Technavio has been monitoring the global shoulder-fired weapons market since 2014 and the market is poised to grow by USD 1.99 billion during 2019-2023 at a CAGR of almost 6% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global shoulder-fired weapons market 2019-2023. (Graphic: Business Wire)
Read the 139-page research report with TOC on "Shoulder-fired Weapons Market Analysis Report by Technology (Guided and Unguided), by Product (Ammunition and Launcher), by Geography (APAC, Europe, North America, MEA, and South America), and Segment Forecasts, 2019 2023".
The market is driven by the demand for new generation anti-armor and anti-aircraft protection. In addition, the growth in battlefield digitization is anticipated to further boost the growth of the shoulder-fired weapons market.
The threat of insurgent activities in nations is increasing with the emergence of long-range rockets (LRRs), cruise missiles, and unmanned aerial systems (UASs). Countries such as India have plans to procure around 2,500 third-generation shoulder-fired ATGMs and 96 launchers to tackle insurgencies in densely populated environments. They are also focusing on the development of SHORAD missile systems. Thus, the demand for such new generation anti-armor and anti-aircraft protection systems is expected to drive market growth during the forecast period.
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Major Five Shoulder-fired Weapons Market Companies:
Lockheed Martin
Lockheed Martin is headquartered in the US and operates under various business segments such as Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The company offers Javelin, which is a premier light infantry surveillance and anti-armor weapon system.
MBDA
MBDA is headquartered in France and offers products through the following business units: AIR DOMINANCE, BATTLEFIELD ENGAGEMENT, GROUND BASED AIR DEFENCE, MARITIME SUPERIORITY, and SUBSYSTEMS COMPONENTS. The company offers systems such as Eryx, Milan ER, and MMP.
Nammo
Nammo is headquartered in Norway and operates under various business segments, namely Ammunition, Shoulder fired systems, Pyrotechnics, Rocket motors, Warheads and fuzes, and Commercial products. The company offers systems such as M72 LAW, SMAW-T, and BDM.
Raytheon
Raytheon is headquartered in the US and offers products through the following business segments: Integrated Defense Systems, Intelligence, Information and Services, Missile Systems, Space and Airborne Systems, and Forcepoint. The company offers Javelin and Stinger to its end-users such as armed forces, the US Marine Corps, and the US Army.
Saab
Saab is headquartered in Sweden and offers products through the following business segments: Aeronautics, Dynamics, Support and Services, Industrial Products and Services, Kockums, and Surveillance. The company offers systems such as RBS 70 NG and Carl-Gustaf M4 to its end-user, Armed Forces of the Slovak Republic.
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Shoulder-fired Weapons Product Outlook (Revenue, USD Million, 2019 2023)
- Ammunition
- Launcher
Shoulder-fired Weapons Regional Outlook (Revenue, USD Million, 2019 2023)
- APAC
- Europe
- North America
- MEA
- South America
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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View source version on businesswire.com: https://www.businesswire.com/news/home/20191119005977/en/
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