Shoulder-fired Weapons Market Size: Market Outlook and Market Forecast (2024 to 2031)
The "Shoulder-fired Weapons Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Shoulder-fired Weapons market is expected to grow annually by 5.6% (CAGR 2024 - 2031).
This entire report is of 143 pages.
Shoulder-fired Weapons Introduction and its Market Analysis
The Shoulder-fired Weapons market research report provides a detailed analysis of the market conditions, including a comprehensive assessment of target market and major factors driving revenue growth. The market analysis covers key players such as Saab AB, The Raytheon Company, Lockheed Martin, Rafael Advanced Defense Systems, Thales Group, MBDA Holdings, JSC SPA Bazalt, Nammo AS, KBP Instrument Design Bureau, JSC KBM, Norinco, Denel SOC Ltd, Roketsan . The report's main findings highlight the increasing demand for advanced shoulder-fired weapons and the importance of product innovation and strategic partnerships for market growth. Recommendations include focusing on technological advancements and expanding market reach to capitalize on opportunities in the industry.
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The shoulder-fired weapons market is categorized into three main types: short range, medium range, and extended range shoulder-fired weapons. These weapons find applications in defense, home security, and other segments. Short range weapons are suitable for close combat situations, while medium and extended range weapons are used for longer distance targets.
Regulatory and legal factors play a crucial role in the shoulder-fired weapons market. Governments around the world have stringent regulations in place to control the distribution and use of these weapons. Market conditions are influenced by various factors such as restrictions on exports, licensing requirements, and compliance with international arms control agreements.
Manufacturers operating in this market must navigate complex regulatory frameworks to ensure compliance with laws and policies. Adhering to these regulations is critical for the success of companies in the shoulder-fired weapons market. As the demand for advanced defense technology continues to rise, it is essential for industry players to stay updated on regulatory and legal developments to maintain a competitive edge in the market.
Top Featured Companies Dominating the Global Shoulder-fired Weapons Market
The global shoulder-fired weapons market is highly competitive with companies such as Saab AB, The Raytheon Company, Lockheed Martin, Rafael Advanced Defense Systems, Thales Group, MBDA Holdings, JSC SPA Bazalt, Nammo AS, KBP Instrument Design Bureau, JSC KBM, Norinco (China North Industries Corporation), Denel SOC Ltd, and Roketsan . dominating the market. These companies design, manufacture, and supply a wide range of shoulder-fired weapons including man-portable missile systems, anti-tank missiles, and shoulder-launched missile systems.
Saab AB is known for its RBS 70 surface-to-air missile system, while The Raytheon Company is renowned for its Javelin anti-tank missile. Lockheed Martin has its FGM-148 Javelin shoulder-fired missile system, and Rafael Advanced Defense Systems has the Spike missile series. Thales Group is a prominent player in the market with its STARStreak missile system.
These companies play a crucial role in growing the shoulder-fired weapons market by investing in research and development, innovation, and strategic partnerships. They cater to the increasing demand for technologically advanced shoulder-fired weapons to enhance military capabilities and ensure national security. These companies also focus on expanding their global presence by securing contracts with various defense organizations worldwide.
The sales revenue of some of the above-listed companies in the shoulder-fired weapons market includes Saab AB with approximately $3.4 billion, The Raytheon Company with around $27 billion, Lockheed Martin with about $65 billion, and Rafael Advanced Defense Systems with approximately $2.9 billion. These companies continue to innovate and develop cutting-edge shoulder-fired weapons, contributing to the growth of the market and meeting the evolving needs of defense forces globally.
- Saab AB
- The Raytheon Company
- Lockheed Martin
- Rafael Advanced Defense Systems
- Thales Group
- MBDA Holdings
- JSC SPA Bazalt
- Nammo AS
- KBP Instrument Design Bureau
- JSC KBM
- Norinco(China North Industries Corporation)
- Denel SOC Ltd
- Roketsan A.S
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Shoulder-fired Weapons Market Analysis, by Type:
- Short Range Shoulder-fired Weapons
- Medium Range Shoulder-fired Weapons
- Extended Range Shoulder-fired Weapons
Short range shoulder-fired weapons include man-portable air defense systems (MANPADS) and anti-tank guided missiles. Medium range shoulder-fired weapons can reach targets up to several kilometers away, such as surface-to-air missiles and medium-range anti-tank missiles. Extended range shoulder-fired weapons are capable of engaging targets at ranges beyond medium-range weapons, such as long-range anti-tank missiles. The diversity in range offerings of shoulder-fired weapons caters to a wide range of military and defense needs, thus boosting demand in the market for shoulder-fired weapons as armed forces seek versatile and effective solutions for various threat scenarios.
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Shoulder-fired Weapons Market Analysis, by Application:
- Defense
- Home Security
- Other
Shoulder-fired weapons are commonly used for defense, home security, and various other applications. In defense, these weapons are used by military personnel to engage enemy targets at a distance. For home security, individuals may use shoulder-fired weapons to protect their property and loved ones from potential threats. In other applications, such as hunting or sport shooting, shoulder-fired weapons provide a means of accurate shooting. The fastest growing application segment in terms of revenue is expected to be defense, as governments around the world continue to invest in advanced weaponry to enhance their military capabilities.
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Shoulder-fired Weapons Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The shoulder-fired weapons market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the market due to high defense spending by countries like the United States and Canada. Europe is also expected to hold a significant market share, with countries like Germany and the . investing in advanced shoulder-fired weapons technology. The Asia-Pacific region, particularly China and India, is expected to have a growing market share as well. Latin America and the Middle East & Africa regions are also expected to contribute to the market growth, with countries like Brazil, Saudi Arabia, and the UAE increasing their defense budgets.
Overall, North America is expected to have the largest market share in the shoulder-fired weapons market, followed by Europe and Asia-Pacific. Latin America and the Middle East & Africa regions are expected to have smaller but growing market shares in the coming years.
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