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Grenade Launchers Market Forecast: Value Set To Climb From $1.94 Billion To $2.39 Billion
The grenade launchers market size has experienced significant expansion in recent years. It is anticipated to grow from $1.83 billion in 2025 to $1.94 billion in 2026, achieving a compound annual growth rate (CAGR) of 6.0%. The market’s historical growth is attributable to the adoption of single-shot and multi-shot launchers in military, use of grenade launchers in law enforcement operations, development of recoil and gas-operated mechanisms, demand for metal and polymer materials for durability, and incorporation in military training exercises.
The grenade launchers market is projected to experience substantial expansion in the coming years. By 2030, its size is anticipated to reach $2.39 billion, exhibiting a compound annual growth rate (CAGR) of 5.4%. This projected growth stems from several factors, including an increased demand for automatic and vehicle-mounted grenade launchers, their integration into remote weapon stations and turret systems, advancements in lightweight composite and alloy materials, the escalation of security and counter-terrorism operations, and the creation of multi-purpose and modular launcher systems. Key trends expected during this period involve improved accuracy and range, seamless integration with tactical and combat systems, the development of lighter and more portable launcher designs, enhanced durability through advanced materials, and greater versatility to accommodate various ammunition types.
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Grenade Launchers Market Growth Momentum: What Factors Are Shaping Demand?
The demand for sophisticated weapon systems is anticipated to boost the expansion of the grenade launchers market moving forward. These advanced weapon systems are defined as high-tech military instruments and platforms engineered to enhance combat effectiveness through precision, automation, stealth, and integrated technologies. Their deployment is increasing as nations strive to maintain strategic military superiority and effectively counter evolving, technologically advanced threats. Grenade launchers augment advanced weapon systems by providing versatile, high-impact firepower with precision and adaptability for infantry and vehicle-based operations across diverse combat scenarios. For instance, in February 2025, information from the UK Defence and Security Exports, a UK-based government agency, showed that the total value of UK defence export orders in 2023 reached £14.5 ($17.01) billion, signifying a nominal increase of £4.8 ($5.63) billion compared to 2022. Thus, the escalating demand for advanced weapon systems is a primary driver for the growth of the grenade launchers market.
Grenade Launchers Market Segment Breakdown: Which Categories Lead On Revenue?
The grenade launchers market covered in this report is segmented –
1) By Type Of Grenade Launcher: Single-Shot Launchers, Multi-Shot Launchers, Automatic Grenade Launchers, Portable Handheld Launchers, Vehicle-Mounted Launchers
2) By Operating Mechanism: Manual Operation, Semi-Automatic, Fully Automatic, Recoil Operation, Gas Operation
3) By Material: Metal, Composite Materials, Polymer, Alloy Combinations, Specialty Coatings For Enhanced Durability
4) By Application: Military Use, Law Enforcement, Security Operations, Civilian Or Recreational Use, Training And Exercises
Subsegments:
1) By Single-Shot Launchers: Under-Barrel Mounted Launchers, Standalone Launchers
2) By Multi-Shot Launchers: Revolving Cylinder Launchers, Box Magazine-Fed Launchers
3) By Automatic Grenade Launchers: Belt-Fed Systems, Magazine-Fed Systems
4) By Portable Handheld Launchers: Man-Portable Anti-Personnel Launchers, Lightweight Infantry Support Launchers
5) By Vehicle-Mounted Launchers: Remote Weapon Stations (RWS), Turret-Integrated Systems
Grenade Launchers Market Trends Redefining Industry Growth
Leading companies in the grenade launchers market are concentrating on developing technologically advanced products, including the 30mm semi-automatic grenade launcher, to enhance firepower, accuracy, and operational efficiency. A 30mm semi-automatic grenade launcher functions as a high-caliber weapon system, firing 30mm grenades in semi-automatic mode, which provides improved firepower, precision, and rapid follow-up shots for contemporary combat operations. For instance, in October 2024, Barrett Firearms Manufacturing, a US-based manufacturing company, introduced a Squad Support Rifle System (SSRS). This system equips squads with swift, precise firepower using 30mm grenades, allowing for faster reloads, greater maneuverability, and effective engagement of targets positioned behind cover or at extended ranges. Its user-friendly, rifle-like design combined with advanced optics simplifies training and ensures versatility for various combat scenarios, significantly bolstering infantry effectiveness.
Grenade Launchers Market Competitive Analysis Of Leading Industry Participants
Major companies operating in the grenade launchers market report are Norinco Group, General Dynamics Corporation, Rheinmetall AG, PT Pindad, FN Herstal, Heckler & Koch GmbH, Denel Land Systems, Rosoboronexport State Corporation, MILKOR (Pty) Ltd, Singapore Technologies Engineering Ltd, Saab AB, LMT Defense, Steyr Arms, Rippel Effect Weapon Systems Pty Ltd, REPKON Defence, ST Kinetics (ST Engineering division), Colt’s Manufacturing Company LLC, Israel Weapon Industries IWI, Nammo AS, Ceská zbrojovka Group CZG
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Grenade Launchers Market Geographic Distribution And Regional Opportunities
North America was the largest region in the grenade launchers market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grenade launchers market 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.
