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Shoulder Fired Weapons Market Growth From $9.78 Billion In 2026 To $14.28 Billion By 2030 At A CAGR Of 9.92%
The shoulder fired weapons market size is predicted to experience robust expansion in the coming years. This sector is expected to grow to $14.28 billion in 2030, achieving a compound annual growth rate (CAGR) of 9.9%. The anticipated growth during this period stems from several factors: a rising demand for next-generation shoulder-fired weapons featuring improved accuracy and range, the increasing adoption of guided shoulder-fired systems for precision targeting, heightened investments in lightweight and ergonomic designs aimed at enhancing soldier mobility, expanding procurement by emerging economies seeking cost-effective anti-armor solutions, and an expected increase in integrated after-sales and lifecycle support services bundled with new systems. Significant trends during the forecast period include the miniaturization and lightweight design of shoulder-fired weapons, the integration of advanced targeting systems, a broader embrace of multi-purpose ammunition, the development of recoil-reduction and stabilization technologies, and an expansion into tactical and urban defense applications.
The surge in defense expenditures is anticipated to stimulate the shoulder-fired weapons market. Nations are increasing their defense spending to uphold their authority and safeguard their national standing. Military forces across the globe utilize shoulder-fired weapons for both protection and security. These weapons provide a substantial tactical benefit to soldiers, enabling them to engage targets effectively without concerns about precision or the weight of the device. Illustratively, in April 2024, data from the Stockholm International Peace Research Institute, a Sweden-based independent international institute, revealed that total global military expenditure reached $2443 billion in 2023, representing a 6.8 per cent increase in real terms from 2022. Furthermore, Russia’s military spending saw a 24 per cent rise, reaching an estimated $109 billion in 2023 compared to 2022. This demonstrates how a rise in defense expenditure drives the shoulder-fired weapons market.
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Shoulder Fired Weapons Market Growth Drivers: What Factors Are Accelerating Expansion?
Leading companies in the shoulder-fired weapons market are focused on developing technological advancements, such as lightweight, shoulder-launched missiles, to improve infantry mobility, extend engagement range, and increase precision against modern armored and fortified targets. A lightweight, shoulder-launched missile refers to a portable missile system designed to be carried and fired by a single soldier from the shoulder, providing infantry with a compact, easy-to-transport weapon capable of engaging armored vehicles, fortifications, or other targets with precision. For instance, in October 2024, Israel Aerospace Industries, an Israel-based aerospace and defense company, launched a Teaser, notable for its resistance to electronic warfare. This missile is designed for infantry use, combining portability with precision targeting up to 2,500 meters. Its key advantage is an external optical guidance system that makes it immune to electronic warfare, including GPS jamming. The missile is cost-effective, easy to operate with minimal training, and versatile against personnel, light armor, and structures, making it a game-changer for modern tactical warfare.
#Shoulder Fired Weapons Market Segment Landscape And Growth Potential
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: Which Innovations Are Driving Change?
Leading companies in the shoulder-fired weapons market are focused on developing technological advancements, such as lightweight, shoulder-launched missiles, to improve infantry mobility, extend engagement range, and increase precision against modern armored and fortified targets. A lightweight, shoulder-launched missile refers to a portable missile system designed to be carried and fired by a single soldier from the shoulder, providing infantry with a compact, easy-to-transport weapon capable of engaging armored vehicles, fortifications, or other targets with precision. For instance, in October 2024, Israel Aerospace Industries, an Israel-based aerospace and defense company, launched a Teaser, notable for its resistance to electronic warfare. This missile is designed for infantry use, combining portability with precision targeting up to 2,500 meters. Its key advantage is an external optical guidance system that makes it immune to electronic warfare, including GPS jamming. The missile is cost-effective, easy to operate with minimal training, and versatile against personnel, light armor, and structures, making it a game-changer for modern tactical warfare.
Shoulder Fired Weapons Market Key Players And Strategic Industry Positioning
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 Analysis: Which Region Leads By Revenue?
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.