Global Shoulder Fired Weapons Market is projected to reach USD 8.57 Billion and register a CAGR of 4.8% between 2019 and 2026. Shoulder fired weapon is the portable weapon system that can be operated by a single soldier. Shoulder fired weapons are widely used by the lightly armed troops or militias to destroy enemy helicopters, military bases, and armored vehicles. Moreover, the demand for shoulder fired weapons for destruction has been increasing from the last few years.
The global 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.
Increasing use of portable weapon system
|Market Size||USD 8.57 Billion (2026)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Component, Technology, Range|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Denel Soc Ltd (South Africa), JSC SPA Bazalt (Russia), KBP Instrument Design Bureau (Russia), Lockheed Martin Corporation (US), MBDA Holdings SAS (France), Rafael Advanced Defense Systems Ltd (Israel), Raytheon Company (US), Roketsan AS (Turkey), Saab AB (Sweden), Thales Group (France)|
|Key Market Opportunities||Growing Demand in Emerging Nations|
|Key Market Drivers||