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” , The global shoulder-fired weapons 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.

Factors Affecting the Growth of the Shoulder-Fired Weapons Industry:

• Rising Demand for Precision-Guided Weapons

In 2024, more military forces are choosing precision-guided shoulder-fired weapons. These weapons are more accurate and cause less damage to surrounding areas compared to older, unguided ones. With the goal of reducing civilian harm and improving effectiveness in combat, these precise weapons are becoming more popular.

• Need for Lightweight and Portable Weapons

Shoulder-fired weapons that are lightweight and easy to carry are in high demand in 2024. These weapons are important for special forces and soldiers in difficult environments. Manufacturers are working on making these weapons smaller and lighter while still maintaining their power and accuracy.

• Use of Advanced Technologies

Advanced technologies like thermal imaging, laser guidance, and artificial intelligence are changing shoulder-fired weapons in 2024. These technologies help improve targeting accuracy and make the weapons more effective in combat.

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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:

Breakup by Technology:

• Guided
• Unguided

Breakup by Range:

• Short
• Medium
• Long

Breakup by Assembly Type:

• Projectile
• Launcher

Breakup by Application:

• Defense
• Home Security
• Others

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

Shoulder-Fired Weapons Market Trends

The market for shoulder-fired weapons in 2024 is growing due to the need for more precise, portable, and high-tech weapons. As military forces continue to upgrade and adapt to new challenges, the demand for these advanced weapons is expected to stay strong.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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