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Shoulder Fired Weapons Market Revenue Growth On Track For A 9.9% CAGR Through 2030
The shoulder fired weapons market has experienced considerable expansion in recent years. It is anticipated to increase from $8.8 billion in 2025 to $9.79 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 11.2%. This historical growth can be linked to heightened military procurement of rocket-propelled grenades for infantry modernization, an increasing requirement for portable anti-armor systems in asymmetric warfare conditions, innovations in lightweight materials enhancing weapon portability, consistent growth in defense budgets supporting the acquisition of shoulder-fired systems, and the expansion of manufacturer-provided maintenance and training services during warranty periods.
The shoulder fired weapons market size is anticipated to demonstrate robust growth in the coming years. It is projected to reach $14.28 billion by 2030, at a compound annual growth rate (CAGR) of 9.9%. The expansion during the forecast period can be attributed to several factors: a rising demand for next-generation shoulder-fired weapons with improved accuracy and range, the increasing adoption of guided shoulder-fired systems for precise targeting, greater investments in lightweight and ergonomic designs to enhance soldier mobility, expanding procurement by emerging economies seeking cost-effective anti-armor solutions, and the expected growth in integrated after-sales and lifecycle support services bundled with new systems. Key trends in the forecast period include the miniaturization and lightweighting of shoulder-fired weapons, the integration of sophisticated targeting systems, a broader adoption of multi-purpose ammunition, the evolution of recoil-reduction and stabilization technologies, and an expansion into tactical and urban defense applications.
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Shoulder Fired Weapons Market Development Factors: What’s Supporting Demand?
Rising defense spending is anticipated to propel the shoulder-fired weapons market. Countries are increasing their defense budgets to maintain power and secure their national standing. Armed forces worldwide utilize shoulder-fired weapons for defense and security purposes. These weapons offer a considerable advantage to troops, enabling them to engage targets effectively without concerns about strike accuracy or the weapon’s weight. For instance, in April 2024, the Stockholm International Peace Research Institute, a Sweden-based independent international institute, reported that total global military expenditure reached $2443 billion in 2023, marking an increase of 6.8 per cent in real terms from 2022. Russia’s military spending also grew by 24 per cent to an estimated $109 billion in 2023 compared to 2022. Thus, the expansion in defense expenditure is a significant driver for the shoulder-fired weapons market.
Shoulder Fired Weapons Market Segments: Where Is Growth Concentrated?
The shoulder fired weapons market covered in this report is segmented –
1) By Type: Guided, Unguided
2) By Component: Launcher, Ammunition
3) By Application: Defense, Home Security, Others
Subsegments:
1) By Guided: Anti-Tank Guided Missiles (ATGMs), Surface-To-Air Missiles (SAMs), Precision Guided Munitions
2) By Unguided: Rocket-Propelled Grenades (RPGs), Shoulder-Fired Rockets
Shoulder Fired Weapons Market Transformation Trends: What Innovations Are Driving Change?
Major companies in the shoulder-fired weapons market are concentrating on creating technological improvements, such as lightweight, shoulder-launched missiles, to enhance infantry mobility, broaden engagement range, and boost precision against contemporary armored and fortified objectives. A lightweight, shoulder-launched missile refers to a portable weapon system designed for a single soldier to carry and fire from the shoulder, providing infantry with a compact and easily transportable tool capable of accurately engaging armored vehicles, fortifications, or other targets. For instance, in October 2024, Israel Aerospace Industries, an Israel-based aerospace and defense firm, introduced the Teaser, which stands out for its resilience to electronic warfare. This missile is engineered for infantry use, offering both portability and accurate targeting capabilities up to 2,500 meters. Its primary benefit is an external optical guidance system, which renders it impervious to electronic warfare, including GPS jamming. The Teaser is economical, simple to operate requiring minimal training, and adaptable against personnel, light armor, and structures, positioning it as a transformative solution for modern tactical combat.
Shoulder Fired Weapons Market Key Participants And Competitive Landscape
Major companies operating in the shoulder fired weapons market are China North Industries Group Corporation, Raytheon Company, Lockheed Martin Corporation, General Dynamics Corporation, BAE Systems plc, Thales Group, Singapore Technologies Engineering Ltd., Rheinmetall AG, Saab AB, Rafael Advanced Defense Systems Ltd., Poongsan Corporation, John Cockerill, Chemring Group plc, Fabrique Nationale Herstal S.A., Mesko S.A., Bharat Dynamics Limited, Denel Land Systems, JSC Arsenal AD, AirTronic USA LLC, Instalaza S.A., Roket Sanayii ve Ticaret A.S., JSC Konstruktorskoe Buro Priborostroeniya, Giat Industries SASU
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Shoulder Fired Weapons Market Regional Breakdown: Where Is Demand Concentrated?
North America was the largest region in the shoulder fired weapons market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shoulder fired weapons market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
