drive the Shoulder Fixed Weapons Market during 2023-28.
A. Saab AB, Lockheed Martin Corporation, Thales Group, Bazalt, JSC RPC KBM, Raytheon Technologies Corporation, Rafael Advanced Defense Systems Ltd., L&T MBDA Missile Systems Ltd., Roketsan A.S., Denel SOC Ltd., Northrop Grumman Corporation, KBP Instrument Design Bureau, and Bharat Dynamics Ltd. are the key players operating in the Shoulder Fixed Weapons Market.
A. Stringent export control regulations and arms trade restrictions might hamper the growth of the Shoulder Fixed Weapons Market through 2028.
A. Ammunition would create lucrative prospects for the leading participants in the Shoulder Fixed Weapons Market through 2028.
A. North America would continue providing profitable opportunities to the Shoulder Fixed Weapons Market over the forecast years.
Global Shoulder-Fixed Weapons Market Research Report (2023-2028) - Table of Contents