The Shoulder-fired Weapons market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Shoulder fired weapons could be classified as \'anti-tank\' or \'anti-aircraft\' that uses a launcher to fire the warhead at the target. The projectile fired include guided as well as unguided missiles and grenades. Unlike other missile systems which tend to be bulky and require operational expertise, shoulder fired weapons are small enough to be carried by a single person and operated easily with much less level of training required.
On the basis of component, the shoulder fired weapons market has been segmented into launcher and ammunition. The launcher segment is projected to grow at the highest CAGR during the forecast period. The rising demand for shoulder fired weapons can be attributed to several factors including increasing focus on close combat scenario, upgradation of existing old generation systems, need for man portable air defense systems, and precision strike on enemy platforms, among others.
The use of shoulder fired weapons in defense has increased considerably in the past few years mainly driven by the rise in urban warfare. Asymmetric warfare requires mobile and man portable weapon systems for swift and fast operations against enemy platforms. Shoulder fired weapons provide significant anti-bunker, anti-tank, and anti-personnel capabilities to ground troops.
North America is expected to lead the shoulder fired weapons market during the forecast period. One of the key factors driving of the North America shoulder fired weapons market is technological advancements in warfare platforms. Russia and China are the two major countries that are increasingly investing in shoulder fired weapons and related technologies.
In the global Shoulder-fired Weapons market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In global market, the following companies are covered:
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
Market Segment by Product Type
Short Range
Medium Range
Extended Range
Market Segment by Application
Defense
Home Security
Other
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Shoulder-fired Weapons market for the forecast period 2020 - 2025?
• What are the driving forces in the Shoulder-fired Weapons market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Shoulder-fired Weapons industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?