Shoulder Fixed Weapons Market Outlook 2028: Leading Companies & Share Insights

Shoulder Fixed Weapons Market Size & Insights

The Global Shoulder Fixed Weapons Market is anticipated to grow at a CAGR of around 5.87% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the ever-increased internal & international military conflicts worldwide and the massive military expenditure by various countries, i.e., leading to new procurements and the upgradation of existing defense technologies. Besides, the mounting prevalence of urban warfare & asymmetric threats is also instigating the use of Shoulder Fixed weapons that can be deployed in confined spaces and provide infantry forces with effective firepower & engagement capabilities.

What are the Key Driver in the Shoulder Fixed Weapons Market??

Rising Need for Advanced Military Weapons with the Evolving Nature of Modern Warfare - Worldwide, with the rapidly rising security threats like terrorism, insurgency, territorial disputes, regional tensions, and evolving alliances, among others, many countries are making defense modernization efforts toward enhancing their military capabilities and upgrading their infantry forces in order to maintain a strong defense posture. As a result, there's an ever-rising demand for modern & technologically advanced weapons, including advanced Shoulder Fixed weapons, particularly ATGMs (Anti-tank Guided Missiles), to counter these armored threats, which, in turn, is driving the Global Shoulder Fixed Weapons Market.

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What are the Key Segments in the Shoulder Fixed Weapons Market?

The Shoulder Fixed Weapons is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Weapon Systems

Man Portable Air Defense Systems (MANPADS)
Anti-tank Guided Missiles (ATGM)
Rocket Propelled Grenade Launcher & Others

Among them all, ATGMs (Anti-tank Guided Missiles) hold a significant share of the Global Shoulder Fixed Weapons Market.

By Range

Short-range (Up to 2 Km)
Medium-range (2.1 to 5 Km)
Long-range (Above 5 Km)

By Component

Launcher
Ammunition

Here, ammunition, which includes bullets, shells, or rockets, used in shoulder-fired weapons like firearms, rocket launchers, & missiles, holds a prominent market share.

By Technology

Guided
Un-guided

How does geographical analysis highlight in the Shoulder Fixed Weapons market?

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

North America holds a dominant share of the Shoulder Fixed Weapons Market.

Who are the Key Players in Shoulder Fixed Weapons Market?

Saab AB
Lockheed Martin Corporation
Thales Group
Bazalt
JSC RPC KBM
Raytheon Technologies Corporation
Rafael Advanced Defense Systems Ltd.
L&T MBDA Missile Systems Ltd.
Roketsan A.S
Denel SOC Ltd.
Northrop Grumman Corporation
KBP Instrument Design Bureau
Bharat Dynamics Ltd.

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Shoulder Fixed Weapons Market News

2023, The US Army awarded the JJV (Javelin Joint Venture, a partnership between Raytheon Missiles & Defense and Lockheed Martin) an IDIQ (Indefinite-Delivery, Indefinite-Quantity) production contract with a total ceiling of $7.2 billion for fiscal years 2023 to 2026 for the Javelin weapon system and associated equipment & services.

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