Shoulder-Fired Weapons Market Report Share, Demand, Growth and Forecast 2024-2032
IMARC Group's report titled "Shoulder-Fired Weapons Market Report by Technology (Guided, Unguided), Range (Short, Medium, Long), Assembly Type (Projectile, Launcher), Application (Defense, Home Security, and Others), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global shoulder-fired weapons market report. The global market size reached US$ 6.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.12% during 2024-2032.
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Factors Affecting the Growth of the Shoulder-Fired Weapons Industry:
- Technological Advancements and Innovation:
Innovations in guidance systems, propulsion methods, and warhead designs are making shoulder-fired weapons more accurate, reliable, and deadly. Additionally, the development of fire-and-forget missile systems, which do not require further guidance after launch, is enhancing the effectiveness of shoulder-fired weapons by allowing operators to relocate immediately, minimizing exposure to enemy fire. Moreover, advancements in materials science are leading to lighter yet more durable weapons, increasing their portability and ease of use. Enhanced targeting systems, incorporating thermal imaging and laser guidance, are also improving the accuracy and effectiveness of these weapons in various combat scenarios.
- Growing Demand for Advanced Anti-Tank and Anti-Aircraft Systems:
The rising need for advanced anti-tank and anti-aircraft systems in shoulder-fired weapons, driven by the need to counter evolving threats from armored vehicles and low-flying aircraft, is propelling the market growth. Modern battlefields are witnessing an increase in the use of heavily armored vehicles and the deployment of unmanned aerial vehicles (UAVs), necessitating more effective anti-tank and anti-aircraft solutions. Shoulder-fired anti-tank guided missiles (ATGMs) and man-portable air-defense systems (MANPADS) are favored for their mobility, ease of deployment, and capability to engage targets at varying distances. These systems provide ground forces with the necessary firepower to neutralize advanced armored threats and low-flying aircraft, enhancing their tactical flexibility and operational effectiveness. The ongoing innovations in these systems, aimed at improving their precision, range, and lethality, are driving their adoption across military forces.
- Asymmetric Warfare and Insurgency Movements:
Asymmetric warfare, characterized by the engagement of non-state actors and irregular military tactics, is necessitating the demand for lightweight, easy-to-use, and effective portable weaponry. Shoulder-fired weapons, with their versatility and operational simplicity, offer a strategic advantage to irregular forces and military units alike in guerrilla warfare and urban combat scenarios. These weapons provide a cost-effective means for insurgent groups to challenge conventional military forces while also offering state actors the ability to equip special forces and infantry units with high-impact, mobile firepower. The adaptability of shoulder-fired weapons to diverse combat environments, coupled with their effectiveness in ambush and hit-and-run tactics, underscores their value in modern conflict scenarios, driving their increased procurement and deployment.
Leading Companies Operating in the Global Shoulder-Fired Weapons Industry:
Airtronic Usa LLC
Barrett
Lockheed Martin Corporation
MBDA
Nammo AS
Rafael Advanced Defense Systems Ltd
Raytheon Technologies Corporation
Roketsen
Saab AB.
Shoulder-Fired Weapons Market Report Segmentation:
By Technology:
Guided
Unguided
Guided exhibits a clear dominance in the market due to its enhanced accuracy and target tracking capabilities.
By Range:
Short
Medium
Long
Medium accounts for the majority of the market share accredited to its versatility and adaptability in various combat scenarios, offering an effective balance between range and portability.
By Assembly Type:
Projectile
Launcher
Projectile holds the biggest market share owing to their widespread use in a variety of weapons, including anti-tank and anti-aircraft systems, due to their simplicity and effectiveness.
By Application:
Defense
Home Security
Others
Defense represents the largest segment, as these arms are crucial for infantry, special forces, and anti-armor operations.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
North America dominates the market attributed to its growing military spending, advanced defense technology development, and the existence of key manufacturers in the region.
Global Shoulder-Fired Weapons Market Trends:
Shoulder-fired weapons are getting a high-tech upgrade, and it's changing the face of combat. Imagine smart missiles with brains of their own! Artificial intelligence (AI) is being integrated into these weapons, giving them the ability to pick their targets with pinpoint precision. This translates to less collateral damage and a higher chance of taking down the intended enemy, even in tough battlefield conditions. Think of AI as a tiny, super-powered spotter that helps soldiers make smarter decisions in the heat of the moment.
But that's not all. The battlefield is becoming one big information network, and shoulder-fired weapons are getting plugged in. By connecting them to a broader communication and sensor system, soldiers get a real-time picture of what's going on around them. Imagine seeing enemy positions before you even round a corner, or getting intel on potential threats from miles away. This network-centric warfare gives soldiers the upper hand and makes these AI-powered shoulder-fired weapons even more effective. So, the future of combat is getting smarter, faster, and more precise, and shoulder-fired weapons are leading the charge. However, it's important to remember the ethical considerations of such powerful autonomous weapons.
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