# Shoulder Fired Weapons Market

> Shoulder Fired Weapons Market Size, Share, Industry Trend & Analysis Research Report Information by Component (Launcher and Ammunition), Technology (Guided and Unguided), Range (Short Range, Medium Range and High Range) and Region (North America, Europe, Asia-Pacific, Middle East Africa and Latin America) - Forecast till 2035

- **Forecast Period:** 2025 - 2035
- **CAGR:** 4.8%
- **2024:** $ 6.18 Billion
- **2025:** $ 6.48 Billion
- **2035:** $ 10.36 Billion
- **Key Players:** Lockheed Martin (US), Raytheon Technologies (US), Northrop Grumman (US), Thales Group (FR), BAE Systems (GB), Rheinmetall AG (DE), Saab AB (SE), General Dynamics (US), Kongsberg Gruppen (NO)

**Report ID:** MRFR/AD/8224-HCR · **Pages:** 162 · **Author:** Abbas Raut & Sejal Akre · **Last Updated:** April 06, 2026

**URL:** https://www.marketresearchfuture.com/reports/shoulder-fired-weapons-market-9702

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## Market Summary

## **Shoulder Fired Weapons Market Overview**

Shoulder Fired Weapons Market Size was valued at USD 5.9 billion in 2023. The shoulder fired weapons market is projected to grow from USD 6.2 Billion in 2024 to USD 8.06 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period (2024 - 2030). High growth in recent years owing to the increasing defense expenditure, increasing need for portable anti-tank weapons, and increasing demand for lightweight guided weapons. These are just a few of the market drivers that are driving the market.

Source Secondary Research, Primary Research, _Market Research Future_ Database and Analyst Review

**Shoulder Fired Weapons Market Trends**

**Growing M&A Activities to propel the market growth**

The Shoulder-fired Weapons Market in North America has several small and medium-sized vendors, and the market is witnessing much M&A activity. M&A help companies increase their market share, geographical presence, and product portfolio. For instance, there is a plan for the merger of  Digital Solutions and Airtronics USA. Airtronics USA is an electro-mechanical engineering design and manufacturing company, and its product lists includes grenade launchers, RPG launchers, and rifles. This merger deal provides Airtronics USA with an additional US$550,000 to enable it to complete pending contracts and purchase orders.

There has been increased interest in man-portable shoulder-fired weapons in emerging markets such as India. At present, the Indian army has a 50 percent shortfall in its authorized holding of ATGMs. India is working on developing a man-portable shoulder-fired ATGM. It has allocated a budget of US$3 billion for this project, which includes the induction of 1,914 launchers and 37,860 missiles. It will be followed by tech transfer from the project partner to Bharat Dynamics (India) for indigenous manufacture. US had been actively lobbying to get the deal from India, to develop the Javelin weapon for India's ATGM project.

Such, big deals would also largely stimulate the weapons market in the US and help increase its import.

**Recent News :**

In March 2024, Saab, a Swedish defense company, will commence production of the Carl-Gustaf M4 shoulder-launched weapon system in India. The manufacturing will take place at Saab's newly established plant located in the Jhajjar district of Haryana. Saab FFVO India Pvt Ltd is the inaugural instance of 100% foreign direct investment (FDI) in India's defense industry. Typically, India permits up to 74% foreign direct investment (FDI) in the defense sector. However, a full 100% FDI is only granted on a selective basis, depending on the specific circumstances.

Saab FFVO will produce state-of-the-art rocket launchers for the Indian armed forces, as well as components for international customers of the weapon system. The Indian Army has utilized the Carl-Gustaf weapon system since 1976, and the M2 and M3 variants of the system have been manufactured under license in India. This will be Saab's inaugural establishment of a manufacturing plant for the Carl-Gustaf M4 weapon system beyond the borders of Sweden.

Saab has announced its collaboration with Indian suppliers and its commitment to fully comply with the Make in India standards for the systems produced at the plant, as stated in the company's official statement.

**Shoulder Fired Weapons Market Segment Insights**

**Shoulder-fired Weapons Component Insights**

The  Shoulder-fired Weapons market segmentation is based on the component which includes ammunition and launcher. The increasing need for portable anti-tank weapons will drive the  Shoulder-fired Weapons market.

**Figure 1:  Shoulder-fired Weapons Market, by Component, 2022 & 2030 (USD Billion)**

**Shoulder-fired Weapons Insights**

The  Shoulder-fired Weapons market segmentation is based on the range which includes short range, medium range, and high range. The medium-range segment is the dominating in the market growth in 2022. Increasing Demand For Lightweight Guided Weapons has attributed to the growth of the market.

**Shoulder-fired Weapons Regional Insights**

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. North America experience significant growth with the rising number of research and development activities for developing innovative technology-based designs of portable warfare systems. Advancement in technology in the warfare platform is boosting the growth of the North America shoulder-fired weapon market. The adoption of man-portable anti-tank weapons, as well as a man-portable air defense system, provides an advantage to troops by destroying targets without concern about the precision of the strike as well as the weight of the weapon.

With the increase in the use of sophisticated armored machinery in war, various countries are increasing their adoption of MANPADS. Advanced MANPADS are installed with ultraviolet sensors for the detection of radiation, infrared sensors for smart control units, and heat detection. 

The common MANPADS are infrared seekers which acquire the targets by detecting of aircraft engine heat. Modern MANPADS include Igla and Strela weapons, as well as stinger shoulder weapons. The military conflict between Ukraine and Russia has driven some developments in terms of the procurement and supply of shoulder-fired weapons. For example, in May 2022, The US government planned for supplying thousand of javelin and stinger shoulder-fired weapons to Ukraine. Additionally country has placed orders for javelin in May 2022. These weapons are produced in partnership between Lockheed Martin and Raytheon.

Furthermore, with rising incidents of drone strikes as well as air space intrusions, forces across the world are seeking innovative MANPADS for air defense.

Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

**Figure 2: Shoulder-fired Weapons MARKET SHARE BY REGION 2022 (USD Billion)**

Asia Pacific Shoulder-fired Weapons has several largest importers of weapons, such as China, India, South Korea, and Pakistan. India's and China's defense budgets have been increasing. It is expected that China has spent around USD 293 billion in military expenditure as of 2021, with India's, defense spending computed at a total of USD 76.6 billion. China is a significant developer of shoulder-fired weapons, as well as its investment in the development the smart sensor-based weapons-based weapons having the capability of differencing between friends, foes, and neutral targets, for reducing the accidental shooting of vehicle and civilian aircraft.

The country is investing heavily in the development of shoulder-fired weapons. In February 2022, China has done testing of QW-12 modern MANPADS for intercepting jet aircraft, helicopters as well as cruise missiles in a live fire test. 

The MANAPAD can hit a particularly designed target aircraft. India, with its military conflicts with china, has also heavily invested in the improvement of its portable weapons inventory. For instance, in April 2022, the country induced new MANPADS into defense. A few of the Russian-built Igla-S system MANPADS were tested, as well a much larger order of these is anticipated in the coming year. The order includes 216 missiles, 24 launches as well as testing equipment. India is also investing majorly in the improvement of the existing anti-tank as well as anti-missile capabilities.

For example, in January 2022, the Indian Airforce and Indian Army partnered with Saab AB to obtain an AT4 single-shot shoulder-fired weapon via the competitive program. 

The  shoulder fired weapons market has witnessed high growth in recent years owing to the increasing defense expenditure, increasing need for portable anti-tank weapons, and increasing demand for lightweight guided weapons. However, the transfer of technology and restriction on the sale and traumatic brain injuries caused using shoulder fired weapons is expected to hinder the growth of the market to some extent. The market in this region is projected to expand at a high CAGR during the forecast period.

Increasing defense expenditure and rising terrorist activities in India, Indonesia, and Australia are driving the growth of the market in the region. Also, in July 2020, the Indian army announced the procurement of the Spike LR Anti-tank guided missiles from Israel. Further, the China Shoulder-fired Weapons market held the largest market share, and the India Shoulder-fired Weapons market was the fastest growing market in the region.

Europe Shoulder-fired Weapons market accounts for the second-largest market share Upgradation in artillery and armor has resulted in increasing demand for defense and military products, thereby driving revenues in the shoulder-fired weapon market. Increasing asymmetrical warfare, rising security requirements as well as protection against terrorist activities along with advancement in forces have been driving the growth of the shoulder-fired weapon market. Rising demand from the government for advancing weapons in the national armory system was further attributed to the growth of the shoulder-fired weapon market. 

Although, the demand for the automated missile system and associated surface fighting equipment that lacks human interface (HI) is likely to pose threats to the growth of the shoulder-fired weapon market.   The rising adoption of advanced weapons as well as significant growth in the military along with defense sectors represents a major factor boosting the demand for shoulder-fired weapons around the globe. The increasing instances of violence, terrorism, and armed conflicts are driving market growth. 

Furthermore, the growth in the investment by the defense as well as military organizations in the upgradation of infrastructure for enhancing national security is supporting the growth of the market. Furthermore, there is a rise in demand for man-portable air defense systems that offer a massive advantage to military forces. Several players are developing smart shoulder-fired weapons embedded in electronic warfare systems for providing augmented reality information to operators.

They also integrate artificial intelligence, satellite guidance systems as well as machine learning which allow military personnel to deal with combatants in the war as well as minimize the collateral damage thus attributed to the market. Moreover, UK Shoulder-fired Weapons market held the largest market share, and the Germany Shoulder-fired Weapons market was the fastest-growing market in the region.

**Shoulder-fired Weapons Key Market Players & Competitive Insights**

Major market players are spending a lot of money on R&D to increase their product lines, which will help the schizophrenia market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. Competitors in the Shoulder-fired Weapons industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

**In October 2021,** the production lines for man-portable missiles and a facility for generating solid fuel were officially opened in the presence of Iran's highest-ranking military leaders. The facility serves as a mass production line for sophisticated shoulder-launched missiles and also functions as a hub for manufacturing hybrid solid fuel specifically designed for ground forces' missiles. 

These shoulder-launched missiles come in numerous types, with a range of around 5 kilometers, and are capable of engaging different targets. They have successfully completed rigorous testing. The armed forces have identified the need to enhance the range and speed of missiles employed in ground operations. Today, they have introduced a new solid fuel that is projected to significantly increase the power of tactical ground-to-ground, anti-tank, and low altitude air defense missiles. 

**Key Companies in the Shoulder-fired Weapons market include**

**Shoulder-fired Weapons Industry Developments**

For instance May 2022, Lockheed Martin has planned to aim around nearly double the production of a Javelin anti-tank shoulder-fired weapon from 2,100 annually to 4000 annually. At the same time, the US army also planned to purchase 1,300 stinger [man-portable anti-tank systems](../../../reports/anti-tank-missile-market-3159) from Lockheed-Raytheon joint venture.

For instance April 2022, the US army released a request for RFI to the industry as part of its replacing its stockpiles of FIM-92 Stinger MANPADS with new similar functioning missiles.

**Shoulder-fired Weapons Market Segmentation**

******Component Outlook (USD Billion, 2018-2030)**

**Technology Outlook (USD Billion, 2018-2030)**

**Range Technology Outlook (USD Billion, 2018-2030)**

**Shoulder-fired Weapons Regional Outlook (USD Billion, 2018-2030)**

## Market Drivers

### Technological Innovations

Technological advancements play a crucial role in shaping the Shoulder Fired Weapons Market. The integration of cutting-edge technologies, such as smart targeting systems and improved materials, has enhanced the performance and effectiveness of shoulder-fired weapons. Recent developments indicate that the market is witnessing a shift towards more sophisticated systems that offer greater accuracy and reduced weight. For example, the introduction of advanced optics and fire control systems has the potential to significantly improve operational efficiency. This trend not only attracts military buyers but also influences procurement strategies, as armed forces seek to modernize their capabilities within the Shoulder Fired Weapons Market.

### Growing Asymmetric Warfare

The rise of asymmetric warfare has significantly impacted the Shoulder Fired Weapons Market. Non-state actors and insurgent groups are increasingly utilizing portable and easily deployable shoulder-fired weapons to counter conventional military forces. This shift in warfare dynamics has prompted governments to adapt their strategies and invest in similar systems for their own forces. The demand for lightweight and versatile shoulder-fired weapons is likely to increase as military organizations seek to equip their troops with effective tools for urban and guerrilla warfare scenarios. Consequently, this trend may lead to a diversification of products within the Shoulder Fired Weapons Market, catering to various operational needs.

### Rising Geopolitical Tensions

The Shoulder Fired Weapons Market appears to be influenced by escalating geopolitical tensions across various regions. Nations are increasingly investing in their defense capabilities to address perceived threats, which has led to a surge in demand for shoulder-fired weapons. For instance, military expenditures have seen a notable increase, with some countries allocating over 2% of their GDP to defense. This trend suggests that governments are prioritizing the enhancement of their military arsenals, including shoulder-fired systems, to ensure national security. As a result, manufacturers in the Shoulder Fired Weapons Market are likely to experience heightened demand for their products, driving innovation and production rates.

### Focus on Counter-Terrorism Operations

The emphasis on counter-terrorism operations is shaping the landscape of the Shoulder Fired Weapons Market. As nations confront the persistent threat of terrorism, there is a growing need for effective weaponry that can be deployed in urban environments. Shoulder-fired weapons, known for their portability and ease of use, are becoming essential tools for special forces and law enforcement agencies. Recent data suggests that investments in counter-terrorism capabilities are on the rise, with many countries prioritizing the acquisition of advanced shoulder-fired systems. This focus not only enhances operational readiness but also drives innovation within the Shoulder Fired Weapons Market, as manufacturers strive to meet the evolving demands of security forces.

### Increased Military Modernization Programs

The ongoing military modernization programs across various nations are driving growth in the Shoulder Fired Weapons Market. Countries are recognizing the necessity to upgrade their existing weaponry to maintain a competitive edge. Reports indicate that several nations are investing heavily in modernizing their armed forces, with a focus on enhancing the capabilities of infantry units. This includes the procurement of advanced shoulder-fired weapons that offer improved lethality and versatility. As a result, the market is likely to see a rise in contracts and partnerships between defense contractors and governments, further stimulating growth within the Shoulder Fired Weapons Market.

## Future Outlook

The Shoulder Fired Weapons Market is projected to grow at a 4.8% CAGR from 2025 to 2035, driven by technological advancements, increased defense budgets, and evolving military strategies.

**New opportunities:**

- Development of advanced targeting systems for precision strikes. Integration of smart technology for enhanced user interface. Expansion into emerging markets with tailored product offerings.

By 2035, the market is expected to solidify its position as a key segment in defense technology.

## Segment Insights

### By Component: Ammunition (Largest) vs. Launcher (Fastest-Growing)

The Shoulder Fired Weapons Market is divided into two critical components: Ammunition and Launcher. Ammunition remains the largest segment, capturing a significant share due to its pivotal role in the functionality of shoulder-fired systems. The versatility of ammunition types, including guided and unguided options, has solidified its dominant position in the market. On the other hand, the Launcher segment, while smaller in comparison, is experiencing rapid growth. Technological advancements and increasing demand for more effective launch systems are elevating its market presence.

Ammunition (Dominant) vs. Launcher (Emerging)

Ammunition is a dominant component in the Shoulder Fired Weapons Market, characterized by a diverse range of types tailored to various operational requirements. Its established production processes and the ability to adapt to new technologies make it a sturdy segment in military and defense sectors. Conversely, the Launcher segment is emerging as a significant player, driven by innovations that enhance accuracy and ease of use. The demand for lightweight, portable launchers with advanced targeting systems is on the rise, particularly among special operations. This growing interest indicates a shift towards more advanced and versatile launch systems that complement the broad spectrum of ammunition available.

### By Range: Short Range (Largest) vs. High Range (Fastest-Growing)

In the Shoulder Fired Weapons Market, the segment distribution reveals that short-range weapons dominate due to their versatile applications in urban warfare and close-quarters combat. Tactical units favor these weapons for their ease of use and rapid deployment, contributing to their market leadership. Meanwhile, medium-range weapons hold a notable share, offering a balance between power and precision, while high-range weapons are on the rise as militaries modernize their arsenals to engage targets at extended distances.

Short Range (Dominant) vs. High Range (Emerging)

Short-range shoulder fired weapons stand out in the market for their compact design and operational convenience. These weapons are favored by multi-purpose tactical teams and special operations forces for quick engagement in confined environments. Conversely, high-range options, while traditionally less common, are gaining traction as advancements in technology enhance accuracy and lethality at greater distances. As global military strategies adapt to diverse threat landscapes, high-range weapons are increasingly seen as essential for long-range engagement capabilities, showing strong potential for future growth.

### By Technology: Guided (Largest) vs. Unguided (Fastest-Growing)

In the Shoulder Fired Weapons Market, the technology segment showcases a distinct division between guided and unguided systems. Guided weapons currently hold the largest share, benefiting from advanced targeting systems and improved accuracy, which appeal to defense sectors globally. Unguided systems, while smaller in proportion, have a rapidly growing presence due to their simplicity and cost-effectiveness, catering to niche markets and specific operational needs. Growth trends reveal a robust demand for guided technologies, propelled by military modernization and the need for precision weaponry. Meanwhile, unguided weapons are gaining traction among smaller defense forces and private security companies that prioritize affordability and ease of use. This bifurcation in technology reflects varying operational requirements and budgetary constraints across the global defense landscape.

Technology: Guided (Dominant) vs. Unguided (Emerging)

Guided shoulder fired weapons remain the dominant segment in the market due to their enhanced accuracy and effectiveness in combat scenarios. These systems utilize advanced tracking and targeting technologies, making them suitable for modern warfare where precision is crucial. Their strong adoption is driven by increasing defense expenditures and the demand for technologically advanced weaponry. In contrast, unguided weapons are emerging as a key player, primarily appealing to budget-conscious military forces and special operations. These systems provide a straightforward solution with reduced logistical complexities and can be quickly deployed. The dichotomy between guided and unguided reflects the varied approaches to military engagement, with each segment serving unique operational profiles in the global defense arena.

## Regional Market Share Analysis

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. North America experience significant growth with the rising number of research and development activities for developing innovative technology-based designs of portable warfare systems. Advancement in technology in the warfare platform is boosting the growth of the North America shoulder-fired weapon market. The adoption of man-portable anti-tank weapons, as well as a man-portable air[defense](https://www.marketresearchfuture.com/reports/defense-platforms-market-26827) system, provides an advantage to troops by destroying targets without concern about the precision of the strike as well as the weight of the weapon.

With the increase in the use of sophisticated armored machinery in war, various countries are increasing their adoption of MANPADS. Advanced MANPADS are installed with ultraviolet sensors for the detection of radiation, infrared sensors for smart control units, and heat detection. 

The common MANPADS are infrared seekers which acquire the targets by detecting of [aircraft](https://www.marketresearchfuture.com/reports/aircraft-airframe-mro-market-4197) engine heat. Modern MANPADS include Igla and Strela weapons, as well as stinger shoulder weapons. The military conflict between Ukraine and Russia has driven some developments in terms of the procurement and supply of shoulder-fired weapons. For example, in May 2022, The US government planned for supplying thousand of javelin and stinger shoulder-fired weapons to Ukraine. Additionally country has placed orders for javelin in May 2022. These weapons are produced in partnership between Lockheed Martin and Raytheon.

Furthermore, with rising incidents of drone strikes as well as air space intrusions, forces across the world are seeking innovative MANPADS for air defense.

Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

**Figure 2: Shoulder-fired Weapons MARKET SHARE BY REGION 2022 (USD Billion)**

Asia Pacific Shoulder-fired Weapons has several largest importers of weapons, such as China, India, South Korea, and Pakistan. India's and China's defense budgets have been increasing. It is expected that China has spent around USD 293 billion in military expenditure as of 2021, with India's, defense spending computed at a total of USD 76.6 billion. China is a significant developer of shoulder-fired weapons, as well as its investment in the development the smart sensor-based weapons-based weapons having the capability of differencing between friends, foes, and neutral targets, for reducing the accidental shooting of vehicle and civilian aircraft.

The country is investing heavily in the development of shoulder-fired weapons. In February 2022, China has done testing of QW-12 modern MANPADS for intercepting jet aircraft, helicopters as well as cruise missiles in a live fire test. 

The MANAPAD can hit a particularly designed target aircraft. India, with its military conflicts with china, has also heavily invested in the improvement of its portable weapons inventory. For instance, in April 2022, the country induced new MANPADS into defense. A few of the Russian-built Igla-S system MANPADS were tested, as well a much larger order of these is anticipated in the coming year. The order includes 216 missiles, 24 launches as well as testing equipment. India is also investing majorly in the improvement of the existing anti-tank as well as anti-missile capabilities.

For example, in January 2022, the Indian Airforce and Indian Army partnered with Saab AB to obtain an AT4 single-shot shoulder-fired weapon via the competitive program. 

The  shoulder fired weapons market has witnessed high growth in recent years owing to the increasing defense expenditure, increasing need for portable anti-tank weapons, and increasing demand for lightweight guided weapons. However, the transfer of technology and restriction on the sale and traumatic brain injuries caused using shoulder fired weapons is expected to hinder the growth of the market to some extent. The market in this region is projected to expand at a high CAGR during the forecast period.

Increasing defense expenditure and rising terrorist activities in India, Indonesia, and Australia are driving the growth of the market in the region. Also, in July 2020, the Indian army announced the procurement of the Spike LR Anti-tank guided missiles from Israel. Further, the China Shoulder-fired Weapons market held the largest market share, and the India Shoulder-fired Weapons market was the fastest growing market in the region.

Europe Shoulder-fired Weapons market accounts for the second-largest market share Upgradation in artillery and armor has resulted in increasing demand for defense and military products, thereby driving revenues in the shoulder-fired weapon market. Increasing asymmetrical warfare, rising security requirements as well as protection against terrorist activities along with advancement in forces have been driving the growth of the shoulder-fired weapon market. Rising demand from the government for advancing weapons in the national armory system was further attributed to the growth of the shoulder-fired weapon market. 

Although, the demand for the automated missile system and associated surface fighting equipment that lacks human interface (HI) is likely to pose threats to the growth of the shoulder-fired weapon market.   The rising adoption of advanced weapons as well as significant growth in the military along with defense sectors represents a major factor boosting the demand for shoulder-fired weapons around the globe. The increasing instances of violence, terrorism, and armed conflicts are driving market growth. 

Furthermore, the growth in the investment by the defense as well as military organizations in the upgradation of infrastructure for enhancing national security is supporting the growth of the market. Furthermore, there is a rise in demand for man-portable air defense systems that offer a massive advantage to military forces. Several players are developing smart shoulder-fired weapons embedded in electronic warfare systems for providing augmented reality information to operators.

They also integrate artificial intelligence, satellite guidance systems as well as machine learning which allow military personnel to deal with combatants in the war as well as minimize the collateral damage thus attributed to the market. Moreover, UK Shoulder-fired Weapons market held the largest market share, and the Germany Shoulder-fired Weapons market was the fastest-growing market in the region.

## Competitive Benchmarking

Major market players are spending a lot of money on R&D to increase their product lines, which will help the schizophrenia market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. Competitors in the Shoulder-fired Weapons industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.**In October 2021,** the production lines for man-portable missiles and a facility for generating solid fuel were officially opened in the presence of Iran's highest-ranking military leaders. The facility serves as a mass production line for sophisticated shoulder-launched missiles and also functions as a hub for manufacturing hybrid solid fuel specifically designed for ground forces' missiles. These shoulder-launched missiles come in numerous types, with a range of around 5 kilometers, and are capable of engaging different targets. They have successfully completed rigorous testing. The armed forces have identified the need to enhance the range and speed of missiles employed in ground operations. Today, they have introduced a new solid fuel that is projected to significantly increase the power of tactical ground-to-ground, anti-tank, and low altitude air defense missiles. 

## Recent News & Developments

For instance May 2022, Lockheed Martin has planned to aim around nearly double the production of a Javelin anti-tank shoulder-fired weapon from 2,100 annually to 4000 annually. At the same time, the US army also planned to purchase 1,300 stinger [man-portable anti-tank systems](../../../reports/anti-tank-missile-market-3159) from Lockheed-Raytheon joint venture.

For instance April 2022, the US army released a request for RFI to the industry as part of its replacing its stockpiles of FIM-92 Stinger MANPADS with new similar functioning missiles.

## Report Scope

| MARKET SIZE 2024 | 6.183(USD Billion) |
| --- | --- |
| MARKET SIZE 2025 | 6.48(USD Billion) |
| MARKET SIZE 2035 | 10.36(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.8% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Lockheed Martin (US), Raytheon Technologies (US), Northrop Grumman (US), Thales Group (FR), BAE Systems (GB), Rheinmetall AG (DE), Saab AB (SE), General Dynamics (US), Kongsberg Gruppen (NO) |
| Segments Covered | Component |
| Key Market Opportunities | Advancements in lightweight materials enhance portability and effectiveness in the Shoulder Fired Weapons Market. |
| Key Market Dynamics | Technological advancements and regulatory changes drive innovation and competition in the Shoulder Fired Weapons Market. |
| Countries Covered | North America, Europe, APAC, South America, MEA |

## Frequently Asked Questions

**Q: What is the projected market valuation of the Shoulder Fired Weapons Market by 2035?**
A: The projected market valuation for the Shoulder Fired Weapons Market by 2035 is 10.36 USD Billion.

**Q: What was the market valuation of the Shoulder Fired Weapons Market in 2024?**
A: The market valuation of the Shoulder Fired Weapons Market in 2024 was 6.183 USD Billion.

**Q: What is the expected CAGR for the Shoulder Fired Weapons Market during the forecast period 2025 - 2035?**
A: The expected CAGR for the Shoulder Fired Weapons Market during the forecast period 2025 - 2035 is 4.8%.

**Q: Which companies are considered key players in the Shoulder Fired Weapons Market?**
A: Key players in the Shoulder Fired Weapons Market include Lockheed Martin, Raytheon Technologies, Northrop Grumman, and Thales Group.

**Q: What are the projected valuations for the ammunition and launcher segments in 2035?**
A: In 2035, the projected valuation for the ammunition segment is 5.1 USD Billion, while the launcher segment is expected to reach 5.26 USD Billion.

**Q: How does the market segment for range categorize the Shoulder Fired Weapons?**
A: The range segment categorizes the Shoulder Fired Weapons into short range, medium range, and high range, with projected valuations of 2.5 USD Billion, 4.0 USD Billion, and 3.86 USD Billion respectively by 2035.

**Q: What is the expected growth in the guided and unguided technology segments by 2035?**
A: By 2035, the guided technology segment is projected to reach 4.0 USD Billion, while the unguided technology segment is expected to grow to 6.36 USD Billion.

**Q: What trends are influencing the growth of the Shoulder Fired Weapons Market?**
A: Trends influencing the growth of the Shoulder Fired Weapons Market include advancements in technology and increasing defense budgets among key nations.

**Q: How does the performance of the Shoulder Fired Weapons Market compare across different technology segments?**
A: The performance of the Shoulder Fired Weapons Market indicates that unguided technology may continue to dominate, with a projected valuation of 6.36 USD Billion by 2035.

**Q: What factors could impact the future growth of the Shoulder Fired Weapons Market?**
A: Factors that could impact the future growth of the Shoulder Fired Weapons Market include geopolitical tensions and technological innovations in weaponry.


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