Market Research Report

Global Shoulder Fixed Weapons Market Research Report: Forecast (2023-2028)

By Weapon Systems (Man Portable Air Defense Systems [MANPADS], Anti-tank Guided Missiles [ATGM], Rocket-Propelled Grenade Launcher & Others), By Range (Short-range [Up to 2 Km], Me...dium-range [2.1 to 5 Km], Long-range [Above 5 Km]), By Component (Launcher, Ammunition), By Technology (Guided, Un-guided), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (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.) Read more

  • Aerospace & Defense
  • Jun 2023
  • 187
  • AD55013

Market Definition

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.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 5.87%
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 Research Report: Forecast (2023-2028)

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:

  • Man Portable Air Defense Systems (MANPADS)
  • Anti-tank Guided Missiles (ATGMs)
  • Rocket-Propelled Grenade Launchers

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:

  • Ammunition
  • Launcher

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

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

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

  • On 4 May 2023, The US Army awarded the JJV (Javelin Joint Venture, a partnership between Raytheon Missiles & Defense and Lockheed Martin) an IDIQ (Indefinite-Delivery, Indefinite-Quantity) production contract with a total ceiling of $7.2 billion for fiscal years 2023 to 2026 for the Javelin weapon system and associated equipment & services.
  • On 10 April 2023, the IMoD (Israel Ministry of Defense) and the Hellenic Ministry of National Defence (Greece) signed a defense exports agreement to acquire 'Spike' missiles of the Rafael Advanced Defense Systems Ltd., i.e., valued at approximately $403 million.
  • On 24 February 2023, Saab AB signed a framework agreement with a Government of a Western country and received orders for Carl-Gustaf® multi-purpose shoulder-launched weapon, the RBS 70 NG short-range air defense system, and the Giraffe 1X radar, with the order value of approximately $767.54 million and deliveries planned between 2023–26.

Gain a Competitive Edge with Our Global Shoulder Fixed Weapons Market Report

  1. Global Shoulder Fixed Weapons Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
  2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
  3. Global Shoulder Fixed Weapons Market report aids in assessing and mitigating risks associated with entering or operating in the market.
  4. The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.

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

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Shoulder-Fixed Weapon Market Trends & Insights
  5. Global Shoulder-Fixed Weapon Market Dynamics
    1. Growth Drivers
    2. Challenges
  6. Global Shoulder-Fixed Weapon Market Hotspot & Opportunities
  7. Global Shoulder-Fixed Weapon Market Policies & Regulations
  8. Global Shoulder-Fixed Weapon Market Patents Landscape
  9. How Russia Ukraine Military Conflict Changed the Business Dynamics for Shoulder-Fixed Weapon Market
  10. Global Shoulder-Fixed Weapon Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Weapon Systems
        1. Man Portable Air Defense Systems (MANPADS)
        2. Anti-tank Guided Missiles (ATGM)
        3. Rocket Propelled Grenade Launcher & Others
      2. By Range
        1. Short-range (Up to 2 Km)
        2. Medium-range (2.1 to 5 Km)
        3. Long-range (Above 5 Km)
      3. By Component
        1. Launcher
        2. Ammunition
      4. By Technology
        1. Guided
        2. Un-guided
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      6. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
  11. North America Shoulder-Fixed Weapon Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Weapon Systems
      2. By Range
      3. By Component
      4. By Technology
      5. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    4. Canada Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    5. Mexico Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
  12. South America Shoulder-Fixed Weapon Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Weapon Systems
      2. By Range
      3. By Component
      4. By Technology
      5. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    4. Argentina Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
  13. Europe Shoulder-Fixed Weapon Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Range
      2. By Component
      3. By Technology
      4. By Country
        1. The UK
        2. Germany
        3. France
        4. Russia
        5. Spain
        6. Italy
        7. Rest of Europe
    3. The UK Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    4. Germany Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    5. France Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    6. Russia Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    7. Spain Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    8. Italy Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
  14. The Middle East & Africa Shoulder-Fixed Weapon Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Weapon Systems
      2. By Range
      3. By Component
      4. By Technology
      5. By Country
        1. The UAE
        2. Turkey
        3. Israel
        4. Saudi Arabia
        5. South Africa
        6. Rest of Middle East & Africa
    3. The UAE Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    4. Turkey Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    5. Israel Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    6. Saudi Arabia Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    7. South Africa Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
  15. Asia-Pacific Shoulder-Fixed Weapon Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Weapon Systems
      2. By Range
      3. By Component
      4. By Technology
      5. By Country
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Australia
        6. Rest of Asia Pacific
    3. China Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    4. Japan Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    5. South Korea Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
    6. India Shoulder-Fixed Weapon Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Range
        2. By Component
        3. By Technology
  16. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Business Restructuring- Mergers, Acquisitions, JVs
      5. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Saab AB
      2. Lockheed Martin Corporation
      3. Thales Group
      4. Bazalt
      5. JSC RPC KBM
      6. Raytheon Technologies Corporation
      7. Rafael Advanced Defense Systems Ltd.
      8. L&T MBDA Missile Systems Ltd.
      9. Roketsan A.S
      10. Denel SOC Ltd.
      11. Northrop Grumman Corporation
      12. KBP Instrument Design Bureau
      13. Bharat Dynamics Ltd.
  17. Disclaimer


Shoulder-Fixed Weapons Market - Segmentation Slide