Shoulder Fired Weapons Market Size & Share 2025 - 2034
Market Size by Technology, Range and Application, Global Forecast.
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Market Size by Technology, Range and Application, Global Forecast.
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Starting at: $2,450
Base Year: 2024
Companies Profiled: 9
Tables & Figures: 214
Countries Covered: 19
Pages: 185
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Shoulder Fired Weapons Market
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Shoulder Fired Weapons Market Size
The global shoulder fired weapons market was valued at USD 7.2 billion in 2024 and is estimated to grow at a CAGR of 5.5% to reach USD 12.2 billion by 2034. The growth of the market is attributed to factors such as growth in increased military modernization programs.
Shoulder Fired Weapons Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
The escalation of international geopolitical tensions & ongoing border conflicts is playing a major role in fueling the need for shoulder fired weapons, with militaries favoring deployable & affordable force multipliers. The Russia-Ukraine conflict & tensions on the Indo-China & Korea DMZ borders have risen demands for portable & accurate anti-armor & anti-air capabilities. By SIPRI, European nations enrolled a 16% rise in defense spending in 2024, while eastern flank countries of NATO like Poland & Finland raised their defense budgets by more than 30% to meet regional threats (SIPRI). Shoulder fired weapons such as FGM-148 Javelin & NLAW have showed combat success in Ukraine, making them a valuable tactical asset. This growth demand is fostering scale procurement, increasing market volume & offering scope for OEMs & associated electronics suppliers globally.
Modernization of militaries is another major growth driver as nations invest in future-generation light weapons that enhance mobility, urban combat, and asymmetric warfare. Shoulder fired weapons are an integral part of these programs because they offer potential for upgrade (e.g., improved targeting capabilities, reduced launch weights). The U.S. Department of Defense's FY2024 budget had reserved $13.9 billion for tactical missile systems, including shoulder-fired weapons, in the "Missile Procurement, Army" and "Procurement of Ammunition" (Congressional Budget Justification). Furthermore, India's current infantry modernization under "F-INSAS" seeks to provide troops with shoulder-fired missiles of superior technology to be used for anti-tank and air defense missions. These agendas for modernization are comprehensively boosting contracts and investment in R&D for man-portable weapon systems, driving technological development and propelling the total market size.
Shoulder Fired Weapons Market Trends
Shoulder Fired Weapons Market Analysis
Based on the technology, the market is segmented into guided and unguided.
Based on the application, the shoulder fired weapons market is categorized into defense and homeland security.
Based on the range, the shoulder fired weapons market is bifurcated into short range (Up to 1 km), medium range (1–2.5 km), and long range (Above 2.5 km).
Shoulder Fired Weapons Market Share
The shoulder fired weapons industry is highly competitive and fragmented with the presence of established global players as well as local players and startups. The top 4 companies in the global market are Lockheed Martin Corporation, RTX, Saab AB, and MBDA collectively accounting for a share of 68.8% market share.
Shoulder fired weapons market leaders are making commitments towards future-proofing systems by focusing on weight savings using high-technology composite materials, ruggedized ergonomic shapes, and higher durability to address the stringent requirements of contemporary battlefield environments. These advancements are aimed at enhanced weapon handling, quicker target acquisition, and robust reliability under severe operational conditions. Innovations are being motivated by the requirement for integration with future-generation tactical communications, command-and-control systems, and modular battlefield networks.
SDR platform compatibility and low SWaP (size, weight, and power) compliance ensure that shoulder-fired systems can seamlessly integrate within networked and connected operational environments, enabling multi-domain combat situations. North American & European procurement trends focus on the application of materials & parts that meet stringent standards like MIL-STD-810 for environmental hardiness, ISO 9001 for quality management, and ITAR for exportability. More importantly, eco-friendly production practices are also gaining acceptance in line with overall government goals to minimize the environmental impact of defense technologies.
Shoulder Fired Weapons Market Companies
The shoulder fired weapons industry features several prominent players, including:
Lockheed Martin is a prominent leader in the shoulder fired weapons market, which is renowned for its sophisticated missile and rocket systems for precision, reliability, and improved battlefield performance. Lockheed Martin's product portfolio features advanced man-portable air-defense systems (MANPADS) and guided anti-tank missiles that provide outstanding target acquisition, fire-and-forget, and excellent performance in various combat situations. Lockheed Martin's shoulder-fired systems are designed with ergonomics & lightweight composite structures to maximize soldier mobility & readiness. Its weapons seamlessly operate within advanced tactical command-and-control networks for real-time situational awareness & interoperability with coalition partners.
Saab AB is a leading shoulder fired weapons market provider renowned for offering cutting-edge & trustworthy missile systems specifically designed to respond to the changing requirements of contemporary infantry & special operations units. The portfolio of Saab encompasses highly advanced shoulder-launched missile systems that focus on the precision targeting of targets with lightweight designs, simplifying the usage of these systems in various & demanding combat situations. The firm's shoulder-fired weapons combine enhanced guidance technologies & ergonomic designs to maximize soldier effectiveness & survivability in combat.
MBDA in the shoulder fired weapons market, is exceling in shoulder-launched weapon systems development & production with high precision, lethality, & ease of use. MBDA's shoulder-launched weapon systems feature the most advanced anti-tank guided missiles & air-defense systems with superior performance in conditions involving high-tech, high-complexity battlefield environments. MBDA focuses on lightweight, rugged design made from state-of-the-art materials to promote the mobility of soldiers & the efficiency of operations. Its vehicles are designed for quick target acquisition, fire-and-forget projectiles, & efficient countermeasure resistance to produce high rates of mission success in diverse combat environments.
Shoulder Fired Weapons Industry News
The shoulder fired weapons market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2034, for the following segments:
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By Technology
By Range
By Application
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →