Shoulder Fired Weapons Market Size, Share, Industry Trends and Forecast to 2033
This report covers the Shoulder Fired Weapons market with insights into market dynamics, size, trends, and forecasts from 2023 to 2033. It provides an in-depth analysis of regional performances, product segmentation, and leading global market players in the industry.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $3.80 Billion |
| CAGR (2023-2033) | 4.7% |
| 2033 Market Size | $6.07 Billion |
| Top Companies | Lockheed Martin, Raytheon Technologies, Rheinmetall AG, Thales Group |
| Last Modified Date | 15 Nov 2024 |
Shoulder Fired Weapons Market Report (2023 - 2033)
Shoulder Fired Weapons Market Overview
What is the Market Size & CAGR of Shoulder Fired Weapons market in 2023?
Shoulder Fired Weapons Industry Analysis
Shoulder Fired Weapons Market Segmentation and Scope
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Shoulder Fired Weapons Market Analysis Report by Region
Europe Shoulder Fired Weapons Market Report:
The European market for Shoulder Fired Weapons is witnessing steady growth, moving from $1.24 billion in 2023 to approximately $1.99 billion by 2033. Factors such as recent geopolitical shifts and the focus on modernization of armed forces contribute to the increasing demand for portable weapon systems in the region.Asia Pacific Shoulder Fired Weapons Market Report:
The Asia-Pacific market for Shoulder Fired Weapons is growing rapidly, projected to increase from $0.66 billion in 2023 to $1.06 billion by 2033. The rise in defense budgets among countries such as India and China, coupled with regional conflicts, is driving this trend. The demand for advanced weaponry and tactical solutions remains high as nations strengthen their military capabilities.North America Shoulder Fired Weapons Market Report:
North America is one of the largest regions for Shoulder Fired Weapons, with the market valued at $1.33 billion in 2023 and expected to reach $2.12 billion by 2033. The United States dominates the market due to its high military expenditure and ongoing development of advanced weapon systems for its armed forces.South America Shoulder Fired Weapons Market Report:
In South America, the Shoulder Fired Weapons market is expected to expand from $0.32 billion in 2023 to $0.52 billion by 2033. This growth is attributed to increasing security concerns, drug-related violence, and governmental efforts to strengthen law enforcement agencies tasked with maintaining public safety.Middle East & Africa Shoulder Fired Weapons Market Report:
The Middle East and Africa region is projected to experience growth from $0.24 billion in 2023 to $0.39 billion by 2033. Political instability and terrorism threats are driving demand for effective counter-terrorism solutions, including various shoulder-fired weapon systems.Request a custom research report for industry.
Shoulder Fired Weapons Market Analysis By Product
Global Shoulder-Fired Weapons Market, By Product Type Market Analysis (2023 - 2033)
The product type segment reflects that missiles and rockets dominate the market, accounting for a sizeable share of revenues. Missiles are anticipated to maintain significant growth due to advancements in guidance systems and increased military funding. Grenades and small arms, while lower in overall value, are also crucial products in the industry as they are commonly used in frontline operations.
Shoulder Fired Weapons Market Analysis By Caliber
Global Shoulder-Fired Weapons Market, By Caliber Market Analysis (2023 - 2033)
The market segmentation by caliber indicates that small caliber weapons represent the majority share at 62.25% in 2023, growing to the same percentage share by 2033, with an increase in market size from $2.37 billion to $3.78 billion. Medium and large caliber products, while smaller in share, also show promising growth with projected market sizes of $1.24 billion and $1.06 billion respectively by 2033.
Shoulder Fired Weapons Market Analysis By Application
Global Shoulder-Fired Weapons Market, By Application Market Analysis (2023 - 2033)
Military applications dominate the market, constituting 62.25% by size in 2023, directly influenced by escalating defense budgets and modernization endeavors across the globe. Law enforcement and civilian market segments are emerging steadily as public safety concerns rise, each with expected growth percentages of 20.37%.
Shoulder Fired Weapons Market Analysis By Launcher Type
Global Shoulder-Fired Weapons Market, By Launcher Type Market Analysis (2023 - 2033)
The Shoulder Fired Weapons market, segmented by launcher type, shows that manual launchers currently hold the majority market share at 62.25% in 2023. However, guided and smart launchers are expected to gain traction as technology progresses, catering to the growing demand for accuracy and ease-of-use in various applications.
Shoulder Fired Weapons Market Analysis By User Type
Global Shoulder-Fired Weapons Market, By User Type Market Analysis (2023 - 2033)
Military forces comprise the primary user type segment, constituting 62.25% of the market share in 2023, with substantial growth expected due to ongoing conflicts and increased military engagements. Paramilitary forces and civilians are also contributing significantly to market dynamics, each representing 20.37% and 17.38% market shares respectively.
Shoulder Fired Weapons Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Shoulder Fired Weapons Industry
Lockheed Martin:
A leading global aerospace and defense company, Lockheed Martin specializes in the production of advanced military weapon systems, including shoulder-fired weapons that utilize cutting-edge technology.Raytheon Technologies:
Raytheon is at the forefront of defense and aerospace technologies, offering innovative shoulder-fired missile systems designed for precision and effectiveness in various combat scenarios.Rheinmetall AG:
Rheinmetall is a significant player in defense markets, known for its comprehensive range of military products, including shoulder-fired systems that contribute to effective military operations.Thales Group:
Thales is a global technology leader, providing advanced systems for defense and aerospace applications, including state-of-the-art shoulder-fired weapons.We're grateful to work with incredible clients.
