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 shoulder-fired weapons market is expanding in 2024, driven by the demand for precision, portability, and advanced technology. Modern military forces are upgrading their arsenals to address evolving threats, keeping demand strong. Innovations like smart targeting systems and lightweight designs are enhancing effectiveness. Rising defense budgets and regional conflicts are further fueling growth. Companies are focusing on developing versatile, easy-to-deploy solutions. These trends are shaping the market, ensuring sustained advancements and investments.

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