The Global Shoulder-Fired Weapons Market was estimated at US$ 6.7 billion in 2021 and is expected to grow at a CAGR of 5.7% during 2022-2028 to reach US$ 9.8 billion by 2028.

Competitive Landscape: Major Players and Strategies in the Shoulder-Fired Weapons Market

Amayra Shah

The shoulder-fired weapons market has witnessed significant growth and development in recent years. These weapons, also known as man-portable anti-tank systems are portable missile systems designed to be carried and fired by an individual. They play a crucial role in modern warfare, providing infantry units with the capability to engage armored vehicles, helicopters, and low-flying aircraft.

One of the key drivers behind the growth of the shoulder-fired weapons market is the increasing need for effective anti-tank systems. As modern warfare evolves, armored vehicles and aircraft continue to be crucial assets on the battlefield. Consequently, there is a growing demand for portable weapons that can effectively neutralize these threats. Shoulder-fired weapons offer mobility, versatility, and ease of use, making them highly sought after by militaries around the world.

Moreover, technological advancements have played a significant role in shaping the market. Manufacturers have focused on improving the accuracy, range, and lethality of shoulder-fired weapons. The integration of advanced guidance systems, such as infrared or laser homing, has enhanced the effectiveness of these weapons, enabling them to engage targets at greater distances with improved precision.

The market has also witnessed the development of multi-purpose shoulder-fired weapon systems capable of engaging both ground and air targets. These systems provide soldiers with a flexible and comprehensive solution on the battlefield, reducing the need for carrying multiple weapon systems. This trend has further fueled the demand for shoulder-fired weapons.

Furthermore, geopolitical factors have contributed to the growth of the market. Rising tensions in various regions, coupled with the increased threat of terrorism, have led to a higher demand for portable defense systems. Governments and armed forces are actively seeking to equip their troops with advanced shoulder-fired weapons to ensure the safety and security of their forces.

However, the shoulder-fired weapons market also faces challenges. One of the main concerns is the potential misuse or proliferation of these weapons. There is a risk of shoulder-fired weapons falling into the hands of non-state actors or being used for unauthorized purposes. To address this, strict export control measures and international agreements have been put in place to regulate the trade and transfer of these systems.

North America was the largest shoulder-fired weapons market in 2021 and is forecast to lead the market during the forecast period.

In conclusion, the shoulder-fired weapons market has experienced significant growth due to the increasing need for effective anti-tank and anti-aircraft defense systems. Technological advancements, the development of multi-purpose systems, and geopolitical factors have all contributed to the expansion of the market. While challenges exist in terms of misuse and proliferation, governments and armed forces continue to invest in these portable missile systems to enhance their military capabilities and ensure the safety of their troops.

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